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BlockBeats News, March 4th, according to Onchain Lens monitoring, a whale swapped 102 BTC (approximately $7.23 million) for 3,489 ETH via ThorChain at a rate of 0.02923.

Golden Ten Data March 4｜DBS estimates that the oil price fluctuation range will fall between $85 and $150 per barrel, with the specific price depending on the duration of the conflict and the feasibility of energy transportation. DBS is particularly optimistic about defense stocks, mainly because the industry is currently in an ammunition super cycle and is expected to see continued growth in long-term defense spending, providing strong support amid turbulent situations. Meanwhile, gold, as a traditional safe-haven asset, has performed strongly under long-term geopolitical uncertainty, reflecting the growing market demand for risk aversion. Additionally, the trend of de-dollarization and continued diversification of investments by global central banks further support gold price performance.

Golden Ten Data reported on March 4 that UK Chancellor Reeves' budget plan is facing a significant threat of stock market correction, as the outbreak of war in the Middle East has triggered a sharp decline in the stock market, making the fiscal outlook turbulent. The UK Office for Budget Responsibility stated that, of the £12 billion increase in government revenue expected for the 2030-31 fiscal year, three-quarters are attributed to a series of tax increases driven by the previous stock market rebound. Although the regulator submitted an overall optimistic forecast to Reeves in Tuesday's Spring Budget update, it also warned that the revenue growth brought by the stock market is "highly susceptible to reversal due to falling stock prices." According to its forecast document, a 10.3% drop in the stock market would result in a £10 billion reduction in tax revenue for the 2030-31 fiscal year. The Institute for Fiscal Studies (IFS) also emphasized this threat. The OBR assumes that the UK stock market in the first quarter is 8% higher than the forecast made last November. IFS Director Helen Miller said on Wednesday: "As we have seen in recent days, stock market gains may be fleeting. As the proportion of capital gains tax in total tax revenue rises, we become more vulnerable to fluctuations in asset prices."