Jane Street disclosed a $990 million position in Bitcoin ETFs as of June 30, primarily in BlackRock's iShares Bitcoin Trust, according to an SEC filing. This disclosure coincided with the firm's announcement of a $15 billion trading loss in July, its worst month in a decade, largely due to margin calls linked to an AI hedge fund and weak Asian equity bets. However, Jane Street operates mainly as a market maker rather than a directional investor, so the large Bitcoin ETF position likely reflects hedging or client demand rather than bullish sentiment. The current size of this position remains unknown until the next SEC filing in November.
Alphabet is predicted to announce that its Google Cloud division will achieve revenue growth exceeding 100% in its upcoming report on October 28. This significant growth highlights the expanding importance of cloud services in Alphabet's business str...
The Ethereum gas limit on the Hoodi testnet will increase from 60 million to 200 million on October 26, coinciding with the upcoming Glamsterdam upgrade. This change allows more computation per block, enabling more or more complex transactions, but d...
The WisdomTree Cloud Computing Fund (WCLD) has been upgraded to a buy due to its improved valuation and positive technical indicators. It trades at a reasonable 22.2x price-to-earnings ratio with a strong long-term earnings growth rate of over 14%, r...
Ether (ETH) experienced $12.99 million in long position liquidations within an hour ending at 3:40 p.m. ET on October 18, contributing to a total of $13.01 million liquidations on Binance, Bybit, and OKX. This sharp liquidation coincided with Ether's...
Ether (ETH), the second-largest cryptocurrency by market capitalization, fell below the $2,350 mark, trading at $2,346 as of 3:35 p.m. ET on October 18. This represents a 0.73% decline over the previous hour, with a slight drop from $2,367 fifteen mi...
