Geopolitics

PANews March 3 News, according to Cointelegraph, the "Strategic Bitcoin Reserve Act" in Tennessee has been recommended for approval and has been submitted to the Finance, Fundraising, and Means Committee for review. If the bill is passed, it will allow the state treasurer to allocate up to 10% of public funds to Bitcoin.

Dubai Gold Air Transport Hub flights suspended, Iran closes the Strait of Hormuz, leading to a sharp rise in oil prices and increased inflation expectations. Institutions favor gold, but rising oil prices may suppress gold prices. In the crypto market, BTC fluctuates between 69,500 and 70,500, with market focus on short squeeze and liquidity changes. Overall, macro volatility has increased, and BTC remains within the range, trading sideways.

In the past week, approximately 472 million XRP tokens flowed into exchanges, breaking the net outflow trend seen for several months and reflecting a defensive stance among holders amid geopolitical uncertainties. Although large inflows are generally seen as a warning sign of selling, they could also be a hedge. On the technical side, $1.30 is a key support level; if broken, the price could accelerate downward to $1.12. The resistance levels above are $1.50 and $1.61.

The "21st Century Housing Roadmap Act" proposed by the U.S. Senate includes a provision that bans the Federal Reserve from issuing Central Bank Digital Currencies (CBDC), with the ban remaining in effect until 2030. The bill aims to reduce housing costs and support the development of private stablecoins. The White House has expressed support for the bill, emphasizing that preventing CBDC development is a current policy priority. Bipartisan lawmakers have reached a consensus on this issue, making it a cooperative clause that can transcend party divisions.

ChainCatcher Message: "1011 Insider Whale" GarrettJin posted on X platform stating that the current market transmission path is influenced by geopolitical impacts on the macro environment, which in turn further affects the crypto market. He pointed out that attention should be focused on indicators such as oil prices, the US dollar index, and the yields of 2-year and 10-year US Treasury bonds. GarrettJin believes that the crypto market is still in a range-bound consolidation phase and states that maintaining caution is a common choice in the current environment.

The deadline for the White House's stablecoin legislation CLARITY has passed, but progress has stalled due to the crypto and banking industries failing to reach a consensus on stablecoin yields. The banking sector is concerned about outflows of customer funds and strongly opposes stablecoin reward arrangements. If legislation cannot be enacted in the future, it could trigger market uncertainty and impact the inflow of crypto funds.

The article discusses a significant increase in Iranian cryptocurrency outflows, rising by 700% following US-Israeli airstrikes, highlighting the impact of geopolitical events on crypto markets.

Bitcoin briefly declined in the US following news of strikes against Iran, but then rebounded, with trading prices surpassing pre-attack levels, indicating the market's low sensitivity to risk. After a significant correction, Bitcoin consolidated in the $60,000 to $70,000 range, retail participation decreased, and overall inflows weakened, resulting in a smaller impact from the new shock.

The UK Gambling Commission plans to explore crypto payments to combat illegal gambling activities and promote digital transformation. The commission is working with the Financial Conduct Authority (FCA) to implement a compliance framework by 2027, requiring operators to adhere to strict eligibility testing. This move aims to improve market efficiency, crack down on black markets, and protect consumers, establishing a safe and legal gambling environment.

Analysts and mining operators say that military actions by the US and Israel against Iran will not have a significant impact on global Bitcoin mining hash rate, as Iran's actual share of the global hash rate is less than 1%. Claims circulating on social media about a 5% collapse in Iran's hash rate are considered to be seriously exaggerated. The market impact stems from risk sentiment and geopolitical uncertainty rather than hash rate disruptions. Iran's crypto activities are limited by unstable electricity supply and complex regulations, leading to a 700% increase in capital outflows.

Bitcoin has recently rebounded strongly, reaching $68,990, with MicroStrategy increasing its Bitcoin holdings to over 720,000 coins. Nasdaq plans to launch binary options contracts to enter the prediction market. Additionally, the market is affected by tensions between the US and Iran, with investor sentiment leaning towards caution. Future data, including economic indicators from the Eurozone and the United States, will become the focus of attention.

President Trump issues a "tremendous" warning about U.S.-Israel military actions, causing extreme volatility in global markets: gold and silver are being sold off massively, while Bitcoin and Ethereum are rising against the trend, with the crypto market cap increasing by approximately $100 billion. Trump's remarks indicate that larger military actions may be forthcoming, and market volatility is unlikely to subside in the short term.

After the United States and Israel launched airstrikes on Iran, the assets withdrawal volume of Iran's largest cryptocurrency exchange Nobitex surged by 700%, with the highest single-hour outflow approaching $3 million. However, due to strict internet blockades, the outflow quickly declined. Two major forensic agencies have differing opinions on the reason for the capital outflow: Elliptic considers it a sign of capital flight, while TRM Labs believes it is a blockade effect causing market activity to stagnate. The Iranian public has long relied on cryptocurrencies to cope with financial sanctions and banking system crises.

Bitcoin faces mounting pressure from escalating geopolitical tensions, yet Bitwise says extreme risk spikes have historically preceded strong medium-term gains, positioning the cryptocurrency for a potential rebound as macro liquidity and inflation dynamics evolve. Bitwise Emphasizes Bullish

U.S. crypto regulation is under active legislative debate as lawmakers push the Clarity Act, with Ripple CEO Brad Garlinghouse and White House crypto czar David Sacks actively advocating for the bill’s advancement amid ongoing negotiations. White House Adviser Brokers Fragile Truce Between Wall

Gate News bot message: According to Israeli media reports, Israel launched a preemptive strike against Iran. This news was released by DB.

Gate News bot message: According to Reuters, a commander of the Iranian Revolutionary Guard announced that the Strait of Hormuz has been closed, and Iran will set fire to any ships attempting to pass through. The Strait of Hormuz is a critical global energy transportation route, and this move has attracted market attention.

_Michael Saylor’s Strategy buys 3,015 BTC for $204M, extending its streak to 10 weeks as Bitcoin holds above $65K amid U.S.-Iran tensions._ Michael Saylor Buys 3,015 BTC as War Fears Shake Markets, as Strategy added more Bitcoin while global tensions weighed on risk assets. The purchase came a

Key Insights Bitcoin dropped to $63,000 as U.S.-Iran strikes triggered rapid risk-off flows across digital asset markets within hours of confirmation. The total crypto market cap fell to $2.21 trillion, reflecting a 5.49% daily contraction amid heightened volatility and reduced