Vitalik Prediction: Bug-Free Code in the 2030s Will Become Feasible

March 29: The Kobeissi Letter said in a market analysis that U.S. tech stocks have entered a relatively undervalued range. The forward price-to-earnings (P/E) ratio of the S&P 500 Information Technology Index is now just 4% higher than that of the S&P 500 Index—the lowest level since January 2019. This premium has fallen 32 percentage points since October 2025, marking one of the largest discounts on record. In short, U.S. tech stocks are currently at their cheapest level relative to the broader market in seven years. By contrast, at the peak of tech overvaluation in June 2024, the sector was roughly 47% more expensive than the S&P 500. Tech stocks are now on track to trade at a discount to the S&P 500 for the first time since 2017. The Kobeissi Letter suggests it may be time to buy tech stocks. BlockBeats Note: Current market data shows the S&P 500 Information Technology Index’s forward P/E still hovers around 20x, while the broader S&P 500’s forward P/E is roughly 20–21x—bot

March 29 — Per Iran’s Islamic Republic of Iran Broadcasting (IRIB), U.S. and Israeli forces attacked an Iranian port near the Strait of Hormuz on the same day, leaving 5 dead and 4 wounded. (Xinhua News Agency)

Israeli Defense Forces (IDF) said Thursday (March 29) that its air force conducted a large-scale airstrike on infrastructure in central Tehran the previous day (March 28). The operation targeted dozens of weapon storage and production sites, further degrading Iran’s weapons manufacturing capabilities, the IDF stated. It added that Iran has been relocating command centers to mobile units, and the strike destroyed several makeshift command centers—including those with Iranian commanding officers operating inside. The IDF noted the strike also weakened Iran’s core infrastructure and combat readiness. (FX168)

March 29 — Per alternative data, the cryptocurrency Fear & Greed Index has dropped below 10 again today, now standing at 9. That’s down from 12 yesterday, with last month’s average at 13, indicating the market remains in “extreme fear.” Note: The Fear & Greed Index ranges from 0 to 100, based on the following metrics: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).

**March 29th — Artelo Biosciences, a company linked to the Solana Treasury and traded on U.S. stock exchanges, announced a private placement of 3,188,407 common shares at $3.45 per share, raising $11 million total. The new proceeds will support general corporate purposes and repay a portion of its outstanding bridge loan. As of March 29th, Artelo holds 45,883 SOL.**

**March 29** KobeissiLetter’s new data analysis reveals U.S. workers’ confidence in the job market is collapsing, citing the latest Gallup survey. In Q4 2025, only 28% of employees say “now is a good time to find a quality job”—the lowest mark in at least four years, and a 42-percentage-point drop from Q2 2022. College graduates are the most pessimistic: just 19% see favorable conditions now (down from 73% in Q2 2022). Non-degree holders stand at 35% (also a four-year low). Young workers report the lowest confidence (20%), while 41% of those aged 65+ hold positive views. Overall, Americans’ job market pessimism has hit historically rare levels.