Crypto traders blame Jane Street for a daily 10 a.m. Bitcoin dip after a Terraform lawsuit claimed dubious trading practices, but analysts say timing matches broader risk repricing. Cryptocurrency investors accused quantitative trading company Jane Street of pressuring Bitcoin’s price with a daily, programmatic sell-off at the US market open, but market analysts and data suggest the pattern is not consistent, and no single company can force Bitcoin into a prolonged bear market. The claims surged online a day after Terraform Labs’ court-appointed administrator sued Jane Street, alleging insider trading tied to transactions that worsened the collapse of Terra’s algorithmic stablecoin ecosystem in May 2022. Several market watchers, including crypto influencer Justin Bechler, have argued that Jane Street’s holding of BlackRock’s iShares Bitcoin Trust exchange-traded fund (ETF), known as IBIT, could mask a net short Bitcoin position through hedges that do not appear in public filings. Bechler argued that Jane Stre...
American Bitcoin posted a $59.5 million Q4 loss while its revenue rose and its Bitcoin stack topped 6,000 coins, as peers pivot to AI and sell down treasuries. American Bitcoin Corp. (ABTC) reported a fourth quarter 2025 net loss of $59.5 million, even though its revenue climbed to $78.3 million, up 22% from the third quarter, according to its latest earnings release and 8‑K filing with the United States Securities and Exchange Commission (SEC). The Trump family‑backed Bitcoin (BTC) miner posted a Q4 gross margin of 53% and said it had “mined Bitcoin at a 53% discount” to spot purchasing. A sizable non‑cash loss on digital assets contributed to a full-year 2025 net loss of $153.2 million, driven in large part by fair‑value markdowns on its Bitcoin holdings. Read more
Cryptocurrency exchanges are moving to block scam-linked transfers before funds leave their platforms as fraud losses continue to climb. Crypto exchange OKX has expanded its relationship with blockchain analytics company Chainalysis by integrating Alterya, a fraud-detection platform designed to identify scam-related payment destinations before funds are sent. The partnership reflects a broader shift among exchanges from post-transaction blockchain monitoring toward earlier intervention, particularly in cases where users are persuaded to transfer funds to scam-controlled accounts, OKX told Cointelegraph. Alterya analyzes scam infrastructure across websites, social media and messaging channels, and links those signals to financial identifiers such as crypto wallets and bank accounts. Integrated into withdrawal flows, the system allows exchanges to flag or block transfers to addresses believed to be associated with active scams. Read more
DefiLlama data shows derivatives contribute heavily to DeFi’s $1 billion-plus quarterly revenue as lending and trading infrastructure converge. Decentralized perpetual futures exchange (perp DEX) Grvt said it has integrated the Aave lending protocol to let traders earn yield on collateral posted for margin while keeping their derivatives positions open. The company said Thursday that the feature is designed to reduce the opportunity cost of margin collateral that typically sits idle on trading venues. Perpetual futures are crypto derivatives that track an asset’s price and do not expire. “On most platforms, your capital can only do one thing at a time,” Hong Yea, CEO of Grvt, told Cointelegraph. “Your stablecoins are either earning yield or available to trade, but not both.” He said the integration aims to let users deposit once and use the same capital as active margin while earning lending returns. Read more
MetaMask Card goes live in the US, with first-time availability across 49 states, including New York, following initial pilots over the past two years. Self-custodial cryptocurrency wallet MetaMask is rolling out its Mastercard-enabled spending card in the United States, with first-time availability in New York. MetaMask parent company Consensys on Thursday announced the general availability of the MetaMask Card across the US following initial pilots in 2025 and 2024. With the US launch, MetaMask Card joins existing availability in Argentina, Brazil, Canada, European Economic Area countries, Mexico, Switzerland and the United Kingdom, with additional markets to follow, the company said in an announcement shared with Cointelegraph. Read more