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On March 28, according to Bloomberg, after experiencing its largest sell-off in years, bargain hunters have begun to enter the gold market. As of Thursday's close, gold prices had fallen 19% from their January closing peak, nearing the 20% threshold traditionally marking the start of a bear market. However, by Friday, buyers re-entered the market, pushing gold prices up by approximately 3%. George Efstathopoulos, a fund manager at Fidelity International, stated that this pullback presents a buying opportunity once Middle East tensions subside. Inflation risks, fiscal pressures, and concerns about bond credibility remain structural tailwinds for gold. Analysts also pointed out that a war involving Iran could trigger central banks to sell gold, or at least slow their pace of purchases. Daniel Ghali, a commodity strategist at TD Securities, believes that given central banks have been the cornerstone buyers in this bull market, a large-scale direct sell-off would have a more immediate impact on prices and a more destructive effect on market sentiment. However, for now, the broader trend is likely to be a gradual slowdown in the pace of central bank gold purchases, rather than a complete shift to selling.

1. The Amber Group address transferred 50 million USDC to edgeX; 2. The exchange Alpha will list BASED on March 30; 3. A senator sent a letter to the U.S. Department of Commerce requesting an explanation regarding the national security review of Bitmain; 4. The President of Iran stated there will be no preemptive strike but retaliation will come; 5. U.S.-listed company OceanPal disclosed it holds about 51.3 million NEAR tokens; 6. Polymarket reached a strategic partnership with Parti.com to launch the first live prediction market; 7. Xinhua News Agency: California has banned officials from profiting from inside information in prediction markets; 8. Research: Since 2024, "informed" traders on Polymarket have made abnormal profits of $143 million; 9. The Israeli military deployed more than 50 fighter jets to strike Iranian nuclear facilities and weapons bases; 10. BNB Chain: The first phase of the BNB Beacon Chain recovery tool will end in 3 days.

On-chain data shows that the edgeX treasury decreased by 50 million USDC, dropping from 190 million USD to 140 million USD, with funds cross-chained into edgeX from wallets such as Amber Group. The receiving address 0xc80…783 currently holds about 75 million USDC. (Yujin)