Global Markets

Trump stated that the U.S. military currently has no plans to deploy ground troops, mainly conducting airstrikes, and has destroyed over 3,000 Iranian military targets. Market risk aversion has increased, with Bitcoin dropping to $67,000. The fighting continues between both sides, and Iran has vowed to retaliate.

On-chain analyst Garrett Jin pointed out that historically, oil supply shortages have been associated with rising oil prices, with a potential supply shock of about 15% in the Strait of Hormuz. If market expectations change in duration, it could lead to more capital entering the market, further driving up oil prices.

Bitcoin Treasury Company Strategy Director Chaitanya Jain revealed that in the first two months of 2026, approximately $4.3 billion was invested to purchase 48,000 Bitcoins, far exceeding the $300 million spent in all of 2022. Jain stated that this large-scale institutional buying will change the structure of the Bitcoin market.

The global crypto market is notably bearish, with a 2.93% drop in market capitalization to $2.32T. Bitcoin and Ethereum saw decreases of 3.07% and 4.01%, respectively. Meanwhile, notable gainers include $XBTC, $TRUMP, and $PEPE. DeFi TVL and NFT sales also declined significantly, while key investments from YZi Labs and Kazakhstan's central bank emerged.

Bitcoin ETFs experienced a significant withdrawal of $348 million amid declining institutional demand, reflecting a bearish sentiment in the market. Despite these outflows, BlackRock's ETF maintained its dominance.

Kazakhstan’s central bank plans to invest up to $350 million in cryptocurrencies and related assets, focusing on high-tech firms and financial products. This initiative aims to diversify investments and is linked to the development of Alatau City, a future smart city.

Gate News Report, March 7, according to Farside monitoring data, U.S. Ethereum spot ETF has experienced a net outflow of $23.5 million this week.

Mexican billionaire Ricardo Salinas Pliego is heavily investing in Bitcoin, believing it can hedge against inflation and symbolize personal freedom. Robert Kiyosaki warns that a stock market crash is imminent and continues to increase his holdings in Bitcoin and precious metals, remaining confident. They both believe that Bitcoin has long-term value potential, and the current price dip is a good buying opportunity.

Citigroup is pushing for the banking of Bitcoin, planning to deeply integrate it into the traditional financial system, with institutional-grade crypto custody services expected to launch in 2026. By simplifying Bitcoin transaction processes and reducing operational friction, Citigroup aims to attract more institutions to adopt digital assets further. Additionally, the bank is exploring the applications of stablecoins and blockchain deposit tokens, hoping to provide traditional financial institutions with more convenient ways to utilize capital.

As geopolitical tensions in the Middle East escalate, Bridgewater founder Ray Dalio questions Bitcoin and reaffirms gold as the preferred safe haven. Nevertheless, gold prices fell accordingly, while Bitcoin only experienced a slight correction, indicating that the correlation between the two is weakening. Dalio doubts Bitcoin's transparency and future risks, but he still maintains a small allocation of Bitcoin for diversification.

A newly published patent by the DTCC reveals that digital assets like XRP and Stellar (XLM) could serve as liquidity tokens in a future blockchain-based financial system. It outlines a framework for seamless asset transfers across various blockchain networks, enhancing traditional financial infrastructure.

The Reserve Bank of Australia’s Project Acacia successfully tested blockchain through 19 real transactions using Hedera technology. This initiative explores various tokenization use cases, signaling a potential shift in modernizing financial markets and enhancing efficiency.

Citi is advocating for easier cross-border payments, aligning with Swift's new framework. By leveraging blockchain technologies, Citi aims to streamline international transfers, reduce costs, and enhance efficiency, signaling a shift in global finance.

According to SoSoValue data, the US SOL spot ETF experienced a net outflow of $8,225,500 on March 6, with the Invesco Galaxy Solana ETF recording a net inflow of $426,900, and the Fidelity Solana Fund ETF recording a net outflow of $4,997,400. Currently, the total net asset value of SOL spot ETFs is $807 million.

On March 6th, XRP spot ETF experienced a net outflow of $16,619,100. Among them, the 21Shares XRP ETF had a net outflow of $10,601,400. The total net asset value of XRP spot ETFs currently stands at $983 million.

March 6, 2026 9:15 pm EST

Cerebras Systems has selected Morgan Stanley as the lead underwriter for its initial public offering (IPO), with an expected raise of approximately $2 billion, potentially as early as April, and is preparing for meetings with analysts and investors.

On March 7th, Xinhua News Agency reported that the conflict between the United States, Israel, and Iran is affecting the Asia-Pacific region, leading to economic uncertainty and an energy security crisis. Multiple countries are calling for a halt to military actions. Southeast Asia faces trade disruptions and rising energy costs, with 64% of Malaysian companies affected. The IMF warns that the conflict will impact the global economy. Countries are actively responding, with ASEAN calling for a ceasefire and China intensifying diplomatic efforts.

This week, the US Bitcoin spot ETF saw a net inflow of $568 million, mainly from BlackRock's IBIT and several other funds, while Fidelity's FBTC and Grayscale's GBTC experienced net outflows.

US President Trump demands Iran's unconditional surrender, potentially prolonging conflict. This uncertainty has led to significant declines in cryptocurrency and major stock indexes, while gold and silver prices have seen slight gains.