Terra Sues Jane Street Amid $USDT Manipulation Claims, Jane Street Deletes X Posts
Terra Luna has initiated legal proceedings against Jane Street, alleging the firm engaged in $USDT stablecoin manipulation that, according to Terra's filing, played a primary role in triggering the broader crypto winter of 2022. Coinciding with these claims, Jane Street reportedly removed all content from its official X account amidst circulating allegations of the firm's market influence. The news contributed to a bearish sentiment for $USDT and $LUNC, with $USDT sentiment dropping to 45% bullish and $LUNC sentiment falling to 32% bullish.
Blockfills CEO Resigns Following $75M Lending Losses
Nicholas Hammer, co-founder and CEO of crypto lending platform Blockfills, has resigned following the firm's disclosure of $75 million in lending losses. Hammer's departure comes after Blockfills suspended client deposits and withdrawals earlier this month, attributing the halt to prevailing market conditions.
China Alleges US Profited $20 Billion from CZ, Chen Zhi Cases
On February 26, China released an official report, 'Deep Analysis of Global Virtual Currency Asset Harvesting Operations under US Technological Hegemony.' The document alleges the United States accrued nearly $20 billion from legal cases involving Changpeng Zhao ($CZ) and Chen Zhi, attributing these profits to the US's 'technological hegemony' in the virtual currency landscape.
Putin Approves Crypto Confiscation in Russia
Russian President Vladimir Putin signed legislation permitting the confiscation of cryptocurrencies within the country. This regulatory action grants Russian authorities the power to seize digital assets linked to suspected illicit activities, including money laundering and terrorism financing. Following the announcement, the Fear & Greed Index plummeted to 0/100, indicating extreme fear among investors. $BTC sentiment, which typically ranges from 65-75% bullish, dropped to 62.3% bullish in the hours after the news.