U.S. CFTC Acting Chairman: Enforcement Division Restructured, Refocused on Combating Fraud

On March 30, Arkham data shows that Kyle Samani—former Multicoin co-founder and Forward Industries (FORD) Chairman—used a recursive deposit on Kamino Finance to deposit $10 million worth of PRIME tokens and borrow $8.6 million in USDC. He’s paying a 39.4% annual percentage yield (APY) on the borrowed USDC stablecoin, while earning 56.4% APY on his PRIME tokens.

March 30 — A survey of 3,000 U.S. crypto investors by Coinbase and CoinTracker shows over half are unsure when they owe taxes on their holdings, with just 49% correctly identifying that selling cryptocurrency triggers a taxable event. Additionally, more than 60% of respondents have incomplete cost basis data. Coinbase expects to issue over 4 million 1099-DA tax forms to users with trading proceeds under $600.

**March 30: HIP3’s share of total positions on the Hyperliquid platform hit a new all-time high, per ASXN data.**

On March 30, U.S. President Donald Trump posted on social media: “Significant progress has been made in serious negotiations between the U.S. and a new, more rational Iranian regime to end U.S. military operations in Iran. While an agreement is likely, if we fail to reach a swift deal for any reason — and if the Strait of Hormuz is not immediately ‘open for business’ — we will destroy and obliterate all of Iran’s electricity plants, oil wells, and Hark Island (which may include all desalination plants). These are targets we have purposely left untouched so far, as we aim to conclude our ‘delightful residency’ there.”

On March 30, Barchart data shows short interest in Russell 3000 Index components has hit a 15-year high.

**Bernstein: Crypto Stocks Trade at 'Significant Discount' Amid Short-Term Weakness** On March 30, Bernstein noted cryptocurrency-related stocks are trading at a "significant discount" following a sharp sell-off, with current valuations reflecting weak short-term sentiment rather than long-term growth potential. In a client report Monday, the research and brokerage firm said digital asset infrastructure stocks—including exchanges, brokers, and tokenization platforms—have fallen ~60% from recent highs, even as their underlying businesses continue to grow in areas like stablecoins, derivatives, prediction markets, and real-world asset tokenization. Bernstein expects the current weakness to persist through first-quarter earnings releases, then stabilize, adding the Q1 earnings season may mark a bottom. This view builds on the firm’s recent stance that some crypto stock sell-offs—including Circle-linked names, driven by U.S. regulatory concerns—have already overshot fundamental