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China's Daily Average Token Call Volume Exceeds 140 Trillion, More Than a Thousandfold Increase in Two Years

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March 24 — A People's Daily reporter has learned that China’s daily token usage volume hit 100 billion in early 2024, surged to 100 trillion by the end of 2025, and exceeded 140 trillion this March, marking a more than 1,000-fold increase over two years. Tokens are the smallest unit of information processed by large AI models, with traits of being measurable, pricable, and tradable in the intelligent era. Currently, a new value system centered on token usage, distribution, and settlement is rapidly taking shape, emerging as a key path for AI industry commercialization. The significant rise in China’s daily token usage also indicates that as reform of market-based data element allocation deepens, a supply system for high-quality AI data is forming, and the virtuous cycle of “data supply → value creation” is starting to take hold.
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Pakistan Steps Up Mediation Efforts in US-Iran Conflict: Military High Command Talks to Trump, Islamabad Could Serve as Potential Negotiation Hub

On March 24, as Middle East tensions escalate, Pakistan is actively mediating diplomatically to build a communication bridge between the U.S. and Iran. Informed sources say Pakistani Army Chief Asim Munir has spoken with former President Trump to discuss potential conflict resolution. Pakistan is pushing to make Islamabad a negotiation venue, with U.S. Middle East envoy Steve Witkoff playing a key mediation role. Multiple reports note potential talks could also include Jared Kushner and other senior U.S. officials. Previously, Trump said he delayed strikes on Iran’s energy infrastructure after "productive talks" with Tehran. But Iranian officials still deny direct negotiations, saying only that they are reviewing information relayed via intermediaries. Meanwhile, Pakistan is pursuing a multi-pronged diplomatic push. Prime Minister Shehbaz Sharif has spoken with Iran’s president, offering support and calling for de-escalation, while senior military officials have held intensive

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40x Leverage Whale 'WhaleJumping': Opens $12M BTC Short, Quickly Switches to Long After Small Loss

On March 24th, per HyperInsight monitoring (via Telegram: https://t.me/HyperInsight), the whale with the address starting with 0x93115 opened a 40x-leveraged short position of 176 BTC (valued at ~$12.4827 million) 19 minutes ago. After a minor $7,000 loss, the whale quickly flipped to a long position, opening a 40x-leveraged 190 BTC long (valued at ~$13 million). The average entry price was $70,963.6, with a liquidation price of $67,599. This whale has frequently traded high-leverage BTC contracts in the past, posting an overall recent account loss of ~$8.5 million.

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Middle East Conflict Boosts Inflation Expectations, Gold Nears "Ten Straight Days of Decline": Liquidity Squeeze Drives Short-Term Trend

March 24 — Amid escalating Middle East tensions, a surge in energy prices has sparked a chain reaction pressuring the precious metals market. Spot gold fell nearly 2% intraday, though it briefly rebounded above $4,400 during European trading, remaining range-bound on the weak side. A further drop Wednesday would mark its 10th straight trading day decline. Market analysts note the gold pullback isn’t a breakdown of traditional logic, but a classic case of a “liquidity squeeze.” As rising oil prices lift inflation expectations, investors are forced to offload high-liquidity assets—including gold—to cover losses in stocks, bonds and other holdings or meet margin calls. This “sell quality assets to plug gaps” behavior is common in extreme volatility. Earlier, former President Trump announced a delay in strikes on Iran’s power grid, offering temporary support to gold prices. But Iran’s subsequent tough stance, plus reports that U.S. allies could be drawn into the conflict, have deepen

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Iran Takes Tough Stance: Demands Sanctions Lifted and Legal Assurances for Ceasefire, Says 47-Year Confrontation with US 'Must Come to an End'

**Iran’s Rezaee: War Won’t End Until U.S. Meets Compensation, Sanctions, Guarantee Demands** In a March 23 interview on Iran’s state television, Mohsen Rezaee — newly appointed military advisor to Iran’s Supreme Leader — stated Iran will not halt military action until three conditions are met: receiving full compensation, the lifting of all economic sanctions, and securing international legal guarantees the U.S. will not interfere in Iranian affairs. Rezaee also emphasized Iran’s dispute with the U.S. is not limited to recent conflicts or last June’s U.S. attacks on Iran. Instead, the rift has persisted for 47 years since the 1979 Iranian Islamic Revolution’s victory, he said, adding a “final settlement” is required. Source: Golden Finance

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Institution: Exercise Caution Regarding Optimistic Expectations for the Upcoming "Peace Agreement" in the Middle East

In a March 24 report, Macquarie Group global strategist Jeffrey said it’s too early to pin high hopes on a Middle East “peace agreement” in the coming days—since the two sides’ demands remain hard to reconcile. It’s unrealistic to think the U.S. will drop its demands on Iran’s nuclear assets or pull out of its Gulf bases. Iran is also unlikely to stop backing its proxy militias at this stage. **That said, the conflict is unlikely to extend past mid-April—by then, the Iranian threat is likely to be neutralized.** Once that threat is gone, the U.S. will hold the upper hand in any follow-up talks. (IG)

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A whale went 40x short on 650 BTC, liquidated at $71,711

March 24th — Per AI Monitoring, address 0xedf…8fc0b currently holds a 40x short position on 650 BTC, valued at $46.09M. The position has an unrealized loss of $246k, with a stop-loss set above $71,300 and gradual take-profit kicking off at $69,500. Entry price: $70,520; Liquidation price: $71,711.

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