News

1. Polymarket's weekly nominal trading volume has surpassed Kalshi for the first time since last November; 2. Trump Media & Technology Group is considering spinning off TruthSocial for a separate listing to prioritize the development of its crypto business; 3. AbraxasCapital has increased its short positions in gold again, with a total position of approximately $5.14 million; 4. Opinion: The current Iran conflict is unlikely to trigger an oil crisis; 5. MagicEden's CEO stated that support for Ethereum and Bitcoin NFT marketplaces will be discontinued as the platform shifts focus to prediction markets; 6. A whale has shorted 750 BTC with 40x leverage and is currently facing an unrealized loss of $1.187 million; 7. X's Head of Product clarified that the "Paid Partnership" label is not specifically targeted at prediction markets, but is intended to strengthen the disclosure mechanism for commercial content; 8. Driven by the growth in Polymarket trading activity, Polygon's POL burn volume in February also reached a historical high; 9. Opinion founder: Hopes the community will lower expectations for the S1 airdrop and emphasizes that more attention will be given to S2 rewards.

BlockBeats News, March 2, according to reports, in the past hour, the whale at address 0x610 has once again started to go long on BTC as losses from short positions in precious metals have widened. The long positions opened in the past hour mark the third attempt since the 28th, possibly as a short-term risk hedging strategy using "digital gold" against physical gold. The current position size has reached $2 million, with an average price of $66,200. Let's rewind to three days ago. At 22:00 on February 26, the third round of US-Iran-Geneva talks began, and gold hovered around the $5,200/ounce mark. As global capital flocked to safe-haven assets, this address took the opposite position and opened a short on GOLD (gold-mapped contract). On February 28, news of a joint US-Israeli airstrike broke, causing a short-term surge in gold and resulting in floating losses for the short position. On the same day, the address increased its short position in gold and opened a new short on SILVER (silver-mapped contract), continuing to bet on a pullback in safe-haven assets. The next day, the address opened a long position in BTC in the early morning.

BlockBeats News, March 2nd, according to Coinbob Popular Address Monitor, in the past 1 hour, the whale address 0x610, as the short position in precious metals expanded, the address once again began to attempt to long BTC. The long positions opened in the past 1 hour mark its third attempt to long after 28 days, and this operation may be a short-term risk strategy to hedge physical gold with "digital gold." The current position size is $2 million, with an average price of $66,200. Let's rewind time three days ago. At 22:00 on February 26th, the U.S.-Iran Geneva third-round negotiations started, and gold hovered around $5200/ounce. When global funds rushed to buy safe-haven assets, the address reversed to open a short position in GOLD (gold mapping contract). On February 28th, news of a U.S.-Israel joint airstrike emerged, causing a short-term surge in gold prices, leading to losses in its short position. On the same day, the address added to its gold short position and opened a new short position in SILVER (silver mapping contract), continuing to bet on a retreat of safe-haven assets. The following day, in the early morning, the address opened a long position in BTC.