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This Week in Crypto Markets: FTX to Distribute $2.2 Billion in Reimbursements, US Non-Farm Payrolls Data Key Variable

2 hours ago

March 30th — The cryptocurrency market could face high volatility in the final week of March, as the FTX Recovery Trust is scheduled to distribute roughly $2.2 billion to creditors on March 31st — a move that may directly impact market liquidity. On the macro front, the U.S. will release March non-farm payrolls data this Friday, alongside key metrics including the unemployment rate, initial jobless claims, and ISM readings. Amid ongoing Middle East tensions and rising inflation expectations, uncertainty lingers over the market’s view of the Federal Reserve’s policy path. Additionally, BNP Paribas will launch six new crypto ETN products this week. Several DAO governance votes, token unlocks, and new project launches are also on tap — including unlocks for protocols like SUI, Ethena, and Hyperliquid. Analysts note this week could be a critical window to watch for the crypto market’s short-term trend, driven by geopolitics, macro data, and on-chain fund flows.
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Powell to Speak Tonight: Middle East Situation Adding to Inflation Pressure, Rate Cut Expectations Face Another Test

Federal Reserve Chair Jerome Powell will take part in a public event and live Q&A session tonight at 22:30 Beijing time (March 30). Amid ongoing Middle East tensions and heightened market volatility, this appearance ranks among the week’s most anticipated macroeconomic events. Markets widely expect Powell to maintain a cautious stance, avoiding clear signals on the rate-cut path. With inflation still above the Fed’s 2% target and added uncertainty from tariffs and geopolitical conflicts, the probability of the Fed holding rates steady in the near term is rising—reinforcing the “no rate cut” narrative. Tensions persist between former President Donald Trump and the Federal Reserve. If Powell delivers a hawkish or wait-and-see signal, markets anticipate Trump will again exert pressure, escalating the policy standoff. On the fundamental front, signs of weakness have emerged in the U.S. labor market: February saw a sharp drop in job additions, pressuring the economic outlook and pl

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Gold Swing Whale Acquires Additional $3.388 Million PAXG at an Average Price of $4684

March 30: Per AI Monitor Auntie, wallet address 0x3Cc5e0388Ecbdc77cD42655129ede0253d4D87Cf has launched another "Golden Cross Wave" after a one-month hiatus. 3 hours ago, it withdrew 586 PAXG (valued at $2.66 million) from Binance. Cumulatively, this wave has involved $3.388 million worth of tokens, with an average entry price of $4,684. Its previous wave—valued at $6.84 million—ultimately resulted in a $267,000 loss.

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Binance will list BASEDUSDT perpetual contracts

March 30 — Binance will list the BASEDUSDT perpetual contract, per an official announcement.

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Whale Hedge Fund with $48M Long BTC Position Outperforms HYPE, Nets $1.28M Intraday Profit

March 30th — According to monitoring from Hyperinsight (via t.me/HyperInsight), the whale address 0x939 continues to hold a BTC/HYPE hedge pair: a **$28.5 million long position in BTC** (average entry price: $70,557) and a **$19.38 million short position in HYPE** (average entry price: $39). Today, BTC extended its gains, while HYPE briefly tracked BTC’s upward move before retreating below $38 — posting a 4.5% 24-hour drop. Both positions have performed well, with the pair generating **over $1.28 million in profits in the past 24 hours** — validating its bet that BTC would outperform HYPE. This address previously deployed a similar strategy: holding a ~$50 million long position in BTC while shorting ETH, XRP, ADA, and 8 other tokens. That strategy paid off, and its cumulative profit for that cycle still stands at approximately $37.1 million.

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Institution: Dollar Strengthens Again Amid Escalating War Concerns

On March 30, the U.S. dollar strengthened again as escalating Middle East conflict concerns lifted oil prices and damped risk sentiment. Earlier, the yen firmed after Japanese officials ramped up warnings about potential intervention to support the currency, prompting a slight dollar pullback. But the dollar’s decline was limited and short-lived, buoyed by its safe-haven appeal and the U.S.’s status as a net oil exporter. ING Group’s Chris Turner noted in a report: “Unless Iran delivers a clear easing signal, the dollar is unlikely to give up its monthly gains in the short term.” (FX168)

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Last week, digital asset investment products saw a net outflow of $414 million, marking the first outflow in five weeks.

March 30th According to the latest weekly update from Coinshares, crypto investment products recorded outflows for the first time following five straight weeks of inflows, totaling $4.14 billion. Assets Under Management (AUM) dropped to $129 billion, driven by concerns over the Iran conflict and the Federal Reserve’s shift toward tighter monetary policy. U.S.-focused funds led the outflows at $4.45 billion, while Germany and Canada capitalized on lower price levels to accumulate positions. - **Ethereum**: Saw its largest sell-off on record, with outflows of $2.22 billion. Its year-to-date net inflows remain $2.73 billion, possibly tied to the proposed CLARITY Act. - **Bitcoin**: Posted outflows of $1.94 billion but still holds a year-to-date net inflow of $9.64 billion. - **XRP**: Outperformed peers, recording a record inflow of $15.8 million.

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