March 9th Weekly Market Recap: “Morgan Stanley Proposed Bitcoin ETF”

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DeFi Analytics 6th March 2026

The weekly addition of the Crypto DeFi Analytics, covering chain fee generation, Beacon Chain Balance, Uniswap V3 and Liquidations.

Core Scientific Secured a $500M Loan Facility from Morgan Stanley

Risk appetite remained fragile as Middle East escalation, firmer oil, and higher Treasury yields continued to pressure both equities and crypto. BTC again traded into the $73–74K resistance area but was unable to sustain a breakout, subsequently moving back towards $70K, while ETH remained around $2K as markets priced a more constrained Fed path. In crypto, the backdrop was otherwise mixed, with softer price action offset by continued product launches, corporate financing activity, and broader ecosystem developments.

Crypto Risk Appetite Report 5th March 2026

The weekly addition of our Market Sentiment Report.

Morgan Stanley Proposed Bitcoin ETF

Risk appetite improved, lifting BTC to 74K and taking weekly performance to 7%, alongside a rebound in US equities with the S&P 500 up 0.78%, the Nasdaq-100 up 1.51%, and the Dow up 0.49%. ISM Services strengthened to 56.1 while the prices paid index eased to 63, though geopolitics kept oil volatile around 76. Since last Friday BTC is up close to 10% and spot ETFs bought 1.145B of BTC across the first three trading days of March, even as FedWatch still prices less than a 3% chance of a March 18 rate cut.

“No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD”

BTC broke out higher, jumping about 5% in the past four hours to trade above $71K after ranging between $66K and $69K, even as the Middle East conflict entered its fourth day. US equities stayed under pressure with the S&P 500 down 0.94% on the day, but recovered from deeper losses after Trump said the US could backstop shipping through the Strait of Hormuz, which also helped pull oil, the dollar and Treasury yields off their highs.

Fed speakers sounded cautious, noting that the inflation impact from higher energy prices is still unclear and could complicate the path for rate cuts. In crypto policy and corporate news, South Korea is reportedly moving toward a 20% cap on major exchange shareholders with limited exemptions, while MARA said it has expanded its bitcoin treasury policy to allow sales of both mined coins and balance-sheet holdings.

Did Polymarket traders call the US airstrikes on Iran in advance?

We looked at three different markets on Polymarket to analyse the claim that certain Polymarket traders exhibited patterns consistent with advanced knowledge regarding a potential US airstrike on Iran. Across the three markets, we focused on the 42 traders with the highest PnL from these three markets and the 8,142 trades they placed. One wallet of particular interest belongs to a trader pseudonymously named (pseudonyms are auto-assigned by polymarket) ‘Careless-Bug’. 

Nasdaq Files for Prediction Market Proposal

BTC jumped from $65K to $70K but the move didn’t hold, and it’s now back near $67K as markets stay focused on geopolitical risk. The main spillover is through energy, with Brent around $80 and WTI near $75 after sharp gains, which has reignited inflation concerns. That’s pushed bond yields higher and moved expectations for the first Fed rate cut out to September. Crypto demand is still supportive in the background, with spot Bitcoin ETFs buying about $458M and Ethereum ETFs seeing about $39M of inflows.

Morgan Stanley Has Filed For A De Novo National Trust Bank Charter

Escalating US–Iran tensions triggered a brief risk-off move in crypto, with BTC dipping from about $65K to about $63K and ETH down to around $1.8K before both recovered into Monday. Options markets show only mild front-end inversion and puts remain bid, signalling ongoing demand for downside protection despite the bounce. TradFi is now repricing the shock, with global equities down roughly 1%, Brent up more than 10% above $80 on Strait of Hormuz risk, and precious metals higher, while Treasuries sold off and the 10-year yield rose about 3bps to roughly 3.97%. Morgan Stanley’s trust bank charter filing adds to the institutional build-out narrative, alongside scrutiny of prediction markets, Vitalik’s proposed execution-layer upgrades, and Paradigm’s planned $1.5B frontier tech fund.