Domestic gold jewelry prices have shown minimal change compared to the previous day, according to Jin10. The latest price comparison reveals that brands such as Chow Tai Fook, Chow Sang Sang, and Tse Sui Luen are quoting pure gold jewelry at 1,599 yuan per gram. This stability in gold prices reflects the current market conditions, with no significant fluctuations observed in the domestic market.

Iron ore prices have risen following China's renewed commitment to address overcapacity in its steel industry and the announcement of its economic growth target for the upcoming year. Bloomberg posted on X, highlighting China's strategic focus on stabilizing its steel sector, which is crucial for the global iron ore market. The move is expected to influence the dynamics of supply and demand, impacting international trade and economic forecasts. China's steel industry, being the largest in the world, plays a significant role in shaping global commodity markets. The country's economic growth target, although anticipated, provides a framework for future industrial and economic activities. Analysts are closely monitoring these developments, as they could have far-reaching effects on global markets and economic stability.

South Korea's Financial Services Commission and the ruling Democratic Party have postponed a policy meeting originally scheduled for March 5. According to NS3.AI, the delay is attributed to escalating geopolitical tensions in the Middle East, which have resulted in heightened volatility in stock and forex markets. Authorities are prioritizing market stability in light of these developments. The meeting was intended to review the 'Digital Asset Basic Act,' focusing on new regulations concerning major shareholder stakes in cryptocurrency exchanges.

LM Funding America released its production and operations update for February 2026. According to BlockBeats, the company mined 8.7 BTC during the month and sold 18.1 BTC, reducing its total holdings to 354.7 BTC. Additionally, LM Funding America has renegotiated the maturity date of its $11 million loan from Galaxy Digital, extending it to April 24, 2026.

Canadian Prime Minister Mark Carney stated that while participation in military action due to the conflict in Iran cannot be completely ruled out, Canada is committed to supporting its allies if required. Bloomberg posted on X, highlighting Carney's remarks on the nation's position regarding international military engagements. The Prime Minister emphasized the importance of standing by allied nations, reflecting Canada's dedication to global partnerships and security commitments.

Geopolitical conflicts have led to significant disruptions in energy supply chains, causing major impacts on the petrochemical industry. According to Jin10, South Korea's petrochemical giant has declared 'force majeure' due to these disruptions. As a result, futures for benzene and styrene have both hit their upper trading limits. The declaration of force majeure indicates that the company is unable to fulfill its contractual obligations due to circumstances beyond its control, highlighting the vulnerability of global supply chains to geopolitical tensions. The surge in futures prices reflects market concerns over potential shortages and increased costs in the petrochemical sector. This situation underscores the broader implications of geopolitical conflicts on global markets, particularly in industries heavily reliant on stable energy supplies.

Indian markets are experiencing increased volatility, with shares showing unpredictable movements. Bloomberg posted on X, highlighting the rupee's weakness as a contributing factor to the market's instability. Additionally, several companies have decided to postpone their initial public offerings (IPOs) due to the current market conditions. This decision reflects concerns over investor sentiment and the potential impact on valuations. The ongoing fluctuations in the stock market and currency are prompting businesses to reassess their strategies in the face of economic uncertainty.

In September 2024, the Hong Kong Commercial Crime Bureau launched Operation "Sinking," uncovering a cross-border money laundering syndicate. Two mainland Chinese individuals, a man and a woman, opened multiple dummy accounts at local digital banks after arriving in Hong Kong to receive proceeds from fraud. They then transferred the funds to traditional bank accounts to withdraw cash and purchased cryptocurrency at virtual asset exchange shops to conceal the source and destination of the funds. Between August and September 2024, the two laundered approximately HK$17.3 million in proceeds from crime. During the same period, the syndicate also conducted cryptocurrency transactions through Hong Kong bank accounts, laundering a total of HK$230 million. The two were found guilty of money laundering in the District Court today, with their sentences increased by approximately 20%, to 28 months and 43 months imprisonment respectively.

China's debt issuance target for 2026 is aligning with market expectations, providing relief to bond traders. Bloomberg posted on X that this alignment is supported by ample liquidity and increasing speculation on policy easing. The move is seen as a positive signal for the bond market, which has been closely monitoring China's fiscal strategies. Traders are optimistic that the government's approach will maintain stability and support economic growth. The alignment with market expectations is expected to bolster confidence among investors, who have been concerned about potential disruptions in the bond market. This development comes amid a backdrop of global economic uncertainties, where China's fiscal policies play a crucial role in influencing market dynamics.

a16z crypto is raising its fifth fund, targeting approximately $2 billion, with plans to complete fundraising in the first half of 2026. The fund will focus entirely on blockchain investments. a16z crypto launched its first $300 million fund in 2018, and each subsequent fund has increased in size, reaching $4.5 billion in 2022 with its fourth fund. The fifth fund is less than half the size of the previous one, and according to sources, a16z crypto plans to shorten the fundraising cycle to adapt to the rapidly changing trends in the crypto market. Currently, the crypto market is generally sluggish, with Bitcoin falling by nearly half since its all-time high last October, and listed crypto companies' stock prices also falling sharply. At the same time, the industry is in its most favorable regulatory environment in Washington in 17 years. a16z crypto has been active in recent investments, including the decentralized protocol Babylon, the prediction market cross-platform integration tool Kairos, and a $50 million investment in the Solana staking protocol Jito. Furthermore, the crypto venture capital landscape is shifting, with Paradigm raising up to $1.5 billion in a new fund to expand its investments into AI and robotics, and Multicoin Capital co-founder Kyle Samani leaving the firm in February to pursue investments in other technology sectors. (Fortune)

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