Arthur Hayes received 132,700 ETHFI from Anchorage Digital at an average price of around $0.55

**March 19 Flash Update (Binance Research)** Geopolitical tensions escalate alongside a hawkish Fed, triggering a global **oil-driven stagflation shock**—key market moves: - **Oil**: Brent crude jumps 7%; WTI crude rises 4.2% - **Stocks**: S&P 500 down 1.45%; Nasdaq -1.25%; Russell 2000 -1.64% - **Metals**: Gold drops 3.6%; Silver -4.9% - **Dollar/Treasuries**: U.S. Dollar Index (DXY) up 0.76%; 10-year Treasury yield +6.5bps; CBOE Volatility Index (VIX) surges 17% to 25 - **Crypto**: Bitcoin falls 4.6%; Ethereum -5.2% ### Macro & Middle East Developments - Iran threatens Gulf energy facility strikes after Israeli attacks on its largest gas field; Qatar’s Ras Laffan Industrial City confirms missile damage. - Hormuz Strait crude transit remains 98% below pre-conflict levels. - Pentagon seeks White House approval for over $200B in special funding for potential conflict with Iran. - Fed holds rates steady, maintains 2024 one-rate-cut forecast; **Producer Price Inde

March 19 – The Bank of Japan (BOJ) kept its policy rate unchanged at 0.75% on Wednesday, with the policy committee voting 8-1 in favor of the decision, per its monetary policy meeting statement. While some Japanese economic sectors have shown weakness, the overall economy is in a moderate recovery. Exports and industrial production remain generally stable, and corporate profits stay high overall—though the manufacturing sector faces downward pressure from tariffs. Inflation expectations have risen moderately. Supported by overseas economies returning to growth, government economic measures, and a loose financial environment, the benign income-spending cycle is gradually strengthening, enabling the Japanese economy to sustain moderate growth. However, amid rising Middle East tensions, global financial and capital markets are seeing heightened volatility and sharp oil price gains—developments that warrant close monitoring. As the economy continues to improve, labor shortages are

ETHFI briefly surged 20% on news of its listing on Upbit’s KRW trading pair, per HTX market data as of March 19, and is now trading at $0.594.

March 19 — Official sources confirm that Upbit has added support for the Ether.fi (ETHFI) KRW trading pair.

On March 19, the Bank of Japan held its benchmark interest rate steady at 0.75%, in line with market expectations, marking the second straight meeting where it maintained its current stance.

On March 19th, per Hyperinsight monitoring, Trade.xyz launched the S&P 500/USDC trading pair on the Hyperliquid platform via the HIP-3 protocol, supporting up to 50x leverage. The contract went live officially last night. As of press time, total trading volume has hit $31.5 million, while open interest has rapidly climbed to $19.6 million. (Note: Links to external sources are retained as they appear in the original context.)