BEARISH 📉 : Jane Street faces lawsuit as Trump Media demands investigation

Jane Street, a major market-making firm, is facing scrutiny due to allegations linking it to crypto market disruptions.
The firm is involved in a federal lawsuit related to Terraform Labs' collapse. The lawsuit claims Jane Street used insider information to avoid $200 million in losses before the Terra/Luna ecosystem's collapse in May 2022. Jane Street denies these accusations.
Additional online claims suggest Jane Street manipulated [Bitcoin (BTC)](https://holder.io/coins/btc/) prices by employing an algorithm that triggered consistent sell-offs at 10 a.m., causing retail trader liquidations and allowing for repurchasing at lower prices.
Trump Media allegedly sent a letter to Congress demanding an investigation into Jane Street, Citadel, and others over "naked short selling," which involves selling shares without borrowing them, restricted under US law. However, no official confirmation or statements have been made regarding this claim.