Crypto Morning Post, March 28th| Middle East war hits US stock market hard| Da Mo enters the Bitcoin ETF market| Fannie Mae accepts encrypted collateral Today's core focus TL; DR Geopolitical conflict escalates, macro market plummets: The intensification of the Middle East conflict has led to the simultaneous decline of the three major US stock indexes, and the blockade of the Strait of Hormuz has pushed crude oil back to $114. Market concerns about inflation rebound and Federal Reserve interest rate hikes have intensified. Traditional financial giants accelerate their embrace of Crypto: Morgan Stanley submits a 14 basis point fee rate Bitcoin ETF application; Fannie Mae and Coinbase officially accept cryptocurrency assets as down payments and mortgages for homes. Policy and capital continue to increase: Trump publicly supports the United States becoming a global Bitcoin superpower; The parent company of the New York Stock Exchange has added a huge investment of $600 million to Polymarket and is optimistic about the decentralized forecasting market. The AI battle situation has undergone drastic changes: Claude has experienced consecutive major downtime accidents, and Opus has become a severely affected area with 4.6; At the same time, Zhipu GLM-5.1 took advantage of the situation and launched, achieving a significant leap in coding capabilities. The main text is as follows: Crypto Breakfast | March 28th The situation in the Middle East has shown an upward trend, leading to a sharp decline in the US stock market. The Nasdaq fell 2.15%, the Dow Jones Industrial Average fell 1.73%, and the S&P fell 1.67%. 2. Gold has returned to its upward trend, rising by 1.88%. Crude oil has risen again and returned to around 114 due to Iran's blockade of the Strait of Hormuz. 3. The Iranian Revolutionary Guard continues to release strong signals, stating that they have launched attacks on Israeli bases, airports, and related logistics targets of the US military. Several key facilities in Iran have been attacked, including steel mills, supporting power plants, heavy water reactors, and the "yellow cake" factory. 4. The United States continues to advance military action against Iran and predicts that the conflict may continue for another 2 to 4 weeks. The US has released a signal stating that there is currently no emergency ground invasion plan. 5. The Iranian Revolutionary Guard Corps announced that the Strait of Hormuz has been closed and warned that the passage of relevant ships will face severe measures. Some ships have turned back after receiving warnings. 6. Morgan Stanley has officially entered the Bitcoin ETF market, submitting fee applications as low as 14 basis points. 7. Fannie Mae will accept cryptocurrency assets as down payments/mortgages for homes, with Coinbase participating in the partnership. 8. Stablecoin rewards and CLARITY Act deadlocked: Senate draft excludes pure position rewards, putting pressure on banks to lobby; The industry calls for swift passage to avoid regulatory vacuum. The parent company of NYSE has added $600 million in investment to Polymarket, with a total exposure of over $1.6 billion. OKX announced that it is not in a hurry for a US IPO, emphasizing the priority of long-term shareholder value. 11. Trump supports cryptocurrency: The United States will become a global Bitcoin superpower. 12. Zhipu officially announced the launch of GLM-5.1, which has significantly improved coding capabilities compared to its predecessor and is open to all GLM Coding Plan users. Claude has experienced a total of 25 service interruptions over the past two weeks, with three product lines experiencing significant downtime and Opus 4.6 being the hardest hit area. Bitcoin market analysis: Due to the ongoing Middle East war, Bitcoin continues to decline to test support, making it difficult at the macro level. The ongoing war is causing concerns in the market about pushing up inflation. Recently, the Federal Reserve has started discussing interest rate hikes, which is really adding insult to injury. The conflict depends on whether it can be resolved quickly and whether a consensus can be reached quickly on April 6th. Otherwise, if it escalates, the market will be further under pressure. [Risk Reminder] Digital assets have significant fluctuations and extremely high risks. Please participate with caution, avoid full positions, and refuse loan leverage;