JELLYJELLY experiencing extreme spot/futures price difference, funding rate reaches extremely negative value

On March 10, HTX market data shows HYPE has surged past $35, with a 13.2% 24-hour gain and a current market cap of $10.48 billion. Yesterday, Arthur Hayes posted a lengthy note calling for a HYPE pump, targeting a price of $150 and dubbing it the "highest-quality project in the entire market."

On March 10, the Compound Foundation announced that USDe has been added as a collateral asset to the Compound v3 mainnet, alongside USDC and USDT on the Comet protocol.

March 10th: Per GMGN monitoring, the Chinese meme coin "Lobster" on BSC briefly topped $20 million in market cap, notching a new all-time high. It pulled back from a $20.5 million peak, now at $18.3 million with a price of ~$0.0183. Its 24-hour price surge hit 110%, with $12.8 million in 24-hour trading volume. Leading holder address 0x53d has an average entry price of $0.0026, with $388k in unrealized profits (184%) and a $490k position size. The address partially sold off three days ago, then resumed buying today after market cap crossed $10 million—and was still accumulating as of one hour ago. BlockBeats Note: Meme coins are extremely volatile, driven primarily by market sentiment and speculative hype. They have no tangible value or real-world use case. Investors should exercise caution.

March 10: Iran’s Tasnim News Agency reported the Iranian military said its drones targeted an oil refinery and fuel storage facility in Haifa, Israel, in retaliation for an "attack on an Iranian oil facility." Additionally, market reports note Iran has claimed to launch a new round of missiles at Israel. Per PolyBeats monitoring, the probability of a U.S.-Iran ceasefire by the end of this month is currently 34% on the prediction market Polymarket.

On March 10th, Bitget market data shows Nasdaq 100 futures extended gains to 0.6%, while S&P 500 futures gained 0.4%.

March 10 – Per Bitget market data, Hong Kong stocks closed higher with the Hang Seng Index up 2.17%, the Hang Seng TECH Index gaining 2.4%, and Tencent Holdings (0700.HK) jumping 7.27%. AI-related stocks saw notable gains: MiniMax (00100.HK) surged 22.37%, Westwell Group (02513.HK) rose 12.87%, China Binary Sale Technology (02706.HK) was up 7.28%, and Securemetric (02498.HK) gained 4.08%.