News

1. Tastylive Global Macro Director Ilya Spivak stated that gold prices experienced a pullback within the first 24 hours of trading this week, which seems to reflect the market's positive reaction to remarks made by Iran's Foreign Minister. On Monday, crude oil prices responded by falling, yields edged lower, the US dollar gave back some of its recent gains, and the stock market saw an uptick.2. Spivak pointed out that monitoring news developments regarding the US-Iran conflict and their impact on crude oil remains a key factor, but the upcoming Federal Reserve meeting could also serve as an important catalyst. If the Fed adopts a relatively hawkish tone, gold may weaken.3. The market is waiting for the Federal Reserve's policy statement to assess how the central bank evaluates the impact of the Middle East conflict on inflation and growth. If a hawkish signal is released, it could further suppress gold prices.

BlockBeats News, March 17th, according to Hyperinsight monitoring, WTI crude oil futures surged more than 3% in a short period of time, with an intraday gain expanding to 5.5%. Hyperliquid also saw a synchronous rise in CL (WTI crude oil) prices, currently at $97.5. This round of surge directly benefited on-chain long positions. MakerDAO founder Rune Christensen, who opened a 20x leveraged CL long position at an average price of $92.6 on March 7th, saw his unrealized gains expand to about $310,000 (+17.3%). Furthermore, a whale with an on-chain position size exceeding tens of millions of dollars remained predominantly on the short side, and this sudden surge in crude oil caused the aforementioned short positions to collectively fall into unrealized losses.

Foresight News reports that bitcoin mining company Cango has released its unaudited financial report for the full year and fourth quarter of 2025. The total annual revenue was $688.1 millions, with bitcoin mining revenue at $675.5 millions. A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 per day. The adjusted annual EBITDA was $24.51 millions. Fourth quarter revenue was $179.5 millions, with 1,718.3 bitcoins mined. However, due to the decline in bitcoin prices, impairment losses on mining machines ($338.3 millions), and fair value adjustments, the net loss from continuing operations for the year was $452.8 millions, and the adjusted EBITDA for the fourth quarter was -$156.3 millions. By the end of 2025, the company held $41.23 millions in cash and had long-term related party debt of $557.6 millions. In February this year, it sold 4,451 bitcoins to repay part of its debt and reduce financial leverage.