Binance Launches USD1 Holding Airdrop Event, Total Prize Pool of 135 Million WLFI

On March 20th, VanEck Digital Asset Research Director Matthew Sigel posted on social media that Bitcoin’s 30-day moving average price fell 19%, but the spot price has stabilized. Market volatility has dropped sharply: realized volatility declined from 80% to 50%, while the futures funding rate slipped from 4.1% to 2.7%. On-chain activity has cooled: transfer volume is down 31%, daily fees have dropped 27%, and long-term holders are distributing their holdings at a slower pace. Miners, meanwhile, have mostly stuck to a “mine and sell” strategy, offloading nearly all newly minted bitcoins. The options market has hit a peak in defensive sentiment: the put/call open interest ratio averaged 0.77, a new high since June 2021; the premium of put options relative to spot volume reached a historical high of 4 basis points.

On March 20, TechCrunch reported that decentralized social media platform Bluesky has announced the completion of a $100 million Series B funding round. The round was led by Bain Capital Crypto, with participation from Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, the Knight Foundation, and other investors. Reportedly, the funding closed in April 2025 but was not publicly disclosed prior to this announcement.

Onchain Lens monitoring data shows that as of March 20th, an address linked to Erik Voorhees sold 13,533 ETH for $44.5 million over a year ago. Over the past two months, the same wallet has transferred $13.78 million in USDT to multiple addresses to acquire 2,834 XAUT. Currently, the wallet holds $30.72 million in USDT and is likely to keep accumulating.

March 20, Binance Research shared a social media update noting Israel attacked Iran’s South Pars natural gas field, has since paused further strikes on Iranian energy facilities, and agreed to halt future attacks at Trump’s request. Amid rising energy prices, the U.S. may ease sanctions on roughly 140 million barrels of Iranian oil currently in transit—a move that could impact global oil supplies. U.S. economic data stayed neutral and has done little to shift the stagflation narrative. Initial jobless claims unexpectedly fell, while continuing jobless claims edged higher; new home sales missed expectations by a wide margin (potentially weather-related). These figures don’t signal an economic recession, but when paired with last week’s strong PPI reading, they reinforced the market’s view that the economy faces persistent inflationary pressures, not an outright contraction. Markets saw a two-phase move yesterday. Early pressure stemmed from fresh attacks on Gulf energy infrastruct

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.