Bill Gurley points out that the AI wave has caused many people to rapidly accumulate wealth, forming a bubble, and he anticipates a reset is coming. He advises investors to focus on undervalued SaaS stocks, as the current software sector is being impacted by AI, with related company stock prices declining significantly. Meanwhile, he expresses concern about the high cash burn rate of leading AI companies.

A smart money address deposited 330 cbBTC to a CEX on March 16, incurring a loss of approximately $54,000. Since February, the address has accumulated 53,392 ETH and 4,000 cbBTC, with a total value of $420 million. At one point, the assets shrank by over $73.65 million.

Ripple Chief Executive Officer Brad Garlinghouse stated that the company will focus on developing enterprise blockchain applications, particularly the application of stablecoins in financial scenarios. Financial institutions' attention to digital assets continues to rise, and the efficiency improvements of blockchain technology in core business areas such as fund management have become a focus for management. Major institutions are actively deploying stablecoins to advance the development of enterprise-grade cryptocurrency payments.

The Across development team plans to convert DAO governance into private company management, leading to an increase in ACX token prices. The new structure aims to improve the company's ability to sign commercial contracts and stabilize revenue, while allowing token holders to exchange their tokens for company shares at a 1:1 ratio or opt for buybacks at prices above market value. This transition could spark a new wave of growth in blockchain technology and is regarded as a significant example in the evolution of crypto governance models.

Pi Network community receives positive news with mainstream exchanges listing Pi coin on March 13, with market attention surging dramatically. Technical analysis shows PI/USDT in an uptrend with strong buying pressure, though short-term pullback risks warrant attention. This event could drive Pi coin to break through current price levels and form a new wave of upward momentum.

Iran warns that if the US and Israel continue military actions, oil prices could soar to $200, potentially intensifying inflation and affecting the Bitcoin market. Although Bitcoin has recently rebounded, geopolitical conflicts have caused its performance to remain unstable, and analysts indicate that there may be significant fluctuations in the future, so investors should stay alert to potential risks.

Multicoin Capital's proposed concept of the "Internet Labor Market" emphasizes earning cryptocurrencies through work, which is expected to drive user growth. Users can earn tokens by contributing labor, and this model combined with artificial intelligence optimizes task execution and verification, eliminating traditional processes.

Gate News Report, on March 10, Iran's Islamic Revolutionary Guard Corps announced the implementation of "Real Commitment 4" Operation Wave 37 in the early hours of March 11 local time. The operation involved missile strikes targeting U.S. military bases in Erbil, Iraq, the U.S. Fifth Fleet, and Tel Aviv in Israel. As a result, WTI crude oil (West Texas Intermediate crude futures) experienced a short-term decline and turned downward, currently trading at $85.9, down 0.61%, after previously rising over 2%.

Market analysis indicates that XRP may soon initiate the fifth wave, with the price expected to rise to $18, representing a potential increase of 1156%. Analysts point out that the current phase is at the end of the fourth wave, which could attract significant capital in the future. Investors should pay attention to key support and resistance levels.

Gate News Report, March 8 — According to on-chain analyst Ai Yi's monitoring, a large trader who made a profit of $185,000 through ETH swing trading on March 3 has made another move. Three hours ago, this address withdrew 6,898.98 ETH, worth $13.58 million, at a withdrawal price of $1,968.58. The last swing buy-in point for this address was at $2,056, with a suspected sell point at $2,083, and the holding period was a total of 3 days.