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.
U.S. equity markets ended the week mixed but resilient, with the S&P 500 reaching a new record high. Market expectations for a Federal Reserve rate hike in September have dropped sharply from 72% to 32%, influenced by softer inflation data and weaker...
The S&P 500 fell 0.52% on Monday, retreating from recent record highs, while Bitcoin surged over 2% to surpass $64,000. Investors are cautious ahead of the Federal Reserve's July meeting minutes due Wednesday, which could signal future rate hikes or ...
iMetal Resources has closed a $3 million private placement by issuing 30 million units at $0.10 each, including common shares and warrants exercisable until 2029. Major investor McFarlane Lake Mining now holds nearly 20% of the company and gained boa...
A cargo vessel was struck by a projectile in the Strait of Hormuz, damaging its engine room and causing a crew casualty, highlighting ongoing risks in this key shipping route. Iranian military threats and the expiration of a ceasefire between the US ...
Jeonbuk Bank has partnered with Ripple to implement Ripple Payments, enabling near real-time cross-border business remittances. This makes Jeonbuk the first regional bank in South Korea to use Ripple's payment infrastructure, aiming to speed up inter...
