2026-04-18 Суббота

Новостной центр - Страница 356

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Jane Street's Three Sins: Insider Trading, Index Manipulation, and the Bitcoin 'Morning Massacre'

Jane Street, a highly profitable quantitative trading firm, faces serious allegations across multiple continents. In the U.S., Terraform Labs’ bankruptcy trustee has sued Jane Street, accusing it of insider trading related to the May 2022 collapse of Terra Luna. The suit claims Jane Street withdrew $85 million from a liquidity pool just minutes after Terraform secretly removed $150 million, allegedly using non-public information from a former intern. The action allegedly helped trigger a $40 billion crash. Simultaneously, in India, the Securities and Exchange Board (SEBI) has accused Jane Street of manipulating the Bank Nifty index through a “pump-and-dump” scheme over 18 expiration dates, resulting in alleged illegal profits of ~$580 million. Jane Street has been barred from Indian markets and is appealing. Additionally, Bitcoin traders had observed a pattern of sharp sell-offs at 10 AM ET—dubbed the "10 AM Crashes"—coinciding with U.S. market open, which many attributed to Jane Street’s trading activity. Notably, Jane Street is an authorized participant of BlackRock’s IBIT Bitcoin ETF, holding significant shares. After the Terra lawsuit was filed, the predictable sell-offs stopped, and Bitcoin saw a notable price rebound. The broader implication is the risk of market manipulation by privileged intermediaries within ETF structures—a problem Bitcoin was designed to overcome. If Jane Street halts its alleged manipulative strategies due to legal pressure, a major selling pressure on Bitcoin may be removed.

marsbit02/26 03:56

Jane Street's Three Sins: Insider Trading, Index Manipulation, and the Bitcoin 'Morning Massacre'

marsbit02/26 03:56

Stock Price Surges Over 35%! Circle's Earnings Report Exceeds Expectations: USDC Circulation Soars 72%

Circle (CRCL) reported strong Q4 and full-year 2025 financial results, with total revenue and reserve income reaching $770 million in Q4, up 77% year-over-year, exceeding expectations. This drove a 35% surge in its stock price. Key highlights include a 72% YoY increase in USDC circulation to $75.3 billion and a 247% rise in on-chain transaction volume to $11.9 trillion in Q4. Reserve income remained the core revenue driver at $733 million, while non-interest income reached $37 million. For the full year, total revenue grew 64% to $2.7 billion. Although the company reported a net loss of $70 million due to a one-time $424 million stock-based compensation expense from its IPO, adjusted EBITDA doubled to $582 million, indicating profitable core operations. Strategic developments include the stable testnet performance of its Arc blockchain, expansion of the Circle Payments Network with 55 financial institutions onboarded, and a key partnership with Polymarket to use native USDC. Regulatory progress includes conditional approval for a national trust bank. Looking ahead, Circle targets a 40% compound annual growth rate for USDC circulation. CEO Jeremy Allaire emphasized AI-driven payment demand, with 99% of agent-based payments currently using USDC. Despite challenges like declining yields and new competitors like USAT, Circle continues to execute its strategy as a growing internet financial infrastructure provider.

marsbit02/26 03:17

Stock Price Surges Over 35%! Circle's Earnings Report Exceeds Expectations: USDC Circulation Soars 72%

marsbit02/26 03:17

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