Wall Street Trading Firm Accused of Manipulating XRP Amid TerraUSD Collapse

A new lawsuit against Wall Street firm Jane Street raises concerns about potential manipulation of XRP and Bitcoin. The firm is accused of insider trading linked to Terra's 2022 collapse. Critics argue that Jane Street's access to ETF plumbing and derivatives markets could give it an edge in crypto, allowing for timed selling pressure and forced liquidations. While the allegations have not been proven, the debate highlights the potential for large trading firms to influence crypto markets.