News

1. On Monday, the Indian stock market plummeted, with the NIFTY index dropping as much as 2.1%, marking the largest single-day decline in over a month and completely erasing the gains recorded after the US-India trade agreement in February. Engineering giant Larsen & Toubro, Reliance Industries, and airline InterGlobe Aviation led the decline, as investor sentiment was severely hit by the escalating Middle East conflict.2. JM Financial strategists pointed out that the escalating situation in the Middle East is bringing increasing oil risks to the Indian market. Sectors such as oil sales, paints, aviation, and chemicals may face margin pressure due to rising input costs. Most of India's energy demand relies on imports, and rising oil prices will significantly widen the trade deficit, putting pressure on the rupee and the stock market.3. For every $1 increase in crude oil prices, India's annual import costs rise by about $2 billion. With tensions in the Strait of Hormuz causing oil prices to soar, the Indian economy is facing the dual challenges of imported inflation and external imbalances.

7:00-12:00 Keywords: Brent crude oil, Vitalik, Polygon International oil prices surged, Brent crude oil soared by about 13%; The Central Bank of Russia warns that Russian pyramid schemes are massively shifting to cryptocurrencies; Vitalik: With AI support, the Ethereum roadmap may accelerate; Vitalik elaborates on the Ethereum execution layer roadmap, focusing on state trees and the virtual machine; Mysterious account accurately bets on airstrikes against Iran, Trump camp faces "insider trading" accusations; Due to the growth of Polymarket trading activity, Polygon's POL burn volume in February hit a record high; Arthur Hayes: If the US is involved in the Iran conflict for the long term, it will force the Federal Reserve to print money and push up the price of Bitcoin.

BlockBeats News, March 2nd, according to The Data Nerd monitoring, about 6 hours ago, AbraxasCapital once again conducted a dollar-cost averaging short selling on gold. Currently, its gold short position size is about $5.14 million. It is worth noting that Abraxas Capital previously held a large amount of Bitcoin and Ethereum spot hedge positions on Hyperliquid, and they are proficient in delta-neutral strategies.