On March 27, Iranian media reported that the Iranian Revolutionary Guard announced the closure of the Strait of Hormuz, stating that any passage through this waterway will face 'severe measures.' All vessels 'traveling to and from ports of hostile allies and supporters of the U.S. and Israel' are prohibited from using any waterways or heading to any destinations. (Reuters)

Beijing, March 27th – The People's Bank of China (PBOC) recently convened its 2026 Financial Stability Work Conference. The meeting emphasized that in 2026, financial stability work must adhere to political guidance, strengthen theoretical understanding, establish and practice a correct view of performance, and deeply integrate Party building with business operations to ensure a high-standard start and high-quality progress for financial stability work during the "15th Five-Year Plan" period. The PBOC will continuously improve the system for preventing and resolving systemic financial risks, promote the in-depth and practical application of technology, strengthen financial risk monitoring, assessment, early warning, and early correction, and persistently curb the accumulation of new risks. Adhering to market-oriented and law-based principles, the PBOC will actively and prudently address financial risks in key areas and orderly reduce existing risks. Efforts will be made to deepen reforms of key financial institutions and promote increased capital replenishment through multiple channels. The capacity to prevent and control financial risks within an open framework will be enhanced to safeguard national financial security. A robust financial stability assurance system will be built, risk disposal resources and tools will be enriched, and the bottom line of preventing systemic financial risks will be resolutely maintained. (Source: People's Bank of China)

On March 27, the People's Bank of China (PBOC) recently convened the 2026 Financial Stability Work Conference. The conference emphasized that in 2026, financial stability work must adhere to political guidance, strengthen theoretical armament, establish and practice a correct view of performance, deeply integrate Party building with business operations, and ensure a high-standard start and high-quality progress for financial stability work during the "15th Five-Year Plan" period. The PBOC will continuously improve the system for preventing and resolving systemic financial risks, promote the in-depth and practical application of technology, strengthen the monitoring, assessment, early warning, and early correction of financial risks, and continuously curb the emergence of new risks. Adhering to market-oriented and law-based principles, the PBOC will actively and prudently address financial risks in key areas and orderly reduce existing risks. The central bank will deepen reforms of key financial institutions and promote multi-channel capital replenishment efforts. It will enhance financial risk prevention and control capabilities within an open framework and safeguard national financial security. The PBOC will solidify the financial stability guarantee system, enrich risk disposal resources and tools, and resolutely uphold the bottom line of preventing systemic financial risks from occurring. (People's Bank of China)

Market data shows that BTC has fallen below $68,000, currently priced at $67,986.63, with a 24-hour decline of 2.68%. The market is experiencing significant volatility, so please ensure proper risk management.

On March 27th, reports emerged claiming that two 20,000 TEU container ships belonging to COSCO Shipping Lines, the 'COSCO India Ocean' and 'COSCO Arctic Ocean', which were reportedly stranded in the Persian Gulf west of the Strait of Hormuz, had begun transiting the strait to return to China. A relevant负责人 (responsible person) from COSCO Shipping Lines stated that the aforementioned news is false and should not be believed. A check on ShipView reveals that both vessels are currently still within the gulf. (Shanghai Securities News)

A White House review has cleared a Labor Department proposal that could widen the path for crypto-linked exposure in 401(k) retirement plans.

Stretch shares are an on-ramp for people who believe Bitcoin will be around for the long term but can’t handle the near-term volatility, explained Michael Saylor.

On March 27, Goldman Sachs released a tactical research report indicating that the long-term adjustment of digital assets may be nearing its bottom. Chief Analyst James Yaro noted that since October 2025, crypto-related stocks have fallen by 46%, and the current valuations are becoming 'increasingly attractive' for long-term investors. This shift in Goldman Sachs' stance comes as Bitcoin experiences a period of 'volatile but overall sideways' movement. In the first quarter of 2026, Bitcoin has established strong support in the range of $60,000 to $75,000. The bank pointed out that the significant reduction in 'passive selling' by ETFs and large institutional investors is one of the main drivers for market stabilization. Despite the Federal Reserve's hawkish stance and ongoing geopolitical uncertainties, Goldman Sachs believes the market has successfully absorbed the effects following the 'frenzy' of 2025 and is now entering a constructive consolidation phase. This 'bottoming logic' is further supported by Goldman Sachs' own 13F holdings data: by the end of 2025, its total exposure to Bitcoin and Ethereum ETFs was nearly $2.36 billion. Additionally, Goldman Sachs upgraded the ratings for Coinbase and Figure Technologies to 'Buy' and reallocated to XRP, signaling a return of institutional confidence.

On March 27, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net outflow of $92.97 million yesterday.

On March 27, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $171.44 million yesterday.