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The US Embassy in Saudi Arabia Hit by Drone, Trump Says Retaliation Will Be Announced "Soon," No Need to Send Ground Troops

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**U.S. Retaliatory Actions "Soon" Over Riyadh Embassy Drone Attack, Iran-Related Casualties** March 3 — Former President Donald Trump said U.S. retaliatory measures over the drone attack on the U.S. Embassy in Riyadh and U.S. military casualties in Iran-related conflicts will be announced “soon.” He added the U.S. does not need to deploy ground troops to Iran. Saudi Arabia’s Ministry of Defense said in a social media post a preliminary assessment found two drones struck the U.S. Embassy compound in Riyadh, sparking a small fire and minor material damage. Multiple sources reported the incident happened early Tuesday with no embassy staff present; no casualties have been reported. Black smoke was visible over Riyadh’s diplomatic quarter. The embassy later issued a shelter-in-place notice for U.S. citizens in Riyadh, Jeddah, and Dharan. Sen. Marco Rubio said at a press conference the U.S. faces an “imminent threat,” noting the U.S. is aware of Israel’s plans to take action against Iran and expects Iran may retaliate via attacks on U.S. military targets. House Speaker Mike Johnson, following a classified briefing, said the U.S. is conducting a “limited-scope, target-specific, and absolutely necessary defensive operation” and expects it to wrap up soon. Separately, U.S.-Israeli airstrikes against Iran are escalating: Israel has targeted Hezbollah positions in Lebanon, while Iran has launched missile and drone attacks on Gulf states hosting U.S. forces.
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A whale urgently sells 10,000 ETH to repay its debt on Aave

March 3rd — Per Lookonchain monitoring, the thomasg.eth address sold 10,000 ETH at an average price of $1,995 over the past 30 minutes (roughly $19.95M) to repay its Aave debt.

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Korean Stock Plunge Triggers Circuit Breaker, Safe Haven Sentiment Rattles Asia-Pacific Markets

March 3 Middle East tensions escalated and expectations of surging energy costs spurred risk aversion across global markets. **Asia-Pacific Market Turmoil** South Korea’s benchmark KOSPI index plunged as much as 5.6% in Tuesday trading—its biggest single-day drop since November 2023—triggering a circuit breaker that temporarily paused algorithmic trading. The South Korean won slid 1.9% against the U.S. dollar, its steepest single-day decline since May 2023. Pressure rippled through regional markets: Japan’s Nikkei 225 dropped roughly 2.5%, while the MSCI Asia Pacific Index posted its largest two-day drop since April 2023. U.S. and European stock index futures also fell, with markets bracing for higher volatility. **Sector Moves in South Korea** Tech giants led losses: Samsung Electronics and SK Hynix each fell more than 6%. Aviation and auto sectors weakened, while defense stocks surged—Hanwha Aerospace and LIG Nex1 each rose over 25%. Energy stocks held up relatively we

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Trump: U.S. Military Ammunition Supply Plentiful and High Quality, Can "Fight Forever and Win Big"

March 3rd, former U.S. President Donald Trump tweeted: "Our medium-to-high level ammunition reserves have never been fuller or more top-of-the-line. As someone told me today, we have an almost unlimited supply of this weaponry. These reserves are better than any other country’s top-tier gear—we can ‘go on forever’ and win very handsomely. For top-end weaponry, we’re well stocked but not yet at ideal levels. A huge amount of additional top-notch gear is stored overseas for our use. SLEEPY JOE spends all his time and our country’s money giving everything to Ukraine’s Zelensky!—worth hundreds of billions of dollars!—and as he gives away so much top-end equipment for free, he hasn’t even thought about replenishing stocks. Fortunately, I rebuilt the military in my first term and am still at it. America is now well stocked and ready to win big!!!"

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Kalshi, Polymarket Face Shutdown Risk in Nevada as Judge Allows State Regulator to Continue Pursuit of Temporary Restraining Order

March 3 (Monday) — A U.S. federal judge has ordered the remand of Nevada’s lawsuits against prediction market platforms Kalshi and rival Polymarket to state court, allowing state regulators to proceed with their push for preliminary injunctions. The ruling raises the risk both platforms could be forced to halt trading in Nevada. The court determined Nevada’s Gaming Control Board’s claims are “state-law-based,” and the Commodity Exchange Act (CEA) does not “completely preclude” state gambling laws from applying — meaning federal courts lack jurisdiction. Previously, both companies argued the U.S. Commodity Futures Trading Commission (CFTC) holds “exclusive jurisdiction” over the disputed event contracts. If Nevada secures the injunction, Kalshi could be barred from offering event contract products to in-state users during the litigation. Legal analysts call the ruling a “significant setback” for Kalshi, warning it may trigger a “domino effect” with more states launching similar su

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Yesterday's US Spot Bitcoin ETF Net Inflow was $458.2 million, Spot Ethereum ETF Net Inflow was $38.7 million

On March 3rd, Farside Monitoring reported that U.S. spot Bitcoin ETFs saw net inflows of $458.2 million yesterday, while U.S. spot Ethereum ETFs recorded $38.7 million in net inflows.

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A whale used THORChain to swap 99.5 BTC for 3,347 ETH

March 3rd: OnchainLens data shows a whale address swapped 99.5 BTC (≈$6.7M) via THORChain at a rate of 0.0297, receiving 3,347 ETH.

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