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06:19
Futures Hotspot Tracking
Dalian Commodity Exchange iron ore futures prices fluctuated within a narrow range. Improved steel demand and rising costs have supported iron ore prices. Rio Tinto stated that tropical cyclone "Narelle" has led to a reduction of 8 million tons in iron ore shipments.
06:19
Shen Bo of Distributed Capital reveals details of a $42 million asset theft in 2022
On March 30, Distributed Capital partner Shen Bo announced the details and relevant addresses of his stolen assets from 2022 on the X platform. Shen Bo revealed that the theft occurred between 12:46 AM and 1:02 AM EST on November 10, 2022. Approximately $42 million in assets were stolen from his Trust Wallet hot wallet installed on an iPhone 12 Pro Max. Shen Bo set up a bounty on March 26 to recover these crypto assets.
06:19
Bitcoin market volatility is limited, possibly due to institutional investors being the main reason
Since mid-February, Bitcoin has remained in a narrow range around $70,000. Institutional investors have been selling covered call options on their Bitcoin holdings to earn additional income, shifting a large amount of positive gamma exposure to market makers. The hedging activities of market makers for this positive gamma seem to mechanically suppress price fluctuations and reduce the Bitcoin Volatility Index.
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