A certain whale with 30x leverage foresaw a 100-point drop in the Nasdaq, holding a short position of $1.04 million.

March 11th: UBS Group Chief Economist Paul Donovan said the U.S. February consumer price index (CPI) — though released before recent market turmoil — remains key to the Federal Reserve’s policy decisions. He expects today’s data to show moderate inflation pressures, adding the Fed should only act on broad-based price hikes. Donovan stressed the Fed has no policy tools to tackle isolated market disruptions. He also noted a nearly 27% jump in gasoline prices from January’s low won’t appear in today’s data, but consumers are seeing higher costs for some grocery items. (FXStreet)

March 11 – Per Hyperinsight monitoring, following the announcement that G7 leaders would hold a conference call at 8:00 AM this morning, four multi-million-dollar long positions in WTI crude oil (CL) have emerged on Hyperliquid. Average entry prices for these "whale" positions cluster in the $83–$84 range, with one address starting with 0x519 opening a $2.07 million long position in the past hour alone. As oil prices climb, CL on Hyperliquid is currently trading at $86.3, leaving all four whales with substantial unrealized profits. On the news front: Wall Street News reports that in the past hour, the International Energy Agency (IEA) plans to release 400 million barrels from its strategic reserves. The G7 group also stated it "principally supports the use of strategic oil reserves." Earlier this morning (8:00 AM), it was reported that G7 leaders will hold an emergency conference call at 22:00 Beijing time to discuss the Iran crisis and surging energy prices.

March 11 – Lido announced Wednesday that a configuration error in Aave’s CAPO oracle led to the liquidation of wstETH in E-Mode, resulting in an approximate 345 ETH loss. Notably, no bad debt was incurred, and all affected users will receive full compensation. The issue stemmed from a mismatch between the wstETH:USD price boundary quoted by the CAPO oracle and the price used by the Aave market, which triggered the liquidation mechanism. Lido emphasized the error is unrelated to wstETH’s underlying asset or the Lido protocol itself, and is isolated to the CAPO oracle’s market price reference. The problem has been promptly identified and rectified to prevent future incidents. Additionally, Lido’s Earn products—including stRATEGY and GGV—were unaffected by the liquidation, with user funds remaining secure. Aave and Lido will continue to closely monitor market conditions to safeguard user assets and update risk control measures as needed.

On March 11, Axios reports that Anthropic is expanding its footprint in the U.S. capital ahead of the U.S. midterm elections. The AI firm plans to triple its policy team’s size and open a permanent Washington office this spring, to support long-term engagement with policymakers and think tanks. Newly appointed Anthropic Head of Public Policy Sarah Heck said: “AI development is outpacing every prior technology, and the window to get policy right is shrinking.” Heck succeeds co-founder Jack Clark and will report to President and Co-founder Daniela Amodei.

On March 11, Nomura Securities noted that the Bank of England (BoE) is set to cut interest rates by 25 basis points in April and July—revising its prior forecast that had projected rate cuts in March and June. (FXStreet)

March 11th — International oil prices rebounded, per Hyperinsight Monitoring data: WTI crude surged over 6% to $88.6/bbl; Brent crude climbed more than 5% to $92.44/bbl. Hyperliquid’s contract prices tracked the gains: its CL (WTI) contract traded at $88.2, while BRENTOIL (Brent) was at $89.7. Despite the modest price recovery, the platform’s funding rate remains negative, signaling lingering bearish market sentiment overall. Notably, among Perp DEX platforms offering CL contracts, Pacifica’s funding rate is positive — a 0.0035% spread from Hyperliquid’s rate.