Iran Denies Charging High Fees to Ships Passing Through the Strait of Hormuz

March 23 — BitMine boosted its Ethereum (ETH) holdings by 65,341 ETH last week, exceeding its prior average weekly increase of 45,000–50,000 ETH. As of March 22, 2026, the company’s total ETH holdings stand at 4,660,903 — roughly 4.86% of Ethereum’s total supply — maintaining its title as the world’s largest holder of the cryptocurrency. Additionally, BitMine has staked approximately 3.143 million ETH, accounting for 67% of its total holdings. The combined reserve value of its crypto assets, cash, and related investment projects is around $11 billion.

March 23 — Per HyperInsight monitoring, after FOMO-induced liquidation from additional position builds, the entity nicknamed "Buddy" has deposited nearly $250,000 into Hyperliquid, restarting long positions. As of press time, it has expanded its Ethereum long position and opened a new Bitcoin long position, pushing its total position value to $2.68 million.

March 23rd, per CNBC: Trump said talks with Iranian officials were highly intense and he still hoped to achieve substantive progress. He also noted that developments in Iran could be characterized as regime change.

March 23rd around 7 p.m. tonight, Trump said the U.S. and Iran held productive discussions aimed at ending the Iran war. Within minutes, the S&P 500 soared 240 points, adding $2 trillion to its market value. Just 27 minutes later, Iran flatly denied Trump’s claims, noting there had been no contact with the U.S. By 8 p.m., the S&P 500 had dropped 120 points, erasing $1 trillion in market value. That’s a $3 trillion swing in the S&P 500’s market value in just 56 minutes. (The Kobeissi Letter)

On March 23rd, CoinShares reported that the market interpreted the Federal Reserve’s meeting as “hawkish unchanged,” causing net inflows into digital asset investment products to slow to $230 million last week. Data shows total inflows reached $635 million in the two days preceding the FOMC meeting, but approximately $405 million flowed out in the period after the gathering. Bitcoin (BTC) saw net inflows of $219 million, though short-BTC products still attracted $6 million in inflows—signaling intensified long-short divergence in the market. Solana (SOL) recorded net inflows for the seventh straight week, with $17 million this week pushing its cumulative total to $136 million. Ethereum (ETH), which had three consecutive weeks of inflows prior, posted a net outflow of $27.5 million this week.

March 23: Per HyperInsight monitoring, the individual nicknamed "Buddy" FOMOed into additional leverage Tuesday night and was liquidated again, leaving just $27,000 in account value. Around 7 p.m. ET amid a rapid market rally, the individual urgently added to their ETH long position, boosting it to $2.42 million with a liquidation price of $2,142. A subsequent market pullback triggered the liquidation of their long position.