DeepFlowTech

Compiled & Organized: Deep Tide TechFlow
Guest: Sean Farrell, Head of Crypto Research at Fundstrat
Host: Zack Guzman
Podcast Source: Coinage
Original Title: Why The Analyst Who Called Crypto's Crash Is Still Cautious
Air Date: March 18, 2026
Key Takeaways
Despite many investors believing that Bitcoin and other cryptocurrencies have bottomed, market volatility and ongoing uncertainties surrounding the Iran conflict have led some analysts to remain cautious about this optimistic outlook.
Fundstrat analyst Sean Farrell, who accurately predicted the market crash in February this year, sat for an interview with Coinage

# Author: insights4vc
Compiled by: Deep Tide TechFlow
Deep Tide Editor's Note: Circle has been listed on the New York Stock Exchange with ticker symbol CRCL. But what kind of business is this company really in? Based on its FY2025 annual report, this article systematically breaks down Circle's revenue structure, reserve model, revenue sharing arrangement with Coinbase, and the current growth status of USDC and EURC.
The author's core conclusion: Circle is essentially a rate-sensitive financial infrastructure company that earns reserve interest income rather than subscription fees or transaction fees from a software platform. This conclusion directly impacts the valuation logic for it.
Full text as follows:
Understanding Circle should first position it as a "reserve income company" rather than a scalable software or payment fee platform. Its profit model is highly

Ondo Finance's tokenized stock platform Ondo Global Markets recently expanded its scale, adding over 60 new tokenized stocks covering multiple key industries. To date, the platform has supported over 250 assets, becoming the largest tokenized stock platform by TVL.

Written by: Jawad Hussain
Compiled by: Whitepaper Blockchain
The world's largest asset management company and a 37-year-old software firm that has shifted all its asset holdings to digital assets are engaged in an unprecedented large-scale race to accumulate Bitcoin in the crypto market.
As of March 16, 2026, BlackRock's iShares Bitcoin Trust (IBIT) held 784,062 Bitcoin, while Strategy (formerly MicroStrategy) held 761,068 Bitcoin.
The difference between the two is approximately 22,994 coins. At Strategy's current rate of purchase, this gap could be closed within days.
This is more than just a footnote in the history of digital assets. It is the most influential financial development of 2026.

Aave Mantle market has reached a total scale of $1.34 billion, becoming the third-largest lending market on the Aave platform. Since Aave V3 launched on Mantle, the market size has continued to grow, surpassing $400 million in the first week and has now built global-level liquidity infrastructure.

On March 20, South Korea's stock market gave back early morning gains due to foreign investors' selling of 1.26 trillion Korean won. Samsung Electronics edged down 0.25%, while LG Energy Solution and Doosan Heavy Industries rose, while SK Square and Hanwha Aerospace both declined. Retail and institutional investors remained active in buying.

ShapeShift founder Erik Voorhees' associated address recently purchased 17,084 ETH again at $2,148.8 per token, bringing total holdings to 103,389 ETH. Although he denied ownership of the address, the fund flow still shows association.

Author: Deep Tide TechFlow
US Stocks: Struggling at the Edge of Annual Lows
On Thursday, the Dow Jones Index fell 204 points, down 0.44%, closing at 46,021. The decline was led by Boeing (-2.28%), McDonald's (-1.95%), and 3M (-1.63%). Among gainers, the strongest performers were Chevron (+1.39%), Cisco Systems (+1.15%), and Goldman Sachs (+0.58%).
US stock indices trimmed most of their intraday losses on Thursday, with the S&P 500 and Nasdaq closing down only 0.2%, while the Dow fell 0.3%, rebounding from a four-month low. After Israeli Prime Minister Netanyahu stated that Israel is assisting the US in reopening the critical Strait of Hormuz, US crude oil retreated to around $94 per barrel, and volatility across asset classes eased somewhat.
This is a