Spot Gold Surges Above $5400/Ounce, 24-hour Gain of 2.38%

Iranian sources reported on March 2 (local time) that the U.S. Consulate in Erbil—capital of Iraq’s northern Kurdistan Region—has been “destroyed and rendered unusable,” CCTV News said.

Bitget Market Data (March 2): U.S. pre-market equity futures are trading lower: Dow Jones Industrial Average and S&P 500 futures are down ~1.4%, while Nasdaq futures are off ~1.8%. Crypto-related stocks are mostly in red territory, with pre-market moves as follows: - MicroStrategy (MSTR): -0.15% - Coinbase (COIN): -1.9% - Circle (CRCL): -3.28% - MARA Holdings (MARA): -1.68% - Riot Blockchain (RIOT): -2.7% - Bit Digital Immersion (BTBT): +0.74% - StrongNode (SNODE): -1.9%

On March 2nd, Arkham Monitoring reported that an address linked to F2Pool co-founder Wang Chun withdrew $67.5 million in Ethereum from Binance over the past two weeks. The address currently holds $150 million in Ethereum, which has been deposited into the AAVE protocol. Additionally, Wang Chun has deposited roughly $240 million in stablecoins into Binance over the past month and a half.

**Kobeissi Letter: US-Iran Conflict Won’t Trigger World War III; Market Should Tune Out Noise** The Kobeissi Letter, a prominent research institution, stated March 2 that the U.S.-Iran conflict will not spark World War III, urging markets to ignore current "noise." Oil prices have officially fallen below $70 per barrel, with only a 3.5% gain on the day the conflict erupted. S&P 500 futures dropped less than 1%, while gold rose just over 2%. Market participants should remain calm—"the dust will eventually settle," the letter noted. **Palantir Tied to AI Warfare, Potential Global Conflict Escalation** U.S. defense data analytics firm Palantir—founded by Peter Thiel—has been labeled a "sinister instigator" of potential World War III, as well as a key driver and potential beneficiary of modern algorithmic and AI warfare. Palantir executives have repeatedly discussed global conflict escalation risks, framing the company’s technology as critical to winning large-scale wars. In 2024

Local time March 2 — Israeli sources report the Israeli military is preparing for a possible ground offensive along the Lebanon border, aimed at establishing a front line. (CCTV)

On March 2nd, per Coinbob’s Popular Address Monitoring, at 16:23, the "pension-usdt.eth" address (0x0ddf...) opened continuous 3x leveraged BTC long positions around $65,691 per BTC. Its current position size has hit 263 BTC—roughly $17.4 million—and is still growing. Based on its recent trading activity, the position could reach 1,000 BTC once this round of accumulation wraps up. This address typically profits from swing trading, with a strategy centered on low leverage, short holding periods (average ~20 hours), and large positions in BTC and ETH. Since last October, its cumulative profits have exceeded $20 million.