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March 9th – Stablecoin payment firm KAST has raised $80 million in its latest funding round, valuing the company at approximately $600 million, per Bloomberg. Insiders note that as demand for "digital dollar account" offerings grows, venture capital firms are ramping up investments in related startups. KAST projects its Annual Recurring Revenue (ARR) will hit $100 million this year. The firm focuses on stablecoin-powered payment and account services, enabling users to settle transactions in U.S. dollars via blockchain networks. Industry insiders highlight that amid the ongoing expansion of stablecoin use cases, companies offering stablecoin payment and digital dollar account services are emerging as key targets for venture capital. Previously, BlockBeats reported that on December 12, 2024, KAST closed a $10 million seed round led by HongShan and Peak XV. Proceeds will fund the launch of savings products, expansion of remittance services, and buildout of stablecoin infrastructu

On March 9th, GMGN monitoring data (link: https://gmgn.ai/bsc/token/i_m4TE56o8_0xeccbb861c0dda7efd964010085488b69317e4444) shows the BNB Chain (BSC)-listed meme token “Lobster” began rallying last night from a $2 million market cap and has extended gains through this morning. Over the past 2 hours, its market cap briefly surged above $10 million to a new all-time high before retracing slightly. It currently trades at $8.2 million, with a 250% 24-hour gain and roughly $8.3 million in trading volume over the same period. The token’s upward momentum is tied to an official Chinese-language tweet from Binance, combined with recent buzz around the “Openclaw (Lobster)” topic, which has fueled its market cap growth. BlockBeats reminds users that meme coin trading is highly volatile, driven largely by market sentiment and concept hype—with no underlying value or practical use case. Investors should be aware of the risks.

March 9: U.S. WTI and European Brent crude oil saw sharp short-term declines. WTI crude briefly dropped to $97.6 per barrel, breaching the $100 threshold, and is now trading slightly higher at $99.4 per barrel, with its intraday loss narrowing to 8.5%. Brent crude continues to fall, hitting $102.5 per barrel, with its intraday loss narrowing to 11%.

Flash Update: March 9th HyperInsight monitoring data shows Hyperliquid’s BRENTOIL/USDC (Brent Crude Oil Futures Mapping Contract) has cracked the platform’s top 10 trading volume rankings. Over the past 24 hours, the contract’s trading volume topped $140 million—marking a recent high—with open interest at $38 million. BRENTOIL is currently trading at $103.8, with up to 20x leverage available. Monitoring also indicates whales holding contract positions exceeding $1 million are all in short positions. The largest short address (0xa55) holds a 3x leveraged short worth $4.85 million, with an average entry price of $97.7. It currently has an unrealized loss of $280,000, a loss ratio of ~11%.

On March 9, Bitcoin rebounded to surpass $68,000, per HTX market data, with a 0.89% gain over the past 24 hours.

March 9 — Per Coinshares’ latest weekly report, digital asset investment products saw a net inflow of $619 million last week, signaling the broader cryptocurrency market retained some resilience amid geopolitical unrest tied to the Iran situation. Data shows sentiment was bullish early in the week, with $1.44 billion flowing in over the first three days—but outflows hit $829 million on Thursday and Friday as oil prices climbed. Regionally, the U.S. accounted for nearly all inflows, posting a net $646 million. Europe, Asia, and Canada, by contrast, saw outflows of $23.8 million, $2.2 million, and $3.6 million respectively, indicating investors in those regions remained more cautious overall. By asset class, Bitcoin continued to dominate fund flows with a net $521 million inflow. Ethereum and Solana also saw inflows of $88.5 million and $14.6 million, while Uniswap and Chainlink each received minor inflows of roughly $1.4 million. Among major assets, only XRP posted significant