US Stock Futures Dive Further

On-chain analyst Ai Auntie (@ai_9684xtpa) noted on March 2nd that user folhas99 has held a 40x leveraged BTC short position since February 28th—when the market was trending downward. Currently holding 750 BTC (valued at ~$49.63 million), this is the top BTC position on Hyperliquid. Key details: - Entry price: $64,534 - Liquidation price: $70,730 - Unrealized loss to date: $1.187 million The user has set a limit sell order at $55,000, targeting profit if BTC drops another ~$11,000.

Amazon Web Services (AWS) announced on March 2nd that a data center in the United Arab Emirates (UAE) caught fire around 4:30 a.m. local time on March 1st. The blaze was sparked by a foreign object striking the facility, and it impacted the Availability Zone (AZ) with the code name mec1-az2. To support local fire departments in extinguishing the fire, the facility has been powered down. AWS noted that connectivity to the affected zone is expected to be restored within several hours. All other Availability Zones in the UAE remain operational.

March 2 (Xinhua) — ABC News reports that former President Donald Trump claimed all candidates he considered for Iranian leadership are now dead.

March 2nd: Trump Media & Technology Group is weighing spinning off its flagship social platform Truth Social into a publicly traded company—a move that could prioritize its crypto-focused ambitions. The firm announced Friday it’s in talks with energy fusion startup TAE Technologies and Texas Ventures Acquisition III for a potential deal, with the latter set to take control of Truth Social. The discussions stem from a merger agreement struck last December between Trump Media and TAE, a deal valued at over $6 billion. Post-merger, Truth Social may be spun off into a new public company called SpinCo, which would then merge with Texas Ventures III. SpinCo shares would also be distributed to Trump Media shareholders. Trump Media entered the crypto space in 2025, launching the fintech brand Truth.Fi to support its crypto products and services. In late September, it also established a Bitcoin treasury holding more than 11,500 bitcoins.

On March 2, Lookonchain monitoring data shows a newly created wallet "zt27jp" withdrew 947.31 million PUMP tokens (valued at roughly $1.86 million) from Bybit over the past two days.