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According to Cointelegraph, Telegram CEO Pavel Durov called WhatsApp's end-to-end encryption a "huge consumer fraud." He pointed out that about 95% of private messages ultimately end up stored in unencrypted backups on Apple and Google servers.Durov believes that this situation puts users' privacy at risk. Although WhatsApp claims that its message transmission process uses end-to-end encryption, the actual backup mechanism fails to ensure the complete encryption of user information. This statement has raised industry concerns about the privacy protection measures of mainstream messaging applications.

Binance founder Zhao Changpeng (CZ) recalled in his new book that after the "9·4" regulatory policy was introduced in 2017, venture capital firms as a whole became more cautious, and Sequoia Capital, which had originally expressed investment intentions, also paused related cooperation. He stated, "Seeing the venture capitalists collectively silent during our most difficult September, I was actually quite disappointed."CZ revealed that prior to this, Sequoia had expressed investment interest at the beginning of He Yi's joining, but chose to wait and see in light of the policy impact. Subsequently, Binance achieved rapid growth from September to October, with the number of users increasing from about 20,000 in August to about 120,000 by late October, ranking among the top ten exchanges globally and becoming profitable.CZ stated that by the end of October, after the risk phase had basically passed, Sequoia re-expressed its investment intentions, but they had proposed to raise the valuation requirement. Ultimately, the two sides could not reach an agreement due to valuation differences. The other party then proposed to pursue legal proceedings, and a week later, four large boxes of legal documents were delivered. CZ said this was the "first time in his life becoming a defendant." CZ mentioned that he later learned that the lawsuit was led by Sequoia's legal team in the U.S., who are skilled at using the media to create public opinion, "the media reporters knew before I, the party involved."

According to a report by Xinhua News Agency, the latest poll results released by Fox News Channel show that about 59% of surveyed American voters are dissatisfied with President Trump's administration, an increase of 8 percentage points from a year ago, reaching a new high during his term; the satisfaction rate dropped from 49% to 41%.The survey is based on a random sample of 1,001 registered voters. Among different parties, the satisfaction rate among Republican voters is 84%, a year-on-year decrease of 8 percentage points; while the dissatisfaction rates among Democratic and independent voters reach 95% and 75%, respectively.

Yili Hua posted on platform X, stating that the current cryptocurrency market is in a bear market and the war is not over, lacking a significant rebound. The performance of the cryptocurrency sector over the past four years has been disappointing, with the crypto middle class, retail investors, and VCs all being harvested, while exchanges, market makers, and project teams continue to siphon off funds. Currently, the market's capital inflow mainly comes from Wall Street ETFs, DAT, and a few believers, and there has been no disruptive innovation in the cryptocurrency sector yet.

According to Jin Shi reports, Federal Reserve Chairman Powell stated that the lack of a decline in non-housing services inflation is frustrating.

According to Cointelegraph, Andrei Grachev, managing partner of crypto market maker DWF Labs, analyzed that the "Altseason" driven by the overall rise of the crypto market is becoming a thing of the past. The surge in the number of tokens in the market, the limited scale of participants, and the absorption of liquidity by crypto ETFs are changing the market structure. Currently, institutional funds are more inclined to allocate to Bitcoin, Ethereum, and tokenized real-world assets (RWA), further diverting attention and funds away from altcoins. In the future, the market will see shorter narrative cycles and more intense sector rotations, with a large number of mid- to long-tail tokens resembling high-risk investments or "casino-like" assets, struggling to survive solely on speculation.Data shows that over the past 13 months, the market capitalization of altcoins has cumulatively flowed out more than $209 billion, and currently about 38% of altcoin prices are close to historical lows.

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.

According to the official announcement, Binance has officially launched five brand new official WhatsApp channels, including Mandarin Chinese, Africa, Arabic, Argentina, and Brazil channels.The announcement states that these WhatsApp-verified channels will only support one-way communication and are the only channel for Binance to enter WhatsApp in the Chinese-speaking community in Africa, the Middle East and North Africa (MENA), and Latin America, as well as non-continental regions.

Sonic Labs has issued a statement regarding recent public comments about Andre Cronje and the Sonic network. In 2018, a Korean team initiated an ICO for Fantom (now renamed Sonic), which failed to deliver a fully functional product due to mismanagement, resulting in the depletion of a significant amount of funds. Andre Cronje joined in June 2018 and rebooted Fantom. At the time Andre joined, the treasury held less than $5 million in non-FTM assets, which grew to nine figures between 2020 and 2021.Sonic Labs further stated that Andre did not design the original Fantom token economic model; the model was created by the original Korean team in 2018 and later modified through on-chain governance. Andre does not unilaterally hold or control the Sonic development fund. Andre has never abandoned Fantom/Sonic, designed the original technology, expanded the funding, and continues to serve as a technical advisor, regularly providing guidance to the technical team. There is no instance of fund misappropriation.

AI regulatory compliance startup Bretton AI announced the completion of a $75 million Series B funding round, led by Sapphire Ventures, with participation from Greylock, Thomson Reuters Ventures, and Citi Ventures.The company was founded by Will Lawrence, a former employee of the compliance team at stablecoin infrastructure company Paxos. Its clients are primarily focused on fintech service companies, including fintech startups such as Mercury, Ramp, Robinhood, and Coinbase, as well as some community regional banks, helping them achieve anti-money laundering and Know Your Customer (KYC) compliance operations.

According to The Block, research firm Bernstein analyzed that the stock price of IREN, a Bitcoin mining company transitioning to AI computing services, fell sharply after releasing its financial report. The main reason was market disappointment over the lack of new large AI partnership announcements, rather than a deterioration in fundamentals.The company's stock price dropped about 18% after the earnings report, to approximately $39.79. Bernstein analysts believe that the volatility of Bitcoin-related earnings is no longer the core investment logic for IREN, and investors are more focused on its progress in transitioning to AI cloud infrastructure. Although IREN's Bitcoin mining revenue decreased quarter-over-quarter this quarter, its AI cloud revenue more than doubled compared to the previous quarter. The company has secured approximately $2.3 billion in annual recurring revenue contracts for AI cloud services and expects this to grow to $3.4 billion by the fourth quarter of 2026, equivalent to deploying about 140,000 GPUs.Bernstein maintains an "outperform" rating on IREN with a target price of $125, viewing this decline as a reset of expectations rather than a signal of deteriorating execution capability.

Pump.fun co-founder Alon tweeted, "The early success of the Solana ecosystem meme coin PENGUIN proves that on-chain transactions have never died; they are just a 'sleeping giant' waiting for the right moment to be awakened. The psychological barriers have only just begun to be broken. There are still plenty of opportunities ahead."

According to on-chain data analyst Murphy, Bitcoin investor sentiment is shifting from the "Hesitation Zone" to the "Disappointment Zone." Murphy pointed out that the Bitcoin price cycle typically goes through four emotional stages: the Optimism Zone, the Profit-Taking Zone, the Hesitation Zone, and the Disappointment Zone. Current market indicators show that investor sentiment is transitioning from the third stage (Hesitation Zone) to the fourth stage (Disappointment Zone).The analyst stated that during the period from October to December 2025, the whale group holding 100-1000 Bitcoins had actively increased their holdings, followed by the whale group holding 1000-10000 Bitcoins taking over the accumulation. However, large whales have now stopped accumulating, with some even shifting to a reduction in holdings, which reflects a lack of investor confidence. The analysis suggests that the market needs to attract demand through a prolonged recovery or lower prices in order to build a new bottom consensus.

According to a report by The Paper, Xunlei has filed a lawsuit against former CEO Chen Lei and his core team, accusing them of harming the company's interests, with a claim amounting to 200 million yuan. The case has been accepted and filed by the relevant court in Shenzhen. Chen Lei recruited his hometown friends and close associates through Xunlei's former senior vice president Dong Xue, placing them in key positions within the company. They allegedly used illegal means such as fabricating transaction links and creating false contracts to siphon off company funds, involving a substantial amount.The new management has already conducted a cleanup and adjustment of Xunlei's related businesses and personnel. In addition, Chen Lei is also suspected of misappropriating tens of millions of company funds for illegal cryptocurrency trading, which is explicitly prohibited by the state.Chen Lei joined Xunlei as Chief Technology Officer in 2014 and was promoted to CEO in 2017. In 2020, Xunlei dismissed him on suspicion of embezzlement. Subsequently, the Shenzhen Public Security Bureau initiated an investigation into Chen Lei and others suspected of embezzlement. To evade investigation, Chen Lei and former senior vice president Dong Xue have left the country.

According to a report by The Paper, Xunlei has filed a lawsuit against its former CEO Chen Lei and his core team, accusing them of harming the company's interests, with a claim amounting to 200 million yuan. The case has been accepted and filed by the relevant court in Shenzhen. Chen Lei recruited his hometown friends and close associates through Xunlei's former senior vice president Dong Xue, placing them in key positions within the company. They allegedly used illegal means such as fabricating transaction links and creating false contracts to siphon off company funds, involving a substantial amount.The new management has already conducted a cleanup and adjustment of Xunlei's related businesses and personnel. In addition, Chen Lei is also suspected of embezzling tens of millions of company funds for illegal cryptocurrency trading, which is explicitly prohibited by the state.Chen Lei joined Xunlei in 2014 as the Chief Technology Officer and was promoted to CEO in 2017. In 2020, Xunlei dismissed him on suspicion of embezzlement. Subsequently, the Shenzhen Public Security Bureau launched an investigation into Chen Lei and others suspected of embezzlement. To evade investigation, Chen Lei and former Xunlei senior vice president Dong Xue have left the country.