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Techub News reports, according to DL News, AI cloud infrastructure service provider CoreWeave has entered into a deep cooperation agreement worth $60 billion with Jane Street. CoreWeave will leverage its high-performance GPU computing resources distributed across multiple data centers to provide AI cloud computing support for Jane Street's high-frequency trading algorithms and complex research operations. In addition to the business cooperation, Jane Street has further increased its stake by subscribing to $1 billion worth of CoreWeave Class A common shares. The equity transaction price for this share purchase is set at $109 per share, representing a discount of approximately 7% compared to CoreWeave's recent closing price. Upon completion of this stake increase, Jane Street's total shareholding value in CoreWeave will reach approximately $1.44 billion, making it the company's fifth-largest shareholder. This agreement marks the third major deal secured by CoreWeave within a week. Previously, the company had just signed a multi-year computing power supply agreement with Anthropic and reached a cooperation expansion worth $21 billion with Meta.
Techub News reported, according to The Wall Street Journal, the bankruptcy administrator of Terraform Labs sued Jane Street in a New York federal court, accusing it of using non-public information provided by Terra insiders to conduct front-running trades and profit during the collapse of Terra. The lawsuit shows that Jane Street established a secret channel with Terraform Labs internal employees through former intern Bryce Pratt to obtain confidential information, and within 10 minutes after Terraform Labs withdrew 150 million TerraUSD from the Curve pool on May 7, 2022, it preemptively withdrew 85 million TerraUSD for front-running trades.
Techub News reported, according to AMBCrypto, that after a lawsuit against Terraform alleged suspicious trading activities, cryptocurrency traders blamed the daily 10 a.m. Bitcoin decline on Jane Street. However, analysts noted that this timing aligns with a broader repricing of risk.
Techub News reports, according to BitcoinTreasuries.NET monitoring, quantitative trading firm Jane Street disclosed an increase in holdings of 785,224 shares of Strategy stock, currently holding a total of 951,187 shares, valued at approximately $121 million.
Techub News reports, according to quiverquant data, financial giant Jane Street increased its holdings by 7,105,206 shares of IBIT in Q4 last year, valued at $276 million. The company currently holds 20,315,780 shares of IBIT, valued at $790 million. Additionally, BlackRock and Morgan Stanley increased their holdings by over 2.37 million shares of IBIT in Q4 last year.
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