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March 2, 2026 05:54:42 UTC
UAE Shuts Stock Markets Amid Rising Iran Tensions
The UAE stock markets have been temporarily shut following rising tensions linked to Iran. The Dubai Financial Market and the Abu Dhabi Securities Exchange will remain closed on March 2 and 3, according to local reports. While officials have not described the move as a panic response, the rare closure signals that the regional conflict is beginning to affect financial systems. Investors across global markets are now watching the situation closely for any further impact.
March 2, 2026 05:52:11 UTC
Whale Swaps ETH for Tokenized Gold, Takes $60K Loss
A crypto whale has swapped 1,000 ETH worth about $1.94 million for 358.49 XAUT at an average price of $5,413, booking a loss of over $60,000 on the trade. On-chain data shows the wallet accumulated 1,645 ETH for roughly $3.26 million over the past two years and still holds 645 ETH valued near $1.25 million. The move suggests a shift toward tokenized gold exposure as some large holders rebalance during ongoing market uncertainty.
March 2, 2026 05:37:30 UTC
Bitcoin May Be Undervalued as Gold Surges
Bitcoin is currently trading 24%–66% below its historical trend compared to gold and global money supply, according to Samson Mow, CEO of Jan3. He believes gold looks overextended at current levels. April gold futures closed at $5,247.90 on Friday, while tokenized gold PAX Gold traded above $5,360 at the time of writing. Mow said the widening gap could signal a potential Bitcoin reversal ahead.
