A whale attempted to carry out a long position ARC attack on Lighter but ultimately failed, resulting in a $5.3 million loss

Wall Street Journal reported that on February 24, the court-appointed bankruptcy trustee for Terraform Labs filed a lawsuit against Jane Street in the U.S. District Court for the Southern District of New York, accusing the quant trading firm of frontrunning trades using non-public insider information from Terra insiders during the Terra ecosystem collapse and profiting from it. The lawsuit alleges Jane Street established a secret communication channel with Terraform Labs’ internal staff via former intern Bryce Pratt to obtain confidential non-public information. On May 7, 2022, Terraform Labs withdrew 150 million TerraUSD (UST) from the Curve liquidity pool without prior disclosure. Jane Street followed up by withdrawing approximately 85 million UST through an associated wallet within 10 minutes—completing a frontrun before market-wide panic set in and UST fully depegged. The suit claims this illegal activity generated profits and accelerated the collapse of Terraform Labs and its e

Official sources confirm OKX will officially launch Stock Perpetual Swaps in select supported jurisdictions on February 26, 2026, at 15:00 UTC+8 across its web, app, and API platforms. Contract trading for specific stocks will kick off at the following times (all UTC+8): - INTC: February 26, 2026, 15:00 - PLTR: February 26, 2026, 15:15 - AMZN: February 26, 2026, 15:30 - COIN: February 26, 2026, 15:45 - CRCL: February 26, 2026, 16:00

Feb 26 — Per an official announcement, Bithumb is set to list the GWEI/KRW trading pair.

On February 26, Circle CEO Jeremy Allaire addressed questions about the Arc token and its launch during the company’s Q4 2025 earnings conference call. He stated: “We’re still actively exploring the Arc token—this is a highly valuable effort as we deepen our understanding of how the token supports critical functions like stakeholder incentives, governance, security, functionality, and utility within the Arc network. That exploration remains ongoing.” “Currently, we haven’t shared any specific timelines because we’re still in the exploration phase. That said, we’ve made significant progress on the Arc project and are steadily advancing toward the Arc mainnet launch, which we expect in 2026.” Allaire added: “We anticipate top companies will participate in operating Arc infrastructure, deploying applications on it, and providing infrastructure support for asset issuers and AI agents across a wide range of use cases. We’ll disclose more details once they’re available for public re

On February 27, Binance Alpha will launch Fabric Protocol (ROBO). Eligible users can head to the Alpha event page once Alpha trading goes live to claim their airdrop using Alpha Points. Further details to follow.

On Feb. 26, Onchain Lens data shows Ethereum co-founder Vitalik Buterin has sold 16,420 ETH—valued at roughly $32.84 million at an average price of $2,000—exceeding the original planned 16,384 ETH. This move aligns with the Ethereum Foundation’s proposed “moderate issuance reduction” strategy, reallocating funds to security, privacy, core development, and the ecosystem’s long-term sustainable growth.