ByteDance to Sell Moonton Technology for Over $6 Billion, Further Focusing on AI Strategy

March 20 — The Shanghai Stock Exchange has accepted Yushu Technology Co., Ltd.’s application for an IPO on the Sci-Tech Innovation Board, with the company targeting 4.202 billion yuan in proceeds. (Golden Finance)

March 20th, CoinGlass noted in a post: “During yesterday’s price drop, Bitcoin open interest (OI) actually rose as prices fell—signaling shorts were clearly piling on positions, creating a fairly clear short entry signal. The trend ultimately came close to $68,750.” Right now, prices are rebounding—but OI has barely moved much, which typically means the bounce isn’t being fueled by new long positions. So the current setup looks more like range trading than a clear trend reversal. Next up to watch: shifts in Bitcoin’s price and OI.

March 20th: Geopolitical conflicts typically boost risk-off sentiment in markets, pushing gold prices higher. For example, gold surged rapidly within half a month after the Russia-Ukraine conflict erupted in February 2022. However, since the latest U.S.-related conflict began, oil and the U.S. dollar have risen sharply while gold has trended continuously downward. Qu Rui, Senior R&D Deputy Director at Orient Securities, noted that the ongoing Middle East conflict and rising oil prices have lifted global inflation expectations—this could reinforce the Federal Reserve’s stance on holding interest rates steady, pressuring precious metals. Adrian Ash, an analyst at BullionVault, said: “Central banks’ future rate cuts will likely be further delayed. Technically, this is bad for gold.” Daniel Ghali, Commodities Strategist at TD Securities, commented: “In the short term, we still see downside risk in the market. Gold has significant room to fall, but it can also hold support from its long-

March 20 (CoinDesk/Reuters) — Coinbase Inc announced Wednesday the launch of stock perpetual futures contracts, expanding its global derivatives product lineup and becoming one of the first major centralized exchanges to offer such products. The move solidifies Coinbase’s position in the international derivatives market and advances its long-term strategy to build an “all-in-one trading platform” — enabling traders to access cryptocurrency, traditional assets and emerging assets simultaneously. Stock perpetual futures are available to eligible traders outside the U.S., offering leveraged exposure to U.S.-listed stocks and supporting 24/7 continuous trading.

March 20th — TAO surged sharply today, posting a 20% intraday gain, per HyperInsight monitoring (Telegram: @HyperInsight). On-chain sentiment warmed up in tandem, as two whales on the Hyperliquid platform added long positions consecutively. Key whale activity: - Whale 0x0e0 opened a 5x-leveraged TAO long at 6 a.m. local time: $1.1M position size, $269.5 average entry price. Current unrealized profit: $110k (50%); liquidation price: $224. - Whale 0xe51 entered a 1x-leveraged position in the past 4 hours: $1.72M position size, $295 average entry price. Modest unrealized profit: $30k; now ranks 2nd in Hyperliquid long positions.

March 20 — Official sources confirm OKX Wallet has officially launched the Block Street (BSB) X Launch event on its OKX Boost platform. Eligible users will split over 5.35 million BSB tokens. Block Street serves as a unified liquidity layer for the on-chain capital market, bridging traditional capital markets and decentralized finance (DeFi) to deliver core infrastructure for the next generation of on-chain financial markets. A leading industry one-stop Web3 gateway, OKX Wallet now supports over 140 popular blockchains.