Onramp Bitcoin Media Jane Street's Secret Plot to Kill Bitcoin
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Feb 27, 2026 A lively breakdown of the Jane Street/Terra lawsuit and what it reveals about algorithmic stablecoins. A debate on whether bitcoin price moves are organic or engineered. A deep dive into privacy risks from data leaks and LLM de-anonymization. A look at how AI agents, microtransactions, and custody design could reshape bitcoin’s role in finance.
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Alleged Jane Street Role In Terra Crash
- The Jane Street/Terra lawsuit alleges rapid insider-driven UST withdrawals and $85M sales that may have crashed UST and contributed to Terra collapse.
- Liam explains a former Terraform employee joining Jane Street and near-simultaneous Curve withdrawals as the core suspicious sequence.
Inorganic Price Action And Manipulation Risk
- Market moves feel inorganic; manipulation is plausible given low float, skilled trading desks, and recurring intraday sell patterns.
- Michael and Jackson cite historic analogies (gold, Tether era) and big players' ability to exploit limited liquidity.
AI Agents Will Drive Stablecoin Then Bitcoin Adoption
- AI agents plus stablecoins will create native internet money rails for microtransactions, favoring programmable wallets over credit cards.
- Liam and Michael argue agents will pay per API call with stablecoins, then migrate users to permissionless BTC rails.