[Morning News Brief] Stablecoin issuer Circle's money market fund tokenized asset management surpasses $2 billion outside

According to on-chain tracking service Whale Alert, on March 10 local time, 723 BTC were transferred in a single transaction from Coinbase to an unknown personal wallet.

Large-scale Bitcoin transfers on the blockchain usually indicate a lower likelihood of immediate selling, suggesting a relief in market supply pressure.

Based on on-chain data analysis by Whale Alert, on March 10 local time, 1,052 BTC were moved from Coinbase Institutional wallets to unknown new wallets.

Such significant Bitcoin transfers may impact short-term supply and demand.

Stablecoin issuer Circle announced on X that the assets under management of its tokenized money market fund product USYC have exceeded $20 billion.

Circle continues to strengthen its influence as a tokenized financial product.

According to Whale Alert, 1,049 BTC were transferred from unknown wallets to Coinbase Institutional.

Large-scale Bitcoin transfers suggest potential selling pressure.

According to PANews, on-chain analysis account Whale Alert detected that USDC issuer USDC Treasury issued a total of 500 million USDC on the Solana blockchain.

The expansion of liquidity warrants attention to its impact on the Solana ecosystem.

The U.S. Energy Information Administration significantly raised its mid-term price forecasts for Brent and WTI crude oil in its latest Short-Term Energy Outlook report.

The upward revision of oil price expectations is interpreted as a sign of tight global energy supply and demand.

Hyperliquid announced that in the next network upgrade, it will convert portfolio margin into Alpha phase.

This could provide new margin trading opportunities for individual investors.

Bloomberg analyst James Seyffart stated on X that despite a significant correction in XRP price, XRP ETFs continue to see steady capital inflows.

Capital inflows into XRP ETFs persist amid volatility.

Crypto media Bitcoin Magazine reports that Bitcoin price has reached $71,000.

Bitcoin has hit a key resistance level amid volatile conditions.

After President Trump made comments suggesting that the potential war with Iran could end sooner than expected, international crude oil futures continued to decline.

Tensions with Iran continue to influence international oil prices.