Mysterious trader bets millions right after latest BlackRock announcement
From thestreet.com
Wall Street's embrace of crypto just accelerated this week, and one trader appears to have capitalized within minutes. BlackRock (NYSE: BLK), the world’s largest asset manager, revealed on Feb. 11 that it will bring its U.S. Treasury-backed digital token BUIDL onto Uniswap, a leading decentralized finance (DeFi) platform. Right after the announcement, a mysterious trader opened a 10 times leveraged long position on Uniswap's native tokens and now sits on a hefty unrealized profit. The move marks BlackRock's first direct use of DeFi trading infrastructure for one of its tokenized fund products. BUIDL, launched in ...
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