Bitcoin’s 10 A.M. Curse Lifted? Jane Street’s Legal Woes Spark Crypto Chaos!

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In the shadowed alleys of the digital bazaar, the faithful had grown accustomed to the 10 A.M. reckoning-Bitcoin, that fickle oracle of fortune, would bow to the New York sun like a penitent sinner, its gains evaporating as swiftly as morning dew.

Alas, the fleeting joys of profit, snatched away as swiftly as they appeared, became the bitter bread of the traders’ existence. Yet lo! The serpent of the market, long coiled in its 10 A.M. ritual, rose in rebellion, slithering past the $68,000 threshold, its scales glinting with a 4% surge. The absence of the familiar dagger to the heart left the crowd gasping-a spectacle more shocking than a saint’s miracle.

Behold! The digital scroll of Jane Street, once barren, now whispered of as a purge of vanity, drew the eyes of the curious and the conspiratorial. Could it be? Had the architects of chaos fallen silent, or was this but another act in the grand theater of speculation?

The growing speculation around Jane Street

“They posted little, yet their silence speaks volumes!” cried the chorus of Twitter’s prophets, their keyboards clattering like tambourines at a bacchanal. The disappearance of the “10 A.M. dump” hung in the air like a ghost at a feast.

In an epistle to AMBCrypto, Nic Puckrin, the soothsayer of Coin Bureau, intoned:

“Men of little faith! To see one spark in the void and declare the sun reborn-is this wisdom or madness? The bull market is a phantom, and you chase it like drunkards after dawn.”

He added, with the solemnity of a priest:

“Bitcoin, that brooding titan, is no trinket for the whims of a single firm! Its price is shaped by tempests of geopolitics, the icy grip of liquidity, and the fevered dreams of AI-a beast too wild for mortal hands.”

Yet the crowd pressed on, blind to reason. For what is man but a creature of delusion, clinging to hope as the drowning clutch driftwood?

A rally, they cried! A resurrection! But the sage knows: one swallow does not a summer make, nor one up day a bull market.

The Terraform lawsuit

Ah, but the drama thickens! The estate of Terraform Labs, like a vengeful ghost, drags Jane Street into the dock. “A traitor’s kiss!” they wail. “A former acolyte, now Judas, whispered secrets in the dark!”

Recall the fateful day-May 7th, 2022-when Terraform fled the 3pool with 150 million UST. Ten minutes hence, a Jane Street-linked wallet, swift as a thief, peddled $85 million in UST. Was this the spark that lit the pyre of Terra’s fall? The court says maybe; Jane Street says nonsense.

Yet the masses, ever hungry for scandal, feast on the crumbs. Jane Street’s $120 million bet on MicroStrategy? A love letter to Bitcoin, or a chess move in a game too vast for mortal minds?

And Binance? Oh, the rumors swirl-“10/10” crashes, liquidations whispered like nursery rhymes on X. But let us not forget: the “10 A.M. dump” remains but a folktale, as unproven as the virtues of a banker.

What’s more?

Terra and FTX-graves for the hopeful, monuments to folly. Yet Jane Street stands accused not of folly, but of foresight. “We did not fall,” they say, “we leapt-into profit!”

Baseless, they cry! Yet the narrative shifts: from market failure to a parable of wolves and lambs. Who, indeed, profited most from the storm?

was it flawed code, or cunning hands? The answer dances in the fog.

  • One rally, a single spark, cannot melt the winter of the bear. Only the slow climb past $74,000 will write the epilogue.

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    2026-02-26 16:40