Meta Platforms spokesperson: There is currently no stablecoin from Meta.

Traditional Finance Alert: VIX has increased by over 7.5%

Gate News bot message: According to the latest Gate TradFi data, VIX has risen by 7.5% in the short term, with current volatility significantly higher than recent average levels, indicating increased market activity.

Saudi Arabia Shuts Ras Tanura Refinery After Iran Drone Strike

Saudi Arabia’s energy sector faced fresh tension on March 2. After reports of an Iranian drone strike targeting the massive Ras Tanura refinery. The facility is one of the world’s largest oil processing hubs. It handles around 550K barrels per day. Early reports say operations were halted as a

Rising oil prices suppress expectations of Federal Reserve rate cuts, strengthening the dollar

ChainCatcher reports that, according to Gate market data, the dollar has strengthened against all major currencies due to rising oil prices prompting swap traders to reduce their bets on the Fed cutting interest rates this year. The market currently expects about 59 basis points of rate cuts from the Federal Reserve, down from 61 basis points last Friday. Gareth Berry, a strategist at Sydney's Macquarie Group, said this could be an early signal that the market believes sustained oil price increases will lead to higher inflation pressures in the US, thereby reducing the Fed's willingness to cut rates. Deteriorating risk sentiment has also contributed to the dollar's rise, with S&P 500 futures down 1.5%.

The stock market soars, while crypto heats up slowly? Koreans' all-in bets have never cooled down

Author: Zen, PANews When it comes to crazy investing, Koreans are serious. The Korean stock market's historic surge that began in the first half of last year has proven this once again. As of the end of February 2026, the Korea Composite Stock Price Index (KOSPI) has risen nearly 50% this year, making it the world's top-performing stock market. On February 25, the KOSPI broke through 6,000 points for the first time during trading; the next day, it closed above 6,300 points for the first time, with 10 out of the last 11 trading days recording gains, continuously hitting new highs. On February 28, Samsung Electronics' market value surpassed the $1 trillion mark, becoming the first Korean company to join the "trillion-dollar club." As the founder of the on-chain data analysis platform CryptoQuant said, "We Koreans love gambling. Don't underestimate this country." Market reform, an不可忽视的催化剂