Crypto Macro News and Global Policy Updates

Google plans to provide over $5 billion in funding for the data center project for Nexus Data Centers in Texas, which will be leased to Anthropic. It is expected to deliver approximately 500 megawatts of computing power by the end of 2026 and will rely on natural gas to reduce dependence on the public grid.

Trump stated at the Future Investment Initiative Summit that the United States will become a global superpower in cryptocurrency, emphasizing the importance of Bitcoin and the acceleration of payment trends. He pointed out that the U.S. needs to maintain a leading position in the fields of crypto assets and financial innovation to ensure its dominance in the global financial system.

Plume legal advisor B. Salman Banaei testified before Congress, urging the SEC to expedite the development of tokenization rules and criticizing the reliance on an "innovation exemption" mechanism. He emphasized the need for public consultation to promote permanent solutions that would attract large institutions to participate in the tokenization of real-world assets, reminding SEC leadership of the urgency to act.

Citigroup lowers its 12-month target prices for Bitcoin and Ethereum, indicating that its medium-term outlook for the crypto market has turned cautious, mainly because progress on U.S. crypto-asset legislation has been slow. Its Bitcoin target is reduced from $143,000 to $112,000, and its Ethereum target is lowered to $3,175. Although there is still room for upside in the future, the lack of new policy catalysts means prices could trade within a range in the short term. Citigroup is even more cautious in its assessment of Ethereum, saying it is more heavily influenced by on-chain activity.

South Korea’s banking industry is actively strengthening cooperation with cryptocurrency exchanges to deal with constrained loan growth and to seek new profit opportunities. Several banks have established partnerships with exchanges, despite historical incidents involving mistaken Bitcoin airdrops. Regulators plan to expand their regulatory authority, which could intensify competition among banks.

Gate News report, on March 28, in Miami, Florida, President Trump stated at the Future Investment Initiative (FII) summit that Bitcoin is very powerful, and the United States must stay ahead in this trend. He emphasized that many people currently want to use virtual assets (especially Bitcoin) for payments, and the U.S. must be at the forefront of this trend.

Morgan Stanley plans to launch a spot Bitcoin ETF with a fee of 0.14%. If approved, it will become the lowest fee Bitcoin ETF in the market. Currently, most Bitcoin ETFs in the market have fees ranging from 15 to 25 basis points.

Morgan Stanley plans to offer a spot bitcoin ETF at 14 basis points, undercutting competitors and potentially igniting fee competition in the market. This strategic pricing aims to attract investments by leveraging its vast wealth management network.

Gate News: According to the latest Gate TradFi data, VIX (VIX) has surged by 9% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Bitcoin's price has declined below $66,000 amid geopolitical tensions and poor U.S. market performance, leading to significant losses in the crypto market. Investor sentiment is dampened as recession fears grow.

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News: According to the latest Gate TradFi data, VIX (VIX) has surged by 7.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

In brief ICE has invested another $600 million into Polymarket, fulfilling its commitment made in October. Rival Kalshi recently raised $1 billion at a $22 billion valuation, outpacing Polymarket's current valuation. Prediction markets face mounting regulatory pressure, with lawmakers

Africa is emerging as a leading market for digital assets, driven by necessity rather than speculation. With significant growth in on-chain value and increasing crypto adoption, the continent is addressing financial challenges through innovative solutions.

Gate News reports that on March 27, U.S. Secretary of State Rubio stated that Iran may decide to establish a toll collection system in the Strait of Hormuz. The Strait of Hormuz is an important waterway connecting the Persian Gulf and the Gulf of Oman, through which about one-third of the world's maritime oil is transported.

Gate News reported on March 27 that, according to three informed sources, U.S. Secretary of State Rubio stated to G7 colleagues that the Iran war should end within weeks.

Gate News reports that on March 27, according to CCTV News, it was learned from Iranian sources on the 27th local time that after the United States and Israel launched attacks on Iranian steel mills, Iran has listed six steel mills in Israel and relevant industrial facilities in five regional countries as new targets for retaliatory strikes. According to informed sources, Iran's response actions should not be limited to the regional steel industry and may take "broader and stronger" measures.

Gate News report, on March 27, according to Iran's Tasnim News Agency, Iran issued a warning that it would attack steel plants in the Gulf region and Israel.

Gate News reports that on March 27, the Iranian Atomic Energy Organization announced that the "yellowcake" production facility in Ardakan, Yazd Province, Iran was attacked a few minutes ago by the U.S. and Israel. Preliminary investigations indicate that this incident did not result in any radioactive material leaking outside the complex. It is reported that "yellowcake" is a uranium oxide, typically extracted from crushed natural uranium ore, and is an essential intermediate product in the nuclear fuel production process, but it cannot be used directly in nuclear reactors; it is generally used for refining enriched uranium.

Ark Invest, owned by Cathie Wood, conducted a large-scale selloff of tech stocks and crypto assets on March 27, including selling about $41 million worth of Meta and $26 million worth of Nvidia stock, while also reducing its holdings in its own Bitcoin ETF and shares in multiple crypto companies.