UBS Warning: Gold Bull Market May Be Coming to an End

**March 31** Per HyperInsight monitoring (link: https://t.me/HyperInsight), the panic sparked by Google’s research paper continues to escalate—compounded by multiple geopolitical conflicts—pressuring the broader semiconductor sector. - Micron Technology (MU): Closed sharply down 9.9%, with an additional >2.3% drop in after-hours trading. - SanDisk (SNDK): Combined >9% decline in regular and post-market sessions. - NVIDIA (NVDA): Pulled back 2.4% intraday; the entire sector faced setbacks. Against this backdrop, the largest long whale—the *Continue Capital affiliated address* (holding heavy semiconductor positions in NVDA and MU)—at one point saw two of its long positions near liquidation thresholds. Its positions were just 1.6% away from liquidation at the low, making it the closest such address to liquidation among whales with >$1M in holdings. Total floating losses have widened to $2.32M, while the address still holds $13.1M in unclosed long positions: - 5x leveraged

On March 31st, decentralized derivatives trading platform EdgeX has rolled out its EDGE airdrop query page, with token trading set to go live at 8:30 PM ET today, per the official website.

On March 31, FTX founder Sam Bankman-Fried (SBF) said in a social media post that the Chief Justice of Delaware has recused himself from three cases over alleged bias—specifically, the justice is accused of liking a LinkedIn post about the defendant in those cases losing another proceeding. Meanwhile, Judge Kaplan of the U.S. District Court for the Southern District of New York continues to preside over SBF’s case. Reports indicate the judge has not hidden his contempt for SBF from the jury; many reporters are unaware if this practice is permitted. He has provided the jury with pizza multiple times and offered rides home on the condition they reach a unanimous verdict within five hours. Before the verdict, he also joked: “God knows there’s enough evidence of fraud.” SBF argued Judge Kaplan should recuse himself from his case, just as he should have recused himself from former President Trump’s case.

March 31st — Per Hyperinsight monitoring, U.S. major stock index futures rebounded nearly 1% on news that former President Trump is considering withdrawing troops without resolving the Strait of Hormuz blockade. S&P 500 contracts on the Hyperliquid platform briefly rose above $6,410 and were last trading at $6,398. During the modest market recovery, veteran crypto trader Ray (X handle: 0xRay518) opened a 20x leveraged short on the S&P 500 after it surged above $6,400, then added to the position at $6,410. His position now totals $9.35 million, with an average entry price of $6,405, $10,000 in floating profit (2.1%), and a liquidation price of $6,660. Ray currently holds the largest S&P 500 short position on Hyperliquid.

Despite the weak market, Tron's TVL has grown 11.32% over the past month, and it leads all chains with 2.62M active addresses (24h) and $1.06M in 24h chain fees.

Binance Leveraged Tokens (BLVT) will add cross-margin trading pairs for APT/U, ENA/U, FET/U, NIGHT/U, TRUMP/U, WLD/U, and TRUMP/USD1 on March 31, 2026, at 23:00 UTC+8, per an official announcement.