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QCP Capital stated on the official TG channel that the cryptocurrency market is still in a roller coaster-like state. After news that the US would postpone tariffs on Mexico and Canada for a month, hinting at possible trade mediation, BTC briefly rebounded to $100,000. However, as China retaliated with new tariffs, BTC prices fell back to $98,000, and this relief was short-lived.   In addition, China has launched an Anti-Trust investigation against Google, indicating that China is prepared to escalate tensions by targeting major US technology companies. Any resulting sanctions or restrictions could put pressure on earnings and pose significant risks to risky assets.   As BTC climbed to $100,000 last night, the market also reacted to Trump's executive order instructing officials to create a US sovereign wealth fund. While some see this as a potential source of new demand for Bitcoin, details remain unclear - especially about how to fund it. Currently, trade uncertainty continues to cloud the outlook, and as of March, the options market is currently balanced between put options and bullish options.

After gaining support from over 50% of validators, the Ethereum network successfully raised the block gas cap for the first time under the PoS mechanism. Data shows that the gas cap has exceeded 31.50 million from the previous 30 million and is expected to eventually be adjusted to 36 million. This adjustment can be completed without a hard fork, providing support for network expansion. It is worth noting that the last gas cap adjustment for Ethereum occurred in 2021, when it was raised from 15 million to 30 million. Although the Dencun upgrade has improved network expansion performance, the gas cap adjustment is still necessary as the demand for DApps grows.