Recent News on Cryptocurrency, Blockchain, and Finance | Yellow

Step Finance shut down Feb. 23 after a Jan. 31 treasury hack drained 261,854 SOL (~$29M). STEP token fell 97%.

The court-appointed trustee winding down Terraform Labs has filed a lawsuit against Jane Street, alleging the trading firm used non-public information to profit during the 2022 TerraUSD and LUNA crash that erased $40 billion from the crypto market.

Upbit listed Seeker (SKR) Feb. 24 with KRW, BTC, and USDT pairs. The Solana Mobile governance token surged 72% on the day.

ZachXBT announces Feb. 26 insider trading exposé targeting a top crypto firm. Over $2.2M in Polymarket bets placed on the unnamed company.

Hedge funds cut Bitcoin ETF exposure by 28% as the basis trade lost profitability, but experts say the move reflects macro-driven deleveraging and a shift toward long-term institutional capital, not fading confidence in crypto.

Coinbase lists ETHGas (GWEI) for spot trading Feb. 24. The Ethereum blockspace protocol has a $53M market cap and raised $12M from Polychain.

An Arkham-tagged early Bitcoin wallet has steadily transferred ~9,000 BTC to Coinbase in weeks, cutting its holdings from ~11,000 to ~2,000 BTC.

Bitcoin is down 23% in 2026's first 50 days - its weakest start on record, with a first-ever back-to-back Jan-Feb loss in sight.

Bitmine now holds 4.42M ETH worth ~$8.7B, but BMNR shares are down 57% in six months as it continues buying through Ethereum's selloff.

Crypto.com received OCC conditional approval for a national trust bank charter, joining Circle, Ripple, BitGo and Paxos in pursuing federal banking status.