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

March 2: Witnesses report a massive explosion was audible in Dubai (UAE) and Doha (Qatar). (Kryptonite)

**March 2 Update** Per Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), whale address 0x610 has again attempted to go long on BTC in the past hour as its precious metals short positions expanded. This marks the address’s third long attempt in 28 days, and the move may be a short-term risk strategy to hedge physical gold using “digital gold.” The current position totals $2 million, with an average entry price of $66,200. **Three Days Prior (Feb 26)** At 10:00 PM ET, U.S.-Iran third-round Geneva talks kicked off, with gold hovering around $5,200 per ounce. As global funds flocked to safe-haven assets, the address flipped to short GOLD (gold mapping contract). **Feb 28 Developments** News of a U.S.-Israel joint airstrike broke, triggering a short-term gold surge that incurred losses on its gold short. Later that day, the address added to its gold short and opened a new short on SILVER (silver mapping contract), doubling down on bets safe-havens would retreat.

March 2: Per LookOnChain data, a new wallet labeled "Dafiiii-1772416838078" has spent $27,473 on Polymarket placing bets on two predictions: - The Iranian regime will collapse by either March 31 or June 30 - Naim Qassem will step down as Hezbollah secretary-general by March 31, 2026

**March 2nd – Ahead of Monday’s U.S. stock market open, former President Trump delivered a televised speech declaring: “The U.S. military will continue striking Iran until its objectives are met.”** This hawkish statement pushed U.S. stock index futures lower, signaling a high likelihood of a downbeat open for Monday. Meanwhile, analysts weighed in on the geopolitical conflict’s impact on U.S. equities, as summarized by BlockBeats: Bloomberg Intelligence’s Adam Hetts and Janus Henderson noted current market pricing frames the U.S.-Iran situation as a **“limited conflict.”** The impact is manageable unless the tension drags on, but volatility is set to rise this week. Wall Street, meanwhile, is shifting to a **“safety first, ask questions later”** strategy. John Briggs added the attack’s scale exceeded expectations, prompting some investors to sell stocks and rotate into bonds, gold, and the Swiss franc. A Citigroup equity strategist said in a client report the Iran situation’s over

March 2nd, Bloomberg columnist Javier Blas noted that the Iranian attack’s impact on oil prices was severe, though not disruptive. Blas pointed out the market’s top concern: whether both sides will target energy infrastructure or shut down oil shipping routes. Neither has happened yet—at least not so far. While fears lingered that Iran could torch the Middle East’s energy sector (targeting oil fields, refineries, and export terminals), Tehran hasn’t weaponized oil. Israel and the U.S. also haven’t targeted Iran’s oil infrastructure. Analysts say oil prices will spike—but even the most bullish traders are only talking about a possible $100 per barrel, far below the $139 hit after the 2022 Russia-Ukraine conflict and the 2008 record of $147.50. Given that, this Middle East crisis isn’t likely to spark an oil shock. Moreover, while the physical oil market is weak, the financial oil market has been bullish—snapping up crude in anticipation of higher prices. A year ago, Israel and

March 2nd — Onchain Lens data shows a crypto whale shifted to spot trading after incurring a $3.47 million loss, spending $3.69 million in USDC to purchase 115,435 HYPE at an average price of $32.