Geopolitics

A South Korean fraudster was finally deported after being declared dead seven years ago. The court revoked his missing person declaration, and his frozen assets of approximately $60,000 were used to compensate the victims. This incident exposed numerous flaws in the South Korean judicial system and sparked widespread criticism of digital asset management, prompting the government to undertake comprehensive reforms.

The new draft regulation from the Trump administration requires companies to obtain approval from the U.S. Department of Commerce before exporting AI accelerators. This has affected the stock prices of companies like NVIDIA and AMD, and has also put pressure on AI cryptocurrencies. The draft categorizes exports into different licensing regimes based on scale, which could lead to delays in data center construction, reshape the global AI chip landscape, and trigger geopolitical strategic competition.

The Russian Ministry of Finance is considering introducing a stablecoin bill, planning to regulate stablecoins separately to unlock their potential. Stablecoins currently have no legal status in Russia, but the central bank has created a related category, and some stablecoins can be used for cross-border payments.

Fintech company Revolut has submitted a national bank charter application to the Office of the Comptroller of the Currency (OCC) and the FDIC, planning to establish "Revolut Bank US, NA." This is its second attempt after being blocked in 2021, with the move to a federal application aimed at optimizing the regulatory framework and expanding business capabilities, such as direct access to payment systems and FDIC insured deposits. Revolut currently has over 70 million customers and operates in 40 markets.

The Australian Securities and Investments Commission (ASIC) has approved AUDC Pty Ltd to issue a regulated Australian dollar stablecoin on the XRP Ledger. This approval marks a significant step forward for Australia in digital asset regulation. Regulated stablecoins can help traditional financial institutions conduct compliant on-chain payments and cross-border settlements. The XRP Ledger is the preferred platform due to its real-time settlement, high throughput, and low costs, and is expected to attract more fintech companies into Australia's digital financial ecosystem in the future.

PsiQuantum's million-qubit facility in Chicago has officially broken ground. In collaboration with NVIDIA, they plan to build powerful quantum computers. The facility could challenge Bitcoin's encryption technology, sparking discussions on cybersecurity. Threat assessments of quantum computers show that early UTXO wallets are the most vulnerable, and some experts believe that quantum computers will not have a significant impact on Bitcoin within the next ten years. PsiQuantum emphasizes that they have no intention of attacking Bitcoin, but the risks of technological diffusion still need to be monitored.

PsiQuantum is building the world's first million-qubit quantum facility, expected to be operational by 2027. Quantum computers can theoretically crack Bitcoin encryption, but currently, the technology is not a threat. The community has proposed solutions to enhance resistance against quantum attacks. The risk of quantum attacks is controllable, and ongoing attention to technological developments is necessary in the future.

Bitcoin failed to continue its rebound, with the price around $70,810. Negotiations on the U.S. Digital Asset Market Structure Act have stalled, with banks opposing the approval of stablecoin yield products. Russia plans to introduce an independent stablecoin bill to legalize the related industry. Market conditions are affected by geopolitical tensions, with rising oil prices raising concerns and further impacting inflation and trade.

Gate News Bot Message, March 6th, according to CoinMarketCap data, as of press time, WAR (WAR) is currently trading at $0.04, up 61.98% in the past 24 hours, with a high of $0.05 and a low of $0.01. The 24-hour trading volume reached $21.6 million. The current market capitalization is approximately $37.6 million, an increase of $1.44 million from yesterday. WAR is a community-driven cryptocurrency project dedicated to building an active trading and community engagement platform within the Solana ecosystem. ## Important recent news about WAR: 1️⃣ **Prediction Market Popularity and Trading Activity Increase** Geopolitical events have become significant focal points in prediction markets, attracting substantial funds and participant engagement in related trading sectors. This market activity

Quantum computing company PsiQuantum has launched the construction of a million-qubit quantum computing facility in Chicago, with 500 tons of steel already assembled. The goal is to commercialize quantum computing and support next-generation AI supercomputers. Scientists warn that quantum computing could threaten Bitcoin's cryptographic security.

Bitcoin prices fluctuate due to escalating geopolitical tensions, dropping from $72,000 to $70,000 on March 6. Trump's tough rhetoric on the Iran situation, Iran's refusal to cease fire, and the U.S. military announcing increased strikes have heightened risk aversion. Market sentiment is divided, with some predicting Bitcoin will reach $80,000, but some analysts remain skeptical about a rebound. $72,000 is a key technical level; failure to break above it could lead to a drop toward $64,000.

The weekly net inflow into stablecoins has seen a strong rebound over the past week, as on-chain activity increased despite ongoing debates between U.S. lawmakers and banking groups about whether third parties should be allowed to pay interest on stablecoins. This is the information

The ongoing military actions by the US and Israel against Iran continue to impact the market. Oil prices surged, causing US stocks and Bitcoin to decline, but Bitcoin's decline was smaller, and it outperformed gold this week. Disrupted energy supplies have sparked inflation concerns, leading to simultaneous declines in stocks and bonds. Investors remain optimistic about cryptocurrencies, with significant capital inflows.

ChainCatcher reports that according to Gate Market Data, U.S. chip stocks are declining in the short term. Micron Technology fell 3.4%, AMD dropped 2.2%, and NVIDIA decreased by 1.8%. The news states that the United States plans to require a license for AI chip exports worldwide.

ZeroHash has applied for a national trust bank charter for digital asset custody and stablecoin services, while Revolut seeks a full U.S. bank charter to offer various financial services including crypto.

The Russian Ministry of Finance announced the promotion of a "Stablecoin Legislation," aimed at unlocking economic potential through a legal framework, promoting cross-border trade, and responding to international sanctions. The bill is expected to be submitted for review this spring, granting stablecoins legal status. Additionally, the authorities plan to strengthen regulation and hope to balance economic interests and security through the special legislation, marking a clear strategic shift by Russia in the digital finance sector.

The Russian Ministry of Finance is considering introducing an independent stablecoin bill to regulate fiat-backed digital assets, expected to be implemented outside the existing cryptocurrency regulatory framework. Stablecoins are seen as a tool to counter Western sanctions and may be used for cross-border payments in the future.

Reform UK, led by Nigel Farage, received a £3 million donation from crypto investor Christopher Harborne, enhancing its leading position in UK political funding. The party supports crypto initiatives, aiming to reshape the UK's digital currency landscape.

Author: Jae, PANews On March 4th, as the situation in the Middle East suddenly worsened, global financial markets instantly entered a "wartime state." For global investors, this was a trading day worthy of being recorded in history. Disruption of shipping through the Strait of Hormuz, a critical energy choke point, triggered a sharp surge in international oil prices. Panic quickly swept through traditional capital markets, and Asia-Pacific stock markets experienced an epic sell-off. KOSPI in South Korea plummeted 12% in a single day, marking the largest decline in history; the Nikkei 225 dropped 3.7%, its worst performance in five months; Middle Eastern local stock markets once tumbled nearly 5% amid a correction; major European and American stock indices closed lower across the board. However, an unusual phenomenon quietly emerged amid this sell-off. The crypto market, often regarded as "high risk, high volatility," which tends to be the first asset class to collapse during any geopolitical crisis, surprisingly held steady this time. Bitcoin experienced a brief panic

As the US-Israel coalition escalates actions against Iran, the country's "shadow economy" has once again come into focus. Iran is using cheap electricity to mine Bitcoin, stabilizing its currency and bypassing sanctions. Mining hash rate accounts for 2%-5% of the global total and is expected to create a $7.8 billion ecosystem by 2025. The stablecoin USDT is also used to stabilize the rial exchange rate, which has depreciated by over 96%. Additionally, during protests, the public has accelerated their shift to Bitcoin to protect assets.