A whale has placed a TWAP order to sell 498,914 HYPE tokens within 21 hours.

On March 20, GoPlus Security Monitoring reported that an address beginning with 0x9709 executed malicious Permit and Approve transactions, resulting in the theft of roughly $200,000 worth of USDC and wmtUSDT by a phishing attacker. GoPlus advised that users must thoroughly verify transaction details and contract addresses before signing any on-chain approval (Approve) or offline signature (Permit) requests. This step is critical to avoiding malicious requests from unknown sources and preventing asset loss.

On March 20th, on-chain data analyst Yu Jin reported that a Bitcoin whale with a leveraged long position via a collateralized loan liquidated its holdings, suffering a $14.02 million loss. Over the past year, the address had used a WBTC-collateralized loan to borrow USDC, repeatedly buying more WBTC in a loop—accumulating a long position of 742.8 WBTC at an average cost of roughly $89,137. One hour ago today, the whale sold all 742.8 WBTC on FalconX at $70,266, retrieving 29.75 million USDC to repay its outstanding loan on Aave.

**March 20 (The Block) — Morgan Stanley has filed the second amended S-1 for its Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC).** The fund, initially filed in January 2024, is now confirmed as the *Morgan Stanley Bitcoin Trust*, set to list on NYSE Arca under the ticker symbol **MSBT**. Key details from the filing: - A 10,000-share basket size; - An initial seed basket of 50,000 shares, targeting ~$1 million in initial capital; - Morgan Stanley purchased 2 ETF shares on March 9 for audit purposes. The first amendment (submitted earlier this month) named The Bank of New York Mellon as cash custodian, administrator, and transfer agent, with Coinbase as the primary broker. This revision signals progress in the application process, though SEC approval is not guaranteed. If greenlit, Morgan Stanley would be the first major U.S. bank to directly issue and sponsor a physically-backed Bitcoin ETF.

On March 20th, NVIDIA CEO Jensen Huang highlighted Bittensor (TAO) and lauded the project during an interview on the All-In Podcast. “Bittensor’s Subnet 3 successfully trained a 4-billion-parameter Llama model,” Huang noted. “The entire process was fully distributed, with a group of contributors pooling their idle computing power to get it done. Most notably, they executed and oversaw the full training workflow in a stateful manner—an incredibly remarkable technical achievement.” Per HTX market data, TAO has rallied against broader market trends, climbing 4.23% today to trade at $278.3, likely fueled by Huang’s comments.

March 20 Per HyperInsight’s monitoring: - All three major U.S. stock indexes closed lower today, while gold and silver also declined—pressuring the broader market. - Sandisk (SNDK) rose 2.44% again, notching its fifth straight counter-trend session and a new all-time high. Its contract on the Hyperliquid platform trades at $774 currently. - On-chain long whales have locked in notable profits. The largest SNDK long whale (address 0x6ba) holds a ~$7.73 million position, with unrealized gains jumping from $840k (+30%) yesterday to $1.43 million (+43%) today. No positions have been closed as of now.

March 20th — Per HTX market data, PHA has surged more than 30% in a short span after news of its listing on Bithumb, South Korea’s second-largest crypto exchange. It was last trading at $0.0394.