A whale spent 36,750,000 USDT to buy 17,084 ETH

March 20th — Per HyperInsight monitoring (https://t.me/HyperInsight), the ETH whale address tied to Matrixport (nicknamed the "ETH Volatility Master," 0xa5b0...) saw its ETH long position dip below its average entry price overnight into this morning. It currently holds a floating loss of $520,000 (-5.2%), with an average entry price of $2,148 and a position size of ~$150 million. Previously, after taking profits on a portion of its ETH long position, the whale continued adding to its longs between $2,239 and $2,300, purchasing an additional 20,000 ETH (worth ~$45.4 million) to boost its holdings. Additionally, the whale still holds a 20x leveraged BTC long position: the position size is ~$49.2 million, average entry price is $68,420, and it has a floating profit of $1.3 million (52%).

March 20th — Per Coinglass data, Bitcoin posted a slight pullback today, with funding rates across major centralized (CEX) and decentralized (DEX) exchanges signaling an overall bearish market sentiment. Specific funding rates are shown in the attached image. BlockBeats Note: A funding rate is a fee set by crypto exchanges to align perpetual contract prices with the underlying asset’s spot price. It facilitates fund transfers between long and short traders, and the trading platform does not collect this fee. Its purpose is to adjust the cost or profit of position holders, ensuring contract prices remain close to the underlying asset’s value. - A 0.01% funding rate is the benchmark. - Rates above 0.01% indicate generally bullish sentiment. - Rates below 0.005% indicate generally bearish sentiment.

March 20 — U.S. media outlets reported that senior Justice Department officials are actively backing a federal prosecutor’s investigation into Federal Reserve Chair Jerome Powell, with the White House not objecting to the probe. The development has escalated the high-stakes partisan showdown and carries major implications for the Fed’s future leadership. Sources familiar with the matter said former President Donald Trump had been open to ending the Powell investigation before a judge rejected a subpoena against the Federal Reserve last Friday. But amid anger over the ruling and his long-held belief the court is biased against him, aides and allies now believe Trump supports appealing the decision. Federal prosecutor Jenny Piero immediately announced plans to appeal the judge’s ruling after the subpoena was denied last week; Trump has not publicly commented on her move, though some of his aides were surprised by it. Another anonymous insider close to internal deliberations noted J

CoinDesk reported Wednesday (March 20) that Dutch market maker IMC Trading has named Alex Casimo its Chief Business Officer for its crypto business. A source familiar with the matter said Casimo started the role earlier this week and is based in London. The source requested anonymity due to the private nature of the appointment.

On March 20th, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that the linked address tied to ShapeShift founder Erik Voorhees has once again boosted its ETH holdings by 17,084 tokens—valued at approximately $36.71 million.

March 20 — CoinDesk, citing two people familiar with the matter, reports that Wall Street financial services firm Cantor Fitzgerald is among the investment banks currently pitching a potential initial public offering (IPO) plan to cryptocurrency exchange FalconX. The sources noted Cantor has held preliminary discussions with potential advisors, but FalconX has not officially tapped any banks to underwrite its IPO. The sources requested anonymity because the information is not public. FalconX declined to comment, while Cantor did not respond to a request for comment by press time.