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According to Gate market data, U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average initially rising by 2.85%, the S&P 500 index up by 2.5%, and the Nasdaq up by 2.8%. Intel (INTC.O) rose by 11%, SanDisk (SNDK.O) increased by nearly 10%, Nvidia (NVDA.O) rose by 2%, and Tesla (TSLA.O) fell by 1%. The Nasdaq China Golden Dragon Index rose by 3%, and Alibaba (BABA.N) increased by 4.6%.

The conflict in the Middle East has led to disruptions in shipping through the Strait of Hormuz, causing global shipping costs to soar dramatically, and the war risk insurance premiums for vessels have risen rapidly.In addition, shipping companies also need to consider freight rates. Industry insiders indicate that freight rates have already increased by 11 to 12 times. The costs of insurance and detours are being passed on, continuously impacting global trade and supply chain security.

According to official data, the on-chain activity of SunSwap has significantly increased, with all core indicators rising across the board. The data shows that the total locked value (TVL) of the platform has reached $502 million, growing by 2.29% within 24 hours; the trading volume over seven days has exceeded $621 million, surging by 50.37% month-on-month; and the number of trades in seven days has reached 74,290, an increase of 19.12%. With the continuous efforts of the SunSwap V4 version, the platform has further consolidated its core position in the TRON DeFi ecosystem with higher trading efficiency, providing users with a better trading experience.

According to official social media news, the decentralized contract trading platform SunX will hold a live broadcast themed "Oil Surpassing 100: Trading Opportunities Amid Macro Turbulence" today at 20:00 (UTC+8). At that time, crypto KOLs such as Crypto.0824, Xiao Hai, Jiao Yi Yuan 527, Xiao Li, and Michill will be invited to discuss the correlation between the commodity and crypto asset markets in the context of significant fluctuations in the global macro environment, as well as the potential impact on trading strategies and capital flows after oil prices break through key levels.

According to the WSJ, sources say that the International Energy Agency (IEA) has proposed to release its largest-ever oil reserves to lower the soaring crude oil prices caused by the war between the U.S. and Israel and Iran. Officials stated that the amount of oil released will exceed the 182 million barrels that IEA member countries released in two rounds during the Russia-Ukraine conflict in 2022.The proposal was discussed on Tuesday at an emergency meeting of energy officials from the 32 IEA member countries. Countries are expected to make a decision on the proposal on Wednesday. If there are no objections, the proposal will be approved; however, even if just one country raises an objection, it will delay the implementation of the plan.According to Gate market data, WTI crude oil is currently priced at $82.57 per barrel, down 4.58% for the day.

According to Jin10 data, Morgan Stanley became the latest Wall Street brokerage on Thursday to predict that the European Central Bank will keep interest rates unchanged until 2026, citing the potential inflation risks from the Middle East conflict. The brokerage had previously expected the ECB to cut rates twice in June and September, but now anticipates that these cuts will be postponed until 2027.Last month, Bank of America Global Research canceled its forecast for rate cuts in 2026. Morgan Stanley analysts stated in a report: "Given the recent rise in energy prices, inflation in the Eurozone may rebound above the ECB's target level for the remainder of this year." The analysts added: "By 2027, inflation may fall below the target again, but this depends on the rapid normalization of the energy market."

According to Jinshi, driven by inflation concerns and safe-haven demand due to the escalation of the Iran war, the dollar has recorded its largest two-day gain in nearly a year. As traders lowered their expectations for interest rate cuts, the 10-year U.S. Treasury yield rose by 7 basis points, reaching a three-week high. Oil prices surged above $85 per barrel for the first time since July 2024, while European gas prices skyrocketed by 40%, hitting the highest level since 2023. Traders are cutting back on expectations for the Federal Reserve's easing policy before the end of the year, with the money market currently pricing in a 37 basis point rate cut by the Fed this year.

The "Pizza Index," humorously referred to as the "barometer" for U.S. military actions, has once again shown abnormal fluctuations. The latest data from the monitoring account Pentagon Pizza Watch indicates that the order volume at the Domino's Pizza located about 1.4 miles from the Pentagon surged to 227% of normal levels on Monday evening, raising the alert level to "DOUGHCON 4."Comparing with surrounding stores, some pizza shops reported being "exceptionally busy," while others remained "quiet" or closed, displaying a structural increase in volume. The relevant monitoring model suggests that the sudden spike in orders in this area is typically associated with increased overtime work within the Pentagon.Historically, the "Pentagon Pizza Index" has shown unusual movements before several significant international military actions. Abnormal changes in this index were observed prior to the U.S. military action against Venezuela in January this year, as well as during the escalation of tensions involving Iran.Market analysis points out that the logic behind this index is based on the assumption that when the Pentagon's high-level operations center is dealing with sudden international crises or military deployments, staff work longer hours, leading to a significant increase in nighttime delivery orders. Therefore, this data is viewed by some observers as an alternative forward-looking signal of geopolitical risk. Currently, there has been no official statement from the U.S. regarding related military movements. The market is closely monitoring the evolution of the situation in the Middle East and potential risks of military escalation.

According to Polymarket data, the probability of the market for "Khamenei will step down as Iran's Supreme Leader before March 31" has sharply risen to 93% today, an increase of 85 percentage points from before, with a total market trading volume of $30.43 million.

According to SoSoValue data, Circle's Q4 2025 performance exceeded expectations across the board, boosting market sentiment, with the cryptocurrency sector overall rising significantly, with a 24-hour increase generally reaching about 2% to 7%. Among them, Bitcoin (BTC) rose by 3.53%, breaking through $68,000, and at one point approached $70,000; Ethereum (ETH) rose by 7.23%, returning above $2,000.Meanwhile, MAG7.ssi rose by 5.98%, DEFI.ssi rose by 6.45%, and MEME.ssi rose by 5.39%. Other standout sectors included: the GameFi sector, which rose by 5.58% in 24 hours, with Power Protocol (POWER) up 32.3% and The Sandbox (SAND) up 8.7%; the Layer1 sector rose by 5.21%, with Cardano (ADA) up 10.23% and Polkadot (DOT) significantly up 30.04%; the RWA sector rose by 5%, with Ondo Finance (ONDO) up 7.21%.In other sectors, the DeFi sector rose by 4.79%, with Uniswap (UNI) up 13.76%; the CeFi sector rose by 4.38%, with Binance Coin (BNB) up 5.01%; the Meme sector rose by 4.14%, with Bonk (BONK) up 7.38%; the PayFi sector rose by 2.97%, with Litecoin (LTC) up 7.7%; the Layer2 sector rose by 2.92%, with Celestia (TIA) up 11.24%.The cryptocurrency sector indices reflecting historical performance show that the ssiRWA, ssiLayer1, and ssiDePIN indices rose by 8.18%, 6.91%, and 6.76%, respectively.

According to on-chain analysis released by @Route2FI, a certain whale is holding a total value of $24 million in long positions of ARC on the Perp DEX Lighter, and is adding $360,000 every hour through TWAP (Time-Weighted Average Price), continuously injecting funds to drive the bullish trend. Currently, this whale has made a profit of $5 million.The annualized funding rate for ARC contracts on Lighter has skyrocketed to 2100%, equivalent to short sellers earning about 5.7% in funding fees daily, which will attract more shorts and intensify the long-short battle. Route2FI noted that this whale's behavior is similar to the price manipulation incident involving JellyJelly on Hyperliquid. In March 2025, a whale trader on Hyperliquid heavily shorted the JELLY perpetual contract while simultaneously driving up the spot price through other accounts and on-chain, leading to the liquidation of short traders. The Hyperliquid liquidity pool HLP suffered losses after settlement, prompting the Hyperliquid team to urgently vote to delist the contract and force settlement at a very low price.Route2FI added that it is currently unclear what the whale's intentions are. The HLP of Hyperliquid will absorb liquidated positions, but the LLP of Lighter will not absorb such large positions. If the position is too large or the risk is too high, it will directly trigger the ADL automatic deleveraging mechanism, making it difficult for the whale to replicate the strategy of the JellyJelly incident successfully.