US Stock Storage Concept Stocks Tumble Across the Board in Pre-market Trading, Continue Capital Reduces Long Position in MU by Over $3 Million

March 23 — Bitcoin mining firm Core Scientific announced it has secured an additional $500 million in financing from JPMorgan Chase, expanding its total credit facility to $1 billion. The prior $500 million was provided by Morgan Stanley. The company noted the funds will support data center construction, equipment purchases, energy infrastructure, and high-density hosting and AI-related business development.

International oil prices plunged on March 23 following comments from former President Trump. Bitget market data shows Brent crude futures briefly dropped more than 14% to roughly $96 a barrel, while WTI crude and European natural gas prices also declined subsequently.

On March 23, Iranian media stated they had no direct or indirect contact with former U.S. President Donald Trump, claiming he canceled his planned visit after threatening to strike Persian Gulf energy infrastructure.

On March 23 (over the weekend), former U.S. President Trump issued a high-profile 48-hour ultimatum to Iran via Truth Social: "If Iran does not unconditionally and peacefully open the Strait of Hormuz within 48 hours, the U.S. military will strike and completely destroy all of Iran’s power plants—starting with the largest one!" This hardline stance quickly lifted global oil prices: Brent crude spiked at one point, escalating market panic and weighing on U.S. stocks. In response, Iran issued a stern statement: should its energy facilities come under attack, it would retaliate against all U.S. and Israeli energy and water infrastructure in the Middle East. Yet on the eve of the ultimatum’s deadline, Trump’s position shifted dramatically—180 degrees: he ordered a pause on planned strikes against Iran’s power plants and announced a 5-day temporary ceasefire to make room for negotiations. This "tough first, soft later" move immediately reversed market momentum: oil prices dropped

March 23rd Moments ago, Trump announced he will delay military action against Iran by five days. Market sentiment has improved slightly. Vessels are now transiting the Strait of Hormuz, with real-time monitoring showing six ships currently passing through. (Oriental Fortune Network)

March 23rd — Per Arkham monitoring, Mt. Gox completed its first Bitcoin transaction in over four months today, transferring ~$500 worth of the cryptocurrency. The now-defunct exchange still holds more than $2 billion in Bitcoin originally belonging to its former users. At current market prices, the total Bitcoin Mt. Gox retains is valued at over $10 billion, a jump from figures tied to its collapse. Mt. Gox has set a final deadline for related proceedings as December 31st.