Erik Voorhees, founder of ShapeShift and an early Bitcoin advocate, accumulated 1,915.28 ETH valued at $4.17 million over five minutes, onchain analyst Aunt Ai reports via ChainCatcher. His newly opened ETH holdings now total $61.65 million at an average entry price of $2,112.19 per ETH, spread across 22 addresses.

ShapeShift founder Erik Voorhees purchased 1,915.28 ETH valued at $4.17 million within 5 minutes, on-chain data show. Over the past week, Voorhees accumulated 29,191.82 ETH worth $61.65 million at an average price of $2,112.19 per ETH, now held across 22 addresses.

Whitehat hacker f4lc0n said he identified a critical bug in the Injective protocol that could have allowed any user to withdraw more than $500 million in onchain assets without special permissions, ChainCatcher reports. The vulnerability effectively enabled any onchain account to be drained and was reported through Immunefi, after which the Injective team initiated a mainnet upgrade vote the next day to address the issue but remained unresponsive for three months. Injective offered a $50,000 bug bounty, which f4lc0n said falls far below the $500,000 maximum payout described for critical-level issues in the project's program and has not yet been paid. He added that he plans to donate 10% of all future vulnerability rewards to publicly draw attention to the case until Injective issues the standard reward.

Whitehat hacker f4lc0n said a "critical" vulnerability he reported in the Injective protocol on March 16 could have enabled direct extraction of more than $500 million in onchain assets, BlockBeats reports. He stated the flaw allowed any user, without special permissions, to drain any onchain account and that after he submitted the report via Immunefi, the Injective team launched a mainnet upgrade vote the next day to patch the issue before going offline for three months. f4lc0n said the project offered a $50,000 bug bounty instead of the advertised $5 million maximum for that severity, the $50,000 has not been paid, and announced 10% of his future vulnerability bounty income will be used to publicly highlight the dispute until Injective issues what he views as the standard payout.

Aave published a report on an incident in which a user attempted to swap approximately $50.43 million in aEthUSDT for aEthAAVE through the CoW Swap router integrated in Aave's interface, where the order size exceeded available liquidity and CoW Swap displayed a price impact of up to 99.9%. The interface showed a warning and required the user to check a box stating "I understand I may lose 100% of my value," yet the user manually approved the transaction on mobile and received only about 327 aEthAAVE worth roughly $36,000, while the Aave protocol itself remained unaffected because the loss occurred at the third-party protocol level. The transaction generated around $110,000 in fees, which Aave said will be refunded to the user after identity verification, and Aave announced a forthcoming "Aave Shield" feature that will by default block trades with price impacts above 25%.

Ethereum's circulating supply has increased by roughly 1 million ETH since the Merge upgrade in 2022, ultrasoundmoney and wublockchain data show. The expansion corresponds to an annual inflation rate of approximately 0.24%, countering earlier expectations that Ether would follow a deflationary supply trajectory.

Ventuals experienced a withdrawal rush on March 16 that briefly drove its HYPE liquid staking token vHYPE down to $9 before rebounding to $31, while the underlying HYPE token trades at $37.50 and vHYPE remains at roughly an 18% discount, BlockBeats reports. Ventuals, built on Hyperliquid HIP3, stakes at least 500,000 HYPE to operate a perpetual futures subDEX and issues vHYPE in exchange for user HYPE deposits, but its treasury is now close to the 500,000 HYPE minimum, prompting user concerns and redemption pressure. CEO Alvin Hsia said this reflects the protocol's design rules rather than a bug and noted that withdrawals will be halted once the treasury nears the threshold to prevent disruption to traders in Ventuals markets. The platform is working with private LPs to expand its HYPE balance, and Ventuals and its partners plan to offer redemptions at a 0.85:1 vHYPE-to-HYPE rate via major secondary liquidity pools, setting a maximum 15% discount as an exit option for users needing immediate liquidity.

ARB, ZRO, KAITO and several other tokens will see sizable one-time unlock events this week, Token Unlocks data show, as cited by BlockBeats on March 16. ARB is scheduled to unlock tokens worth about $9.65 million (1.78% of circulating supply) on March 16, while ZK and BARD will unlock on March 17, releasing roughly $3.4 million (2.97% of supply) and $32.43 million (11.09% of supply) respectively. On March 19, YZY will unlock tokens valued near $6.8 million (4.90% of supply), BR will release about $4.15 million (68.45% of supply), and PIXEL will unlock roughly $1.05 million (3.57% of supply). LISTA and ZRO will unlock on March 20 with token values around $2.9 million (6.17% of supply) and $55.53 million (5.64% of supply), and KAITO will release approximately 18 million tokens valued near $6.3 million (5.19% of circulating supply).

Several altcoins including ARB, ZK, BARD, ZRO, YZY, BR, LISTA, PIXEL and KAITO are scheduled for notable token unlocks between March 16 and March 20, with individual events ranging from about $1.05 million to $55.53 million, token unlocks data show. ARB is set to unlock around $9.65 million in tokens on March 16, equal to 1.78% of its circulating supply, while ZK will release roughly $3.4 million on March 17, or 2.97% of supply, and BARD will unlock about $32.43 million on the same day, accounting for 11.09% of circulation. ZRO has an unlock planned for March 20 worth approximately $55.53 million, or 5.64% of its circulating supply, while YZY and BR will both unlock tokens on March 19 valued near $6.8 million and $4.15 million respectively, representing 4.90% and 68.45% of supply. LISTA and PIXEL will release around $2.9 million and $1.05 million on March 20 and March 19, equal to 6.17% and 3.57% of circulating tokens, and KAITO will unlock about 18 million tokens on March 20, valued at roughly $6.3 million and representing 5.19% of its circulating supply.