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Bitcoin and other major cryptocurrencies surge, Jane Street reportedly suspends "10 am Sell-Off" rumor following lawsuit

2 hours ago

February 26 – The cryptocurrency market notched one of its strongest single-day rebounds in recent times, with Bitcoin, Ethereum, and Solana all climbing. The rally pushed the total crypto market capitalization up by roughly $170 billion to nearly $2.5 trillion. Per HTX market data, Bitcoin rose toward $70,000, Ethereum gained over 13%, and Solana jumped more than 15%. This rebound marks the end of the extended pullback that began after last October’s peak. Market analysts link the uptick to the recent insider trading lawsuit against Jane Street, a major crypto market maker. Some crypto commentators noted that over the past few months, there was a pattern of apparent concentrated Bitcoin sell-offs around 10 a.m. ET—trading that abruptly ceased following the lawsuit’s announcement. No public evidence confirms Jane Street conducted systematic Bitcoin sell-offs at that fixed time. Still, the market broadly views expectations of diminished potential selling pressure as having lifted investor sentiment in the short term.
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ARC experienced a "flash crash" last night and this morning, with a whale address starting to continuously sell off yesterday.

On February 26, GMGN market data (via gmgn.ai) shows the ARC token saw a sharp price drop overnight and this morning. Its market capitalization plummeted from $131 million to $56.65 million, marking a 44.89% decline over 24 hours. Furthermore, monitoring from onchainschool.pro indicates a whale address that received $1.7 million in ARC tokens began continuous selling yesterday and has fully exited its position as of press time. Additionally, the ARC token contract recorded $3.4924 million in liquidations over the past 12 hours, with long positions accounting for $3.0054 million of the total.

6 minutes ago

Binance Launches Five Localized WhatsApp Channels

February 26 — Binance has officially launched five new verified WhatsApp channels, per an official announcement. The channels cover Mandarin Chinese, Africa, Arabic, Argentina, and Brazil, and support only one-way communication. They are Binance’s sole official channels for engaging with users on WhatsApp across Africa, the Middle East and North Africa (MENA), Latin America, and non-mainland Chinese-speaking communities.

6 minutes ago

Cryptomining Firm Hut 8 Incurs $248 Million Net Loss Last Year, Advances Shift to AI Infrastructure

February 26: Hut 8 released its full-year 2025 financial results, reporting a net loss of $248 million—compared to a net profit of $331.4 million in the same period of 2024. The company cited unrealized digital asset losses of approximately $220 million as the primary driver of its performance pressure. Revenue for the period rose to $2.351 billion, up from $1.624 billion in 2024. Hut 8 also highlighted its transition from a Bitcoin mining firm to a power and AI infrastructure developer. In 2025, it inked a 15-year AI leasing agreement with Google-backed financing, with a base contract value of roughly $7 billion. The company expects its development pipeline to reach 8.5 gigawatts by the end of 2025. (Source: The Block)

6 minutes ago

NASDAQ 100 Index Put/Call Ratio Rises to Highest Level Since 2022 Bear Market Low

February 26 – Per The Kobeissi Letter, the Nasdaq 100’s put/call ratio has climbed to 1.2, marking its highest level since the 2022 bear market trough. The reading surpasses the April 2025 peak and all other metrics in the past 12 years (excluding 2022, when it hit 2.3), signaling investors are hedging against tech stocks. Additionally, the S&P 500’s total put/call ratio has risen to 0.9, its highest since April 2025. This aligns with levels seen during 3-5% market pullbacks since early 2024. Separately, dollar-denominated put option trading volume relative to calls is the second-largest increase in nearly two years, trailing only levels observed ahead of April 2025.

6 minutes ago

Jane Street Boosts Silver ETF Holding to Record in Q4, Emerges as Top Holder

On February 26th, ZeroHedge—citing data from the Bloomberg Terminal—reported that Jane Street set a Q4 record by increasing its holdings in the iShares Silver Trust ETF (SLV) by 20.6 million shares, becoming the ETF’s largest holder. ZeroHedge is warning investors to watch for potential financial engineering and market manipulation behind the recent silver surge.

6 minutes ago

Mr. Beast Team Member Involved in Kalshi Insider Trading Fined

February 26th — Forbes reports a top editor on Mr. Beast’s team has been banned from Kalshi for two years and fined approximately $20,000. The penalty stems from a $4,000 predictive trade using insider information between August and September 2025. CFTC Chairman Mike Selig noted the agency has formed a Prediction Market Advisory Committee to collaborate with industry participants on combating insider trading, warning wrongdoers they face legal consequences. Separately, a former California gubernatorial candidate has been barred from Kalshi for insider trading violations. The candidate bet roughly $200 on his own election odds during last year’s campaign and posted related content on X. Kalshi imposed a five-year ban and $2,000 fine; the individual is identified as Kyle Langford, who is currently running for Congress.

6 minutes ago

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