The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

As of March 17th, Polymarket odds for Bitcoin hitting $80,000 in March have climbed to 44% amid the recent cryptocurrency market rebound. Conversely, the probability of Bitcoin dropping to $60,000 in March has fallen to 12%.

On March 17, a major UAE gas field was set ablaze as Iran ramped up attacks on key energy infrastructure. Meanwhile, U.S. President Trump called on allies to help reopen the Strait of Hormuz. The drone strike targeted the Shah Gas Field, located near the UAE’s border with Saudi Arabia—marking Iran’s first attack damaging the UAE’s oil and gas upstream facilities amid ongoing tensions. The UAE government said field operations have been suspended, with no reported casualties. The field is jointly run by Abu Dhabi National Oil Company (ADNOC) and Texas-based Occidental Petroleum. Amid multiple drone and missile attacks, the UAE temporarily closed its airspace at night. Authorities noted air traffic returned to normal early Tuesday. A day prior, Iran struck a fuel depot at Dubai’s main airport—spewing a massive smoke column over the world’s busiest international hub and briefly halting flights. (FXStreet)

On March 17, South Korea’s Financial Supervisory Service (FSS), Korea Customs Service (KCS), nine domestic credit card companies, and the Credit Finance Association signed a joint public-private memorandum of understanding (MOU) to intercept cross-border crime funds linked to cryptocurrency and illegal foreign exchange activities. The MOU targets cutting off channels for illegal overseas fund transfers and forex transactions via crypto. Under the agreement, the parties will integrate overseas credit/debit card usage records with entry-exit data, then conduct linked analysis to identify and block abnormal transactions tied to voice phishing and cryptocurrency-related crimes. Previously, the KCS and individual card firms operated with siloed information, creating major limitations in detecting suspicious activity. The Credit Finance Association will act as a central coordination hub for information sharing and will run a regular practical implementation mechanism.

March 17 — Per Hyperinsight monitoring data (via t.me/HyperInsight), the Abraxas Capital sub-address (0xb83d...) executed a margin adjustment on its CL (WTI crude oil) short position in the past hour, adding 25,100 CL contracts valued at ~$2.91 million. Post-adjustment, the address’s total CL short position stands at ~$14.96 million, with its average entry price rising passively from $92.88 to $93.39. CL is currently trading at $96.72, leaving the position with a floating loss of ~$514,300 (a 6.48% loss). Its liquidation price is set at $144.39. The address was previously Hyperliquid’s largest contract whale, with a peak position size topping $900 million. On-chain data shows it now holds 34,000 BTC (~$2.34 billion) and executes large trades on the Hyperliquid platform.

On March 17, Israeli media reported that the Israeli military targeted Iran’s Supreme National Security Council Secretary Ali Shamkhani. The military is verifying whether he was killed, and Iran has not yet confirmed the incident. (IG)

March 17th — Analyst Ali Charts updated his market outlook this morning, noting Ethereum has broken above the $2152 resistance level, officially shifting to a bullish trend. The next target prices for ETH are set at $2337 and $2538.