Search results for Terraform
Crypto
Cosmos ecosystem Leap Wallet to end service in May
Leap Wallet, a non-custodial wallet in the Cosmos ecosystem, will end operations of its software suite on May 28, The Block reported. The shutdown covers its browser extension, iOS and Android apps, Leap web app, Swapfast exchange platform and the Leap Cosmos Hub validator. Users who delegated ATOM to the validator must redelegate to keep staking rewards. Users can still access assets via recovery phrases or private keys in other wallets.
Crypto
Terraform Labs liquidator sues Jane Street, alleging insider front-running
Todd Snyder, the court-appointed liquidator of Terraform Labs, sued Jane Street, co-founder Robert Granieri and two employees in New York federal court. The Wall Street Journal reported the suit alleges they used material non-public information obtained from a Terraform insider to execute front-running trades, profit and accelerate Terraform’s collapse. The complaint says Jane Street set up a private channel via former Terraform intern Bryce Pratt and accessed confidential information.
Crypto
Bitcoin 10 a.m. plunge? Jane Street manipulation claims disputed
Some investors claim U.S. trading firm Jane Street has repeatedly pushed Bitcoin lower with program selling shortly after the U.S. stock market opens, around 10 a.m. Eastern time. The claims spread after a Terraform Labs lawsuit. Analysts and on-chain researchers said the pattern is not statistically consistent and may reflect delta-neutral arbitrage that combines spot buying and futures selling. They said no clear evidence shows any single institution structurally controlled prices.
