Trump Extends Olive Branch to Iran, Crude Oil Plunges, US Stocks Rebound, Bitcoin Surges Past $70,000

March 24: On-chain analyst Ai Auntie (@ai_9684xtpa) reports a new wallet address (0x703…E7B5a) withdrew 2,973 ETH (≈$6.39 million) from Binance 4 hours ago. The address then sent small test ETH transfers to two other addresses, with no additional activity as of press time.

March 24th, per The Data Nerd monitoring, a crypto whale withdrew nearly $16 million worth of altcoins from Binance 7 hours ago, dispersing the funds to two wallets. The withdrawn assets include: - 43.49 million ENA (~$4 million) - 3.28k AAVE (~$3.6 million) - 24.9k AVAX (~$2.4 million) - 8 million ONDO (~$2 million) - 5.96k UNI (~$2.1 million) - 1.49 million PENDLE (~$1.8 million)

On March 24, per market data, SIREN plummeted 56.8% over 24 hours. Its market capitalization fell to $780 million, while 24-hour trading volume reached $55.79 million.

March 24 — Per Coinglass data, Bitcoin (BTC) trades at $70,529.30 (3.25% 24h gain), while Ethereum (ETH) sits at $2,138.27 (3.32% 24h gain). As prices rebound, funding rates across major centralized (CEX) and decentralized (DEX) exchanges still signal persistent bearishness—**especially for ETH**. ### Key Details: - **ETH**: Funding rates are negative on nearly all top platforms (e.g., Binance), with shorts paying longs to keep positions open. Futures sentiment is far more bearish than spot. - **BTC**: Binance and other major platforms show positive rates, but all fall below the 0.005% threshold. Some platforms still report negative rates, indicating overall non-neutrality. Funding rates for major coins are in the **accompanying chart**. --- **BlockBeats Note:** Funding rates are fees exchanges set to align perpetual contract prices with underlying assets. They facilitate fund transfers between long/short traders—exchanges do not collect this fee. Rates adjust positi

March 24: Per Coinglass data, total crypto liquidations over the past 24 hours hit $665 million, with $296 million in long position liquidations and $369 million in short position liquidations. Globally, 127,000 traders were liquidated in the same window. The single largest liquidation was a $16.275 million ETHUSDT_UMCBL position on Bitget.

**March 24 (FX678) — Shaokai Fan, Global Central Bank Director at the World Gold Council, said Tuesday that gold—positioned as a hedge against de-dollarization and geopolitical risks—could drive previously inactive central banks to buy the precious metal this year.** Recent months have seen central banks from Guatemala, Indonesia and Malaysia begin gold purchases, with these institutions either re-entering the market after a long hiatus or making their first-ever gold buys. “Over the past few months, some new central banks—either long inactive or absent from the gold market—are entering the space. I expect this trend to continue through 2026,” Fan noted. He added that some central banks are also purchasing gold from domestic small-scale producers to support local industries and prevent these reserves from flowing to “non-regular participants.” During last October’s gold sell-off, central banks seized the opportunity to boost holdings, but it’s still too early to tell if a similar