Token Exchange 【NOOK】XT

According to Onchain Lens monitoring, despite crude oil prices falling below $85, some whales are still opening long positions. Whale "0x547" opened a long position in CL with 20x leverage, while also holding a long position in HYPE with 10x leverage. A newly created wallet "0x7f5" deposited $5 million in USDC and opened a long position in CL with 1x leverage. Furthermore, whale "0x0e0" opened a long position in CL with 7x leverage, while also holding short positions in BTC and ETH with 5x leverage.

According to a report by Northwestern Mutual, as reported by Odaily Planet Daily, 32% of U.S. Gen Z prefers cryptocurrencies, with a similar level of interest in sports betting and prediction markets.

Huoxun Finance News, March 11 – According to The Block, a judge in the U.S. District Court for the Eastern District of Ohio rejected a preliminary injunction motion from prediction market platform Kalshi, which aimed to prevent state regulators from enforcing gambling laws on its event contracts. Judge Sarah D. Morrison stated in her ruling that "there is no historical evidence that Congress intended to supersede state sports betting laws." This case is part of a legal battle between Kalshi and the states, with the core dispute being whether event contracts offered by prediction markets constitute sports betting and should be governed by federal derivatives law or state gambling rules. Kalshi argues that its event contracts are governed by commodity exchange law, which should supersede state law. Last year, the Ohio Gaming Commission accused Kalshi of operating illegal sports betting in the state. Kalshi stated that it will appeal the ruling.

Huoxun Finance reported on March 11 that, according to CoinDesk, US senators are attempting to advance the stalled CLARITY bill, a crypto market structure bill, through a compromise on stablecoin yields. The banking industry had previously successfully lobbied for a halt to the bill, citing concerns that stablecoin yields would siphon off bank deposits. Maryland Senator Angela Alsobrooks, who is involved in the negotiations, stated at a banking summit that both sides may need to make "some compromises" to allow for innovative growth while preventing deposit outflows. Senator Mike Rounds pointed out that yields should be linked to account activity rather than the amount held. JPMorgan Chase CEO Jamie Dimon hinted at accepting a transaction-based yield model, a position also raised by the crypto industry at a White House meeting. Recent rules proposed by the Office of the Comptroller of the Currency (OCC) leave considerable room for customer-incentivized yield programs. Despite the banking industry's continued emphasis on the risks of yield loopholes to business models, if senators reach an agreement on a new compromise, the bill could still proceed to committee review.