Hyperliquid announced the official launch of HIP-4 on the testnet on March 11, introducing the first batch of cyclical binary options markets based on HyperCore's spot prices. The contract is fully collateralized, featuring nonlinear payoffs and expiration characteristics. Future plans include launching one-day expiration markets for BTC and HYPE, as well as multi-outcome markets. The network upgrade will expand the scope of portfolio margin applicability and set limits on the supply and lending of USDH.

Gate News Report, March 11 — According to on-chain analyst Yu Yan's monitoring, a whale opened a long position of 20,000 ETH at a price of $2003 on March 9 (the day before yesterday), with a total value of $40.9 million. It was closed earlier today at a price of $2045, resulting in a profit of $850,000. Currently, this address still holds a long position of 600 BTC (worth $42 million), as well as 10,158 ETH spot bought yesterday (March 10), valued at $21 million.

The AI platform for lawyers, Legora, completed a $550 million Series D funding round on March 10, with Accel leading the investment and several well-known investment institutions participating. Legora focuses on integrating into clients' workflows and currently has 800 law firms using its platform. It plans to open more offices in the future, with a total staff expected to exceed 300 people.

Nscale announces the completion of a $2 billion Series C funding round, valuing the company at $14.6 billion, setting a record in European history. The funding was led by Aker ASA and 8090 Industries, with participation from several well-known investors. At the same time, new board members were announced. Despite the good news of funding, the progress of Nscale's flagship project in the UK remains uncertain, as the government stated that the investment commitment is not an official contract.

On March 10th, the Zcash ecosystem secured $25 million in funding, attracting several well-known investment institutions, which contributed to approximately a 10.9% increase in ZEC price. The funds will be used to expand the engineering team and accelerate protocol development. Despite the funding boost boosting market confidence, ZEC's decline in early 2026 still exceeded 57%. Long-term support will depend on the practical application of privacy technology and market demand.

Nvidia plans to launch the open-source AI agent platform NemoClaw, driving the rise of AI-related crypto assets. Several AI tokens have performed well, with an overall increase of approximately 4.8%. NemoClaw will assist companies in developing intelligent agents, integrating security and privacy tools, and is expected to further promote collaboration at the upcoming developer conference.

On March 10th, the overall crypto market rose, with DeFi performing particularly well, up by 4.55%. Bitcoin approached $70,000, and Ethereum broke through $2,000. Multiple sectors saw gains, notably Hyperliquid and Pudgy Penguins with significant increases. The overall crypto index also performed well.

Token2049 Dubai will be held as scheduled, with registration spots nearly sold out. Despite escalating conflicts in the Middle East and some events being affected, the event still attracts many well-known guests and is expected to draw over 15,000 attendees.

This week will release the US February CPI and unemployment data, as well as the January PCE Price Index. Meanwhile, US and Israeli military actions may impact oil transportation through the Strait of Hormuz. The implied volatility of major maturities has risen significantly, with BTC short-term IV exceeding 65%, ETH short-term IV exceeding 80%, and the skew indicator declining.

From 00:00 to 00:15 (UTC) on March 9, 2026, the AVAX price experienced a rapid surge, with a return of +0.76%. The price ranged between 8.815 and 8.885 USDT, with an amplitude of 0.79%. At the same time, trading volume significantly increased during this period, market volatility intensified, short-term trading became active, and market attention was heightened. The main driver of this anomaly was the ongoing fermentation of the news announced by Avalanche on March 8, about a liquidity staking partnership with a well-known DeFi protocol. The market