News

Golden Ten Data, March 6 – John Kilduff, partner at Again Capital, stated that intervention by the U.S. Treasury in the oil market would be unprecedented. Comparing this to the use of Treasury futures during the global financial crisis is not entirely appropriate. Firstly, the U.S. Treasury holds a natural position in the bond market. In this scenario, it is speculated that their goal would be to suppress futures prices, which in theory would require selling a large number of futures contracts on the open market. At this point in time, conducting naked short selling would require substantial capital to support positions, in order to meet margin calls and prevent the risk of further severe supply disruptions. However, the Treasury does indeed possess unlimited "financial resources."

Foresight News reported that the MetaDAO community has passed the proposal to "liquidate Ranger Finance." The proposal includes removing all RNGR/USDC liquidity from the Futarchy AMM; transferring all USDC reserves to the MetaDAO team, which will be proportionally distributed to all unlocked token holders based on snapshot data; and returning all intellectual property belonging to Futarchy governance SPC to Glint House PTE. LTD. The official statement noted that 5,047,250 USDC has been removed from the treasury and liquidity pool and will be distributed to RNGR holders. The wallet snapshot will be taken at 8:00 AM (UTC+8) on March 13.

BlockBeats News, March 6, according to Coinglass data, after last night's market downturn, the current funding rates on major CEX and DEX platforms indicate that the market remains bearish. Bitcoin's funding rate has shifted from neutral to a positive rate, while Ethereum has maintained a neutral rate. The specific funding rates for major cryptocurrencies are shown in the attached chart. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applied to perpetual contracts. It is a capital exchange mechanism between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts for traders, so that the contract price remains close to the underlying asset price. When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.