The "Long-Short Dual Oil Air Force" quickly engaged in consecutive rolling spot month short positions in CL, reaching a scale of 12.6 million, now the largest short in on-chain oil markets

[March 10] — Amazon is tapping the bond market again with a massive cross-border issuance, Bloomberg reported, adding fuel to an AI-fueled corporate borrowing spree. Sources familiar with the deal said the e-commerce and cloud giant will offer up to 11 tranches of U.S. investment-grade bonds, with maturities spanning 2 to 50 years. Initial pricing discussions for the longest-dated note (maturing in 2076) indicate a spread of roughly 1.55 basis points over U.S. Treasuries, the source added, requesting anonymity due to the sensitive nature of the information. HSBC Holdings, Citigroup, Goldman Sachs and JPMorgan are underwriting the sale. The issuance marks the latest in a string of large bond offerings by major cloud computing firms ramping up to invest billions in AI infrastructure. To date, investor demand remains robust, with recent deals seeing subscription levels multiple times the issuance size.

On March 10, official sources confirm that full-channel trading platform Based has announced its BASED token airdrop query tool is now live. Prior reports noted that Based has unveiled its BASED tokenomics: total supply of 1 billion tokens, with 36% earmarked for the community, 23.64% for ecosystem and community rewards, 20.36% for investors, and 20% for core contributors.

March 10: U.S. Secretary of Defense Hedges stated the United States will not conclude its conflict with Iran until the adversary is defeated. (Golden Ten)

On March 10, The Block reported that Starknet is developing a new privacy feature to let teams launch privacy-preserving stablecoins and other assets while staying compliant. Dubbed the STRK20 framework, the tool is built by StarkWare and set to deploy on Starknet later this year. The framework aims to provide token-level privacy for assets on Starknet—keeping transactions and balances confidential—while remaining compatible with decentralized finance (DeFi) apps. Per the team, Starknet’s solution will support ERC-20 tokens, the standard for most fungible assets on Ethereum.

On March 10, official sources confirmed that Advanced Machine Intelligence Labs (AMI Labs)—an AI firm founded by Yann LeCun, Meta Platforms’ former Chief AI Scientist—has closed a $1.03 billion funding round (approximately €890 million). The round was led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions, with participation from global investors and angel backers worldwide, valuing the French company at $3.5 billion. Meta did not participate in this funding round; LeCun characterizes the tech giant as a "partner but not an investor." Yann LeCun stated that AMI Labs will build an AI system with intelligence comparable to that of an adult human—one capable of reasoning, planning, understanding the physical world, and learning autonomously from very few samples.

March 10 Per Hyperinsight monitoring (via Telegram @HyperInsight), the whale address starting with 0xcac has recently shifted its holding strategy significantly. Previously, the address ran neutral arbitrage: selling BTC spot while closing short positions, or buying spot while adding shorts, to profit from funding rate spreads. After BTC prices dropped below $73,000, the whale began unhedged, one-way short position additions. It now holds ~$11 million in BTC and ETH spot positions, while total short positions have expanded to $34.9 million. Key positions include: - 20x BTC Short: $15.7M position size, $89,900 average entry, $4.3M unrealized profit (548%), $1.76M in funding rate settlements - 10x HYPE Short: $11.8M position size, $33.6 average entry, $0.45M unrealized loss (-38%), $0.35M in funding rate settlements - 20x ETH Short: $7.04M position size, $4,011 average entry, $6.64M unrealized profit (1886%), $1.35M in funding rate settlements