Crypto market hedges Iran war risks with 24/7 oil and gold trading

By Sidhartha Shukla and Muyao Shen Bloomberg News via Yahoo News, Sunnyvale, California Saturday, February 28, 2026 One of crypto's favorite 24/7 trading venues has become an unlikely hotspot for commodities and traditional asset classes this weekend, as traders scramble for round-the-clock hedges amid escalating tensions between the U.S., Israel and Iran. Perpetual swap futures, a type of futures contract that does not expire, tied to oil jumped about 5% to $70.6 per barrel on crypto-exchange Hyperliquid, while those for gold and silver rose roughly 1.3% and 2% to $5,323 and $94.9 per troy ounce, respectively. The moves may offer some indication of how those markets could respond once mainstream trading resumes on Monday. ... Dispatch continues below ... ... ADVERTISEMENT ... Bullion Star Opens in the U.S., Selling and Vaulting Gold and Silver Bullion Star is now open in the United States, offering gold and silver bullion at extremely competitive prices with free delivery. Bullion Star also offers customers a year of free vault storage along with free delivery as well as storage in its secure precious metals vault in Dallas, Texas. Storing precious metals is challenging. Homeowner's insurance seldom covers precious metals, and safe deposit boxes offered by banks are neither insured nor covered by the government deposit insurance. Bullion Star's vault is an independently run, Class III UL-rated vault with uncompromising surveillance and round-the-clock security. With Bullion Star you can transact and store your metals securely and confidentially. Your bullion is fully insured against all risks at full replacement value. Bullion Star uses five audit methods to verify the existence and correctness of your stored bullion. For more information, please visit: https://www.bullionstar.us/ Meanwhile, Bitcoin reversed earlier losses to rise as much as 2.3% to around $67,000 in afternoon trading in New York. Ether gained 2.4% at one point to $1,968. Silver led activity among perps for commodities on Hyperliquid, with more than $227 million in trading volume over the past 24 hours. Gold contracts saw about $173 million change hands. U.S. equity-linked indexes on the platform fell between 0.4% and 0.75%. ... ... For the remainder of the report: https://finance.yahoo.com/news/oil-gold-rally-hyperliquid-24-131937525.html * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png