Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

On March 28, Farside data shows the U.S. spot Bitcoin ETF recorded a net outflow of $225.5 million yesterday—its second straight day of net outflows.

**March 28 Update** Trader Eugene Ng Ah Sio shared on his personal channel: “Closed out all my positions with stop-losses—gave it a shot but didn’t see any returns. 2026’s already tougher than 2025, so I’m cutting back on trading frequency. Still need more patience…” **Prior BlockBeats Report (March 16)** On March 16, Eugene posted: “Switched to a long position. While global risk assets broadly weakened, crypto held up strong—worth noting: first sign of relative strength in crypto since Bitcoin dropped from $60k. Didn’t catch the bottom, but my go-to move is following strong buying after a consolidation range breaks (better risk control). Plus, a few altcoins are forming natural rounded bottoms—makes me think short-term upside odds are higher for crypto. If Bitcoin clears $74k, crypto could see a broad rally; expect majors like ETH ($2,400) and SOL ($100) to retest their prior ranges.”

March 28 — The Times of Israel reports that ballistic missiles fired from Yemen triggered sirens in the southern Israeli city of Beersheba and its surrounding towns. This marks the first attack on Israel by Iran-backed Houthi forces in the current round of conflict. The Israeli military stated it has detected a missile launched from Yemen and is actively working to intercept the threat.

**March 28 – A new industry report shows the Bitcoin mining sector is undergoing a structural shift.** By Q4 2025, average mining costs for listed firms have climbed to ~$80,000 per coin—while Bitcoin trades at just ~$70,000, leaving a nearly $20,000 per-coin loss that makes the industry’s profitability model unsustainable. In response, mining companies are ramping up moves into Artificial Intelligence (AI) and High-Performance Computing (HPC) infrastructure. To date, the sector has signed contracts worth over $70 billion, with some firms targeting 70% of revenue from AI by end-2026 as they transition into data center operators. Funding for this shift comes mainly from two sources: leveraged financing and Bitcoin reserve sell-offs. Listed miners have collectively offloaded over 15,000 BTC—including Core Scientific, Bitdeer, and Riot Platforms—continuing to sell holdings to fund AI expansion. This trend, however, poses potential network security risks. As miners reallocate c

March 28 — Global markets were rocked by severe volatility this past week, driven by the double whammy of geopolitical tensions and monetary policy shifts. The U.S.-Iran standoff has shifted into a phase of simultaneous military pressure and diplomatic maneuvering, with restrictions in the Strait of Hormuz emerging as a key variable. This has pushed crude oil prices back to elevated levels, sharply lifting global inflation expectations. Against this backdrop, there’s been a sharp pivot in Federal Reserve policy expectations. Multiple Fed officials have struck hawkish tones, prompting markets to abruptly swing from pricing in rate cuts this year to “higher rates for longer” — and even reopening the door to potential hikes. The U.S. dollar index has climbed back above 100, U.S. Treasury yields have moved higher in lockstep, and expectations for global liquidity have tightened. Major asset classes have diverged sharply: - Gold has held steady in a narrow, elevated range amid

On March 28, two U.S. officials said Iran launched a joint missile and drone attack on Saudi Arabia’s Prince Sultan Air Base, wounding 12 U.S. soldiers—two of them seriously. The strike occurred during a one-month stretch of U.S.-Iran conflict and ranks among the most significant failures of the U.S. air defense system. At least two KC-135 aerial refueling tankers were also heavily damaged in the incident. (Source: Jinse)