Grayscale Deposited 19,200 ETH 8 Hours Ago, Worth $44.6M

On March 18th, Polymarket’s Mustafa (@mustafap0ly) — a representative of the platform — posted in its official Discord channel, noting that Polymarket will provide more than $2 million in liquidity incentives for NCAA “March Madness”-related games. Note: NCAA’s “March Madness” refers to the NCAA Men’s Division I Basketball Tournament, an annual mid-March-to-early-April event hosted by the National Collegiate Athletic Association (NCAA). This top-tier, nationwide college basketball elimination tournament is one of the most popular and thrilling annual sports events in the U.S., known for countless upsets, memorable moments, and viral trends.

On March 18, HyperInsight monitoring data shows HYPE’s price is surging—currently at $42, a nearly four-month high. HYPE’s largest long position holder, suspected of possessing insider information about the token’s listing, has seen unrealized gains climb to $4.7 million. Earlier today, the holder withdrew roughly $4.4 million in margin, pushing the liquidation price higher. As of now, the whale maintains a 5x leveraged long position worth $58.1 million, with an average entry price of $38.67 and a floating return of 41%. The liquidation price has risen from $27.55 to $30.15. The address has incurred $1.66 million in losses from funding fee settlements, and no positions have been closed as of press time. This whale has held the position for nearly five months: On October 23 last year—on the eve of HYPE’s Robinhood listing—the address ramped up its long position significantly. When HYPE jumped to nearly $50 in early February, the whale could have locked in massive profits but op

March 18 – Per Hyperinsight data, Bitcoin traded sideways at elevated levels overnight and this morning, while HYPE continued its rally, breaking above $42. During this period, "whale" addresses actively reduced HYPE long positions and increased BTC long positions. As of press time, these whales have added $33.61M in BTC long positions in this cycle, with a total profit of $2.4M over the past week. Their position breakdown is as follows: - ETH: 25x leveraged long, 10,375 coins, $1.1M unrealized profit - BTC: 40x leveraged long, 95.88888 coins, $27k unrealized loss - HYPE: 10x leveraged long, 55,000 coins, $93k unrealized profit

March 18: Fed Whisperer Nick Timiraos said in a post that uncertainty tied to the Iran conflict is expected to strengthen most Federal Reserve officials’ consensus to stand pat at this week’s policy meeting. With Jerome Powell set to step down as Fed chair, any dissenting views will be particularly noteworthy. The article also noted deepening internal divisions at the Fed: Near-unanimous decisions are no longer the norm, and dissenting voices—especially among Trump-appointed Fed governors—are on the rise. Over the past year, all three Trump-appointed governors have dissented from the majority, with two doing so at the Fed’s last meeting. This week, all three may vote against the majority and support a rate cut. Even if they don’t align this time, the prospect of repeated rifts signals a shift whose impact could transcend any single vote. The key isn’t the vote margin but that all three governors were appointed by a president openly advocating for lower rates—and there has been no

March 18 – The Zhangqiu District People’s Court in Jinan, Shandong Province, China, has released a typical case involving virtual currency investment, where a plaintiff’s claim to recover funds was rejected. **Case Background**: Liu entrusted his friend Zhang to invest in “Alpha Coin,” a platform that advertised daily profits of hundreds of yuan. After Liu invested, the platform became inaccessible. Zhang later learned the platform’s operator was under investigation for alleged criminal activity. Liu then sued Zhang, demanding the return of his investment. **Court Ruling**: The court found that virtual currency investment disrupts financial order and threatens financial security, so the entrustment contract between Liu and Zhang was invalid. Since Zhang did not profit from the arrangement, the investment loss—stemming from risks of illegal financial activities—was ruled to be Liu’s responsibility. **Judge’s Reminder**: Announcements from seven Chinese government departments in

On-chain analyst Ai (Twitter: @ai_9684xtpa) noted that eight hours ago, five new addresses withdrew 29,598 ETH from Coinbase—valued at $68.94 million at the time. The receiving addresses have not transferred or sold the ETH yet, with an average withdrawal price of $2,329.