Today, the Fear & Greed Index rose to 9, indicating the market is in a "Extreme Fear" state.

Bitcoin and Ethereum ETFs Record Net Outflows While Solana ETFs See Inflows on Feb 24

Gate News bot message, According to Feb 24 update, Bitcoin ETFs recorded a 1-day net outflow of 3,262 BTC (approximately $205.37M) and a 7-day net outflow of 7,895 BTC (approximately $497.07M). Ethereum ETFs showed a 1-day net outflow of 25,337 ETH (approximately $46.04M) and a 7-day net outflow of

Terraform Files Lawsuit Against Jane Street Over UST Collapse

The lawsuit against Jane Street Group alleges insider trading and front-running contributed to the collapse of TerraUSD and LUNA, erasing $40 billion in market value. Terraform Labs seeks damages for creditors and hopes to address misconduct in the crypto market.

F2Pool Co-founder Wang Chun: ETH rebounded from $1,386 to $4,956 within 4 months, and investors should not be swayed by short-term panic emotions.

F2Pool Co-founder Wang Chun pointed out that the cryptocurrency market is cyclical and warned investors not to panic over short-term fluctuations. He emphasized that Bitcoin's mining mechanism is crucial, with miners playing a central role in network governance and security, and mentioned the key role miners have played in past controversies.

Gate Ventures: Increased volatility in mainstream assets, continuous development of industry infrastructure

Recently, market risk aversion has increased, the US dollar is strong, long-term government bond yields are rising, and gold has hit new highs. Cryptocurrency assets have declined, with significant net outflows from BTC and ETH, and market sentiment is extremely fearful. Traditional derivatives institutions and mining companies are adjusting their strategies, and market funds are becoming more cautious.