ORE Surges Over 56.5% in 24 Hours, Market Cap Reaches $90 Million

April 1st: Per LookOnChain data, whale address 0x049b holds a 20x leveraged long position comprising 19,007 ETH (valued at $40.08M) and 587 BTC (valued at $40.05M).

On April 1st, per data from the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), the whale dubbed the "Shanzhai Air Force Leader" briefly added $3.18 million to flatten its WTIOIL (WTI Crude Oil) short position. Its total WTIOIL short position now stands at $8.18 million, with an average entry price of $97.67 and a floating loss of $370,000 (-11%). Additionally, the whale holds a 20x leveraged short position in BRENTOIL (Brent Crude Oil) valued at $9.98 million, with an average entry price of $107.36 and a floating profit of $280,000 (6%). Its total crude oil positions currently exceed $18.1 million. This address specializes in short selling: it has held short positions in over 20 cryptocurrencies during market downturns, accumulating $89 million in total profit across its trading cycle. Recently, after nearly fully closing its crypto positions, it has shifted into commodities.

CNBC Reports: CoinShares Completes SPAC Merger, Begins Nasdaq Trading Today Per a CNBC report on April 1, European crypto asset management firm CoinShares has finalized its merger with special purpose acquisition company (SPAC) Vine Hill Capital. The firm will commence trading on Nasdaq today under the ticker symbol CSHR. The transaction values CoinShares at approximately $1.2 billion, and the deal includes a $50 million investment from institutional investors.

On April 1st, Bitget market data shows a South Korean exchange triggered the KOSDAQ Index circuit breaker. Earlier, KOSDAQ150 Index futures jumped 6%, halting algorithmic trading for 5 minutes.

Early local time April 1, the Israel Defense Forces (IDF) said that since the start of Operation "Roaring Lion," its air force has conducted more than 800 strike missions, dropping roughly 16,000 munitions of various types and targeting over 4,000 sites—killing more than 2,000 Iranian military personnel. The statement added that beyond strikes on Iran, the IDF has carried out multi-front operations, striking roughly 7,000 targets across all its frontlines to date. (CCTV News)

On April 1st, Bitget data shows South Korea’s KOSPI index widened its afternoon gains to 8%, currently trading at 5456.73 points.