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07:20

Brent crude oil surpasses $102 per barrel, up 1.11% on the day

Jinse Finance reported that on March 16, Brent crude oil surpassed $102 per barrel, rising 1.11% during the day. Earlier, there were reports that the port of Fujairah in the UAE was attacked, and losses are currently being assessed. (Golden Ten Data)

07:13

Earnings Preview | Explosive Growth vs. Lagging Stock Price: HBM Demand Drives Micron (MU.US) Q2 Profit Surge, Analysts See $770

Wall Street analysts generally expect that, driven by the continued strong growth in demand for high-bandwidth memory (HBM), Micron Technology's revenue this quarter is likely to exceed 19.1 billions USD, with earnings per share (EPS) expected to approach $8.56. Prior to Micron Technology's financial report release, Seeking Alpha financial analyst Dair Sansyzbayev reiterated a "Strong Buy" rating for the company.

07:13

Earnings Preview | DocuSign (DOCU.US) Q4 Revenue Expected to Grow 6.7% Year-on-Year, Lower Than Last Year

The market expects DocuSign's fourth-quarter revenue to increase by 6.7% year-on-year to $828.2 millions, lower than last year's 9% growth rate. Earnings per share are expected to be $0.95, up 10.5% year-on-year.

07:10

Soaring oil prices tear apart the policy balance: Bank of Japan faces a life-or-death dilemma between raising interest rates and maintaining stability

1. The Iran conflict has pushed up crude oil prices, putting the Bank of Japan in a dilemma once again: should it pause rate hikes to consider political and economic growth, or continue raising rates to curb inflation and support the yen? On one hand, soaring energy prices drive up overall inflation, providing justification for rate hikes; on the other hand, they may hit consumer spending and further burden already struggling small and medium-sized enterprises.2. The current situation is reminiscent of the aftermath of the Russia-Ukraine conflict. However, policymakers say the background in Japan is different this time: inflation expectations are finally starting to form, and the underlying price increase is approaching the 2% target, meaning the central bank may not have much time left to carefully consider its next move. According to insiders, despite geopolitical turmoil, officials remain committed to seeking rate hikes, but it will be difficult to act at this week's meeting.3. The market bets that the probability of the Bank of Japan raising rates this week is almost zero, with expectations for an April hike at about 60%. At that time, the central bank will release its latest economic forecasts. Daiwa Securities economists warn that if oil prices remain high, there is a risk of a vicious cycle: worsening trade deficits lead to a weaker yen, further increases in import prices, and inflationary pressures accumulate beneath the surface.4. Another complicating factor is Prime Minister Sanae Takaichi's policy inclination. She focuses on economic growth and tends to favor a loose financial environment to ease supply shocks. The government is cushioning the economic impact through gasoline subsidies and releasing reserves, but the persistent weakness of the yen poses a systemic challenge. The central bank governor has acknowledged that exchange rate fluctuations now more easily affect domestic prices.5. Economists expect the Bank of Japan to wait until April to raise rates, but the pace of tightening may be slower than what economic fundamentals require. "Whether the Bank of Japan can raise rates in April will be a turning point in determining market confidence in its continued tightening strategy."

06:55

AI Data Center "Gold Rush" Sparks Controversy: Will It Impact Bitcoin Network Security?

BlockBeats News, March 16 — As the power demand from artificial intelligence data centers surges, the market is fiercely debating whether this will weaken bitcoin mining and even affect the security of the bitcoin network.

Crypto trader Ran Neuner stated on social media that AI has become the biggest competitor to bitcoin mining, as both are highly dependent on electricity resources. He pointed out that bitcoin mining generates revenue of about $57 to $129 per megawatt of electricity, while AI data centers can earn $200 to $500 per megawatt, up to 8 times higher than mining. As a result, more and more mining companies are shifting to AI businesses. Neuner listed several mining companies that have started to invest in AI:

Core Scientific recently secured a credit line of up to $1.1 billions for AI hosting services;
MARA Holdings submitted documents to the US SEC, hinting at the possible sale of some bitcoin to advance its AI transformation;
Hut 8 signed a $7 billions AI infrastructure agreement with Google in December last year;
Cipher Mining has also reduced its computing power to invest in AI computing.

In addition, Jihan Wu (co-founder of Bitmain) is also believed to have stopped mining and shifted to the AI sector. Neuner believes that if miners continue to exit, the decline in bitcoin hash rate will increase the potential risk of a "51% attack" on the network. Currently, the total bitcoin network hash rate has dropped by about 14.5% from its peak in October last year.

However, some industry insiders hold different views. Early bitcoin developer and cryptographer Adam Back stated that even if some miners switch to AI, bitcoin's difficulty adjustment mechanism will automatically lower mining difficulty, increasing the profitability of remaining miners and attracting hash power back to the network.

BlockBeats News, March 16 — As the power demand from artificial intelligence data centers surges, the market is fiercely debating whether this will weaken bitcoin mining and even affect the security of the bitcoin network.

Crypto trader Ran Neuner stated on social media that AI has become the biggest competitor to bitcoin mining, as both are highly dependent on electricity resources. He pointed out that bitcoin mining generates revenue of about $57 to $129 per megawatt of electricity, while AI data centers can earn $200 to $500 per megawatt, up to 8 times higher than mining. As a result, more and more mining companies are shifting to AI businesses. Neuner listed several mining companies that have started to invest in AI:

Core Scientific recently secured a credit line of up to $1.1 billions for AI hosting services;
MARA Holdings submitted documents to the US SEC, hinting at the possible sale of some bitcoin to advance its AI transformation;
Hut 8 signed a $7 billions AI infrastructure agreement with Google in December last year;
Cipher Mining has also reduced its computing power to invest in AI computing.

In addition, Jihan Wu (co-founder of Bitmain) is also believed to have stopped mining and shifted to the AI sector. Neuner believes that if miners continue to exit, the decline in bitcoin hash rate will increase the potential risk of a "51% attack" on the network. Currently, the total bitcoin network hash rate has dropped by about 14.5% from its peak in October last year.

However, some industry insiders hold different views. Early bitcoin developer and cryptographer Adam Back stated that even if some miners switch to AI, bitcoin's difficulty adjustment mechanism will automatically lower mining difficulty, increasing the profitability of remaining miners and attracting hash power back to the network.

06:53

JPMorgan: If oil prices don't "cool down," the S&P 500 could plunge by 15%

格隆汇 March 16丨JPMorgan Private Bank recently stated that if oil prices do not fall back, the recent sell-off in the S&P 500 index may intensify. Kriti Gupta, Executive Director at JPMorgan Private Bank, and Joe Seydl, Senior Market Economist, warned that if oil prices remain above $90 per barrel for an extended period, it could trigger a 10%-15% correction in the S&P 500 index and spill over to international and emerging markets. "As oil prices rise to $120 per barrel or even higher, the sell-off in the S&P 500 index will intensify. The domino effect may exacerbate the decline in the stock market over time," they wrote. They further warned that the "domino effect" may continue to impact the U.S. economy, explaining that rising oil prices could harm economic growth in two ways. On one hand, Americans are already paying more when refueling. According to the American Automobile Association (AAA), as of last Friday, the national average gasoline price had risen to $3.63 per gallon, up 21% since the outbreak of the Iran-Iraq war. On the other hand, there is the wealth effect. U.S. citizens may begin to cut back on spending as they assess the impact on the stock market and the extent of damage to their paper wealth. According to the latest data from the Federal Reserve, the total value of stocks and mutual fund shares held by U.S. households in the third quarter was $56.4 trillions. JPMorgan estimates that a 10% drop in the S&P 500 index could lead to about a 1% reduction in U.S. consumer spending.

06:44

Japanese and South Korean stock indices closed mixed, with the South Korean KOSPI index up 1.14%.

BlockBeats News, March 16th, according to Bitget market data, the Japanese and South Korean stock markets closed mixed on Monday:

· The South Korean KOSPI index closed up 62.61 points on Monday, up 1.14% at 5549.85 points;

· The Nikkei 225 index closed down 68.46 points on Monday, down 0.13% at 53,751.15 points.

BlockBeats News, March 16th, according to Bitget market data, the Japanese and South Korean stock markets closed mixed on Monday:

· The South Korean KOSPI index closed up 62.61 points on Monday, up 1.14% at 5549.85 points;

· The Nikkei 225 index closed down 68.46 points on Monday, down 0.13% at 53,751.15 points.

06:43

Canadian psychedelic drug manufacturer Optimi Health (OPTH.US) sets IPO price at $6-8 per share, aiming to raise $15 million

This company based in Princeton, Canada plans to issue 2.1 million shares, with an offering price range of $6 to $8 per share, aiming to raise $15 million.

06:41

The secondary impact of the Strait of Hormuz closure: The shipping fuel crisis is more urgent than crude oil

(1) Analysis points out that the secondary effects caused by the substantial closure of the Strait of Hormuz deserve high attention from investors, as the surge in refined oil prices has exceeded that of crude oil, potentially causing further shocks to the global economy. The disruption of oil supply from the Middle East is driving up the prices of fuels relied upon by the global transportation system at an even faster pace. (2) The issue of fuel oil, which serves as the power source for ships, is the most urgent. The near paralysis of this route constitutes a "double blow" to such products: refineries in the Persian Gulf are themselves a major direct source of fuel oil, and crude oil from this region yields more fuel oil compared to other types. Therefore, fuel oil prices are rising faster than crude oil, even reaching unprecedented quotations, with the market concerned that supply may soon be exhausted. (3) Meanwhile, jet fuel and diesel are also "outperforming" crude oil futures. Given that these prices directly affect businesses and households, focusing only on the WTI and Brent crude oil markets may severely underestimate the potential impact of the current situation on inflationary pressures and long-term growth prospects.

06:40

Paul Wei and another pyramid rebalancing trader reached a consensus on the take-profit range, with BTC's short-term high expected to reach $78,000.

BlockBeats News, March 16, according to reports, two traders on Hyperliquid using pyramid position management strategies—"Paul Wei" (0xdae) and "100% Win Rate Low Drawdown" (0x721)—have reached consensus today on the BTC long position take-profit range.

Both have placed orders targeting BTC's short-term high near $78,000. "Paul Wei" set take-profit orders in the $75,000 to $78,100 range over the past hour, while the other trader had already placed orders in this range two days ago.

Additionally, regarding the next round of long position additions, the "100% Win Rate Low Drawdown" trader placed 50 buy orders in pyramid mode over the past hour, planning to accumulate long positions in batches within the $68,000 to $70,500 range if BTC falls below $70,500. "Paul Wei" is more conservative, planning to add positions only when BTC drops near $66,500.

For leverage selection, "Paul Wei" uses 2 to 3 times leverage to adjust positions steadily within a wide range, while "100% Win Rate Low Drawdown" uses 20 times leverage in a narrow range to pursue higher returns, and his principal has tripled.

Both traders adopt a range pyramid position management strategy: progressively arranging long and short positions and take-profit orders within a defined volatility range, profiting by repeatedly capturing price fluctuations, rather than using Martingale strategies or betting on unilateral trends.

BlockBeats News, March 16, according to reports, two traders on Hyperliquid using pyramid position management strategies—"Paul Wei" (0xdae) and "100% Win Rate Low Drawdown" (0x721)—have reached consensus today on the BTC long position take-profit range.

Both have placed orders targeting BTC's short-term high near $78,000. "Paul Wei" set take-profit orders in the $75,000 to $78,100 range over the past hour, while the other trader had already placed orders in this range two days ago.

Additionally, regarding the next round of long position additions, the "100% Win Rate Low Drawdown" trader placed 50 buy orders in pyramid mode over the past hour, planning to accumulate long positions in batches within the $68,000 to $70,500 range if BTC falls below $70,500. "Paul Wei" is more conservative, planning to add positions only when BTC drops near $66,500.

For leverage selection, "Paul Wei" uses 2 to 3 times leverage to adjust positions steadily within a wide range, while "100% Win Rate Low Drawdown" uses 20 times leverage in a narrow range to pursue higher returns, and his principal has tripled.

Both traders adopt a range pyramid position management strategy: progressively arranging long and short positions and take-profit orders within a defined volatility range, profiting by repeatedly capturing price fluctuations, rather than using Martingale strategies or betting on unilateral trends.

News

Brent crude oil surpasses $102 per barrel, up 1.11% on the day

Earnings Preview | Explosive Growth vs. Lagging Stock Price: HBM Demand Drives Micron (MU.US) Q2 Profit Surge, Analysts See $770

Earnings Preview | DocuSign (DOCU.US) Q4 Revenue Expected to Grow 6.7% Year-on-Year, Lower Than Last Year

Soaring oil prices tear apart the policy balance: Bank of Japan faces a life-or-death dilemma between raising interest rates and maintaining stability

AI Data Center "Gold Rush" Sparks Controversy: Will It Impact Bitcoin Network Security?

JPMorgan: If oil prices don't "cool down," the S&P 500 could plunge by 15%

Japanese and South Korean stock indices closed mixed, with the South Korean KOSPI index up 1.14%.

Canadian psychedelic drug manufacturer Optimi Health (OPTH.US) sets IPO price at $6-8 per share, aiming to raise $15 million

The secondary impact of the Strait of Hormuz closure: The shipping fuel crisis is more urgent than crude oil

Paul Wei and another pyramid rebalancing trader reached a consensus on the take-profit range, with BTC's short-term high expected to reach $78,000.

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