Web3 Daily Briefing

2026-03-29
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Today’s market is shrouded in extreme fear, with the cryptocurrency fear and greed index plummeting to 9. This is mainly due to escalating geopolitical tensions in the Middle East and the potential closure of the Strait of Mandeb. Analysts predict that oil prices could surge above $120 per barrel as a result. Macroeconomic instability is further intensified by the USD/JPY exchange rate approaching the critical intervention level of 160 and Bitcoin trading at a negative premium on Coinbase, leading major institutional holders like MicroStrategy to face a 12.3% unrealized loss. For those concerned about deposit and withdrawal security, Tether’s milestone move to hire the Big Four accounting firms for a comprehensive audit significantly enhances transparency. Meanwhile, recent police busts in Hunan have uncovered “physical gold” investment scams, and bank transfer fraud targeting Web3 users continues. Although the industry has seen infrastructure growth through new Ethereum-supported rollup frameworks launched by Gnosis and Zisk, the sharp decline in Binance short-term holder inflows suggests that the current panic selling may finally be nearing an end. While the USDT premium has not yet exceeded your set warning threshold of 7.1, a Bitcoin drop below $65,000 could trigger up to $743 million in large long liquidations, requiring cautious liquidity management. Looking ahead, the increased adoption of stablecoin payments in Southeast Asia and the launch of enterprise-level tools on Solana indicate that, despite market volatility, a “hidden” payment layer driven by practicality is emerging.