Two explosions have been reported at a base of Iran's Revolutionary Guards in Bushehr, according to Iranian media. The cause and impact of the explosions remain unclear at this time. Further details are awaited as authorities investigate the incident.

A vessel, seemingly assuming the identity of a decommissioned gas carrier, has recently navigated through the Strait of Hormuz. Bloomberg posted on X, highlighting the evolving tactics employed to traverse this critical waterway as the conflict in the Middle East intensifies. The incident underscores the complexities and challenges faced by maritime operations in the region, where geopolitical tensions continue to influence shipping routes and strategies.

Bitcoin fell nearly 5% this week due to the impact of the US-Israel-Iran war, with the S&P 500, Dow Jones, Nasdaq, and gold all declining, while crude oil rose 7.3%, a 53% increase since the war began on February 28. A Kobeissi Letter report stated that the S&P 500 ETF and Nasdaq 100 ETF saw a combined outflow of $64 billion over the past three months, a record high, representing approximately 5% of total assets under management. The spot Bitcoin ETF also recorded a net outflow of $253 million in the past two days. Glassnode data shows that the market struggled to absorb selling pressure, with net profit-taking in Bitcoin accelerating to approximately $17 million per hour at one point, but subsequently losing momentum, and the price fell back below $70,000. Analysts point out that geopolitical uncertainty has compressed market demand depth, making even a medium-sized sell-off difficult to absorb. Historical experience shows that Bitcoin's price action is repeating itself, similar to that during the Russia-Ukraine war: an initial sell-off followed by a short-term rebound, but then continued downward pressure. Analysts believe that rising energy costs, tight liquidity, and continued pressure from forced selling will make Bitcoin's recovery take longer. Finish predicts that Bitcoin may bottom out around $55,000 before gradually rebounding, but the market remains cautious until the conflict with Iran subsides. (Cointelegraph)

A Greek bulk carrier, identified as the 'Giacometti,' has reportedly entered the Persian Gulf via the Strait of Hormuz with its Automatic Identification System (AIS) active, marking the first such occurrence since March 2. According to Jin10, the vessel, flying the Liberian flag, is owned by a Greek bulk shipping company. The AIS data indicates that the ship is transporting food cargo destined for Iran. On March 20, local time, the ship navigated around Larak Island, following a route similar to the 'safe corridor' delineated by Iran's Islamic Revolutionary Guard Corps.

US spot Bitcoin ETFs recorded a net outflow of $52.1092 million on March 20, extending the streak to three consecutive days. According to NS3.AI, US spot Ethereum ETFs also experienced a third straight day of net outflows, amounting to $41.9715 million.

Crypto analyst Murphy published an article on the X platform reviewing the market dynamics of the past week, revealing unusual Bitcoin fund flows: On March 11th and 13th, when BTC rebounded to $70,000–$71,000, a group of whale addresses (each holding over 1,000 BTC) sold 24,867 and 17,818 BTC respectively. The shares sold on March 11th had an average loss of 50% compared to cost, while the shares sold on March 13th had a loss of less than 10%. Analysis shows that these shares originated from purchases made at low prices in May–July 2025 and early April, with some exiting after significant losses and others being rotated out after precise bottom-fishing. Strategy bought another 22,337 BTC on March 17th, absorbing most of the excess supply. Nevertheless, this event reflects that market sentiment remains extremely fragile, and the patience of investors who have held BTC for nearly a year is gradually wearing thin. Future price rebounds may still trigger pressure from those holding losing positions.

A member of the Polymarket team has hinted at a significant announcement scheduled for next Monday. According to NS3.AI, this follows earlier reports suggesting that the platform was considering a financing round with a valuation of approximately $20 billion. Community members have speculated that the upcoming news could relate to either financing developments or a potential token launch.

Bitdeer, a Nasdaq-listed Bitcoin mining company, released its latest Bitcoin holdings data on the X platform. It still maintains zero Bitcoin holdings. As of the week ending March 20, its Bitcoin mining output was 126.3 BTC, but it sold 126.3 BTC during the same period.

Blockchain sleuth ZachXBT posted on X about a recent controversy involving a social media influencer who launched a meme coin despite warnings from the crypto community. Initially, the influencer began promoting meme coins, which led to widespread advice from the crypto community against launching a token. However, she proceeded with the launch, resulting in significant financial losses for her followers. Following the backlash, she blamed her partners for the situation and subsequently vanished from social media, leaving her followers without recourse. The incident has sparked discussions about accountability and the risks associated with meme coin investments.

According to SoSoValue data, Ethereum spot ETFs saw a total net outflow of $41.9715 million yesterday (March 20th, Eastern Time). The Ethereum spot ETF with the largest single-day net inflow was the BlackRock Stalled ETH ETF (ETHB), with a net inflow of $5.4658 million. ETHB's historical total net inflow has reached $160 million. The Ethereum spot ETF with the largest single-day net outflow was the BlackRock ETF (ETHA), with a net outflow of $31.4508 million. ETHA's historical total net inflow has reached $11.912 billion. As of press time, the total net asset value of Ethereum spot ETFs is $12.328 billion, with an ETF net asset value ratio (market capitalization as a percentage of total Ethereum market capitalization) of 4.79%, and a historical cumulative net inflow of $11.729 billion.

The sharp drop was mainly due to the Middle East conflict pushing up oil prices and suppressing expectations of interest rate cuts, coupled with tightening dollar liquidity triggering a sell-off.

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