Gate News reported that on March 13, Bank of America stated that the Federal Reserve will have to address the supply shock from soaring oil prices. In the Summary of Economic Projections (SEP) released ahead of the March Federal Reserve meeting, overall and core inflation forecasts are likely to be revised upward. The Bank of America report points out that if long-term growth expectations are also revised upward, the median dot plot for long-term interest rates could move slightly higher. In this case, Federal Reserve Chairman Powell may acknowledge stagflation risks while emphasizing a wait-and-see approach.

Gate News report: On March 13, most cryptocurrency stocks rose at the US market opening. Over the past 24 hours, MARA rose 8.5%, CIFR rose 7.7%, CRCL rose 5%, MSTR rose 3.9%, COIN rose 2.1%; BTGO fell 1.8%, GEMI fell 0.6%.

On March 13, the three major U.S. stock indices opened higher, with the Dow Jones up 0.47%, the S&P 500 up 0.5%, and the Nasdaq up 0.49%. Star tech stocks such as Micron and Intel rose, and multiple cryptocurrency concept stocks performed strongly, with MSTR up 4.70%.

Velotrade launched a crypto proprietary trading platform on March 13, enabling traders to manage accounts ranging from $5,000 to $200,000 without using their own funds, with profits shared accordingly. The platform will support trading of crypto assets, utilize AI technology to bridge institutional liquidity, and offer leverage of up to 6 times for BTC and ETH trading.

Gate News reports that on March 13, Nasdaq-listed company UTime announced it has signed a non-binding letter of intent to acquire 100% equity of Web3 data platform Feixiaohao for up to 80 million dollars. The transaction consideration includes 64 million dollars in stock or convertible preferred stock, and 16 million dollars in cash. The transaction is pending execution of formal agreements and satisfaction of closing conditions.

Gate News Alert: On March 13, U.S. stock market pre-trading cryptocurrency concept stocks surged significantly, including: MSTR up 3.94%; COIN up 3.21%; HOOD up 0.95%; ABTC up 3.71%; SBET up 2.01%; BMNR up 3.94%; CRCL up 2.38%.

Influenced by the rise in crude oil futures, trading in Gate TradFi's metals sector is active. SLVONUSDT is currently priced at $74.5, with a 24-hour trading volume of $1,255,500 and a 19% increase; XPTUSDT is now quoted at $2,074, with a futures trading volume of $3,380,700 and a 45.98% increase. Gate TradFi offers various types of CFD trading with leverage up to 500x.

On March 13, the Gate platform's gold (XAUT) 24-hour contract trading volume reached $56.2331 million, up 32.07% from the previous period, ranking third globally; silver (XAG) trading volume was approximately $153 million, also ranking third globally. The 24-hour highest prices for gold and silver were $5148.8 and $87.45 respectively.

TRUMP token broke through $3.7 on March 13, currently trading at $3.774, with a 24-hour gain of 32.51%. Trump will host a grand luncheon for token holders, with participation eligibility based on holdings and purchase of specific merchandise. The first 297 holders can attend, and the top 29 will be invited to a VIP reception.

Middle East conflict escalation drives oil price increases, raising U.S. short-term inflation expectations and affecting Federal Reserve rate-cut prospects. The one-year breakeven inflation rate reached 4.62%, while the two-year rate stands at 3.18%. High oil prices may make it difficult for the Federal Reserve to cut rates, with the probability of no rate cuts in 2026 expected to rise to 44.7%.