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Prediction market platform Kalshi is facing a potential suspension of its operations in Nevada after a U.S. federal court remanded its dispute with the state to a state-level court, Decrypt reported. The decision opens a path for Nevada regulators to seek an injunction to halt the service. The federal court ruled that the claims made by the Nevada Gaming Control Board are based on state law and that the federal Commodity Exchange Act (CEA) does not fully preempt the matter, concluding that the federal court lacks jurisdiction. If Nevada secures an injunction, Kalshi may be forced to temporarily suspend its services in the state while the main lawsuit proceeds. Kalshi and other prediction market platforms like Polymarket have long argued that the Commodity Futures Trading Commission (CFTC) holds exclusive jurisdiction over designated contract markets and event contract platforms.

Iranian cryptocurrency trading volume has plummeted by 80% following airstrikes by the U.S. and Israel, but market infrastructure remains operational, The Block reported, citing data from TRM Labs. While Elliptic raised concerns about potential large-scale capital flight—noting that outflows from Iranian exchange Nobitex surged 700% to approximately $3 million after the attacks—TRM Labs assessed the activity as being within routine levels.

U.S. spot Ethereum ETFs recorded a total net inflow of $38.65 million (56 billion won) on March 2, according to data from Trader T. This marks a return to net inflows after a single day of net outflows, with no individual ETF experiencing net outflows during the day. - BlackRock's ETHA: +$26.47 million - Fidelity's FETH: +$1.02 million - Bitwise's ETHW: +$2.19 million - Grayscale's ETHE: +$4.15 million - Grayscale's Mini ETH: +$4.82 million

A whale linked to crypto financial services firm Matrixport has opened a 20x leveraged long position of 400 BTC, valued at $27.3 million, according to Lookonchain. The whale also holds a long position of 120,000 ETH ($241 million).

U.S. spot Bitcoin ETFs recorded a total net inflow of $962.48 million (1.4079 trillion won) on March 2, according to data compiled by Trader T. The figure marks a return to net inflows after a single day of net outflows. - BlackRock (IBIT): +$767.47 million - Fidelity (FBTC): +$94.80 million - Bitwise (BITB): +$36.40 million - Ark (ARKB): +$5.73 million - Invesco (BTCO): +$6.20 million - Franklin (EZBC): +$13.98 million - VanEck (HODL): +$19.54 million - Grayscale Mini BTC: +$18.36 million

A governance proposal to cap the total supply of Aptos (APT) tokens at 2.1 billion has passed a community vote, ending the token's unlimited issuance mechanism, The Defiant reported. The proposal is part of a strategy to strengthen the deflationary structure of the APT token and includes measures such as reducing staking rewards, increasing gas fees, and using a portion of transaction fees for token buybacks.

Binance announced it will temporarily suspend deposits and withdrawals for Polygon (POL) starting at 1:00 p.m. UTC on March 4 to support the network's upcoming upgrade and hard fork.

The Korea Exchange, the sole securities exchange operator in South Korea, triggered a temporary trading curb on the benchmark KOSPI index on the sell side, marking the third such action this year.

The "Aave Will Win" governance proposal from Aave Labs has passed its initial Snapshot vote, but questions have been raised about the legitimacy of the process, Cryptopolitan reported. Marc Zeller, founder of the Aave Chan Initiative (ACI), a governance group for Aave, pointed out that addresses associated with Aave Labs altered the outcome of the vote. He noted that these addresses were delegated a total of 233,000 AAVE, which includes 111,000 AAVE from Aave co-founder Stani Kulechov. According to Zeller, the proposal would have failed if these tokens were excluded. The proposal seeks to introduce a structure where 100% of the revenue from products developed by Aave Labs is allocated to the DAO treasury. It also includes provisions for up to $42.5 million in stablecoins and 75,000 AAVE tokens.

Police have arrested the first individual who stole cryptocurrency from South Korea's National Tax Service (NTS) and are now tracking a second suspect, Yonhap News reported. A police agency official said at a press briefing today that the first suspect submitted a confession via the cybercrime reporting system on Feb. 28. The individual was arrested on March 1 based on that confession, and authorities are now pursuing the second suspect. The leak occurred after the NTS inadvertently exposed a mnemonic code, which acts as a master key, in a press release on Feb. 26. The release detailed the seizure of four cold wallet USBs containing assets from a delinquent taxpayer.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $136.98 million liquidated (67.61% shorts) - ETH: $85.24 million liquidated (67.67% shorts) - SOL: $18.34 million liquidated (56.8% shorts)

Nasdaq-listed Empery Digital (ticker: EMPD), formerly Volcon, which has been strategically accumulating BTC, announced that it has no plans to sell its holdings. The statement follows a letter from shareholder Tice P. Brown, who owns a 9% stake in the company, urging the board of directors to sell all of its BTC and return the proceeds to shareholders.

Pump.fun (PUMP) announced that it bought back $9.19 million worth of PUMP last week. To date, the project has repurchased a total of $310 million in PUMP, representing 27.1% of the total circulating supply.

Binance announced it will list Opinion (OPN) for spot trading at 1:00 p.m. UTC on March 5. Ahead of the listing, the exchange has selected Opinion as its 72nd Launchpool project. Users can farm OPN by staking BNB, USDC, U, and USD1 from 12:00 a.m. UTC on March 3 until 12:00 a.m. UTC on March 5.

Digital asset payment startup Five Bells has secured seed funding in a round led by Ego Death Capital, Forbes reported. The specific investment amount was not disclosed. Other participants in the round included Epoch VC, Timechain, and Fulgur Ventures. Five Bells aims to solve settlement risk issues that arise during large-scale, inter-institutional Bitcoin transactions.

An address believed to belong to ParaFi Capital has deposited 42,500 AAVE, worth $5.27 million, to Coinbase over the past nine hours, Onchain Lens reported. Such deposits to exchanges are typically interpreted as a precursor to selling.

Janet Yellen, former U.S. Federal Reserve Chair and Treasury Secretary, predicted that the Fed will delay interest rate cuts due to rising inflationary pressures from the situation in Iran. According to Edaily, Yellen said the conflict has made the Fed more hesitant to lower rates. She warned of the risk that market participants could begin to think the Fed is not serious about bringing inflation down to its 2% target, despite having lowered it to 3%. Yellen cautioned that if this sentiment solidifies, inflation could become permanently higher, worsening the central bank's policy trade-offs.

CoinMarketCap's Altcoin Season Index has risen one point from yesterday to 36. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins, against Bitcoin. An "altcoin season" is declared when 75% of these top coins have outperformed Bitcoin over the past 90 days. Conversely, a period where Bitcoin outperforms is considered a "Bitcoin season." A score closer to 100 indicates a stronger altcoin season.

Japanese Prime Minister Sanae Takaichi has denied any connection to a cryptocurrency named "SANAE TOKEN." In a statement on X, she said that while she had heard the token was issued and being traded, she had no knowledge of it. Takaichi added that neither she nor the Prime Minister's Office had ever approved the token. According to data from Phantom, the token was issued on Solana and has a current price of $0.00872335, with a market capitalization of $8.9 million.

The Crypto Fear & Greed Index from data provider Alternative registered 14, up four points from the previous day. The index shifted from the "Fear" to the "Extreme Fear" stage on Jan. 30 and has remained there since. The index measures market sentiment on a scale of 0, indicating extreme fear, to 100, representing extreme optimism. It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

The United States has entered the preparatory phase for a large-scale attack on Iran within the next 24 hours, CNN reported, citing a high-ranking official. The U.S. currently believes its initial strikes successfully weakened Iran's defense systems. The next phase will reportedly focus on destroying missile production facilities, drones, and naval power. U.S. President Donald Trump previously stated that the real attack had not yet begun.

USAT, a U.S. regulatory-compliant stablecoin launched by Tether and issued by Anchorage Digital, has completed its first proof of reserves with Big Four accounting firm Deloitte, Decrypt reported. The report confirmed that as of Jan. 31, USAT's reserves of $17.6 million exceeded its circulating supply of $17.5 million. The stablecoin was launched in late January.

A provision banning the Federal Reserve from issuing a central bank digital currency (CBDC) has been included in the "21st Century ROAD to Housing Act," a bill recently announced by Republican members of the U.S. Senate Banking Committee, according to Eleanor Terrett, host of Crypto in America. Reporting on X, Terrett noted that the provision was previously excluded from last year's National Defense Authorization Act (NDAA) discussions but has now resurfaced. She added that the CBDC ban within the current bill is structured to expire in 2030.

PayPay, Japan's largest non-cash payment service, is pursuing a U.S. listing on the Nasdaq with a target valuation of over $100 billion, CoinDesk reported. The company plans to issue 55 million shares at a price between $17 and $20, aiming to raise up to $1.1 billion. Its proposed ticker is PAYP. PayPay expanded into the cryptocurrency market last October by acquiring a 40% stake in Binance Japan. The initial public offering (IPO) was originally scheduled for Monday but has been postponed due to market volatility stemming from the political situation in Iran.

Thirty-eight percent of all altcoins have fallen to near their all-time lows, signaling an extreme deterioration in market conditions, crypto analyst Darkfost said in a contribution to CryptoQuant. He explained that market liquidity is flowing into more volatile stock and commodity markets, leaving the crypto market in a very fragile state. The pressure on altcoins this cycle is the most significant on record, Darkfost noted. The percentage of altcoins hitting new lows now surpasses the 35% seen in April of last year and the 37.8% recorded during the FTX collapse. This trend, he argued, indicates declining market interest and worsening sentiment toward altcoins, with investors maintaining a conservative stance and staying away from the market.