Iraqi oil production plunges significantly due to conflict and transportation disruptions, with output from major southern fields down by about 80%

March 25 — U.S. House Speaker Mike Johnson stated Thursday that the Iran conflict is “nearing an end with objectives achieved,” stressing U.S. military deployments to the Middle East serve as a warning to Iran and noting there will be “no ground combat.” However, the Trump administration has recently been revealed to be deploying ground combat forces to the region. Thousands of troops from the Marine Corps’ 31st and 11th Marine Expeditionary Units (MEUs) are en route, while an operational unit under the Army’s 82nd Airborne Division is also preparing to deploy to the Middle East. (Source: Jinshi)

March 25th: SpaceX is targeting up to $75 billion in its initial public offering (IPO), per market sources. Earlier today, reports surfaced that the company could file for the IPO as soon as this week. SpaceX currently holds a valuation of $1.25 trillion, though the actual offering size and final valuation won’t be locked in until the weeks leading up to the IPO.

March 25 — Market institutions remain bullish on Circle’s future despite a temporary 20% price dip earlier this week. Bitwise Asset Management projects Circle could hit a $75 billion valuation by 2030, fueled by stablecoin market expansion. Bitwise CIO Matt Hougan noted Citigroup forecasts the stablecoin market will reach $19 trillion by 2030. USD Coin (USDC) currently holds ~25% market share, and its growth trajectory remains unphased by policy concerns, he added. Previously, market jitters emerged over potential restrictions on USDC’s holding/usage incentive mechanisms under the U.S. proposed Clarity Act, triggering sell-offs. However, analysts at William Blair and Bernstein argue the legislation will have minimal impact on Circle’s long-term fundamentals and may even weaken competitors’ ability to attract liquidity via high yields. Meanwhile, rival Tether is ramping up compliance efforts (including "Big Four" audits) to expand its U.S. market footprint. Analysts say Circle

On March 25, Bloomberg reported that Franklin Templeton has partnered with Ondo Finance to launch a tokenized ETF—one that can be traded directly from a crypto wallet, enabling 24/7 trading and breaking the limitations of traditional brokerage accounts and market hours. The product covers asset classes including U.S. equities, fixed income, and gold. It will initially launch in Europe, the Asia-Pacific, the Middle East, and Latin America. A U.S. rollout remains contingent on regulators providing further clarity on blockchain-based exchange-traded funds.

On March 25, Politico reported that U.S. House Speaker Mike Johnson stated "Operation Epic Fury" is nearing completion. "Operation Epic Fury" is a meticulously planned, unprecedentedly large U.S.-Israel joint operation aimed at fully dismantling the Iranian regime’s core threats—including its nuclear ambitions, ballistic missile arsenal, naval capabilities, and ability to support terrorist proxy networks.

March 25 – According to CCTV News, Russian Foreign Ministry spokesperson Maria Zakharova said Wednesday the U.S. has again called for negotiations with Iran, without ruling out the possibility its goal is to create conditions for redeploying armed forces and adjusting military plans. Previous reports note the U.S. government proposed a 15-point conflict resolution plan to Iran via Pakistan, covering nuclear programs, missile capabilities and regional issues. The U.S. is considering pushing for a one-month ceasefire to facilitate further talks on terms. Additionally, U.S. officials including former President Donald Trump have recently stated the U.S. has engaged in dialogue with Iran and outlined key points of an agreement. However, multiple Iranian officials have denied reports of U.S.-Iran negotiations.