Gate News: On March 17, U.S. Senator Chris Murphy and Representative Greg Casar introduced a new bill called the BETS OFF Act, which proposes to prohibit government officials from engaging in prediction market betting while possessing inside information. The bill specifically targets suspected insider trading in events related to U.S. actions in Venezuela, Iran, and other locations, aiming to restrict officials from profiting from sensitive policy and military information.

On March 17, a short-term interest rate options trade betting on the Federal Reserve maintaining higher rates for an extended period closed for a profit of approximately $10 million, exiting ahead of the Federal Reserve's policy meeting. The core thesis of the trade predicted that U.S. interest rates in 2028 would be higher than market expectations. Driven by inflation concerns, the market has downward-revised its expectations for rate cuts.

Trump renews calls for Fed rate cuts and convenes "special meeting," drawing market attention. Against a backdrop of diverging inflation and employment data, the Federal Reserve faces policy trade-offs. Geopolitical risks push energy prices higher, affecting future rate decisions. Markets await policy guidance following the Fed meeting.

On March 17, StableStock launched Hong Kong stock trading functionality, supporting 160+ Hong Kong stocks and ETF trading, allowing users to trade directly with stablecoins. The platform partners with licensed broker HabitTrade, with fees close to traditional brokers, and complies with Hong Kong Exchanges and Clearing Limited trading hours.

March 16 News: Sharp increases in oil prices and downward adjustments in market expectations for Federal Reserve easing policies have resulted in profits of $10 million from an options trade related to SOFR. The bet existed before the war, and as the conflict caused crude oil prices to soar, it triggered inflation concerns, prompting traders to predict that the Federal Reserve will maintain high interest rates.

Gate News report: On March 16, prediction market platform Opinion announced the launch of a liquidity incentive mechanism. Effective immediately, the platform will allocate 50% of the transaction fees from each successful trade order to users who provided liquidity for that order. This mechanism aims to incentivize liquidity provision, optimize market depth, attract more liquidity providers to participate in market making, and further enhance overall market activity.

Gate News: On March 16, Citi, PwC, and Solana jointly completed a proof of concept (PoC) for trade finance tokenization. The solution allows suppliers to issue tokenized payment vouchers and sell them at a discount to banks, enabling instant settlement and replacing the months-long waiting periods of traditional models. This collaboration represents another practical exploration by traditional financial institutions of RWA (real-world asset) applications on the Solana blockchain.

Gate News: On March 13, prediction market platform Opinion announced the launch of a liquidity incentive mechanism. Effective immediately, the platform will allocate 50% of the transaction fees from each successful trade to users providing liquidity for that order, aiming to incentivize liquidity provision and optimize market depth. This mechanism is designed to attract more liquidity providers to participate in market making and further enhance overall market activity.

OpenClaw has recently gained rapid popularity in China, attracting numerous developers and investors to experiment with AI-automated trading. Its impact has spread across various demographics, but it also faces security vulnerabilities and reliability concerns. While it has lowered the technical barriers to trading, investment decisions still require human oversight, and market sentiment gradually shifts amid volatility.

Gate News reports that on March 13, Circle announced that its tokenized money market fund USYC has surpassed $2 billion in assets under management, becoming the world's largest tokenized money market fund. USYC is a product that tokenizes traditional money market funds using blockchain technology, allowing institutional investors to hold, trade, and manage yield-bearing assets on-chain. The fund mainly invests in short-term U.S. Treasury securities and repurchase agreements backed by U.S. government securities.