A Whale Takes Profit on Gold-Silver Short, Totaling $2.61M

On March 26, spot silver plunged 5.7% intraday, per Bitget data, and was last trading at $67.14 per ounce.

Hong Kong Police updated the public on the progress of the JPEX crypto exchange fraud case on March 26, per the Hong Kong Commercial Daily. Since September 2023, 80 people have been arrested, and assets worth around HK$228 million have been frozen. On March 26, police carried out additional raids, charging 10 individuals with money laundering and conspiracy to launder money. Hong Kong Police Commercial Crime Investigation Department Inspector Han Chenghao noted the JPEX case is Hong Kong’s largest crypto fraud in recent years by victim count and loss amount—over 2,700 victims have reported losses exceeding HK$1.6 billion. To date, no company or individual has admitted to being the actual operator, so police will conduct extensive investigations to identify the mastermind, key members, or accomplices.

On March 26th, per Bitget market data, U.S. pre-market crypto-related stocks posted broad declines. Notable drops include: - Bitmine (BMNR): 4.05% lower - Sharplink Gaming (SBET): 3.98% down - Circle (CRCL): 3.04% decrease - Bullish (BLSH): 2.97% lower - Riot Platforms (RIOT): 2.90% down - MARA Holdings (MARA): 2.78% decrease - MicroStrategy (MSTR): 2.11% lower This rewrite aligns with U.S. English brevity and clarity for financial alerts, using common phrasing like "posted broad declines" and structured bullet points for readability.

**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.