According to Odaily Planet Daily, Mysten Labs CEO evan.sui stated in a recent interview that he does not agree with the notion that "bear markets are good, keep building." In fact, bear markets are not "great," nor are they something to celebrate or boast about. Volatility doesn't just "cleanse the market," but rather scares away builders and users, leading to a smaller talent pool and slower adoption. While bear markets might allow a few teams to focus more intently, packaging them as beneficial for everyone ignores the real costs and harms the long-term development of the crypto industry. During downturns, many people lose all their savings, face cash flow problems, and even some very strong teams may not survive, genuinely hurting many.

According to Odaily Planet Daily, in response to a question about whether he was aware that OpenClaw had opened an official Weibo account, OpenClaw founder Peter Steinberger stated on the X platform that he has never used Weibo and that the so-called "official Weibo" is not under his control.

According to Odaily Planet Daily, crypto KOL Phyrex Ni published an article on the X platform stating that recent private equity credit risks in the US have gradually emerged, specifically as follows: 1. BlackRock's HPS Corporate Lending Fund (approximately $26 billion in size) received redemption requests for approximately 9.3% of its fund units in the first quarter of 2026, amounting to about $1.2 billion. The fund's original quarterly repurchase cap was 5%, and this triggered the liquidity cap for the first time, resulting in approximately $620 million in actual redemptions. 2. Blackstone's BCRED received redemption requests for approximately 7.9% of its fund units in the same quarter, amounting to about $3.7 billion. Blackstone increased its repurchase cap from 5% to 7% and injected approximately $400 million of internal funds, of which over $150 million came from executives and senior employees. 3. Blue Owl's OBDC II, with approximately $1.6 billion in size, also faces redemption pressure. The fund sold approximately $1.4 billion in assets to North American pension and insurance institutions and changed its original quarterly 5% redemption framework to a maximum return arrangement of approximately 30%, involving approximately 128 companies across 27 industries. 4. Fitch data in February showed that the average redemption rate of its tracked perpetual unlisted BDCs rose to 4.5% NAV in the fourth quarter of 2025, a significant increase from 1.6% in the previous quarter, indicating that the pressure of capital withdrawal has spread throughout the retail private lending channel. 5. Institutional protective short positions in credit ETFs surged to a historical high, indicating that institutions are hedging against the solvency of underlying borrowers, the authenticity of book valuations, and the feasibility of redemptions. 6. Persistent high interest rates and the Fed's slow rate cuts have increased the difficulty of refinancing, leading to greater default risks and widening credit spreads in private lending. 7. AI infrastructure may also be impacted. As the credit environment tightens, the financing costs of data centers, servers, and supporting networks will rise, the pace of expansion will slow, and the financing pressure on AI-related projects will increase. S&P Global Ratings has identified "AI-driven technology bond issuance, AI valuation risks, and rising leverage in non-bank financial institutions" as key variables for credit market liquidity in 2026. Overall, tight liquidity in private lending has already manifested in several large funds, and if the high-interest-rate environment persists, redemption pressure and default risks may further increase.

Odaily Planet Daily reports that Saudi Aramco shares extended their gains to 4.3%, marking the largest increase since April 2023. Meanwhile, Middle Eastern stock markets rebounded, with the Oman Stock Exchange index rising 1.4% and the Saudi Stock Exchange index gaining 1.1% in early trading. (Jinshi)

Odaily Planet Daily reports that Iran's Islamic Revolutionary Guard Corps (IRGC) issued a statement saying that its navy launched a joint operation using drones and ballistic missiles early this morning, striking a US helicopter base. The statement said the attack precisely targeted helicopter maintenance facilities, helicopter and aircraft fuel tanks, and the command building, causing severe damage. Iran stated that a fierce fire broke out at the base after the attack, with large plumes of black smoke visible from a distance. The US has not yet responded. (CCTV News)