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According to Jin Ten, ECB Governing Council member Nagel stated that the role of the dollar as the preferred traditional currency during uncertain times is increasingly being questioned, leading to its weakening exchange rate. He pointed out that there is growing skepticism about the dollar's status as a safe-haven currency, and the trend of dollar weakness is expected to continue, as the decline in international investors' confidence may persist.

Eleven U.S. senators have sent a letter to Treasury Secretary Scott Bessent and Attorney General Pamela Bondi, requesting a comprehensive review of Binance's compliance with U.S. sanctions and anti-money laundering requirements, as well as an assessment of its adherence to the 2023 settlement agreement.The letter cites reports indicating that approximately $1.7 billion in digital assets flowed through Binance to entities linked to Iranian terrorism, including organizations associated with the Houthis and the Islamic Revolutionary Guard Corps. Investigators also found that over 1,500 accounts were accessed by Iranian users, along with potential activities related to evading sanctions against Russia. The letter further notes that some compliance personnel at Binance who identified suspicious transactions were subsequently dismissed, and law enforcement agencies have indicated that Binance's cooperation in providing customer information has declined. Senators Chris Van Hollen, Ruben Gallego, and nine other senators co-signed the letter, expressing concerns about Binance's payment card launched in the former Soviet region and its partnerships related to stablecoins, believing these products could be used to evade sanctions. The senators have requested that the relevant agencies report on the review's progress by March 13. Additionally, Senator Richard Blumenthal initiated a congressional investigation into Binance this Tuesday, requesting relevant documents and internal records from Binance CEO Richard Teng. Binance denies the allegations, stating that it has identified and reported suspicious activities to authorities and does not allow Iranian users to access its platform.

YZi Labs issued a statement claiming that based on the disclosures from CEA Industries (BNC), 10X and its affiliates may exceed the 5% threshold for 13D filing by the end of 2025 due to large warrant exercises, but no corresponding disclosure has been observed; it also questioned whether the board's "poison pill" and other concerted actions and affiliations constitute an undisclosed "group," demanding immediate supplemental disclosure to the SEC.

According to Reuters, U.S. District Judge Andrew Carter in Manhattan dismissed Binance's request, rejecting the demand to resolve claims from customers who accused the trading platform of illegally selling unregistered tokens and causing significant losses through arbitration.Judge Andrew Carter of the Manhattan U.S. District Court stated that customers could file lawsuits in court for claims arising up to February 20, 2019, because Binance failed to adequately notify users that it had modified its terms of use, requiring disputes to be resolved through arbitration and waiving the right to sue collectively.A Binance spokesperson, in response to Judge Carter's ruling, stated, "Binance will vigorously defend the remaining limited claims in this case, which are baseless." Customers who suffered losses due to the seven tokens ELF, EOS, FUN, ICX, OMG, QSP, and TRX accused Binance of failing to warn about the "significant risks" associated with purchases as required by federal and state securities laws, and are seeking to recover the amounts paid.

According to the WSJ, on February 24, the court-appointed bankruptcy administrator of Terraform Labs has sued Jane Street in the federal court in New York, accusing it of engaging in front-running trades and profiting from non-public insider information provided by Terra insiders during the Terra collapse. The lawsuit reveals that Jane Street established a secret communication channel with Terraform Labs employees through former intern Bryce Pratt to obtain non-public confidential information. On May 7, 2022, Terraform Labs withdrew 150 million TerraUSD (UST) from the Curve liquidity pool without prior announcement, and Jane Street followed suit by withdrawing approximately 85 million UST through affiliated wallets in less than 10 minutes, completing the "front-running" trade before a massive market panic and the complete de-pegging of UST, which not only resulted in illegal profits but also accelerated the collapse of Terraform Labs and the Terra ecosystem.A spokesperson for Jane Street responded to the accusations from the Terraform Labs bankruptcy administrator, stating that the lawsuit is an attempt to extract money from Jane Street, and that Jane Street will vigorously defend its rights against "baseless and opportunistic allegations." In addition to the Terraform lawsuit, Jane Street was accused of market manipulation in India last year, resulting in the freezing of assets worth approximately 4.843 billion rupees (about 565 million dollars) and a ban on trading in the Indian securities market. There are also rumors that Chinese regulators are reviewing Jane Street's trading patterns in the Chinese ETF market.The crypto community has noted that since Jane Street was sued, the daily "10 AM crash" of Bitcoin (Eastern Time) has suddenly disappeared, with Bitcoin rising by 10% and its market capitalization increasing by approximately 120 billion dollars, marking the first green weekly candle for BTC after five consecutive red ones. During the same period, the total market capitalization of the cryptocurrency market also increased by nearly 200 billion dollars. Bloomberg ETF analyst Eric Balchunas stated, "This 'threat' has disappeared, which is the atmosphere felt today in CT and price movements. I also understand that the previous significant intraday drops nearly destroyed every rebound and undermined everyone's confidence. But is simply eliminating it enough to support a sustained rebound? We shall see."Speculation surrounding Jane Street has reignited discussions about the trading mechanism of Bitcoin spot ETFs. Analysts point out that the share creation and redemption of spot ETFs can be completed by authorized participants (APs) under a regulatory exemption framework, and does not necessarily require immediate buying and selling of Bitcoin in the public market; in cases of futures contango, APs may also hedge and protect through derivatives such as futures, leading to a time lag between ETF fund inflows and spot buying and short-term price performance.As a leading global quantitative trading giant, Jane Street has a broad presence in the cryptocurrency sector, primarily focused on infrastructure, DeFi, and crypto mining. Public information shows that Jane Street has invested in several crypto-native projects, including: ZetaChain, Arbitrum, 1inch, Euler Finance, Membrane Labs, Kaito, Vest Exchange, and others.In terms of equity, Jane Street significantly increased its holdings in several crypto mining companies through the secondary market between 2024 and 2026, including: approximately 5.4% of Bitfarms (BITF); approximately 5% of Cipher Mining (CIFR); and approximately 5% of Hut 8 (HUT). Additionally, Jane Street participated in multiple rounds of Kraken financing last year. Jane Street is also one of the main liquidity providers and stockholders of Coinbase.

The founder of the Aave ecosystem contribution organization ACI, Marc Zeller, released a public report disclosing that Aave Labs has received approximately $86 million in capital support since 2017, including ICO, VC financing, and direct grants from the DAO. Meanwhile, the founding team retained 23% of the LEND tokens during the 2017 ICO (which were later migrated to AAVE at a ratio of 100:1).The report points out that Labs had a capital base of about $48.7 million before receiving DAO funding, and subsequently received approximately $37.4 million in grants from the DAO. They are currently applying for an additional $51 million through the "Aave Will Win" proposal.The report critically questions the past performance of Labs' products, stating that six independent products launched apart from the core protocol have either failed or not achieved profitability. Among them, the RWA project Horizon once claimed to have surpassed $1 billion in scale, but the actual RWA collateral scale is about $135 million, highly concentrated in a single asset. Since its launch in 2025, Horizon has generated approximately $216,000 in cumulative revenue for the DAO, while incentives and related costs amount to about $5.25 million, resulting in a return on investment ratio of about 24:1.The report also notes that early core developers of Aave V1, V2, and V3 left Labs between 2021 and 2022, with V3 being seen as the last major protocol version led by Labs. Subsequent versions have primarily been advanced by DAO service providers. In related governance votes, a single large delegated address played a key role in passing the Horizon proposal, sparking community discussions about the concentration of governance power and the efficiency of fund usage.This controversy comes at a time when a new proposal for a $17.5 million product growth grant is under review, further intensifying discussions within the Aave community regarding fund allocation, performance disclosure, and governance transparency.

The chief Democratic member of the U.S. Senate Homeland Security Committee's investigative panel, Richard Blumenthal, has launched an investigation into Binance due to reports that the platform may be involved in sanction evasion related to Iran.In a letter to Binance CEO Richard Teng, Blumenthal requested documents regarding records of Iranian users using Binance, internal compliance investigation materials, and information on related employee terminations. Media reports indicate that Binance's compliance team had found that partners Hexa Whale and Blessed Trust were used as money laundering intermediaries and provided trading channels for entities related to the Iranian government, while employees involved in the investigation faced disciplinary actions or termination. Binance has denied the related allegations.

IoTeX announced a 10% white hat bounty (approximately $440,000) for the hacker who attacked its ioTube cross-chain bridge, provided that the hacker returns the approximately $4.4 million in stolen assets within 48 hours.IoTeX co-founder and CEO Raullen Chai stated that if the funds are returned, the team will not pursue legal action and will not disclose the identity to law enforcement agencies.

According to official news, the AINFT limited-time quiz challenge will officially start tomorrow, with a prize pool of 1000 USDT for answering questions. Simply follow the official account and retweet the event post to qualify for participating in the AINFT platform awareness quiz. The event will be conducted in two rounds: the first round from February 12 to 17 focuses on basic awareness, with a prize pool of 300 USDT; the second round from February 18 to 23 delves deeper into platform understanding, with a prize pool of 500 USDT; users who answer all questions correctly in both rounds will have an additional chance to compete for a 200 USDT Academy Star Award. This challenge aims to deepen users' understanding of the AINFT ecosystem. We sincerely invite all players to join and compete for the 1000 USDT prize pool based on their skills.

The Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, was questioned by Democratic lawmakers during a House Financial Services Committee oversight hearing regarding the suspension of enforcement actions against Tron Foundation founder Justin Sun.Senior Democratic lawmaker Maxine Waters emphasized that the SEC has abandoned nearly all previous cryptocurrency enforcement cases since Trump took office and questioned whether Sun's relationship with Trump influenced this. Atkins stated that he could not discuss individual cases but was willing to provide confidential briefings within the limits of the rules. At the same time, Atkins confirmed that the SEC is working with the CFTC to develop cryptocurrency regulatory rules consistent with the Clarity Act to clarify the jurisdiction of the two agencies.

At a hearing of the House Financial Services Committee, several Democratic lawmakers questioned SEC Chairman Paul Atkins regarding the recent reduction in enforcement actions against the cryptocurrency industry by the U.S. Securities and Exchange Commission (SEC), expressing concerns about whether these decisions are linked to Trump and his connections to the crypto industry.Lawmakers specifically mentioned the SEC's suspension of the case against Tron founder Justin Sun and the withdrawal of the lawsuit against Binance. Democratic Congressman Stephen Lynch stated during the hearing that the decline in SEC enforcement has impacted the agency's reputation and demanded an explanation for why the related cases were not pursued further. The SEC had previously sued Justin Sun in 2023 for allegedly issuing unregistered securities and manipulating trading volumes, but later in 2025, it applied to pause the case to explore settlement possibilities; in May of the same year, the SEC withdrew its lawsuit against Binance under Atkins's leadership.Data shows that in 2025, the SEC's overall enforcement actions decreased by about 30% compared to the previous year, with crypto-related cases dropping by approximately 60%, which is viewed by outsiders as a signal of a shift in regulatory focus. In response, Atkins stated that the SEC still maintains a "strong enforcement presence" and noted that some changes are part of the normal adjustments following a change in regulatory leadership.

On Wednesday, South Korean lawmakers questioned Bithumb CEO Lee Jae-won about a $4 billion Bitcoin transfer error caused by human error. The incident occurred during a promotional event last week, where an employee mistakenly processed customer payments in Bitcoin instead of Korean won, resulting in the creation of false Bitcoins in the market. Democratic Party lawmaker Min Byeong-deok stated that Bithumb gifted Bitcoins that the company did not own, which constitutes naked short selling.Currently, the Financial Supervisory Service has launched an investigation into the compliance systems and risk management of the country's second-largest digital asset platform. Financial Services Commission Vice Chairman Kwon Dae-young stated that the government believes this incident has exposed risks related to virtual assets and vulnerabilities in internal control systems, and will seek institutional reforms through an emergency response team, including inspections of all exchanges.

YZi Labs issued a letter to the board of CEA Industries stating that CEA Industries' claim of a "secret agreement" with YZi Labs is completely false. The board was already aware of the contents of the agreement, and the law firm Winston & Strawn also provided advice, with board members Alexander Monie, Hans Thomas, and then-CEO of 10X Capital Namdar being involved throughout. The so-called "secret" is merely a misleading statement to the public.The request by CEA to terminate the Strategic Services Agreement (SSA) is equally absurd. YZi Labs terminated the agreement on December 11, 2025, and formally notified the board in writing on December 13. The SSA did not result in any payments and does not affect the negotiations of the 10X asset management agreement.The board is attempting to cover up the facts under the guise of an "investigation," concealing their inaction regarding known circumstances. YZi Labs calls on the board to immediately clarify the misleading statements, fully disclose the related party transactions involving Hans Thomas, and effectively safeguard shareholder interests.

According to Jinshi, Federal Reserve's Bostic stated, "I am beginning to see people questioning their confidence in the dollar."

As Bitcoin's sell-off intensifies and falls below $70,000, its core selling point of "limited to 21 million" is being questioned by the market. Analysts point out that derivatives such as ETFs, cash-settled futures, options, and margin lending have diluted Bitcoin's scarcity, creating a "synthetic supply" that makes prices more influenced by derivatives trading rather than supply and demand.Senior analyst Bob Kendall stated, "Once synthetic supply can be created, the asset is no longer scarce, and the price becomes a derivatives game. This is the current state of Bitcoin. Similar structural changes have also occurred in the gold, silver, oil, and stock markets."

A local court in Nevada, USA, has rejected the state regulator's request for an emergency ban on Coinbase's operation of prediction markets.The Nevada Gaming Control Board had previously filed a lawsuit, accusing Coinbase of offering unlicensed sports event contract betting products in the state and seeking a temporary restraining order. The court did not approve the emergency injunction but instead decided to hold a hearing next week, allowing Coinbase to respond. Coinbase's Chief Legal Officer Paul Grewal stated that the company has simultaneously filed a lawsuit in the state's federal court, claiming that the Commodity Exchange Act grants the Commodity Futures Trading Commission (CFTC) "exclusive jurisdiction" over swaps and event contracts listed on regulated exchanges, and that the state regulator's attempt to classify these tools as state-level gambling conflicts with the federal derivatives regulatory framework.

According to Cointelegraph, a local court in Nevada, USA, has dismissed the request from state regulators to urgently prohibit Coinbase from operating prediction markets.The Nevada Gaming Control Board previously filed a lawsuit, accusing Coinbase of offering unlicensed sports event betting products in the state and seeking a temporary restraining order. The court did not approve the emergency injunction but decided to hold a hearing next week, allowing Coinbase to respond. Coinbase's Chief Legal Officer Paul Grewal stated that the company has simultaneously filed a lawsuit in the state's federal court, asserting that the Commodity Exchange Act grants the Commodity Futures Trading Commission (CFTC) "exclusive jurisdiction" over swaps and event contracts listed on regulated exchanges, and that the state regulators' attempt to classify these tools as state-level gambling conflicts with the federal derivatives regulatory framework.

Ethereum co-founder Vitalik Buterin recently stated that the initial idea of using L2 as the main scaling engine for Ethereum is no longer reasonable, and he called for second-layer networks to evolve towards stronger specialization. This statement quickly prompted responses from mainstream L2 teams such as Arbitrum, Optimism, and Base.Vitalik pointed out that many L2s still rely on multi-signature bridges and have not fully inherited Ethereum's security; at the same time, with the increase in gas limits and the advancement of native Rollup solutions, the throughput capacity of the Ethereum mainnet itself is strengthening. Against this backdrop, the positioning of L2 needs to be rethought.Karl Floersch, co-founder of the Optimism Foundation, stated that he supports building a modular L2 that covers the entire decentralized spectrum, but also admitted that there are still real challenges such as long withdrawal periods, immature Stage 2 proof mechanisms, and insufficient cross-chain tools.Steven Goldfeder, co-founder of Offchain Labs, the developer of Arbitrum, emphasized that scaling remains the core value of L2. He believes that even if the Ethereum mainnet's capabilities improve, it will be difficult to replace L2's role in handling thousands of TPS during peak times, and warned that if Ethereum is unfriendly to Rollups, institutions may choose independent Layer 1s instead.Jesse Pollak, head of Base, stated that scaling Ethereum L1 is beneficial for the entire ecosystem, while agreeing that L2 cannot just be a cheaper version of Ethereum. He pointed out that Base is forming its own characteristics through application layer differentiation, account abstraction, and privacy features.Additionally, StarkWare CEO Eli Ben-Sasson hinted on social media that ZK-native L2s (such as Starknet) have, to some extent, aligned with the specialization direction proposed by Vitalik. Overall, L2 builders generally accept the trend of de-homogenization and repositioning, but there are still divergences on whether scaling remains a core mission.

According to Cointelegraph, after Ethereum co-founder Vitalik Buterin commented that "the original vision of Layer 2 as the primary scaling engine is no longer applicable," several L2 builders responded, generally agreeing that Rollup needs to move beyond the positioning of "a cheaper Ethereum," but there are disagreements on whether scaling should still be its core role.Optimism co-founder Karl Floersch welcomed the challenge of building a modular L2 stack that supports "full-spectrum decentralization," while acknowledging that there are still major obstacles such as long withdrawal periods, second-stage proofs not being production-ready, and insufficient cross-chain application tools. He supports the native Rollup precompiled solutions emphasized by Buterin.Steven Goldfeder, co-founder of Arbitrum developer Offchain Labs, took a firmer stance, arguing that although the Rollup model has evolved, scaling remains the core value of L2. He pointed out that Arbitrum was not built as "a service of Ethereum," but because Ethereum provides a highly secure and low-cost settlement layer, making large-scale Rollups possible. He warned that if Ethereum is seen as hostile to Rollups, institutions might choose to launch independent Layer 1 chains instead of deploying on Ethereum.Base head Jesse Pollak stated that scaling Ethereum L1 is "a victory for the entire ecosystem," agreeing that L2 cannot just be "a cheaper Ethereum." He mentioned that Base is differentiating itself through applications, account abstraction, and privacy features, and is working towards decentralization in the second stage.StarkWare CEO Eli Ben-Sasson hinted that some ZK-native L2s (like Starknet) believe they already fit the specialized role described by Buterin. The entire Ethereum ecosystem is facing a roadmap adjustment: the base layer aims to enhance its capabilities, while L2 is repositioning itself as a dedicated environment serving different technical needs.