Eugene: Has switched to a long position, as multiple altcoins are forming a natural rounded bottom pattern, indicating a higher probability of a short-term price increase in the crypto market

March 16th — Defillama data shows Hyperliquid’s 24-hour revenue topped $1 million, hitting $1.27 million to temporarily claim the third spot on the crypto project revenue leaderboard. Tether leads with $16.41 million in revenue, followed by Circle at $6.87 million. Separately, HTX market data indicates Hyperliquid’s native token HYPE has surged more than 5.2% in the past 24 hours and over 26% in the last seven days.

March 16: Per HyperInsight’s monitoring, U.S. storage and optical communications stocks rose collectively in pre-market trading. Micron Technology (MU) and SanDisk (SNDK) each saw nearly 4% contract price gains on Hyperliquid, hitting $444.5 and $686.5 respectively. Two hours ago, a whale (address starting with 0xb83) opened a new 4x-leveraged long position in SNDK, with a position size of ~$1.37 million and an average entry price of $688.5. Additionally, the address linked to Continue Capital (0x3e3)—which has consistently gone long on this sector—still holds ~$15 million in positions, including an $8.3 million long in NVDA and $6.7 million long in MU, with total unrealized profits of $547,000.

March 16th — U.S. pre-market cryptocurrency-related stocks posted notable gains, per Bitget market data: ? MSTR: +2.85% ? COIN: +2.40% ? HOOD: +1.92% ? ABTC: +4.81% ? SBET: +5.58% ? BMNR: +7.11% ? CRCL: +2.63%

March 16 The Australian Senate Standing Committee on Economics has recommended passing the **Corporations Amendment (Digital Assets Framework) Bill 2025**, which would require crypto exchanges to secure a financial license and be integrated into the existing financial regulatory framework. In its report, the committee noted the bill would substantially strengthen Australia’s digital asset industry regulatory framework, offer stronger consumer protections, aim to stay tech-neutral in rulemaking, and align with global regulatory frameworks. Under the bill, firms running digital asset trading platforms or tokenization custody services will be classified as financial service providers and must apply for an Australian Financial Services License (AFSL). Regulation will target intermediaries that hold user assets or facilitate transaction matching—not the blockchain technology itself. The bill will also legally define key terms like "digital tokens" and set rules for asset custody,

On March 16, South Korea’s Hana Financial Group—a major financial conglomerate—signed a Memorandum of Understanding (MOU) with Standard Chartered Group. The pair will partner on digital asset initiatives, including joint digital finance projects like stablecoins. Multiple South Korean media outlets report the pair aims to tap their global networks and fintech capabilities to explore new growth avenues bridging traditional and digital finance. Hana Financial Group Chairman Ham Young-joo noted the collaboration will carve out new growth opportunities in digital assets and the future of finance. Both firms have ramped up digital asset efforts in recent years. In 2023, Hana Bank partnered with crypto custody firm BitGo to build cryptocurrency custody services. In 2024, they co-founded BitGo Korea with SK Telecom, with Hana Group holding a 25% stake. Financial data shows Hana Financial Group posted a record net profit of over 40 trillion South Korean won (roughly $26.7 billion) in

**March 16th** — The Fujairah Port, a key energy hub in the United Arab Emirates (UAE), was targeted in another attack on Monday, forcing a suspension of oil loading operations and pushing international oil prices above $100 per barrel. Sources say the port is assessing damage from the latest strike and has implemented precautionary measures to halt loading. This marks the second shutdown at the facility in three days: a drone attack on Saturday sparked a fire, followed by a brief resumption of operations over the weekend. Fujairah Port is a critical crude oil and fuel export hub for the UAE — the country’s only oil export route that bypasses the Strait of Hormuz, linking to the terminal of Abu Dhabi National Oil Company’s (ADNOC) main oilfield pipeline. With shipping in the strait nearly disrupted by ongoing conflicts, the port’s significance to global energy supplies has grown further. Meanwhile, tensions in the Middle East continue to escalate. Former President Donald Trump