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10:49
After receiving approval from the U.S. Food and Drug Administration (FDA) for its brain injury-related obesity treatment, Rhythm Pharmaceuticals Inc. (RYTM) shares surged 7.4% in pre-market trading.
This major regulatory breakthrough has cleared the listing obstacles for the company's treatment product targeting hypothalamic obesity, significantly boosting investor confidence and directly reflected in the positive trend of its stock price.
10:45
Analysis: High Oil Prices Suppress Bitcoin Rebound, Market Remains Cautious
On March 20, Decrypt reported that Bitcoin briefly rose above $71,000 but has since retreated to around $70,547. This rebound occurred after U.S. Treasury Secretary Janet Yellen proposed measures to address soaring oil prices. Yellen stated that the U.S. is considering granting exemptions for certain sanctions on Iranian tankers already at sea and is further discussing the possibility of releasing strategic oil reserves. The previous day, Brent crude oil prices surged to $119 per barrel due to attacks on energy facilities in the Persian Gulf, which caused Bitcoin to drop below $70,000, triggering over $500 million in forced liquidations in the crypto market. Despite this, market participants remain vigilant. Analysts warn that if the critical chokepoint of global energy supply, the Strait of Hormuz, is blocked for an extended period, oil prices could rise further to $200 per barrel. GSR research analyst Carlos Guzman stated that Bitcoin's price movements are a second-order effect of rising energy prices: high energy prices may lead the Federal Reserve to maintain elevated interest rates for a longer period, and high rates are generally unfavorable for the crypto market, as a low-interest environment typically encourages investors to shift funds towards risk assets.
10:40
A whale holding 2,100 BTC transfers a small amount of BTC after 13.5 years of dormancy
Foresight News reported that, according to Onchain Lens monitoring, a whale address that had been dormant for over 13.5 years transferred a small amount of funds to a new wallet today. This whale currently holds 2,100 BTC, valued at approximately $148 millions. When the whale initially acquired these 2,100 BTC, the price per coin was only $6.59, with a total cost of about $13,839.
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