📉 Big crypto news evolving: a Terraform Labs bankruptcy trustee filed a lawsuit in Manhattan federal court, alleging Jane Street used non‑public information to front‑run trades just before the May 2022 TerraUSD/LUNA collapse, which wiped out about $40 billion in market value. Jane Street denies the allegations, calling the suit “desperate and baseless.” 📈 Market reaction has been notable: Bitcoin and major altcoins rallied after the lawsuit broke, with $BTC climbing above $70,000 and the broader crypto market adding over $100–150 billion in cap, coinciding with a stop to a previously observed intraday sell‑off pattern that some traders linked to institutional activity. 🔎 What’s now under renewed scrutiny is Jane Street’s role as a major market maker in Bitcoin ETFs and broader crypto liquidity provision and whether institutional trading behavior might influence price action and volatility in ways both traders and regulators will watch closely as this legal case unfolds. #Crypto #Terra #BTC #JaneStreet
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