Trump Endorses Cryptocurrency: U.S. to Become Global 'Bitcoin Superpower'

March 28 — The S&P 500, Nasdaq Composite and Dow Jones Industrial Average all logged weekly losses, marking their longest streak of five consecutive weekly declines since 2022. The combined market capitalization of the seven largest U.S. tech giants shrank by roughly $870 billion this week, while the Nasdaq has fallen more than 13% from its October 2023 high. U.S. stocks faced heavy downward pressure this week amid multiple bearish catalysts. As of Friday’s close: - The Dow tumbled 793 points in a single session - The S&P 500 hit a fresh seven-month low - The Nasdaq deepened its technical correction - The average maximum drawdown for S&P 500 components reached 17%, while Nasdaq stocks averaged a 31% drawdown — with actual losses far steeper than index levels suggest. The tech sector bore the brunt of the selloff: - Meta Platforms dropped ~12% this week, weighed by two child safety lawsuit losses and layoff announcements - Tesla and Amazon each fell more than 3% - Nv

March 28 — Per Lookonchain monitoring, a whale reportedly offloaded 4,500 BTC (valued at approximately $295.5 million). Eight hours prior, NYDIG transferred the 4,500 BTC to Wintermute, Cumberland, FalconX, B2C2 Group, and Galaxy Digital — likely to facilitate the sale.

As of March 28, AI Auntie’s monitoring reveals a large ETH holder who purchased during the Feb 6 market rebound has closed their position, incurring a $239,000 loss. The wallet address (0xAb59403c721Eaa64a850474e63919573c0F0b767) bought 7,008.8 ETH on-chain at $2,075 per unit, totaling $14.54 million. The holding was sold in two batches—one two weeks ago, the other six hours ago—with a final average selling price of $2,041.28, resulting in the loss.

On March 28th, per Lookonchain data, a wallet linked to F2Pool co-founder Wang Chun withdrew 9,000 ETH (≈$17.86 million) from Binance 8 hours ago and has since deposited the funds into Aave. As of now, the wallet holds a total of 79,818 ETH (≈$158.7 million).

March 28th: Per OnchainLens monitoring data, whale address 0xb19 deposited 2 million USDC into HyperLiquid and opened a 4x leveraged long position on 60,964 BRENTOIL contracts, worth roughly $6.5 million. Meanwhile, whale address 0xfee entered a counterparty short position, opening an 8x leveraged short position on 71,519 BRENTOIL contracts valued at approximately $7.6 million.

March 28: OnchainLens monitoring shows a whale address has deposited 4 million USDC into HyperLiquid and begun purchasing HYPE. As of now, the address holds 56,208 HYPE valued at over $2 million. It also has an active Time-Weighted Average Price (TWAP) order, which is expected to expand its position further in approximately 10 hours.