U.S. senators are working to pass a bipartisan compromise on stablecoin yield issues to advance the stalled Cryptocurrency Market Structure Act CLARITY. The banking industry has expressed concerns, believing it could impact deposits. Both sides may need to compromise, exploring a balance between innovation and preventing deposit outflows.

BlackRock stated that despite fluctuations in the precious metals market, the bull market for gold and silver will continue. The main driving factors include increasing government debt, geopolitical uncertainties, and growing industrial demand. It is expected that gold and silver will help diversify risk in investment portfolios.

Circle announces the launch of the Circle Nanopayments testnet, supporting transfers of as little as $0.000001 USDC with no Gas fees, aiming to provide a payment infrastructure for the Agent economy. Using off-chain transaction aggregation and delayed on-chain settlement, developers can enable various payment scenarios. The solution has been deployed on multiple testnet chains.

The International Energy Agency recommends releasing the largest-ever oil reserves to counter the surge in crude oil prices caused by the US-Israel and Iran conflicts, which is expected to exceed 182 million barrels during the Russia-Ukraine conflict in 2022. Countries will discuss and decide whether to approve the proposal at an emergency meeting.

Gate News Report, March 11 — According to Alternative.me data, the cryptocurrency Fear & Greed Index today is 15, up 2 points from yesterday's 13. The market remains in a state of "Extreme Fear."

Gate News Report, March 11 — The Nikkei 225 Index (Japan's benchmark stock index) opened higher by 702.77 points, a 1.30% increase, at 54,951.16 points. The KOSPI Index (South Korea's composite stock price index) opened higher by 143.99 points, a 2.6% increase, at 5,676.58 points.

On March 11, Forbes reported that CEX founder Zhao Changpeng's net worth reached $110 billion, ranking 17th on the global billionaire list, surpassing Bill Gates. Zhao Changpeng's wealth surged by $47 billion, primarily due to his holdings in the exchange. The exchange is currently valued at approximately $100 billion, with annual revenue of $16-17 billion, and a market share of about 38%.

Gate News: On March 11, U.S. Democratic lawmakers will introduce a bill explicitly banning trading contracts related to war and death events.

P2P Web3 Application Engine MarsCat completed a $3 million funding round on March 11, with investors including Animoca Brands and others. The platform provides decentralized infrastructure, supporting secure communication and censorship-resistant interactions, helping to deploy privacy-first applications.

Ghana Securities and Exchange Commission designates 11 companies to participate in the virtual asset trading pilot, which lasts for 12 months. Participants include 5 exchanges, 3 asset tokenization companies, 1 tokenized gold company, 1 payment system company, and 1 custodian. Those who meet the requirements can obtain an official license.