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An anonymous whale address starting with 0x172 borrowed $7 million in USDC from Aave (AAVE) to purchase an additional 3,753 ETH amid the market downturn, Onchain Lens reported. The average purchase price was $1,865 per coin. This whale now holds a total of 15,964 ETH, valued at $29.68 million.

Bitcoin's daily decline is approaching 4% after Israel conducted a preemptive strike on Iran, Cointelegraph reported. The price of BTC is currently testing the $63,000 support level. With the February monthly close just hours away, the publication noted that Bitcoin is at risk of recording its fifth consecutive monthly decline for the first time in seven years. A higher-than-expected U.S. Producer Price Index (PPI) for January, announced on Feb. 27, is also contributing to negative market sentiment. Meanwhile, according to Coinglass data, forced liquidations have surpassed $250 million in the past four hours. Per CoinMarketCap, BTC is trading at $63,658.51, down 6.42% over the past 24 hours.

Israeli Prime Minister Benjamin Netanyahu announced in a statement that the United States and Israel have launched action to eliminate the threat from the Iranian regime. He stressed that Iran will absolutely not be allowed to possess nuclear weapons.

The Israel Defense Forces (IDF) announced it had detected missiles fired toward Israel. Iran was confirmed to have launched a total of 30 ballistic missiles at the country.

U.S. President Donald Trump has issued an official statement regarding an attack on Iran, financial news outlet jin10 reported. Trump announced that the U.S. had just launched a significant military operation in Iran with the goal of protecting the American people by eliminating the threat from the Iranian regime. He added that Iran is developing long-range missiles that threaten the U.S. and other nations, vowing to destroy these missiles and devastate the country's missile industry. Trump emphasized that Iran will never be allowed to possess nuclear weapons. Previously, the Israeli defense minister had stated that Israel conducted a preemptive strike on Iran to eliminate threats. U.S. media outlets, including CNN, have reported that the attack was a joint operation between the U.S. and Israel.

Major exchanges have seen $219 million worth of futures liquidated in the past hour. In the past 24 hours, $489 million worth of futures have been liquidated.

South Korean crypto exchange Bithumb has announced the temporary suspension of deposits and withdrawals for ZeroG (0G), citing network issues.

According to CoinNess market monitoring, BTC has fallen below $64,000. BTC is trading at $63,922.01 on the Binance USDT market.

Major exchanges have seen $117 million worth of futures liquidated in the past hour. In the past 24 hours, $387 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $65,000. BTC is trading at $64,831.75 on the Binance USDT market.

Israel's defense minister announced that the country has carried out a preventive strike on Iran, explaining the action was taken to remove a threat to the state. A preventive strike is launched against a perceived future threat, whereas a preemptive strike is a response to an imminent one. According to Reuters, explosions were heard in Iran's capital, Tehran, with reports of a strike near the office of the Supreme Leader. In Israel, air raid sirens were activated in Tel Aviv, and the defense minister has declared a nationwide state of emergency. Israel's Channel 12 television reported the operation was a joint attack against Iran conducted with the U.S.

Upbit announced it is temporarily suspending deposits and withdrawals for ZeroG (0G), effective immediately, due to a network issue.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 48.8% long, 51.2% short - Binance: 48.63% long, 51.37% short - OKX: 48.46% long, 51.54% short - Bybit: 48.19% long, 51.81% short

Police have launched an investigation into the theft of billions of won in cryptocurrency from South Korea's National Tax Service (NTS), Etoday reported. The National Police Agency has assigned the case to its Cyber Terror Response Division for a preliminary inquiry. The investigation follows allegations that $4.8 million (6.9 billion won) was stolen from a digital wallet after the NTS inadvertently exposed its "mnemonic code," which functions as a master key, in a press release. The agency had been publicizing its seizure of four cold wallet USBs belonging to a tax delinquent when the security breach occurred.

Crypto startups attracted $883 million in venture capital funding this February, a 13% decrease from the same period last year, DL News reported. DeFi platform Flying Tulip led the funding rounds, securing $206 million. It was followed by online marketplace Oop.com with $200 million and crypto bank Anchorage Digital with $100 million.

U.S. spot Bitcoin ETFs recorded a net outflow of $27.82 million on Feb. 27, according to data compiled by Trader T. The shift ends a three-day streak of net inflows. Key individual fund flows include: - BlackRock (IBIT): $32.99 million net outflow - Invesco (BTCO): $3.27 million net inflow - Franklin (EZBC): $1.9 million net inflow

A serious bug was discovered on the XRP Ledger, though it did not result in any actual damages, CoinDesk reported. The vulnerability, found in the signature verification logic of a proposed batch amendment, could have allowed an attacker to steal funds without a private key. The flaw was discovered and reported by the AI security tool Apex. No funds were compromised because the amendment was still in the validator voting phase and had not yet been activated on the mainnet.

Tether has frozen $4.2 billion in USDT linked to criminal activity to date, Reuters reported. Of this total, $3.5 billion has been frozen since 2023. The company also announced this week that it assisted the U.S. Department of Justice (DOJ) in freezing $61 million in USDT connected to a pig-butchering scam.

U.S. spot Ethereum ETFs experienced a net outflow of $43.6 million on Feb. 27, according to data from Trader T. This marks a shift to net outflows following three consecutive days of net inflows. - BlackRock's ETHA: -$43.6 million

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $95.23 million liquidated (80.02% longs) - ETH: $84.48 million liquidated (85.33% longs) - SOL: $14.77 million liquidated (79.59% longs)

On-chain analyst ai_9684xtpa reported that 28,723 XAUT, valued at $151 million, was transferred from a Tether Treasury address to a wallet managed by Abraxas Capital, a London-based asset management firm. Abraxas Capital is one of Tether's largest institutional clients and at one point held 1.5% of the total USDT supply.

David Sacks, head of AI and cryptocurrency at the White House, said via X that it is time for the banking sector to make corresponding concessions on the CLARITY Act, a bill on crypto market structure. He argued that the crypto industry has already made a significant compromise regarding interest on stablecoins. Sacks added that Patrick Witt, executive director of the White House Crypto Advisory Council, is working to find a compromise between the banking and crypto industries. The White House reportedly pushed for negotiations over the weekend to reach an agreement before March, but the two sides remain far apart, and a committee vote has not yet been scheduled. The banking sector is demanding strict restrictions on stablecoins, arguing they can function like deposits, a position opposed by crypto firms like Coinbase. Other key points of contention include the scope of limits on exchange incentives, the obligations of DeFi developers, and regulatory jurisdiction.

Hyperliquid Strategies (PURR) is the only crypto-accumulating entity (DAT) currently in profit, with all others holding unrealized losses, on-chain data platform Artemis reported via its official X account. PURR's unrealized profit stands at approximately $356.6 million.

Google search volume for "How to buy Bitcoin" is nearing its 2021 peak, Cointelegraph reported via its official X account.

The passage of a U.S. bill on crypto market structure, known as the CLARITY Act, is being delayed in the Senate due to a standoff between the banking and cryptocurrency industries, BeInCrypto reported. The White House reportedly pushed for negotiations over the weekend to secure an agreement before March, but the two sides failed to narrow their differences, preventing even a committee vote from being scheduled. The central point of contention remains whether stablecoin holders can be offered interest on their assets. The banking sector is demanding strict limitations, arguing that interest-bearing stablecoins could function like bank deposits, a position opposed by crypto industry players like Coinbase. Disagreements also persist over other key issues, including the scope of restrictions on exchange incentives, the extent of obligations for DeFi developers, and regulatory jurisdiction.