AI芯片初创公司Etched完成3亿美元C轮融资，估值升至103亿美元
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Terraform liquidators allege that Jane Street used insider information obtained through a private Telegram group to prematurely sell and short UST.
According to newly declassified court Odaily, Wall Street quantitative trading giant Jane Street is accused of obtaining non-public internal information from Terraform Labs through a private Telegram group called "Bryce's Secret" before the Terra crash in 2022. She allegedly sold approximately $192 million worth of UST in advance and simultaneously established short positions, profiting approximately $134 million during the collapse of the approximately $40 billion Terra ecosystem. The lawsuit alleges that on May 7, 2022, just nine minutes after Terraform withdrew $150 million in liquidity from the Curve pool, Jane Street sold approximately $85 million worth of UST on Curve. The wallet in question was subsequently suspected of being a key address that caused UST to de-peg. Jane Street denies the allegations, calling the lawsuit "baseless" and stating that she will actively defend herself. The lawsuit also names co-founder Robert Granieri and trader Michael Huang, accusing them of violating federal securities laws and the Commodity Exchange Act. (CoinDesk)
Jane Street plans to build a new data center to address the growing scarcity of computing power.
PANews reported on June 5th, citing Bloomberg, that high-frequency trading giant Jane Street plans to build its own data center to meet its expanding operational needs as computing resources become increasingly scarce. The company is in preliminary talks with several companies in the technology, crypto, and financial industries; the specific capacity and location of the new facility have not yet been determined. Jane Street currently obtains computing power through its Dallas data center and cloud service providers such as CoreWeave. Jane Street seeks to increase its computing capacity tenfold, currently running tens of thousands of GPUs and soon to hundreds of thousands. The new facility can be used to train internal AI models to predict asset prices. The company's co-head of technology stated that innovation and experimentation are limited by available computing power. Jane Street is seeking additional computing power to support longer-term, riskier position trading.
Fintech company Mercury has raised $200 million in funding, with participation from a16z and Sequoia Capital, among others.
Mars Finance reports that fintech company Mercury has announced the completion of a new $200 million funding round, led by TCV, with participation from Sequoia Capital, Andreessen Horowitz (a16z), and Coatue Management. Mercury primarily provides banking services to startups, currently serving over 300,000 clients and generating approximately $650 million in annualized revenue. The company stated that the recent AI startup boom has significantly boosted demand for new company registrations and account openings, becoming a key driver of its growth. Simultaneously, Mercury also announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to apply for a federal banking license to expand its lending and payment network (such as Zelle) access capabilities and reduce reliance on partner banks. The company's founder stated that the future goal remains an independent IPO rather than acquisition.
SpaceX IPO quiet period ends, Wall Street institutions scramble to upgrade ratings
According to Odaily Odaily, with the end of the 25-day quiet period following SpaceX's (SPCX) June IPO, Wall Street analysts have begun releasing formal research reports, with several major brokerages giving it a positive rating, indicating that institutional investors remain optimistic about the company's long-term growth potential. As underwriters for the IPO, Goldman Sachs and Morgan Stanley both gave SpaceX a buy-equivalent rating. Goldman Sachs analyst Eric Sheridan set a target price of $205, while Morgan Stanley analyst Adam Jonas gave a target price of $300. In addition, Bank of America, Citigroup, Deutsche Bank, JPMorgan Chase, UBS, and other institutions also initiated coverage, giving buy or equivalent ratings. Raymond James Financial gave the most optimistic forecast, with analyst Brian Gesuale initiating coverage of SpaceX with a "Strong Buy" rating and a target price as high as $800, believing that SpaceX will become "one of the most representative industrial infrastructure companies of the 21st century." Analysts believe that the market's optimism about SpaceX is mainly based on its strategic layout in areas such as rocket launches, Starlink satellite internet, and government contracts. At the same time, the company's communications business can provide a continuous source of revenue and support future expansion of launch scale. As of March 31, 2026, SpaceX held 18,712 bitcoins. Wall Street believes that the concentrated coverage following the IPO quiet period provided a window for institutional investors to systematically assess SpaceX's valuation for the first time, and the fact that almost all major institutions simultaneously gave positive ratings is rare for large IPOs. (CoinDesk)
Fox Business Crypto Reporter: Wall Street Has Not Withdrawn Due to the Crypto Bear Market; Clarity-Related Discussions Continue to Advance
According to an article published on the X platform by a Fox Business crypto Odaily, Wall Street is looking beyond the bear market, law enforcement groups continue to hold talks on Clarity, and Trump's crypto gains have drawn criticism from Senate Democrats.
Serenity angrily criticizes Wall Street brokerage Bernstein: His views may not align with those of retail investors and reflect more of his own stance.
Odaily Odaily reports that Serenity, the "white-haired stock guru," published an article on the X platform criticizing Wall Street brokerage Bernstein, stating that Bernstein's bearish view on Kioxia and prediction that its stock price could fall by 50% is "very unreliable." The article points out that Bernstein previously gave Intel a target price of only $36 in January of this year, while Intel's stock price has now risen to around $118, indicating a significant deviation in their assessment. Serenity added that investors should be wary of institutional research reports aimed at retail investors, stating that such reports are not necessarily intended to help ordinary investors make the right decisions, but may reflect more the institution's own position and the interplay of market expectations.