On March 12th, Gate Research Institute noted that the volatility of traditional assets such as gold and crude oil reached new highs, at 33% and 108% respectively. In the crypto assets sector, the implied volatility of BTC and ETH is also high. Recently, the market has been dominated by put options, but the demand for hedging has weakened, and short-term price fluctuations may be influenced by Gamma effects. Gate has also launched gold and crude oil options, marking the first introduction of traditional assets.

Gate News Report, March 12, international spot gold prices fell by $50 during the day, currently at $5125.92 per ounce, a decrease of 0.97%.

On March 11, Hyperinsight showed that the short positions on major commodities such as gold, silver, and crude oil on the Hyperliquid platform each exceeded $10 million. The largest short position in gold reached $27.4 million, while short positions in silver and crude oil were $12.9 million and $25.6 million respectively. The overall unrealized losses and gains varied, reflecting different market strategies for trading commodities.

Gate News Report, March 11 — According to Arkham monitoring, Antalpha recently transferred $15 million worth of XAUT to Cobo. It is reported that Antalpha previously purchased $241 million worth of XAUT at an average price of $3,693, equivalent to over 1.8 tons of physical gold bars. Currently, this investment has already yielded a profit of over $100 million.

Since the beginning of this year, the total value of tokenized real-world assets on public blockchains has increased by approximately 66%, reaching $23.6 billion, of which tokenized funds account for 44.5%, mainly including U.S. Treasury bonds and bonds, with tokenized gold and commodities totaling about $6.5 billion.

Gate News Report, March 11 — Gold prices declined in early trading but remained around $5200 per ounce as investors digest mixed signals from the Middle East conflict. On the previous trading day, gold prices rose due to a softer dollar and falling oil prices easing inflation concerns. ANZ Bank analysts stated, "However, ongoing developments continue to cast a shadow over the prospect of a rate cut in the United States. This has led investors to continue withdrawing gold from gold ETFs (Exchange-Traded Funds)." Traders are currently awaiting the release of U.S. inflation data tonight to seek more clues about the interest rate outlook.

Since the conflict between Israel and Iran, XRP has outperformed traditional safe-haven assets, rebounding to $1.40 with an increase of approximately 2.22%. In comparison, gold and silver have seen limited gains, while the S&P 500 index declined by 1.1%. XRP's resilience is attributed to the overall recovery of the crypto market, demonstrating the potential value of digital assets during times of risk.

The on-chain financial market platform Theo launches gold-backed interest-bearing stablecoin thUSD and establishes a $100 million pre-deposit pool, which has currently reached 89%. Users can deposit USDC or thBILL on Ethereum, Arbitrum, and Stable Chain. The activity lasts for 6 weeks, with an expected annualized return of approximately 8.3%.

BlackRock stated that despite fluctuations in the precious metals market, the bull market for gold and silver will continue. The main driving factors include increasing government debt, geopolitical uncertainties, and growing industrial demand. It is expected that gold and silver will help diversify risk in investment portfolios.

Ghana Securities and Exchange Commission designates 11 companies to participate in the virtual asset trading pilot, which lasts for 12 months. Participants include 5 exchanges, 3 asset tokenization companies, 1 tokenized gold company, 1 payment system company, and 1 custodian. Those who meet the requirements can obtain an official license.