Your Daily Crypto - 16th March

By 0xjenka.base.eth | Your Daily Crypto | 16 Mar 2026


Today’s Top Caps (Excludes Stablecoins)

BTC $74K (+3.6%)

ETH $2347 (+10.4%)

BNB $678 (+2.2%)

XRP $1.52 (+7.8%)

SOL $95 (+7.8%)

Source: Coinmarketcap

 

Today's Top Gainers

FET, ZEC, PEPE, DOT, FIL

Source: Coinmarketcap 24HR Top100

 

Top ETF Tracker

BTC +/-0, ETH +/-0,

SOL +/-0, XRP +/-0.

Source: Coinmarketcap / Coinglass

 

Today's Top Headlines

Another week another Exploit. A hacker manipulated $THE’s price and exploited VenusProtocol on BSC. $2.18M in bad debt was left behind.

Here’s how it happened.

The attacker received 7,400 $ETH from Tornado Cash. They then deposited the $ETH into Aave as collateral and borrowed ~$9.92M in stablecoins.

The attacker split the stablecoins across multiple wallets and began buying $THE. Then they pumped $THE’s price on CEXs. They likely opened large $THE long positions before the pump and profited as the price surged.

While $THE was trading at an inflated price, they deposited 36.1M $THE into Venus as collateral via 2 wallets and borrowed ~$5.07M in assets: 2,172 $BNB, 1.516M $CAKE, 20 $BTC.

Then the attacker dumped $THE on the CEX. Before the dump, they likely opened large short positions on the exchange. When $THE crashed, the shorts profited while the price collapse triggered cascading liquidations on Venus.

After the liquidation, the collateral could not cover the loans. Remaining bad debt: $1.18M in Cake and 1.84M in THE. Total shortfall: ~$2.18M. On-chain, the attack looks unprofitable. But the real profit likely came from longs opened before the pump and shorts opened before the dump on the CEX.

Source: Lookonchain

Crypto lender, BlockFills, has filed for Chapter 11 protection after weeks of crisis.

The filing was made by Reliz Ltd., the entity operating the firm. The case was submitted to the U.S. Bankruptcy Court in Delaware. Three related entities also entered bankruptcy proceedings. The move follows a temporary halt on client withdrawals.

Blockfills says restructuring is the “most responsible path forward.”. The firm reported assets between $50M and $100M. Estimated liabilities range from $100M to $500M.

Executives say the process will help stabilize operations.

Source: BSCNews

South Korea fines Bithumb ₩36.8B ($27M) and orders a 6-month partial business suspension over anti-money laundering violations.

Source: CryptoTimes_io

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From March 9 to March 13 (ET), Bitcoin spot ETFs recorded net inflows of $767 million, marking three consecutive weeks of net inflows.

Ethereum spot ETFs saw $161 million in net inflows, also extending their three-week inflow streak. SOL spot ETFs posted $10.7 million in net inflows, while XRP spot ETFs recorded net outflows of $28.07 million.

Source: WuBlockchain

Michael Saylor, Chairman or Strategy, announces the purchase of 22,337 more Bitcoins.

“Strategy has acquired 22,337 BTC for ~$1.57 billion at ~$70,194 per bitcoin. As of 3/15/2026, we hodl 761,068 $BTC acquired for ~$57.61 billion at ~$75,696 per bitcoin.”

Source: Saylor

Ethereum Foundation sells 5000 ETH.

This itself isn't really news as the foundation has been dumping their ETH for years to fund development. This time however, they sold the ETH via OTC to Bitmine so it didn't impact the price. This should be done for all future sales.

The Ethereum Foundation said on X “Today, the Ethereum Foundation finalized the terms of a 5,000 ETH sale at an average price of $2,042.96 via OTC. For this sale, our OTC counterparty was BitMNR.”

Meanwhile Bitmine Immersion Technologies said it purchased 60,999 ETH last week, bringing total holdings to 4,595,562 ETH (about 3.81% of supply) and 196 BTC. As of March 15, 2026, the firm’s total crypto, cash, and “moonshot” assets were valued at about $11.5 billion.

Source: Ethereumfndn / BitMNR

Until Next Time, Stay Frosty!

 

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