Wu's Daily Selected Crypto News - ZachXBT Announces Major Investigation: Long-term Insider Trading and Data Abuse by Employees of a Highly Profitable Industry Company

1. ZachXBT Announces Major Investigation: Long-term Insider Trading by Employees of a Highly Profitable Industry Company

On-chain detective ZachXBT posted that a major investigation will be released on February 26, involving “one of the most profitable companies in the crypto industry,” accusing multiple employees of abusing internal data for insider trading over an extended period; he added, “Anonymous There was crime everywhere.” The market widely suspects the target or direction points to the Solana-based protocol MeteoraSolana meme coin launch platform Pump fun. The full details are still to be disclosed and confirmed on February 26.

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2. Wintermute: BTC Volatility Under Pressure, ETH Focuses on $1,600 Support

Wintermute analysis states that BTC is fluctuating in the $64,000–$67,000 range, unable to break above $70,000, behaving as a high-beta asset with some blue-chip altcoins moving in tandem. ETH fell below $1,900 this week, with a critical level around $1,600. Crypto market: institutional demand has not recovered, derivatives basis is at multi-month lows, bearish skew is rising, open interest has decreased since October; capital flows are mainly selling, with high-net-worth individuals briefly buying some altcoins mid-week, but confidence quickly faded.

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3. Xinmin Evening News: 38-Year-Old Chinese Businessman Killed in Turkey, 10 Suspects Detained, Involved in Crypto Asset Transfer

According to reports from Xinmin Evening News and others, Turkish police announced that Chinese businessman Wang, aged 38, was kidnapped and murdered in Turkey; a total of 10 suspects, including a woman, have been arrested. Police said the suspects tracked him from Istanbul Airport; after dining with a female companion on January 19, he was forcibly taken. The case is suspected to involve debt disputes, with suspects stealing his phone and transferring funds from his cryptocurrency accounts. Some involved individuals have left the country, and INTERPOL is assisting in the pursuit.

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4. Ethereum Foundation Launches Treasury ETH Staking Program, Plans to Stake About 70,000 ETH

The Ethereum Foundation announced the start of staking part of its treasury funds, in line with last year’s treasury policy. Today, the foundation deposited 2,016 ETH, planning to stake approximately 70,000 ETH, with all staking rewards returned to the foundation’s treasury. The staking uses open-source software Dirk and Vouch (developed by Attestant): Dirk acts as a distributed signer supporting multi-jurisdictional operations without a single point of failure; Vouch supports multi-client pairing, reducing client diversity risk. The foundation uses a few clients combined with custodial infrastructure and self-managed hardware across multiple jurisdictions. The foundation states that this move helps ensure the security of the Ethereum network and provides funding for protocol development, ecosystem growth, and community support.

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5. WLFI: USD1 Faces “Coordinated Attack,” Including Multiple WLFI Co-founder Accounts Hacked, FUD Spread Paid

The Trump family crypto project World Liberty Financial (WLFI) announced that USD1 faced a “coordinated attack,” including hacking of multiple WLFI co-founder accounts, paid FUD dissemination, and large-scale shorting attempts to profit from market volatility. Previously, Trump’s second son and WLFI co-founder Eric Trump deleted some WLFI-related tweets. Possibly influenced by these actions, WLFI temporarily dropped over 8%. The USD1 stablecoin briefly de-pegged to 0.9802 USDT.

WLFI stated that no WLFI or USD1 smart contracts or wallets were hacked. The incident only involved unauthorized access to co-founder X account and did not affect the protocol infrastructure.

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