Odaily Planet Daily reports that there are rumors that Chinese regulators are examining Jane Street’s trading behavior in the Chinese ETF market. However, a person close to Jane Street stated, “We are unaware of these rumors and have no reason to believe they are true. These rumors should not be linked to Jane Street.” This week, Jane Street, along with its co-founders and two employees, was accused of insider trading, fraud, and market manipulation. These actions are also believed to have accelerated the collapse of TerraUSD (UST) stablecoin and its sister token Luna, which together lost $40 billion in 2022.
Founded in 1999, Jane Street is one of the world’s largest proprietary quantitative trading firms. In 2024, it is expected to generate over $20 billion in net trading revenue with nearly $13 billion in net profit. Unlike hedge funds, Jane Street does not accept external client funds, which results in lower disclosure obligations compared to traditional asset management firms. This structure has helped maintain its long-standing mystery. (Caixin)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Mt. Gox Bankruptcy Case May See Resolution with Proposed Bitcoin Hard Fork
Former Mt. Gox CEO Mark Karpeles has proposed a Bitcoin hard fork to recover 80,000 BTC stolen from the exchange over a decade ago.
The hard fork would see the BTC, worth $5 billion and currently held by a single wallet, moved to a new address without the requirement of the original private k
CryptoNewsFlash3h ago
Bitcoin Drops Below $64K Amid Middle East Tensions
Bitcoin has dipped below $64K amid geopolitical tensions from U.S. and Israeli attacks on Iran, contrasting with rising gold prices. Despite this, Bitcoin ETFs saw over $1B in inflows, indicating renewed investor interest in crypto, though Ethereum and Solana also declined.
CryptoFrontNews4h ago
Iran blocks the Strait of Hormuz, oil prices may surge past $100, will Taiwan stocks open lower on Monday?
The US-Israel joint forces attack Iran, resulting in the death of Supreme Leader Khamenei. Iran immediately blocks the Strait of Hormuz, causing a disruption in global oil transportation and a sharp surge in oil prices. Analysts warn that if the blockade continues, Brent crude prices could break through $100, affecting the global energy market and the performance of Taiwan stocks, with increased pressure from foreign capital withdrawals.
動區BlockTempo6h ago
Exaggeration » Korean Tax Agency Press Release Reveals Mnemonic, 6.4 Billion Won in Seized Assets Emptied Overnight
The Korean National Tax Service quickly transferred approximately $4.8 million worth of crypto assets after a mnemonic phrase in a press release was not masked, leading to a security breach. This incident is the third cryptocurrency theft in South Korea within the past three months. Experts criticize this as a reflection of law enforcement's insufficient understanding of crypto asset security and emphasize that mnemonic phrases should be strictly protected to prevent asset theft.
動區BlockTempo7h ago
Crypto Market Sees Recovery Despite Fear Amid Geopolitical Turmoil
Despite global geopolitical tensions, the crypto market has seen a recovery, with a total market cap of $2.33T and significant gains in leading cryptocurrencies like Bitcoin and Ethereum. Noteworthy gainers include $PENGU, $TRUMP, and $PEPE, while DeFi TVL rises, and NFT sales decline. Additionally, Russia is using crypto platforms to bypass sanctions, and Ethereum explores AI for further development.
BlockChainReporter8h ago
