Gate News reports that on March 23, according to BackPack market data, the BP token price experienced significant volatility after its launch, reaching a high of 0.28 USDT, then quickly retreating and falling below 0.2 USDT, currently trading at 0.198 USDT.

On March 23rd, due to tensions in the Middle East, international crude oil prices oscillated at high levels, with WTI crude oil at $100.65 and Brent crude oil at $113.45. Trading volume increased significantly, with Gate platform's WTI and Brent crude oil contracts ranking first in transaction volume. Meanwhile, Gate TradFi launched multiple leverage options and opened API support for algorithmic trading.

On March 23rd, gold prices plummeted approximately 25%, falling below $4,200 per ounce, with over $10 trillion wiped from market value. Despite tensions between the US and Iran and rising inflation, the market engaged in heated discussions about the reasons for the gold price decline. Analysts pointed out that this selloff may be related to high interest rates and shifts in market sentiment, with future focus on macroeconomic data and the Federal Reserve's policy direction.

Gate News reports that on March 23, SK Hynix plans to issue new shares and list American Depositary Receipts (ADRs) in the United States. The issuance scale is approximately 2.4% of total shares, with expected fundraising of 10 trillion to 15 trillion Korean won. The raised funds will be primarily used to expand high bandwidth memory (HBM) production capacity and advance the construction of the Icheon semiconductor cluster, to consolidate its leading position in the global AI semiconductor market. SK Group Chairman Choi Tae-won previously announced the ADR listing plan at the NVIDIA GTC 2026 developer conference.

On March 23rd, XRP declined 3.74%, trading at $1.39, down 62% from its 2025 high. Analysis suggests that weak market confidence is related to macroeconomic pressures. Despite price pressure, institutional infrastructure continues to expand, indicating that XRP has room to establish itself in the financial system. Future discussions may focus on the gap between price volatility and infrastructure expansion.

ZachXBT revealed a coordinated network on the X platform that incited panic to attract traffic, leading to cryptocurrency scams and financial losses. These manipulators used high-follower accounts and AI-generated content to spread misleading information and steer users toward fraudulent activities. Users should carefully verify account histories to avoid scams.

Recently, the metal market has experienced a pullback, with international gold reaching a high of $4,534.8 and currently trading at $4,145.4; international silver peaked at $69.66 and is now trading at $61.31. Trading volume on Gate platform's metal contracts has grown significantly, with XAUT and XAG transaction volumes reaching $100 million and $130 million respectively, showing substantial month-over-month increases.

Bitcoin broke below the head and shoulders neckline on March 23rd, with prices sliding to around $68,100. The downside target is expected at $62,200. Despite coin holders increasing positions and RSI forming a divergence signal, the market is still facing selling pressure. $69,500 serves as a key support level, and future trends will depend on the battle over key price levels.

2026-03-23 06:30 to 06:45 (UTC), ETH short-term return rate recorded -1.24%, with price fluctuating between 2028.5 to 2059.0 USDT, amplitude reaching 1.48%. During this time window, market attention significantly heated up, with fund flows and downward volatility amplifying simultaneously, indicating sentiment turning cautious. The main driver of this price movement is the large-scale inflow of ETH into centralized exchanges, with net fund inflow reaching a new high since June 2022, totaling approximately $1 billion monthly. Over the past three weeks, 420,000 ETH transferred to related platforms, indicating

Gate released a reserve report on March 23, showing that as of March 16, 2026, the total reserve ratio reached 122%. BTC reserve ratio is 147%, ETH surplus reserve is 22.75%, USDT surplus is 1.79%, and GUSD is as high as 196.50%. Both GT and XRP reserve ratios exceed 100%.