Key Highlights

• USAR shares dropped 3.6% on Friday, reaching an intraday low of $15.05 before settling near $15.42, with trading volume significantly lighter than typical sessions.
• The firm launched its commercial-scale magnet manufacturing facility in Stillwater, Oklahoma, positioning itself to accept customer orders for sintered NdFeB permanent magnets beginning in Q2 2026.
• Initial production (Phase 1a) is projected to achieve an annual run rate of 600 metric tons by Q4 2026, with total facility capacity expanding to 1,200 mtpa by Q1 2027.
• Wall Street analysts collectively rate the stock a “Moderate Buy” with an average price target of $34.33 — representing potential upside exceeding 120% from current levels.
• Company insiders control approximately 46.6% of outstanding shares, with two board members acquiring a combined $2.17 million worth of stock in January.

USA Rare Earth (USAR) finished Friday’s session at $15.42, marking a 3.6% decline from Thursday’s closing price of $16.00, after touching a session low of $15.05.

USA Rare Earth Inc, USAR

The rare earth company achieved a significant operational milestone this week, declaring successful commissioning of its commercial magnet manufacturing line at the Stillwater, Oklahoma location. This development positions the firm to begin processing customer orders for sintered neodymium-iron-boron (NdFeB) permanent magnets from the second quarter of 2026 onward.

Friday’s price retreat occurred alongside subdued trading activity, with approximately 8.74 million shares changing hands — representing roughly 55% below the stock’s typical daily volume of 19.5 million shares.

According to company statements, the commissioning represents a sophisticated, multi-phase manufacturing process. Raw rare earth and metallic components are transformed into ultra-fine powder, then jet-milled to particle sizes between 3 and 5 microns within oxygen-controlled environments. The material subsequently undergoes pressing, precision machining, protective coating application, and magnetization to produce finished magnets.

Over 100 workers at the Stillwater location oversee the complete production cycle.

USAR’s initial Phase 1a manufacturing line is projected to scale up to an annual production run rate of 600 metric tons (mtpa) by the conclusion of Q4 2026.

Expansion of Manufacturing Capacity

With the addition of a subsequent production line, the company forecasts total operational capacity at the Stillwater site reaching 1,200 mtpa by the first quarter of 2027.

Technical indicators show the stock trading significantly below its 50-day moving average of $20.15 and its 200-day moving average of $18.76 as of Friday’s close.

USAR maintains a market valuation near $2.05 billion, posts a PE ratio of -29.65, and displays a beta coefficient of 1.05.

Wall Street Outlook and Insider Transactions

Notwithstanding the recent price weakness, analyst sentiment remains constructive on the stock. Six research firms maintain Buy recommendations while one holds a Sell rating, resulting in a consensus “Moderate Buy” assessment. The mean price objective stands at $34.33 — more than doubling Friday’s trading level.

Canaccord Genuity elevated its price target from $23 to $33 during January, while Cantor Fitzgerald increased its forecast from $28 to $35, maintaining an “overweight” stance.

Benchmark initiated coverage with a Buy recommendation in January, and UBS reaffirmed its Buy rating in December.

Insider purchasing activity has intensified recently. In late January, Board Member Michael Blitzer acquired 100,000 shares at $21.44 per share, representing an investment of roughly $2.14 million. This transaction expanded his holdings by 13.4%.

Board Member Carolyn Trabuco similarly purchased 1,300 shares at $22.60 during the same timeframe.

Collectively, company insiders now control approximately 46.6% of USAR’s total outstanding equity.

Institutional investors have also been accumulating positions. Larson Financial Group expanded its stake by 217.5% during Q4, while NewEdge Advisors increased its holdings by 158.2%.

The company’s flagship Round Top deposit located in West Texas — a polymetallic rare earth resource — continues to serve as its primary asset base, while the Stillwater manufacturing facility represents its strategic move into downstream production capabilities.

The Phase 1a commissioning milestone establishes USAR’s entry into commercial-scale magnet manufacturing, with the subsequent production line anticipated to elevate total output capacity to 1,200 mtpa by early 2027.

Onchain commodity trading is attracting sustained attention as a viable channel for macro risk exposure, yet the market still wrestles with liquidity gaps that keep it from fully rivaling traditional venues. A new milestone for Hyperliquid’s HIP-3 market shows the trend toward broader onchain adoption, while observers flag key bottlenecks that could determine whether this momentum endures.

Key takeaways

• HIP-3 posted an all-time volume high on March 23, with about $5.4 billion in perpetual futures across commodities and macro assets, according to Artemis Analytics. Silver led the pack with roughly $1.3 billion in activity, followed by WTI crude ($1.2B), Brent ($940 million) and gold ($558 million).
• Traders are increasingly seeking macro-style exposure onchain. The shift isn’t limited to crypto-native participants; traditional finance actors are entering via personal accounts, expanding weekend and off-hours participation.
• Price discovery onchain is gaining traction during weekend and after-hours periods, but liquidity depth and price reliability on onchain venues remain weaker than centralized traditional exchanges.
• Liquidity depth, tighter spreads and clearer regulatory frameworks remain the main hurdles for broader institutional participation, according to market observers.
• The onchain macro narrative is expanding beyond commodities, with market participants anticipating broader asset classes to follow the same weekend-discovery dynamic as volatility shifts.

Onchain activity hits new highs as macro exposure gains traction

Data from Artemis Analytics shows a clear spike in onchain macro trading, centered on Hyperliquid’s HIP-3 market. On March 23, HIP-3 recorded a fresh all-time high, tallying roughly $5.4 billion in perpetual futures volume that spanned commodities and macro assets. The standout drivers were silver, oil and gold, with silver accounting for about $1.3 billion, West Texas Intermediate (WTI) crude around $1.2 billion, Brent crude at $940 million, and gold near $558 million. Equity indices, including the Nasdaq and S&P 500, also reflected notable flow on the platform.

Industry participants describe the surge as a signal not merely of higher trading activity, but of shifting intent: more market participants are seeking real-time, onchain access to macro trends. “Previously, onchain commodity futures were mostly a venue for crypto-native investors; that is no longer the whole story,” said Iggy Ioppe, chief investment officer at Theo. “The real tell isn’t just the volume; it’s who is trading and when they show up.”

“The real tell is not just the volume, it’s when the volume shows up and who is showing up to trade.”

— Iggy Ioppe, chief investment officer at Theo

Ioppe emphasized that onchain oil futures markets are now processing more than $1 billion in daily volume over weekends, a period when traditional exchanges are closed. He attributed part of the shift to individual traders from traditional finance who are accessing these markets via personal accounts. “Geopolitics does not stop on Friday afternoon, and markets are starting to adapt to that fact,” he observed.

In a broader sense, the data underscore a larger trend: traders are becoming more comfortable accessing macro-style exposure onchain, with gold and oil leading the development. While the current wave is anchored by commodities, observers anticipate similar patterns proliferating into other asset classes as volatility evolves.

Weekend price discovery creates a notable edge for onchain venues

A defining characteristic of onchain trading, according to industry voices, is the ability to operate around the clock. With an approximately 49-hour gap between the close of traditional markets on Friday and their Sunday reopening, decentralized platforms have become among the few places where traders can respond to macro developments in real time. This dynamic is already influencing how prices are formed beyond regular trading hours, even though traditional venues still provide the lion’s share of liquidity.

“Onchain is the price discovery layer when the rest of the market is asleep. TradFi remains the depth layer when size matters most,” said Sergej Kunz, co-founder of 1inch. The contrast highlights a structural gap: while onchain venues can react instantly to headlines, the ability to execute large trades without slippage still hinges on deeper liquidity and tighter spreads available in traditional venues.

Comparisons to established markets illustrate the scale difference. On the CME, crude oil futures regularly trade between 1 million and 4.5 million contracts daily, translating to roughly $100 billion to $300 billion in notional volume. These figures reflect the vast depth and execution quality that onchain platforms have yet to match on a practical, institutional scale.

Liquidity depth and market structure: the remaining hurdles

Even as weekend and off-hours activity gains traction, liquidity depth remains a central constraint for broader adoption. Experts point to two intertwined challenges: pricing reliability and market structure maturity. “Traditional venues still dominate when it comes to liquidity, execution quality, and institutional-scale pricing depth,” noted Sergej Kunz. He argued that unless onchain venues offer materially deeper liquidity and tighter spreads, sizable trades risk moving prices unfavorably and deterring large players.

Shawn Young, chief analyst at MEXC Research, added that while there are signs of behavioral shifts—more traders seeking macro exposure onchain—gaps in liquidity and price aggregation persist. He cautioned that commodity tokenization represents a real, but early-stage, development that will require maturation in pricing, data quality and regulatory clarity before it becomes a steady alternative to legacy markets.

Beyond commodities: a broader onchain macro narrative

Despite early-stage constraints, the trajectory appears to point toward broader macro participation onchain. Kunz framed it as a larger trend: “The broader direction is clear: traders are becoming more comfortable accessing macro-style exposure onchain.” While gold and oil currently dominate the flow, industry observers expect analogous patterns to emerge across other asset classes as market volatility continues to evolve.

As weekend pricing gains legitimacy and trust in onchain price formation grows, more market participants—especially those who already trade in traditional markets—may begin to rely on onchain venues for off-hours exposure. This could gradually contribute to higher open interest and more robust price discovery over time, reinforcing a feedback loop that strengthens the credibility of onchain valuations.

For now, the line between onchain and traditional markets remains clearly drawn: the former offers around-the-clock access and rapid reaction to macro events, while the latter provides depth, reliable execution, and institutional pricing power. Observers say continued progress will depend on improving liquidity, refining price aggregation, and navigating evolving regulatory expectations.

Related coverage from industry reporting highlights emerging milestones like S&P Dow Jones’ licensing of S&P 500 perpetuals for Hyperliquid, signaling growing mainstream engagement with onchain derivatives. As the landscape evolves, market participants will be watching whether expanded weekend activity and broader macro exposure onchain translate into lasting open interest gains and deeper liquidity across asset classes.

For readers tracking the trajectory of onchain futures, Artemis Analytics remains a key data touchstone for measuring volume and asset mix. The latest data point—an all-time HIP-3 high—suggests growing demand for onchain macro exposure even as questions about liquidity depth, price reliability and regulatory clarity continue to shape the conversation about how soon onchain venues can mature into viable, full-scale competitors to traditional exchanges.

What comes next will hinge on whether onchain platforms can translate weekend and after-hours momentum into sustained liquidity and tighter pricing, and whether institutional participants increasingly trust onchain pricing during times when TradFi is open and active. In the near term, observers will closely watch how other asset classes respond to the ongoing push for macro exposure onchain and whether the weekend price formation dynamic broadens beyond metals and energy.

Key Takeaways

• Both BRK.A and BRK.B shares have declined for eight consecutive trading days — the most extended losing period since late 2018
• Class A shares are down 4.7% while Class B has fallen 4.9% from their March 17 closing highs
• Fourth quarter 2025 operating profits declined approximately 30% compared to the previous year, totaling $10.2 billion; insurance underwriting profits plunged 54%
• CEO Greg Abel reinitiated share repurchases on March 4 and acquired $15.3 million of company stock personally
• The conglomerate acquired approximately 2.5% of Tokio Marine Holdings for $1.8 billion, with shares jumping 24% following the announcement

Berkshire Hathaway is experiencing an eight-session consecutive decline — marking the most prolonged downward streak since December 2018. Since closing positively on March 17, Class A shares have retreated 4.7% while Class B shares have dropped 4.9%.

Berkshire Hathaway Inc., BRK-B

Broader market turbulence has compounded the pressure. The S&P 500 has declined 5.2% during the identical timeframe and sits approximately 7% lower year-to-date, amid its own five-week consecutive downturn. Escalating energy costs and geopolitical tensions stemming from the Iran situation continue to dampen investor confidence.

The timing presents challenges for Berkshire. Greg Abel formally assumed the CEO position at the beginning of 2026, while Warren Buffett transitioned to the chairman role. Shares have tumbled more than 13% since Buffett’s announcement last year regarding his planned departure from the chief executive position.

The company’s financial performance added to investor concerns. Fourth quarter 2025 operating profits totaled $10.2 billion, representing approximately a 30% year-over-year decline. Full-year operating earnings reached $44.5 billion, down 6% compared to 2024.

Insurance underwriting operations proved particularly challenging, plummeting 54% year-over-year during Q4 to $1.56 billion. While this comparison faced a particularly robust prior-year baseline, the results nonetheless rattled market participants when disclosed on February 28.

BNSF, Berkshire’s railroad subsidiary, continues grappling with margin compression due to elevated diesel expenses. The conglomerate’s consumer-focused and manufacturing operations also face headwinds from increased energy costs that are squeezing consumer spending power.

Abel Takes Action

Notwithstanding the negative price momentum, Abel has acted decisively to communicate his capital deployment philosophy. Berkshire restarted its share repurchase program on March 4 — marking the first buyback activity since May 2024. Abel informed CNBC that the company repurchases shares when they trade beneath intrinsic value, signaling his belief that current prices represent value.

He additionally revealed a personal investment of $15.3 million in Berkshire shares and pledged to invest his complete after-tax compensation in company stock annually throughout his tenure as chief executive.

Berkshire concluded 2025 holding $373.3 billion in cash, cash equivalents, and Treasury bills, slightly down from the third quarter record of $381.6 billion but still representing among the largest corporate cash reserves worldwide.

Tokio Marine Investment

In a notable transaction announced this week, Berkshire’s National Indemnity insurance subsidiary invested $1.8 billion to acquire just under 2.5% of Tokio Marine Holdings — Japan’s most established insurance enterprise.

Tokio Marine shares rocketed more than 24% after Monday’s disclosure. The position now carries a market value approaching $2.3 billion.

Berkshire retains the flexibility to expand its ownership to just below 10% via open-market transactions. Any holdings exceeding that threshold necessitate board authorization.

The transaction was directed by Ajit Jain and reportedly included Buffett in a consultative role. Tokio Marine issued fresh shares to facilitate the acquisition and intends to execute equivalent buybacks to maintain share count neutrality.

Both organizations will work together on reinsurance opportunities and jointly evaluate strategic investment prospects. Tokio Marine characterized the arrangement as a “long-term strategic relationship.”

Berkshire’s current portfolio of five Japanese trading companies — Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo — have appreciated between 42% and 124% during the past 52 weeks, with aggregate market capitalization exceeding $44 billion.

Mitsubishi reached a record closing price on Friday.

GameStop didn’t sell its Bitcoin stash; it pledged it to Coinbase for a covered-call strategy. By capping its upside at a $105,000 strike price, GameStop evolved its treasury from passive holding into active yield generation.

But while corporate giants squeeze fixed-income premiums from established assets, retail investors are hunting for explosive price discovery. DeepSnitch AI (DSNT) delivers exactly that.

With $2.6 million raised and five live AI agents already giving traders an institutional-grade intelligence edge, DSNT captures the asymmetric upside that legacy treasuries trade away.

GameStop pledged its Bitcoin as collateral

GameStop’s recent 10-K filing reveals it didn’t sell its massive Bitcoin stash; instead, it pledged 4,709 BTC to Coinbase for a covered-call strategy.

By capping its upside at the $105,000 to $110,000 strike range, GameStop evolved its treasury from passive holding into active yield generation, even while recording a $59.7 million unrealized loss.

Because Coinbase can now rehypothecate the collateral, GameStop replaced the BTC on its balance sheet with a digital asset receivable. This move signals a broader market shift: corporate treasuries and institutional giants like BlackRock are increasingly using structured options to squeeze fixed-income yield from Bitcoin.

However, this institutional yield playbook is designed for entities holding hundreds of millions in capital. Everyday retail investors do not need capped options premiums; they need asymmetric price discovery and a fundamentally better entry point.

Top 3 best crypto presales in 2026

DeepSnitch AI

GameStop recently revealed it is generating yield on its massive Bitcoin holdings through covered-call premiums with a $105,000 strike. While this marks a major evolution in corporate treasury strategy, it requires holding thousands of Bitcoin and utilizing complex institutional infrastructure.

Retail investors don’t need fixed-income options on established assets; they need asymmetric early-stage opportunities. That is exactly what DeepSnitch AI (DSNT) offers.

With its March 31st launch rapidly approaching, DSNT has raised over $2.6 million by doing what most presales fail to do: launching a fully operational product first. Its five live AI agents empower retail traders with institutional-grade intelligence, handling real-time sentiment tracking, scam detection, and hidden gem discovery.

Community projections are pointing toward 100x to 300x returns, the explosive upside that covered-call strategies simply cannot offer. This growth story is built on genuine daily utility, driving organic adoption and long-term token value rather than a temporary launch spike.

At $0.04669, the DeepSnitch AI ground-floor entry point is definitively closing in just three days. Once the Uniswap listing goes live, open-market price discovery takes over entirely.

Ionix Chain

Ionix Chain embeds AI directly into its Layer 1 protocol, offering a decentralized GPU marketplace and $0.0005 transaction fees. Having raised $6.65 million in Stage 18, its ambition is undeniable.

However, the risks match the scale. Building production-ready AI infrastructure takes significantly longer than roadmaps suggest, and Ionix’s undisclosed team severely hinders the enterprise adoption it targets. As GameStop’s transparent Bitcoin strategy proves, institutional credibility requires verifiable accountability.

DeepSnitch AI (DSNT) operates from a structurally different position. By shipping a live, working intelligence product with a fully disclosed team before opening its presale, DSNT delivers immediate utility.

Gassed Token

Gassed Token relies on a Solana-based, click-to-earn mechanic to drive community engagement.

While Solana’s low fees suit this gamified loop, the ceiling remains strictly capped. Beneath the meme, there is no underlying product, recurring revenue, or utility to absorb selling pressure once the novelty fades.

Furthermore, unconfirmed audits and an undisclosed team strip away crucial accountability. As GameStop’s transparent Bitcoin yield strategy proves, serious capital demands verifiable structure.

DeepSnitch AI (DSNT) operates in an entirely different category. Offering a live intelligence platform, active daily users, dual audits, and a confirmed March 31st listing, DSNT delivers genuine utility over fleeting attention.

Closing thoughts

GameStop recently pledged its Bitcoin to Coinbase to run covered calls, squeezing options yield from a $105,000 strike. While corporate crypto strategy grows increasingly sophisticated, retail investors need asymmetric entry points.

The market is actively filtering out weak setups. Ionix Chain’s undisclosed team creates a massive credibility gap for enterprise adoption, and Gassed Token’s click-to-earn model lacks both an underlying utility floor and published audits. DeepSnitch AI (DSNT) answers these exact concerns.

Having shipped five live AI agents before raising a single dollar, DSNT has secured $2.6 million from active users. At $0.04669, early backers are already seeing 210% gains, fueling 100x to 300x community projections that are grounded in genuine daily utility.

While GameStop caps its upside for yield, DSNT is heading for pure price discovery. The March 31st presale deadline is exactly three days away, and the Uniswap listing follows immediately. The entry point that exists today will not exist next week.

Visit the official DeepSnitch AI website, join Telegram, and follow on X for more updates.

FAQs

Which best crypto presales are still open as GameStop’s Bitcoin strategy evolves from holding to yield generation?

DeepSnitch AI leads: $2.6M raised, 210% gains, five live AI agents, and a confirmed March 31st Uniswap launch with 100x to 300x projections. GameStop’s covered-call strategy peaks at structured options premiums on a $105,000 strike.

What upcoming crypto presales offer retail investors bigger returns than corporate covered-call Bitcoin strategies?

DeepSnitch AI: daily utility across sentiment tracking, rug detection, hidden gem discovery, and instant DYOR tools that any retail investor can access with a wallet, no Bitcoin collateral required. DSNT’s 100x to 300x case requires getting in before March 31st.

How does DeepSnitch AI stand apart from Ionix Chain and Gassed Token right now?

DeepSnitch AI has a shipped product, a disclosed team, $2.6M raised from real users, and a confirmed listing time. Ionix Chain has team transparency gaps that enterprise adoption will eventually require answers to. Gassed Token has no utility floor and no published audits.

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Sam Altman’s World Foundation has raised $65 million through an over-the-counter (OTC) sale of its WLD token, which has hit new record lows.

In a Saturday post on X, the foundation said its token issuance arm, World Assets, completed the sale to four counterparties over the past week, with the first tranche settling on March 20. The transactions were priced at an average of roughly $0.27 per token, suggesting that around 239 million Worldcoin (WLD) changed hands.

“This sale funds the project’s core operations and activities, R&D, orb manufacturing, ecosystem development, and more,” World Foundation wrote on X.  

Of the total, $25 million worth of tokens are subject to a six-month lockup, while the remainder were immediately liquid.

Related: World launches AgentKit with Coinbase integration to enable human-verified AI agents

WLD hits new low

Following the announcement, WLD briefly fell to an all-time low of around $0.24 before recovering to $0.27, leaving it down about 97% from its March 2024 peak near $11.82. The token is currently trading at $0.2725, up by 0.28% over the past day, according to data by CoinMarketCap.

Additional supply pressure may be on the horizon. A major community token unlock is scheduled for July 23, covering roughly 52.5% of the token’s 10 billion total supply, according to DefiLlama.

Meanwhile, the new sale also comes at a steep discount to prior rounds. In May last year, World raised $135 million at approximately $1.13 per token from backers including Andreessen Horowitz and Bain Capital Crypto.

Related: Tools for Humanity expands World app toward super-app model

Thailand raids World-linked iris scanning site

In October last year, authorities in Thailand raided an iris-scanning site linked to World. The country’s Securities and Exchange Commission, working with the Cyber Crime Investigation Bureau, said the service may have violated digital asset laws by operating without a license, leading to arrests and an ongoing investigation.

The move added to a growing list of regulatory challenges for World. Since launching in 2023, the project has faced probes and pushback in several countries, including Indonesia, Germany, Kenya and Brazil, with concerns ranging from licensing issues to the handling of sensitive biometric data.

Magazine: Bitcoin may take 7 years to upgrade to post-quantum — BIP-360 co-author