Macro is only getting more complicated

DAILY MARKET OVERVIEW

Fake News?

👋 Hey, Crypto Enthusiasts! Iran pushes back, traders get cautious, whales stay active. Let’s explore!

Recently, crypto caught a bounce after Donald Trump supposedly had talks with Iran about de-escalation.

Nice… except it might not be real. 🤔 

Iran’s parliament speaker came out saying:

• No negotiations happened

• It’s fake news

• It’s being used to manipulate markets

So the “good news” might’ve just been noise.

Now traders are side-eyeing the whole thing and starting to think it was more about buying time than telling the truth.

On the inflow side, things are cooling a bit.

• ETFs remain relatively flat

• Strategy slowed down its Bitcoin buying

  • $76.6M this week

  • vs $1.5B the week before

That’s a big drop in pace.

That said, demand is still there. The market knows Saylor isn’t done accumulating BTC… just pacing it.

🟢 ETH isn’t being left behind either.

Bitmine is going bigger on its Ethereum bet:

• Bought another 65,341 ETH

• Total holdings now at 4.66M ETH (~$10B)

• That’s about 3.86% of total supply

Its total crypto + cash position sits around $11B, making it the clear leader among ETH treasury companies.

And it’s not just sitting on it.

• Over 3.1M ETH already staked

• Potential annual staking rewards: ~$272M

🌨️ Chairman Tom Lee believes ETH is in the final phase of a “mini crypto winter.”

He also points out that crypto is starting to act as a hedge during global conflict, with ETH recently outperforming traditional markets.

So where does that leave us ⁉️ 

Macro is shaky and likely stays that way for a while → which means pressure on prices in the short term.

But at the same time, big players like Strategy and Bitmine are still quietly absorbing supply.

💪 That’s a strong long-term signal.

Short term: expect lower / choppy
Long term: still bullish

THIS NEWSLETTER IS BROUGHT TO YOU BY:
OPENWALLET

Next-level security for your digital assets

Experience top security with Open Wallet. Your wallet blends user-friendliness with strong security.

SOCIAL SENTIMENT

🪙 Tokenization is coming for your portfolio

Larry Fink runs BlackRock. BlackRock manages $11+ trillion. When he writes his annual letter, Wall Street reads it twice.

This year, he's back on tokenization. And the pitch is simpler than ever.

"Half the world carries a digital wallet. Imagine if that wallet could also let you invest."

That's the whole thesis. Your Venmo, your Apple Pay, your whatever app you use to split dinner. Same thing, but now it buys you a slice of the S&P 500.

👉️ Tokenization takes traditional assets (stocks, bonds, real estate) and converts them into digital tokens on a blockchain.

👉️ The big deal? Those tokens can be fractional, tradeable 24/7, and settled in seconds instead of days.

Last year Fink compared the upgrade to swapping postal mail for email. This year he's focused on who it reaches: the billions of people who already have a smartphone but still can't easily access global markets.

🍃 The dominoes are already falling.

The SEC just greenlit Nasdaq's pilot program to test trading tokenized shares.

• Nasdaq also just partnered with digital asset firm Talos to let institutional investors use tokenized collateral.

• Under new SEC Chair Paul Atkins, onchain securities are moving from "interesting concept" to actual rulemaking.

And it's not just BlackRock. Goldman Sachs name-dropped crypto in its shareholder letter for the first time ever last year. Wall Street is no longer asking if. It's asking how fast.

When the world's largest asset manager says tokenization could democratize investing the way email democratized communication, two years in a row, it's no longer a take to ignore.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Hyperliquid HIP-3 Open Interest Surges to New High
Hyperliquid’s tokenized markets hit $1.74B open interest, driven by strong demand for 24/7 trading of commodities like oil and silver.

Kalshi and Polymarket Tighten Rules Amid Regulatory Pressure
Prediction platforms roll out stricter insider trading controls as U.S. lawmakers push new restrictions on sports and event-based markets.

Balancer Labs Shuts Down After $128M Exploit
Balancer’s core entity is closing following a major hack, with the protocol shifting to a leaner DAO-led structure to survive.

Australian Pension Fund Considers Crypto Access
Hostplus is exploring adding crypto investments for self-directed retirement accounts, signaling growing institutional demand in Australia.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Coin Bureau – Where Money Goes If Yield Is Banned (24.03.2026 Summary)

This video explains why banks are pushing to ban stablecoin yield and what happens to money if that ban actually passes.

Key Points

• Banks make huge profits by paying users ~0.4% while earning ~3–4% on deposits

• Stablecoins break this model by offering users the real yield (4–7%)

• The Genius Act already banned direct yield from issuers, but left a loophole

• Exchanges and DeFi platforms used that loophole to pass yield back to users

• Now banks are lobbying to close it through the Clarity Act (Section 404)

• This would ban all yield on stablecoins in the US, even via third parties

• Banks claim trillions could leave the system if yield is allowed

• Real reason → protect their profit model (not consumer safety)

• If yield is banned, money likely won’t go back to banks

• Instead, it will move to:

  • DeFi protocols (Aave, etc.) offering 4–7%

  • Offshore exchanges offering even higher yields

• Courts have ruled that smart contracts can’t easily be shut down

• This makes a full ban hard to enforce globally

Final Takeaway
If stablecoin yield gets banned in the US, capital won’t disappear, it will move to DeFi and offshore platforms. This could accelerate the shift away from traditional banking instead of protecting it.

Benjamin Cowen – Gold Drops Nearly 30% (24.03.2026 Summary)

Gold is down sharply, but Cowen says this correction was expected and doesn’t mean the long-term trend is over.

Key Points

• Gold’s drop in 2026 was anticipated, but the long-term outlook remains bullish.

• Stocks have been underperforming gold since 2022, despite strong narratives like AI.

• Current setup is similar to 1973 and 2008:

  • Stocks break down vs gold

  • Recession risk rises

  • Gold corrects but later recovers and makes new highs

• No confirmed recession yet, but:

  • Labor market is weakening

  • Risk increases if stocks continue falling

• We are likely in a late business cycle, which favors gold over stocks and crypto.

• Bitcoin and altcoins have also been weak vs gold, so short-term comparisons can be misleading.

• Gold’s role is not to avoid drops, but to hold value better during weak macro conditions.

Final Takeaway
This looks like a normal correction, not the end of gold’s bull trend. If the cycle weakens and money printing returns, gold is likely to benefit again.

CRYPTO MEMES

HELP US IMPROVE

WE ALSO READ