Market Update - Friday, March 20

Gold has dropped to $4,600, stock markets are in decline, and Bitcoin is trading between $69,000 and $70,000. Altcoins are also struggling to gain momentum.

Middle Eastern conflict escalates as Iran attacks energy infrastructure.

Central banks in Japan, the UK, and the EU have all decided to maintain interest rates, following the Federal Reserve's lead.

ETF Spot Update as of March 19:
- Bitcoin is down $51.9 million; BlackRock has no data available.
- Ethereum is down $36.6 million; BlackRock has no data available.
- Solana is up $0.8 million.

The European Central Bank has begun the practical implementation phase of the digital euro, recruiting experts for system development.

A new crypto bill in Kentucky includes a provision requiring hardware wallet manufacturers to enable seed phrase recovery for users.

An anonymous whale has acquired 50,706 ETH (approximately $112 million) at a price of $2,201, resurfacing after seven months of inactivity.

EtherFi has invested $25 million into the RWA Plume Nest protocol, generating yields for over $6 billion in user deposits.

Major League Baseball has selected Polymarket as its prediction market partner and signed an MOU with the CFTC for information sharing and oversight.

Kalshi has raised over $1 billion at a valuation of $22 billion, doubling its valuation since December 2025, despite facing criminal allegations from Arizona.