MARA Holdings' pre-market trading saw a surge of over 10%, following its announcement of selling 15,133 BTC to repurchase $1 billion of convertible bonds.

**March 26** Global markets are navigating three concurrent key trends: 1. **U.S. Energy & Supply Chain Moves**: The U.S. has relaxed E15 gasoline restrictions and accelerated reliance on Venezuela for oil and gold—part of efforts to cap energy prices and rebuild supply chain dominance. 2. **Japan Rates & Bond Selloff**: Japan’s rate hike bets are surging, driving a global bond selloff. Markets are repricing inflation and the monetary tightening path. 3. **Escalating Middle East Tensions**: Tensions haven’t eased—military escalation continues under “negotiation” guise. U.S. troop reinforcements and Iran’s strong response amplify risks to energy transport and strait control. This mix of *energy caps + liquidity tightening + geopolitical risk* undercuts the existing pricing framework: - Energy is politically intervened; - Rate markets lost loose policy expectations; - Safe-haven gold sees physical mobilization (not just paper trades)—funds shift from financial to tang

March 26: Per Onchain Lens data, whale 0x049 shorted 577.34 BTC ($40M) and 19,344.8 ETH ($40M) with 20x leverage.

On March 26th, LookOnChain monitoring shows that the whale wallet bc1pvu purchased an additional 100 BTC (valued at $6.99 million) 5 hours ago. Over the past 6 months, this whale has accumulated 1,046 BTC (worth $72.78 million) at an average price of $92,258, currently holding an unrealized loss of $23.72 million.

March 26 — A report from Decrypt reveals the Kingdom of Bhutan transferred 519.707 bitcoins (roughly $36.75 million) to an external address on Wednesday, continuing its bitcoin sell-off trend that began in 2026. On-chain data shows Bhutan’s royal government currently holds 4,453 bitcoins, worth roughly $315 million — a 66% drop from its peak of nearly 13,000 bitcoins at the end of 2024. Total outflows since the start of the year have topped $150 million. Bhutan’s sell-off pace is accelerating: January and February transfers ranged from $5 million to $15 million each, while March transfers have jumped to $35 million–$45 million apiece. Wednesday’s transfer destination aligns with typical exchange deposit patterns, though the exact recipient remains unconfirmed. Unlike most nations that accumulate bitcoin via purchases, Bhutan’s holdings stem from mining operations powered by its abundant hydroelectric resources. In December 2025, Bhutan committed to using up to 10,000 bitcoins

March 26 – Iran has officially submitted its response to the U.S.’s 15-point proposal through intermediaries, per Iran’s Tasnim News Agency. Sources note the reply was sent last night, and Tehran is now awaiting a U.S. response. Key demands in Iran’s response include: - An end to hostile terrorist acts; - Establishing objective conditions to prevent future wars; - Clear guarantees on war reparations and compensation; - A synchronized ceasefire across all regional frontlines and among all combatant resistance groups. Sources also stressed Iran’s sovereignty over the Strait of Hormuz is a natural, legal right—critical to ensuring the other party upholds its commitments—and that this right must be recognized. Iran has labeled U.S. negotiation statements a “third deception” scheme with three core goals: - Deceiving the international community with a fabricated peace gesture; - Driving down global oil prices; - Buying time for an aggressive U.S. ground invasion from s

March 26: DeFi lending protocol Moonwell is facing a governance attack, per The Block. An attacker spent roughly $1,800 to acquire ~40 million MFAM tokens. After completing the purchase, they submitted a proposal and voted within ~11 minutes—attempting to transfer admin privileges for 7 lending markets, the controller, and core oracle contracts to a contract under their control to siphon ~$1.08 million in user funds. Voting on the proposal runs through March 27. It hit the required threshold for affirmative votes early on, but a wave of dissenting votes has since surged. Final results will hinge on remaining votes and coordination, though. Moonwell can also veto the proposal and reclaim control via its emergency multisig, the "Break Glass Guardian."