Analysts Reject Jane Street Bitcoin Manipulation, Bitcoin ETF Demand Rises
Claims of Bitcoin manipulation by Jane Street are refuted by analysts, while demand for spot Bitcoin ETFs is increasing after a five-week outflow run.Summary
Recent accusations of Bitcoin price manipulation by quantitative trading firm Jane Street, stemming from a lawsuit by Terraform Labs’ administrator, have been largely dismissed by market analysts who cite a lack of consistent data supporting a deliberate sell-off. This comes as demand for spot Bitcoin ETFs has rebounded, with over $1 billion flowing into US-listed ETFs in three days. Elsewhere, Ethereum-related developments include Vitalik Buterin selling a significant portion of his ETH holdings and Bitmine Immersion Technologies facing substantial paper losses due to the crypto downturn. Additionally, Aave has surpassed $1 trillion in cumulative lending volume and Curve Finance’s founder advocates for DeFi protocols to focus on generating real revenue instead of relying on token emissions. The overall DeFi market showed positive movement, with several cryptocurrencies experiencing gains.
(Source：Cointelegraph)