ByteDance's Volcano Engine cloud computing business has exceeded 1 trillion tokens in average daily large language model calls, with growth exceeding 60% since the Spring Festival. Individual user consumption has grown significantly, driving overall growth. ByteDance views MaaS as a core battleground for cloud computing, with a target of exceeding 10 billion yuan in revenue by 2026.

BlockBeats news, on March 25th, according to Markets' social media post, Markets mobile app is currently in the testing phase and will open limited slots to specific groups. The first batch of users will receive one free trade, sponsored by Markets.

10x Research analysis indicates that Circle and a certain CEX face intensifying stablecoin economic competition. Circle's stock price declined due to CLARITY Act uncertainty, but the act could bring structural benefits. Circle supports stablecoin regulation in exchange for legitimacy, while the certain CEX prioritizes short-term profitability. Their business models are opposing—under regulation, Circle may forgo high-profit distribution in exchange for sustained "regulatory certainty" and drive institutional adoption and financial integration.

Analyst Emmett Gallic revealed that GameStop purchased 4710 BTC in 2025 and pledged 4709 BTC as options collateral in January, resulting in confirmed accounts receivable of $368.3 million and generating a net loss of $131.6 million. The Bitcoin price has declined 25% since the pledge.

Gate News 消息，3 月 25 日，Arthur Hayes 在社交媒体发文表示，当前市场存在大量对未来利好前景的幻想。他表示个人当然希望杀戮能停止，但不会在这里买入风险资产。

On March 25th, spot gold prices surged over 5%, with a certain platform's GOLD contract price rebounding to $4,590. As a result, short whales were liquidated over $7.7 million in the $4,500-$4,520 range. Meanwhile, the floating profit of the largest on-chain gold short position declined from $6.3 million to $3.2 million.

HYPE Treasury Company Hyperliquid Strategies Inc announced the launch of options trading for PURR stock on the Nasdaq options market, aimed at enhancing liquidity and price discovery mechanisms. Chief Executive Officer David Schamis stated that options trading will help investors manage risk and participate in the company's rapid growth. Hyperliquid recently achieved a new high of $1.74 billion in total open interest due to surging trading volumes in oil perpetual contracts and other trades.

BlockBeats News, March 25th, according to Lookonchain monitoring, the whale that previously "sold 255 BTC to short" has opened a 40x short position of 1000 BTC (approximately $70.7 million) and a 20x long position of 202,155 xyz:BRENTOIL ($19.25 million). Both positions are currently in a loss state. The whale was once up $25.16 million in floating gains, but is now down $33.39 million in floating losses.

A certain CEX reported that traders are holding large open positions on Polymarket, predicting that BP's FDV after TGE will exceed $200 million, driving up BP's price. The CEX investigated and confirmed these traders are unrelated to it, taking a zero-tolerance stance on insider trading.