2日前
Jane Street Faces Allegations Over Bitcoin ETF Structure and Price Discovery Impact
The bankruptcy estate of Terraform Labs has filed a lawsuit accusing Jane Street of insider trading, prompting debate over whether the firm's role in Bitcoin ETFs affects price discovery. Bitwise advisor Jeff Park argues that a regulatory carve-out in Regulation SHO creates a "grey window" where authorized participants like Jane Street, JPMorgan, and Goldman Sachs can short without standard locate requirements, potentially weakening spot-buying incentives. Park concludes that no authorized participant is directly pushing Bitcoin's price down, but the ETF structure may undermine the integrity of the price discovery process, a view that several market participants dispute.
BTC
BTC-5.68%
2日前
2-24
Michael Saylor Downplays Bitcoin's Quantum Computing Risk, Citing Lack of Network Consensus
During a recent podcast, MicroStrategy founder Michael Saylor said there is currently no consensus in the Bitcoin network on the so-called quantum computing threat, describing it as another alarmist narrative. He compared these concerns to past fears such as China's role in mining and argued that most such narratives function as business models for those promoting them. Saylor added that potential upgrades to address quantum issues should be approached over roughly a 10-year horizon as global consensus emerges.
2-24
2-23
Vitalik Buterin Proposes New Approach to Ethereum Security and User Intent
Ethereum co-founder Vitalik Buterin has outlined a new framework for thinking about blockchain security, arguing that the divide between security and user experience is largely artificial. He emphasizes minimizing the gap between what users intend and how systems actually behave, calling for redundancy-based protections in Ethereum wallets and dApps. Buterin also suggests using large language models as an additional, but not exclusive, layer to help interpret and verify user intent.
2-23