After Bitcoin Heist, South Korea's Finance Minister Vows to Reform Cryptocurrency Regulatory System

On March 2, London-listed tech firm The Smarter Web Company added 3 Bitcoin to its reserves, pushing total holdings to 2,692. The current quarter’s Bitcoin Reserve Yield stands at -1.00%.

As of March 2, Bitget market data shows spot gold has broken above $5,400 per ounce, posting a 24-hour gain of 2.38%. Spot silver is currently trading at $95.59 per ounce, up 1.96% over the past 24 hours.

March 2 — Iranian military reports three British, U.S. oil tankers attacked in the Persian Gulf and Strait of Hormuz (per CCTV News)

Bitcoin fell below $66,000 on March 2nd, per HTX market data, posting a 1.27% 24-hour drop.

March 2 (Bitget Market Data) — Three major Chinese oil companies hit their daily price limits collectively for the first time ever on Thursday. - PetroChina reached a nearly 11-year high, with a total market cap of 2.19 trillion yuan. - CNOOC hit a new high since its 2022 listing, valued at 1.88 trillion yuan. - Sinopec posted a new high since October 2024, with a market cap of 859.7 billion yuan. Escalating Middle East geopolitical tensions have lifted expectations for higher oil and commodity prices. Shipping data shows over 200 vessels are anchored in the Strait of Hormuz and adjacent waters, including oil and LNG tankers—some of which have been damaged in attacks along the Persian Gulf coast. Goldman Sachs estimates: - A $18-per-barrel risk premium for oil if Strait of Hormuz supply is fully disrupted for six weeks. - A roughly $4 premium if 50% of supply is disrupted over one month. Several institutions note that oil prices near $90 a barrel would force a reasse

**March 2 – The Hong Kong Monetary Authority (HKMA), Shanghai Municipal Bureau of Data, and China National Center for Blockchain Innovation today signed the HK-SH Cross-border Freight Trade and Financial Digitalization Cooperation Memorandum.** The agreement aims to deepen Shanghai-Hong Kong collaboration in digitalizing freight trade and finance, leveraging Hong Kong’s role as a “super-connector” and “super value-added enhancer” to boost internal-external connectivity, and support Shanghai in linking to the global data ecosystem via Hong Kong. Under the memorandum, the three parties will: - Conduct joint research on digital technology and application innovation; - Promote digital tech adoption in freight trade and finance; - Explore building a cross-border platform using digital tools; - Carry out cross-border financial cooperation under the Ensemble project; - Study the application of electronic bills of lading; - Integrate with commercial data exchange systems and