News

PANews, March 7—According to a report by CCTV Finance, the prices of safe-haven assets such as gold have continued to fluctuate at high levels this week. Gold prices rose significantly at the onset of the conflict, then declined amid volatility. As one of the world's major gold trading centers, Dubai's local gold market saw a notable increase in trading volume this week, with some investors shifting their funds to gold and other safe-haven assets. Meanwhile, due to flight suspensions and disrupted logistics channels, a large amount of gold has been stranded in Dubai. The report states that some traders have started selling gold at discounts of up to $30 per ounce below the London benchmark price.

President Trump's executive order proposed the establishment of a strategic Bitcoin reserve, but the plan has been pending for a year and requires action from Congress. According to sources, related legislation may be advanced through the year-end National Defense Authorization Act in 2026.

BlockBeats News, March 7, according to monitoring, Hypurrfun founder Loracle (X: loraclexyz) has been continuously increasing his short positions in CL (WTI crude oil mapping contract) over the past 30 minutes. Currently, he is shorting $3.428 million worth of CL with 2x leverage, with an average entry price of $91.16, and is currently facing an unrealized loss of $12,000. The real name of Hypurrfun founder Loracle is Laurent Zeimes. He is active within the ecosystem and is regarded as one of the early contributors.