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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.

The Strait of Hormuz has not been closed, contrary to claims by Iran's Islamic Revolutionary Guard Corps (IRGC), Fox News reported, citing the U.S. Central Command. Iran is reportedly not patrolling the strait, and there are no signs of any mine-laying activity. The IRGC had previously issued a formal warning that it would close the strait and burn any ships passing through. The Strait of Hormuz is a strategic waterway through which approximately 20% of the world's oil supply passes.

The recent rebound in Bitcoin was primarily driven by the recovery of the Coinbase Premium, not geopolitical issues, according to a CryptoQuant contribution by an analyst from XWIN Research Japan. The Coinbase Premium Index measures the price difference between the U.S.-based exchange and the global market average, with a rising value indicating stronger U.S. buying pressure. The analyst noted that a recent recovery in demand for spot ETFs caused the premium to turn positive for the first time in about 40 days, helping BTC rebound above $68,000. While tensions in the Middle East caused a temporary drop in BTC, its rapid recovery alongside the stock market suggests that geopolitical factors were not the main driver of this rebound, the analyst explained. The contribution also pointed to derivatives data, noting that funding rates are neutral and leverage ratios are not high, which further suggests the rally is based on spot demand.

Riot Platforms (RIOT) achieved record-high performance driven by its diversification into artificial intelligence (AI) and high-performance computing (HPC) infrastructure, The Block reported. The company posted annual revenue of $647.4 million last year, while its Bitcoin mining output rose to 5,686 BTC from 4,828 BTC the previous year. Riot Platforms currently holds more than 18,000 BTC. The strong results were attributed to Bitcoin reaching a new all-time high last year and the company's successful business diversification.

Although Bitcoin has rebounded by approximately 10% since last weekend, demand in its futures market has fallen to the lowest level since 2024, according to an analysis by Cointelegraph. Open interest (OI) for BTC futures on major exchanges stands at $32 billion, down 20% from a month ago, with demand for long positions being particularly sluggish. The media outlet suggested that the sluggish OI indicates institutional investor interest has shifted to other markets, such as gold and stocks. However, it added that it is difficult to conclude that institutions have fully exited the market, considering the trading volume of spot ETFs and the BTC holdings of major corporations.

Cryptocurrency mining firm Core Scientific (CORZ) reported fourth-quarter earnings that fell short of expectations, CoinDesk reported. Revenue was $79.8 million, down from $94.93 million in the same period a year earlier and below the market consensus of $122.08 million. The underperformance was attributed to profitability pressures from reduced mining rewards following the Bitcoin halving, a rising hashrate, and increased energy costs. Core Scientific is diversifying its business beyond mining into high-performance computing (HPC) and AI hosting.

The New York Stock Exchange's (NYSE) potential entry into the tokenized stock market could mark a structural turning point for the industry, according to an analysis by Canadian investment bank TD Securities. In a recent report, the bank said the NYSE's pursuit of a tokenized stock alternative trading system (ATS) is already creating substantial changes in market structure, Cointelegraph reported. TD Securities noted that this approach, which integrates blockchain for settlement while adhering to existing regulations, will expand the tokenized asset market beyond its current focus on private credit and government bonds into the equities sector. This expansion is expected to accelerate the inflow of institutional liquidity.

The U.S. District Court for the Southern District of New York has dismissed a class-action lawsuit against Uniswap (UNI) and its founder, Hayden Adams, concerning scam cryptocurrencies, The Block reported. The plaintiffs alleged they incurred losses from scam tokens traded on Uniswap and claimed the platform facilitated the fraudulent activity. However, the court ruled that merely providing a trading platform cannot be considered aiding and abetting fraud. Adams also stated that the responsibility should lie with the scam projects themselves, arguing it is unfair to hold a platform provider liable for such damages.

Tokenized securities platform Bitfinex Securities is resuming the issuance of a $10 million USDT-based tokenized bond on the Bitcoin sidechain Liquid Network, Cointelegraph reported. This marks the first such issuance since a $6.2 million offering in 2023. All processes, including fundraising, yield payments, and principal repayment, will be conducted on-chain. The media outlet noted that the move is significant as it comes amid controversy surrounding regulations on stablecoin yield payments within a proposed U.S. crypto market structure bill (CLARITY).

The EVM-compatible project Monad (MON) has integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP), Cointelegraph reported. This integration enables the transfer of Coinbase's cbBTC from the Base chain to the Monad chain.

Solana-based memecoin launchpad Pump.fun (PUMP) has begun supporting competing cryptocurrencies such as Raydium (RAY) and Meteora (MET), along with wrapped assets like wBTC, The Block reported. The move is part of a strategy to prevent user churn and increase engagement time, signaling a plan to evolve from a memecoin-focused platform into an all-in-one trading app. Pump.fun has recently been expanding its business related to its proprietary decentralized exchange (DEX), PumpSwap.

A senior official from Iran's Islamic Revolutionary Guard Corps (IRGC) has warned that it will close the Strait of Hormuz and burn any ships passing through, according to multiple media outlets. The strait is a strategic waterway through which approximately 20% of the world's oil supply passes.

The three major U.S. stock indices closed mixed today. - S&P 500: +0.04% - Nasdaq: +0.36% - Dow Jones: -0.15%