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An anonymous whale or institution has opened an additional 20x long position of 550 BTC, worth $37.45 million, on Hyperliquid at an average price of $68,266.9, according to EmberCN. The same address is also currently holding a 15x ETH long position valued at $139 million.

NEXUS, led by CEO Henry Chang, has raised 13.3 billion won (approx. $10 million) to strengthen its Digital Asset Treasury (DAT) strategy, Cheonji Ilbo reported. The company recently announced the financing through a capital increase via a third-party allotment and the issuance of convertible bonds. Of the total, roughly 11.3 billion won ($8.5 million) from the capital increase will be used to acquire major virtual assets such as Bitcoin (BTC), Tether (USDT), and CROSS ($CROSS). The remaining 2 billion won ($1.5 million) from the convertible bonds will be utilized for operational expenses.

Andrei Grachev, co-founder of crypto market maker DWF Labs, stated on X that he has been heavily accumulating various cryptocurrencies over the past month, including shitcoins, altcoins, BTC, and BNB. He added that he is waiting for the market to rebound, emphasizing that the subsequent move will be on an unprecedented scale.

Jan van Eck, CEO of asset management firm VanEck, has stated that Bitcoin is entering the final phase of its four-year halving cycle and is currently forming a market bottom. In an interview with CNBC, he explained that Bitcoin's price, with its limited supply of 21 million, has historically been driven by its halving structure, where mining rewards are cut in half every four years. This has led to a recurring investment cycle where BTC typically rises for three years before undergoing a significant correction in the fourth year. He noted that this year is that fourth year, and the current bear market is a result of this pattern, which he believes does not require complex interpretation. He added that the market is now in a bottoming phase. Van Eck also suggested that the recent rebound could be partly influenced by the emergence of crypto-based payment infrastructure as an alternative following U.S. and Israeli airstrikes on Iran.

South Korea's ruling party and government officials will hold a council meeting on March 5 to discuss the second phase of virtual asset legislation, known as the Digital Asset Basic Act, Digital Asset reported. This marks the first such meeting on the bill in three months, following a session on Dec. 1 of last year. The discussion comes after the ruling Democratic Party's Digital Asset Task Force held a meeting today, March 3, to coordinate on key issues. Additionally, the Financial Services Commission is scheduled to hold its first virtual asset committee meeting of the new administration on March 4. The main points of contention include restrictions on the stakes of major shareholders in digital asset exchanges and the types of entities permitted to issue stablecoins. The outlet noted that the legislative process is expected to face hurdles due to strong opposition from the industry and serious concerns from academia, adding that the primary sponsor of the bill has not yet been determined.

Ripple Prime, formerly Hidden Road, has been listed in the directory of the U.S. National Securities Clearing Corporation (NSCC). According to BeInCrypto, the NSCC's parent company, the Depository Trust & Clearing Corporation (DTCC), announced on March 2 that Hidden Road Partners CIV US LLC was included in its Market Participant Identifier (MPID) directory. When Ripple acquired Hidden Road last October, it stated its intention to move post-trade operations to the XRP Ledger (XRPL) to streamline processes and reduce costs. The listing is expected to shift institutional post-trade volumes to the XRPL, which industry observers interpret as a sign of expanding institutional adoption for the ledger.

Binance announced it will list the AVAX/U, LINK/U, LTC/U, PAXG/U, and ZEC/U spot trading pairs at 8:00 a.m. UTC on March 5.

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: 50.55% long, 49.45% short - Binance: 51.06% long, 48.94% short - OKX: 50.28% long, 49.72% short - Bybit: 50.12% long, 49.88% short

According to CoinNess market monitoring, BTC has fallen below $68,000. BTC is trading at $67,990.06 on the Binance USDT market.

While selling pressure on Bitcoin has eased, the broader bear market trend remains intact, Cointelegraph reported, citing several analysts. In a report on March 3, 10x Research noted that Bitcoin's ability to halt its decline amid risk-off sentiment signals that downward momentum is fading. Arctic Digital stated that while increased spot ETF inflows and a recovery in the Coinbase Premium are preventing a steeper fall, these are merely technical shifts rather than a bullish reversal. Similarly, the Bitrue research team attributed the recent rebound to a short squeeze driven by negative funding rates in the derivatives market. They concluded that the downtrend is still in effect, citing a lack of structural capital inflows and macroeconomic triggers.

Bank of Japan (BOJ) Governor Kazuo Ueda announced on March 3 that the central bank will conduct technical verification for a plan to digitize a portion of its current accounts on a blockchain to enable real-world settlements. According to Newspim, Ueda made the remarks at FIN/SUM 2026, a major fintech event co-hosted by Nikkei and Japan's Financial Services Agency. The media outlet noted that the move is being interpreted as a signal that the BOJ is advancing beyond simply studying the issuance of a central bank digital currency (CBDC) and is now beginning to earnestly experiment with linking central bank funds directly to blockchain-based infrastructure.

Average daily crypto trading volume in South Korea has increased by 1 trillion won over the past two months, Chosun Biz reported. According to data from CoinGecko, the average daily volume on the country's five largest exchanges grew from approximately 2.8 trillion won in the first week of January to around 3.8 trillion won in the last week of February. An official from one exchange suggested that the $60,000 level is acting as strong psychological support for Bitcoin's price. The official added that this has led to a belief that the market has bottomed out, prompting funds that had exited in previous months to gradually return.

Near Protocol (NEAR) has surged 17% after launching "Confidential Intents," a transaction privacy execution layer, CoinDesk reported. Unlike privacy coins such as Monero (XMR) and Zcash (ZEC), which conceal all transactions, the new feature allows for selective privacy at the execution stage, a design noted for its focus on regulatory compliance. Over the past seven days, NEAR has gained more than 40%, outperforming other cryptocurrencies in the privacy sector.

Binance announced it will delist several margin trading pairs at 6:00 a.m. UTC on March 5. The exchange will remove the CHZ/BTC, CAKE/BTC, ENA/BTC, UNI/ETH, CRV/BTC, INJ/BTC, and XTZ/BTC cross margin pairs. It will also delist the FET/BTC, OP/BTC, PAXG/BTC, CHZ/BTC, CAKE/BTC, ENA/BTC, CRV/BTC, INJ/BTC, and XTZ/BTC isolated margin pairs.

Whale Alert reported that 270,000,000 USDC has been transferred from an unknown wallet to HTX. The transaction is valued at about $270 million.

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.