A whale has deposited 2000 ETH to Binance, worth $4.03 million

March 31 — Binance Alpha will run an airdrop today at 8:30 PM. Users holding at least 242 Alpha points can claim tokens on a first-come, first-served basis until the airdrop pool is fully distributed or the event concludes. Additional details will be released soon.

Local time March 31, Iran’s Islamic Revolutionary Guard Corps (IRGC) issued a statement detailing its 88th round of the “Fulfillment of Promises-4” operation. In the operation, Iran targeted sites across central, southern and northern Israel—including Tel Aviv, Beersheba, Galilee, Negev, Arad and the southern core area of the Dead Sea—using missiles such as the Emad, Khorramshahr-4 and Kadhir. It also struck a gathering of Israeli military commanders in Beneveeraq and Telnof Air Force Base. Separately, the IRGC’s Navy and Aerospace Force launched a joint operation, employing attack drones and missiles to target hideouts and drone control centers at U.S. bases: Zafar Air Base, Victoria Base and Ali Salim Air Base. The statement added that Iran has a long-term plan to erode the military strength of Israel and U.S. forces in the region. (CCTV News)

March 31 — Per on-chain detective ZachXBT’s monitoring, a Kraken user is suspected of falling victim to a social engineering attack, losing roughly $18.2 million. The attacker launched their operation roughly 45 minutes prior, using the SafePal wallet to transfer assets from the Ethereum network to Bitcoin’s network via the decentralized cross-chain protocol THORChain.

On March 31st, CryptoQuant analyst Crypto Dan noted that Bitcoin’s long-term holder SOPR (Spent Output Profit Ratio) has fallen below 1—meaning even “hodlers” are selling at a loss. Since long-term holders are the least sensitive to short-term price swings, their decision to realize losses signals broader market capitulation. At this point, short-term holders have likely either exited early or absorbed heavy losses. In other words, most market participants are currently in the red. Historically, this setup often leads to selling pressure drying up gradually, forming a market bottom or a zone near long-term lows. While it’s too early to call this an absolute bottom, widespread losses typically mark the final stage of fear—and the start of potential opportunities.

March 31st — Cosmos ecosystem lending protocol Mars Protocol announced that following Governance Proposal MRC-165, its full liquidation process has been completed: all liquidation LTV thresholds have been adjusted to 0, all outstanding borrowing positions have been fully liquidated, and user funds held in credit accounts and Mars v1 have been directly refunded to their respective wallets. The team noted that funds held in custody by Amber will be notified separately via official Amber channels in the coming days. Mars Protocol’s official Discord and Telegram will close shortly and will no longer provide support or updates. The Mars team stated this action marks the official, orderly conclusion of the protocol.

**Wintermute Weekly: Bitcoin Perps-Spot Ratio Hits 15x, Volatility Compresses — “Coiled Spring” Setup Brewing** In its March 31 weekly market report, market maker Wintermute noted Bitcoin’s perpetual contract-to-spot volume ratio has climbed to 15x, while funding rate volatility is at a cycle low. This signals high leverage but a lack of directional consensus — a setup the firm likens to a “coiled spring,” with potential for a large unidirectional move. Wintermute outlines two key scenarios: - **Bullish Catalyst**: Should geopolitical tensions ease meaningfully and oil drop to ~$100/bbl, shorts could face a squeeze pushing BTC to $70k–$74k. Further easing may test the $74k resistance level. - **Bearish Catalyst**: Conversely, if tensions escalate and oil hits $120/bbl, BTC could fall to just above $60k — and to the mid-$50k range if cyclical trends repeat. On a broader macro note, direction doesn’t matter here — the market structure does. Futures leverage is elevated, fund