🚨 CRYPTO: SOLANA STABLECOIN VOLUME HITS RECORD $650B IN FEBRUARY, NEARLY 9X CME GOLD FUTURES@solana processed a record $650 billion in stablecoin transactions in February 2026, nearly tripling month-over-month, according to The Kobeissi Letter. Aggregate stablecoin transaction volume across all chains is now approaching a record $2 trillion per month.For perspective, CME Group futures trading in gold just hit a record $208 billion per month. Stablecoin volumes are now nearly 9 times the size of gold futures ...

Market Overview - Wall Street is experiencing a historic rally, with major indexes closing the first quarter with significant momentum, driven by a breakout in the technology sector and a decline in the CBOE Volatility Index (^VIX) by 17.51% to 25.25, indicating a renewed appetite for risk [1] Major Market Indexes Performance - The Nasdaq Composite (^IXIC) surged 795.99 points, or 3.83%, reaching 21,590.63, led by strong performances in the semiconductor and software sectors [2] - The S&P 500 (^GSPC) gained 184.80 points, or 2.91%, closing at 6,528.52, while the Dow Jones Industrial Average (^DJI) increased by 1,125.37 points, or 2.49%, to 46,341.51 [2] Small-Cap and Fixed-Income Market - Small-cap stocks, represented by the Russell 2000 (^RUT), rose 3.41% to 2,496.37, benefiting from the overall market rally [3] - The 30-year Treasury Yield (^TYX) fell 0.29% to 4.8910, providing breathing room for growth stocks [3] Sector Highlights - The cannabis sector is the top-performing industry, with the AdvisorShares Pure US Cannabis ETF (MSOS) increasing by 13.13% [4] - Biotech stocks are also gaining traction, as the SPDR S&P Biotech ETF (XBI) rose 7.40% [4] - In commodities, Gold Futures (GC=F) surged 3.08% to $4,697.90, while the Junior Gold Miners ETF (GDXJ) increased by 7.09% [4] - The energy sector is facing challenges, with Crude Oil Futures (CL=F) dropping 1.41% to $101.43 per barrel, impacting related ETFs [5] Corporate News - Apellis Pharmaceuticals Inc. (APLS) saw a significant premarket move, with its stock price climbing 136.4% to $40.40 [6] - Centessa Pharmaceuticals plc (CNTA) also posted gains of 45.2% [6] - Major tech companies like Nvidia (NVDA), Apple (AAPL), and Microsoft (MSFT) are trading higher, contributing to the Nasdaq's outperformance [7] Earnings and Upcoming Events - The earnings calendar is active, with McCormick & Company Incorporated (MKC) reporting Q1 results, alongside updates from FactSet Research Systems Inc. (FDS) and TD SYNNEX Corporation (SNX) [8] - Anticipation is high for Nike Inc. (NKE) to report Q3 EPS of $0.29, with other notable companies including PVH Corp. (PVH) and luxury retailer RH (RH) also reporting [9] - Tomorrow, the market will focus on reports from ConAgra Brands Inc. (CAG), MSC Industrial Direct Company Inc. (MSM), and Cal-Maine Foods Inc. (CALM), while monitoring economic data for insights on the Federal Reserve's interest rate decisions [10]

Market Overview - The U.S. stock market is set for a strong opening on March 31, 2026, with major index futures showing significant gains, indicating a bullish sentiment as the first quarter concludes [1] - S&P Futures are trading at 6460.25, up 72.00 points (1.13%), Nasdaq Futures at 23402.25, up 262.50 points (1.13%), and Dow Futures at 45971.00, up 506.00 points (1.11%) [2] Sector Performance - The energy sector is leading with the United States Oil Fund (USO) up 4.53%, indicating strong bullish momentum [3] - Financials are also performing well, with the Financial Select Sector SPDR Fund (XLF) up 1.15%, showing bullish divergence despite recent pressures [3] - Conversely, the Semiconductor ETF (SMH) is down 3.93%, the Solar Power ETF (TAN) is down 2.99%, and the Cannabis ETF (MSOS) is down 3.96%, indicating a rotation out of growth-sensitive sectors [4] Major Stock Movements - Apellis Pharmaceuticals Inc. (APLS) has surged 135.5% to $40.25 on high volume, driven by significant corporate developments [5] - Classover Holdings Inc. (KIDZ) is up 64.6%, and Centessa Pharmaceuticals plc (CNTA) has risen 45.6% to $40.15 [5] - On the downside, PepGen Inc. (PEPG) has dropped 52.0% to $2.03, and Phreesia Inc. (PHR) is down 26.4% to $8.40 following recent updates [6] Upcoming Earnings - McCormick & Company Incorporated (MKC) reported Q1 2026 results with an estimated EPS of $0.61, along with early reporters TD SYNNEX Corporation (SNX) and FactSet Research Systems Inc. (FDS) [8] - Nike Inc. (NKE) is set to release its Q3 2026 earnings after the market close, with analysts expecting an EPS of $0.29, which will be crucial for the retail sector [9] - ConAgra Brands Inc. (CAG) and Cal-Maine Foods Inc. (CALM) are scheduled to report before the market opens on April 1 [10]

Market Overview - Wall Street is signaling a robust opening with major indexes trading in the green as investors shake off recent volatility [1] - S&P 500 Futures are up 48.50 points (0.76%) at 6,436.75, Nasdaq Futures are up 159.75 points (0.69%) at 23,299.50, and Dow Futures have climbed 363.00 points (0.80%) to 45,828.00 [2] Sector Performance - The energy sector is a standout with Crude Oil Futures up 1.26% to $104.18 per barrel, boosting energy-related equities [3] - The United States Oil Fund (USO) is up 4.53%, while Financials and Insurance sectors are also showing positive momentum with the Financial Select Sector SPDR Fund (XLF) up 1.15% and the SPDR S&P Insurance ETF (KIE) up 1.61% [4] - Conversely, the semiconductor sector is facing challenges with the VanEck Semiconductor ETF (SMH) down 3.93%, and clean energy sectors like Solar Power (TAN) and Cannabis (MSOS) stocks are underperforming [5] Corporate News - 3 E Network Technology Group Ltd (MASK) is the top gainer, rising 57.3%, while Artelo Biosciences Inc. (ARTL) is up 28.3% [6] - On the downside, PepGen Inc. (PEPG) has dropped 45.9% and Phreesia Inc. (PHR) is down 26.8% [6] - Earnings reports include McCormick & Company (MKC) with an estimated EPS of $0.61 and TD SYNNEX Corporation (SNX) [7] - Nike Inc. (NKE) is set to report Q3 2026 earnings with analysts expecting an EPS of $0.29, which is crucial for market sentiment [8] Upcoming Economic Data - Attention is shifting towards upcoming economic data including manufacturing figures and the ADP employment report [9] - Federal Reserve commentary will be closely monitored for insights on interest rate paths for the second half of the year [9] - ConAgra Brands Inc. (CAG) and Cal-Maine Foods Inc. (CALM) are set to report tomorrow, keeping the focus on food inflation and consumer staples [9]

Group 1: Report General Information - Report Name: Precious Metals Data Daily [4] - Date: March 31, 2026 [5] - Research Center: Precious Metals and New Energy Research Center [5] - Analyst: Bai Suna [5] - Qualification Number: F3023916 [5] Group 2: Price Tracking Inner and Outer Disk Gold and Silver Prices - On March 30, 2026, London Gold Spot was $4528.84/oz, London Silver Spot was $70.30/oz, COMEX Gold was $4557.00/oz, COMEX Silver was $70.36/oz, AU2604 was 1011.02 yuan/g, AG2604 was 17756 yuan/kg, AU (T+D) was 1010.12 yuan/g, and AG (T+D) was 17682 yuan/kg [5] - Compared with March 27, 2026, the price increases were 1.6%, 0.7%, 2.3%, 0.7%, 1.6%, 1.1%, 1.5%, and 1.2% respectively [5] Price Difference/Ratio Tracking - On March 30, 2026, the gold TD - SHFE active price difference was -0.9 yuan/g, the silver TD - SHFE active price difference was -74 yuan/kg, the gold inner - outer disk (TD - London) price difference was 2.19 yuan/g, the silver inner - outer disk (TD - London) price difference was 2 yuan/kg, the SHFE gold - silver main ratio was 56.94, the COMEX gold - silver main ratio was 64.77, AU2604 - 2602 was 3.86 yuan/g, and AG2604 - 2602 was -49 yuan/kg [5] - Compared with March 27, 2026, the price difference increases were 650.0%, -10.8%, -41.7%, -104.8%, 0.5%, 1.6%, 10.9%, and -29.0% respectively [5] Group 3: Position and Inventory Data Position Data - As of March 27, 2026, the gold ETF - SPDR was 1052.7 tons, the silver ETF - SLV was 15409.46251 tons, the non - commercial long position of COMEX gold was 220861 contracts, the non - commercial short position was 52534 contracts, the net long position was 168327 contracts, the non - commercial long position of COMEX silver was 33938 contracts, the non - commercial short position was 9265 contracts, and the net long position was 24673 contracts [5] - Compared with March 26, 2026, the position increases were 0.00%, 0.00%, 2.27%, -6.34%, 5.29%, 9.04%, 0.23%, and 12.76% respectively [5] Inventory Data - On March 30, 2026, the SHFE gold inventory was 106644 kg, and the SHFE silver inventory was 374427 kg. On March 27, 2026, the COMEX gold inventory was 31713528 troy ounces, and the COMEX silver inventory was 328297364 troy ounces [5] - Compared with the previous period, the inventory increases were 0.00%, 0.71%, -0.60%, and -0.08% respectively [5] Group 4: Interest Rate/Exchange Rate/Stock Market Data - On March 30, 2026, the US dollar/Chinese yuan central parity rate was 6.92. On March 27, 2026, the US dollar index was 100.17, the 2 - year US Treasury yield was 3.88%, the 10 - year US Treasury yield was 4.44%, the S&P 500 VIX was 31.05, and the NYWEX crude oil was 101.18 [5] - Compared with the previous period, the increases were 0.12%, 0.26%, -2.02%, 0.45%, 13.16%, -1.67%, and 7.88% respectively [5] Group 5: Market Analysis Market Review - On March 30, the main contract of Shanghai gold futures closed up 2.28% to 1014.28 yuan/g, and the main contract of Shanghai silver futures closed up 2.8% to 17707 yuan/kg [5] Impact Analysis - The final value of the University of Michigan Consumer Sentiment Index in the US in March dropped to 53.3, highlighting consumers' concerns about geopolitical conflicts. The market trading logic is gradually shifting from inflation to stagflation, and the US Treasury yields have fallen from high levels, which supports the precious metals prices. However, the geopolitical situation between the US and Iran remains highly uncertain, and the continuous geopolitical conflict - related news fluctuates the market. Overall, Iran's attitude remains tough, the US is still increasing troops in the Middle East, and the risk of ground - war intervention is rising. The strong US dollar index and high crude oil prices may suppress the precious metals prices [5] Future Market Analysis - In the short term, with the repeated market news and geopolitical uncertainties, the precious metals prices are expected to fluctuate within a range but are likely to gradually bottom out. In the long term, the supporting factors (geopolitical uncertainties, the US huge debt, de - dollarization, central bank gold purchases, etc.) remain strong. As factors such as geopolitical conflicts and monetary policies become clearer, the precious metals market is expected to emerge from the adjustment and return to its long - term value center. Investors are advised to grasp the long - term layout opportunity during this deep adjustment [5]

Core Viewpoint - U.S. equity markets are experiencing significant strength as investors show optimism driven by robust commodity performance and anticipation of a busy week for corporate earnings and economic data [1] Major Market Indexes and Futures Activity - S&P Futures are up 48.75 points (0.76%) at 6,461.00, Dow Futures are up 334 points (0.74%) at 45,758.00, and Nasdaq Futures are up 166.75 points (0.71%) at 23,495.25 [2] Commodity Surge and Sector Performance - Gold Futures have surged by 1.65% to $4,599.00 per ounce, with the Junior Gold Miners ETF up 4.40% and the Gold Miners ETF rising 4.13% [4] - Crude Oil Futures have climbed 1.16% to $100.80 per barrel, leading the United States Oil Fund to a 5.92% gain in premarket trading, while Natural Gas is up 3.72% [5] Sector Performance - The Cannabis sector is down 8.12%, with the Genomics ETF and Biotech ETF down 5.66% and 3.48% respectively, indicating a muted risk-on appetite for speculative sectors [6] Major Stock News and Premarket Movers - PMGC Holdings Inc. has gained 143.7% on high volume, while EpicQuest Education Group is up 53.2% [7] - Nvidia and Microsoft are closely watched for their influence on Nasdaq momentum, with Tesla and Apple also in focus due to consumer spending concerns amid high oil prices [8] Upcoming Market Events - Fermi Inc. and Bicara Therapeutics reported earnings before the market opened, with Progress Software Corporation set for an after-hours release [10] - Nike Inc. is expected to report its third-quarter results on March 31st, with other notable reports from McCormick & Company, FactSet, and TD SYNNEX providing insights into consumer and enterprise spending [11] Federal Reserve Commentary - Investors are monitoring Federal Reserve commentary on inflation, as rising oil and gold prices may complicate interest rate adjustments in the coming months [12]

Group 1: Gold Price Trends - Gold futures opened at $4,520 per troy ounce, which is 0.1% lower than the previous closing price of $4,524.30, but remained above $4,500 in early trading [1] - Gold has increased nearly 4% in just one week, recovering from its lowest price of 2026 [1][2] - The one-year gain for gold was reported at 95.6% as of January 29 [4] Group 2: Oil Prices and Geopolitical Context - Brent Crude prices are up close to 75% for the year due to the ongoing war in Iran [2] - The geopolitical situation is causing traders to assess the legitimacy of U.S. peace talks, impacting market sentiment [2] Group 3: Economic Implications - The rise in fuel prices poses a risk of broader inflation in the U.S. and globally, which could lead to higher interest rates [3] - Higher interest rates typically reduce demand for gold, as it does not yield interest [3] Group 4: Gold Pricing Mechanisms - The spot price of gold is the current market price for physical gold, while gold futures prices are contracts for future transactions [6][8] - The spot price is generally lower than retail prices due to additional costs like premiums for refining and marketing [7]

Market Overview - The U.S. stock market experienced a significant sell-off on March 27th, 2026, driven by geopolitical tensions and declining consumer sentiment, with the Nasdaq Composite falling 459.72 points, or 2.15% [1] - The S&P 500 and Dow Jones Industrial Average also faced substantial losses, dropping 108.31 points (1.67%) and 793.47 points (1.73%) respectively [2] - The CBOE Volatility Index surged by 14.65% to a reading of 31.46, indicating heightened investor anxiety [2] Geopolitical Uncertainty and Economic Data - The ongoing conflict between the U.S. and Iran is a primary factor for the market downturn, with a moratorium on strikes announced by President Trump [3] - Crude Oil Futures rose 5.37% to $99.55 per barrel, while Gold Futures increased by 3.21% to $4,550.70, reflecting a "war premium" on commodities [3] - The University of Michigan's Consumer Sentiment Index fell to 53.3 from 56.6, and year-ahead inflation expectations rose to 3.8% from 3.4%, complicating the Federal Reserve's position [4] Major Stock News and Earnings - Carnival Corporation reported Q1 2026 earnings with an adjusted EPS of $0.20, beating estimates, but faced selling pressure due to lowered full-year guidance attributed to rising fuel costs and geopolitical issues [5] - Big Tech companies like Nvidia, Microsoft, and Alphabet saw significant declines, with Nvidia particularly affected by rising yields and competition in the AI space [6] - Artelo Biosciences experienced a notable increase of over 149% in pre-market trading due to positive clinical updates [7] Upcoming Market Events - The market is focused on the April 6th deadline regarding the Iran conflict, with potential diplomatic de-escalation possibly leading to a relief rally [8] - Upcoming earnings reports include Bicara Therapeutics and Nike, with Nike's report expected to provide insights into global consumer health [9][10]

Market Overview - The U.S. stock market experienced significant selling pressure, with all three major benchmarks trading in the red, indicating a "risk-off" sentiment among investors [1] - The Dow Jones Industrial Average fell by 703.99 points (1.53%) to 45,256.12, the S&P 500 decreased by 95.26 points (1.47%) to 6,381.90, and the NASDAQ Composite dropped by 429.35 points (2.01%) to 20,978.73 [2] Volatility and Investor Sentiment - The CBOE Volatility Index surged by 10.61% to 30.35, indicating heightened investor anxiety, with a level above 30 suggesting potential turbulent price action [3] - Small-cap stocks also faced declines, with the Russell 2000 falling by 1.58% to 2,453.94 [3] Sector Performance - The commodities sector showed resilience, with energy and metals leading gains; the United States Oil Fund rose by 4.79%, supported by a 4.36% increase in Crude Oil Futures, now at $98.60 per barrel [4] - Precious metals acted as a hedge against market declines, with Gold Futures increasing by 2.47% to $4,517.70, positively impacting the VanEck Gold Miners ETF and Junior Gold Miners ETF [5] High-Growth and Speculative Sectors - High-growth sectors were hit hard, with the ARK Genomics Revolution ETF declining by 5.66%, and the cryptocurrency market also facing losses; the iShares Bitcoin Trust fell by 4.33% and the iShares Ethereum Trust by 3.55% [6] - The Consumer Discretionary Select Sector SPDR Fund decreased by 2.70%, reflecting concerns about inflation's impact on consumer spending [6] Corporate Earnings and News - Carnival Corporation reported Q1 2026 earnings with an estimated EPS of $0.18, but the stock was affected by the broader market downturn [7] - In the biotech sector, Artelo Biosciences Inc. saw a significant price surge of 149.8% due to positive clinical developments, while Onconetix Inc. and VisionSys AI Inc. also experienced notable gains [8] Large-Cap Tech Performance - Large-cap tech stocks contributed to the NASDAQ's decline, with Nvidia, Apple, and Microsoft facing downward pressure amid a general rotation out of high-valuation tech stocks [9] - The 30-year Treasury Yield increased to 4.957%, making future earnings for growth stocks less attractive [9] Upcoming Earnings Reports - Investors are preparing for a busy week ahead, with Progress Software Corporation scheduled to report earnings on March 30, followed by several other companies including McCormick & Company and TD SYNNEX Corporation on March 31 [10] - The most anticipated report will be from Nike Inc. on March 31, providing insights into global consumer health [11]

Market Overview - U.S. equity markets are experiencing a significant pullback, with a "risk-off" sentiment prevailing on Wall Street as investors rotate out of high-growth sectors into traditional safe havens [1] - The CBOE Volatility Index (VIX) has surged over 5% to reach 28.89, indicating increased market anxiety as the first quarter concludes [1] Major Index Performance - The Nasdaq Composite (^IXIC) is leading the decline, down 248.10 points, or 1.16%, trading at 21,159.98 [2] - The S&P 500 (^GSPC) has fallen 0.84% to 6,422.56, while the Dow Jones Industrial Average (^DJI) is down 447.68 points, or 0.97%, currently at 45,512.43 [2] Small-Cap and Treasury Yields - Small-cap stocks, represented by the Russell 2000 (^RUT), are also declining, down 0.59% [3] - The 30-Year Treasury Yield (^TYX) has increased to 4.949%, reflecting concerns about long-term interest rates [3] Commodities and Safe Havens - Commodities are experiencing significant gains, with Gold Futures (GC=F) up 3.26% to $4,552.70 and Silver (SLV) gaining 5.50% [4] - The energy sector shows strength, with Crude Oil Futures (CL=F) rising 3.65% to $97.93 per barrel, contributing to bearish sentiment in the broader market [5] Corporate Earnings and Stock Performance - Carnival Corporation (CCL) reported an estimated EPS of $0.18 for Q1 2026, highlighting the health of the travel and leisure sector [6] - Major tech stocks, including Nvidia (NVDA), Apple (AAPL), Microsoft (MSFT), and Alphabet (GOOGL), are under selling pressure as investors shift away from AI-driven tech [6] Speculative Moves in Micro-Cap Stocks - Several micro-cap stocks, such as Artelo Biosciences Inc. (ARTL) and Onconetix Inc. (ONCO), saw significant speculative gains of 149.8% and 83.2%, respectively, though these moves are isolated from the broader market trend [7] Upcoming Market Events - Investors are looking ahead to major earnings reports, including Nike Inc. (NKE) on March 31st, which will be closely monitored as a bellwether for global consumer health [8] - Upcoming economic data regarding inflation and manufacturing activity is anticipated to influence Federal Reserve policy decisions [9]