Market maker giant Jane Street is again drawing intense attention in crypto 
markets, with experts claiming the firm’s “next target” may now be Ethereum 
(ETH). The speculation comes after reports that Jane Street made several major 
adjustments to its positions during the week, following months of scrutiny 
tied to alleged trading manipulation connected to Bitcoin (BTC). From Bitcoin 
Retreat To Ethereum Expansion Jane Street, one of Wall Street’s most active 
proprietary trading firms, reportedly reduced multiple Bitcoin-linked holdings 
in the first quarter (Q1) of the year, while meaningfully increasing its 
exposure to assets tied to Ethereum. Jane Street’s position in BlackRock’s 
iShares Bitcoin Trust (IBIT) fell by 71% quarter-over-quarter to about 5.9 
million shares, with a reported value near $225 million. Related Reading: 
Bitcoin And XRP Climb On CLARITY Act News—But Clear Path To Law Isn’t Done Yet 
The firm also cut its stake in Fidelity’s Wise Origin Bitcoin Fund (FBTC), 
where holdings fell approximately 60% to around 2 million shares, valued at 
nearly $115 million at quarter-end. The reduction also extended to Strategy 
(previously MicroStrategy). Jane Street’s Strategy holdings fell from about 
968,000 shares in Q4 2025 to roughly 210,000 shares by the end of Q1. The 
reported value declined from close to $146 million to around $27 million. But 
while the firm was dialing back Bitcoin exposure, it was simultaneously 
building its Ethereum footprint. Jane Street expanded its holdings in Ethereum 
ETFs, with positions in BlackRock’s iShares Ethereum Trust nearly doubling 
during the quarter. The firm also added substantially to Fidelity’s Ethereum 
fund. Combined additions across the two ETH products were estimated at 
approximately $82 million. Smaller Derivatives, Bigger Impact? The move is now 
being framed by analysts as a potential continuation of the same pattern some 
observers associate with Jane Street’s earlier Bitcoin-linked controversies. 
Analysts at Bull Theory suggested that the firm behind a “daily 10 AM Bitcoin 
dump,” the same firm that was reportedly sued for insider trading in the $40 
billion LUNA collapse, and the same firm with $567 million frozen by Indian 
regulators could now be targeting Ethereum. Their central argument is that ETH 
may be easier to move than BTC, primarily because of market structure and 
scale. Bull Theory pointed out that Bitcoin futures open interest stands at 
roughly $60 billion, while Ethereum’s is slightly more than half at about $34 
billion. Related Reading: Hyperliquid (HYPE) To $100? Expert Forecasts Major 
Rise Before Summer 2027 The thesis is that a smaller derivatives market can 
make it possible to influence price with a smaller amount of capital. They 
also emphasized relative market size, noting that ETH’s market cap is $273 
billion compared to BTC’s $1.6 trillion. Under their logic, the same amount of 
capital would create 6 times greater price impact in ETH. The analysts also 
argued that the Ethereum ETF market is still relatively early. They claimed 
that Bitcoin ETFs hold roughly 6.67% of all circulating BTC supply, while 
Ethereum ETF penetration is lower, meaning there may not yet be the same 
institutional “demand floor” to absorb coordinated selling. Their conclusion 
was pointed: they believe the rotation into Ethereum is not happening 
primarily because Jane Street is forecasting bullish fundamentals for ETH, but 
because Ethereum is “easier to move.” At the time of writing, ETH was trading 
at around $2,292, with almost no change from Wednesday&#8217;s price. Meanwhile, 
other assets such as Bitcoin and XRP saw gains of around 2% and 4% 
respectively during the same period. Featured image created with OpenArt, 
chart from TradingView.com

The Jane Street Agenda? Ethereum (ETH) Identified As Next Key Target By Experts

Goldman Sachs&#8217; AI integration could redefine operational efficiency, but 
regulatory challenges may impact its strategic leverage and investor 
confidence.
The post Goldman Sachs scales operations with AI, reducing hiring needs 
appeared first on Crypto Briefing.

Goldman Sachs scales operations with AI, reducing hiring needs

Eased US-Iran tensions may stabilize global oil markets, reducing geopolitical 
risk premiums and influencing future energy strategies.
The post US-Iran tensions ease, WTI crude oil price predictions fall for May 
2026 appeared first on Crypto Briefing.

US-Iran tensions ease, WTI crude oil price predictions fall for May 2026

The alliance will allow Coinpro, a crypto exchange owned by Grupo Salinas, to 
leverage Anchorage’s stablecoin services for its cross-border settlement 
operations. Grupo Salina’s Carlos Dias Afonso hinted at a deeper integration 
of stablecoin channels to benefit Grupo Elektra’s customers. Anchorage Digital 
And Grupo Salinas Partner On Stablecoin Implementation Stablecoins have become 
one of the […]

Mexican Giant Grupo Salinas Taps Anchorage Digital for Stablecoin Payments

Data shows the Bitcoin Coinbase Premium Gap has plunged into the red zone 
alongside the latest drop in the BTC spot price below the $80,000 level. 
Bitcoin Has Retraced Some Of Its Recent Price Recovery Bitcoin saw recovery 
surges above $82,000 on Sunday and Monday, but these spikes failed to set the 
tone for the week as BTC has since followed a downward trajectory. This 
decline observed an acceleration on Wednesday, with the cryptocurrency&#8217;s price 
even briefly sinking below $79,000. Related Reading: Dogecoin TD Sequential 
Flashes Sell Signal: Price Correction Ahead? Below is a chart that shows the 
price action that Bitcoin has experienced recently. As is visible in the 
graph, Bitcoin has made some recovery from its low, as its price is now 
floating around $79,600, but compared to the Sunday high, it remains down 
about 3.3%. Now, what was the cause behind the drop? The data of the Coinbase 
Premium Gap may provide some hints. BTC Coinbase Premium Gap Has Turned 
Negative Recently As pointed out by analyst Maartunn in an X post, the Bitcoin 
Coinbase Premium Gap has declined recently. This indicator measures the 
difference between the BTC spot price listed on Coinbase (USD pair) and that 
on Binance (USDT pair). When the value of the metric is positive, it means BTC 
is going for a higher rate on Coinbase than on Binance. Such a trend implies 
users of the former are applying a higher buying pressure (or lower selling 
pressure) than the latter&#8217;s traders. On the other hand, the indicator having a 
sub-zero value suggests Binance investors may be applying a higher buying 
pressure as BTC is trading at a higher price on the platform. Now, here is the 
chart shared by Maartunn that shows the recent trend in the Bitcoin Coinbase 
Premium Gap: As displayed in the above graph, the Bitcoin Coinbase Premium Gap 
has dipped into the red zone recently, indicating that the asset has been 
trading at a discount on Coinbase. These negative values in the metric have 
coincided with the cryptocurrency&#8217;s pullback, a potential sign that selling 
pressure on the platform may have a role to play in it. Bitcoin showing some 
correlation to the Coinbase Premium Gap isn&#8217;t a new development. In fact, it&#8217;s 
a pattern that has established itself in recent years. The reason behind it 
lies in the growing presence of the US-based institutional entities in the 
cryptocurrency sector, which happen to be the biggest users of Coinbase. 
Related Reading: Ethereum Open Interest Rises While Price Pulls Back: Short 
Squeeze Setup? Movements in the indicator can correspond to selling/buying 
behaviors of these massive investors, which is why the price tends to react to 
them. It now remains to be seen how the metric will develop in the coming days 
and whether the distribution from the American whales will ease off. Featured 
image from Dall-E, chart from TradingView.com

Bitcoin Falls Below $80,000: Coinbase Sellers To Blame?

Wispr AI&#8217;s rapid valuation surge highlights potential investor optimism but 
raises questions about sustainability and market fundamentals.
The post Wispr AI in talks to raise $260M at $2B valuation, led by Menlo 
Ventures appeared first on Crypto Briefing.

The Jane Street Agenda? Ethereum (ETH) Identified As Next Key Target By Experts

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