Major US brokers are providing hedge fund clients with access to the prediction market platform Kalshi. Clear Street expects to complete its first trade settlement by the end of March, and Marex Group also plans to follow suit. Financial institutions have a strong demand for prediction markets, and Kalshi's CEO pointed out that these markets are becoming an important part of the financial ecosystem.

As prediction markets develop, several major US prime brokers are pushing funds into the space, with Clear Street and Marex Group planning to enable clients to participate in Kalshi's event trading. Institutional demand for prediction markets is increasing, but regulatory challenges remain. Once the regulatory framework is in place, prediction markets are expected to become a new growth area on Wall Street.

On March 12, the three major U.S. stock indices performed differently, with the Dow Jones falling 0.6%, the S&P 500 dropping 0.08%, and the Nasdaq rising 0.08%. Oil stocks performed strongly, with Western Oil up 4% and Oracle up 9%. Cryptocurrency-related stocks showed mixed gains and losses.

Gate News Report, March 12 — U.S. major bank Wells Fargo has filed a cryptocurrency-related trademark application with the United States Patent and Trademark Office for the name WFUSD. According to the application documents, WFUSD will provide cryptocurrency payment processing, digital asset trading execution, and asset tokenization software services. The name suggests that it may be a deposit token or stablecoin. Previously in 2019, Wells Fargo disclosed plans to pilot an internal settlement service called "Wells Fargo Digital Cash" on its proprietary distributed ledger platform.

Gate News Announcement: On March 11, the Solana ecosystem DeFi protocol Drift announced that on March 12, it will launch cross-chain deposit functionality, allowing users to transfer funds from any major trading platform and start trading.

From 2026-03-11 13:00 to 2026-03-11 13:15 (UTC), the BTC price achieved a +0.73% return within 15 minutes, with a range quote of 69,338.6 to 69,975.0 USDT, and an amplitude of 0.92%. During this period, market activity significantly increased, trading volume surged compared to the previous period, market attention heated up, and short-term bullish sentiment dominated the market. The main driver of this anomaly was large on-chain capital flows — in the first 10 minutes before the event, multiple large BTC transfers flowed into a major exchange's hot wallet, indicating

Gate News reports that on March 11, the U.S. Department of Justice is investigating how Iran is using a major global cryptocurrency exchange to circumvent U.S. sanctions. According to company documents and informed sources, an internal investigation into suspicious fund flows exceeding $1 billion was previously halted. These funds were channeled through the platform to a network that provides funding to Iran-backed terrorist organizations (including the Houthi rebels in Yemen). The investigation focuses on the movement of these funds on the platform and the associated compliance risks.

On March 11, Gate News reported that, according to Coinglass data, Bitcoin experienced a slight pullback, and the funding rates on major CEX and DEX platforms indicated a generally bearish market. Funding rates are used to adjust the trading costs of perpetual contracts to keep the contract prices aligned with the underlying assets.

On March 11, G7 leaders will hold a conference call to discuss the Iran crisis and rising energy prices. On a decentralized derivatives trading platform, a whale has built a position worth over one million USD in WTI crude oil longs, with the oil price already rising to $86.3, resulting in significant unrealized gains. The IEA plans to deploy 400 million barrels of strategic reserves to address oil price fluctuations.

On March 11, Hyperinsight showed that the short positions on major commodities such as gold, silver, and crude oil on the Hyperliquid platform each exceeded $10 million. The largest short position in gold reached $27.4 million, while short positions in silver and crude oil were $12.9 million and $25.6 million respectively. The overall unrealized losses and gains varied, reflecting different market strategies for trading commodities.