Pre-market Crypto Stock Soars in US Stock Market, BMNR Up by 7.11%

On March 16, Centrifuge (CFG) rallied more than 55% in the short term—likely fueled by news that Binance would list the token with its Seed Label—pushing its market capitalization to $111 million.

March 16 — Per OnchainLens data, a whale with address 0x218 deposited 2 million USDC into HyperLiquid over the past 10 hours to avoid liquidation on its 10x-leveraged ETH short position. The position totals 15,217 ETH (roughly $34 million in value) and currently has an unrealized loss of $3.288 million. However, the whale still holds accumulated profits of over $8.5 million overall.

Per an official announcement on March 16, Binance will list Centrifuge (CFG) and assign a "Seed round" tag.

March 16 — Per data from Coinbob Popular Address Monitoring, silver prices on Hyperliquid plummeted to $77.1 ahead of the U.S. stock market open. The whale address “Silver Iron Head Air Force” (0x61ce) saw its unrealized profits on a silver short position climb to $310,000 (a 90% gain). The short was opened on March 14, with the whale holding a 20x-leveraged silver short at an average entry price of $80.76, a position size of $6.9 million, and a liquidation price of $136. Previously, this whale was among the largest on-chain silver shorts with a $35 million position. It was forced to close that position during silver’s sharp rally in January and now holds an equivalent-sized long position in BTC.

March 16th — Per OnchainLens monitoring, a whale address has again withdrawn assets from Binance, including: - 1,140 BNB (≈ $770,800) - 12,883 AAVE (≈ $1.53 million) - 545 ETH (≈ $1.23 million) - 62,898 LINK (≈ $604,600) The whale’s current holdings are as follows: - 23,683 AAVE (≈ $2.82 million) - 1,005 ETH (≈ $2.26 million) - 51,190 HYPE (≈ $2.01 million) - 2,090 BNB (≈ $2.01 million) - 115,889 LINK (≈ $1.11 million) - 7.85 million ENA (≈ $918,300) Address: 0xbfa7b56529bfc010ea4d0b98280e18d4cc5b45d0

**March 16 – Per HyperInsight monitoring, a whale wallet (starting with 0x133) opened a EUR/USDC long position on March 12 with 34x leverage, totaling ~$1.04M in position size. The average entry price was $1.148, and the position now faces ~10% unrealized loss.** From a macro standpoint, the long bet may stem from two key signals: U.S. February non-farm payrolls dropped by ~92k, while the unemployment rate ticked up slightly to 4.4% – pointing to a cooling labor market. Meanwhile, February CPI rose ~2.4% year-over-year, leading some to believe inflation has not rebounded. However, escalating U.S.-Iran geopolitical tensions have significantly slowed the Fed’s pace of rate cuts. The whale’s heavy investment now likely reflects a bet on marginal easing or de-escalation of the conflict. Markets are now turning their focus to the Fed’s interest rate decision, due early March 19.