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Terraform Labs bankruptcy administrator sues Jane Street, accusing it of frontrunning trades using insider information
ChainCatcher news, according to WSJ, the court-appointed bankruptcy administrator of Terraform Labs has filed a lawsuit against Jane Street in a New York federal court, accusing it of engaging in front-running trades and profiting from non-public insider information provided by Terra insiders during the Terra collapse. The complaint states that shortly after Terraform Labs withdrew 150 million TerraUSD (UST) from the Curve liquidity pool, a wallet address associated with Jane Street also withdrew 85 million UST from the same pool. This series of operations allegedly resulted in illegal profits and accelerated the demise of Terraform Labs.
2026/02/23 23:48
Nikkei Index May Rise as Investors Assess Tariff Developments
Glonghui, February 24th|As investors assess tariff developments, Japanese stocks may rise. Media reports citing informed sources stated that the Trump administration is considering imposing new national security tariffs on six industries. Previously, U.S. President Trump said over the weekend that he would raise a new global tariff rate to 15%, aiming to replace several tariffs that were ruled illegal by the Supreme Court last week. Nikkei index futures on the Singapore Exchange rose 0.2% to 56,770 points. The USD/JPY was quoted at 154.69 yen, compared to 154.66 yen in New York on Monday night. The Nikkei index fell 1.1% last Friday to 56,825.70 points. The Japanese market was closed on Monday due to a holiday.
2026/02/23 23:31
UBS expects gold prices to rise to $6,200 per ounce in the coming months
UBS reiterated its positive stance on gold, expecting the international spot gold target price to reach $6,200 per ounce in the coming months. Analysts believe that escalating geopolitical risks due to tensions between the United States and Iran, as well as the Federal Reserve's easing cycle putting pressure on real interest rates, will support gold prices. UBS expects global gold demand to exceed 5,000 tons in 2025, with increased investment flows and continued central bank purchases driving prices higher. On the supply side, Wood Mackenzie estimates that around 80 mines will exhaust their production plans by 2028, indicating limited supply flexibility in the short term.
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