Gate News update, on March 31, payment company Convera reached a strategic partnership with Ripple, which will provide enterprises with payment and treasury management solutions that support cryptocurrencies. The partnership is based on the “stablecoin sandwich” settlement model, meaning the payment process begins and ends with fiat currency, and the middle steps use regulated stablecoins for settlement. Under the partnership agreement, Convera is responsible for coordinating the end-to-end payment experience, while Ripple provides liquidity support, onboarding and offboarding channels, and infrastructure for cross-border settlement.

Belgian digital asset firm Keyrock completes its Series C funding round, with a valuation of $1.1 billion. The fundraising amount may reach $100 million and will be used for business expansion and strategic acquisitions. The company’s goal is to accelerate global expansion, strengthen institutional-grade service capabilities, and connect traditional and crypto financial markets.

Goldman Sachs’ report maintains a bullish outlook for gold, expecting the gold price to reach $5,400 per ounce by the end of 2026, driven by central bank gold purchases and Federal Reserve rate cuts. Despite near-term downside risks, in the long run, the upside potential for gold remains substantial, as geopolitical factors or moves to diversify into more assets could prompt additional allocation.

By the end of March 2026, Bitcoin market sentiment has heated up. MicroStrategy’s Saylor is once again using a “laser eyes” profile picture, drawing attention and signaling a bullish outlook. Despite being in the red, Saylor continues to accumulate more Bitcoin, aiming to reach 1,000,000 coins. Other investors have followed suit, indicating recognition of Bitcoin’s long-term value and suggesting that the market may be building a new supply-demand balance.

If Bitcoin drops below $65,000, the cumulative long liquidation intensity on major CEXs will reach $743 million; if it breaks above $68,000, the cumulative short liquidation intensity will reach $621 million. The liquidation chart shows how price fluctuations affect liquidation intensity.

The conflict between Israel and Iran has lasted for a month, and the situation is uncertain in the coming week, which may affect market sentiment. At the same time, the Bank of Japan and the Federal Reserve will release interest rate expectations and employment data, and these economic indicators will also have a significant impact on market liquidity.

Gate News reports that on March 28, market research firm Citrini Research expressed the view that U.S. stocks may reach a short-term bottom on Monday. At the same time, the firm stated that the S&P 500 index (the benchmark index for the U.S. stock market) will not stabilize long-term before falling below 6000 points, but some severe short-term rebounds will occur.

Bitcoin mining is undergoing a structural transformation, with average mining costs for mining companies expected to reach $80,000 by the end of 2025, while the price of Bitcoin is only around $70,000. Mining companies are increasingly turning to artificial intelligence and high-performance computing, with total related contracts exceeding $70 billion. The funding for this transformation mainly comes from leveraged financing and the sale of Bitcoin reserves. Although there is a significant divergence in the valuations of mining companies, whether the price of Bitcoin can rebound to $100,000 will impact the future development of the mining industry.

Artelo Biosciences announced that it will sell 3,188,407 shares of common stock at $3.45 per share through a private placement, raising $11 million, and also plans to sell warrants at $3.20 per share, with total fundraising expected to reach $20.4 million. The transaction is expected to be completed on March 30.

Elon Musk is considering allocating 30% of shares to retail investors in the SpaceX IPO, significantly higher than the traditional proportion. This move aims to leverage the fan base to stabilize demand after the listing. The IPO is expected to be valued at $75 billion, with plans to kick off the roadshow in 2026. Meanwhile, SpaceX is making management adjustments to optimize costs, attract long-term investors, and reduce trading volatility risk. This strategy could influence the listing models of future tech companies.