According to Huoxun Finance on March 12, the Canadian Foreign Minister stated that the G7 foreign ministers will meet in Paris from March 24 to 25 to discuss promoting diplomatic efforts to end the war with Iran.

In the past hour, total liquidations across the network reached $11.99 million, with $8.37 million from long positions, with $3.62 million from short positions. BTC liquidation $3.69 million, ETH liquidation $3.56 million.

Odaily Planet Daily reports that Unitas Labs, a yield-based stablecoin protocol, has completed a $13.33 million seed funding round, with participation from Amber Group, Blockchain Builders Fund, Taisu Ventures, Bixin Ventures, and SevenX Ventures. The funds will primarily be used to expand strategic development, strengthen infrastructure and risk systems, support compliant institutional access, and promote the integration of the DeFi ecosystem.

Odaily Planet Daily analyst Dara Doyle stated that the market interpreted the remarks of newly appointed Supreme Leader Mojtaba Khamenei as quite tough, with seemingly few signs that Iran is prepared to make concessions to the United States and Israel. In his first public statement since taking office, he stated that the Strait of Hormuz should remain closed and threatened to open new fronts in the war. This exacerbated market concerns about continued disruptions to supplies from key global oil chokepoints. US Treasury yields and oil prices rose sharply, stocks fell, and the US dollar index rose to a new intraday high. (Jinshi)

Odaily Planet Daily reports that Iran's newly appointed Supreme Leader, Mojtaba Khamenei, delivered his first public address on state television on March 12. The speech primarily addressed domestic unity, external conflicts, regional relations, and mourning for the late Leader Ali Khamenei. Regarding the current situation, Khamenei thanked the Iranian military and the "Resistance Front" armed forces, stating that Iranian soldiers had thwarted attempts by enemies to control or divide Iran. He also stated that Iran would continue to employ strategic measures, including the blockade of the Strait of Hormuz, and would open new fronts if necessary. On the regional situation, he called on neighboring countries to close military bases within their borders used by the United States, stating that Iran's targets were only the relevant military facilities, not the countries themselves. He also emphasized that Iran still hopes to maintain friendly relations with its neighbors. (CCTV News)