Note: The X account is not owned by the original Enron entity. Users should be aware of the risk.

March 11, the U.S. Department of Justice (DOJ) has decided to retry the case against Tornado Cash co-founder Roman Storm this fall. Prosecutors failed to secure a jury conviction in the first trial earlier this year. Prosecutors with the U.S. Attorney’s Office for the Southern District of New York will continue pursuing the first and third charges outlined in the indictment. The case centers on third-party developer liability and blockchain-related evidence.

March 11 – Decentralized derivatives platform Hyperliquid rolled out key updates for USDH holders, while also launching HIP-4 Outcome Markets on testnet. All validator-deployed Outcome Markets are USDH-denominated, and the platform’s initial mainnet launch will support 1-day Outcome Markets tied to Bitcoin and HYPE. Additionally, Hyperliquid is raising related Portfolio Margin limits: - Global supply cap: 500 million USDH - Global borrowing cap: 100 million USDH - Per-user supply cap: 5 million USDH - Per-user borrowing cap: 1 million USDH These adjustments will take effect following the next network upgrade.

**March 11th Brief** Per Hyperinsight monitoring (via https://t.me/HyperInsight), the so-called "WTI Crude Oil Largest Short" address (0x17c…) rolled over its CL (WTI Crude Oil) short positions overnight and this morning, adding ~190,006 contracts—valued at roughly $15.6 million. The address has been continuously increasing its position since overnight through the past hour. As of now, its 3x leveraged CL short totals $24.3 million, with an average entry price of $83.5, a liquidation price of $110, and a floating profit of $150,000 (1.7%). It’s currently the largest on-chain holder of CL shorts. Over the past 24 hours, the address transferred $11.5 million to Hyperliquid, most of which went toward boosting its crude oil short position. It also holds a 3x leveraged NATGAS (Natural Gas) short worth $1.43 million.

On March 11, cryptocurrency firm Ripple announced plans to acquire Australian payment provider BC Payments to secure an Australian Financial Services License (AFSL), with the deal expected to close on April 1. Once the acquisition wraps up, Ripple will obtain the AFSL—a required qualification for some crypto companies to offer financial services in Australia moving forward. Ripple noted that holding the AFSL will enable its Australian payment business to handle end-to-end transaction management locally, covering customer onboarding, compliance, fund settlement, foreign exchange, liquidity management, and final payment—while integrating traditional banking systems with digital asset networks. Over the past year, Ripple has been ramping up its global compliance footprint: it has secured payment-related licenses in Singapore, the United Arab Emirates, and the UK, plus conditional approval for a national trust bank charter in the U.S. The company has also expanded its business via

March 11th — Per GMGN monitoring, Base ecosystem meme coin MOLT saw its market cap surge above $12 million in early trading today before retracing to roughly $7.6 million. The token is up 260% over the past 24 hours, with $15.1 million in trading volume during that period. This latest rally is mainly driven by Meta’s announcement that it’s acquiring Moltbook. BlockBeats Note: Meme coins are highly volatile, often tied to market sentiment and concept-driven hype. They lack tangible value or real-world use cases, so investors should be mindful of the associated risks.

March 11 — Onchain Lens monitoring shows multiple crypto whales are ramping up crude oil long positions, even as oil prices keep falling and drop below $85 per barrel. Key updates: - Whale address 0x547 has opened a 20x leveraged crude oil long position, while holding a 10x leveraged long position in HYPE. - A newly created wallet (0x7f5) deposited $5 million in USDC and established a 1x leveraged crude oil long position. - Whale address 0x0e0 opened a 7x leveraged crude oil long position, alongside 5x leveraged short positions in Bitcoin and Ethereum.