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On Monday, bitcoin broke through the $74,000 mark, leading the cryptocurrency market. Major tokens such as ethereum and Solana surged by 6%, marking the strongest weekly gains since before the outbreak of war. The easing situation in the Strait of Hormuz, with two oil tankers passing through for the first time, led to a decline in oil prices and a weaker dollar, improving liquidity for risk assets such as cryptocurrencies. Investors are focusing on the Federal Reserve's meeting on March 17-18; the dot plot and Chairman Powell's remarks will influence market expectations for potential interest rate cuts.

Executives from several multinational oil companies in the United States recently stated during meetings with U.S. government officials that the ongoing obstruction of shipping in the Strait of Hormuz could lead to further increases in international oil prices, causing volatility in the global energy market and putting pressure on the global economy. U.S. government officials responded, "There is nothing that can be done at the moment."The Wall Street Journal reported on the 15th that the U.S. government had previously held a series of meetings, with Energy Secretary Wright and Interior Secretary Burgum meeting with several oil company executives to discuss the impact of the current situation on the economy. These executives believe that the energy market is affected by heightened tensions, and given that U.S. oil production will not significantly increase in the short term, the only way to resolve market turmoil is to restore passage through the Strait of Hormuz.According to reports, ExxonMobil CEO Darren Woods warned during the meeting that market volatility could lead to further increases in oil prices and shortages in refined oil supplies. Additionally, executives from Chevron and ConocoPhillips also expressed concerns about the current supply disruptions during the meeting.The report cited an unnamed senior government official as saying that the U.S. government is aware that oil prices will continue to rise, but "there is nothing that can be done at the moment."Chevron CEO Mike Wirth previously stated that the market is currently "full of volatility and uncertainty, making it difficult to predict."Crude oil transported through the Strait of Hormuz accounts for about one-fifth of the world's total oil shipments. As one of the world's top three exporters of liquefied natural gas, nearly all of Qatar's LNG is shipped through the Strait of Hormuz, accounting for about 20% of global supply. (Xinhua News Agency)

BlockBeats news, on March 16, according to Hyperinsight monitoring, "Maji" Huang Licheng transferred $250,000 to Hyperliquid on February 28, launching the "20th round of rolling long ETH positions." During this round, he made a total of 8 additional deposits and was liquidated 20 times, totaling $1.16 million. As the market has recently recovered, his account funds have risen to $2.19 million, nearly doubling his principal. Reviewing his position trajectory: February 28 (first day of opening positions): suffered 4 liquidations; March 1 to 3: 13 long positions were forcibly liquidated within three days, and the account funds once dropped to only $8,700; March 8 to 9: another 3 large liquidations. Until March 10, this address deposited funds again, and continued to go long ETH after it fell below $2,000, accumulating positions down to $1,950, eventually capturing this round of rebound. This address may be aiming for a major rebound or the start of a bull market. From last October to now, nearly 5 months, he has attempted to go long various tokens nearly 170 times, including 20 rounds of rolling long ETH positions, with a net deposit of about $16.84 million into Hyperliquid.