ZKSync will shut down the Lite network on May 4th, focusing entirely on Era and the ZK Stack ecosystem.
**ZKSync Lite to Sunset May 4, 2026**
On Feb 27, Ethereum Layer 2 project ZKSync announced ZKSync Lite (formerly ZKSync 1.0) will officially sunset on May 4, 2026. At that time, the network will stop producing blocks and permanently freeze its final state to ensure user balances cannot be altered post-shutdown.
The team noted this is part of an “orderly, planned exit strategy” and will not impact ZKSync Era or other chains built on the ZK Stack. After Lite’s shutdown, the team will maintain at least one year of read-only APIs to support historical data queries. Users are advised to proactively withdraw assets before the deadline for convenience, though unwithdrawn funds can still be claimed later.
Current data shows ~$33.9 million in assets bridged to ZKSync Lite, including:
- ~$24.9 million in stablecoins
- ~$8.4 million in ETH and its derivatives
- ~$313,000 in BTC and its derivatives
- ~$231,000 in other assets
Launched in June 2020 as Ethereum’s first zero-knowl
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Analysis: Bitcoin Records Fifth Consecutive Monthly Decline, $70,000 Key Resistance Level
February 27: Bitcoin (BTC) hit resistance at the $70,000 psychological level and is currently trading around $67,000. Technically, BTC faces three key weekly resistance levels: the 200-week EMA (≈$68,330), its 2021 all-time high of $69,000, and the $70,000 mark—limiting short-term rebound potential.
Since February, BTC has fallen ~14% cumulatively, marking its fifth straight monthly decline—the first such streak since late 2018’s bear market.
Analysts note a valid weekly close above the 200-week EMA could reignite bullish momentum, potentially testing the $80,000 area.
Another view holds that breaking $74,500 (the cost range for 18-24 month holders) would signal a key bear market end. Historical data shows BTC posted five consecutive gains and surged over 300% after a 2018-2019 five-month losing streak. If the cycle repeats, the potential reversal window may open in April.
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Tether Secondary Market Valuation Reaches $350-375 Billion, Executives' Wealth May Enter Global Rich List
February 27th — Forbes reports that stablecoin issuer Tether’s recent secondary market valuation ranges from $350 billion to $375 billion, a figure that could drive a significant jump in the wealth of its core shareholders.
Forbes currently values Tether at approximately $200 billion (based on market interviews)—down from over $500 billion a year ago. At this valuation:
- CFO Giancarlo Devasini (holding ~44–45% of the company) has a net worth of roughly $89 billion.
- CEO Paolo Ardoino and former CEO Jean-Louis van der Velde (each with ~19% stakes) are valued at ~$38 billion apiece.
- Chief Legal Officer Stuart Hoegner (with ~12% ownership) has a net worth of ~$25 billion.
If calculated at a $350 billion valuation, Devasini’s stake would exceed $156 billion—surpassing Warren Buffett’s current net worth of ~$147.8 billion.
Key operational metrics from Tether:
- Unaudited annual profit last year: ~$10 billion.
- USDT market capitalization: ~$184 billion.
- Over 80% o
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New York Judge Denies Binance’s Motion to Compel Arbitration, U.S. Investor Lawsuit to Proceed to Public Court Hearing
On February 27, Judge Andrew Carter Jr. of the U.S. District Court for the Southern District of New York ruled that Binance lacks authority to compel U.S. users into arbitration over losses from crypto purchases on its global platform before February 20, 2019—and that the related class action will proceed publicly in federal court.
The judge found Binance unilaterally updated its Terms of Use in 2019 to add an arbitration clause without providing adequate individual notice to users. Since the 2017 version of the terms included no arbitration or class action waiver provisions, the 2019 amendments cannot apply retroactively to claims arising before that date.
Additionally, the court determined the so-called “U.S. class action waiver” in the 2019 terms did not explicitly outline specific terms and is unenforceable in federal court.
The case—Williams v. Binance—was filed by five U.S. investors from California, Nevada, and Texas, alleging Binance and founder Changpeng Zhao (CZ) ill
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Bybit Blocks $300 Million in Fraud Funds in 2025
Bybit announced the results of its 2025 security plan on February 27.
The crypto exchange revealed it intercepted roughly $300 million in funds linked to fraud, impersonation and fraudulent activities last year via a new AI-powered risk control framework.
Its "Three-Tier Withdrawal Anti-Fraud Defense System" is built on a dynamic risk grading mechanism, with three levels:
- **Level 1 (Low Risk):** Uses big data heuristics to spot abnormal patterns (e.g., large transfers to new addresses), automatically sends a questionnaire for review, and pre-blacklists high-risk addresses.
- **Level 2 (Medium Risk):** Triggers a real-time alert during withdrawals if an account is tied to leaked databases or suspicious addresses, prompting users to review the transaction to block social engineering scams.
- **Level 3 (High Risk):** Implements real-time withdrawal interception for confirmed fraudulent addresses, plus a mandatory 1-hour cooling-off period.
### Key 2025 Q4 Data
- Of $50
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In the last 24 hours, CEX net outflow of 6,501.29 BTC
February 27 – Coinglass data shows centralized exchanges (CEXs) posted a total net outflow of 6,501.29 BTC over the past 24 hours.
The three exchanges with the largest outflows were:
- Binance: 4,456.68 BTC
- Bitfinex: 2,731.10 BTC
- Bybit: 528.13 BTC
Additionally, OKX recorded an inflow of 2,469.57 BTC, topping the inflow rankings.
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