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BlockBeats News, March 25th, according to US media reports, the Pentagon has reached a series of framework agreements with major defense contractors to accelerate the production of key missile systems. These systems saw extensive use in the early stages of the US and Israel's war against Iran. According to the Pentagon's announcement, Lockheed Martin and BAE Systems have reached an agreement with the Department of Defense on a plan to "quadruple the production of the THAAD interceptor missile seeker." Earlier, the Department of Defense had reached a framework agreement with Lockheed Martin to quadruple the production of the THAAD interceptor missile. In another separate framework agreement, Honeywell Aerospace will invest $500 million over the next few years to "significantly increase the production of key components in the US ammunition stockpile," including navigation systems and other products. In addition, Lockheed Martin and the Pentagon will also increase the production of the Precision Strike Missile (PrSM), which is an alternative model to the Army's Tactical Missile System (ATACMS). (Jinshi)

LME copper prices rebound, SHFE copper inventories see their first decline of the year, Yangshan copper premium reaches a new high since June last year, but with uncertainty surrounding US-Iran relations, does the copper market have enough momentum to sustain its rebound?

According to Odaily, regarding the sharp correction in Circle's share price, investment bank Bernstein stated that the market has misinterpreted the US stablecoin regulatory draft, and that the current sell-off may exceed fundamental risks. Previously, Circle's share price fell by about 20% in a single day, at one point approaching the $100 mark, mainly due to provisions in the “Clarity Act” draft that aim to limit yield on stablecoin balances. However, Bernstein pointed out that this rule is targeted at the distributor end rather than the issuer. Analysts emphasized that it is important to distinguish between stablecoin issuers and distribution platforms: Circle earns interest arbitrage by investing around $80 billion of USDC reserves in short-term US Treasuries, generating about $2.64 billion in related income in 2025, but does not pay interest directly to token holders. (The Block)