Donald Trump signs a sweeping crypto executive order, questions grow around leadership changes at the Ethereum Foundation, and Jane Street is accused of dumping $192M worth of UST before Terra’s collapse.
@Jennsanasie has what you need to know.
JUST IN: Newly unsealed court filings allege Jane Street used a private Telegram channel called "Bryce's Secret" to obtain insider information from Terraform Labs before dumping $192M of $UST near par, then made $134M shorting the token as Terra's $40B ecosystem collapsed.
Every time Saylor talks about the 11% yield on STRC and trying to peg it to $100 I can’t help but think back to Terra and the 20% rate they promised everyone on Anchor
Luna is MSTR
UST/Anchor is STRC
LFG is the Bitcoin Strategy holds
The Office of the Terraform Labs Plan Administrator has filed a lawsuit against Jane Street, alleging insider trading, market manipulation, and deceptive trading practices that contributed to the May 2022 collapse of Terraform Labs.
The complaint details how Jane Street allegedly traded on material non-public information, executed a concentrated $85M UST sale minutes after a confidential liquidity withdrawal, and avoided substantial losses while investors suffered billions in damages.
This action seeks to recover value for creditors and hold Jane Street accountable for exploiting the ecosystem during one of the most consequential events in crypto history.
Read more here: https://t.co/LKevMW3CAX
🚨HUGE: WHITE HOUSE MEETS WITH CRYPTO FIRMS TODAY
At 1pm ET today (Feb 2), Trump's White House will meet with firms like @coinbase, @ripple, @krakenfx to discuss key stablecoin regulation.
The meeting will discuss the controversial 'CLARITY Act' and whether or not stablecoin issuers should be allowed to issue rewards and yield.
Naturally, traditional banks are doing their best to make sure this does not happen, afraid of the competition.
다들 들으면 깜짝 놀랄 이야기
1. 화이트 컬러 사무직의 직업은 곧(Very soon) 사라진다.
2. 의사하지 마라. 3년 내에 휴머노이드(여기선 옵티머스)가 세계 최고 외과 의사보다 수술을 잘 한다.
3. 미래를 위해 저축하지 마라. 저축은 필요없다. 보편적 고소득이 온다.
4. 이후의 미래는 나도 알 수 없다. 시간의 지평선 너머를 아무도 모르는 것처럼
(to be continued)
The Office of the Terraform Labs Plan Administrator has filed a $4B lawsuit against Jump Trading over its direct role in the collapse of Terraform Labs, seeking to hold Jump to account for enriching itself through illicit market manipulation, self-dealing, and misuse of assets.
The action aims to recover value for creditors and hold Jump responsible for exploiting the ecosystem, leaving unsuspecting investors to bear the losses.
Link to full article in post:
https://t.co/Dozl30gOfB