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Gate Square Daily | Mar 16 — Key crypto and market updates I'm watching today.
1️⃣ Gate Product
Gate has launched GateRouter, a unified AI API designed to simplify AI integration while reducing inference costs by up to 80%. This could make AI development more accessible and efficient for builders.
2️⃣ Market Snapshot
Bitwise CIO shared a bold outlook, saying Bitcoin could potentially reach $1M if it captures a significant share of value currently held in gold and US Treasuries.
3️⃣ Industry News
Venus Protocol is suspected to have faced a flash-loan attack, while the token THE experienced large-scale liquidations during the event.
4️⃣ Macro
The International Energy Agency (IEA) is reportedly preparing to release record oil reserves, with Asia expected to receive supply first.
5️⃣ On-chain Update
The Ethereum Foundation sold 5,000 ETH worth around $10.2M to BitMine, a move that caught the attention of on-chain watchers.