Approximately $316 million was liquidated across the entire network in the past 24 hours, mainly long positions.

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.

The stablecoin legislation is about to be implemented, and mainstream CEX stablecoin revenue could surge up to 7 times

February 24 News, as the United States advances its stablecoin regulatory framework, the "Genius Act" is being viewed by the market as a key policy to reshape the stablecoin industry landscape. Analysts point out that under the push of this act, the stablecoin-related revenue of the United States' largest compliant CEX is expected to grow by 2 to 7 times, and some institutions interpret this as a potential long-term "tenfold" growth logic, making it one of the important narratives in the crypto market by 2026. The act was signed by Trump, with the core goal of establishing a clear compliance system for U.S. stablecoins, including requirements for issuers to hold high-quality liquid assets such as U.S. Treasury bonds in a 1:1 ratio as reserves, and strengthening anti-money laundering and regulatory transparency. This institutional design will significantly reduce compliance uncertainties for stablecoins, increase institutional funding willingness, and promote the expansion of regulated stablecoins in payments, settlements, and on-chain finance.