Terraform Administrator Sues Jane Street; Canaan Acquires Cipher Mining Stake; Binance Denies Investigator Claims

The administrator overseeing Terraform Labs' liquidation filed a lawsuit against Jane Street alleging insider trading related to the collapse of Do Kwon's TerraLuna, The Block reports. Canaan purchased Cipher Mining's 49% stake in a West Texas bitcoin mining joint venture, while Binance rejected reports it dismissed investigators after they traced approximately $1.7 billion in crypto flows to Iranian entities linked to terrorist organizations. Other developments include Step Finance announcing it will shut down following a Jan. 31 security breach that drained $40 million, Vitalik Buterin swapping 10,723 ETH for stablecoins to fund open-source projects, the Ethereum Foundation depositing an initial 2,016 ETH to begin staking its ether treasury with plans for around 70,000 ETH total, and Coinbase expanding stock trading to all U.S. users alongside a Yahoo Finance partnership.