On March 19, Bitcoin pulled back to $70,000, while Ethereum declined to $2,160. The Federal Reserve maintained interest rates unchanged, oil prices rose, and Iran's attack on Gulf energy facilities drove crude oil and natural gas prices to surge. The crypto market saw liquidations of nearly $600 million in positions, with the majority being long positions. Market futures open interest decreased, and mainstream coin funding rates turned negative.

Federal Reserve Chair Powell indicated that the threshold for rate cuts has been raised, causing US stocks to close lower on Wednesday, with the Dow Jones declining 1.6%. Despite overall market weakness, the oil and natural gas sector rose, with Brent crude exceeding $110 per barrel. The Federal Reserve maintained interest rates unchanged, with inflation pressure expected to ease only by mid-year.

According to Hyperinsight monitoring, on March 19th, the "Strategy Counterparty" address closed out all CL and NATGAS long positions and instead increased BTC and ETH short positions. The current position size has reached $105 million, but still retains $4.32 million of Brent crude oil long positions.

On a prediction market, an address that successfully predicted Maduro's arrest invested $65,400 betting on whether the US and Iran will reach a ceasefire before May, with the current probability at 33%. The former counterterrorism chief stated that concerns about strikes on Iran failed to reach Trump. Trump emphasized that the US and Qatar were not involved when Israel attacked Iran's South Pars gas field, while major European countries tend to handle related issues through diplomatic means.

The intensification of US-Iran conflict has led to damage to Iranian and Qatari natural gas facilities, causing US natural gas prices to rise. The NATGAS contract on Hyperliquid platform surged to $3.21 at one point. Crypto KOL CBB increased their short position in NATGAS on the platform, holding a $3.71 million position with a floating loss of $15,000.

US President Trump warns that if Iran continues attacking Qatar's energy facilities, he will strike its South Pars gas field. Iranian missile attacks on Qatar's critical infrastructure have triggered market concerns, driving up oil prices, with geopolitical risks affecting global energy supply. Multiple countries have called for de-escalation of the situation.

Gate News, on March 18, Jupiter Wallet announced the launch of Auto Earn feature. This feature allows users to set a trigger amount (minimum $10). When the wallet balance reaches the set threshold, the system will automatically deposit tokens into the Jup Lend protocol. This process requires no gas fees from users, and idle tokens can automatically generate yields.

On March 18, US natural gas prices fell 3.6% briefly, leading all liquidations across the network, with a cumulative decline of 11.6%. The largest long position address was liquidated as prices fell below $2.91, with liquidation size reaching 638,364 contracts and losses of $200,000. Meanwhile, the address held BTC short positions and crude oil and gold long positions as hedges, but suffered losses on both sides.

On March 16th, Aave and CoW Swap each released reports regarding the "high slippage trading loss of $50 million" incident. Aave attributed the problem to insufficient market liquidity, while CoW Swap pointed out outdated gas limits and transactions not being submitted on-chain. The two parties held opposing views, and neither mentioned the approximately $44 million MEV bot-related situation.

Two Indian liquefied petroleum gas vessels successfully transited the Strait of Hormuz, transporting 92,700 tons of cargo. This move stems from international diplomatic negotiations and reduces the risk of U.S. military escort involvement. Analysis suggests that if Tehran permits safe passage, it could restore more than half of the traffic volume through the strait, leading to a decline in crude oil futures prices.