Good Morning and Happy Monday from Cumberland APAC! Markets are showing some quiet strength, with BTC having mostly recovered from its mid-March retracement. This retracement was generally viewed as a healthy one, even while it was occurring; a wind-down of some of the leverage that had built up during the sharp rally of previous months. On the retracement, BTC has recovered better than ETH: BTC is down 4% from its high on Mar 14, while ETH is down 11.5%. In the L1 space, TON and NEAR have had an extremely impressive March, up 120% and 90% respectively. (Anyone attending the TON investor day in HK this week, please reach out!) SOL (+62%) has outperformed AVAX (+32%) on the month, a surprising delta as these two coins have tended to track... 
