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Mysterious trader bets millions right after latest BlackRock announcement
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 ... (full story)
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