Why are oil prices still above $100 after the release of 400 million barrels?
400 million barrels. This is the largest scale strategic oil reserve release by the 32 member countries of the International Energy Agency (IEA) in its 50-year history. On March 11, when the IEA announced this decision, Brent crude oil closed at $90.42 that day. Today, 12 days later, oil prices are above $107.
The story begins on February 28. After the United States and Israel launched a joint strike against Iran, Iran threatened to attack tankers passing through the Strait of Hormuz, nearly paralyzing the world's most important oil transportation chokepoint. According to IEA data, the current actual traffic in the Strait is less than 10% of pre-war levels. Brent crude oil skyrocketed from about $65 before the war, reaching $119.5 during intraday trading on March 9, an increase of nearly 80% in two weeks.
Odaily Planet Daily News: Due to Trump's ultimatum to Iran increasing the risk of further disruptions in Middle Eastern energy supplies, emerging market asset prices have fallen. On Monday morning, the MSCI Emerging Markets Index dropped by 2.5%, primarily affected by the decline in stock prices of South Korean chip manufacturers. As the war in Iran has lasted for four weeks with no signs of easing, risk assets continue to face pressure. 'Our view is that it is time to remain cautious rather than panic,' said Martin Schulz, head of international equity investments at Federated Hermes. '(The duration of the conflict) is the main issue. The longer this situation lasts, the worse it will get.' (Jin Shi)
Odaily Planet Daily News According to Onchain Lens monitoring, a certain whale (0xEe0A...b71C) withdrew 55,000 HYPE from Gate, worth 2.1 million US dollars. This whale currently holds a total of 194,557 HYPE, with a total value of 7.44 million US dollars.
Odaily Planet Daily News According to Whale Alert monitoring, USDC Treasury executed a destruction operation on the Ethereum chain, destroying a total of 50,000,000 USDC.
Odaily Planet Daily News: Due to Trump's ultimatum to Iran increasing the risk of further disruptions in Middle Eastern energy supplies, emerging market asset prices have fallen. On Monday morning, the MSCI Emerging Markets Index dropped by 2.5%, primarily affected by the decline in stock prices of South Korean chip manufacturers. As the war in Iran has lasted for four weeks with no signs of easing, risk assets continue to face pressure. 'Our view is that it is time to remain cautious rather than panic,' said Martin Schulz, head of international equity investments at Federated Hermes. '(The duration of the conflict) is the main issue. The longer this situation lasts, the worse it will get.' (Jin Shi)
Odaily Planet Daily News According to Onchain Lens monitoring, a certain whale (0xEe0A...b71C) withdrew 55,000 HYPE from Gate, worth 2.1 million US dollars. This whale currently holds a total of 194,557 HYPE, with a total value of 7.44 million US dollars.
Odaily Planet Daily News According to Whale Alert monitoring, USDC Treasury executed a destruction operation on the Ethereum chain, destroying a total of 50,000,000 USDC.
Odaily Planet Daily reported that according to SoSoValue data, during the trading days last week (Eastern Time from March 16 to March 20), the net inflow for the XRP spot ETF was $640,000.
Last week, the XRP spot ETF with the highest net inflow was the Bitwise ETF XRP, with a weekly net inflow of $4.6369 million, bringing the total historical net inflow of XRP to $375 million. The second was the Canary ETF XRPC, with a weekly net inflow of $1.9782 million, bringing the total historical net inflow of XRPC to $421 million.
Last week, the XRP spot ETF with the highest net outflow was the 21Shares ETF TOXR, with a weekly net outflow of $5.9786 million, bringing the total historical net outflow of TOXR to $23.87 million.
The net inflow of SOL spot ETF last week was $21.10 million
Odaily Planet Daily News According to SoSoValue data, the net inflow of SOL spot ETF was $21.10 million last week (March 16 to March 20, Eastern Time).
The SOL spot ETF with the highest net inflow last week was Bitwise ETF BSOL, with a weekly net inflow of $20.9863 million, and the total historical net inflow of BSOL currently stands at $803 million. The second was Franklin ETF SOEZ, with a weekly net inflow of $0.767 million, and the total historical net inflow of SOEZ currently stands at $8.24 million.
The SOL spot ETF with the highest net outflow last week was Fidelity ETF FSOL, with a weekly net outflow of $1.12 million, and the total historical net inflow of FSOL currently stands at $151 million.
The Ethereum spot ETF had a net outflow of $59.940 million last week, with BlackRock's ETHA leading the way with a net outflow of $69.5865 million.
Odaily Planet Daily News According to SoSoValue data, last week on trading days (Eastern Time from March 16 to March 20), the Ethereum spot ETF had a net outflow of $59.940 million.
Last week, the Ethereum spot ETF with the highest net outflow was the BlackRock ETF ETHA, with a weekly net outflow of $69.5865 million. Currently, the historical total net inflow of ETHA has reached $11.910 billion. The second was the Fidelity ETF FETH, with a weekly net outflow of $61.6216 million. Currently, the historical total net inflow of FETH has reached $2.320 billion.
Last week, the Ethereum spot ETF with the highest net inflow was the Grayscale Ethereum Trust ETH, with a weekly net inflow of $6.8702 million. Currently, the historical total net inflow of ETH has reached $1.850 billion.
Odaily Planet Daily News According to SoSoValue data, last week's trading days (Eastern Time March 16 to March 20) XRP spot ETF net inflow was $640,000.
The XRP spot ETF with the highest net inflow last week was Bitwise ETF XRP, with a weekly net inflow of $4,636,900, and the total historical net inflow of XRP has reached $375,000,000. The second was Canary ETF XRPC, with a weekly net inflow of $1,978,200, and the total historical net inflow of XRPC has reached $421,000,000.
The XRP spot ETF with the highest net outflow last week was 21Shares ETF TOXR, with a weekly net outflow of $5,978,600, and the total historical net outflow of TOXR has reached $23,870,000.
The Bitcoin spot ETF had a net inflow of $95.18 million last week, achieving net inflows for four consecutive weeks.
Odaily Planet Daily reported that according to SoSoValue data, the net inflow of the Bitcoin spot ETF was $95.18 million during the last trading days (Eastern Time from March 16 to March 20).
The Bitcoin spot ETF with the largest net inflow last week was the BlackRock ETF IBIT, with a weekly net inflow of $191 million. Currently, the historical total net inflow of IBIT has reached $63.26 billion. The second was the Franklin ETF EZBC, with a weekly net inflow of $6.21 million, and the historical total net inflow of EZBC has reached $375 million.
The Bitcoin spot ETF with the largest net outflow last week was the Fidelity ETF FBTC, with a weekly net outflow of $50.07 million. Currently, the historical total net inflow of FBTC has reached $10.94 billion.
Odaily Planet Daily News Paul Frambot posted on platform X, stating that today Resolv experienced a security incident affecting USR and related assets RPL, as well as the lending market that uses these assets as collateral. In the approximately 500 deposits exceeding $10,000 in the Morpho Vault, about 15 Vaults have significant risk exposure to the affected market. The affected Vaults are designed for high-risk strategies and long-tail collateral assets, while other unaffected Vaults (including low-risk 'premium Vaults') were not impacted. Curators have responded swiftly, and the Morpho team has provided tools such as a curator application, redistribution robots, and extreme situation handling documentation to assist in the response.
The SOL spot ETF had a net inflow of 21.10 million USD last week
Odaily Planet Daily reports that according to SoSoValue data, the net inflow of the SOL spot ETF during the last trading days (Eastern Time March 16 to March 20) was 21.10 million USD.
The SOL spot ETF with the highest net inflow last week was the Bitwise ETF BSOL, with a weekly net inflow of 20.9863 million USD, and the total historical net inflow for BSOL currently stands at 803 million USD. Following that is the Franklin ETF SOEZ, with a weekly net inflow of 0.7670 million USD, and the total historical net inflow for SOEZ currently stands at 8.24 million USD.
The SOL spot ETF with the highest net outflow last week was the Fidelity ETF FSOL, with a weekly net outflow of 1.12 million USD, and the total historical net inflow for FSOL currently stands at 151 million USD.
Ethereum spot ETF had a net outflow of 59.940 million USD last week, with BlackRock ETHA leading the net outflow at 69.5865 million USD.
Odaily Planet Daily reported that according to SoSoValue data, during the trading days last week (Eastern Time March 16 to March 20), the Ethereum spot ETF had a net outflow of 59.9400 million USD.
Last week, the largest net outflow for Ethereum spot ETF was the BlackRock ETF ETHA, with a weekly net outflow of 69.5865 million USD. Currently, the total historical net inflow for ETHA has reached 11.910 billion USD. The second was the Fidelity ETF FETH, with a weekly net outflow of 61.6216 million USD, and the total historical net inflow for FETH has reached 2.320 billion USD.
Last week, the Ethereum spot ETF with the highest net inflow was the Grayscale Ethereum Trust ETH, with a weekly net inflow of 6.8702 million USD. Currently, the total historical net inflow for ETH has reached 1.850 billion USD.
Bitcoin spot ETF had a net inflow of 95.18 million USD last week, achieving net inflows for four consecutive weeks.
Odaily Planet Daily News According to SoSoValue data, during the last trading days (Eastern Time March 16 to March 20), the net inflow of Bitcoin spot ETF was 95.18 million USD.
The Bitcoin spot ETF with the highest net inflow last week was BlackRock ETF IBIT, with a weekly net inflow of 191 million USD, and the historical total net inflow of IBIT has reached 63.26 billion USD. The second was Franklin ETF EZBC, with a weekly net inflow of 6.21 million USD, and the historical total net inflow of EZBC has reached 375 million USD.
The Bitcoin spot ETF with the highest net outflow last week was Fidelity ETF FBTC, with a weekly net outflow of 50.07 million USD, and the historical total net inflow of FBTC has reached 10.94 billion USD.
Odaily Planet Daily News Paul Frambot posted on platform X, stating that today Resolv experienced a security incident affecting USR and related assets RPL, as well as the lending market that uses these assets as collateral. In the approximately 500 deposits exceeding $10,000 in the Morpho Vault, about 15 Vaults have significant risk exposure to the affected market. The affected Vaults are designed for high-risk strategies and long-tail collateral assets, while other unaffected Vaults (including low-risk 'premium Vaults') were not impacted. Curators have responded swiftly, and the Morpho team has provided tools such as a curator application, redistribution robots, and extreme situation handling documentation to assist in the response.
Odaily Planet Daily News XT.COM will launch the PAYPUSDT U-based perpetual contract on March 23, 2026, at 23:00 (UTC+8), with a maximum support of 10 times leverage.
It is reported that the PAYPUSDT contract currently does not support copy trading functionality. XT stated that more contract trading pairs will be continuously launched later, along with related activities.
Odaily Planet Daily News According to reports from Al Jazeera's Arabic channel correspondent in Tehran, the scale and intensity of the explosion in the Iranian capital is "unprecedented", especially concentrated in the eastern part of the city. (Golden Ten)
Goldman Sachs interprets 'How long will the Iran war last': the market has only traded 'inflation' and has not yet traded 'recession'
Original author: Gao Zhimou
Original source: Wall Street Insights
Goldman Sachs warned in its latest flagship macro report (Top of Mind) released on March 20 that current global assets have only fully priced in the "inflation shock" while completely ignoring the devastating impact of high energy costs on global economic growth.
The report states that the "deadlock" in the Strait of Hormuz means that the war is unlikely to end in the short term. Once market expectations are proven false, the "downward growth (recession)" will be the second shoe to drop, and at that time, global asset pricing will face an extremely violent reversal.