Solomon: The market needs a few weeks to digest the Iran situation, and risk assets require higher premiums

Bitcoin hits $66,000 and struggles to hold steady; three Federal Reserve officials warn: Iran war makes rate cuts even more distant

Bitcoin once dropped to $66,140 before rebounding to $68,549. The market remains highly uncertain due to the Iran war. Federal Reserve officials warn of increasing inflation risks and suggest potential impacts on future monetary policy. Additionally, rising oil prices have strengthened the dollar, suppressing gold prices and dampening investor confidence.

SoFiUSD collaborates with Mastercard to become a global settlement stablecoin

SoFi Technologies expands its partnership with Mastercard to include its fully reserve USD stablecoin SoFiUSD as a global payment settlement currency. This collaboration aims to integrate SoFiUSD into traditional financial settlement systems and support real-time transactions and cross-border transfers, further promoting the use of stablecoins in the financial market.

Holding a 40% stake in Binance Japan! SoftBank's PayPay to go public in the US IPO, valued at $13.4 billion

Japanese payment company PayPay plans to go public in the U.S., aiming to raise $1.1 billion with a valuation of up to $13.4 billion. It has over 72 million users and is actively expanding into cryptocurrency. PayPay has partnered with Binance Japan to integrate payment infrastructure and blockchain technology, promoting Web3 development.

Gate Daily (March 4): Trump accuses banks of blocking the GENIUS Act; Mizuho raises Circle's target price to $100

Bitcoin (BTC) is priced at approximately $68,040, failing to continue its rebound. Trump mentioned that stablecoin legislation faces banking threats and called for advancing related bills. Mizuho Securities raised Circle's target stock price to $100, maintaining a neutral rating. U.S. stocks closed lower amid volatility due to the Middle East conflict, with investors concerned about geopolitical uncertainties.

Hong Kong teams up with the Shanghai government! Building a cross-border blockchain platform to promote digital trade and eBL pilot programs

The Hong Kong Monetary Authority and Shanghai have signed a Memorandum of Understanding to advance the Project Ensemble initiative, aimed at integrating the trade finance market and enhancing digital applications. This collaboration leverages blockchain technology to address trade data interoperability and financial services, while promoting Hong Kong's role as an international financial center. At the same time, Hong Kong is pushing forward digital asset policies and stablecoin regulation, with the goal of strengthening its digital economy and attracting overseas investment, gradually moving toward the machine economy era of 2026.

Why did Bitcoin drop today? Trump threatens to deploy ground troops, Iran conflict uncertainty prolongs

U.S. President Trump has shown a contradictory stance on military actions against Iran, making the market's assessment of conflict risk more difficult and leading to downside pressure on risk assets such as Bitcoin. Technical analysts warn that if Bitcoin cannot break through the key resistance level, it may fall below $60,000, triggering a chain of liquidations and further declines. Market uncertainty has increased, but analysts believe this is just a process of clearing out weak investors, and the bull market is not over.