Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

March 31 — U.S. President Donald Trump said Wednesday that France is barring military aircraft from transiting its airspace en route to Israel. He also accused France of being uncooperative on the “Iran Slaughterer” issue, noting the U.S. will not forget this. (Jing Ten)

March 31st — Bitcoin security researcher and Ethereum Foundation researcher Justin Drake has published an article addressing the quantum computing threat to Bitcoin’s security. Drake argues Google’s Quantum AI whitepaper findings are conservative: “By 2032, there’s at least a 10% chance a quantum computer could recover a secp256k1 ECDSA private key from a leaked public key. While a cryptographically relevant quantum computer (CRQC) emerging by 2030 still feels unlikely, now is clearly the time to start preparing.” He also notes that a commercially viable Bitcoin proof-of-work (PoW) via the Grover algorithm is not on the short-term horizon — “we’re talking decades, if not centuries.” This, he says, should focus discussions on ECDSA and Schnorr. As an unofficial Bitcoin security researcher, Drake adds he still believes Bitcoin’s PoW has failed due to a reduced security budget.

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.