David Sacks Resigns as White House AI and Crypto Czar

On March 27, the UK’s Financial Times reported that U.S. Treasury Secretary Janet Yellen discussed with market participants a proposal to boost Treasury oversight of the Federal Reserve by drawing on aspects of the Bank of England’s model—a step that could upend the Fed’s relationship with the U.S. government. Separately, former President Donald Trump has launched an unprecedented attack on the world’s most influential central bank. Yellen slammed the report in response: “This is a completely false report. The Financial Times has devolved into a gossip sheet for market participants. Despite my public, explicit denial of ever advocating, discussing, or supporting using the Chancellor of the Exchequer-Bank of England dynamic as a blueprint for the Treasury-Fed relationship, FT reporters published a fabricated article headlined ‘Yellen praises Bank of England as model for stronger Fed oversight.’ These reporters clearly fabricated the story to create the impression that I and the Trump

On March 27, per Onchain Lens data, a crypto whale bought 7,543 ETH totaling 15.57 million USDC at an average price of ~$2,064 per ETH, then deployed the ETH into a yield strategy. The whale now holds 29,451 ETH total, valued at roughly $60.83 million.

As of March 27th, per LookOnChain monitoring, the whale known for selling 255 BTC has flipped from short to long positions on BTC—entering a long position of 439.92 BTC with 40x leverage (valued at roughly $30.23 million). The same whale has also added a long position in Brent Crude Oil, currently holding 249,406 xyz:BRENTOIL (valued at approximately $25.25 million).

On March 27, per Chainalysis data, a whale or institutional investor acquired 2,000 XAUt at an average price of $4,390—totaling roughly $8.78 million.

On March 27, The Wall Street Journal reported that SpaceX’s initial public offering (IPO) is expected to raise between $40 billion and $80 billion, citing people familiar with the matter. The company is also considering offering preferential treatment to investors in Elon Musk’s other ventures during the stock sale.

March 27: Per Onchain Lens monitoring, the Worldcoin team transferred 89.65 million WLD (roughly $26.17 million) to a new wallet and subsequently began moving the funds to a centralized exchange (CEX).