U.S. CPI: +2.9% YEAR-OVER-YEAR (EST. +2.9%); U.S. CORE CPI: +3.2% YEAR-OVER-YEAR (EST. +3.3%)

On March 16, Gnosis co-founder Friederike Ernst stated that the U.S. Digital Asset Market Structure Clarity Act could grant major financial institutions greater control over the crypto market. She noted certain provisions of the bill assume market activities need to go through centralized intermediaries, which could weaken blockchain users’ role as network participants and stakeholders. Ernst believes overreliance on institutional intermediaries would see users revert to “clients renting financial technology services” rather than actual network participants. However, she also noted the bill partially clarifies regulatory boundaries between the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), providing some protection for peer-to-peer transactions and self-custody. The CLARITY Act currently faces controversy in Congress, with the main disagreement centering on stablecoin governance issues. Galaxy Digital’s Head of Research Alex Thorn p

On March 16, official sources confirmed that Bittensor’s Templar Subnet (SN3) completed the largest decentralized large language model (LLM) pre-training in history on March 10. The model, **Covenant-72B**, boasts 720 billion parameters. It was pre-trained by the Templar team on Bittensor Subnet 3, using only public internet data (no centralized data centers required). Covenant-72B scored 67.1 on the zero-shot MMLU (Massive Multitask Language Understanding) benchmark—outperforming centralized baselines like LLaMA-2-70B and LLM360 K2 under identical test conditions. It is the largest fully permissionless collaborative LLM to date, with over 70 distinct nodes contributing computing power throughout the process. The team has released all model weights and checkpoints under the Apache License. The news appears to have fueled gains for Bittensor (TAO) and its subnet token: - TAO is up 54.8% over the past two weeks. - The Templar subnet token (τemplar) has surged 194% in the las

March 16 – Leading crypto outlet CoinCodex recently named its Top 8 ASIC Miners, with the ICERIVER? ALEO AE3 miner earning a spot. Per CoinCodex’s report, the ICERIVER? ALEO AE3 is an ASIC miner built exclusively for the zkSNARK algorithm, tailored for mining on the Aleo blockchain. It delivers a max hash rate of 2GH/s (±5%), making it a high-performance option for miners focused on Aleo’s privacy-focused network. Additional details from the ranking include: the AE3 runs at 3400W with an efficiency of 1.7 J/MH; it’s slated for release in November 2025; it emits 75dB of noise; and it requires a 200-250V power supply. Its stable, durable build and enterprise-grade specs make it ideal for professional mining setups.

March 16 — Per HyperInsight monitoring (https://t.me/HyperInsight), Nvidia’s GTC conference is roughly 12 hours away. U.S. storage stocks extended gains in after-hours trading: SanDisk rose more than 3.8%, while Micron Technology climbed over 2.8%. Hong Kong chip stocks and the broader semiconductor sector also posted varying gains, tracking the upward trend. Meanwhile, Nvidia edged up 1% in after-hours trading. On Hyperliquid (https://app.hyperliquid.xyz/join/NTOD), the NVDA contract currently trades at $182, with open interest at $68.7 million. Its 24-hour trading volume has dropped by more than half from last week, to approximately $6.12 million. Nvidia GTC 2026 is scheduled for March 16–19 in San Jose. Jensen Huang will speak at 2 a.m. Beijing time on March 17. The conference expects over 30,000 attendees (developers, researchers, business reps) from 190+ countries, with 1,000+ sessions planned.

March 16: Per Onchain Lens monitoring, a whale deposited an additional 1.5 million USDC into HyperLiquid (bringing its total deposit to 7.1 million USDC) and opened a 20x leveraged short position on BRENTOIL. The whale also still holds an $8.8 million 20x leveraged short position on CL.

**March 16 — Per HyperInsight monitoring: "Buddy" Huang Licheng transferred $250k to Hyperliquid on Feb 28, launching his 20th leveraged long position on ETH.** Over this trade: - 8 additional deposits were made - 20 total liquidations occurred, totaling $1.16M Recent market recovery pushed his account balance to $2.19M — nearly doubling his initial capital. Position history breakdown: - Feb 28 (opening day): 4 liquidations - Mar 1–3: 13 forced long liquidations; balance dropped to a low of $8,700 - Mar 8–9: 3 more large liquidations By Mar 10, the address deposited again and kept adding longs as ETH fell below $2k to $1,950 — ultimately catching this rebound. This address likely targets a major rally or bull market start. Since October 2023 (nearly 5 months), it’s tried ~170 long trades across assets (20 leveraged ETH longs) with total net deposits to Hyperliquid of ~$16.84M.