Indiana State Senate Committee advances bill allowing state pension funds to invest in cryptocurrencies

Bitcoin briefly surged past $70,000 before falling back! Iran's capital outflow surged by 700%, VanEck calls it "building a bottom"

Bitcoin plunged and then rebounded after the US and Israel airstrikes on Iran, reaching a high of $70,110, currently around $68,500. Capital outflows from Iran's largest crypto exchange Nobitex surged by 700%, indicating that cryptocurrencies are becoming a channel for capital flight. VanEck's CEO believes the market is in a bottoming phase and remains optimistic about the future. Meanwhile, JPMorgan's Dimon warns of inflation risks, showing that geopolitical uncertainties continue to impact the market.

Cracking down on 71% of illegal gambling! The UK Gambling Commission is considering using crypto payments to bring black market activities back into the compliant system

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.

Iranian conflict does not shake Bitcoin mining hash rate; Iran accounts for less than 1% of global hash power.

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.

Gate Daily (March 3): MicroStrategy buys 3,015 Bitcoins on dips; Nasdaq enters prediction market

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.

Trump's "Tsunami" Warning Shakes the Market: Gold and Silver Evaporate 1 Trillion, Crypto Market Cap Rebounds by 100 Billion

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.

Iran airstrikes trigger 700% outflow of cryptocurrencies, internet blackout suppresses capital flight

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.