Market Update - Monday, March 30

- Bitcoin dipped to $65,000 this morning but has since recovered to $66,000. Altcoins experienced significant sell-offs before rebounding.

- Former President Trump is considering taking control of Kharg Island and claims Iran has agreed to most of the 15 demands from the U.S.

- El Salvador's strategy of acquiring one Bitcoin daily has surpassed 7,600 BTC, valued at approximately $506 million.

- Ethereum has proposed a new framework that allows Layer 2 solutions to interact directly without bridges, addressing liquidity fragmentation.

- Lido DAO has proposed a $20 million token buyback for $LDO, despite the token's lackluster performance while the protocol remains a leader in liquid staking.

- Walmart's OnePay banking app has expanded its crypto offerings from Bitcoin and Ethereum to over a dozen tokens.

Upcoming Events:

- March 31, 21:30: Fed Chair Powell will speak.

- April 1, 19:15: March ADP private employment report (forecast: 42K, previous: 63K).

- April 1, 19:30: U.S. retail sales for February.

- Retail Sales m/m (forecast: 0.3%, previous: 0.0%).

- Core Retail Sales m/m (forecast: 0.4%, previous: -0.2%).

- April 3, 19:30: March Nonfarm payroll data.

- Jobs added (forecast: 56K, previous: -92K).

- Unemployment rate (forecast: 4.4%, previous: 4.4%).

Token Unlocks:

- April 1: Sui will unlock 42.94 million $SUI (1.1% of circulating supply), valued at $36.36 million.

- April 5: Ethena will unlock 171.87 million $ENA (2.18% of circulating supply), valued at $15.42 million.

- April 6: Hyperliquid will unlock 9.92 million $HYPE (2.66% of circulating supply), valued at $375.84 million.