The largest short holder in cash:EWY (iShares Korea ETF mapping contract) on Hyperliquid, address 0x65c1, cut its position by about $1 million since early March 4, leaving a remaining short worth $4.67 million, Coinbob Hot Address Monitoring data show. The address holds the short at an average entry of $128 with unrealized profit of $200,000 (36%) and liquidation price at $146, after opening a 9x leveraged short near $131 on March 3 and scaling to a peak notional of $5.67 million amid two consecutive South Korean stock market trading halts. The largest long in EWY, address 0x629a, holds a 20x leveraged long worth $5.86 million at an average price of $126 with unrealized losses of $210,000 (69%), opened on March 3 at 23:00.

Gold briefly spiked toward $5,418 before reversing into a more than 4% two-day drop, silver plunged nearly 8% in a single session, and Bitcoin round-tripped intraday losses following the February 28 U.S.-Israel airstrikes that killed Supreme Leader Khamenei, while the U.S. Dollar Index advanced 1.1%. In South Korea, the KOSPI opened March 1 after a three-day holiday break with a 7.24% slump erasing roughly $257 billion in market value, driven by margin calls on over 32 trillion KRW in loans, foreign net selling exceeding $3.5 billion, and sharp declines of nearly 10% in Samsung Electronics and 11.5% in SK Hynix. Chainalysis and Elliptic data show that during the Iranian rial's more than 30% year-to-date depreciation and a 700% spike in Nobitex withdrawal volumes at the onset of the strikes, significant crypto outflows moved to overseas exchanges and into USDT and USDC, underscoring that in acute crises crypto rails are being used primarily to access dollars rather than exit the dollar system.

Trump's comments about an impending "big fight" are raising expectations for potential Federal Reserve monetary easing that could support Bitcoin, Forbes reports. The Ethereum staking queue has climbed to a post-Proof-of-Stake transition high with approximately 3.4 million ETH awaiting inclusion. Hyperliquid's trading volume surpassed $11.5 billion over the weekend, while Bitwise's CIO said "on-chain finance" is set to advance. Additional developments include Taiwan authorities auctioning 24 seized luxury vehicles from Chen Zhi Taizi Group for roughly NT$93 million, HSBC's CEO stating the bank hopes to play a meaningful role after applying for a Hong Kong stablecoin license, Ark Invest increasing holdings of Coinbase and Robinhood following a price dip, the U.S. CFTC Chair confirming readiness to implement the CLARITY Act during Trump's presidency, and Korean stock market traders seeing long positions approach liquidation after a circuit breaker was triggered.

Cathie Wood's Ark Invest purchased $4.09 million in Coinbase stock and $12.06 million in Robinhood shares during a market dip. The purchases represent Ark Invest's increased exposure to both companies at lower price levels.

Hyperliquid recorded over $11.5 billion in combined trading volume on Saturday and Sunday, with the crypto perpetuals platform emerging as a key venue for real-world assets including crude oil and tokenized gold, Bitwise Chief Investment Officer Matt Hougan said. The surge of investors into platforms trading tokenized assets during the U.S.-Israel strike on Iran and the subsequent shutdown of major global stock markets has sharply accelerated expectations for "onchain finance," which traditional markets had been expected to adopt at scale in 5 to 10 years. Tether Gold's 24-hour volume climbed above $300 million, and prediction markets Kalshi and Polymarket also saw notable volume increases, with onchain finance becoming the center of the global financial market for much of Sunday based on trading data.

Bitwise Chief Investment Officer Matt Hougan said the expected 5 to 10 year timeline for large-scale migration of traditional markets onchain has been sharply accelerated after investors turned to tokenized assets during the period when the U.S. and Israel launched strikes against Iran and major global stock markets were closed, Odaily Planet Daily reports citing Cointelegraph. Crypto perpetuals venue Hyperliquid emerged as a key platform for trading real-world assets such as crude oil and tokenized gold, with combined trading volume surpassing $11.5 billion over Saturday and Sunday. Hougan noted that for most of Sunday onchain finance became the center of the global financial market. Data also showed 24-hour trading in Tether Gold, Tether's tokenized gold product, jumping above $300 million, while volumes on prediction markets Kalshi and Polymarket rose markedly over the same period.

The Indian rupee fell to an all-time low against the US dollar on [date], breaching the 92 level for the first time amid the ongoing US-Iran conflict. This marks the first time the currency has crossed the 92 mark versus the dollar.

Donald Trump said the GENIUS stablecoin law is being "threatened" by banks as Congress remains gridlocked on a market structure bill, while Rep. French Hill called on the Senate to consider the House's crypto legislation and TD Cowen analysts argued banks are likely to lose their battle over stablecoin yield. Visa and Stripe announced plans to roll out their stablecoin card issuance product to more than 100 countries, Crypto[dot]com introduced a US-based individual retirement account combining stocks and cryptocurrencies in one tax-advantaged account, and PayPal USD was selected to help expand TCS Blockchain's onchain trade-financing platform for the trucking sector. The CFTC signaled an upcoming rulemaking push on prediction markets, a16z Crypto updated its Jolt zkVM while criticizing loose industry use of the "ZK" label, YZi Labs invested $100 million in Hash Global's BNB-focused fund, and onchain data show the US government shifted about $23,000 in bitcoin from a wallet linked to funds seized from Miguel Villanueva. Coinbase CEO Brian Armstrong said SocialFi features in the Base App "didn't quite work," analysts lifted Circle's price target citing views that oil prices and interest-rate expectations could bolster stablecoin trading, and Ethereum cofounder Vitalik Buterin urged developers to build "sanctuary tech" instead of copying companies such as Apple or Google.

Mojtaba Hosseini Khamenei, son of Ayatollah Ali Khamenei, has been selected as Iran's next Supreme Leader following his father's death, Iran International reports. Iran's Assembly of Experts chose him as successor after Ali Khamenei ruled the country for 36 years. Iranian state-linked media have confirmed the leadership transition, with formal handover procedures currently underway.