17 articles
Despite headlines proclaiming institutional abandonment due to ETF outflows, on-chain data reveals BlackRock purchased $289.6 million in Bitcoin. This move challenges the narrative, highlighting the complex mechanics of basis trades and Authorized Participants, while whale accumulation signals strong underlying demand.
Bitcoin experienced a consistent 2-3% daily drop at 10:00 a.m. ET, fueling speculation of manipulation by trading firm Jane Street. The pattern ceased following a lawsuit against the firm concerning the Terra collapse, with Bitcoin rallying 10%.
Bitcoin experienced significant price swings amidst geopolitical tensions and the emergence of the 'Jane Street SLAM' theory on Crypto Twitter. Key developments include Coinbase launching stock trading and anticipation building around Nonfarm Payrolls data.
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 and altcoins are experiencing notable price movements following allegations of market manipulation by Jane Street. Analysts are anticipating a potential significant rally for Bitcoin in March, with several altcoins also showing promising upside potential.
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.
