Hyperliquid Surpasses $1 Billion in Total Revenue

March 6 — Bitcoin prices rebounded to $74,000 midweek before retreating, dropping roughly 3.7% over the past 24 hours to hover above $70,000. The CoinDesk 20 Index fell 3.5% over the same period. Analysts cite two drivers for the pullback: short-term traders locking in profits after the rebound, and escalating Middle East tensions pushing some capital into lower-risk assets. Derivatives market sentiment remains bearish, with funding rates staying negative — a sign traders are paying to keep their short positions open. Spot demand, however, remains intact: recent stablecoin inflows into exchanges hit a new high since 2026, and net flows into Bitcoin spot ETFs have turned positive again. Market participants note that historically, sustained spot accumulation paired with negative funding rates has often sparked a short squeeze — though the outcome this time is uncertain. Meanwhile, U.S.-Israeli strikes on Iran and retaliatory measures have disrupted oil shipments through the S

March 6: Federal Reserve Governor Waller said war is unlikely to trigger sustained inflation, noting that’s why energy prices are not factored into the Fed’s analysis. (Golden Ten)

March 6 — Bloomberg reports that amid the trading frenzy tied to the Iran situation, Polymarket — once hailed as a novel financial tool letting investors hedge geopolitical risks in real time — is now showing limitations in its Wall Street application. The outlet notes the prediction market has long told regulators and lawmakers its contracts help investors hedge economic and geopolitical risks. But in Iran-related trades, even as volume surged, the case did not serve as a "validation sample" of the platform’s value — instead, it’s a cautionary tale highlighting ongoing shortcomings in providing actionable signals for institutional investors.

**March 6 — Emirates, the world’s largest international airline, said Friday it expects to resume full route operations in the coming days as it recovers from a week-long shutdown triggered by a Middle East conflict-related airspace closure.** In a statement, the carrier noted commercial flight resumptions depend on airspace reopening and meeting all operational requirements. It added it carried around 30,000 passengers out of Dubai on Thursday. By March 7, Emirates will operate 106 daily round-trip flights to 83 destinations — making up nearly 60% of its route network. The Dubai-based flag carrier canceled thousands of flights earlier after Iran’s retaliatory strike prompted the United Arab Emirates to close its airspace, causing minor structural damage to its hub, Dubai International Airport. (Financialnews)

**March 6 –** Maritime traffic in the Strait of Hormuz has been severely disrupted amid escalating Middle East tensions, per vessel tracking data. No oil tankers transited the strait in the past 24 hours—only two general cargo vessels passed through, the data shows. One notable exception: the *Danuta I*, a U.S.-sanctioned liquefied gas supertanker that transports Iranian LPG. It crossed the strait in the early hours of local Friday, making it among the few vessels to navigate the waterway recently. Tracking records indicate the ship loaded cargo in the Persian Gulf before departure and had AIS signal glitches or transponder shutdowns mid-voyage—signs it may have tried to hide its route to avoid detection. The Panama-flagged *Danuta I* is owned by Ithaki Maritime and Trading, a firm with little public information and ties to a “shadow fleet,” sources confirm. Analysts warn that if the *Danuta I*’s passage goes unimpeded, more sanctioned or shadow fleet tankers could risk c

On March 6, Bitcoin payments firm Strike secured a BitLicense and money transmitter license from the New York State Department of Financial Services (NYDFS), enabling it to operate in New York—one of the most heavily regulated crypto markets in the U.S. With the licenses in hand, Strike can now offer a range of services to individuals and businesses in New York, including buying and selling Bitcoin, auto-converting wages to Bitcoin, and using Bitcoin balances to pay utility bills, credit card bills, and mortgages. The platform also supports dollar-cost averaging and price-triggered trading, and lets users convert up to 100% of their wages directly to Bitcoin—with no conversion fees on monthly wage amounts up to $20,000. Strike founder and CEO Jack Mallers noted that securing the BitLicense is a major milestone for the company, enabling it to bring Bitcoin financial services to New York—a global financial hub. Additionally, Strike plans to launch a Bitcoin-backed lending servic