Brent Crude Trading Pair Breaks into Hyperliquid's Top Ten Trading Pairs, 24-hour Trading Volume Surpasses $140 Million

On March 9, *The Guardian* reports that the Bank Policy Institute (BPI)—representing 40 large U.S. banks including JPMorgan Chase, Goldman Sachs, and Citigroup—is weighing a lawsuit against the Office of the Comptroller of the Currency (OCC). BPI notes that OCC chief Jonathan Gould—appointed by former President Trump—is reinterpreting federal charter rules to streamline access to a “national bank charter” for crypto firms and fintech startups, enabling them to operate across all 50 U.S. states. The institute argues this move would let such firms enter the U.S. financial system without strict oversight, risking harm to consumers and financial system stability. BPI previously pressed the OCC in October to reject license applications from Circle, Ripple, and payment firm Wise. Additionally, Trump family-owned crypto company World Liberty Financial filed for the same charter in January 2024. Also opposing the OCC’s policy: the Conference of State Bank Supervisors (CSBS)—representi

**March 9th: Onchain Lens data indicates BlackRock has deposited 2,200 BTC (≈$149.13 million) and 2,417 ETH (≈$4.84 million) to Coinbase in the past half hour, with potential for additional deposits.**

**Update:** As of March 9, data from DefiLlama shows trading activity across major perpetual protocol DEXs remained relatively muted over the weekend. Hyperliquid’s trading volume came in under $5 billion, though its total value locked (TVL) saw a modest uptick and open interest held a minor fluctuation. EdgeX held the second spot by trading volume, while Hyperliquid retained the top position. Below are the latest 24-hour trading volume, TVL, and open interest figures for leading perpetual protocol DEXs: - **Hyperliquid**: ~$45.7 billion (24h trading volume) | ~$44.4 billion (TVL) | ~$57.1 billion (open interest) - **EdgeX**: ~$20.8 billion (24h trading volume) | ~$1.79 billion (TVL) | ~$10.3 billion (open interest) - **Aster**: ~$17.7 billion (24h trading volume) | ~$9.72 billion (TVL) | ~$21.4 billion (open interest) - **Lighter**: ~$16.5 billion (24h trading volume) | ~$6.33 billion (TVL) | ~$6.36 billion (open interest) - **Apex**: ~$11.0 billion (24h trading volume

On March 9, The Wall Street Journal reports that Nasdaq has teamed up with Kraken to boost its tokenization strategy—a key step toward bridging traditional finance and blockchain technology. The collaboration aims to streamline digital asset management.

On March 9, CoinDesk data shows that on-chain tokenization of real-world assets (RWA)—excluding stablecoins—has surpassed $25 billion, nearly quadrupling from roughly $6.4 billion a year ago. Over the past year, several traditional asset management firms have ramped up tokenized product launches, with BlackRock, Fidelity Investments and WisdomTree all rolling out related tokenized fund offerings. Currently, six asset classes have on-chain values exceeding $1 billion: U.S. Treasuries, commodities, private credit, institutional alternative funds, corporate bonds and non-U.S. government bonds. U.S. Treasury products have seen particularly strong growth, with the number of related tokenized offerings rising from 35 to more than 50. Industry data, however, indicates the current RWA market growth stems primarily from institutional issuance—not secondary trading. A large share of on-chain transfer volume is concentrated at the $10 million level, meaning institutions typically allocat

March 9th Per HyperInsight monitoring, WTI crude oil briefly dropped to $97 per barrel. On Hyperliquid, the corresponding mapping contract (CL) temporarily fell below $94 amid a liquidity squeeze, showing a needle-drop trend. Two whales took long positions during this period: 1. Whale starting with 0x202: With an extremely narrow liquidation price and 20x leverage, it entered precisely at the needle-drop level with an average price of $95.38, opening a long position equivalent to 39,500 barrels of oil (~$3.75 million). As prices rebounded to $100, it partially closed positions to take profits. Current position size: ~$3.65 million; liquidation price: $92.9; unrealized profit: $230,000 (ROI 57%). 2. "Shanzhai Air Force Head" Whale: Continued going long after prices fell below $100, and added to positions during the rebound. Short-term position size exceeded $7.7 million; average entry price: $100.3; liquidation price: $76.9; unrealized profit: $100,000 (5%).