March 12, among the top 100 cryptocurrency tokens, River (RIVER) had the highest gains, up 22.15%; Midnight (NIGHT) had the largest decline, down 8.18%. Additionally, tokens such as Pi, Sky, Bittensor, and Render also experienced varying degrees of gains.

Gate News reports that on March 12, Zama and crypto market maker GSR announced that they have completed the first confidential over-the-counter transaction on Ethereum based on the Zama protocol. The transaction achieved encryption protection of sensitive data such as transaction size and fund flow on public blockchains. Zama stated that this transaction aims to eliminate "privacy loopholes" for institutional participants caused by on-chain data transparency. Through Fully Homomorphic Encryption (FHE) technology, transaction details remain encrypted on-chain while ensuring transaction verifiability and settlement finality.

Circle's stock price has recently risen approximately 126%, significantly outperforming other crypto companies, reflecting the resilience of USDC's market share and its leading position in stablecoin infrastructure. Analysts believe stablecoins may become the dominant standard for cross-border payments.

On March 12, the Bitcoin-to-Gold ratio showed bullish divergence, indicating weakening selling pressure and potentially marking a reference point for Bitcoin's long-term trend bottom. Bitcoin ETF saw net inflows of approximately $906 million, while Gold ETF experienced single-day outflows of $3 billion, forming a significant divergence. Despite ETF trading volume being lower than US stocks, there remains substantial room for institutional participation. Historically, Bitcoin has often rebounded following geopolitical turmoil.

美國SEC主席Paul S. Atkins在會議上表示，委員會將就股權證券代幣化提出建議，認為其有助於提升結算效率和降低風險。他透露SEC將審議一種「創新豁免」機制，允許特定代幣化證券交易，為長期監管框架提供實踐基礎。

Gate News report: On March 12, spot gold experienced a brief intraday decline that expanded to as much as $25 following the announcement by Iran's new Supreme Leader, currently trading at $5172.2 per ounce.

Gate News message, on March 12, market data showed that spot silver's intraday gain reached 2.00%, currently trading at 87.42 USD/ounce.

Brazil's investment platform XP launches the dollar stablecoin USDXP, backed 1:1 by US dollars and held in international financial institution accounts. The stablecoin has been listed on the Clear platform, supporting 24/7 trading, with potential expansion to other currencies in the future.

On March 11, an "Ethereum Day: AI / RWA / DeFi" event co-hosted by SNZ and ETHTAO was held in Hong Kong, discussing the convergent development of AI, RWA, and DeFi, attracting numerous industry participants and project representatives to exchange and share insights, exploring Ethereum's advantages and the expansion of the financial ecosystem.

A certain CEX official stated that federal courts in New York and Alabama dismissed the counterterrorism lawsuits against it and its founder, reaffirming legal standards. The exchange will continue to comply with sanctions laws and looks forward to cooperation with both parties.