Institution: Dollar Strengthens Again Amid Escalating War Concerns

On March 30, U.S. President Donald Trump posted on social media: “Significant progress has been made in serious negotiations between the U.S. and a new, more rational Iranian regime to end U.S. military operations in Iran. While an agreement is likely, if we fail to reach a swift deal for any reason — and if the Strait of Hormuz is not immediately ‘open for business’ — we will destroy and obliterate all of Iran’s electricity plants, oil wells, and Hark Island (which may include all desalination plants). These are targets we have purposely left untouched so far, as we aim to conclude our ‘delightful residency’ there.”

On March 30, Barchart data shows short interest in Russell 3000 Index components has hit a 15-year high.

**Bernstein: Crypto Stocks Trade at 'Significant Discount' Amid Short-Term Weakness** On March 30, Bernstein noted cryptocurrency-related stocks are trading at a "significant discount" following a sharp sell-off, with current valuations reflecting weak short-term sentiment rather than long-term growth potential. In a client report Monday, the research and brokerage firm said digital asset infrastructure stocks—including exchanges, brokers, and tokenization platforms—have fallen ~60% from recent highs, even as their underlying businesses continue to grow in areas like stablecoins, derivatives, prediction markets, and real-world asset tokenization. Bernstein expects the current weakness to persist through first-quarter earnings releases, then stabilize, adding the Q1 earnings season may mark a bottom. This view builds on the firm’s recent stance that some crypto stock sell-offs—including Circle-linked names, driven by U.S. regulatory concerns—have already overshot fundamental

March 30 — Per official sources, Midas has announced the completion of a $50 million Series A funding round. The round was led by RRE Ventures and Creandum, with participation from Framework Ventures, HV Capital, Ledger Cathay, Coinbase Ventures, Franklin Templeton, GSR, and several other institutions. Concurrently, Midas unveiled its core product: Midas Staked Liquidity (MSL), built on the "Open Liquidity Architecture." The product has an initial capacity of up to $40 million, and aims to tackle liquidity challenges for tokenized real-world assets (RWA) by enabling instant liquidity and immediate redemption.

March 30 – Trading activity across major perpetual futures decentralized exchanges (Perp DEXs) slowed broadly over the weekend, with open interest also declining, according to DefiLlama data. Hyperliquid’s trading volume dropped 43% week-over-week (vs. the prior Monday) to roughly $3 billion, though its open interest remains elevated relative to peers. Below is the latest 24-hour trading volume ranking for key Perp DEXs: - Hyperliquid: ~$28.2B 24h trading volume; ~$69.2B open interest (Link: https://app.hyperliquid.xyz/join/NTOD) - EdgeX: ~$15.9B 24h trading volume; ~$10.8B open interest - Aster: ~$14.5B 24h trading volume; ~$17.7B open interest (Link: https://www.asterdex.com/referral/aboter) - Apex: ~$9.95B 24h trading volume; ~$11.1B open interest - Lighter: ~$9.73B 24h trading volume; ~$6.52B open interest (Link: https://app.lighter.xyz/?referral=70045843) - Pacifica: ~$2.23B 24h trading volume; ~$70.46M open interest (Link: https://app.pacifica.fi/t

Per Lookonchain data as of March 30, Abraxas Capital has taken a massive $135 million short position in crude oil futures, consisting of: - 954,996 contracts of xyz:BRENTOIL (valued at ~$102.7 million) - 322,885 contracts of xyz:CL (valued at ~$32.7 million)