Gate Research Institute: BTC has not yet decoupled from SaaS technology companies | Palantir criticizes Anthropic's safety restrictions

Cryptocurrency Asset Overview

BTC (+7.17% | Current Price: 72,443.1 USDT)

Bitcoin surged over 7% on Wednesday, driving the total crypto market capitalization back above $2.5 trillion, with a daily gain of approximately 5.5%. This rebound was mainly driven by short squeeze dynamics. Previously, due to tensions in Iran, the market experienced a concentrated sell-off, and the funding rate for Bitcoin perpetual contracts briefly dropped to extreme lows. As geopolitical risks did not escalate further, funds that had positioned for a decline began to close their positions, fueling a rapid price rebound. Vetle Lunde, Head of Research at K33 Research, noted that Bitcoin’s weekly RSI once dipped to 26.84, marking the third-lowest oversold level in history, providing technical support for the bounce.

ETH (+8.36% | Current Price: 2,111.66 USDT)

On Wednesday, Ethereum’s intraday gains approached 9%, breaking through $2,100. From a daily chart perspective, ETH remains below its 100-day and 200-day moving averages, both of which are trending downward, indicating a generally weak trend. Currently, the price is within a descending channel, with recent rebounds mainly supported by the channel’s lower boundary rather than a trend reversal signal. Key resistance remains in the $2,300–$2,400 range, which previously served as an important pivot during the accumulation phase. The main support is at $1,800, validated multiple times after previous declines. If ETH can close above $2,400 on the daily chart, it could mark the first step toward a structural bullish reversal.

GT (+4.36% | Current Price: 7.18 USDT)

After a phase of macro risk release, GT experienced a corrective rebound from oversold levels. The 1-hour chart shows that since the low on Sunday, the price has oscillated upward, failing to break resistance at $7.2 and pulling back to around $7.0 for consolidation. On Wednesday evening, along with mainstream coins, it briefly surged to $7.46. After breaking above the upper Bollinger Band, momentum slowed, and the price is now approaching the middle band of the Bollinger Bands. From a daily perspective, GT remains in a range-bound pattern without a clear breakout trend.

Top Gainers and Losers in the Past 24 Hours

Over the past 24 hours, the overall crypto market has shown strength, with risk appetite recovering after a period of heavy selling. The Fear & Greed Index is now at 29, a significant improvement from last week. Notably, this rally appears to be driven more by market sentiment and trading behavior rather than a genuine trend reversal. Among mainstream assets, BTC (+7.04%), ETH (+8.15%), and SOL (+5.09%) led the gains, performing relatively well. In the altcoin space, EDGE, LMTS, and MANTRA have shown impressive performance, which will be analyzed below.

EDGE Definitive (+81.01%, Market Cap: $64.56 million)

According to Gate data, EDGE is currently priced at $0.17913, up over 81.01% in 24 hours. Definitive (EDGE) is a cross-chain decentralized trading terminal designed to provide advanced trading tools for all traders. It aggregates liquidity from over 100 DEXs across multiple blockchains and supports advanced order types such as limit orders, stop-loss orders, and TWAP.

EDGE was listed on Korean exchanges on March 4, providing direct trading channels for Korean traders, known for high retail participation and active trading, which brought in substantial new buying demand. Recently, the Korean KOSPI index has fallen sharply, while newly listed altcoins on local exchanges have performed strongly, indicating some funds may have shifted from stocks to crypto assets like EDGE, further fueling the rally.

LMTS Limitless (+39.38%, Market Cap: $22.54 million)

Gate data shows LMTS is currently priced at $0.17024, up over 39.38% in 24 hours. Limitless is a decentralized prediction market platform where users can trade on real-world events using simple yes/no contracts. It employs a centralized limit order book (CLOB) for efficient trading, with market contracts as short as 5 minutes.

The recent rise in LMTS is mainly driven by market sentiment and speculation, with high retail trading activity. The turnover rate reached 0.198, and the 7-day increase accelerated to 51.37%, indicating good market liquidity relative to its market cap. If buying momentum remains above $0.150, it could test the psychological level of $0.200; a drop below $0.120 might trigger a significant correction.

MANTRA MANTRA (+54.70%, Market Cap: $84.09 million)

According to Gate data, MANTRA is currently priced at $0.02322, up 54.70% in 24 hours. MANTRA is a security-first RWA Layer 1 blockchain capable of complying with and enforcing real-world regulatory requirements. Built for institutions and developers, it offers a permissionless blockchain suitable for licensed applications.

The price increase coincided with the March 4 announcement of the migration from the old OM token to the new MANTRA token. Such events often cause re-pricing, token swaps, and attract speculative capital. MANTRA’s 24-hour trading volume surged by 889,623.85%, reaching $225 million, reflecting high market attention.

Hot Topics

Escalation of AI Military Application Controversy: Palantir Criticizes Anthropic’s Safety Restrictions

Recently, tensions between Palantir Technologies and Anthropic escalated rapidly over US military AI usage policies. Anthropic refused to relax two core restrictions on its model Claude—prohibiting use for large-scale surveillance and fully autonomous weapons—leading to conflicts with the Department of Defense. Subsequently, the government ordered federal agencies to cease using Anthropic’s technology and instructed defense contractors, including Palantir, to gradually phase out Claude models. Since Palantir’s Maven AI military intelligence system relies on Claude, this decision forced it to rebuild parts of its AI software architecture and seek alternative models, potentially impacting over $1 billion in defense contracts.

This conflict exemplifies the tug-of-war between AI safety ethics and national security needs: Anthropic aims to uphold safety boundaries, while the military and contractors like Palantir prioritize battlefield efficiency and technological availability. In the short term, this may accelerate the military’s shift toward more open model providers (e.g., OpenAI, xAI); in the long term, it could trigger a reorganization of AI military supply chains and accelerate strategic divergence among AI firms regarding safety principles and government contracts.

OpenAI’s Annual Revenue Exceeds $25 Billion, Up 230%

On March 5, The Information reported that by the end of February 2026, OpenAI’s annualized revenue surpassed $25 billion. CFO Sarah Friar confirmed in a January 2026 blog and multiple reports that 2025 revenue exceeded $20 billion, a roughly 230% increase from 2024’s $6 billion. However, some subsequent investor disclosures indicate that actual full-year 2025 revenue was about $13.1 billion, higher than the initial target of $10 billion but below the peak annualized estimate of $20 billion. After rapid growth mid-2025, the pace slowed in the second half. CNBC estimates that mid-2025 annualized revenue was around $10–13 billion, declining to about $5.5 billion at year-end.

Notably, Anthropic, a direct competitor, had mid-2025 annualized revenue of about $4 billion, surging to approximately $9 billion by year-end, driven by enterprise clients and products like Claude Code. As of early March, its latest annualized revenue exceeded $19 billion. Claude Code’s run rate has surpassed $2.5 billion, with over 500 clients spending more than $1 million annually. The gap between Anthropic and OpenAI is narrowing.

Arthur Hayes Says the Rebound Is Illusory; BTC Has Not Decoupled from SaaS Tech Stocks

On March 5, BitMEX co-founder Arthur Hayes stated that after Bitcoin rebounded above $74,000, BTC (white line) has not decoupled from US SaaS tech stocks (green line). Overall, he considers this rebound a “dead cat bounce,” and we have not fully escaped the downward trend, advising patience.

A dead cat bounce describes a sharp, brief rebound after a significant, sustained decline, which is merely an illusion and often followed by further drops to new lows. Historically, Hayes emphasizes the macro liquidity’s influence on crypto. He repeatedly highlights Bitcoin’s role as a global liquidity indicator, especially during monetary policy shifts or geopolitical events (e.g., US elections, debt ceiling negotiations, Treasury refinancing announcements), where Bitcoin often reacts ahead of traditional markets, reflecting liquidity expectations. Despite the short-term bearish outlook, Hayes’s long-term stance remains unchanged.

**References:** - Gate, [https://www.gate.com/trade/BTC_USDT](https://www.gate.com/trade/BTC_USDT) - Farside Investors, [https://farside.co.uk/btc/](https://farside.co.uk/btc/) - Gate, [https://www.gate.com/trade/ETH_USDT](https://www.gate.com/trade/ETH_USDT) - CoinGecko, [https://www.coingecko.com/en/cryptocurrency-heatmap](https://www.coingecko.com/en/cryptocurrency-heatmap) - Reuters, [https://www.reuters.com/technology/palantir-faces-challenge-remove-anthropic-pentagons-ai-software-2026-03-04/](https://www.reuters.com/technology/palantir-faces-challenge-remove-anthropic-pentagons-ai-software-2026-03-04/) - Theinformation, [https://www.theinformation.com/articles/openai-tops-25-billion-annualized-revenue-anthropic-narrows-gap](https://www.theinformation.com/articles/openai-tops-25-billion-annualized-revenue-anthropic-narrows-gap) - X, [https://x.com/CryptoHayes/status/2029285314225947098/photo/1](https://x.com/CryptoHayes/status/2029285314225947098/photo/1)
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