Terraform Labs said in a filing on Tuesday that its latest bankruptcy filing will allow it to pursue a "life-or-death" appeal of a securities fraud case brought by the U.S. Securities and Exchange Commission. The case is set for trial in March on the SEC's remaining fraud charges. Such appeals typically require the company to post a deposit of 110% of the total judgment amount before proceeding with the appeal. But Terraform Labs said it can appeal under Chapter 11 without posting a bond. "The exact amount of the penalty judgment is unknown but is likely to exceed the debtor's assets. Without Chapter 11 protection, the debtor may have to liquidate after trial," Chris Amani, director of operations at Terraform, wrote in a court filing. Terraform Labs plans to argue in its appeal that the SEC has no authority over the company because its cryptocurrency tokens are not "securities." Terraform Labs owns approximately $28 million worth of Bitcoin, $7 million in various other cryptocurrencies, and approximately $87 million worth of Luna, according to the company’s court filings.

FOX Business reporter Eleanor Terrett tweeted that the U.S. SEC has submitted a brief to the court and plans to withdraw its lawsuit against DEBT Box. The SEC indicted DEBT Box and 18 of its principals last July for participating in a crypto-asset securities fraud scheme, and admitted in late December that it had made inaccurate statements and faced sanctions for the misleading statements. Eleanor Terrett said that the dismissal of the lawsuit theoretically opens the door for the SEC to file new lawsuits against Debt Box in the future. If the judge accepts the proposal to withdraw the lawsuit, it does not necessarily mean that the SEC can be exempted from legal liability. The judge can choose to impose monetary sanctions on the SEC for misleading the court.

According to Bloomberg, Salil Deshpande of venture capital firm Uncorrelated Ventures successfully raised $315 million for a new fund. Despite the recent difficulties faced by startups around the world, especially in the crypto industry, Deshpande said the fundraising process was surprisingly smooth. The new fund will mainly invest in early-stage projects in traditional basic software (80%) and similar start-ups in the crypto industry (20%). Deshpande believes that blockchain technology still has value in the storage and computing fields. Uncorrelated Ventures currently manages over $700 million in assets, focusing on the U.S. and global markets, particularly the Indian market.

OKX Simple Earn Coins has now launched the USDC interest rate increase event, with a total prize pool of 200,000 USDC. During the event, users sign up and subscribe for USDC’s simple currency-earning products through the app’s homepage banner or event link. While receiving basic income, new positions will enjoy an additional 5% annualized income. The interest rate increase limit for each person is 50,000 USDC, the excess will be calculated based on normal market returns.

Coinbase said institutional clients will be required to pay exchange fees when their net exchange of USDC to U.S. dollars exceeds $75 million in a 30-day period. Among them, transactions between US$75 million and US$150 million will be charged a fee of 0.1%; transactions between US$150 million and US$500 million will be charged a fee of 0.15%; transactions exceeding US$500 million will be charged a fee of 0.2%. Coinbase added that conversion fees will be waived for Coinbase Prime customers who hold more than $500 million in assets on the platform or hold an average of $100 million in USD/USDC per calendar month. In addition, members of the Coinbase Exchange Liquidity Program who meet Tier 1 or Tier 2 qualifications are also exempt from USDC exchange fees as long as they meet the qualifications.

According to Spot On Chain monitoring, wallet 0x8b3 (STEPN investor or team wallet) deposited 14.34 million GMT (approximately $3.87 million) into Binance 14 hours ago.

The amount of deposits in the 3A gaming platform SkyArk's Genesis NFT sales contract address exceeded 41,000 ETH, and is temporarily reported at 41,726 ETH, which is approximately US$95.65 million.

Wallet address 0xa58 (related to MakerDAO co-founder Rune) sold 2,235 MKR over the past two days at an average price of $2,032 and received 4.542 million DAI. Currently, the wallet still has 2,430 MKR ($4.92 million) and may continue to be sold. MKR price has fallen by 3.39% in the past two days since it was first sold.

Bitwise CEO Hunter Horsley tweeted that $31 million of funds flowed into his Bitcoin ETF "BITB" today, and the ETF's current Bitcoin asset management scale has exceeded $550 million. Hunter Horsley said that Bitwise is committed to providing investors with the lowest fees, while disclosing Bitcoin addresses to increase transparency, and dedicating 10% of gross profits to open source development.