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Hyperliquid Crude Oil Contract Funding Rate Flips from Negative to Positive as Middle East Tensions Drive Oil Price Volatility

2 hours ago

March 13 — According to Hyperliquid monitoring (via Telegram @HyperInsight), rising oil prices have shifted market sentiment to bullish. On the Hyperliquid platform (app.hyperliquid.xyz/join/NTOD), funding rates for CL (WTI Crude Oil) and BRENTOIL (Brent Crude Oil) turned positive today: the CL contract rate is temporarily at 0.0012%, while BRENTOIL’s stands at 0.0052%. Total trading volume for U.S. (WTI) and U.K. (Brent) crude contracts reached $1.3 billion, with open interest totaling $377 million. On the news front, Middle East tensions escalated overnight into this morning. Iran’s Supreme Leader declared the Strait of Hormuz “must remain closed,” briefly pushing oil prices to $96/bbl. Later, Deputy Foreign Minister Rahanchi stated ships from “some countries will be allowed to pass,” trimming oil’s gains. Even so, the ongoing strait closure creates a daily supply gap of ~20 million barrels. At 6 a.m. ET today, WTI crude briefly hit $98/bbl and is now trading at $95.7/bbl.
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Binance will suspend deposits and withdrawals for certain network-specific tokens

Binance announced on March 13 that it will discontinue deposit and withdrawal services for specific network-bound tokens as of 16:00 UTC+8 on March 20, 2026. Deposits of these tokens via their respective networks will not be credited to user accounts after that time and may lead to asset loss. Affected tokens include: - Contentos (COS) on the Ethereum Network - Dego Finance (DEGO) on the BNB Smart Chain

10 minutes ago

Citibank: Next Week's "Super Central Bank Week" May Escalate Bond Market Volatility

On March 13, Citigroup rate strategist Jamie Searle noted in a report that short-term government bond yields could stay fragile until the Suez Canal’s reopening is fully clarified. Searle also flagged that major central banks will hold policy meetings next week, which could amplify market volatility. The European Central Bank (ECB) could leave the door open to preemptive rate hikes, while the Bank of England (BoE) may strike a cautious tone and keep the option of resuming rate cuts down the line. “The bottom line: uncertainty gives the ECB reason to hold steady, but multiple preemptive rate hikes can’t be ruled out,” Searle said. (Source: FXStreet)

10 minutes ago

Strong Dollar, Rising Oil Prices Push Gold Lower for the Week

New York gold futures dropped below $5,100 an ounce on Friday, March 13, and are on track for a weekly decline this week. Pressure on gold prices stems from a stronger U.S. dollar, rising oil prices, and uncertainty over the Federal Reserve’s policy stance. An ANZ Bank analyst noted: “The U.S. dollar has strengthened amid its safe-haven appeal—especially as rising oil prices benefit the U.S., a net energy exporter. Market concerns about the Fed’s interest rate cut path are growing, and higher oil prices have raised the risk of renewed inflationary pressures.” (Source: FXStreet)

10 minutes ago

Bitget CFD contracts will undergo system maintenance from 14:00 to 16:00 on March 14th.

Bitget announced on March 13 that it will perform system maintenance on its CFD contract trading platform from 14:00 to 16:00 UTC+8 on March 14. During the maintenance, certain product functions will be temporarily unavailable. Users are advised to plan ahead based on their capital needs. For more details, please visit the official Bitget website.

10 minutes ago

Four addresses collectively withdrew 4.54 million TRUMP from Binance, equivalent to approximately $15.72 million

On March 13, per LookOnChain monitoring, three new wallets withdrew 2.54 million TRUMP tokens (valued at roughly $8.8 million) from Binance over the past 12 hours. Additionally, the whale address DNTpoX—which previously incurred a $15.68 million loss on MELANIA—withdrew 2 million TRUMP tokens (valued at approximately $6.92 million) from Binance over the past 6 hours.

10 minutes ago

Chinese Foreign Ministry: The Sixth Round of China-US Economic and Trade Consultations Will Be Held

On March 13, Chinese Foreign Ministry Spokesperson Geng Shuang held a regular press briefing, stating that a new round of China-U.S. economic and trade consultations will take place in Paris this weekend. When asked about the topics to be discussed and China’s expectations for the talks, Geng said: “China has already released information on the sixth round of China-U.S. economic and trade consultations, which you can refer to. For specific issues, please check with relevant Chinese authorities.” (CCTV News)

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