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09:58
All three major U.S. stock indexes rose in pre-market trading, with Meta (META) up 1.28%.
According to data from an exchange, all three major US stock indexes rose in pre-market trading, with the Nasdaq up 0.64%, the Dow Jones up 0.56%, and the S&P 500 up 0.59%. The seven major tech stocks generally increased, with Apple (AAPL) up 0.44%, Microsoft (MSFT) up 0.72%, Alphabet (GOOGL) up 0.38%, Amazon (AMZN) up 0.6%, NVIDIA (NVDA) up 0.9%, Tesla (TSLA) up 0.48%, and Meta (META) up 1.28%.
09:58
MUFG: Middle East conflict may lead to further depreciation of the Indian Rupee
According to Golden Ten Data on March 30, Michael Wan of Mitsubishi UFJ Financial Group stated that if the Middle East conflict continues, the Indian rupee may keep depreciating. The Reserve Bank of India announced new regulations, setting a $100 million limit on open positions for dealers in the onshore foreign exchange market. The rupee initially strengthened in early trading on Monday, but then weakened again, with its exchange rate against the US dollar falling below the 95 mark. Michael Wan noted: “It is still unclear what specific factors are driving these fluctuations, but we have observed that the market is being influenced by multiple factors, including the escalation of the Iran conflict.” “In order for (the rupee) to change its trajectory, more persistent capital inflows are needed, and such inflows were already insufficient even before the Iran conflict.”
09:50
A hedge fund whale has made a $48 million bullish bet on BTC to outperform HYPE, with intraday profits reaching $1.28 million.
According to BlockBeats, on March 30, data shows that the whale known for "favoring BTC over altcoins during downturns" (0x939) continues to hold a BTC/HYPE exchange rate hedging position: a $28.5 million long on BTC at an average price of $70,557; and simultaneously a $19.38 million short on HYPE at an average price of $39. Today, BTC continued to move upward, while HYPE, after a brief rally, fell back below $38, with a 24-hour drop of 4.5%. With both the long and short positions working in tandem, this combination made a profit of more than $1.28 million in the past 24 hours, and the strategy of betting on BTC outperforming HYPE has so far been realized. This address previously used a similar strategy to reduce holdings: opening a long BTC position with a size of about $50 million while shorting ETH, XRP, ADA, and five other coins. The strategy proved effective at the time, with total profits for the entire cycle still standing at around $37.1 million.
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