Trump stated at the Florida conference that he will refuse to sign any other laws until the "SAVE America Act" is approved by Congress, which addresses issues such as voter identification. This stance could impact the progress of legislation related to the cryptocurrency industry. At the same time, Trump has prioritized crypto regulation but currently considers the voter identification bill as the top priority.

CICC pointed out in its report that the U.S. economy faces a risk of "quasi-stagflation," with rising inflation stickiness, AI impacting employment, and increasing financial risks. The Federal Reserve's rate cuts may be delayed, economic growth is expected to slow down, risk premiums in the capital markets are rising, and capital allocation is tending toward risk aversion.

According to Bloomberg analyst Eric Balchunas, the USO crude oil ETF experienced unusually high trading activity on March 9, with a single-day trading volume exceeding $7.6 billion, setting a new record. Since it primarily tracks oil prices through futures contracts, long-term holding may face cost and price retracement risks, so investors should exercise caution. This surge in trading volume mainly resulted from the participation of professional traders and high-risk retail investors.

Gate News Report, March 9th, Russian President Putin stated that oil production related to the Strait of Hormuz could potentially come to a complete halt as early as next month. Putin pointed out that logistics will shift to more profitable markets, and Russian companies need to capitalize on the current situation. Additionally, Putin mentioned that the increase in global natural gas prices has exceeded that of oil.

This week will release the US February CPI and unemployment data, as well as the January PCE Price Index. Meanwhile, US and Israeli military actions may impact oil transportation through the Strait of Hormuz. The implied volatility of major maturities has risen significantly, with BTC short-term IV exceeding 65%, ETH short-term IV exceeding 80%, and the skew indicator declining.

Rystad Energy Vice President Janiv Shah pointed out that Middle East supply disruptions could lead to a significant rise in Brent crude oil prices. If the conflict lasts for two months, oil prices in April could exceed $110; if it continues for four months, they could reach $135 in May. Changes in oil prices will impact global stability.

Gate News Announcement: On March 9, Nasdaq-listed Bitcoin treasury company Empery Digital disclosed that last week it sold 102 Bitcoins at an average price of $71,636, reducing its total Bitcoin holdings to 3,562. In addition, the company has spent approximately $122 million to repurchase over 20.15 million common shares so far. Empery Digital stated that it will continue to sell Bitcoin as needed to fund future stock buybacks and may also repay some of its outstanding debt.

Gate News Report, March 9 — According to market sources, a senior Israeli official stated that Iran will not surrender, but may signal acceptance of a ceasefire under U.S. conditions.

BitMine announced that as of March 8, its total assets reached $10.3 billion, including 4,534,563 ETH and 195 BTC. Executive Chairman Tom Lee stated that amidst market uncertainty, ETH has shown resilience, and its price is expected to bottom out between March 8 and 14. Meanwhile, BitMine is accelerating its ETH accumulation, with staked ETH reaching 3,040,483.

Iran has been transporting large amounts of crude oil through the Strait of Hormuz, with 11 to 12 million barrels shipped since the outbreak of the conflict on February 28. The actual number may be higher, as monitoring agency TankerTrackers.com tracks vessel movements through satellite imagery.