🌶️ Israel and the US attacked Iran on Saturday morning

Looks like the US attack on Iran is very possible. That would mean another huge shakeout in the markets, possibly, nuking crypto again. Polymarket bettors went crazy, and the volume is expected to hit $500M pretty soon. The weekend might be very volatile, so stay aware.

We didn’t send the newsletter with such a description yesterday, and here we go. The markets will be volatile before we get more clarity on how long this will continue, so it would be smart to sit on your hands, touch grass this weekend, and stay safe if you’re in affected regions.

Spicy Bites of February 26-28th

• Israel and the US attacked Iran on Saturday morning. Iran retaliates with ballistic missiles at Israel. The US has called the operation “Epic Fury”.

• Vitalik Buterin has finished selling Ethereum, slightly more than he had planned before.

• Abstract introduces Skills - AI agents that interact with everything on the network. It can manage wallets, trade on prediction markets and more.

• Moonpay announces PYUSDx stablecoin tokenization framework in partnership with PayPal and M0.

• ZachXBT's investigation concludes that one of Axiom’s employees abused access to users’ trades for personal gain.

• Bank stocks have seen the biggest decline since April.

• OpenAI announces that it has more than 900M users, of which 50M are paying ones.

• OpenAI signs an agreement with the Department of War. People are moving from OpenAI to Claude massively.

• M2 money supply hits an all-time high.

• Gold and silver closed at $5,278 and $93.82 on Friday evening. Crude oil hits $67, the level we haven’t seen since August.

• SoFi starts to support Solana network deposits. It has more than 13M clients.

• Paramount officially acquires Warner Bros for $110B.

• Bitfinex announces that it is removing trading fees.

• Bitcoin and Ethereum ETFs’ inflows were $254M and $6.5M on Thursday, respectively. 3 days in a row, but followed by a little outflow yesterday.

If you’re a trader or keep track of launched tokens, perps, etc., we invite you to connect to our bundle of Spicy Block Telegram groups and channels with bots that deliver news, listings, and even Elon posts on X. And it’s totally FREE!

_{Did you like the content? Share it with your family and friends. Also, we would appreciate your feedback by sending us an email by simply replying to this message.}

_{Disclaimer: The content of this newsletter is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and can involve significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The opinions and information provided here are not a guarantee of future performance and should be considered carefully in the context of your personal financial situation.}