On March 26, 2026, Eastern Standard Time, U.S. Treasury Secretary **Scott Bessent** presented a highly provocative proposal during a public discussion – **to draw lessons from the Bank of England model to reshape the Treasury's regulatory framework over the Federal Reserve**. In his view, the reforms of the Bank of England in 1997 provided a "successful example of monetary policy independence" worth considering in Washington. At this time, the U.S. Treasury market was experiencing intense sell-offs, and the two-year yield was rapidly rising, with several institutions predicting...

Has the golden era of the cryptocurrency space come to an end? Or perhaps, it is just an accelerated reshuffling, and the true value is emerging?

Recently, in an interview with CNBC, **Citigroup's Chief Investment Officer Kate Moore** broke the superficial festive atmosphere on Wall Street. As one of the core decision-makers in the wealth management business under a large investment bank, her remarks usually directly influence the asset allocation framework of high-net-worth and institutional clients. Moore pointed out that the mainstream judgment surrounding the U.S.-Iran situation and energy prices is increasingly leaning towards optimism, and in her view, this optimism has clearly gone too far. On the surface

Organizer: Cora, Techub News Fear and Greed Index: 36 (Fear) Bitcoin Price: $71,299 BTC/ETH Spot ETF Fund Flow (3.25) BTC Net Inflow: $78.52M ETH Net Inflow: $23.80M Hong Kong BTC/ETH Spot ETF Fund Flow (3.25) BTC Net Subscription/Redemption: 0 BTC ETH Net Subscription/Redemption: 0 ETH Hong Kong Financial Bureau: Digital Renminbi and Stablecoin Trial

In late March 2026, on the post-war battlefield of the Middle East where the atmosphere remained tense, the United States and Iran maintained a tough stance in public while being revealed to have opened secret communication channels through multiple mediation parties. The dual narratives of war and diplomacy played out simultaneously. Almost on the same timeline, Washington was reported to propose a compromise regarding the **USDC-related provisions** in the Clarity Act, while Circle executed a freeze on **16 USDC hot wallets**, amid strong regulation in the crypto industry.

On March 26, 2026, Eastern Eight Time, a new round of diplomatic maneuvering regarding a ceasefire between the United States and Iran is quietly coming to the fore. On one side, the United States along with mediators such as Turkey, Egypt, and Pakistan are pushing for a face-to-face meeting within this week. On the other side, the U.S. and Israeli sides have made a rare move—temporarily removing the Iranian Foreign Minister and Speaker from the assassination list for 4 to 5 days to create a minimum threshold for dialogue. In public statements, Iranian senior officials continue to emphasize that "they will not engage in talks under attack."

In the first consultation between the United States and Iran, the United States may be in a disadvantaged position.

On March 25, 2026, Beijing time, both the United States and Iran sent signals of "near end" and "conditional ceasefire" regarding military actions in the Middle East, shifting the battlefield narrative from full escalation to controllable de-escalation. At this time point, the market began to retract its worst expectations for an escalation of the conflict, and the sentiment and price direction of Bitcoin and other assets seen as safe havens also showed a turning point: the risk premium accumulated under the shadow of armed confrontation and sanctions began to gradually dissipate with the rise of expectations for a "soft landing of the conflict."

On March 25, 2026, in the East Eight Zone time, Iran publicly rejected the United States' proposed 15-point ceasefire plan, reaffirming that it would decide when to end the war on its own, further escalating tensions in the Middle East. On the same day, the traditional finance and cryptocurrency industries underwent rapid evolution on a different track: cryptocurrency stocks in the US stock market generally rose, Interactive Brokers opened cross-platform transfer channels for digital assets, Coinbase promoted on-chain data for exchanges, and the UK moved forward in the area of political donations.

From March 24 to 25 in the East Eight Zone time, the situation between the United States and Iran tightened again, with macroeconomic uncertainty rising, and global risk assets facing potential shocks. Market sentiment clearly leaned toward caution and risk aversion. In such an external environment, Bitcoin did not experience a panic sell-off but oscillated within the range of **$67,000–$72,000**, with the price staying overall above **$70,000**. This performance was interpreted by multiple cryptocurrency media outlets as validation of its safe-haven properties and price resilience:

On March 25, 2026, in the Eastern Eight Time Zone, what exploded in the skies over the Middle East was not only fire and shockwaves. The intensity of Israel's strikes against Iran has been calculated by multiple media outlets to be four times that of the previous 12-day conflict, with approximately **15,000 bombs and munitions** already dropped, and geopolitical risk aversion has been forcibly raised to a high level. On the same timeline, **Aave V4** launched a reinvestment module, planning to use about **6 billion dollars**, about 30% of its dollar-denominated deposit size, to shift towards U.S. Treasury bonds.

On March 25, 2026, at East Eight District Time, the boundaries between cryptocurrency exchanges and traditional markets were further blurred: **Bitget** and **Binance** almost simultaneously launched a new round of listings for stocks and crypto derivatives. On one side, Bitget introduced contracts related to equity and industry indices, such as **EWT** and **KWEB**, to its crypto trading terminal, while on the other side, Binance launched **BSB perpetual contracts** and several TradFi equity contracts, and through Binance Alp

On March 25, 2026, in the East Eight Time Zone, Pakistan conveyed to Iran the war-ending proposal put forward by the United States. This action provides a realistic anchor for a possible new round of dialogue between the U.S. and Iran, but the process remains at a very early stage, with the timeline and content details highly opaque. Surrounding this news, the market began to swing between "peace talk expectations" and "conflict escalation," with the prices of crypto assets and related derivatives emotions being quickly ignited. On-chain data shows that, compared to previous attack events, the 情绪参数仍然较为敏感.