According to a Wall Street Journal report citing sources familiar with the matter, Iran has launched more than 1,000 drones and missiles at targets within the United Arab Emirates (UAE). In retaliation for this action, the UAE is considering freezing billions of dollars worth of Iranian assets held in its possession, a move that could sever one of Iran's most vital economic lifelines. If the UAE takes action, Iran's access to foreign exchange and its participation in global trade networks will be severely restricted, and its domestic economy, already struggling with inflation, will be significantly hampered. UAE officials have privately warned Iran of potential action. According to informed officials, potential measures include freezing the assets of UAE-owned "shadow companies" used to conceal trade activities, and a comprehensive financial crackdown on local currency exchange institutions used to circumvent formal banking channels for transferring funds. In addition to financial measures, policymakers are also considering direct maritime action, such as seizing Iranian vessels. (Jinshi)

Solv Protocol announced on the X platform that a limited exploit occurred in its BRO vault, affecting fewer than 10 users and impacting 38.0474 SolvBTC. All other vaults and user funds remain safe and unaffected. The team is investigating with security partners and has taken steps to prevent similar incidents from recurring, while also covering any losses incurred by affected users. Solv Protocol has offered a 10% white-hat bounty to the attacker, demanding the timely return of the funds. Hypernative Labs, SlowMist, and CertiK provided timely alerts regarding this incident.

Iran's potential retaliation against Israeli and American military actions has led to restricted movement through a key strategic waterway. Bloomberg posted on X, highlighting the geopolitical tensions affecting global trade routes. This development is part of a broader context of escalating regional conflicts, which could have significant implications for international shipping and energy markets.

Data from Polymarket shows that the probability of "Mojtaba Khamenei, son of Ayatollah Khamenei, becoming Iran's next Supreme Leader" once rose to 82%, but has now fallen back to 50%, with trading volume exceeding $5 million. Previously, it was reported that Trump stated he would not accept Khamenei's son succeeding him as Supreme Leader and that he would personally be involved in Iran's succession arrangements.

In the past week, the intersection of technology and warfare has brought both fortune and challenges to three Californian billionaires. Bloomberg posted on X, highlighting the impact of the US and Israel's military actions against Iran on these individuals. As geopolitical tensions rise, their ventures in technology have seen significant shifts, reflecting the broader implications of international conflicts on business and innovation.

On March 5, local time, U.S. Defense Secretary Hergsays stated that U.S. military operations against Iran would escalate further, with a "significant increase" in airstrikes over Tehran, the Iranian capital. Hergsays said the U.S. military would deploy more fighter squadrons, increase combat and defensive capabilities, and raise bomber sortie rates, but did not disclose specific military details. He stated that airstrikes against Iran and its capital Tehran would "increase significantly" in the near future, and that the U.S. military was receiving more support from overseas bases. (Jinshi)

South Korea's KOSPI index opened down 89.35 points, or 1.6%, at 5494.55 on Friday, March 6. Japan's Nikkei 225 index opened down 481.74 points, or 0.87%, at 54796.32 on Friday, March 6. (Jinshi)

South Korea's KOSPI index has reduced its earlier losses, now trading with a decline of less than 1%. According to Jin10, the index initially fell by 2% at the start of the trading session. The market's recovery comes amid broader regional market fluctuations, reflecting investor sentiment and economic conditions. The KOSPI's performance is closely watched as an indicator of South Korea's economic health and investor confidence.

Nikita Bier, product lead for the X platform, announced a new feature called "Exclusive Threads," allowing creators to monetize their content through a subscription model. This feature utilizes the X Timeline as a distribution channel, enabling experts and writers in specialized fields to earn more revenue. Unlike content subscription platforms such as Substack or Patreon, X does not take any commission from creators, and users can access subscribed content without leaving the app.

The U.S. Securities and Exchange Commission (SEC) will drop its lawsuit against crypto industry figure Justin Sun. The SEC sued Sun in 2023, accusing him of selling unregistered securities through companies he controlled, including Tron Foundation, BitTorrent Foundation Ltd., and Rainberry Inc., and artificially inflating Tronix trading volume by instructing employees to conduct over 600,000 wash trades between accounts under his control. Under the settlement, the SEC will drop all charges against Sun, and Rainberry has agreed to pay a $10 million civil penalty, neither admitting nor denying the allegations. The settlement is subject to judge approval. Sun posted on the X platform expressing his "great delight" at the SEC's decision to drop the case. Since Trump's return to the White House, the SEC has dropped or suspended at least a dozen cases against crypto companies, including previous lawsuits against Coinbase and Binance.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse Morning 8," issue 2987, providing you with the latest and fastest news on the digital currency and blockchain industry.

BTC, Conflict Erupts in Iran, Yet Bitcoin Becomes a "Safe Haven"? Golden Finance: The Middle East is engulfed in renewed conflict.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

This document details Ethereum's future upgrade roadmap, named "Strawmap".

Tokenized stocks, cryptocurrencies, token economy, frozen wealth. Golden Finance: Real estate is one of the least liquid assets an individual can hold.

Agent, Wallet, Agent Economy: The Next Chapter for Crypto Wallets - Jinse Finance: What will wallets become when agents become the main economic actors?

ICE, the parent company of the New York Stock Exchange, invests in OKX at a valuation of $25 billion.

Artificial intelligence: The first generation of children "fed" by AI has already been "poisoned." Golden Finance: Technology is creating a generation of "mental isolation."

The world’s hottest meme coin, Dogecoin, has surged nearly 15% in the past 24 hours, leading gains among the top 100 cryptocurrencies by market capitalization as a broader crypto rebound gathered momentum.

Western Union is launching the USDPT stablecoin on Solana, letting users send digital dollars that can be picked up as cash worldwide. It will be issued by Anchorage Digital Bank and link blockchain payments to Western Union’s cash network.