Iranian Official: Iran has exchanged messages with US through Egypt and Turkey

March 24 — Per on-chain analyst Wu Jinyu’s data, a whale transferred 464 BTC (valued at $32.82 million) to Binance 2 hours ago, netting a $2 million profit. The whale bought the dip roughly a month ago at $66,317 per BTC and sold today at $70,713 per BTC.

March 24 — Balancer Labs co-founder Fernando Martinelli announced in a community post that he will gradually wind down the firm. The entity, which originally incubated the Balancer protocol, has become a drag on the protocol’s development amid ongoing legal risks tied to the November 2025 v2 exploit and a lack of revenue streams. Core team members will join Balancer OpCo (subject to a governance vote). Martinelli noted the protocol’s total fee revenue over the past three months has hit an annualized rate of over $1 million, and it remains operationally viable. Key issues stem from its tokenomics and high cost structure. Proposed measures include: - Halting BAL emissions entirely - Terminating the veBAL model - Directing 100% of protocol fees to the DAO treasury - Cutting the V3 protocol fee split to 25% to attract organic liquidity - Establishing a buyback mechanism for BAL holders to exit positions smoothly - Focusing on core products (reCLAMM, LBP, stablecoin/LST

**March 24 (Cointelegraph) —** After former President Trump temporarily de-escalated tensions with Iran and sought negotiations, Bitcoin briefly jumped 4%. WTI crude later dropped 14% to $85 a barrel, while the S&P 500 gained 3%. Yet Bitcoin derivative data still sends skeptical signals: the market lacks confidence in the $68k support level. **Futures:** Bitcoin’s 2-month futures annualized premium stood at 2% on Monday—below the 4-8% range typical for longer-dated contracts in neutral conditions. This signals weak demand for long leverage, and the lack of conviction has lingered for a month (even as BTC briefly rebounded to nearly $76k). **Options:** Deribit’s April 24-expiring $80k call option was priced at 0.017 BTC (≈$1,207) with 31 days until expiry and 48% implied volatility (IV). The market pegs the probability of BTC hitting $80k in that window at just 20%—a low bar for a 13% monthly gain, rare in crypto’s typically bullish market. **Macro Context:** The Fed’s pause

On March 24, per LookOnChain monitoring, Blockchain Capital re-delegated 6,400 ETH (roughly $13.82 million) 3 hours ago—its first such move in 2 years.

On March 24, Bloomberg reported that Hostplus—a top Australian pension fund overseeing more than A$150 billion in assets—is weighing offering its members a cryptocurrency investment option. The fund plans to make Bitcoin and other digital assets available through its Choiceplus platform, which lets members autonomously manage their retirement savings portfolios. Assets in Choiceplus currently account for roughly 1% of the fund’s total holdings. Chief Investment Officer Sam Sicilia noted that some members have expressed demand for crypto assets, and the related products could launch as early as the next fiscal year—provided regulatory approval is secured. The initiative remains in the design stage, with unresolved issues including consumer protection.

**March 24th** Per Coinbob's Popular Address Monitoring (link: https://t.me/Coinbob_track_CN), international oil prices edged lower yesterday following news that former U.S. President Donald Trump announced a five-day pause in military strikes against Iran and a shift to negotiation. "Hyperliquid Early Contributor Loracle" closed a large portion of their **xyz:CL long position** over the past two hours, with closing prices ranging from $89.0 to $90.0 (slightly above the opening price), netting an overall profit of ~$350,000. The address currently holds a remaining xyz:CL long position worth ~$400,000, with a floating profit of ~$10,000. **Remaining Positions Held by the Address:** - HYPE long position: ~$20.8839 million (floating loss: $90,000; liquidation price: $2.15) - PAXG long position: ~$1.63 million (floating loss: ~$330,000)