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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.

The ETF Store President Nate Geraci stated that a 50% drawdown is not uncommon for long-term Bitcoin investors and may not be the last occurrence. He pointed out that despite the significant market downturn, there are no clear signs of panic among spot Bitcoin ETF investors, as the fund flow data indicates that these investors' attitudes remain steady.Geraci believes that, based on recent fund movements, some ETF investors are more inclined to accumulate positions during the pullback phase.

According to the DeFi Education Fund, U.S. Representatives Scott Fitzgerald, Ben Cline, and Zoe Lofgren jointly proposed the "2026 Blockchain Development Innovation Act," aimed at clarifying the applicability of Section 1960 of Title 18 of the U.S. Code regarding "unlicensed money transmission businesses."The bill seeks to clarify that Section 1960 applies only to entities that control customer assets and conduct fund transfers on behalf of customers, and should not extend to blockchain software developers who do not hold user funds. The related proposal states that this move is consistent with the original legislative intent of Congress and the long-standing regulatory interpretation of the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury, aiming to reduce the risk of improper criminal charges faced by developers.

U.S. lawmakers have recently resumed discussions on the yield mechanisms of stablecoins, with some legislators expressing concerns that the yields offered by stablecoins could lead to a drain on bank deposits and blur the lines between crypto products and traditional bank deposits.During a Senate Banking Committee hearing, Senator Angela Alsobrooks stated that while she supports financial innovation, the yield mechanisms of stablecoins could create products similar to bank deposits but lack corresponding regulatory and protective measures, potentially leading to future deposit outflow risks. The issue of stablecoin yields has been one of the core topics in legislative negotiations within the crypto market. The stablecoin bill GENIUS, passed in 2025, has prohibited stablecoin issuers from directly paying interest to holders, but it has not banned third-party platforms like Coinbase from offering rewards to users for holding coins.Banking professionals believe that allowing stablecoins to offer yields would undermine the deposit base of the traditional banking system. A previous study by the Independent Community Bankers of America indicated that if stablecoin yield mechanisms were fully opened, bank deposits could decrease by approximately $1.3 trillion, leading to a reduction of about $850 billion in community bank loans. The crypto industry, however, argues that restricting stablecoin yields would stifle innovation. Some industry insiders have stated that there is currently no evidence to suggest a significant correlation between the proliferation of stablecoins and the outflow of bank deposits.Senator Thom Tillis has indicated that he will request regulators to conduct an independent assessment of the risks of deposit outflow that stablecoins may trigger. Meanwhile, the White House has recently organized multiple rounds of meetings between banks and crypto companies, hoping to reach a solution on the issue of stablecoin yields by the end of this month.

According to Eleanor Terrett, U.S. Republican lawmakers Fitzgerald (Wisconsin), Cline (Virginia), and Democratic lawmaker Lofgren (California) jointly proposed the "Blockchain Innovation Development Act," aimed at clarifying the applicability of Section 1960 of the Criminal Code.The bill explicitly states that Section 1960 applies only to entities that control customer funds, rather than developers who merely write code. Previously, in cases like TornadoCash and SamouraiWallet, regulators had applied this provision to non-custodial software developers, leading to a strong backlash from the crypto industry. This bill will provide legal protection for blockchain developers and address the long-standing conflict between crypto innovation and regulation.

The co-founder and CEO of digital asset technology and trading company BlockFills, Nicholas Hammer, has stepped down. The company's website now lists Joseph Perry as the interim CEO, and a company spokesperson confirmed that Hammer served as CEO until July 2025.Blockfills announced on February 11 that it had suspended customer deposits and withdrawals due to recent market volatility that resulted in approximately $75 million in losses. According to informed sources, the platform had urged some customers to withdraw their assets in advance before the freeze, and deposits remain suspended. Reports indicate that the company is also seeking potential buyers, with investors including Susquehanna Private Equity Investments, CME Ventures, and Simplex Ventures.

Ethereum Foundation researcher Justin Drake announced that the Ethereum Foundation has launched the "strawmap" roadmap, planning seven forks by the end of 2029.The roadmap includes five objectives: fast L1 finality, a "gigagas" L1 achieving 10k TPS through zkEVM, a "teragas" L2 enabled by data availability sampling, post-quantum cryptography, and native L1 privacy for shielding ETH transfers.

The cryptocurrency market has experienced one of its strongest single-day rebounds in recent times, with Bitcoin, Ethereum, and Solana collectively rising, driving the overall market capitalization of cryptocurrencies up by approximately $170 billion, bringing the total market cap close to $2.5 trillion.Market data shows that Bitcoin briefly broke the $70,000 mark, Ethereum rose over 13%, and Solana increased by more than 15%. This round of rebound ended the continuous correction trend since the peak last October. Market analysts believe that this surge is related to the recent insider trading lawsuit against the market maker Jane Street. Some commentators in the crypto market pointed out that there had been a phenomenon of suspected concentrated selling of Bitcoin every day at 10 AM Eastern Time over the past few months, and this pattern seemed to suddenly stop after the lawsuit news was announced.However, there is currently no public evidence that Jane Street has indeed engaged in systematic selling of Bitcoin at fixed times. Nevertheless, the market generally believes that the expectation of reduced potential selling pressure has boosted investor sentiment in the short term.

According to The Data Nerd monitoring, five hours ago, a certain wallet (suspected to be Arrington Capital) withdrew 20,000 ETH (approximately 38.28 million USD) from Binance and Deberit.

According to on-chain monitoring data, Gate's hot wallet transferred 299.999794 XAUt on February 24 at 17:06 (UTC+8), valued at approximately 1.537 million USD based on the price at that time, with a unit price of about 5134.3 USD per coin.

The 60,000 Bitcoin money laundering case will have a "legal applicability issue" hearing in July, with the UK High Court confirming that Fieldfisher, which was involved in the case earlier, will serve as the lead law firm for the hearing. However, the proposal of the lead law firm has sparked controversy, with some law firms concerned that Fieldfisher may gain an information advantage, such as a list of large investment victims, and even take the opportunity to "poach clients" by improperly "inducing" victims to switch law firms.The judge believes that this arrangement does not designate Fieldfisher to represent all victims' asset recovery claims, but only to negotiate with the court on behalf of all victims regarding the "legal applicability issue." Other law firms will still handle their clients' claims individually, and the selection of a lead law firm is intended to improve litigation efficiency.

According to Onchain Lens monitoring, dormant whales are accumulating XAUT.Whale 0xCE7 withdrew 2,311 XAUT from Bitfinex after being inactive for 3 years, worth 11.82 million USD.Whale 0x95c withdrew 2,169 XAUT from Bitfinex after being inactive for 2 years, worth 11.10 million USD.

According to the official announcement, Gate will launch the sixth phase of the Flash Exchange Lucky Draw event from February 24, 18:00 to March 2, 00:00 (UTC+8). During the event, users can initiate flash exchange transactions with a minimum of just $1 after completing registration, with a maximum daily win of 1,000 USDT.During the event, users can unlock multiple lottery chances by completing beginner tasks, trading tasks, and inviting new user tasks. Among them, new users can earn 1 lottery chance by completing their first flash exchange transaction of no less than $10; trading tasks can unlock up to 8 lottery chances in a single day; and invitation tasks can earn up to 10 lottery chances per person. The total prize pool is $60,000.It is reported that Gate Flash Exchange currently supports over 2,200 types of cryptocurrency assets, offering zero fees, rapid transactions, and smart exchange rate matching services, helping users easily complete multi-currency one-click exchanges.

According to the Xinmin Evening News, a 38-year-old Chinese businessman, Wang, was kidnapped and killed in Turkey, and 10 suspects have been arrested. Investigations show that the suspects began tracking the victim from Istanbul Airport and lured him into a trap through a female companion. When Wang left the restaurant with the woman, four suspects forcibly shoved him into another vehicle.Police discovered Wang's body days later, with his hands, feet, and mouth bound with tape, and his head severely injured. The suspects had a debt dispute with Wang, and they stole the victim's phone and extracted a large amount of funds from his cryptocurrency wallet. On the day of the incident, the woman involved fled Turkey, and after the other suspects left the country, an arrest warrant was issued by Interpol. Currently, all 10 suspects, including the woman, have been apprehended.

According to the Xinmin Evening News, a 38-year-old Chinese businessman, Wang, was kidnapped and killed in Turkey, and 10 suspects have been arrested.The investigation shows that the suspects began tracking the victim from Istanbul Airport and lured him into a trap through a female accomplice. When Wang left the restaurant with the woman, four suspects forcibly shoved him into another vehicle. Police discovered Wang's body days later, with his hands, feet, and mouth bound with tape, and his head severely injured. The suspects had a debt dispute with Wang, and they stole the victim's phone and extracted a large amount of money from his cryptocurrency wallet.On the day of the incident, the woman involved fled Turkey, and after the other suspects left the country, an arrest warrant was issued by Interpol. Currently, all 10 suspects, including the woman, have been apprehended.

According to on-chain analyst The Data Nerd (@OnchainDataNerd), BlackRock withdrew 2,086 bitcoins (approximately $135 million) and 8,459 ethers (approximately $15.84 million) from Coinbase today. The total value of this withdrawal is approximately $150 million.