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Terraform Estate Sues Jane Street over 2022 TerraUSD Trades
Terraform’s wind-down trust has filed a lawsuit against Jane Street over alleged trading tied to the 2022 TerraUSD collapse. The case centers on claims of using non-public liquidity information.
The Terraform Labs wind-down trust has sued trading firm Jane Street, alleging it used non-public information to profit during the May 2022 collapse of TerraUSD. The complaint claims the firm gained advance insight into internal liquidity decisions and positioned trades as the algorithmic stablecoin lost its dollar peg.
The lawsuit follows earlier legal action targeting other trading firms tied to the Terra ecosystem’s collapse. Jane Street denied the allegations, calling the claims unfounded and stating it will defend itself in court. The case is expected to focus on whether privileged access to protocol communications constitutes a form of insider liability in crypto markets.
Terraform’s collapse in 2022 erased billions in investor value and contributed to broader market stress across the crypto asset sector. Legal proceedings tied to the fallout continue to shape regulatory and legal scrutiny around market conduct, information asymmetry, and accountability in decentralized finance.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Step Finance Winds Down After $40M Treasury Hack
Solana-based Step Finance is shutting down after a $40 million security breach drained its treasury. The firm said financing and acquisition efforts failed in the aftermath.
Solana-based portfolio management platform Step Finance said it will cease operations after a January 31 security breach drained approximately $40 million from its treasury and fee wallets. The company stated that efforts to secure external financing or pursue acquisition talks were unsuccessful in the weeks following the incident.
The shutdown affects Step Finance and its subsidiaries, including media outlet SolanaFloor and tokenized equities platform Remora Markets. While SolanaFloor will maintain an archive of past content, new reporting will stop. Remora Markets said it remains operationally isolated from the breach and is developing a redemption process for rToken holders.
Founded in 2021, Step Finance positioned itself as a dashboard aggregating liquidity pools, yield farms, and positions across most Solana protocols. The closure underscores ongoing security and liquidity risks within decentralized finance, particularly for platforms heavily reliant on treasury reserves to sustain operations.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
RedotPay Considers US IPO at $4B Valuation
Stablecoin payments firm RedotPay is reportedly evaluating a US IPO that could raise over $1 billion and value the company above $4 billion. The move follows a year of significant fundraising and rapid user growth.
Hong Kong-based stablecoin payments firm RedotPay is reportedly considering a US initial public offering that could raise more than $1 billion and value the company at over $4 billion, according to a report citing sources familiar with the matter. The company is said to be working with major investment banks on a potential New York listing, though terms remain under review and subject to change.
Founded in 2023, RedotPay offers stablecoin-linked payment cards, multicurrency wallets, and cross-border payout services. The company claims to serve around 6 million users and process roughly $10 billion in annualized payment volume, positioning itself within the expanding digital payments infrastructure segment.
The reported IPO discussions follow a strong fundraising year in 2025, during which RedotPay secured $194 million across three funding rounds and reached unicorn status. The development reflects continued institutional interest in stablecoin-focused payment platforms as venture capital increasingly targets crypto infrastructure and financial technology integration.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Binance Stablecoin Reserves Drop amid Liquidity Tightening
Stablecoin reserves on Binance have declined nearly 19% since November, reflecting weaker inflows and broader liquidity tightening across crypto markets.
Stablecoin reserves on Binance have fallen roughly 18.6% since November, declining from about $50.9 billion to near $41.4 billion, according to market analytics data. The drop comes as crypto markets face a prolonged liquidity slowdown, with stablecoin flows often used as a proxy for investor capital ready to be deployed into digital assets. Despite the contraction, Binance still holds the majority share of exchange-based stablecoin reserves, underscoring its systemic role in market liquidity.
Analysts note that falling exchange reserves typically signal capital moving off-platform or back into fiat rather than remaining in stablecoins for reinvestment. The trend aligns with broader stagnation in total stablecoin market capitalization, which has plateaued after a multi-year expansion and now reflects more cautious investor positioning across risk assets.
Macro conditions are also contributing to the liquidity backdrop. With interest rates expected to remain elevated and monetary policy staying restrictive, cross-market capital flows into crypto have softened. In this environment, sustained stablecoin inflows are increasingly viewed by institutional participants as a key indicator of renewed market momentum and improved trading depth.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Canaan Expands into Texas Mining Infrastructure
Canaan acquired a 49% stake in three operational Texas mining facilities for nearly $40 million, deepening its shift from hardware manufacturing to infrastructure ownership.
Canaan has purchased a 49% stake in three operating Bitcoin mining projects in Texas for $39.75 million, expanding its footprint beyond hardware manufacturing into infrastructure operations. The assets, known as the ABC Projects, include 120 megawatts of power capacity and approximately 4.4 EH/s of hashrate, with renewable-focused partner WindHQ retaining a 51% stake.
The deal also includes 6,840 deployed Avalon A15Pro mining rigs and access to low-cost electricity priced below $0.03 per kilowatt-hour within the ERCOT grid. The acquisition was financed through a share issuance, reflecting a capital-light strategy to secure long-term exposure to operational power and scalable mining capacity in a competitive market environment.
The move aligns with a broader industry trend of miners vertically integrating into energy and infrastructure as margins tighten and institutional competition increases. With several mining firms reallocating power assets toward AI and high-performance computing, Canaan’s investment highlights the growing convergence between crypto mining, energy markets, and data center infrastructure.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Austria Halts New Business at KuCoin EU Exchange
Austria’s financial regulator has barred KuCoin’s EU entity from onboarding new customers, citing gaps in key AML and sanctions compliance roles.
Austria’s Financial Market Authority has prohibited KuCoin’s EU exchange from conducting new business, citing deficiencies in internal organizational requirements tied to anti-money laundering, counter-terrorist financing, and sanctions oversight. The Vienna-based entity is now restricted from onboarding new customers or launching new products until critical compliance functions are adequately filled.
KuCoin said the issue followed the recent departure of two compliance professionals responsible for AML and sanctions roles, adding that recruitment efforts were already underway and some onboarding activities had been voluntarily paused. The exchange emphasized that the matter is operational in scope and not expected to materially alter its broader European expansion strategy.
The intervention comes only months after the firm secured a MiCA license, underscoring the tighter supervisory environment emerging across the European Union. Regulators are increasingly signaling that authorization under MiCA does not shield firms from ongoing governance scrutiny, particularly around staffing and compliance infrastructure, as Europe moves toward a more standardized and enforcement-driven crypto regulatory framework.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
OCC Grants Crypto.com Conditional Trust Charter Approval
Crypto.com has received conditional approval for a national bank trust charter from the OCC, signaling continued regulatory engagement with digital asset firms seeking federal oversight.
Crypto.com said it has secured conditional approval for a national bank trust charter from the US Office of the Comptroller of the Currency, marking a step toward operating as a federally regulated digital asset custodian. The company stated that, once fully approved, the entity would provide custody services for digital asset treasuries, exchange-traded funds, and institutional clients under OCC oversight.
The decision follows a series of conditional approvals granted to other crypto-focused firms, including Circle, Ripple, Paxos, Fidelity Digital Assets, and BitGo, as regulators increasingly formalize oversight pathways for digital asset infrastructure. The approvals indicate a gradual shift toward integrating crypto custody and settlement services into the traditional banking framework.
At the same time, industry groups have urged regulators to proceed cautiously, citing the need for consistent safety and soundness standards, particularly as new stablecoin legislation is implemented. A national trust charter could allow crypto firms to operate across state lines with fewer licensing requirements, potentially strengthening institutional adoption while intensifying competition among regulated custody providers.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Vitalik Buterin Proposes AI-Driven DAO Governance Models
Vitalik Buterin suggests AI assistants could improve DAO governance by addressing low voter participation and information overload in decentralized decision-making.
Ethereum co-founder Vitalik Buterin has proposed integrating artificial intelligence into decentralized autonomous organization governance to improve participation and decision quality. He argued that governance systems often suffer from limited human attention, as participants face numerous complex proposals requiring time and specialized knowledge.
Buterin suggested that personal AI assistants, such as large language model agents, could analyze proposals, infer user preferences, and cast votes accordingly while escalating high-impact decisions to the user. This approach aims to reduce reliance on delegation, which can concentrate power among a small group of active voters and weaken decentralization.
The proposal reflects broader industry efforts to address persistently low DAO participation rates, typically estimated at 15% to 25%, and growing concerns around governance centralization and attack risks. Researchers and blockchain organizations are already exploring AI-powered digital twins and automated voting frameworks. For institutional observers, the convergence of AI and onchain governance signals a potential shift toward more data-driven, scalable decision systems, while also raising new considerations around privacy, transparency, and accountability in decentralized networks.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
JPMorgan Admits Closing Trump Accounts in Court Filing
JPMorgan acknowledged in a court filing that it closed accounts linked to Donald Trump after the January 2021 Capitol events, intensifying scrutiny over debanking practices.
JPMorgan has acknowledged in a recent court filing that it closed bank accounts tied to Donald Trump following the January 2021 Capitol attack, marking the first on-record confirmation of the decision. The disclosure came from a former senior executive and is part of ongoing litigation in which Trump is seeking damages over the account terminations.
The case centers on allegations that the account closures were politically motivated, while the bank maintains that such decisions are driven by legal and regulatory risk considerations rather than political factors. The lawsuit underscores broader tensions between financial institutions and high-risk clients, particularly in a tightening compliance environment shaped by reputational and regulatory pressures.
The development also intersects with wider industry debates around “debanking” and its potential influence on digital asset adoption. Members of the Trump family have previously linked their increased interest in crypto to the loss of access to traditional banking services. For institutional observers, the case highlights how regulatory scrutiny, banking risk frameworks, and political exposure are increasingly shaping the competitive landscape between traditional finance and emerging crypto platforms.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
AI Trading Agent Sends $441K After Decimal Error
An AI trading agent mistakenly transferred over $441,000 in tokens after a suspected decimal misread on the Solana network. The incident highlights operational risks in autonomous crypto agents.
An autonomous AI trading agent operating on the Solana network mistakenly transferred approximately $441,000 worth of tokens in a single transaction, reportedly due to a decimal misinterpretation. The agent, designed to autonomously trade and grow a crypto portfolio, sent 52.4 million LOBSTAR tokens instead of a significantly smaller intended amount.
Preliminary analysis suggests the error may have stemmed from a misread interface value, where the agent likely intended to send a token amount equivalent to roughly 4 SOL. Instead, the transaction was executed at a vastly larger scale, immediately depleting the agent’s holdings and raising concerns about safeguards in automated on-chain execution systems.
The incident adds to a growing list of operational failures involving AI-powered crypto tools, including prior cases of compromised dashboards and unintended asset transfers. As institutional interest in AI-driven finance and autonomous agents expands, the event underscores the need for stricter transaction validation, risk controls, and governance frameworks. Market participants increasingly view such errors as a key barrier to broader adoption of AI agents in financial infrastructure, particularly as automated systems begin handling real capital and executing trades without human oversight.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Strategy Nears 100th Bitcoin Purchase Milestone
Strategy is approaching its 100th Bitcoin acquisition as it continues an aggressive treasury accumulation strategy that began in 2020. The firm now holds over 717,000 BTC despite market volatility.
Bitcoin treasury firm Strategy is nearing its 100th Bitcoin purchase, according to signals from chairman Michael Saylor, marking another milestone in the company’s long-running accumulation strategy that began in 2020. The firm has made 99 separate acquisitions to date and currently holds 717,131 BTC, positioning it as the largest public corporate holder of the asset.
The continued buying streak comes despite challenging market conditions and periods where Bitcoin traded below the company’s average acquisition cost. Strategy has maintained consecutive weekly purchases in 2026, underscoring a treasury model built on long-term balance sheet exposure rather than short-term price performance.
The company’s approach has had broader institutional implications, influencing a growing cohort of publicly listed firms exploring digital asset treasury strategies as a hedge against inflation and currency debasement. Since its initial $250 million Bitcoin purchase in 2020, Strategy’s equity performance and capital structure shifts have reinforced the competitive narrative around Bitcoin as a corporate reserve asset, even as volatility and accounting treatment remain key considerations for institutional adoption.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
SEC Clarifies 2% Haircut Treatment for Stablecoins
SEC staff said broker-dealers can apply a 2% haircut to stablecoin holdings when calculating net capital. The clarification reduces regulatory uncertainty around stablecoin balance sheet treatment.
Staff at the US Securities and Exchange Commission (SEC) clarified that broker-dealers may apply a 2% regulatory haircut to stablecoin holdings when calculating net capital, signaling a more accommodative stance toward digital dollar instruments. The guidance, issued through the Division of Trading and Markets’ crypto-related FAQ, indicates the agency would not object to treating stablecoins more similarly to low-risk cash equivalents rather than assigning a full 100% haircut.
The clarification reduces a key operational constraint for regulated intermediaries that previously faced uncertainty over whether stablecoins could meaningfully count toward regulatory capital buffers. Under the new interpretation, a broker-dealer holding $100 million in stablecoins could count approximately $98 million toward net capital requirements, improving balance sheet efficiency and potential engagement with tokenized assets and blockchain-based settlement rails.
The move comes amid broader institutional adoption of stablecoins and evolving US regulatory frameworks, including the GENIUS Act passed in 2025. While the stablecoin market capitalization has moderated from its late-2025 peak, it remains structurally significant, reinforcing its role in payments, tokenized securities, and on-chain liquidity. The clarification also intensifies competitive positioning between traditional financial infrastructure and blockchain-based settlement systems as regulatory clarity gradually lowers entry barriers for Wall Street firms.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
BitGo Named Issuer for GENIUS-Compliant FYUSD Stablecoin
BitGo will issue and custody the FYUSD stablecoin, a dollar-pegged token targeting institutional investors in Asia. The product includes a programmable settlement layer designed for AI-driven transactions.
Crypto infrastructure firm BitGo has been selected as the issuer and custodian for the FYUSD stablecoin, a dollar-pegged token developed in partnership with New Frontier Labs and aimed at institutional investors in Asia. The stablecoin is designed to comply with the GENIUS Act framework, requiring full 1:1 backing with cash or short-term US government debt, alongside AML and KYC standards.
The launch includes a programmable settlement layer through a tool suite called Fypher, enabling automated transactions and integration with AI-driven commerce systems. This positioning reflects a growing institutional focus on programmable money and regulated digital dollar instruments that can support cross-border settlement and automated financial workflows.
The development comes as the stablecoin sector undergoes recalibration, with total market capitalization recently slipping below its prior peak above $300 billion. Within this environment, regulated, custody-backed stablecoins are increasingly competing on compliance, transparency, and infrastructure capabilities, as policymakers and institutions view stablecoins as a strategic mechanism for reinforcing dollar liquidity and improving settlement efficiency in global digital markets.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Bitdeer Sells Entire Bitcoin Treasury, Holdings Drop to Zero
Bitcoin miner Bitdeer has liquidated its full Bitcoin treasury, selling both newly mined coins and reserve holdings. The move comes as mining firms adjust capital strategies amid tighter industry margins.
Bitcoin mining firm Bitdeer has reduced its corporate Bitcoin holdings to zero after liquidating 943 BTC from its treasury and selling all newly mined coins during the reporting period. According to its latest operational update, the company produced 189.8 BTC and sold the full amount, alongside the reserves previously held on its balance sheet.
The decision marks a notable shift in treasury management for a sector that typically retains a portion of mined Bitcoin to maintain price exposure. While routine sales to cover electricity, hosting, and hardware costs are standard across the mining industry, a full liquidation of reserves is relatively uncommon and signals a more defensive liquidity posture.
The move comes as miners face sustained margin pressure following the 2024 halving, rising operational costs, and increased competition. Bitdeer has also announced a $300 million convertible note offering aimed at funding data center expansion, AI cloud initiatives, and hardware development, underscoring a broader industry trend toward diversification into AI infrastructure and alternative revenue streams.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Capital Rotates from DeFi to Tokenized Assets amid Risk-Off Shift
Capital is moving from DeFi into tokenized real-world assets as investors seek lower-risk onchain yields during broader market weakness.
Capital is rotating out of decentralized finance and into tokenized real-world assets as investors adjust to weaker crypto market conditions. Data shows tokenized assets grew to nearly $24.8 billion in distributed value over the past month, while DeFi total value locked dropped about 25% to under $95 billion.
Major DeFi protocols have recorded double-digit declines as yield compression and market volatility reduced lending, staking, and leveraged activity. In contrast, tokenized Treasuries, private credit, and commodities continued to attract inflows, offering comparatively stable onchain returns and clearer cash flow structures.
Analysts say the divergence reflects portfolio reallocation rather than capital flight from crypto. The shift toward regulated, yield-generating instruments suggests a maturing market structure, where institutional and risk-averse participants prioritize predictable returns and legal clarity over emission-driven DeFi incentives.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.