Speaker of the House: 'Operation Epic Wrath' Nearing Completion

As of March 26, Cointelegraph reports Bitcoin prices remain under pressure below $72,000, with on-chain data pointing to weakening market demand and capped short-term upside potential. Investor behavior has shifted from accumulation to distribution: whale addresses, along with small-to-medium holders, are showing signs of selling or pausing accumulation. Large transaction activity has also dropped to a multi-month low, as smart money stays on the sidelines amid policy uncertainty (including the proposed "Clarity Act") and geopolitical risks. On-chain activity continues to decline too—core metrics like active addresses and transaction volume reflect softening overall network demand. Mining is also under pressure: Bitcoin’s network hashrate is down roughly 22% from its early March peak. Rising energy costs have cut mining profitability, leading some facilities to shut down. This has intensified market concerns over "miner capitulation" and potential selling pressure.

On March 26, stablecoin startup Payy announced it has closed a $6 million seed funding round led by FirstMark Capital, with participation from Robot Ventures and DBA Crypto. Formerly known as Polybase, Payy rebranded in 2023 to focus on stablecoin payments—with a core emphasis on on-chain transaction privacy via zero-knowledge proofs. Its product lineup includes a self-custody wallet, a Visa-enabled payment card, and the development of the Payy Network: a privacy-focused payment network built on Ethereum Layer 2. Currently, Payy operates in 120 countries with over 100,000 users and processes an annualized transaction volume of roughly $130 million. Going forward, the company will focus on expanding its enterprise customer base and driving stablecoin adoption among financial institutions and in payment use cases.

On March 25, per Lookonchain data, James Wynn once again entered a 40x leveraged Bitcoin short position. The position size is 0.62 BTC, with an entry price of $70,806 and a liquidation price of $71,675.1. His address has previously been liquidated 194 times.

March 25 — U.S. House Speaker Mike Johnson stated Thursday that the Iran conflict is “nearing an end with objectives achieved,” stressing U.S. military deployments to the Middle East serve as a warning to Iran and noting there will be “no ground combat.” However, the Trump administration has recently been revealed to be deploying ground combat forces to the region. Thousands of troops from the Marine Corps’ 31st and 11th Marine Expeditionary Units (MEUs) are en route, while an operational unit under the Army’s 82nd Airborne Division is also preparing to deploy to the Middle East. (Source: Jinshi)

March 25th: SpaceX is targeting up to $75 billion in its initial public offering (IPO), per market sources. Earlier today, reports surfaced that the company could file for the IPO as soon as this week. SpaceX currently holds a valuation of $1.25 trillion, though the actual offering size and final valuation won’t be locked in until the weeks leading up to the IPO.

March 25 — Market institutions remain bullish on Circle’s future despite a temporary 20% price dip earlier this week. Bitwise Asset Management projects Circle could hit a $75 billion valuation by 2030, fueled by stablecoin market expansion. Bitwise CIO Matt Hougan noted Citigroup forecasts the stablecoin market will reach $19 trillion by 2030. USD Coin (USDC) currently holds ~25% market share, and its growth trajectory remains unphased by policy concerns, he added. Previously, market jitters emerged over potential restrictions on USDC’s holding/usage incentive mechanisms under the U.S. proposed Clarity Act, triggering sell-offs. However, analysts at William Blair and Bernstein argue the legislation will have minimal impact on Circle’s long-term fundamentals and may even weaken competitors’ ability to attract liquidity via high yields. Meanwhile, rival Tether is ramping up compliance efforts (including "Big Four" audits) to expand its U.S. market footprint. Analysts say Circle