A whale saw its BTC holdings tumble and its S&P 500 position affected, leading to a personal liquidation cascade that resulted in liquidations of over 10 million across the entire S&P 500 in less than an hour.

**March 26 — Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, said in response to a legislator’s question that the People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are exploring plans and feasibility to upgrade digital currency wallets. The goals include raising transaction limits, expanding use cases, and improving user experience. Relevant policy and technical details still require further discussion, so no specific plan or timeline has been set, Hui noted. He also disclosed the latest figures on Hong Kong’s digital yuan (e-CNY) progress: local promotion has made breakthrough gains, with sharp rises in wallet openings and merchant acceptance. Hong Kong’s digital payment era has officially entered the fast track. (Source: Yicai)** ### Notes on U.S. language adjustments: 1. **Simplified phrasing**: Replaced "arrangement and feasibility" with "plans and feasibility" (more conversational for U.S. news); "usage limit" →

On March 26, The Wall Street Journal reported that Fannie Mae will accept cryptocurrency as collateral for mortgage loans for the first time.

On March 26, per Onchain Lens monitoring data, BlackRock has deposited 1,133.65 Bitcoin (valued at approximately $78.83 million) and 15,405 Ethereum (valued at approximately $32.02 million) into Coinbase.

On March 26th, Coinglass data shows Coinbase’s Bitcoin Premium Index has stayed in negative territory for 8 straight days, currently at -0.0573%, with U.S. market purchasing power remaining weak. The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase and the global market average. A negative premium typically signals heavier selling pressure in the U.S. market, reduced investor risk appetite, elevated risk aversion, or capital outflows.

March 26 (Cointelegraph) — Bitcoin has once again fallen below $70,000, with multiple on-chain and technical indicators signaling the current bear market is entering its late stage. On-chain data shows Bitcoin’s Net Unrealized Profit/Loss (NUPL) has dropped below 0.25, placing it in the “Hope/Fear Zone.” CryptoQuant analyst The Enigma Trader noted this means ~40% of Bitcoin’s circulating supply is in a loss position, while the Fear & Greed Index has fallen to 15 (indicating “extreme fear”) — reflecting “pain and uncertainty.” He added that a NUPL rebound above 0.25 would signal a shift to the optimistic zone, a transition historically aligned with strengthening price momentum. Glassnode reported the 7-day average of Relative Unrealized Loss has stabilized at 15%. Historically, resolving this level of embedded losses requires time, further price declines, or a sustained influx of significant fresh capital in a compressed timeframe. Additionally, Bitcoin’s entity-adjusted realized

On March 26, data from DefiLlama reveals that trading volumes across major perpetual futures DEX platforms have generally declined, while open interest remains elevated. Among these platforms, Hyperliquid’s 24-hour trading volume dropped by roughly 11%, with open interest seeing only a minor change but staying at high levels. The latest 24-hour trading volume and open interest rankings are as follows: - **Hyperliquid** (link: https://app.hyperliquid.xyz/join/NTOD): ~$7.03B trading volume; ~$7.06B open interest - **EdgeX**: ~$3.03B trading volume; ~$1.20B open interest - **Aster** (link: https://www.asterdex.com/en/referral/aboter): ~$2.03B trading volume; ~$1.92B open interest - **Lighter** (link: https://app.lighter.xyz/?referral=70045843): ~$2.00B trading volume; ~$690M open interest - **Grvt**: ~$1.48B trading volume; ~$474M open interest - **Pacifica** (link: https://app.pacifica.fi/trade/PAXG?referral=pacbot): ~$344M trading volume; ~$74.52M open interest Note: