A whale increased its holdings by acquiring 44,888 ETH at an average price of $2,071, totaling nearly $93 million.
March 11th — EmberCN monitoring indicates that 9 hours ago, a whale/institutional address withdrew 44,888 ETH (valued at $92.97 million) from Kraken at a rate of $2,071 per ETH.
Subsequently, the 44,888 ETH was split and transferred to two wallets for storage.
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Yellen's Nomination for Fed Chair is Blocked, Republican Senators Demand Investigation into Powell First
**March 11**
Kevin Warsh, President Trump’s nominee for Federal Reserve Chair, has yet to clear a key hurdle in his Senate confirmation process. Republican Senator Thom Tillis says he will continue blocking the Senate Banking Committee from advancing any Fed personnel nominations until the Justice Department wraps up its investigation into current Fed Chair Jerome Powell.
Tillis called his meeting with Warsh “pleasant” and noted his professional qualifications. He stressed, however, that the move is not personal toward Warsh but aimed at upholding Fed independence. “If markets believe the Fed chair is merely acting at the president’s behest,” he said, “it could harm financial markets.”
With Republicans holding narrow majorities in the full Senate and the Banking Committee, Tillis’s opposition could stall Warsh’s nomination from reaching a floor vote. Warsh is currently actively meeting with lawmakers to rally support, but uncertainty lingers over whether he can secure confirmat
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BitGo to Provide Custody Services for StableX's $100 Million Stablecoin Initiative
March 11th — Digital asset infrastructure firm BitGo announced it will provide custody and trading services to publicly listed firm StableX Technologies, supporting the latter’s plan to build a stablecoin-related digital asset reserve of up to $1 billion.
Per the announcement, BitGo Bank & Trust will act as custodian for StableX’s digital assets, while BitGo’s over-the-counter (OTC) platform will assist in executing related token purchase plans.
StableX is a Nasdaq-listed company focused on stablecoin infrastructure. Following the news, its stock rose 9% intraday before closing up approximately 1.6%. The firm had previously begun building its digital asset reserve and acquired tokens tied to the stablecoin ecosystem, including Chainlink.
BitGo Chief Revenue Officer Chen Fang noted this collaboration underscores that more publicly traded companies are building digital asset reserve strategies — no longer limited to Bitcoin, but beginning to lay out stakes in stablecoin ecosyste
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U.S. February Non-Seasonally Adjusted CPI YoY will be released tonight at 20:30, expected 2.4%, prior 2.4%
**U.S. Labor Department to Release February Non-Seasonally Adjusted CPI Data Tonight (20:30 ET, March 11)**
- **Market Expectation**: 2.4% | **Previous Value**: 2.4%
The Consumer Price Index (CPI) tracks price changes for goods/services U.S. households typically buy—its a key inflation gauge. **Data Impact**: A reading above the forecast is bullish for the U.S. dollar.
Prior context: February non-farm payrolls (NFP) were weaker than expected, clashing with widespread market hopes for strength. Notably, rate-cut expectations haven’t shifted materially. Rate-market pricing signals a high chance the next Fed rate cut lands in the second half of 2024.
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BlackRock: Gold and Silver Bull Market Far From Over, New Demand Reshaping Market
BlackRock Says Gold, Silver Bull Trend Intact Amid Volatility, Driven by Debt, Geopolitics, Industrial Demand
BlackRock stated March 11 that despite recent volatility in precious metals, the long-term uptrend for gold and silver remains intact—fueled by shifting demand that’s reshaping the market.
Kristy Akullian, Head of Americas iShares Investment Strategy at BlackRock, noted gold has surged ~75% over the past year, topping $5,000 per ounce for the first time in January 2025. Silver, meanwhile, jumped 148% in 2025 and added another 19% this January. Pullbacks since haven’t dented the overall bull market, she said.
Key drivers include:
- **Global Debt Burdens**: U.S. federal debt now exceeds 120% of GDP; major economies like Japan, the UK, France, and Canada all have debt levels above 100% of GDP, boosting gold’s appeal as a store of value.
- **Geopolitical Uncertainty**: Ongoing tensions have spurred hedging demand for precious metals.
- **Industrial Demand**: Silver’s
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Circle Launches Nanopayments Testnet, Supporting Sub-Cent USDC Microtransactions with Zero Gas
On March 11, stablecoin issuer Circle launched the Circle Nanopayments Testnet — a payment infrastructure supporting transfers as small as 0.000001 USDC with gas-free single transactions, designed to serve as a foundational payment layer for the Agentic Economy.
Per details shared, Nanopayments are built on the Circle Gateway, using off-chain transaction aggregation and delayed batch on-chain settlement to bundle thousands of microtransactions into one on-chain settlement. This eliminates per-transaction gas costs, enabling developers to build use cases like pay-per-call, pay-per-use, and machine-to-machine payments.
Technically, users or agents sign an EIP-3009 authorization message to initiate a payment. The system validates the signature, updates its internal ledger instantly to confirm the payment, while actual on-chain settlement occurs periodically in the background.
Circle noted the solution has been validated in collaboration with OpenMind, an open-source robotics deve
5 minutes ago
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