Let me make a shocking statement: Jane Street's move is practically the crypto version of "being both referee and player" while also opening a casino. 1. Maximum IBET position = Referee 2. Selling off at 10 AM every day = Market maker 3. Not disclosing derivatives positions = cheating The $40 billion LUNA massacre and the 2022 crypto winter—it turns out they were on the fifth level while we were on the first. The most outrageous thing is that the ETF position of $790 million looks like a long, but it may actually be a short. The publicly available 13F filing is just a photo; the other half of the position is nowhere to be seen. A 21M BTC cap? People are using derivatives to create unlimited "air BTC" to dump the market and still make a fortune. The funny thing is, the SEC and India have already fined them, so a mere short charge is nothing. 🫡