An 80-Year-Old American Man Loses Nearly $285,000 in a Scam, Funds Transferred to Cryptocurrency, Then Sues JPMorgan Chase

On March 20, Trump said Iran no longer has a leader to talk to—and no one wants to be Iran’s leader anymore.

March 20: - **Market Moves Tied to U.S. Middle East Deployment** Bitget data shows spot gold dropped to $4,550/oz (down 2.19% intraday) and spot silver plummeted 6.00% intraday to $68.45/oz following reports of the U.S. deploying additional troops to the Middle East. The U.S. Dollar Index (DXY) rose over 0.5% intraday to 99.76. - **U.S. Stocks & Fed Rate Bets** The S&P 500 extended losses to 1%, while the Nasdaq fell 1.36%. Short-term interest rate futures indicate markets expect the Federal Reserve may hike rates in December. - **Crypto Update** HTX market data shows Bitcoin fell below $70,000, last trading at $69,761.56. - **Earlier Developments** The U.S. is currently deploying three warships to the Middle East and sending thousands of Marines to the region.

March 20 — Per LookOnChain monitoring, Twenty One Capital transferred 392.19 BTC (valued at $27.67M) to Bitfinex following two months of inactivity.

On March 20, Onchain Lens data shows an anonymous crypto whale has again purchased 3,618 ETH using 7.7 million USDT. The whale currently holds 107,007 ETH (valued at ~$2.29 billion) and 23 million USDT, indicating further ETH buys may be imminent.

March 20th, U.S. Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert said in a post on X that the agency has released a Frequently Asked Questions (FAQ) on crypto assets and blockchain-related activities, further clarifying compliance guidance for registered firms and trading entities. The FAQ covers topics including tokenized collateral and digital assets used as margin, among others. It supplements two prior staff letters—one on tokenization custody guidance and another on digital asset margin no-action guidance—providing market participants with a clearer operational framework. Tarbert added that as “Project Crypto” evolves into a collaborative initiative, aligning with the U.S. Securities and Exchange Commission (SEC) is a key step to advancing clarity and harmonization in crypto regulatory rules.

March 20, digital payment platform Wirex has integrated the Morpho Treasury—managed by Gauntlet—into its corporate accounts. The feature automatically converts a company’s USD or EUR deposits into USDC or EURC, then deposits the stablecoins into Morpho’s treasury; Gauntlet oversees risk management and strategy configuration for the service. To date, over $10 million in corporate funds have generated returns via the integration. Wirex plans to expand the service to GBP, AUD, and HKD accounts going forward, and launch enterprise loans backed by Bitcoin collateral.