Jane Street Faces New Allegations in Terraform Labs Lawsuit
- Lawsuit Developments: Jane Street is under increased scrutiny in the Terraform Labs estate lawsuit as newly unsealed court filings reveal a private Telegram channel named 'Bryce’s Secret,' allegedly used to obtain nonpublic information before the collapse of TerraUSD in May 2022, giving Jane Street an informational edge.
- Trading Details Uncovered: The lawsuit claims Jane Street sold approximately $192 million of UST near its peg before the collapse and made about $134 million through short positions as the Terra ecosystem fell apart, highlighting its strategic trading maneuvers during market volatility.
- Legal Controversy Focus: The case centers on issues such as Jane Street's market-making access, liquidity withdrawals, and the timing of UST trades, with allegations against co-founder Granieri and trader Huang, while Jane Street denies all claims and seeks to dismiss the lawsuit.
- Potential Impact Analysis: Should the lawsuit proceed, it could expose how large trading firms manage private protocol information and liquidity shocks, particularly during significant cryptocurrency market collapses, which would have profound implications for industry transparency and compliance.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SCRT
Technical Sentiment Analysis for Secret (SCRT). As of , Secret (SCRT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SCRT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SCRT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Secret (SCRT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0392 | 0.0584 | 0.0735 | 0.0927 | 0.108 | 0.127 | 0.142 |
| Fibonacci | 0.0584 | 0.0715 | 0.0796 | 0.0927 | 0.106 | 0.114 | 0.127 |
About SCRT
About the author
