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Spot Bitcoin ETFs Log $348.9 Million Outflows on 6 March as Crypto Market Cap Slips to $2.33 Trillion
On 6 March 2026, spot Bitcoin exchange-traded funds registered about $348.9 million in net outflows as digital asset prices retreated. Ethereum products saw roughly $82.9 million in redemptions, while Solana and XRP funds lost about $8.6 million and $16.6 million. During the pullback, total crypto market capitalization declined to around $2.33 trillion and Bitcoin traded near $67,900.
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BTC
BTC+1.10%
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American Express to Pay $17,500,000 in New York Class Action Over Alleged Anti-Steering Rules
American Express is agreeing to a $17,500,000 settlement in a federal antitrust class action filed in New York that challenges its alleged anti-steering rules for merchants. The case covers consumers who made purchases between 2015 and 2022 at 38 businesses in nine US states, but the settlement will be distributed only to a subset of Illinois shoppers. Eligible Illinois residents used non-rewards Visa, Mastercard or Discover credit cards at specified merchants, and they must submit claims by May 19 before a judge considers final approval on June 17.
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Robert Kiyosaki Links US-Israel-Iran War to Silver Demand as Price Trades at $84.33 After $116 Peak
Robert Kiyosaki, currently in Vietnam, used a new X post to argue that modern warfare operates as a financial system that consumes large amounts of silver. Silver has climbed more than 150% year-on-year from around $32 in 2025 to above $80 in early 2026 and is now trading at $84.33 after briefly hitting a $116 record. He maintains his call for silver to reach $200 in 2026, framing gold, silver, and Bitcoin as protection against currency debasement driven by heavy war spending.
BTC
BTC+1.10%
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Kalshi Hit With $54 Million Class-Action Over Iranian Supreme Leader Prediction Market
On March 7, 2026, prediction market operator Kalshi was sued in a U.S. federal court over a disputed market tied to the tenure of Iranian Supreme Leader Ayatollah Ali Khamenei, with plaintiffs seeking $54 million. The platform declined to settle bets placed on Khamenei leaving office before March 1, 2026, after he was killed in U.S.-Israeli military strikes, citing a controversial "death carveout" clause. Investors claim the terms were clear and binary, while Kalshi's CEO has defended the decision and offered to refund trading fees.
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U.S. Commits Up to $20 Billion DFC Reinsurance to Support Persian Gulf Oil Shipping on March 7, 2026
On March 7, 2026, the White House announced that the U.S. International Development Finance Corporation will extend up to $20 billion in reinsurance to ships operating in the Persian Gulf to stabilise energy markets. The move follows an 81% plunge in Strait of Hormuz traffic and around 200 stranded tankers after major marine insurers halted coverage, while the facility will add to the DFC's existing $205 billion statutory risk exposure.
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Dubai’s VARA orders MEXC and KuCoin to halt unlicensed virtual asset services
Dubai’s Virtual Assets Regulatory Authority has instructed MEXC, KuCoin, and their affiliates to stop all unlicensed crypto activities in the emirate, warning users of potential financial and legal risks. The enforcement actions, issued on Thursday and Friday, come amid surging crypto flows in the wider region and growing concerns over Iran’s increasing use of digital assets to bypass U.S. sanctions.
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STOP
STOP-2.88%
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Italian Law Enforcement Intensifies Use of Crypto Service Provider Register 2023–2026
Between 2023 and 2026, Italian authorities have sharply increased checks in the Register of Virtual Currency Service Providers as more Italians invest in digital assets. The OAM-managed registry, active since 2022, now serves as a key financial intelligence tool for Guardia di Finanza, police and supervisory bodies, which filed 27 information requests in 2023, 44 in 2024 and 107 in 2025. Early 2026 data already show dozens of new enquiries, as Italy prepares by 31 December to align its framework with the MiCAR rules that will convert VASPs into CASPs.
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