South Korean Financial Regulatory Agency: Will Expand 100 Trillion Won Market Stability Plan If Needed

Backpack officially announced its token symbol “BP” and disclosed its contract address via social media on March 18.

March 18 — Per The Block, stablecoin payment firm TransFi has closed a $19.2 million funding round, which includes a $14.2 million Series A equity raise and a $5 million committed liquidity facility. The round was led by Turing Financial Group. As an infrastructure provider for stablecoin cross-border payments focused on emerging markets, TransFi aims to act as an alternative to traditional correspondent banking and the SWIFT system. Its platform leverages stablecoins for cross-border transaction settlement, supporting global payroll, remittances, treasury fund movements, and outbound payments. To date, the company’s business spans over 70 countries, with support for 40+ fiat currencies and 100+ cryptocurrencies.

Per on-chain analyst Ai Aunty (@ai_9684xtpa) on March 18, an address withdrew 12,217 ETH from Binance between January 23 and 31, 2026, at an average price of $2,729.06 (valued at ~$33.34 million). After holding the tokens for 10 days, the address first cut its holdings by 3,203 ETH, realizing a loss of ~$2.262 million. Three hours ago, the same address recharged 4,007 ETH to Binance (worth ~$9.38 million); if sold at current prices, this would add an additional loss of ~$1.552 million. The address currently holds 5,006.7 ETH, with an unrealized (floating) loss of ~$2.048 million.

On March 18th, data from the Coinbob Top Address Monitor (https://t.me/Coinbob_track_CN) shows: Fueled by South Korea’s KOSPI index gaining 5.04% today, the iShares South Korea ETF (EWY) rose to $134.4, with after-hours trading extending its gain to 3.1%. EWY’s contract price on Hyperliquid currently sits at $139, up 6.2% over the past 24 hours. Additionally, Circle’s CRCL token saw an intraday gain of 6.4%, now trading at $134.3. The platform’s top long whale address for both EWY and CRCL (0x629) has seen total unrealized profits swell to nearly $2 million. The address accumulated long positions at lower levels on March 5th, with key holdings: - ~$6.95 million in long positions across 20x xyz:EWY and cash:EWY mapping contracts; average entry price $127; unrealized gains ~$520,000 (~170% return) - ~$8.5 million in 10x CRCL (Circle) long positions; average entry price $111.2; unrealized gains ~$1.45 million (205% return)

Tuesday, March 18 U.S. spot Bitcoin ETFs saw a net inflow of $199.4 million on Tuesday, extending their streak of positive net inflows to seven straight trading days—marking the longest such streak since October 2025. BlackRock’s IBIT led the charge with $169 million in inflows, while Fidelity’s FBTC recorded $24.4 million. Over the past seven trading days, the funds have attracted roughly $1.17 billion, putting them on track for a fourth consecutive week of net inflows. BTC Markets analyst Rachael Lucas noted that institutional confidence is rebounding, fueled by structural, long-term allocation demand—not reactive buying. On the same day, Ethereum, Solana, and XRP ETFs also posted net inflows of $138 million, $17.8 million, and $4.6 million, respectively.

On March 18, on-chain data analyst Axel released a new research report noting that Bitcoin’s market overheating has been fully eliminated, but selling pressure has not eased and no clear reversal signal has emerged. The report shows Bitcoin’s MVRV Z-Score — a metric measuring valuation overheating — has plummeted 74% from its cycle high of 2.603 in October 2025 to 0.674, far below its historical mean (1.72) and first standard deviation band (3.55). This confirms the valuation bubble has been fully cleared. The current 0.5-1.0 range signals a neutral cycle phase, where market cap only moderately exceeds realized cap. However, the 7-day moving average of aSOPR (a gauge of market participants’ profit/loss status) has stayed below 1.0 for 55 consecutive trading days, with the latest reading at 0.9926 — indicating ongoing loss-taking. Since last crossing above 1.0 on January 21, 2026, the indicator has failed to return to the profit-selling range. Axel emphasized that 1.0 is the cr