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The Trump administration has initiated the U.S. Strategic Petroleum Reserve drawdown program

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March 14 — The Trump administration has begun large-scale tapping of the U.S. emergency oil reserve, requesting an exchange of 86 million barrels of crude oil. In a statement Friday, the U.S. Department of Energy (DOE) said crude from the Strategic Petroleum Reserve (SPR) is expected to start flowing into the market by the end of next week. This is part of the 172 million-barrel large-scale release plan announced Wednesday. The reserve release — set to take four months to complete — is part of a coordinated 400 million-barrel action plan with other countries. Under the exchange terms, companies will return the borrowed oil to the DOE in the future and pay an additional amount of oil as a premium. Earlier this week, the DOE noted the Trump administration has arranged to replenish the SPR with about 200 million barrels over the next year — 20% more than the volume of reserves tapped this time. (Sina Finance)
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BlackRock: Will Not Launch "Complex" Crypto ETFs, Strategy Still Focused on Mainstream Assets

**March 14th Brief** Robert Mitchnick, Head of Digital Assets at leading global asset manager BlackRock, said the firm won’t over-innovate crypto ETF structures or roll out “exotic” products—instead, it will stick to a relatively cautious expansion strategy going forward. Mitchnick noted current investor demand centers on mainstream assets like Bitcoin and Ethereum. While more complex structured crypto ETFs may emerge, BlackRock will maintain strict vetting for new product launches. BlackRock recently launched the iShares Staked Ethereum Trust, which generates yield by staking ETH. The fund recorded $15.5 million in trading volume and $43.5 million in inflows on its first day of trading. Additionally, the firm is exploring launching a Bitcoin yield ETF, which would offer investors income via covered calls on Bitcoin futures.

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Data: Only 77 Ships Have Passed Through the Strait of Hormuz Since March 1

March 14 – The U.S.-Iran conflict has triggered a "blockage" at the Strait of Hormuz, the global energy transport chokepoint, per maritime data. Only 77 vessels have transited the strait since March 1, in contrast to 1,229 ships that passed through between March 1 and 11 last year. Agence France-Presse (AFP) cited the UK’s Lloyd’s List Maritime Intelligence on March 13 as reporting that most of the 77 ships are in poor condition, lack proper insurance, and have unclear ownership. The maritime data and analysis provider added that these vessels primarily belong to the so-called "shadow fleet" – including tankers and LNG carriers that evade Western sanctions. (Source: FX168)

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The Trump Family's Crypto Project Launches "Super Node," Locking Up $5 Million in Tokens Grants Team Access Opportunity

March 14 (Reuters) — World Liberty Financial, a cryptocurrency project co-founded by U.S. President Donald Trump, has launched its "Super Nodes" initiative. Investors who stake $5 million worth of WLFI tokens (roughly 50 million tokens) and lock them for 180 days will gain priority access to discuss partnership opportunities with the company’s business development team and executives. The proposal was approved via a community vote, with the project team citing 99% approval. Participants must stake tokens to obtain governance voting rights and earn a 2% WLFI token reward after casting at least two votes. According to the report, 75% of revenue from new WLFI token sales will go to the Trump family. The White House counsel stated that Trump himself was not involved in the business transactions and there is no conflict with his presidential duties.

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Microsoft's Copilot AI assistant will land on Xbox consoles this year

March 14 — Microsoft announced its AI assistant, Copilot, will officially launch on current-gen Xbox Series X and other Xbox consoles later this year. Earlier, Copilot was integrated into platforms including Windows 11, the Xbox mobile app, and Xbox Ally. Microsoft aims to boost gamers’ experience across gaming, system management, and content discovery by bringing the AI assistant to the console ecosystem.

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The US Embassy in Iraq Attacked, Its Air Defense System Destroyed

Early on March 14 local time, smoke was seen rising over the U.S. Embassy compound in Baghdad, Iraq’s capital. Iranian sources report the embassy’s air defense system was struck and destroyed. There has been no response from the U.S. side as of yet. (FX678)

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Yesterday's US Spot Bitcoin ETF saw a net inflow of $180.4 million, marking the fifth consecutive day of net inflows

On March 14, data from Farside monitoring shows U.S. spot Bitcoin ETFs recorded a net inflow of $180.4 million yesterday—marking the fifth straight day of net inflows.

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