Blockchain data shows 115,940,000 PYUSD worth 115,972,636 USD was transferred from Paxos to an unknown wallet. The transaction indicates a large stablecoin movement on chain, with the receiving address not publicly identified.

Compiled by Jerry, ChainCatcher Crypto spot ETF flows (last week) U.S. spot Bitcoin ETFs: $296 million net outflow U.S.-listed spot Bitcoin ETFs posted net outflows totaling $296 million over three consecutive sessions, with assets under management at $84.77 billion. Six funds recorded net redemptions, led by BlackRock's iShares Bitcoin Trust (IBIT) with $158 million in net outflows. Source: Farside Investors U.S. spot Ethereum ETFs: $206 million net outflow U.S. spot Ether ETFs saw net outflows of $206 million across five consecutive sessions, with assets under management at $11.32 billion. BlackRock's ETHA accounted for the largest weekly redemption at $285 million. Five spot Ether ETFs finished the week in net outflow. Source: Farside Investors Hong Kong spot ETFs Hong Kong spot Bitcoin ETFs recorded a net inflow of 34.28 BTC, with total net asset value at $271 million. Harvest's Bitcoin holdings fell to 211.52 BTC, while China Asset Management's holdings rose to 2,570 BTC. Hong Kong spot Ether ETFs reported a net outflow of 1,210 ETH, with net asset value at $66.05 million. Source: SoSoValue Crypto spot ETF options (U.S.) As of March 27, total notional volume in U.S. spot Bitcoin ETF options was $885 million, with a notional long-to-short ratio of 1.52. As of March 26, notional open interest stood at $19.64 billion, with a net long-to-short ratio of 1.48. Short-term activity has cooled, while overall sentiment remains bullish. Implied volatility was 54.66%. Source: SoSoValue ETF/ETP news highlights - 21Shares to distribute staking rewards to ETH and SOL ETF investors. The issuer said it will pay $0.01253 per share to holders of its Ethereum fund TETH and $0.016962 per share to holders of its Solana fund TSOL. - Morgan Stanley seeks to price a spot Bitcoin ETF at 0.14%. An amended SEC filing shows a proposed fee of 14 bps, which would be the lowest in the market if approved. Current fees typically run 15–25 bps; the Grayscale Bitcoin Mini Trust ETF charges 0.15%, while larger funds such as BlackRock's IBIT are at 25 bps. - Hashdex broadens its crypto index ETF to seven assets. In its first annual SEC 10-K, Hashdex said the Nasdaq CME Crypto Index ETF (NCIQ) added ADA and LINK to BTC, ETH, XRP, SOL and XLM. - Franklin Templeton partners with Ondo Finance on tokenized ETFs for 24/7 trading in crypto wallets. The product set spans U.S. equities, fixed income and gold, launching first in Europe, Asia-Pacific, the Middle East and Latin America. A U.S. launch awaits greater regulatory clarity on on-chain fund registration. - Bloomberg: Morgan Stanley is set to become the first major U.S. bank to issue and sponsor a Bitcoin ETF. - CoinShares files for a Bitcoin Volatility ETF with ticker CBIX. - Grayscale files an S-1 for the Grayscale HYPE ETF (GHYP). The fund is designed to track the spot price of Hyperliquid (HYPE), list on Nasdaq, and use Coinbase Custody. The filing says staking is not currently available, while leaving room to add it later under certain conditions. Commentary and analysis - Bloomberg ETF analyst James Seyffart: BTC ETFs have recouped about $3 billion since the "1011 crash." He said Bitcoin ETFs previously saw roughly $9 billion in outflows and have since clawed back about $3 billion. Net outflows still exceed $6 billion, but year-to-date flows are close to flat. - Cointelegraph: Goldman Sachs' ~$152 million XRP ETF position hasn't lifted prices; downside risk remains. Disclosures indicate Goldman holds four XRP ETF products: Bitwise XRP ETF (~$39.8 million), Franklin XRP Trust (~$38.5 million), Grayscale XRP ETF (~$38 million) and 21Shares XRP ETF (~$35.9 million). The combined position represents about 73% of holdings among the top 30 institutional investors. Analysts cite cautious sentiment and a bearish-flag breakdown pattern, pointing to potential downside of about 50%, even as institutional allocations suggest longer-term confidence. - CryptoQuant (Darkfost): BTC ETF flows have improved and selling pressure has eased. ETF balances remain negative by about 4,000 BTC but have rebounded materially from a low near 42,000 BTC. Over the past month, net inflows totaled about 38,000 BTC (about $2.6 billion). The durability of this demand rebound will be key to sustaining momentum. - Bloomberg's Eric Balchunas: Morgan Stanley's Bitcoin ETF ($MSBT) has received official listing approval from the NYSE, a step that often signals an imminent launch. - 21Shares CEO Duncan Moir: actively managed crypto ETPs are the next frontier. He cited Morningstar and Goldman Sachs Asset Management data showing global actively managed ETF AUM nearing $1.8 trillion by end-2025. Moir said crypto is well-suited to active management and noted product development could accelerate following FalconX's acquisition of 21Shares in October. He added that European demand remains strong and pointed to a recently launched Europe-listed product linked to Strategy's preferred shares (STRC). The report also flagged staking as a key product trend, noting Grayscale added staking to an ETP in October and BlackRock launched a Nasdaq-listed Ethereum product with staking in March, posting $15.5 million in first-day volume. Wintermute weekly market note Wintermute said Trump announced a five-day pause on strikes against Iran's energy infrastructure, easing geopolitical risk premia. BTC rebounded from $68,000 to above $70,000 as Brent crude fell sharply. The Fed held rates at 3.50%–3.75%; the dot plot showed 14 of 19 officials expect zero or one cut in 2026, and markets have fully priced out any cuts before autumn. BTC fell about 3.4% on the week, with a $708 million single-day ETF outflow tied to the FOMC meeting—the largest in nearly two months. Gold posted its worst weekly performance since 1983, down more than 10%. ETH held up better, with spot Ether ETFs logging a weekly net inflow of $160.8 million, a record. Wintermute said BTC could test resistance at $74,000–$76,000, with an upside scenario toward $80,000 if Strait of Hormuz flows normalize and talks progress. If negotiations fail and transport constraints persist, BTC may retest mid-$60,000 support.

ChainCatcher reports that on-chain data shows the Hyperliquid team wallet unstaked 333,000 HYPE tokens around 11 hours ago, valued at roughly $13 million. HYPE was last trading at $37.56, down 5.14% in the past 24 hours. Hyperliquid previously said 333,000 tokens from Hyperliquid Labs would be unstaked on March 29 and distributed to team members on April 6.

A wave of token unlocks is lined up over the coming days, with notable releases across SUI, OP, ENA and several other projects. REZ is set to unlock about 425 million tokens on March 30, worth roughly $1.4 million, equal to 6.08% of circulating supply. KMNO will release about 229 million tokens on March 30, valued near $3.89 million (3.37%). GUN is scheduled to unlock about 436 million tokens over the next seven days, estimated at $6.97 million, representing 26.58% of the circulating supply. OP will unlock about 31.2745 million tokens on March 31, worth around $3.19 million (1.55%). SUI plans to unlock about 42.94 million tokens on April 1, valued at approximately $38.32 million (1.16%). ZETA is slated to unlock about 44.26 million tokens over the next seven days, worth around $2.13 million (3.45%). EIGEN will unlock about 36.82 million tokens on April 1, valued near $6.23 million (7.54%). ENA is expected to unlock about 40.63 million tokens on April 2, worth roughly $3.64 million (0.52%). OPN will unlock about 32.09 million tokens on April 5, valued at around $64.

Walmart's OnePay has expanded its cryptocurrency offering with the addition of several new tokens, including SUI, Polygon and Arbitrum, Odaily Planet Daily reported. The platform had previously introduced assets such as Solana, Cardano, Bitcoin Cash and PAX Gold, taking the total number of supported tokens to more than 10. OnePay rolled out crypto trading in January, initially limited to Bitcoin and Ethereum. Management said new listings are guided by user demand, liquidity and regulatory considerations, with an emphasis on long-term utility rather than short-term hype. Beyond crypto, OnePay offers services including savings products, credit cards and loans. Its digital wallet can be used for both online and in-store payments at Walmart. (Cointelegraph)

Lido DAO is considering a token repurchase plan that would deploy $20 million worth of stETH to buy back roughly 8.5% of LDO's circulating supply, citing what it describes as a "historic" price dislocation. The proposal lands as more crypto protocols reassess the effectiveness of buybacks. Reporter Yogita Khatri5 recently noted that about $1.4 billion was spent on token repurchases in 2025, with results that were mixed at best.

Cumulative DEX trading volume has surpassed $12.5T, marking the first time the total has moved above this level.

Lido DAO has put forward a proposal for a one-time buyback of LDO worth $20 million, as the token trades close to its all-time low.

Lido DAO has approved a $60 million operating budget for 2026 and laid out a strategy to expand beyond liquid staking into yield vaults, institutional wrappers, and what it describes as "realbusiness DeFi". The roadmap, set out in the GOOSE3 governance proposal published Nov. 24, 2025, outlines four priorities: broadening stETH adoption, upgrading protocol infrastructure, scaling new revenue through Lido Earn, and building products that link off-chain corporate finance activity with on-chain liquidity. Lido remains Ethereum's largest liquid staking provider, holding about 28–30% of all staked ETH. Total value locked has ranged from roughly $18 billion to $40 billion depending on market conditions. With more validators joining the network, staking yields have compressed, with base APRs now around 3–5%, down from higher levels in prior cycles. Lido governance cited that compression as a key driver for diversifying revenue. Lido V3, including the stVaults product, went live on Ethereum mainnet on Jan. 30, 2026. The upgrade shifts Lido from a single-product staking model to a modular setup that allows institutional operators to tailor vaults to specific custody, compliance, or yield needs. Two Lido Earn products—EarnETH and EarnUSD—are also live. The offerings use structured strategies with daily compounding and are aimed at both retail DeFi users and stablecoin holders seeking returns above base staking rates. For 2026, the $60 million budget allocates $43.8 million to core operations and growth, with $16.2 million set aside as discretionary funding for high-impact initiatives such as liquidity incentives and institutional product development. On infrastructure, the protocol plans to deliver Curated Module v2, Staking Router v3, and ValMart, a validator routing system designed to optimize performance, cost, and decentralization at the same time. Lido currently works with more than 683 unique node operators. Institutional distribution is being pursued in parallel. VanEck filed an S-1 with the U.S. SEC on Oct. 20, 2025, for a Lido Staked ETH exchange-traded fund (ETF), the first U.S. ETF proposal to reference stETH directly. The filing remained pending as of March 2026. In Europe, WisdomTree launched a Physical Lido Staked Ether ETP in December 2025. The product is 100% backed by stETH, listed on Xetra, SIX, and Euronext, and began with assets under management between $36 million and $50 million. Lido's participation in the Crypto Council for Innovation and the Proof of Stake Alliance has supported both initiatives. GOOSE3 calls for additional ETF and ETP partnerships to package stETH and stVaults for traditional capital markets. The proposal's three-year vision positions staking as a steady core revenue line while Lido builds products for corporate treasury management, borrowing, and tokenized assets. Key 2026 KPIs include stVaults TVL, the revenue contribution from Lido Earn, ETF and ETP approvals, and early traction from "realbusiness" pilots. FAQ What is Lido's GOOSE3 proposal? A governance plan detailing Lido DAO's 2026 strategy to expand beyond liquid staking into yield products and institutional DeFi infrastructure. What is the Lido DAO 2026 budget? $60 million, split between $43.8 million in baseline spending and $16.2 million in discretionary funds. Is there a Lido stETH ETF in the United States? VanEck filed an S-1 for a Lido Staked ETH ETF with the SEC on Oct. 20, 2025; the application remained under review as of March 2026. What is Lido Earn? A suite of structured yield products—including EarnETH and EarnUSD—designed to generate returns above base staking rates through daily compounding strategies.