USDC Market Cap Nears $80 Billion All-Time High; Stablecoin Market Cap Grows 0.93% in One Week
March 14: On-chain stablecoin market cap stood at $315.9 billion as of Wednesday, up 0.93% week-over-week, per DefiLlama data. USDC’s market cap is approaching its all-time high of $80 billion, holding a roughly 25% share of the stablecoin market.
Dubai-based analyst Rami Al-Hashimi ties the surge in stablecoin demand to capital outflows from the UAE. Dubai property prices have dropped ~27% this month, while the DFM Real Estate Index (tracking Dubai-listed real estate and construction firms) fell from a recent high of ~16,800 points to ~11,516 — a ~31% decline.
Off-exchange trading platforms in Dubai are struggling to meet USDC demand. Some property sellers now accept crypto payments, offering 5-10% discounts for buyers using BTC.
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MiniMax has been approved as an HKEX official commercialization company, and its stock symbol will be changed to MINIMAX-W.
**MINIMAX-WP (0100.HK) Upgrades to Formal Commercialization, Stock Abbreviation to Change**
Per monitoring by 1M AI News, Hong Kong-listed firm MINIMAX-WP (stock code: 0100.HK) announced post-listing it has upgraded from "pre-commercialization" to formal commercialization after meeting revenue targets—satisfying Hong Kong Stock Exchange (HKEX) regulatory requirements for high-growth tech stocks.
The company’s 2025 annual revenue exceeded the HK$250 million commercialization threshold.
Its stock abbreviation will drop the "P" marker, changing from MINIMAX-WP to MINIMAX-W. The new ticker takes effect at 9:00 AM on March 18, 2026, with the stock code remaining 0100.HK.
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Iranian Senior Commander: Ending War Requires Two Conditions
Mohsen Rezaee, a senior commander of Iran’s Islamic Revolutionary Guard Corps (IRGC), said Wednesday (March 14) that Iran would consider ending the war under two conditions: Iran recovers all its losses, and the United States withdraws from the Persian Gulf. (CCTV News)
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GCL New Energy makes a cross investment with Pharos
Per an official announcement, L1 public chain Pharos has entered a strategic capital partnership with Hong Kong-listed Xinjiang Goldwind Science & Technology Co., Ltd. (HKEX: 0451). Goldwind has finalized its investment in Pharos, valuing the L1 chain at nearly $1 billion.
A core condition of the deal: Within three months following Pharos’ token generation event (TGE) and across subsequent three-month periods, its average fully diluted valuation (FDV) must not fall below $7.6 billion. Missing this threshold will block any subsequent investment.
This investment will allow Pharos to advance the real-world asset (RWA) market from conceptual pilots to large-scale, sustainable industrial commercialization.
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Hedge Fund Bullishness on Crude Oil Hits Highest Level Since 2020
**Oil Market Volatility Hits Record; Hedge Funds Boost Brent Bulls to 6-Year High**
On March 14, as the oil market saw its most volatile period on record, hedge funds’ bullish bets on Brent crude hit a six-year high.
Data from ICE European Futures for the week ending March 10 showed fund managers increased their net long position on the global benchmark by 65,438 contracts to 351,032—its highest level since February 2020. Meanwhile, U.S. Commodity Futures Trading Commission (CFTC) figures revealed bullish wagers on U.S. crude climbed to an eight-month peak.
The ongoing Middle East conflict has nearly paralyzed traffic in the Strait of Hormuz for nearly two weeks, with a prolonged supply disruption catching market participants off guard. The seismic shock to energy markets has forced major regional oil producers to cut output, while some refiners face contract defaults.
In financial derivatives markets, several volatility indices have surged to their highest levels since the
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