On-chain CRCL Maximum Long Position Unrealized PNL Widens to $450,000, Concurrent Korea ETF Long Position Shows 26% Unrealized Gains

March 11 — The U.S. Department of Justice (DOJ) has opened an investigation into Iran’s use of crypto exchange Binance to evade sanctions, focusing on funds funneled through the platform to networks backing terrorist organizations, The Wall Street Journal reported Monday. Sources familiar with the matter said the probe stems from an internal Binance review of more than $1 billion in Iran-related transactions.

March 11th — Per DefiLlama data, the overall trading volume of on-chain perpetual futures DEXs (Perp DEXs) has seen a slight decline, but open interest remains elevated, indicating leveraged positions haven’t unwound. Previously fueled by macro developments, the market’s trading volume surged sharply; currently, amid a lull in news flow, the market lacks clear directional momentum. **Key Details:** Hyperliquid’s 24-hour trading volume is down ~21% from yesterday, with its WTI crude oil contract volume dropping 33% to ~$1.2 billion. Below is the ranking of major Perp DEXs by 24-hour trading volume: - **Hyperliquid** [https://app.hyperliquid.xyz/join/NTOD]: ~$79.5B (24h vol) | ~$45.1B (TVL) | ~$60.9B (open interest) - **Aster** [https://www.asterdex.com/en/referral/aboter]: ~$30.6B | ~$9.42B | ~$20.2B - **EdgeX**: ~$26.7B | ~$1.78B | ~$10.7B - **Lighter** [https://app.lighter.xyz/?referral=70045843]: ~$22.8B | ~$6.26B | ~$6.46B - **Grvt**: ~$15.1B | ~$1.04B | ~$4.90B

On March 11, Bank of England Deputy Governor Broadbent stated the central bank will review whether the 60:40 reserve backing ratio for stablecoins is overly conservative. (Gold10)

**Metaverse Tokens Post Broad Gains on March 11: HTX Market Data** Key token performance (24-hour change + current price): - PIXEL: +203.16% → $0.01616 - XAI: +55.86% → $0.01476 - PORTAL: +29.07% → $0.01523 - AI: +19.02% → $0.0244 This format aligns with U.S. news brief conventions: concise headline, clear data breakdown, and scannable bullet points for quick reading.

March 11 — According to data from Coinglass, Bitcoin saw a slight retreat today while remaining volatile. Current funding rates across major centralized (CEX) and decentralized (DEX) exchanges point to an overall bearish market sentiment, with specific rates available in the attached image. Note from BlockBeats: The funding rate is a fee established by crypto exchanges to balance contract prices with the underlying asset’s price, typically applicable to perpetual contracts. It’s a mechanism for fund transfers between long and short traders—exchanges do not collect this fee. Its purpose is to adjust the cost or profit of traders holding contracts, keeping contract prices aligned with the underlying asset’s price. A funding rate of 0.01% serves as the baseline. Rates above 0.01% signal a broadly bullish market, while rates below 0.005% point to a broadly bearish market.

Per Onchain Lens monitoring, a newly created wallet withdrew 738.38 XAUT—valued at roughly $3.8 million—from Bitfinex on March 11.