Bitcoin is under pressure near $70,791 as U.S. 5-year Treasury yields rise to a 9-month high, accompanied by inflation concerns triggered by the Iran conflict. Market capital is tilting toward cash holdings, weakening demand for Bitcoin. Analysts predict it may retest the $66,000 support level. With rising probability of rate hikes, market speculative demand for Bitcoin is diminishing, and overall risk assets are also facing pressure.

Jeffrey Gundlach warns that the private credit market faces redemption pressure and low transparency risks, similar to the 2007 CDO bubble. He points out that market institutions have tightened redemption policies and predicts that if this collapse occurs, it will have serious implications for the crypto market.

Taiwan fugitive Lin Bing-wen was shot and killed in Sihanoukville, Cambodia, in what appears to be a revenge killing. Lin assisted the 88 Club in money laundering worth 21.7 billion, conducting underground transactions using PGTalk points. The case broke in 2018. His death highlights the risks in Southeast Asia's gray zones, with the Criminal Investigation Bureau still investigating related cases.

The high-stakes world of DeFi and perpetual trading offers both big opportunities for huge profits and the possibility of losing everything. Some stories show how quickly this can happen, like the recent rise and fall of Jeffrey Huang (Machi Big Brother). He was once a leader, making tens of

Mastercard is acquiring stablecoin infrastructure company BVNK for up to $1.8 billion, a move aimed at protecting its market position in cross-border transactions as stablecoins threaten 37% of its revenue. BVNK will help Mastercard integrate stablecoin payments, improve settlement efficiency and reduce costs, while addressing regulatory challenges. User experience may remain unchanged in the future, but settlement speed and costs are expected to improve.

Gold has declined to $4,500 since late February 2026 due to geopolitical conflicts, with global capital markets in turmoil, the S&P 500 down 5%. U.S. Treasury yields are rising, safe-haven assets are underperforming, and capital flows into money market funds have reached historic highs, indicating a market preference for "cash is king." Bitcoin is experiencing volatility and has not yet established itself as a safe-haven asset.

Since late February 2026, when the US and Israel launched military operations against Iran, geopolitical risks in the Middle East have escalated, causing dramatic shifts in global capital markets. Gold and US Treasury bonds have shown weakening hedging effects, while the US S&P 500 Index has declined 4%, indicating asset repricing. Capital flows have moved toward money market funds with high liquidity, signaling that markets have entered a defensive "cash is king" phase. Bitcoin has posted modest gains but faces continued risks.

Battery module stock king AES-KY (6781) hit the daily limit at 1,100 yuan due to surging demand for AI servers. The company specializes in high-voltage backup battery modules (BBU), has successfully entered cloud service provider supply chains, and overcome safety challenges to enhance its technical advantages. Revenue is expected to reach new highs in 2025, with approximately 60% year-over-year growth, demonstrating strong market recognition of its fundamentals.

"Fishing" = Laziness, Distraction, Shirking Responsibilities? In the traditional financial world, this is an iron-clad value judgment. Banks' time clocks, brokers' efficient execution, and trading institutions' precise risk control all proclaim: efficiency is king, and fishing is original sin. But the crypto industry has never played by the rules. Recently, LBank's collaboration with Solana ecosystem meme IP Ponke directly shattered these conventions: publicly launching the "Ponke Fishing Championship," letting users play a banana-catching mini-game within 30 seconds and share screenshots to split 1500 USDT in rewards. This seemingly "absurd" campaign is far from a trivial stunt capitalizing on trending topics. Rather, it's LBank's profound decoding of Web3 community value: in this community-driven market, value never comes solely from high-pressure, high-efficiency trading execution. Instead, it's hidden in low-pressure, relaxed participation and sentiment.