News

BlockBeats News, March 26, according to HyperInsight monitoring, two major addresses under Abraxas Capital (0x5b5, 0xb83) have been continuously increasing their short positions in Brent crude oil recently. Currently, they both rank among the top two in terms of BRENTOIL (Brent crude oil) positions on the Hyperliquid platform, with each address holding over 20 million USD in short positions, totaling 50 million USD. Currently, both short positions are using 10x leverage, with an average comprehensive price of about 104.7 USD and an average liquidation price of 142.6 USD. As the price of Brent crude oil continues to decline, the combined unrealized profit of both positions has reached approximately 3 million USD, with an overall return rate of about 12%.

Odaily reports that US lawmakers have introduced the PREDICT Act, which plans to prohibit the President, members of Congress, and other senior government officials from participating in prediction market trading. The bill, jointly proposed by Adrian Smith and Nikki Budzinski, aims to restrict the use of insider information for participating in prediction activities related to political events or policy outcomes, and extends its scope to include spouses and family members of the relevant personnel. The bill also proposes a fine of 10% of the total contract value for violations, and confiscation of all profits, which would be turned over to the US Treasury. (Cointelegraph)

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