The US-Iran conflict triggers a decline in the US stock market, with the Dow Jones dropping 1.15%

Asia's stock markets experience their worst decline in years! Japan and South Korea indices plunge 6%, oil prices break through $110.

As Iran's military conflict escalates, Asian stock markets experience their worst decline in years. The Nikkei and South Korea's Kospi indices both fell over 6%, as market concerns about overlooking disruptions in energy supply increase. The US dollar rose due to safe-haven demand, while gold declined amid rising interest rate expectations. Cryptocurrencies also declined, reflecting the complex challenges facing the market.

Oil prices surge 30%, triggering a chain of liquidations: Hyperliquid oil shorts wiped out, nearly $40 million evaporated instantly

The worsening situation in the Middle East has caused significant fluctuations in the global energy markets, with crude oil prices soaring by 30% at one point. The crypto market was affected, with the Hyperliquid platform experiencing liquidations of nearly $40 million, resulting in severe losses for short positions. The escalation of geopolitical risks in the Middle East and conflicts between Iran and Israel are the main reasons, while traditional energy markets also reached historic highs.

Bloomberg Strategist: Crypto Market Decline Could Signal the Start of a "Deflationary Domino," Iran Situation May Trigger Recession in the US

Bloomberg Intelligence's Mike McGlone analyzes the current market, pointing out that the Iran situation could trigger a recession in the U.S. economy. The market's high valuations and low volatility warrant caution for potential turning points. He believes that the decline in crypto assets marks the beginning of deflationary effects, and rising oil prices could trigger an economic downturn. At the same time, he predicts that U.S. Treasury bonds will become the main source of excess returns in the future, and currency price fluctuations will impact the stock market.

Last week, Bitcoin spot ETF saw a net inflow of $568 million, and BlackRock IBIT had a net inflow of $660 million.

Last week, Bitcoin spot ETF net inflows reached $568 million, with BlackRock's IBIT leading with a weekly net inflow of $660 million, bringing the total historical net inflows to $62.47 billion. Fidelity's FBTC experienced a net outflow of $153 million. The current total net asset value of Bitcoin spot ETFs is $87.07 billion.

Last week, Ethereum spot ETF saw a net inflow of $23.56 million, with BlackRock's ETHA experiencing a weekly net inflow of $133 million.

According to Gate News, as of March 6th, Ethereum spot ETFs saw a net inflow of $23.56 million last week, with BlackRock's ETHA performing notably, with a weekly net inflow of $133 million. Grayscale Ethereum Mini Trust had a weekly net inflow of $84.18 million, while Fidelity's FETH experienced a net outflow of $218 million. Currently, the total net asset value of Ethereum spot ETFs is $11.28 billion.

Last week, SOL spot ETF had a net inflow of $24.05 million, while XRP spot ETF experienced a net outflow of $4.0855 million.

According to Gate News, on March 9th, last week, SOL spot ETF had a net inflow of $24.05 million, mainly contributed by Bitwise ETF BSOL with $33.94 million; XRP spot ETF experienced a net outflow of $4.0855 million. The total assets under management reached $807 million.