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)

Huoxun Finance News, February 26th – CactusCustody announced the official launch of its self-hosted MPC (Multi-Party Computation) solution. As a custody brand under Matrixport, Cactus holds a Hong Kong Trust TCSP license and has served numerous well-known industry clients such as RedotPay, Fosun Wealth Holdings, and TDTC. With the increasing maturity of the Web3 industry, institutional clients are increasingly seeking autonomy in custody while demanding robust security infrastructure provided by third-party custodians. CactusCustody's MPC solution cleverly bridges this gap, combining cutting-edge Intel SGXTEE (Trusted Execution Environment) with an institution-centric risk management engine. The core security foundation of this platform is the advanced MPC-TSS (Threshold Signature Scheme). Through this technology, private key fragments are generated independently by multiple parties and jointly managed by Cactus and client-controlled devices. This architecture effectively eliminates the risk of a "single point of failure," ensuring that no party can unilaterally transfer funds, thus providing clients with absolute asset sovereignty and peace of mind. Daniel Lee, CEO of CactusCustody, commented: “Our new MPC solution is designed for organizations that prefer direct asset management while requiring a secure and compliant infrastructure. By providing a compliant, flexible, and secure platform, we enable our clients to scale their digital asset businesses flexibly and autonomously.”

Huoxun Finance reported on February 26th that, according to Ember, 11.2 billion PUMP (approximately $21.22 million) were transferred from the Pump Core Vault wallet to the exchange Kraken one hour ago. This transfer represents approximately 1.12% of the total PUMP supply. On-chain records show that this address previously received 20 billion PUMP from the Core Vault wallet last July when PUMP was listed, representing approximately 2% of the total supply at that time.

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.