According to DB News, the DOJ is cleared to sell 69,370 $BTC($6.58B) confiscated from Silk Road.

March 8 — Prediction market Kalshi is facing a class-action lawsuit over settlement issues tied to Iran war-linked prediction contracts, *The Information* reported. Plaintiffs allege the platform failed to pay appropriate bonuses to users holding relevant contracts, with the dispute centering primarily on the "Will Khamenei step down" event contract. Previously, Kalshi CEO Tarek Mansour publicly condemned profiting from individual deaths and stated fees tied to this event contract market would be refunded. The dispute arrives amid a surge in geopolitical prediction market trading volume — which at one point drew a large number of users — and has sparked ethical and regulatory debates over whether trading in war or individual death-related events should be permitted.

On March 8, The New York Post reported that Robert Kennedy Jr. has confirmed his 2028 U.S. presidential campaign. Previous public disclosures show he holds at least $1 million in Bitcoin and has no plans to divest the asset. Kennedy has publicly stated he is a vocal Bitcoin advocate, arguing that decentralization, Bitcoin’s supply cap, and hard assets like gold and silver can stabilize the U.S. dollar and curb currency devaluation.

March 8: Renowned analyst Willy Woo posted on X, noting that while Bitcoin faces local resistance near $75,000, investor capital inflows have been steadily recovering since mid-February. Meanwhile, the CBOE Volatility Index (VIX) — the market’s gauge of expected stock volatility — signals sentiment could shift to “risk-on” in the coming weeks. Woo pointed out Bitcoin’s decline speed in the early stages of this bear market was “too rapid.” The current environment is setting the stage for a rebound that could test the ~$85,000 level (the cost basis for short-term investors), but this does not mean the market has bottomed out. From a long-term liquidity standpoint, Bitcoin remains in the mid-stages of this bear market. Historically, following such a rapid drop, prices typically enter a consolidation phase and retest key resistance levels multiple times during the rebound.

The Israeli military said on March 8 it had carried out strikes in Beirut targeting several key commanders of Iran’s Islamic Revolutionary Guard Corps (IRGC) Quds Force in Lebanon. (JS10)

March 8: Per Onchain Lens data, Sky Alliance Rune has opened 7x leveraged short positions on ETH and the Nasdaq 100, following its prior long positions in WTI Crude (CL) futures and Brent Oil. Additionally, the firm’s account still holds TWAP (Time-Weighted Average Price) orders and intends to continue accumulating four trading positions.

Early on March 8, Iran’s Islamic Revolutionary Guard Corps (IRGC) announced it had launched the 27th phase of “Operation True Promise 4.” In this phase, Iran used drones and missiles to target key Israeli domestic sites and some U.S. military bases in the Middle East. It also fired Katyusha rockets at the U.S. Embassy in Baghdad. Iran’s Secretary of the Supreme National Security Council, Larry Janni, stated: “Iran will punish Trump for the assassination of Supreme Leader Ayatollah Khamenei and will never let him escape. Iranian officials are unified on how to respond to U.S. and Israeli aggression.” According to Iran’s state television, Iran is prepared for at least six more months of war. Possibly in response to the developments, the cryptocurrency market has entered a downturn. Bitcoin briefly dropped below $67,000 early March 8 and was last trading at $67,321.42, down 0.81% over the past 24 hours. The total crypto market capitalization has fallen below $2.4 trillion, cur