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According to HyperInsight monitoring, Abraxas Capital has been continuously increasing its short position on the gold-mapped contract xyz:GOLD via sub-address 0xb83 on the Hyperliquid platform. The total position size has reached $30.1 million, with the average holding price adjusted upward from $4,786 to $5,281, and the liquidation price at $6,989. The current unrealized profit is approximately $680,000. Over the past three days, this address deposited $7.5 million to expand its short position, with a significant increase in holdings early this morning and partial profit-taking in the past two hours. Additionally, this address holds about $6.85 million worth of XAUT spot assets on-chain. Abraxas Capital’s total position size has decreased from the peak of $920 million last November to around $40 million.

Malaysian palm oil futures fell after reaching a four-week high, due to weakness in related oil markets. With Malaysian palm oil inventories and production in February expected to shrink significantly, can this offset the impact of sharply reduced exports?

The South Korean stock market has experienced a significant decline over the past two days, with the Kospi index dropping by a total of 11%, marking the largest two-day decline since 2008. (Cointelegraph)