Satoshi-Era Whale Dumps $20 Billion $BTC After Decade Dormancy
A Satoshi-era whale executed a sale of 217,313 $BTC, valued at approximately $20 billion, marking a significant early holder exit on February 24, 2026. The wallet's decade of dormancy ended with its re-activation and liquidation, a notable event for the $BTC market.
The divestment by the long-term holder coincided with a shift in $BTC market sentiment. The Fear & Greed Index registered an extreme fear level, scoring 0 out of 100. Overall $BTC sentiment dropped to 60.9% bullish, moving below its typical baseline range of 65-75% bullish.
Meteora Faces Multi-Billion Dollar Fund Theft Allegations
Meteora, a Solana liquidity platform, faces accusations of stealing between $1.2 billion and $2 billion in customer funds. An investigation by on-chain sleuth ZachXBT, reviewed by COINBEURO, concluded the alleged theft involved insider trading and direct misappropriation of user assets. ZachXBT's prior announcement of an insider trading investigation on February 26 spurred Polymarket activity, with users placing over $9 million in bets, and Meteora ($MET) emerged as the primary focus.
Probabilities for Meteora being named dropped 15.0 percentage points, from 41% to 26%, on Polymarket, with $820,000 in volume. While four new accounts wagered $55,000 on Axiom, Meteora accounted for the majority of betting volume.
Following ZachXBT's initial announcement, the $MET token experienced a nearly 14% price decline within 24 hours. The token's 7-day performance reflects a 16.9% decrease, with its current price at $0.180353. One specific trading action involved a Polymarket account purchasing 22,000 "YES" shares regarding Meteora's accusation while simultaneously shorting 186,000 $MET on Hyperliquid, reportedly generating $4,800 in profits.
Senator Blumenthal Probes Binance on Iran Sanctions
US Senator Richard Blumenthal (D-CT) initiated an inquiry into Binance on February 24. As a member of the Senate Homeland Security Committee, Senator Blumenthal dispatched a letter to Binance co-CEO Richard Teng, seeking documentation and details regarding allegations that Binance facilitated money laundering and enabled sanctions evasion for individuals in Iran.
The probe requests records concerning the alleged use of Binance's platform by users within Iran, which would violate international sanctions. It also extends to records related to the dismissal or suspension of compliance personnel. This action follows multiple reports alleging Binance ignored prior warnings and recommendations designed to prevent illicit financial activities.
Jane Street Sued Over Alleged $85M UST Insider Trading
Quantitative trading firm Jane Street faces a lawsuit alleging insider trading related to the depeg of Terraform Labs' algorithmic stablecoin, $UST. The complaint claims Jane Street exploited privileged information during $UST's collapse in May 2022.
The lawsuit alleges Jane Street executed a sale of approximately $85 million in $UST on Curve's 3pool, a liquidity pool for stablecoins. The timing of this alleged sale, within minutes of a related transaction by Terraform Labs, is a key accusation. Plaintiffs contend Jane Street leveraged insider ties and non-public information to dump $UST, claiming an unfair advantage during market volatility.