KLEA Crypto Daily: Monday, February 23, 2026

Published: February 24, 2026 – 00:03 UTC

Here’s a look back at the key stories from February 23, 2026.

Terraform Labs Sues Jane Street for Insider Trading Allegations

According to The Wall Street Journal, Terraform Labs has filed a lawsuit against Jane Street in New York federal court, accusing the firm of using nonpublic insider information to profit during Terraform's collapse. The lawsuit alleges that Jane Street engaged in front-running trades based on insider knowledge.

World Cup Games in Mexico at Risk After Crypto-Laundering Drug Lord Killed

FIFA World Cup organizers are reportedly considering moving this year’s tournament out of Mexico after the death of a crypto-laundering Mexican cartel kingpin led to a wave of violence from his supporters. The death of Nemesio Oseguera Cervantes, known as “El Mencho,” resulted in burning of vehicles and buildings across the country, potentially impacting the scheduled host city of Guadalajara.

Crypto.com Moves Closer to Federal Bank Oversight With OCC Nod

Crypto.com has received conditional approval from the Office of the Comptroller of the Currency to charter a national trust bank, marking a significant step for the digital asset firm towards deeper integration into the U.S. banking system.

Anthony Scaramucci Says Betting on Bitcoin Becomes ‘More Reasonable With Each Passing Year’

In a concise defense of the Bitcoin bull case, SkyBridge Capital founder Anthony Scaramucci argued that the digital asset is increasingly vital as a “neutral, non-sovereign, digitally native store of value” in a world of mounting geopolitical and economic instability. Scaramucci highlighted key drivers making the Bitcoin bet “more reasonable with each passing year.”

Banks, Asset Manager Stocks Plunge on Private Credit Panic: What’s Moving Markets Monday?

Wall Street opened the week under heavy pressure as risk sentiment deteriorated on AI-related credit concerns and fresh trade uncertainty amid the feud between President Donald Trump and the Supreme Court. The S&P 500, Nasdaq 100, and Dow Jones Industrial Average all experienced significant declines, with sharp losses in financial names like Apollo Global Management Inc. and Blackstone Inc.

Bitmine Buys 45,749 ETH Even as Unrealized Losses Near $9 Billion

Corporate treasuries holding Ether are facing significant losses as the token's value drops, with Bitmine Immersion Technologies among the most exposed. Despite large unrealized losses, Bitmine added 45,749 ETH to its holdings last week, showing continued accumulation.

Why SEC’s New Stablecoin Haircut Will ‘Open the Floodgates’ for Institutional Finance

The US SEC's decision to allow broker-dealers to apply a 2% haircut to stablecoins is expected to make stablecoins more appealing to traditional financial firms. This regulatory change is anticipated to increase the integration of stablecoins in institutional finance, according to industry experts.

Missouri Lawmakers Revive Bitcoin Reserve Bill

Missouri lawmakers are making a renewed effort to establish a Bitcoin strategic reserve fund in the state treasury, allowing investments in cryptocurrency using state funds. This move comes after a similar bill failed last year, with the new version showing key differences in its approach.

Vitalik Buterin Sells Over $15M Worth of ETH

Ethereum co-founder Vitalik Buterin has sold over 8,000 ETH worth $15 million as part of a plan to fund ecosystem development. Despite the sales, Buterin remains one of the largest Ethereum holders, continuing to reduce his holdings amidst market pressures.

Bitcoin’s 45% Collapse Doesn’t Mean It Failed, Bitwise’s Matt Hougan Says

Bitwise's Chief Investment Officer, Matt Hougan, argues that Bitcoin's recent 45% drop doesn't signify failure but rather prompts a debate on its true purpose amidst market uncertainty and geopolitical tensions.

Crypto.com Receives Conditional Approval from the OCC to Apply for a Federally Regulated Banking License

Crypto.com has obtained conditional approval from the Office of the Comptroller of the Currency (OCC) to pursue a federal charter for a national bank license, enabling the platform to offer digital asset custody and staking services under federal regulation.

Binance US Plans Expansion in the US Following SEC Lawsuit Withdrawal

Bloomberg reported that Binance founder CZ stated that Binance US is looking to grow in the US after the SEC's 2023 lawsuit was withdrawn under new leadership. CZ mentioned potential deeper banking partnerships or licensing, pending legal and team review.

Person from WLFI Wallet Team Clarifies USD1 Compliance Amid "Attack"

A member of the WLFI Wallet team clarified that USD1 is fully compliant and addressed an alleged "attack." This comes after on-chain detective ZachXBT hinted at a forthcoming investigative report on a profitable crypto company, leading to market fluctuations for WLFI and USD1.

Supreme Court Rules Against Trump Tariffs

The Supreme Court's decision against Trump's tariffs has caused fluctuations in the crypto market, raising questions about its long-term implications.

Harvey AI Launches End-to-End Legal Workflow Platform for M & A Teams

Harvey AI introduces a comprehensive document workflow system for M & A teams, leading to significant time savings for users.

'If It’s Not Going to Zero, It’s Going to a Million': Michael Saylor’s Strategy Buys Another 592 Bitcoin for $40M

Michael Saylor's Strategy recently acquired 592 bitcoins for $40 million, emphasizing a strong belief in the long-term potential of Bitcoin.

Vitalik Buterin Suggests an AI-Driven Framework to Improve DAO Governance

Vitalik Buterin proposes using personal AI assistants with large language models to help individuals make better decisions in decentralized autonomous organizations (DAOs), addressing the issue of low voter turnout and excessive power concentration in delegates.

BlackRock Deposits 1,134 BTC and 7,553 ETH into Coinbase

BlackRock has deposited significant amounts of Bitcoin and Ethereum into a Coinbase Prime address, signaling a notable move in the cryptocurrency space.

Source: KLEA News