News

BlockBeats News, March 30th, According to official sources, Midas has announced the completion of a $50 million Series A funding round. This round of funding was led by RRE Ventures and Creandum, with participation from Framework Ventures, HV Capital, Ledger Cathay, an exchange, Franklin Templeton, GSR, and many other institutions. At the same time, Midas announced the launch of the "Open Liquidity Architecture" core product, Midas Staked Liquidity (MSL), with an initial capacity of up to $40 million. It aims to address the liquidity issues of tokenized real-world assets (RWA) and achieve instant liquidity + instant redemption.

Golden Ten Data reported on March 30 that, according to traders, concerns about long-term disruptions to Middle Eastern supply surged after the Houthis in Yemen launched an attack on Israel. This pushed Asian naphtha refining profits to a record high on Monday, reaching a premium of $433 per ton over Brent crude.

On March 30, Goldman Sachs traders indicated that significant short selling by hedge funds and systematic investors has increased the likelihood of a substantial stock market rebound if tensions from the Iran conflict ease. Goldman Sachs' prime brokerage trading division noted that hedge funds have reduced their global stock holdings for the sixth consecutive week, primarily driven by short selling. The latest round of selling has been widespread, with net selling observed across all major regions. A team led by Vincent Lin stated in a market data review for the week ending March 26 that in Europe, short positions in products trading around macroeconomic themes have risen to 11%, the highest level in a decade.