The Kingdom of Bhutan Transfers 377 BTC Again, Worth Around $27.87 Million

In a March 17 BlockBeats report, EU High Representative for Foreign Affairs and Security Policy Kaja Kallas urged the U.S. and Israel to end the war on Iran, stressing the bloc is in talks with multiple Middle Eastern nations to de-escalate the ongoing conflict via diplomacy. Kallas noted the EU has been in contact with Gulf states, Jordan, Egypt and others, aiming to facilitate negotiations between all parties to ease tensions and offer a “dignified exit” for the countries involved. Addressing the energy and shipping crisis sparked by Iran’s blockade of the Strait of Hormuz, Kallas proposed a model similar to the Black Sea Grain Initiative to ensure safe navigation in the strait through an international mechanism. She said she has discussed the proposal with the UN Secretary-General, and the UN is currently advancing talks on the matter.

March 17 — The Israeli military stated Hezbollah has been accelerating its preparations and is planning rocket attacks against Israel in the coming hours. (Jinse)

On March 17th, the U.S. Commodity Futures Trading Commission (CFTC) issued a no-action position, stating that self-custody crypto wallet developer Phantom Technologies Inc. is not required to register as a broker under certain conditions. The document notes Phantom’s software is solely used to help users connect to registered futures commission merchants (FCMs), introducing brokers (IBs), and contract markets for trading. Under those specific conditions, the CFTC’s Division of Market Oversight will not recommend enforcement action against the company for failing to register as an introducing broker. Market participants view this statement as further clarifying the regulatory stance on self-custody crypto wallet software.

March 17 – Per Bitcoin For Corporations, French firm Capital B has raised €3 million via a warrant financing round, with investors including TOBAM and UTXO Management, to advance its Bitcoin reserve strategy. Per disclosures, the financing is expected to add roughly 36 BTC to its holdings. If the related plans are fully executed, the company’s potential Bitcoin holdings could reach approximately 2,880 BTC. This move marks the latest example of companies continuing to integrate Bitcoin into their balance sheets, signaling that corporate Bitcoin reserve strategies are still expanding.

March 17 — Sharplink, an Ethereum reserve firm, announced Wednesday that its ETH staking strategy has accumulated 15,464 ETH in rewards, worth roughly $36 million at current market prices. The company noted it earned 493 ETH from staking just last week, valued at about $1.1 million. Sharplink emphasized that holding ETH long-term and staking it enables its assets to generate ongoing new ETH rewards, forming a compound growth model it terms “ETH earns ETH.”

March 17 — A Chinese hacker group had an internal rift over dividing stolen funds, with a member coming forward to reveal they stole roughly $7 million in cryptocurrency via supply chain attacks targeting platforms including Trust Wallet, per a post from the "Internet Intelligence Institute" public WeChat account. The group operated publicly under the guise of Wuhan Anjun Technology, a cybersecurity firm offering vulnerability research, network defense, and security services. Internally, however, it engaged in illegal activities involving cryptocurrency theft and dark web operations. Members exploited Electron client vulnerabilities, reverse-engineered plugins, and used automated tools to mass-scan mnemonic phrases and target assets across blockchains like Ethereum, BNB Chain, and Arbitrum. The informant said the team built tools to bulk-scan mnemonic phrase assets, used remote access tools to steal wallet data, transferred funds, divided proceeds, and laundered assets. The attac