Israel carried out a preemptive strike against Iran

February 28 – Market reports indicate Russia is weighing a pause in peace talks unless Ukraine agrees to relinquish some territory.

On February 28, multiple government ministries in southern Tehran—Iran’s capital—were targeted in an Israeli airstrike, per CCTV reports. Iranian officials say the country is preparing a "devastating" retaliatory response. Israeli sources confirm all senior Iranian government officials were targets of the strike.

Feb. 28 — An Israeli government official stated Wednesday that Israel is gearing up for a first-of-its-kind four-day intensive joint operation, per CCTV.

On February 28th, data from the Coinbob Popular Address Monitor shows safe-haven on-chain precious metal contracts led gains as markets closed, fueled by escalating US-Iran tensions. Gold briefly surged to $5,386 per ounce, while silver hit a temporary high of $96.3 per ounce. Currently, the largest long position in on-chain PAXG (on-chain gold) — held by Hyperliquid early contributor Loracle — has seen unrealized profits climb to $460,000 (roughly 27%). The position totals $8.42 million, with an average entry price of $5,047. Loracle (X: @loraclexyz), formerly known as Laurent Zeimes, is an active figure in the Hyperliquid ecosystem. Recognized as an early contributor, he founded Hypurrfun and has recently been active in Hyperliquid’s contract market.

On Feb 28, Israeli sources stated that Iranian President Ebrahim Raisi survived an assassination attempt, and that the operation against Iran had achieved all its objectives. (FXStreet)