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US Strikes on Iran Enter Sixth Day, Soleimani Funeral Delayed, Succession Power Struggle Intensifies

2 hours ago

**March 5** The U.S.-Israel joint military operation against Iran entered its sixth day Wednesday, with airstrike intensity continuing to escalate. Iran claims a U.S. torpedo struck one of its naval vessels off Sri Lanka’s coast, killing more than 80 sailors. Tehran vowed to retaliate against the U.S. at any location. Domestically, Iran’s Supreme Leader Ayatollah Ali Khamenei died early in the airstrikes. Three days of funeral and mourning ceremonies scheduled in Tehran have been indefinitely postponed, with sources citing security concerns over fears gatherings could become new attack targets. Succession uncertainty has emerged: Khamenei’s son Mojtaba was widely seen as a likely immediate successor, but the funeral delay has injected doubt into Iran’s top power transition. Israel stated any successor continuing current policies could also become a target. Iran’s state television was hacked Wednesday, broadcasting a speech by exiled Crown Prince Reza Pahlavi—now a top symbol of Iran’s foreign opposition. On the military front, Israel noted a drop in Iranian missile launches but said the threat persists. Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed it attacked a U.S. oil tanker in the northern Persian Gulf and intends to control the Strait of Hormuz during wartime. Analysis: The Strait of Hormuz handles roughly one-fifth of global oil and liquefied natural gas (LNG) shipments. The conflict has significantly impacted global energy and financial markets. In the U.S., Republican senators rejected a measure to restrict the president’s military authority, leaving former President Trump’s decision-making on Iran military actions largely unconstrained.
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Jez San Address Sells 6,091 ETH and 1.618M LINK Worth Over $28M

On March 5, blockchain analytics platform Lookonchain reported that Jez San—UK-based renowned game developer and FunFair founder (@aerobatic)—has sold 6,091 ETH (valued at ~$12.92 million) and 1.618 million LINK (valued at ~$15.19 million). Two days earlier, wallets linked to San transferred the following assets to two new wallets: - 1.618 million LINK (~$15.19M) - 6,091 ETH (~$12.92M) - 43.53 million ENA (~$4.71M) - 32,907 AAVE (~$3.60M) - 596,513 UNI (~$2.25M) - 8.08 million ONDO (~$2.02M) - 1.49 million PENDLE (~$1.88M) - 25,000 AVAX (~$2.30M) Roughly 40 minutes ago, the 1.618 million LINK and 6,091 ETH were sent to Binance via Flowdesk.

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Spot Gold Slides $60 Lower in Short-term, Down 1.59% on the Day

On March 5, Bitget market data shows spot gold briefly dropped $60, falling below $1,060 an ounce for an intraday decline of 1.59%.

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Son of Government Contractor Arrested by FBI for Allegedly Stealing $46 Million in Cryptocurrency from U.S. Marshals

March 5 — John Daghita, the son of a U.S. government contractor, has been arrested by the FBI on charges of stealing roughly $46 million in cryptocurrency from the U.S. Marshals Service, AggrNews reported. Case details remain incomplete, with law enforcement continuing to investigate the flow of funds and the suspect’s specific modus operandi. The incident was first disclosed in a post on social platform X, sparking market attention.

19 minutes ago

The US labor market remains stable as the market eagerly awaits Friday's nonfarm payroll data.

March 5 — U.S. initial jobless claims totaled 213,000 for the week ended Feb. 28, per Labor Department data released Tuesday. The figure topped the prior week’s 212,000 but fell short of economists’ 215,000 forecast, signaling the labor market remains in a low-layoff environment. The data shows initial claims have rebounded to near last year’s lows after holiday and winter weather disruptions. Meanwhile, continuing jobless claims climbed to 1.87 million—marking the biggest jump so far this year. The Federal Reserve’s Beige Book noted employment levels stayed generally stable, with hiring activity largely unchanged in seven of the 12 Fed districts. Some businesses cited higher non-labor costs, soft demand, and economic uncertainty as constraints on hiring. Markets are now awaiting Friday’s nonfarm payrolls report. A broad consensus expects February job gains will slow following January’s strong reading, while the unemployment rate is seen holding steady.

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"The Buddy" Longs Ethereum 25x, Unrealized P&L Tops $250K

On March 5th, HyperInsight monitoring (via https://t.me/HyperInsight) revealed that "Brother Whale" Huang Licheng’s address deposited 100,000 USDC into HyperLiquid to boost his 25x leveraged ETH long position. Currently, the position’s unrealized gain has topped $250,000, and its size has expanded to 6,975 ETH.

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Morgan Stanley Provides $500 Million Loan Facility to Mining Firm Core Scientific, Expandable to $1 Billion

March 5 — Morgan Stanley has extended a $500 million 364-day loan facility to Core Scientific, with an accordion feature allowing the total facility to grow to up to $1 billion later. The loan carries an interest rate of SOFR plus 250 basis points. Core Scientific says the funding will support land acquisition, pre-development expenses, securing additional power contracts, and equipment purchases to upgrade its mining infrastructure in Texas, Georgia, and North Carolina into compute centers for high-density AI calculations. The company previously announced plans to sell nearly all its Bitcoin reserves by 2026 to back its shift to an AI-focused business. As of the end of 2025, Core Scientific held roughly 2,537 bitcoins (fair market value ~$222 million); in January 2026, it sold around 1,900 bitcoins for ~$175 million, leaving ~630 bitcoins currently. CEO Adam Sullivan noted the Bitcoin mining business is now essentially in a “natural winding-down phase,” adding the company wil

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