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According to on-chain analyst Onchain Lens, a whale has deposited 3 million USDC into Hyperliquid to open a new HYPE short position of 226,310 tokens, worth approximately $9 million, with 10x leverage. This move comes after the same whale previously closed a HYPE short position at a loss of $197,000 after holding it for about 48 days.

The U.S. House Financial Services Committee will hold a hearing on tokenization at 3:00 p.m. UTC on March 25, according to Eleanor Terrett, host of 'Crypto in America.' She added that Summer Mersinger, CEO of the Blockchain Association, is scheduled to testify as a witness.

Lily Liu, President of the Solana Foundation, has stated that blockchain gaming will not make a comeback, according to The Block. Her comment was reportedly in response to a Polymarket post suggesting that Meta is abandoning its $80 billion metaverse venture. The report noted that Solana, with its high speed and low fees, was once seen as key infrastructure for large-scale gaming. While Solana-based projects like Star Atlas and Stepn initially showed positive signs of user growth, they relied on a model that incentivized play through token rewards. The outlet added that these projects have been criticized for failing to develop the gameplay and world-building necessary to create a sustainable community.

Coinbase announced on X that it has enabled trading for Aethir (ATH), Raydium (RAY), PolySwarm (NCT), and Starknet (STRK) for residents of New York.

The Worldcoin (WLD) team appears to have conducted an over-the-counter (OTC) trade, according to on-chain analyst Onchain Lens. An associated address received 35 million USDC from Binance and FalconX before depositing 117 million WLD, worth approximately $38.73 million, to an exchange. Onchain Lens added that the address could belong to a market maker (MM).

The Altcoin Season Index from crypto data platform CoinMarketCap has risen two points from yesterday to 48. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens, against that of Bitcoin. An altcoin season is declared when 75% of these top coins outperform Bitcoin over the preceding 90 days; otherwise, it is considered a Bitcoin season. A reading closer to 100 indicates an altcoin season.

Cryptocurrency asset manager Grayscale has filed an S-1 registration form with the U.S. Securities and Exchange Commission (SEC) for a spot Hyperliquid (HYPE) ETF, Cointelegraph reported. The proposed ticker is "GHYP," with Coinbase designated as the custodian. Bitwise and 21Shares have previously submitted applications for HYPE ETFs.

The Argentine Football Association (AFA) has announced an official regional partnership with global cryptocurrency exchange Deepcoin, covering the entire 2026 FIFA World Cup cycle. The two parties plan to strengthen their digital business strategies by combining sports and advanced fintech. During the partnership, Deepcoin users will be offered a range of premium benefits, including autographed merchandise from Argentine national team players and opportunities to attend matches.

Bitmine (BMNR) has staked an additional 101,776 ETH, worth approximately $219 million, according to on-chain analyst Onchain Lens. This brings the total amount of ETH staked by Bitmine to 3,142,291 ETH, valued at $6.75 billion.

The Crypto Fear & Greed Index from data provider Alternative is at 12, up one point from yesterday, but the market remains in a state of extreme fear. The index indicates extreme market fear as it approaches 0 and extreme optimism as it nears 100. The Fear & Greed Index is calculated based on several factors: volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

Ashish Birla, CEO of Evernode, a digital asset treasury (DAT) firm focused on Ripple (XRP), has stated that the cryptocurrency's price is not rising despite a surge in on-chain activity because it is not yet functioning as a large-scale liquidity bridge. He explained that the kind of sustained utility demand that would drive XRP's value would come from banks and corporations using it for working capital. While Birla acknowledged positive signs of growing institutional use, he noted that this growth is currently being overwhelmed by traffic from individual retail users. He emphasized that although millions of retail transactions look excellent for network health and adoption metrics, a sustained, large-scale price increase requires the backing of substantial capital from institutional investors.

Harvard University professor Kenneth Rogoff warned in a recent Nikkei interview that the U.S. dollar's dominance is facing a serious crisis. He pointed to an abnormal market phenomenon where the dollar's value is falling while Treasury yields are rising, suggesting that central banks are selling off their dollar assets. Rogoff argued that the deteriorating credibility of U.S. Treasurys and the compromised independence of the Fed are decisive factors. "Interest costs on U.S. debt now exceed defense spending, yet politicians are numb to the debt," he said, adding that President Donald Trump's pressure for rate cuts and the Department of Justice's investigation into Chairman Powell are undermining market confidence. He highlighted that the dollar's share of foreign exchange reserves has fallen to 56%, its lowest level since 1994, and predicted that a multi-polar currency era will emerge in the next four to five years, with the yuan, euro, and crypto assets sharing the market.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Google Threat Intelligence (CTI) has discovered a new type of cryptocurrency-stealing malware targeting Apple iOS devices, dubbed Ghostblade. According to Cointelegraph, Ghostblade is JavaScript-based and designed to steal not only cryptocurrency but also data such as SIM card and identity information.

Pro-tech political action committee (PAC) Think Big is reportedly sending mailers attacking New York Democratic primary candidate Alex Bores for previously receiving political funds from FTX founder Sam Bankman-Fried (SBF). CoinDesk reported that Think Big sent mailers to voters highlighting that Bores, a candidate in the Democratic primary for New York's 12th congressional district, received more than $100,000 in indirect support from SBF's political network in 2022. The mailers also allege that SBF's associates are funding Bores's bid for the House.

The three major U.S. stock indices closed lower today. - S&P 500: -1.51% - Nasdaq: -2.01% - Dow Jones: -0.97%

U.S. senators and the White House have reached a tentative agreement on provisions within a market structure bill, known as the Clarity Act, that would address stablecoin yields, Politico reported. Senator Angela Alsobrooks stated that the provisional deal would ban yield payments on passive stablecoin balances. She described the measure as a compromise designed to protect both crypto innovation and the stability of bank deposits, adding that the proposal still requires review from both the banking and crypto industries before it can move forward. Specific details of the agreement have not been disclosed. If the deal holds, the Senate Banking Committee could begin deliberations as early as late April.

A U.S. court in Nevada has ordered prediction market platform Kalshi to halt its event contract services for two weeks, CoinDesk reported. The order follows a U.S. federal appeals court's rejection of Kalshi's request to block administrative enforcement by the state government.

Jurrien Timmer, Director of Global Macro at Fidelity Investments, said Bitcoin is showing surprising resilience. Writing on X, he explained that non-yielding assets are typically hit harder by macroeconomic headwinds, but Bitcoin has remained robust despite such pressures in March. Timmer noted that while rising bond yields and a surging U.S. Dollar Index would normally trigger a sharp sell-off in assets like Bitcoin, the opposite is currently happening. He suggested the market is sensing a major paradigm shift rather than just reacting to short-term technical factors. Timmer added that $60,000 is an important structural support level for Bitcoin, and while a temporary dip below it is possible, the price is supported by fundamental valuation models.

Cryptocurrency exchange Gemini is facing a class-action lawsuit alleging it failed to disclose plans to pivot to prediction markets and exaggerated the profitability of its core business, Decrypt reported. According to the report, Gemini shareholders claim the company overstated the profitability of its core crypto platform and its growth prospects from global expansion. They also allege the company concealed information about an impending, costly, and potentially disruptive restructuring.

Erik Voorhees, an early Bitcoin supporter and founder of crypto exchange Shapeshift, has purchased ETH with all of his USDT holdings, Onchain Lens reported. The wallet in question now holds 117,814 ETH, worth approximately $251.6 million.

Crypto companies citing artificial intelligence (AI) as the reason for recent layoffs may be using it as a cover for pre-planned staff reductions, DL News has analyzed. The analysis follows a recent announcement from Crypto.com that it was cutting its workforce by about 12%, primarily in roles deemed unsuitable for a new, AI-integrated environment. DL News noted that while Crypto.com and other firms are framing the cuts as a move to improve efficiency through AI, it remains unclear if this is a pretext for previously planned downsizing.

Cross-chain Layer 1 blockchain project Zetachain (ZETA) announced on its official X account that it has integrated the AI model Minimax into its AI interoperability layer, Anuma. Minimax is a prominent Chinese AI startup with its own large-scale AI model and is considered one of the most widely used AI applications in China. Zetachain stated that it has connected Minimax, an AI model utilized by 236 million users, adding that its M2.7 AI model has been a complete game-changer through its open-source availability. Anuma is a universal AI-Web3 layer built on Zetachain 2.0.

Erik Voorhees, an early Bitcoin supporter and founder of crypto exchange Shapeshift, purchased 5,805.51 ETH ($12.34 million) about an hour ago. The average purchase price was $2,126.32.

The U.S. Securities and Exchange Commission (SEC) has extended its review period for a proposal from the Nasdaq PHLX exchange to list and trade Bitcoin index options. Consequently, the final deadline for a decision on the proposal has been postponed from March 28, 2026, to May 27. The SEC explained that the extension is to ensure sufficient time to fully consider various questions and public feedback that have been raised.