Institutional prime brokerage LTP has reached a strategic partnership with Singapore Gulf Bank to integrate fiat and digital asset infrastructure, providing compliant funding solutions for institutional clients, including real-time settlement, fiat custody, and capital efficiency enhancement services.

The Russian government has approved the Digital Currency and Digital Rights Bill. The central bank will review and authorize digital assets permitted for circulation, establish strict listing conditions, ban privacy coins, set an annual investment limit of $4,000 for investors, impose substantial fines and prison sentences on non-compliant exchanges and mining enterprises, and the bill must complete review by 2026.

Cryptocurrency industry professionals first saw revised provisions of the Digital Asset Market Clarity Act at a conference on Capitol Hill in Washington, which prohibit profiting from holding stablecoins and restrict practices similar to bank deposits. The breakthrough compromise allows activity-based rewards but not balance-based ones. The bill's progress still needs to address DeFi regulation and other obstacles.

Investment bank Mizuho lowered its price target for a certain cryptocurrency trading platform from $26 to $12, as weak trading performance offset growth in the credit card business. Analysts noted that weakness in crypto assets and decreased trading volume limited near-term revenue growth. Although card business expansion occurred, it was insufficient to offset the decline in trading business. The revenue structure has shifted, with service revenue expected to account for nearly half of total revenue.

Gate News reports that on March 23rd, Texas Capital Securities, an investment bank with $3.5 billion in assets under management, initiated a buy rating on Bitcoin treasury company Strategy (MSTR) with a price target of $200.

South Korean President Lee Jae-myung nominated Shin Heung-soon as central bank governor, sparking new developments in stablecoin regulation. Shin Heung-soon takes a cautious approach, which may impact the legislative process for won-pegged stablecoins. The market is closely watching potential shifts in his stance on stablecoins. This personnel change comes at a critical policy juncture, with technology companies anticipating new regulations to advance digital finance.

On March 23rd, XRP declined 3.74%, trading at $1.39, down 62% from its 2025 high. Analysis suggests that weak market confidence is related to macroeconomic pressures. Despite price pressure, institutional infrastructure continues to expand, indicating that XRP has room to establish itself in the financial system. Future discussions may focus on the gap between price volatility and infrastructure expansion.

Gate News reports that on March 23rd, Bank of China released a reminder regarding strengthening risk prevention in the precious metals market. Recently, global geopolitical risks have intensified, and under multiple factors, domestic and international precious metals price volatility has further increased. To protect the interests of customers engaged in precious metals-related businesses such as accumulated gold, accumulated interest gold, and account precious metals, Bank of China specially reminds customers to implement market risk prevention measures, conduct rational investments based on their own financial situation and risk tolerance, reasonably control precious metals positions, and reduce the impact of phase-specific price fluctuations through long-term investment, thereby preventing fund loss risks brought about by market volatility.

Gate News reports that on March 23, Goldman Sachs updated its forecast for the European Central Bank (ECB) monetary policy, expecting the ECB to raise rates by 25 basis points in April and June 2026 respectively. Previously, Goldman Sachs predicted that the ECB would maintain rates unchanged this year.

The precious metals market is influenced by three factors: central banks shifting toward rate hikes, gold and silver breaking below the 100-day moving average, and selling pressure from increased positions in bonds and stocks, which could trigger margin calls.