Energy crisis pressures Bitcoin mining profits, DeFi attacks and ETH whale activity highlight market volatility

KuCoinFlash

Release Time: 03/22/2026 11:25:43

Summary

Whale activity drove an $18.05 million ETH purchase over the past month, as Bitcoin miners face profit pressure from the energy crisis. DeFi attackers added $28.56 million in ETH to today’s trading activity. The stablecoin USR depegged to 0.053 USDT, prompting Fluid to halt trading and cover bad debt.

1. Analysis: The energy crisis is squeezing Bitcoin mining profits; if miners struggle to withstand the pressure, it could trigger a new wave of BTC selling.

2. Iran's Speaker responds to Trump's ultimatum regarding the opening of the Strait of Hormuz;

3. Over the past month, a large whale purchased 8,662 ETH, worth $18.05 million;

4. Today, attackers from two DeFi protocols collectively purchased $28.56 million worth of ETH;

5. The stablecoin USR has depegged by 93.72% and is currently trading at 0.053 USDT;

6. In Hong Kong, a billion-dollar gold heist occurred; police arrested five individuals and recovered 73 kilograms of gold bars;

7. The 20th anniversary of the first Twitter post, whose NFT sold for over $2.91 million;

8. Fluid: The USR market has been suspended, and any potential bad debt losses will be fully compensated.

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