Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

On March 16, research and brokerage firm Bernstein said in a report that 60% of Bitcoin’s total supply is held by entities that haven’t moved their holdings in over a year. This ownership structure is unique to Bitcoin, signaling a cohort of long-term “hodlers” who are unfazed by Bitcoin’s price volatility and view it as a “store of value” tool. This dynamic comes amid Bitcoin’s significant underperformance relative to gold last year. Nearly 14% of Bitcoin is held by ETFs, digital asset treasuries (including corporate treasuries), and governments. Bitcoin’s resilient capital base is growing.

March 16 — Per official sources, Streamex Corp. (NASDAQ: STEX) today announced the appointment of Christine Plummer, a 30-year finance industry veteran, as its new Chief Financial Officer (CFO). Plummer previously served as Global Finance Director at Coinbase, leading a global team of more than 50 responsible for financial settlements, regulatory reporting, and new product operational readiness. Before joining Coinbase, she held the role of Global Vice President and Managing Director of Finance at MSCI Inc., where she led a global business revenue finance team of over 70 and spearheaded financial transformation efforts. Earlier in her career, she spent more than 20 years at Morgan Stanley, holding positions including CFO of the Americas legal entity and Global Funds Finance Manager. Streamex CEO Henry McPhie noted that Plummer’s blend of deep traditional finance expertise and digital asset infrastructure leadership will provide key support for the company’s advancement of GLDY, i

March 16 — Digital asset management platform Abra Financial Holdings, Inc. announced today it has entered a definitive merger agreement with special purpose acquisition company (SPAC) New Providence Acquisition Corp. III (Nasdaq: NPACU), planning to go public via the SPAC. The merged entity will list on Nasdaq under the ticker symbol “ABRX.” Key transaction terms include: - **Valuation**: Abra holds a $7.5 billion pre-money equity valuation - **Funding**: The deal is expected to deliver up to $300 million in cash (held in trust, subject to shareholder redemptions) - **Equity Transfer**: Existing Abra shareholders will contribute 100% of their equity to the post-merger company, including major investors Adams Street, Blockchain Capital, Pantera Capital, RRE Ventures, and SBI - **Market Focus**: Targeting the $100 trillion global wealth management market, with a focus on digital assets and tokenization

On March 16, Jane Street-linked addresses received 205.36 BTC (valued at approximately $15.08 million) from BitMEX and LMAX Digital over the past two hours, per LookOnChain monitoring.

On March 16th, crypto analytics firm Glassnode noted in a social media post that Bitcoin’s options market currently has significant negative gamma exposure concentrated around the $75,000 strike price. Market makers appear to hold substantial short positions in structured call options at this level. As Bitcoin’s spot price approaches this zone, hedging activity could intensify—potentially amplifying upward price swings.

March 16: Per market sources, French publicly-listed firm Capital B has added 8 Bitcoins to its holdings, now holding a total of 2,844.