One of the biggest Market Makers is dumping its crypto holdingsđ
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A series of bad events in 4 parts đ
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âŠïž The CFTC started an investigation into Jump Trading subsidiary's activities.Â
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âŠïž Jump trading president resigns shortly after that
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âŠïž Jump trading started redeeming wstETH after that.
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âŠïž Since July 25, they redeemed and sold over 80,000 ETH.
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This caused an #ETH dump along with alts weakness.
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It seems like Jump trading is completely exiting the market.