If Bitcoin breaks through $86,000, the mainstream CEX aggregate short liquidation intensity will reach 9.12 billion

On March 27, Bitget market data shows U.S. and U.K. oil prices fell in short-term trading. WTI crude dropped to $93 a barrel (1.26% intraday decline), while Brent crude fell to $99 a barrel (2.23% intraday drop).

March 27 — According to The Block, Elizabeth Warren, Democratic ranking member of the U.S. Senate Banking Committee, has raised concerns over Beast Industries’ acquisition of fintech firm Step, which previously allowed minors to invest in cryptocurrency. In a letter sent Monday, Warren is requesting additional information from Jimmy Donaldson (better known as MrBeast, a YouTube creator with over 470 million subscribers) and Beast Industries CEO Jeff Housenbold. “Beast Industries is primarily an entertainment and consumer-focused company,” Warren wrote in the letter. “Any entry into financial services—especially services targeting children—must be extremely cautious and compliant with all applicable laws.” Beast Industries acquired Step this past February. The company says its mission is to make financial literacy and wealth management more accessible to young users. Step allows users under 18 to open a bank account with parental supervision; while Step is not a bank itself, it

**March 27 (Bloomberg) — U.S. Treasury Secretary Scott Bessent said Thursday the U.S. will launch an insurance plan to facilitate shipping through the Hormuz Strait, a move aimed at restoring most of the world’s oil and gas supply flows.** The announcement came weeks after former President Trump first stated the U.S. International Development Finance Corporation (DFC) would provide insurance coverage and naval escorts to ensure safe passage for tankers and other vessels through the strait. At the time of Bessent’s remarks, concerns were escalating over soaring oil and gas prices amid the Iran conflict, with fears that energy supply disruptions would persist even after the conflict ends.

On March 27, The Block reported that Cathie Wood’s investment firm ARK Invest is leveraging Kalshi’s prediction market data to inform its investment decisions. ARK CEO and Chief Investment Officer (CIO) Cathie Wood noted: “Integrating prediction markets into institutional investment workflows is a natural next step in financial research innovation. We believe these signals can enhance our research process, provide valuable context on key drivers of disruptive industries, help investors better quantify uncertainty, and make more informed decisions.” Given ARK’s longstanding mandate focused on its so-called “disruptive technologies,” its adoption of prediction markets comes as little surprise. The firm isn’t the only one tapping these emerging platforms— and in theory, they can offer relatively unbiased perspectives on future event probabilities, since users must put real money on the line.

Per ChainInfo on March 27, a whale that went long on 1.38 million HYPE tokens at an average price of $38.6 (valued at ~$53.3 million) in November 2023 has broken even after holding the position for four months. The whale previously incurred a paper loss of over $26.6 million and now holds a paper profit of $440,000.

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