While countries are still discussing the regulatory boundaries of stablecoins, South Korea has taken the issue a step further.

The ADP weekly employment report reveals that private sector employers added an average of 26,000 jobs per week over the four weeks ending March 21, 2026. According to Odaily, this data highlights ongoing employment trends in the private sector.

U.S. Vice President Vance has expressed optimism regarding the conclusion of the conflict with Iran, stating that the military objectives have been achieved. According to Odaily, Vance emphasized the importance of Iran's actions moving forward, expressing hope for wise decisions from the Iranian side. Additionally, The Wall Street Journal has reported that the United States conducted airstrikes on over 50 military targets on Kharg Island.

U.S. Vice President Vance has reiterated the deadline for Iran to reopen the Strait of Hormuz by Tuesday at 8 p.m. Eastern Time, stating that the recent actions on Kharg Island do not signify a strategic shift. According to Odaily, two U.S. officials reported that prior to the deadline set by U.S. President Donald Trump, the United States conducted strikes on military targets on Kharg Island earlier on Tuesday. One official noted that over 50 targets were hit on the island. The strikes, carried out early Tuesday Eastern Time, did not target oil infrastructure. President Trump has set Tuesday evening as the deadline for Iran to reopen the Strait of Hormuz, warning of potential devastating impacts on energy infrastructure if the deadline is not met.

US Vice President Vance reiterated that the deadline for Iran was 8 p.m. Eastern Time on Tuesday, and stated that Kharg Island did not signify a strategic shift. This followed a strike on military targets on Kharg Island earlier Tuesday (local time) by two US officials, who stated that the US struck more than 50 targets on the island ahead of Trump's deadline for Iran to reopen the Strait of Hormuz. Officials said the strike took place early Tuesday morning Eastern Time and did not target oil infrastructure. Trump had set Tuesday evening (Eastern Time) as the deadline for Iran to reopen the Strait of Hormuz, otherwise it risked a devastating blow to its energy infrastructure. (Jinshi)

Key TakeawaysCrypto ETPs recorded $224 million inflows last week, rebounding from prior $414M outflows.XRP led with $120M inflows, over half of total.Bitcoin ETPs added $107M, but U.S. ETFs remain weak year-to-date.Ethereum saw $53M outflows, extending negative trend amid regulatory uncertainty.Crypto Investment Products See Modest Inflow RecoveryGlobal cryptocurrency exchange-traded products (ETPs) posted $224 million in net inflows last week, signaling a partial recovery in investor sentiment after the previous week’s $414 million outflows.According to CoinShares, total assets under management rose to approximately $131.8 billion, broadly in line with levels seen a year ago.Year-to-date inflows now stand at around $1.2 billion, slightly ahead of the same period in 2025.XRP Leads Inflows as Bitcoin FollowsXRP was the standout performer, attracting $120 million in inflows, marking its strongest weekly demand since December 2025.Bitcoin followed with $107 million in inflows, pushing its year-to-date total above $1 billion. However, only about $22 million came from U.S. spot Bitcoin ETFs, which remain in negative territory for the year.Solana also recorded modest inflows of $35 million, reflecting steady demand.Ethereum Continues to LagEthereum investment products posted $53 million in outflows, extending a negative trend after $222 million in outflows the previous week.Year-to-date, Ethereum ETPs have now recorded approximately $327 million in net outflows, underperforming other major assets.The weakness has been partly linked to uncertainty around U.S. crypto regulation, including developments tied to the CLARITY Act, which could impact stablecoin dynamics within the Ethereum ecosystem.Regional Flows Led by EuropeGeographically, inflows were concentrated in Europe:Switzerland: $157 millionGermany: $28 millionUnited States: $28 millionCanada: $11 millionThe relatively muted U.S. flows highlight ongoing caution among American institutional investors.Fragile Recovery Amid Macro UncertaintyWhile last week’s inflows suggest a short-term rebound, sentiment remains fragile.Late-week macro data and shifting policy expectations reversed some early optimism, reinforcing a mixed outlook for crypto investment products.Key factors to watch include:Continuation of inflows vs renewed outflowsU.S. regulatory developmentsFederal Reserve policy expectationsGeopolitical risksFor now, the data points to a tentative recovery, with capital selectively rotating into assets like XRP while broader conviction remains limited.

Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform that U.S. baby boomer investors quietly poured approximately $500 million into Bitcoin spot ETFs yesterday amid a pressured market environment and a series of negative macroeconomic factors. This inflow has, to some extent, filled the funding gap since the beginning of the year. However, data shows that the overall net inflow into Bitcoin ETFs so far this year is still slightly negative, indicating that the market as a whole remains in a wait-and-see mode. This recent round of inflows demonstrates the long-term allocation interest of some traditional capital in Bitcoin ETFs.

US Vice President Vance, speaking about Iran, stated that the war would soon end, that Iran's military objectives had been achieved, and that it was now up to Iran to act, hoping it would be wise. Separately, the Wall Street Journal reported that the US conducted airstrikes on more than 50 military targets on Halg Island. (Jinshi)

ADP's weekly employment report shows that in the four weeks ending March 21, 2026, private sector employers added an average of 26,000 jobs per week. (Jinshi)

Key TakeawaysWintermute says markets are fully driven by Iran conflict headlines.Bitcoin rose ~2%, holding above $67,000 support amid extreme fear sentiment (index at 9).U.S. 10-year yields climbed to 4.36%, with zero probability of near-term Fed cuts.ETF inflows ($1.32B in March) and institutional buying support prices, but whale selling is rising.Geopolitical Headlines Dominate Market DirectionGlobal markets remain highly sensitive to developments in the Iran conflict, according to Wintermute.Last week saw sharp swings across assets:Ceasefire signals pushed equities higher and oil lowerRenewed escalation rhetoric sent oil above $111 and pressured risk assetsOngoing uncertainty around the Strait of Hormuz continues to drive volatilityMarkets are increasingly reacting to alternating signals of escalation and de-escalation, creating a headline-driven environment.Bitcoin Shows Resilience but Lacks MomentumBitcoin rose approximately 2% over the week, narrowly holding above the $67,000 support level.Despite the stability, sentiment remains deeply negative, with the Crypto Fear & Greed Index at 9 (extreme fear)—one of the lowest readings since the conflict began.This divergence highlights a market where price is stable, but confidence remains weak.Macro Pressure Builds as Yields RiseThe macro backdrop continues to tighten.U.S. 10-year Treasury yields have climbed to 4.36%, up 40 basis points since the conflict began, while swap markets are pricing no chance of a Fed rate cut at the upcoming April meeting.Upcoming PCE inflation data is expected to be a key catalyst, particularly as rising oil prices risk feeding into broader inflation metrics.Institutional Demand Supports, But Selling Pressure EmergesInstitutional flows remain a key support pillar:Bitcoin ETFs saw $1.32 billion inflows in MarchStrategy added 44,000 BTCMorgan Stanley received approval for a spot ETF with a 14bps feeHowever, signs of weakening demand are emerging:Crypto funds saw $414 million outflows late MarchExchange whale ratio surged from 0.34 to 0.79, indicating increased large-holder sellingOTC flows shifted from net buying to neutral or sellingEthereum Outperforms, Solana Hit by HackEthereum gained 4.2%, supported by its staking yield, which is becoming more attractive in a “higher-for-longer” rate environment.In contrast, Solana fell below $80 following a $285 million exploit on the Drift protocol, marking one of the largest hacks in its ecosystem.Key Iran Deadline Could Drive Next MoveMarkets are now focused on the upcoming deadline tied to the Strait of Hormuz.A proposed 45-day ceasefire framework represents the most concrete de-escalation effort so far. However, Wintermute warns that structural damage to energy infrastructure means supply disruptions may persist even in a ceasefire scenario.If escalation resumes, particularly following threats from Donald Trump, oil prices could spike again, reinforcing inflation pressures and weighing on risk assets.Stable Prices, Fragile StructureBitcoin’s ability to hold above $67,000 reflects strong institutional support, but underlying conditions remain fragile.With rising yields, geopolitical uncertainty, and increasing whale distribution, the market remains highly sensitive to macro catalysts.The next directional move will likely depend on:Iran conflict developmentsOil price trajectoryFed inflation dataSustainability of institutional inflowsFor now, the crypto market remains range-bound, event-driven, and vulnerable to sudden shifts in sentiment.

Nasdaq-listed Ethereum treasury company Bit Digital released its monthly report, disclosing that it held approximately 155,444.4 ETH as of March 31, 2026, with a market value of approximately $327 million based on a price of $2,104. Furthermore, Bit Digital stated that its ETH staking decreased to 96,322 ETH in March, representing approximately 62% of its total holdings, a move aimed at seeking other yield opportunities and capital allocation plans. (PRNewswire)

Over the past week, the crypto community has been repeatedly struck by the same signal: the quantum hardware barrier to crack Bitcoin has just experienced a precipitous drop.

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