Jane Street accused of using Terra Telegram backchannel before UST crash
The private Telegram backchannel allegedly allowed Jane Street to unwind hundreds of millions in potential exposure “mere hours before” the Terra ecosystem’s $40 billion collapse....
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Peer-to-peer trading startup Variational raises $50 million for real-world perps in funding round led by Dragonfly
Variational, an onchain derivatives protocol, raised $50 million led by Dragonfly to expand perpetual futures on real-world assets like gold, oil, and copper. The Cayman Islands startup, which processed $200 billion in trading volume since 2025, aims to aggregate traditional and crypto liquidity for 100+ contracts with institutional-grade depth, positioning RWA perpetuals as DeFi's next major growth frontier.
Blockchain.com files with SEC for U.S. IPO
Blockchain.com confidentially filed for a U.S. IPO with the SEC, marking renewed institutional interest in crypto financial services. The exchange and wallet provider hasn't disclosed share counts or pricing yet. The filing arrives as crypto IPO momentum has cooled following weak market conditions and disappointing post-listing performances, with major firms like Kraken and Consensys pausing plans.
