Solana Spot ETF Sees Record $967M Net Inflow
On March 17, according to Farside data, U.S. Solana spot ETFs recorded a net inflow of $2.1 million yesterday (March 16).
Since their launch, cumulative net inflows into U.S. Solana spot ETFs have hit $967 million. Bitwise’s BSOL led the pack with the largest individual net inflow at approximately $785.8 million.
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Circle's overnight trading continued to rise, expanding its intraday gain to 10%. The largest long position's unrealized profit on-chain has reached $1.1 million.
On March 17, data from Hyperinsight monitoring (via
https://t.me/HyperInsight) shows Circle’s stock gained 9.06% today, and extended those gains by nearly 3% in after-hours trading. This pushed the CRCL contract on Hyperliquid (
https://app.hyperliquid.xyz/join/NTOD) to a 10% intraday gain, currently trading at $129.
The platform’s largest CRCL long whale (address: 0x629) holds $1.1 million in unrealized profits with a 67.8% return. The address has an ~$8.18 million position, established on March 5 with an average entry price of $111.20.
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Messari CEO Resigns, Company Initiates Layoffs and Shifts Focus to AI
March 17 (The Block) — Crypto market data platform Messari announced on Sunday that CEO Eric Turner has stepped down, and the company is laying off staff as it shifts focus to AI.
Diran Li, Messari’s chief technology officer, posted on X Monday that Turner formally resigned following board discussions, with Li taking over as CEO. Turner confirmed the transition on social media, noting he will remain an advisor. Turner assumed the CEO role in 2024, succeeding founder Ryan Selkis — who resigned after posting a series of controversial remarks on X.
On layoffs, Li wrote: “This transition also requires a difficult decision: we are parting ways with many team members who helped Messari reach where it is today.” He did not disclose the exact number of cuts. Li explained the restructuring aims to position Messari as an “AI-first” firm, serving institutional clients via research and AI-powered products.
Messari is not alone in recent crypto layoffs. Last week, Optimism developer OP Lab
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Due to community-led listing vote, Meme coin Punch briefly surged to a market capitalization above $16.5 million
March 17th — Per GMGN monitoring (link: https://gmgn.ai/sol/token/i_m4TE56o8_NV2RYH954cTJ3ckFUpvfqaQXU4ARqqDH3562nFSpump), Solana-based meme coin Punch saw a short-term spike this morning. Its market cap jumped from $10 million to a peak of $16.5 million before settling at $13.7 million, marking a 49% 24-hour gain. Trading volume over the same period hit $3.5 million.
This uptick ties to Punch’s participation in a community listing vote on an unspecified exchange, where current vote share has cleared the 73.61% threshold required for the listing.
BlockBeats Note: Meme coins are highly volatile, relying heavily on market sentiment and hype rather than actual value or utility. Investors are advised to exercise caution due to these risks.
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「Fed Speak」: The Fed is leaning towards staying silent this week, with recent impacts being influenced by both sides
March 17 – Nick Timiraos, often called the "Fed Whisperer," said: "The Fed may lean toward staying silent this week, but its forecasts are pushing it to outline a policy path. Two former Fed chairs told me they aim to avoid predicting near-term rate cuts. Whether current officials will follow suit is the key focus of this meeting — and both hawkish and dovish policymakers could defend their stances by citing the same data point." (FX168)
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A whale's multiple short positions were liquidated, but they continued to add to their BTC and ETH short positions against the trend
Update: On March 17, crypto analytics platform LookOnChain reported that amid a market surge, crypto whale 58bro.eth had multiple short positions liquidated—covering assets including ENA, LTC, BNB, BTC, ETH, and HYPE.
However, the whale continued shorting against the trend by depositing 7.81 million USDC into Hyperliquid to add to his BTC and ETH short positions.
Notably, he remains profitable overall, with total gains topping $32.8 million.
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