Market Update - Monday, March 2

- U.S. stock markets are expected to open lower. Bitcoin has retraced to the $66K - $67K range amid new developments in the Iran conflict.
- Former President Trump stated that military action could last four weeks, aiming for regime change in Iran beyond just nuclear issues.
- Traditional investors are entering Hyperliquid to trade crude oil and gold due to the escalating conflict in Iran.
- X has lifted its ban on crypto advertising, but ads must be labeled as "paid." The ban remains in effect in the EU, UK, and Australia.
- Tether has frozen $4.2 billion in USDT linked to illegal activities over the past three years.
- Michael Saylor revealed that he continues to accumulate Bitcoin, with his strategy holding 717,722 BTC, valued at approximately $47.8 billion.

Upcoming Events:
- March 4, 20:15: ADP February private sector employment report (forecast = 49K, previous = 22K)
- March 6, 20:30: February Nonfarm payroll data
- Jobs added (forecast = 58K, previous = 130K)
- Unemployment rate (forecast = 4.3%, previous = 4.3%)

Token Unlocks:
- March 2: Ethena unlocks 40.63M [$ENA] (0.53% of circulating supply), valued at $4.21M
- March 6: Hyperliquid unlocks 9.92M [$HYPE] (2.72% of circulating supply), valued at $311.78M
- March 6: RedStone unlocks 40.85M [$RED] (16.13% of circulating supply), valued at $6.04M
- March 7: Optimism unlocks 19.5M [$OP] (0.98% of circulating supply), valued at $2.38M
- March 12: Aptos unlocks 11.31M [$APT] (0.69% of circulating supply), valued at $10.54M