View: Bitcoin Price Will Not Be Explicitly Suppressed by ETF Approval Participating Institutions, but Price Discovery Mechanism May Be Affected
February 26 — The debate over Bitcoin ETF mechanics, sparked by speculation about Jane Street’s market manipulation, continues to simmer.
Bitwise advisor Jeff Park noted the question of whether Bitcoin prices were suppressed by Jane Street isn’t targeting a single institution — it’s rooted in the structural features of Bitcoin ETF architecture. Every Authorized Participant (AP) — including Jane Street Capital, JPMorgan Chase, Goldman Sachs and others — holds an exemption allowing them to create and redeem ETF shares. This lets them flexibly manage market positions (including hedging via futures or derivatives) without needing to buy actual Bitcoin, which can impact price discovery.
The operational gray area stems from regulatory exemptions and SEC approval for physical delivery. While there’s no evidence any AP explicitly suppressed Bitcoin prices, the current structure could distort the natural price discovery mechanism — warranting scrutiny from regulators and investors.
Blo
3 minutes ago
Binance Launches RLUSD Flexible Savings with Up to 8.5% APY
Binance announced on February 26 the launch of its RLUSD Capital Protection Earn Campaign, ramping up rewards for RLUSD token holders.
During the campaign, users who sign up for the RLUSD Capital Protection Earn product can earn up to 8.5% annualized APY (annual percentage yield), combining exclusive tiered returns and real-time yields.
The campaign runs from 8:00 AM UTC+8 on February 27, 2026, through 7:59 AM UTC+8 on March 13, 2026. Spots are available on a first-come, first-served basis.
3 minutes ago
Privacy Coin Leader Whale Holds Loss Position, ZEC's Largest Bull Whale Position Shows $6.68M Loss
February 26th — Data from the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN) shows that top whales holding ZEC, XMR, and DASH on Hyperliquid’s privacy-focused track are currently sitting on unrealized losses but have yet to close or exit their positions.
Leading the pack in losses is the largest ZEC long address (0xcf9): This address holds a 10x-leveraged ZEC long with a notional value of $5.03 million and an average entry price of $574. Its current unrealized loss stands at $6.68 million — representing a 294% loss that exceeds its initial capital — with a liquidation price of $142.
The largest XMR long address (0xc17) is relatively stable: It holds a 3x-leveraged XMR long with a notional value of $3.29 million, an average entry price of $384, and an unrealized loss of $350,000 (32% loss). Additionally, the address also holds ZEC longs and has been steadily adding to its positions recently to average down on both its ZEC and XMR longs.
The largest DASH long ad
3 minutes ago
Dragonfly Co-Founder and Executive Struggle Goes Public: Both Sides Clash Over Company's Founding and Investment History
On February 26th, Alexander Pack—Dragonfly co-founder (and now a Hack VC co-founder)—publicly accused Dragonfly Managing Partner Haseeb Qureshi of attempting to “rewrite history.”
Pack claimed he and his partners founded Dragonfly more than a year before Qureshi joined, and that they led investments in high-profile crypto projects (including Bybit, Amber Group, and Crusoe) while Qureshi was still active in the poker entertainment industry.
Qureshi strongly denied the allegations. He stated Dragonfly never led any transactions before his arrival, accusing Pack of mixing up “participating in investments” and “leading investments.” Qureshi added the fund had not yet been fully raised at the time—his team was still fundraising from limited partners (LPs)—and noted that when related media reports (including Forbes announcements) were published, the fund was not fully operational.
The public feud quickly caught the crypto investment community’s attention. Controversy centers on Drag
3 minutes ago