A certain CEX appointed Stephen Gregory as the new CEO on March 9, succeeding Norman Reed, who will continue to serve as an advisor. Gregory plans to expand the Earn suite, staking services, and DeFi products under his leadership to attract more users.

Tether CEO Paolo Ardoino announced on the X platform that the smart development platform QVAC Workbench 0.4.1 has been released. The new version enhances the serverless experience, optimizes delegated inference and RAG capabilities, supports more document formats, and has been optimized for mobile devices. It is currently in Alpha testing, with the full mode coming soon.

On March 11, international oil prices rebounded, with WTI rising over 6% to $88.6 per barrel, and Brent increasing more than 5% to $92.44 per barrel. Contract prices on DEX platforms also rose simultaneously, but the funding rate remained negative, indicating a bearish market sentiment. The Pacifica platform's rate is positive, with a spread of 0.0035%.

Gate News Report, March 11 — Gold prices declined in early trading but remained around $5200 per ounce as investors digest mixed signals from the Middle East conflict. On the previous trading day, gold prices rose due to a softer dollar and falling oil prices easing inflation concerns. ANZ Bank analysts stated, "However, ongoing developments continue to cast a shadow over the prospect of a rate cut in the United States. This has led investors to continue withdrawing gold from gold ETFs (Exchange-Traded Funds)." Traders are currently awaiting the release of U.S. inflation data tonight to seek more clues about the interest rate outlook.

StableX partners with BitGo, which will be responsible for custody and operation of its crypto asset vault, supporting a stablecoin investment plan of up to $100 million. This move marks StableX's further involvement in the stablecoin market, reflecting growing institutional investor interest in the stablecoin ecosystem, and is expected to promote more investment activities in the future.

Bitcoin market sentiment is improving, with more traders expecting the price to break above $80,000 in the coming months. The options market signals a bullish bias. Currently, Bitcoin is trading near $70,000, and analysts believe that if the bullish sentiment continues, a new directional move may emerge in the future.

Gate News Report, March 11 — A research institution released a report indicating that short-term holders of BTC and ETH have been experiencing a rebound in the spent output profit ratio (SOPR) since late February. SOPR is used to measure whether recent sellers are in profit when selling assets. The rebound of this indicator suggests that spot demand has been strong enough recently to absorb reverse selling pressure, making market positioning more resilient.

Oracle stock closed down 1.4% but rose 12.2% after hours. As a result, the Hyperliquid platform ORCL mapped contract price increased by over 12%. Two major whale holders suffered losses due to short positions, losing more than 20%.

Babylon Labs partners with Ledger to incorporate Ledger signature support into Babylon's Trustless Bitcoin Vaults, enhancing transparency and security in Bitcoin transactions. This move allows Bitcoin to be used more securely as a digital financial collateral asset under self-custody. Both parties also plan to expand integration to support asset management and security support.

CFTC Chairman Michael Selig at the FIA conference supported blockchain-based prediction markets, calling them "truth machines" that can improve transparency and accountability. He believes these markets are more reliable than traditional polls and will provide clearer event contract rules.