The U.S. Treasury Department will conduct its largest-ever buyback today, totaling $15 billion

Reuters reported on March 17 that Vietnam plans to launch a licensed cryptocurrency centralized exchange (CEX) pilot program as early as this month—aiming to curb domestic users’ trading on foreign platforms and tighten capital flow oversight. A March 12 document from Vietnam’s Ministry of Finance reveals five firms have passed initial qualification reviews: affiliates of three private banks (Techcombank, VPBank, LPBank), securities brokerage VIX Securities, and major private conglomerate Sun Group. The 5-year pilot will cap licensed exchanges at five, with strict entry rules: a minimum registered capital of 100 trillion Vietnamese dong (≈$3.79 billion) and a 49% foreign ownership limit. The ministry is drafting regulations to ban Vietnamese citizens from offshore crypto trading; violators face a maximum fine of 1 billion dong (≈$3,800). Analysts note the ban could force over 17 million Vietnamese crypto holders to exit overseas CEXs like Binance and Bybit. Enforcement will

**March 17 — According to South Korean outlet *The Korea Economic Daily*, Bitmax — a KOSDAQ-listed firm and Bitcoin custody provider in South Korea — transferred roughly 550 BTC from its wallet to centralized crypto exchanges (CEXs) including OKX, Bitget, Binance, and Bybit. On-chain data shows the transfers began on January 15 and wrapped up on February 5.** **Bitmax noted the move was only to custody addresses and that it still holds all the bitcoins, but did not specify the exact reason for the transfer. If the relevant BTC was sold, it would indicate the company liquidated its Bitcoin holdings without disclosing the action.**

March 17: Per data from HyperInsight Monitoring, London Metal Exchange (LME) copper inventories jumped by 18,775 metric tons, notching a new 2019-high—sharply mounting supply pressures that weighed on copper prices. Following this development, the COPPER (Copper Futures Index Contract) on Hyperliquid briefly dropped more than 1.4%, last trading at $5.76. Long positions bore the brunt of the move: the largest COPPER long position on Hyperliquid (address 0x877) saw its floating loss widen to 41%. The position holds an approximate size of $4.02 million, with an average entry price of $5.998 and a liquidation price of $5.313.

Bitcoin analyst Willy Woo tweeted on March 17 that Bitcoin’s short-term on-chain inflows are strong, potentially pushing the price to test $85,000 based on short-term holder cost metrics. However, he noted a futures-led rally is vulnerable to cascading liquidations. Woo also warned the latest rebound is a bull trap, as the bear market’s bottom structure has yet to form. Per liquidity indicators, Bitcoin is only one-third through its current bear market cycle.

WEEX announced on March 17 that its **WE-Launch event** is undergoing a major upgrade. Here’s the breakdown for U.S. users: ### **WE-Launch Core Participation** Deposit **at least 300 WXT** or **1 SOL** → Join to split a **120 SOL prize pool**. *Note: Deposited WXT/SOL has no lock-up and won’t be consumed.* ### **Contract Mining Perks (Ongoing 4th Phase)** Trade contracts → Earn **real-time WXT fee rebates** (up to 40% rebate rate). *Rebated WXT can be used for WE-Launch to claim **double rewards**.* ### **Extra WXT Purchase Rewards** - **1x Net Buy ≥1,000 WXT**: Split a **1,000 USDT prize pool**. - **3 Straight Days of Net Buy ≥1,000 WXT**: Earn an **extra 2,000 USDT split**. ### **Event Timeline (Two Phases, Same Rules)** 1. **Phase 1**: March 17 12:00 – March 22 11:59:59 (UTC+8) 2. **Phase 2**: March 17 12:00 – March 27 11:59:59 (UTC+8) ### **Total Prize Pool** 240 SOL + 4,000 USDT *All times are in UTC+8.*

On March 17, per Onchain Lens monitoring, the Bhutanese government transferred 20.5 BTC (valued at $1.52 million) to QCP Capital and 1.02 BTC (worth $75,900) to a new wallet, with potential additional transfers in the pipeline.