Markets, Cryptos and Culture
March 7, 2026
Wrestling And Jabbing Away At Numbers
Crypto-Mania and WrestleMania Season
Fight Week At The Markets; In And Out Of The Ring
Combat Sports Promotional Wars
The Man In The Arena
Rise Of The A.I Machines Cont . . .
All Is Fair In Love, War And Biz?!
Wednesday Spooks Some
Frenzy And Fierce Friday
"Friday on My Mind" (The Easybeats)
“Thursday” (Pet Shop Boys)
"Paint It Black" (The Rolling Stones)
"Saturday Night's Alright (For Fighting)" (Elton John)
Sydney, Australia to Wall Street, New York
Markets
ASX 200 futures down 123 points/1.4%: 8717
AUD 0.2% to US70.21¢
BTC $68,237.67 =3.79%
Dow -1.2%
S&P -1.2%
NAS -1.1%
VIX 3.01 to 26.76
Gold 1.5% to $US5158.13 an oz
Silver 84.338 2.081
Oil 9% to $US93.09 a b
US WTI 12.8% to $US91.23/bbl
Iron ore 1.5% to $US101.55 a ton
News
Cryptos
Ethereum held above the long-term uptrend
Market Overview
The crypto market cap has fallen by approximately 2% over the past 24 hours to $2.41 trillion. The market is cooling after a mid-week surge, consistent with the trend of large capital selling on the growth. The price jump is generating impressive speculative interest, allowing large players to carefully sell larger volumes over a long period without putting excessive pressure on the price.
Bitcoin is cautiously retreating for the second day to $70.5K, having encountered resistance and exhausted its growth momentum from the liquidation of short positions a couple of days ago. Short-term obstacles to growth are the 50-day moving average and the 61.8% level of the decline from 14 January to 6 February. Bears are proving that they are in control, keeping Bitcoin within the correction range. In such conditions, there is a higher chance of movement towards the lower end of the range, which can be called typical behaviour for the end of the week in recent months.
The start of March has been quite successful for Ethereum, with gains after six weeks of decline. Particularly encouraging is the ability of the second-largest cryptocurrency to rebound from the long-term support level of the uptrend and attempt to consolidate above $2,000. Our attention here is focused on the $2,500 area, where the 200-week moving average is located. Consolidation above this level promises to be a prelude to a sustained recovery. (FxPro)
News
The Lead Up
March 6 (24 hours ago)
ASX rebounds as refiners soar on crackdown
The Australian sharemarket posed a solid gain on Thursday, with the S&P/ASX 200 adding 0.4 per cent to close at 8,940.5 points. Fortescue was up 2.1 per cent at $19.39, Viva Energy Group rose 11.9 per cent to $2.07 and WiseTech Global advanced 7.1 per cent to end the session at $45.57. However, Genesis Minerals was down 4.2 per cent at $7.25 and The Lottery Corporation finished 0.7 per cent lower at $5.36. (RMS)
Newsfeed
War/Oil
U.S. Grants India 30-Day Waiver for Stranded Russian Oil
The Treasury issued a temporary 30-day waiver Friday for cargoes loaded before March 5, aiming to keep global oil markets supplied as Iran's actions halt shipping through the Strait of Hormuz, a route for 20% of world oil. Treasury Secretary Scott Bessent called it a short-term measure with minimal benefit to Russia, urging India to buy more U.S. oil amid record American production. Indian opposition leaders decried it as a blow to sovereignty, while the government stayed quiet; prices surged with Brent near $87 per barrel.
News
War, AI jitters drive switch to 'old economy'
A growing number of equity market strategists are recommending that investors buy shares in companies that have 'heavy assets and low obsolescence'. So-called HALO stocks have limited exposure to the war in Iran or AI disruption. Dion Hershan from Yarra Capital says the trend towards HALO stocks is a reaction to the "fear and panic" that has beset inancial markets due to factors such as the Iran conflict, inflation and AI technology. Morgan Stanley analysts Rob Koh and Samanthie Edie have identified Cleanaway Waste Management and Auckland International Airport as the best Australian-listed HALO stocks. (RMS)
News
Biz/Politics/Trade/Transport
'Profit gouging': anger at container surcharge
Australian exporters have accused France-based shipping company CMA CGM of price gouging after it responded to the Iran conflict by imposing an 'emergency conflict surcharge' on shipping containers. The levy will range from $US2,000 for 20-foot dry containers to $US4,000 for refrigerated or special equipment containers, and will apply to all containers that are shipped to or from the Middle East. CMA CGM has advised that it will apply to all bookings that have been made since 2 March, as well as cargoes that have either yet to be shipped or are already in transit. CMA CGM owns Australia's ANL shipping line. (RMS)
News
Gaming/Gambling
The Star's ex-CEO loses career gamble
The Federal Court has found that The Star Entertainment Group's former CEO Matt Bekier had broken the law by failing to deal with money-laundering risks. Justice Michael Lee has made a similar finding against the casino group's former chief legal and risk officer Paula Martin. However, he has ruled that the Australian Securities & Investments Commission had failed to prove that seven of The Star's former directors had breached their duties of care and diligence; nevetheless, he said they should have been more active in ensuing that the company's business was being conducted ethically and lawfully. Bekier and Martin are potentially facing penalties of up to $1m. (RMS)
News
Media (Australia)
'Kyle will definitely sue': Sandilands and ARN face ugly legal stoush
Multiple sources within ARN Media have indicated that controversial KIIS FM breakfast host Kyle Sandilands will pursue legal action against the radio group if his contract is terminated. ARN suspended Sandilands for 14 days after his on-air altercation with long-running co-host Jackie 'O' Henderson was deemed to have breached his service agreement. One source has stated that the issue is not what Sandilands said to Henderson but the consequence of those words; Henderson has refused to work with Sandilands again, which means the duo cannot fulfil their contracts to deliver the Kyle & Jackie O Show. (RMS)
News
Pop Culture
Triple H Books CM Punk vs. Roman Reigns for WrestleMania 42 Night 2 Main Event
WWE's Triple H confirmed Thursday that World Heavyweight Champion CM Punk defends against Roman Reigns in the Night 2 main event at WrestleMania 42 on April 19 at Allegiant Stadium in Las Vegas. Punk retained his belt against Finn Balor at Elimination Chamber, while Reigns won the Royal Rumble and called his shot on Raw, fueling a decade of bad blood with heated promos. Fans divide into Team Punker and Reigns loyalists, debating the real heel amid hype for this dream match between the Best in the World and the One True Chief.
News
Tom Aspinall Signs with Eddie Hearn's Matchroom Talent Agency
The UFC heavyweight champion, who has managed his own business with help from his father, joined Hearn's new agency to grow commercially while recovering from eye surgery after his title defense against Ciryl Gane. Hearn called Aspinall one of the biggest stars in fight sports and vowed to help him get what's his, amid buzz from Dana White recently signing boxer Conor Benn from Hearn. Aspinall plans to stay UFC-bound, with a London press conference set for Friday as he eyes his next defense.
News
Undertaker Hypes AAA Rey de Reyes with WWE Stars and High Stakes
On March 14 at Auditorio GNP Seguros in Puebla, Mexico, AAA hosts its 29th Rey de Reyes—the first fully under WWE ownership. Dominik Mysterio defends the AAA Mega Championship against El Hijo del Vikingo in a No DQ match with career-altering stipulations, while the main event fatal four-way tournament final awards a sacred sword and a title shot. Other action includes Pagano and Psycho Clown defending the tag titles against The War Riders, plus a four-way Cruiserweight defense, all blending lucha tradition with WWE crossovers as Undertaker shapes the creative direction.
News
Wrestling/Gaming
WWE 2K26 Early Access Starts Tomorrow Amid DLC Reveal Frustrations
WWE 2K26 early access begins March 6 for premium editions, featuring the largest roster yet with over 400 superstars and Season 1 DLC including AAA stars like La Parka and Octagon Jr. Lucha Libre AAA's Lady Shani, the two-time Reina de Reinas Champion, confirmed her July Season 4 addition in a video showcasing her blue sequined mask. Fans express frustration over the piecemeal reveals and AAA focus, preferring a complete list before buying passes, though some creators like ThisGenGaming are excited for tomorrow's streams.
News
Cryptos/Politics/World
Crypto: An encouraging rebound in a bear market
Market Overview
The crypto market cap rose 4.8% to $2.45 trillion, then climbed to $2.50 trillion at the end of the day on Wednesday, a four-week high. This is a strong indication of a base forming and a reversal to growth. The capitalisation level is approaching the 50-day moving average, below which it has been steadily trading since the end of January. Consolidation above this line could be an additional signal of a reversal to growth.
On the other hand, this may be just a corrective rebound, as the typical Fibonacci correction range suggests a rebound to £2.53T for the decline since January and to £2.92T as part of a technical recovery from the entire decline since the October peak. Thus, despite the encouraging momentum, this may be nothing more than a rebound in a bear market.
Bitcoin rose to $74K, breaking through the resistance area of the last four weeks with an encouraging surge. We attribute the magnitude of the short squeeze to the confidence of bears who pulled their stops too close to the market price. The recovery lost momentum near the 61.8% level of the January-February decline and just short of the 50-day moving average. Simply put, the bulls still have to convince the community that the bear market is over.
News Background
The London Crypto Club expects the US and Israeli military operation against Iran could be a catalyst for Bitcoin's growth. In the event of a protracted war, investors will start buying the first cryptocurrency as a ‘hedge against the collapse of existing economic and political structures.’
Bitcoin is forming a price bottom and will begin to grow slowly this year, according to VanEck. However, 10x Research warns that there are no signs of an exit from the global bearish trend yet, despite inflows into ETFs and the disappearance of the asset's discount on Coinbase.
Mining company Core Scientific will sell all 2,537 BTC it owns by the end of the first quarter. The funds will be used to increase liquidity and finance its AI strategy, according to its annual report.
Mining company Riot Platforms reported record annual revenue for 2025. Its revenue nearly doubled in 12 months due to a strategic shift towards artificial intelligence infrastructure.
Payment company Visa and infrastructure stablecoin platform Bridge will introduce stablecoin cards in more than 100 countries. Launched in 2025, the product is already operational in 18 countries, with transactions available at more than 175 million points of sale. (FxPro)
News
Gaming
Xbox Reveals Project Helix as Next-Gen Console Codename
Microsoft Gaming CEO Asha Sharma announced Project Helix, the codename for Xbox's upcoming next-generation console, promising top performance and support for both Xbox and PC games. The reveal followed an internal team meeting, with Sharma set to share more details at the Game Developers Conference starting March 16. Fans buzzed with excitement over the PC compatibility and renewed hardware focus, though some called for stronger exclusives alongside better support for current consoles. This move underscores Xbox's strategy to blend console, PC, and cloud gaming in a unified ecosystem.
News Lead Up
A.I News
Firmus in $600m tech giant deal, with eyes on Facebook owner Meta
Firmus Technologies has entered into a deal with US technology firm Nvidia and Australian data centre operator CDC Data Centres to deploy 18,400 Nvidia chips on behalf of an unnamed tech company at a facility in Melbourne. The facility is part of Project Southgate, which was announced last year and which will see the three companies construct 'AI factories' across Australia over a number of years at a forecast cost of more than $70 billion. The new deal is valued at around $660 million and comes as Firmus Technologies gets ready for an IPO this year. (RMS)
News
A.I News (Australia)
Canva to draw line through AI unit
Tech company Canva has announced a major restructure of its artificial-intelligence video unit, Leonardo AI, with a large number of staff there expected to loose their jobs. The restructure comes only 18 months after Canva purchased Leonardo in a deal thought to be worth $370 million, and is in contrast to Canva's 'upbeat' announcement last week of its purchase of two new AI ventures, marketing algorithm start-up MangoAI and animation software business Cavalry. (RMS)
News
News Media (Australia)
News Corp leader's call to arms: 'it's make or break'
News Corp Australasia's executive chairman Michael Miller is optimistic about the future of public interest journalism. However, he contends that factors such as AI and the regulation of large technology companies means that 2026 is set to be a "make or break" year for Australia's media sector. Miller has called for the federal government to prioritise investment in the "infrastructure of public discourse", arguing that a commitment to Australian journalism is a commitment to a "stronger Australia". He adds that while media companies should strike deals with AI companies, Australia's copyright laws should not be watered down. He has also urged the government to legislate the much-delayed news bargaining incentive, noting that many local media groups are struggling at present. (RMS)
News
The Lead Up
Feb 27
Branding stoush: Why Sky's new name is already under fire
Sky News Australia revealed on Friday that it will be rebranded as News24. Sources at the ABC have indicated that the announcement "raised eyebrows" among senior executives of the public broadcaster, given that its 24-hour news channel was originally called ABC News 24 and it owns the trademark rights to this branding. Intellectual property lawyer Jane Rawlings says it would be difficult for Sky News Australia to trademark its new name because it uses generic terms and is similar to the ABC's trademark. A South Africa-based news website also uses the News24 branding, and its logo also has the same colours as Sky News Australia's proposed new logo. (RMS)
News
Search/News Media
Google, Meta take aim at Australian plan for tech giants to pay for journalism
The US National Foreign Trade Council has labelled the federal government's News Bargaining Incentive a tax, and something that possibly breaches Australia's free trade agreement with the US. The News Bargaining Incentive aims to force big tech companies like Google and Meta to financially support Australian media by what the government refers to as a "charge and offset scheme", with the Council's complaints about the proposal contained in a submission was made to Treasury in December. News of the submission comes as the federal government tries to secure exemptions from US President Donald Trump's tariffs on imports, which are set to rise for Australia from 10 to 15 per cent. (RMS)
News
Sports Business
V'landys forecasts $1b revenue soon for NRL
The National Rugby League has reported that it had total revenue of $845.6 million for the year ending 30 September, an increase of $100.7 million over the previous year. The NRL's net profit rose from $62.3 million to $64.9 million, while net assets were up 20 per cent to $387.3 million. The release of its latest results comes as NRL CEO Andrew Abdo and Australian Rugby League Commission chairman Peter V'landys prepare for talks with television networks and streaming services about a new broadcast deal, while V'landys says he expects the NRL to surpass $1 billion in revenue in the next few years. (RMS)
News Flashback
Simon Trott awarded Rio Tinto bonus as execs lose out to Magnificent Seven on TSR award
The base pay of Rio Tinto CEO Simon Trott will rise from from Stg1.34m ($2.55m) to Stg1.41m from 1 March after the mining company's board awarded him a five per cent pay rise. Trott also received Stg600,000 in relocation expenses to cover the cost from moving from his home in Perth to London, along with receiving short term incentive payments in cash and shares of $1.34m for his four months as CEO and $1.25m for the eight months he spent as head of Rio's WA iron ore operations. (RMS)
News
Rio Tinto boss lobbied Chalmers to save $11b fuel tax rebate
The federal government is under pressure to scrap the $11 billion fuel tax rebate scheme that is used by mining companies such as Rio Tinto and BHP. Unions and environment groups argue that removing the rebate scheme would force the resources sector to decarbonise at a faster rate, along with saving taxpayer's money. However, a letter released under freedom of information rules has revealed that Rio's then-chief executive of Australia, Kellie Parker, lobbied Treasurer Jim Chalmers to maintain the rebate scheme in the May budget, with Parker claiming Rio would not be in a position to deploy an electric haul truck fleet until the early 2030s. (RMS)
News
Energy
Landmark deal commits South Australian gas to home market
Oil and gas producer Santos has done a deal with the South Australian government that will see all the gas it currently exports from that state instead retained in SA in what Premier Peter Malinauskas has labelled a "state strategic reserve". Announcing the deal ahead of his government going into caretaker mode in the lead-up to the SA state election on 21 March, Malinauskas said the gas that would normally go to Japan or South Korea to advance their economies, will now be used to advance the SA economy. The deal between Santos and the SA government comes amid growing pressure on Santos's GLNG export venture in Queensland to end purchases of gas from the domestic market to meet its export contracts. (RMS)
News
Social Media/Media
X Launches Disclosure Tools to Fight Hidden Paid Promotions
Next week, X rolls out new features to make it easier to label paid promotions, with account suspensions for those who skip disclosure. Bier announced this while warning posters promoting Kalshi to add labels or face bans, targeting spam in crypto, prediction markets, and clipping agencies. Reactions range from crypto users celebrating a spammer purge with memes to concerns about clear rules, all while creators like Cynthia joke they're safe since they skip the paychecks.
Pop Culture/Gaming/Wrestling
WWE 2K26 Reveals Retro Entrances of CM Punk and Randy Savage
WWE Games shared first looks at WWE 2K26, recreating classic entrances like CM Punk's 2003 indie debut and Macho Man Randy Savage's 1998 WCW Nitro gear with Queen Sherri by his side. Iyo Sky's feathered entrance drew a thrilled 'Oh yeah! So cool!' from the champion herself. The game launches March 13 on PS5, Xbox Series X|S, PC, and Nintendo Switch 2, with Punk on the cover, over 400 stars, and new modes like thumbtack Hell in a Cell. Fans praised the nostalgic details while hoping for era-specific animations.
News
Pop Culture/Sports/Boxing
Conor Benn Signs $15 Million Deal with Dana White's Zuffa Boxing
Rising boxer Conor Benn, 29, inked a one-fight deal with Zuffa Boxing, the January 2026 venture from UFC president Dana White and Saudi backer Turki Alalshikh, backed by Riyadh Season and streaming on Paramount . Fresh off avenging his loss to Chris Eubank Jr., Benn thanked Eddie Hearn for a decade of support—including loans and defense during his 2022 drug test suspension—but called Zuffa's offer impossible to refuse. Hearn expressed devastation, saying he misjudged Benn's loyalty after providing title shots and financial help, while Eubank Jr. mocked both and White insulted Hearn directly.
News Flashback
Pop Culture/Wrestling
Jey Uso, Bronson Reed, and Original El Grande Americano Set for Triple Threat Elimination Chamber Qualifier on WWE Raw
WWE announced a triple threat match on the next episode of Raw featuring Jey Uso, Bronson Reed, and Original El Grande Americano to qualify for the Elimination Chamber. The card also includes Brock Lesnar's return, a tribute to AJ Styles, World Champion CM Punk's appearance, and a women's qualifier with Raquel Rodriguez, Kairi Sane, and IYO SKY.
News
WWE Stars Clap Back at Tom Brady's 'Cute' Wrestling Jab
On Logan Paul's podcast earlier this month, seven-time NFL champ Tom Brady dismissed pro wrestling as 'cute' amid Paul's boasts about his WWE feats. Women's World Champion Liv Morgan, fresh off her 2026 Royal Rumble win, countered that WWE athletes could handle football but questioned if football stars could match wrestling's demands—no offseasons, global travel, and high-flying action. Randy Orton upped the ante, saying he'd love to hit Brady with an RKO, while CM Punk embraced the 'cute' label; the banter builds excitement ahead of Elimination Chamber this weekend and WrestleMania 42 in April.
News
Boxing
Ryan Garcia Dominates Barrios to Win WBC Welterweight Title
At T-Mobile Arena in Las Vegas on Saturday night, the 27-year-old southpaw outlanded Barrios in every round, sweeping all 12 on media cards for a unanimous decision victory with scores of 119-108, 120-107, and 118-109. It was Garcia's first major world title, coming after ups and downs like his 2024 win over Devin Haney that turned into a no-contest due to a positive ostarine test. Post-fight, he posed backstage mimicking Kobe Bryant's iconic trophy photo, called out Shakur Stevenson, and drew shade from Haney over past PED issues despite passing pre-fight tests.
News
Wrestling/Gaming
Mr. Iguana's Custom Wrestler Becomes Official in WWE 2K26 with AAA Stars
WWE Games revealed AAA Lucha Libre stars like Mr. Iguana, La Yesca, Psycho Clown, and Lady Flammer for Ringside Pass Season 1 DLC, available with early access on March 6, 2026. Mr. Iguana, created as a custom persona back in 2007, joins partners in dynamic poses with glowing effects and props. The additions blend Mexico's wrestling heritage with WWE action, alongside staples like Charlotte Flair and DX-era Shawn Michaels, as the full game launches March 13 on PS5, Xbox Series X|S, PC, and Nintendo Switch 2.
News
Best Quotes Of The Day
Media Man
Cryptocurrency, Finance and World
"Volatility is Satoshi’s gift to the faithful." - Michael Saylor
"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme." — Naval Ravikant
"In the future, national currencies will become obsolete. Bitcoin will become the single global currency." — Jack Dorsey
News
Pop Culture
Dream Matches: Fantasy Booking
Bulls vs Bears
Crypto King vs Mr World Bank
Citizens vs NWO
Neo vs Agent Smith
John McAfee vs You Know Who!
TKO vs Naysayers
Jake Paul, Polymarket and BETR vs Naysayers
Pro Boxing vs Newspaper Reports
VKM vs The World
Paul Bros vs Mainstream Wokes
Mr X vs Mr Bluesky
Chris Jericho vs Dirtsheets
NFL vs everyone
Zuffa vs MVP
Netflix vs World
Meta vs Australia
White Light vs Dark Matter
Lexis King vs NIL's (WWE NXT)
Volk vs Naysayers (UFC: Sydney, Australia)
Brock Lesnar vs Everyone! (WWE Royal Rumble)
Zuffa Boxing vs Golden Boy
Zuffa vs Matchroom
Aspinall vs White
Netflix Sports vs The World
VMP, Jake Paul and ESPN vs Others
Beast vs Flakes
Spy vs Spy - War Games
The Vision vs Mr Injury and The Masked Man aka Seth Rollins
Roman Reigns vs CM Punk - verbal confrontation on WWE RAW! - Road To WrestleMania!
Jade Cargill vs Rhea Ripley - WrestleMania?!
Drew McIntyre vs Cody Rhodes - WWE Undisputed Title - Today on WWE SmackDown
Jaida Parker vs Blake Monroe - Street Fight - NXT Vengeance Day
Joe Hendry vs Ricky Saints - NXT Title - NXT Vengeance Day (in approx 24 hours)
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