Due to the Iran situation, A-share PetroChina hit the daily limit-up intraday, reaching a market value near an 11-year high.

March 2 — Iranian military reports three British, U.S. oil tankers attacked in the Persian Gulf and Strait of Hormuz (per CCTV News)

Bitcoin fell below $66,000 on March 2nd, per HTX market data, posting a 1.27% 24-hour drop.

March 2 (Bitget Market Data) — Three major Chinese oil companies hit their daily price limits collectively for the first time ever on Thursday. - PetroChina reached a nearly 11-year high, with a total market cap of 2.19 trillion yuan. - CNOOC hit a new high since its 2022 listing, valued at 1.88 trillion yuan. - Sinopec posted a new high since October 2024, with a market cap of 859.7 billion yuan. Escalating Middle East geopolitical tensions have lifted expectations for higher oil and commodity prices. Shipping data shows over 200 vessels are anchored in the Strait of Hormuz and adjacent waters, including oil and LNG tankers—some of which have been damaged in attacks along the Persian Gulf coast. Goldman Sachs estimates: - A $18-per-barrel risk premium for oil if Strait of Hormuz supply is fully disrupted for six weeks. - A roughly $4 premium if 50% of supply is disrupted over one month. Several institutions note that oil prices near $90 a barrel would force a reasse

**March 2 – The Hong Kong Monetary Authority (HKMA), Shanghai Municipal Bureau of Data, and China National Center for Blockchain Innovation today signed the HK-SH Cross-border Freight Trade and Financial Digitalization Cooperation Memorandum.** The agreement aims to deepen Shanghai-Hong Kong collaboration in digitalizing freight trade and finance, leveraging Hong Kong’s role as a “super-connector” and “super value-added enhancer” to boost internal-external connectivity, and support Shanghai in linking to the global data ecosystem via Hong Kong. Under the memorandum, the three parties will: - Conduct joint research on digital technology and application innovation; - Promote digital tech adoption in freight trade and finance; - Explore building a cross-border platform using digital tools; - Carry out cross-border financial cooperation under the Ensemble project; - Study the application of electronic bills of lading; - Integrate with commercial data exchange systems and

On March 2, Bitget market data shows that the A-share Guotou Silver LOF (code 161226) hit its daily limit up in afternoon trading, with a premium rate of 51.63%. Over the past few months, this LOF has repeatedly seen sharp limit-up moves on high premiums followed by extreme limit-downs, fueling emotional trading and scarcity-driven speculation. Since the U.S.-Iran conflict flared up last weekend, the silver investment frenzy has reignited. However, limited silver investment channels in the A-share market and low daily trading limits for retail investors have sent incremental capital rushing into the secondary market. This pushed the Guotou Silver LOF into a severe premium, deviating sharply from its actual net asset value (NAV). The high premium has lured more speculative funds, triggering further limit-up moves and expanding the premium in a positive feedback loop. When silver prices correct, it typically leads to consecutive limit-downs. Investors should be aware of these ri

Per HyperInsight monitoring as of March 2nd, "Brother Whale" Huang Licheng currently has just $9,000 remaining in his account. Since last September—when Ethereum traded at $4,700—he has maintained a long position, still holding $300,000 worth of ETH opened at $1,976.04. Since late February, funds for adding to his position have come from assets he deposited into the PleasrDAO treasury five years ago, suggesting Huang’s available liquidity is dwindling. Over the past six months, his account has posted a total loss of $74 million.