Odaily reports that the Indiana House of Representatives and Senate have passed the Cryptocurrency Regulation and Investment Act (HB 1042), which is now awaiting the governor's signature. The bill requires certain state-managed retirement and savings plans to offer self-brokered accounts that include at least one cryptocurrency investment option. This applies to Legislator Contributory Retirement Plans, Hoosier START College Savings Plans, and public employee and faculty retirement fund plans. Furthermore, the bill stipulates that public institutions other than financial institutions cannot restrict individuals from accepting cryptocurrency payments or holding self-custodied or hardware wallet assets; it also prohibits levying special taxes on crypto activities that differ from other financial transactions. If the governor signs it into law, the relevant provisions will take effect on July 1, 2026. (The Block)

Odaily Planet Daily reports that quantitative trading firm Jane Street has been sued in the Southern District of New York federal court over the Terra ecosystem collapse, accused of using undisclosed information to avoid potential losses exceeding $200 million before the Terra/Luna crash in May 2022. The plaintiff alleges that it obtained crucial non-public information through communications with Terraform Labs' engineering and business teams and conducted large-scale transactions before the UST liquidity migration. Jane Street denies the allegations, calling the lawsuit "unfounded accusations." The complaint discloses that after Terraform withdrew 150 million UST from Curve3pool on May 7, 2022, related addresses quickly withdrew 85 million UST from the same pool, causing a liquidity imbalance. The Terra ecosystem subsequently collapsed within a week, wiping out approximately $40 billion in market capitalization. The report also points out that Jane Street was previously subject to a 105-page enforcement document from the Securities and Exchange Commission of India, accusing it of using structural advantages to obtain abnormal profits in the local market. The case currently involves 13 charges, including insider trading, securities fraud, and violations of the Commodity Exchange Act; some details remain sealed. (Forbes)

According to Odaily Planet Daily, in their annual letter released Tuesday, Stripe CEO and co-founder Patrick Collison and co-founder John Collison stated that as AI agents gradually become the primary executors of online transactions, blockchain transaction activity will increase dramatically, potentially requiring blockchains to support over 1 million or even 1 billion transactions per second. They pointed out that current blockchain infrastructure has significant shortcomings and requires large-scale scaling to meet future demands. They mentioned that a previous surge in memecoin transactions on a major blockchain caused payment delays exceeding 12 hours for Bridge users, with single transaction fees increasing 35 times. According to Chainspect data, Internet Computer Protocol and Solana are currently the two fastest blockchains in terms of transaction speed, at approximately 1196 and 1140 transactions per second respectively, and are the only two networks exceeding 1000 transactions per second, with theoretical peak speeds of 209,708 and 65,000 transactions per second respectively. The Stripe co-founder also outlined five capability levels for AI agents, including filling out web forms, descriptive searches, remembering user information, performing tasks on behalf of others, and proactively anticipating needs. He stated that AI agents are currently at the tipping point of the first two levels, having moved beyond the hype stage and entered the exploration phase of practical applications.

According to Odaily Planet Daily, Wang Bin, Chief Judge of the Third Criminal Division of the Supreme People's Court, stated at a press conference held by the Supreme People's Court on February 26th regarding the "Work of People's Courts in Punishing Telecommunications and Internet Fraud and Property Crimes According to Law" that the courts will focus their next efforts on cracking down on ringleaders and core members of criminal groups, "financial backers" of telecommunications fraud, human smugglers, organizations providing armed shelter for cross-border telecommunications fraud, and related crimes such as intentional homicide, intentional injury, kidnapping, and money laundering using virtual currencies and underground banks. Wang Bin also stated that the people's courts will increase the application of property penalties to telecommunications fraud perpetrators to prevent them from profiting economically. They will guide those involved in assisting with fraudulent activities related to bank cards and SIM cards, and those who conceal criminal activities, to voluntarily compensate victims. Returning stolen goods and making restitution will be considered as mitigating circumstances for confession and repentance, and those who have the ability but refuse to return stolen goods and make restitution will be severely punished according to law.

According to Odaily Planet Daily, monitoring by Ember, a wallet associated with the PUMP core vault transferred 11.2 billion PUMPs to Kraken one hour ago, worth approximately $21.22 million, representing 1.12% of the total PUMP supply. This wallet received 20 billion PUMPs from the core vault wallet last July when PUMP was launched, representing 2% of the total supply.