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: A report released by American financial services company Northwestern Mutual shows that 32% of U.S. Generation Z prefer cryptocurrency investments. The report also notes that Generation Z's interest in sports betting and prediction markets is similar to their interest in cryptocurrencies.

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 Base ecosystem Meme coin MOLT reached a market cap of $12 million on March 11, then retreated to $7.6 million, a 260% increase, with a trading volume of $15.1 million. The recent surge was influenced by Meta's acquisition of Moltbook, but investors should be cautious of the high volatility and lack of practical applications of Meme coins.

The Fed Chair candidate nominated by U.S. President Trump, Kevin Warsh, faced resistance from Republican Senator Thom Tillis in Congress as he sought support, because he demanded that no personnel nominations be advanced until the investigation into current Chair Jerome Powell is concluded. Tillis emphasized the importance of maintaining the independence of the Federal Reserve and expressed concerns about market impact. Warsh faces uncertainty regarding confirmation.

Gate News Announcement: On March 11, a prediction market platform partnered with Palantir and TWG AI to jointly develop a monitoring system aimed at detecting suspicious transactions and manipulation in sports prediction markets. The system will utilize Palantir's data infrastructure and TWG AI's analytical tools to monitor trading activities, identify abnormal trading patterns, screen participants, and generate compliance reports that can be shared with regulatory agencies or sports leagues. This move comes at a critical time when prediction markets are facing scrutiny over insider trading allegations.

PlaysOut Platform (PLAY) surged 72.34% on March 11, with a market capitalization of $32.7 million. Its product architecture was upgraded to support various interactive entertainment forms, integrating AI stack technology to lower development barriers, and collaborating with mainstream exchanges to enhance liquidity. These measures have improved the platform's competitiveness and content richness.

On March 11, U.S. stocks closed lower, with the Dow Jones Industrial Average down 0.07%, the S&P 500 down 0.21%, and the Nasdaq up 0.01%. Cryptocurrency-related stocks generally rose, with DFDV up 12.63%. msx.com launched hundreds of decentralized RWA tokens, covering various U.S. stocks and ETFs.

Gate News Report, March 11, the midpoint rate of the RMB against the US dollar (the official exchange rate benchmark published daily by the People's Bank of China) rose by 65 basis points to 6.8917, appreciating to the highest level since April 25, 2023.

Gate News reports that on March 11, according to on-chain analyst Yu Jin's monitoring, a whale/institution withdrew 44,888 ETH from a CEX 9 hours ago, worth approximately $92.97 million, with a withdrawal price of $2,071. Subsequently, the whale dispersed these 44,888 ETH across two wallet addresses.