Gate News bot message, according to Lookonchain, the largest on-chain oil short position holder (address 0x17c3) is now facing losses of $2.93 million as oil prices rise. The whale is closing part of his position to reduce losses. The new liquidation price stands at $111.85. Previously on March 11,

CZ responds to the Forbes billionaire list mention, expressing hope that a certain CEX's valuation will rise, but admits it's difficult to achieve during a crypto downturn. He promises not to short and continues to promote the development of cryptocurrencies.

Gate News Report, March 11 — Polymarket's 5-minute rise and fall crypto prediction market, launched less than a month ago, has become the platform's most popular market, with daily trading volume surpassing $60 million. The market offers 288 prediction windows per day, accounting for 67% of Polymarket's total trading volume across all crypto rise and fall prediction markets.

Iranian spokesperson announces end to reciprocal retaliation policy, shifting to sustained strikes, and warns that oil prices could rise to $200 per barrel. Meanwhile, market data shows a low probability of a US-Iran ceasefire, only 5% before March 15.

Gate News Report, March 11, market data shows a general rise in the GameFi sector. Among them, PIXEL is temporarily reported at 0.01521 USDT, up over 192% in 24 hours; Portal is temporarily reported at 0.01508 USDT, up over 28% in 24 hours; XAI is temporarily reported at 0.0142 USDT, up over 50% in 24 hours; SLP is temporarily reported at 0.000596 USDT, up over 10% in 24 hours.

According to Coinbob monitoring data, the price of CRCL (Circle) continues to rise, reaching a high of $121 today. Long address unrealized gains have increased to $460,000, with a holding size of $4.33 million. This address also holds EWY (Korean stock market ETF), with current unrealized gains of 26%.

Wall Street institutions are optimistic about the long-term growth prospects of stablecoin issuer Circle, predicting its stock price will rise by approximately 70%, with a target price close to $190. Analysts point out that as the application of stablecoins in financial activities expands, USDC's role in the global payment ecosystem continues to strengthen. At the same time, the programmable features of stablecoins and the development of AI technology may drive increased demand. Circle could benefit from the expansion of the digital dollar payment system and become an important part of the global financial system.

As competition in the global stablecoin market intensifies, Circle faces challenges from Tether and traditional financial institutions, but its advantages in compliance, partnerships, and technology remain promising. Research predicts that Circle's stock price is expected to rise, while USDC's growth trend and revenue are expanding rapidly. Circle is also exploring the integration of AI and blockchain in payment scenarios, and future competitive dynamics will depend on compliance capabilities and the expansion of its payment network.

Bitwise Chief Investment Officer Matt Hougan pointed out in a memo that Bitcoin's price could reach $1 million in the future. He believes Bitcoin is competing with gold for the position of digital store of value, especially against the backdrop of the expanding global store of value market. If Bitcoin captures 17% of the market share, its price is expected to rise significantly.