3 articles
Powerful trading firm Jane Street, one of four APs for BlackRock's Bitcoin ETF, faces scrutiny over alleged daily Bitcoin price manipulation. Past regulatory actions and a lawsuit over the Terra collapse add weight to these concerns, highlighting the risks of investing in crypto via traditional financial products.
Terraform Labs' wind-down team has filed a lawsuit against Jane Street Group, alleging the trading firm used insider information to profit from and accelerate the $40 billion collapse of TerraUSD (UST) and Luna in 2022. Jane Street denies the allegations.
Bitcoin surged past $66,000 as allegations of market manipulation against Jane Street surfaced and regulatory clarity gains momentum. Analysts predict long-term bullish trends, with some forecasting Bitcoin to exceed $1 million within the decade.
