hey look at each other and ask “what’s up?”, confused and a bit embarrassed they go to speak again: “Never mind, I’m down”.
What a fortnight. Middle East tensions had markets rattled, BTC dropped nearly 12% in a 48-hour window and the armchair analysts were out in full force calling the end of days. Then, just as quickly, a diplomatic statement (Truth Social Post) signalled a pause in hostilities and Bitcoin reclaimed $71,000 as short-covering lit a fuse through the market. Altcoins followed with ETH and SOL up roughly 5% on the day.
As we all know, crypto markets being open 24/7 is both a blessing and a curse, they become the emergency exit everyone rushes to on a Saturday when the NYSE is closed. The same feature that causes the initial panic-sell is what drives the fastest recovery. Whether you believe another TACO is on the cards or not is for you to decide, just know markets will react.
While everybody seems to pivot to AI again, we continue to build innovative lending solutions for you. We’d love to see you tonight at Martin Place Sydney for the final stop of the roadshow see below!
As always, here for you.
Letter from the trenches
Last Chance: Sydney HNW Roadshow Tonight!
Join the final stop of our National Roadshow. Explore digital assets, precious metals, global macro trends, and market cycles with industry experts in an intimate setting with drinks & canapés.
📍 Sydney, Wed 25 Mar → TICKETS
A shoutout to our sponsors including Ainslie Bullion, Zodia, KuCoin & Independent Reserve.
Crypto News
Bitcoin Shows 'Resilience' Amid Iran War, Outshines Gold & Stocks
Bitcoin has been holding support near the lower end of its recent range while facing resistance near recent highs, signalling buyers remain active despite macro uncertainty. Analysts say the next move for Bitcoin will likely depend on macroeconomic data in the coming week, including flash PMI readings from major economies and further moves in oil prices, which are increasingly shaping expectations for inflation and interest rates. "Bitcoin and crypto markets have looked resilient in the face of the Middle East conflict, outperforming Gold and equity indices," says Bernstein analyst.
Grayscale Files for HYPE ETF Tracking Largest Onchain Perps DEX Hyperliquid
Major crypto asset manager Grayscale has filed to list the Grayscale HYPE ETF, an exchange-traded fund that would track the native Hyperliquid token. Hyperliquid is a high-performance Layer 1 blockchain focused on decentralized perpetual futures trading. The network is currently the largest venue for onchain perps. According to the S-1 filing on Friday, the Grayscale HYPE ETF would trade on the Nasdaq under the ticker symbol GHYP if approved.
Will MrBeast Push Crypto on Kids? Sen. Warren Raises Alarm Over Banking App
U.S. Senator Elizabeth Warren urged Beast Industries to move cautiously as the firm created by famous YouTuber and Businessman MrBeast considers crypto for a teen-focused mobile banking app. Earlier this year, Beast Industries signaled an interest in DeFi after receiving a $200 million investment from Ethereum treasury firm BitMine.
Disclaimer: The information contained in this blog is general in nature and is provided for informational purposes only. It does not constitute financial, legal, or tax advice, and should not be relied upon as such. Block Earner does not guarantee the accuracy or completeness of any information presented. You should consider your own personal circumstances and seek professional advice before making any financial or investment decisions. Past performance is not indicative of future results. All investments carry risk.
