News

PANews, February 1st – According to on-chain data monitoring, the whale "pension-usdt.eth" opened another 3x leveraged long position in Ethereum this morning, currently holding 30,000 ETH. However, the unrealized profit has dropped from nearly $1.2 million to about $300,000, with a liquidation price around $1,261.

Glonghui, February 1st｜Impacted by a global metals sell-off affecting local mining stocks, as well as intensified speculation over possible US-Iran-Israel military conflict, the Saudi stock market recorded its largest drop in nearly eight months on Sunday. The Riyadh Tadawul All Share Index plunged 2.6% intraday, marking the biggest single-day decline since mid-June last year. The strengthening of the US dollar late last week exacerbated the plunge in precious metal prices, with material producers led by Saudi mining companies dragging down the broader market. Gold posted its largest single-day drop in forty years last Friday, and silver also fell sharply. Capital goods companies and the banking sector also came under pressure, with geopolitical tensions becoming the main concern for the market. Among other markets in the region, Bahrain and Oman stock markets declined, while Kuwait and Qatar stock markets rose against the trend. Junaid Ansari, Head of Research Strategy at Kuwait's Kamco Investment Company, analyzed that the Saudi stock market's decline was mainly due to geopolitical tensions and profit-taking, while mining stocks fell due to the gold crash. Senior Iranian military officials once again warned over the weekend of possible attacks on Israel, and other Iranian officials have recently signaled preparations for potential attacks.

Reported by Bijie Network: According to Bijie Network and ME News, on February 1 (UTC+8), Fufuture officially received ENI Grant support, announcing that it has successfully obtained the official ENI Grant. This marks that Fufuture's exploration in decentralized derivatives infrastructure has been recognized and supported by the ENI ecosystem. This Grant will mainly be used for: • Supporting the integration of Fufuture contract protocol into the ENI public chain • Optimizing the on-chain derivatives trading experience and efficiency • Strengthening in-depth collaboration with ENI ecosystem projects. Fufuture will continue to focus on a fully on-chain, open, and autonomous coin-margined derivatives protocol, unlocking the true value of on-chain contracts for more assets and users. We thank the ENI Foundation for their trust and the community for their continued support. Stay tuned for more updates.