Bernstein analysts point out that Circle's USDC partnership with a certain CEX is a direct play for investing in the stablecoin market. AI agent machine payments could bring incremental demand, but the scale remains small for now. USDC's supply and trading volume have reached all-time highs, with leading market share.

This week, major cryptocurrencies showed stable overall performance, with HYPE tokens gaining nearly 6% following Grayscale's ETF application. HYPE has accumulated gains of 56% year-to-date, with increased trading activity. Bitcoin, Ethereum, and XRP all posted modest gains, indicating increased investor demand for innovative products and decentralized platforms.

Gate News reports that on March 23rd, Kyber Network stated that all wallets related to the Resolv attack incident have been quickly identified, and their further activity on the KyberSwap platform has been blocked.

The U.S. Securities and Exchange Commission (SEC) concluded its investigation into Faraday Future on March 23rd, taking no action against the company or related individuals. Jia Yueting stated that the company will focus all efforts on strategic execution and value creation in its core business.

Gate News reported that on March 22, DeFi protocol Fluid released an announcement stating that it learned of the Resolv hacker incident. Fluid's automatic credit limit mechanism prevented excessive borrowing of funds, and the USR market has been suspended from trading with the situation under control. Fluid stated that if there are any bad debts remaining on the protocol, all user losses will be fully compensated. User funds and protocol security are Fluid's top priorities, and a comprehensive review is currently underway. A detailed post-mortem analysis report will be released after the investigation concludes.

As of March 15, China's AI large language models reached a weekly call volume of 4.69 trillion Tokens, surpassing the US for the second consecutive week, with all top three global rankings occupied by Chinese models. JPMorgan Chase predicts that AI inference Token consumption will grow significantly.

Gate News: On March 22, Hyperbot data shows that the decline in the cryptocurrency market this morning led to the liquidation of all of Big Brother Machi Huang Lixuan's Ethereum long positions. One hour ago, Huang Lixuan opened a new Ethereum long position with 25x leverage, currently holding 2,200 ETH, valued at approximately $4.62 million, with an entry price of $2,091 and a liquidation price of $2,061.

On March 22, on-chain analyst Remainder monitored that the Venus attacker converted all previously extracted BNB, BTC, and CAKE into ETH and bridged it to the Ethereum network, valued at approximately $4.72 million. Currently, the attacker has recovered assets worth approximately $5 million, but whether they conducted long/short operations on trading platforms remains unconfirmed.

Gate News reports that on March 21, according to Santiment data, the number of wallet addresses holding fewer than 100 XRP in the XRP Ledger reached 5.66 million, setting a new record high.

Affected by the U.S.-Israel-Iran conflict, Bitcoin fell nearly 5% this week. The S&P 500, Dow Jones, Nasdaq, and gold all declined in sync, while crude oil rose 7.3%. Over the past three months, the S&P 500 and Nasdaq ETFs saw $64 billion in outflows, reaching historic highs. Bitcoin's net realized profits once accelerated but subsequently fell below $70,000.