Based: The token airdrop will be distributed to Hyperliquid wallet users on TGE day

March 20 — Iran’s Supreme Leader Ayatollah Ali Khamenei has released a written message ahead of Nowruz, the Iranian New Year holiday, which falls on March 21. Khamenei noted Iran faced multiple “military and security conflicts” over the past year, resulting in casualties among both military commanders and civilians. He accused Israel of carrying out attacks on Iran with U.S. backing, adding those actions failed to achieve their intended goals. On the domestic front, Khamenei said external forces tried to undermine Iran’s social stability via economic pressure and propaganda—but the Iranian people’s mobilization capacity and social cohesion effectively blocked these efforts. Economically, he stressed the need to boost national resilience through a “resistance economy,” improved living standards, and infrastructure development. Diplomatically, Khamenei stated Iran will continue prioritizing ties with neighboring countries and called on regional nations including Pakistan and

On March 20, Trump said Iran no longer has a leader to talk to—and no one wants to be Iran’s leader anymore.

March 20: - **Market Moves Tied to U.S. Middle East Deployment** Bitget data shows spot gold dropped to $4,550/oz (down 2.19% intraday) and spot silver plummeted 6.00% intraday to $68.45/oz following reports of the U.S. deploying additional troops to the Middle East. The U.S. Dollar Index (DXY) rose over 0.5% intraday to 99.76. - **U.S. Stocks & Fed Rate Bets** The S&P 500 extended losses to 1%, while the Nasdaq fell 1.36%. Short-term interest rate futures indicate markets expect the Federal Reserve may hike rates in December. - **Crypto Update** HTX market data shows Bitcoin fell below $70,000, last trading at $69,761.56. - **Earlier Developments** The U.S. is currently deploying three warships to the Middle East and sending thousands of Marines to the region.

March 20 — Per LookOnChain monitoring, Twenty One Capital transferred 392.19 BTC (valued at $27.67M) to Bitfinex following two months of inactivity.

On March 20, Onchain Lens data shows an anonymous crypto whale has again purchased 3,618 ETH using 7.7 million USDT. The whale currently holds 107,007 ETH (valued at ~$2.29 billion) and 23 million USDT, indicating further ETH buys may be imminent.

March 20th, U.S. Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert said in a post on X that the agency has released a Frequently Asked Questions (FAQ) on crypto assets and blockchain-related activities, further clarifying compliance guidance for registered firms and trading entities. The FAQ covers topics including tokenized collateral and digital assets used as margin, among others. It supplements two prior staff letters—one on tokenization custody guidance and another on digital asset margin no-action guidance—providing market participants with a clearer operational framework. Tarbert added that as “Project Crypto” evolves into a collaborative initiative, aligning with the U.S. Securities and Exchange Commission (SEC) is a key step to advancing clarity and harmonization in crypto regulatory rules.