BlackRock CEO: Cryptocurrency Business to Bring Company $500 Million in Revenue in Next 5 Years

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March 25 — In his 2026 annual letter to shareholders, BlackRock CEO Larry Fink has emerged as one of Wall Street’s most bullish backers of Bitcoin and cryptocurrencies, projecting that crypto and other high-growth markets at BlackRock could generate $5 billion in revenue “over the next five years.” A November report noted that BlackRock, via its market-leading Bitcoin spot ETF, manages nearly 800,000 Bitcoin (valued at $55 billion) on behalf of clients, currently generating roughly $250 million in annual fee revenue from its iShares Bitcoin Trust ETF. Additionally, BlackRock’s dollar-denominated institutional digital liquidity fund (Buidl) has become the world’s largest tokenized fund, with assets under management (AUM) topping $2 billion last year. Fink stated: “BlackRock has already carved out an early leadership position in bringing institutional-grade products to the digital asset market, with nearly $150 billion of our managed assets tied to digital assets.”

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Gold Oil Bear "Abraxas Capital" Rolls Over to Short GOLD, Nearly $4 Million, Position Increases to $21.2 Million

March 25 — Per HyperInsight monitoring data, the Abraxas Capital sub-address (0xb83d...) has incrementally expanded its GOLD short position over the past hour, adding nearly $4 million in holdings. Following this increase, its 5x leveraged CL short position now stands at $21.25 million, with the average entry price dropping from $5187 to $4796. The current GOLD price is $4587, leaving the position with ~$980k in unrealized gains (12% return) and a liquidation price of $6144. Notably, this short position was significantly expanded when gold traded around $4850 (hitting the prior decline’s high). The address also holds a $25 million BRENTOIL short position, with $2.95 million in unrealized gains.

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A certain whale address withdrew 33,998 ETH from Kraken 5 hours ago.

March 25: Per Onchain Lens monitoring, a new whale address with the 0xD77 prefix withdrew 33,998 ETH from Kraken 5 hours ago—valued at roughly $72.9 million.

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Source: Source: Tether to Undergo First Full Financial Audit or for Fundraising Needs

March 25th — Bloomberg reported Wednesday that Tether Holdings SA, the issuer of the stablecoin Tether, has paused a $20 billion financing plan. The firm is awaiting results from its first full financial audit and could restart fundraising once the audit wraps up. During the fundraising process, potential investors and bankers have pushed Tether to boost financial transparency, though some prospective backers remain willing to support the company before the audit results are released. Tether has already hired an accounting firm to conduct the audit.

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The top Bitcoin whale on Hyperliquid is shorting BTC while longing crude oil.

On-chain analyst Ai Auntie (@ai_9684xtpa) reported on March 25th that the address 0x94d…33814 opened a combined BTC short and Brent crude long position overnight, with a total notional value of $89.79 million—securing the top BTC position on Hyperliquid. The position breaks down as: - 1,000 BTC in a 40x short (valued at $70.65 million, entry price $69,614) - 202,000 barrels of Brent crude in a 20x long (valued at $19.16 million, entry price $98.32)

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Circle plunges over 20% in a day, two whales simultaneously buy the dip in the millions to accumulate CRCL

March 25th — Per monitoring from Hyperinsight, U.S. stock crypto-related concept stocks posted a collective decline, with Circle (CRCL) dropping 20.1%. On Hyperliquid, the contract price for this asset currently stands at $102.7. Amid the sharp sell-off, two on-chain whales (0xcee) and (0x51b) simultaneously bottom-fished early this morning. Each opened long positions of roughly $1 million in CRCL, with average entry prices of $106 and $103 respectively. Their liquidation price is set at $95.8 — the closest level to the recent market price.

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A certain newly created address has deposited 2 million USDC to short 5x on crude oil

March 25th: A newly created wallet deposited 2 million USDC into HyperLiquid and opened a 5x leveraged CL short position, per Onchain Lens monitoring.

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