marketmanipulation News & Analysis
3 articles
Market Mood
SEC urged to probe Trump Media's Truth API on August 1 launch
Senators Elizabeth Warren and Adam Schiff have requested the SEC investigate Trump Media & Technology Group (TMTG) for potentially selling faster access to President Trump's Truth Social posts, which could violate laws against insider trading. TMTG's share price has fallen about 80% since its March 2024 trading debut. The new Truth API service is set to launch on August 1, 2025, and may charge up to $100,000 a month, which could benefit high-frequency trading firms. This raises concerns about the potential for market manipulation affecting ordinary investors and the integrity of capital markets.
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Circle $73bn Stablecoin Legal Battle with Heka Funds Over Manipulation
Circle and Heka Funds are involved in ongoing legal disputes concerning allegations of market manipulation. Heka Funds is connected to Tether, which is notable in the stablecoin market valued at $73 billion. This litigation comes amid growing scrutiny within the cryptocurrency industry regarding trading practices. The outcome of this case may influence regulatory approaches and investor confidence in stablecoins, impacting firms like Circle.
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Deutsche Bank (DB) Denies Allegations of Training in Market Manipulation
Deutsche Bank (DB) has denied allegations from former trader James Vorley, who claims the bank trained him to engage in market manipulation. Vorley is pursuing a £12 million ($16.2 million) case in the High Court, alleging he was instructed to employ strategies that led to his conviction in a U.S. federal court for wire fraud, specifically related to spoofing in gold and silver futures. Deutsche Bank stated that Vorley received appropriate training and that any improper strategies shown were informal and not officially sanctioned. The lawsuit adds to Deutsche's legal challenges, including a separate £660 million claim from former senior investment bankers.
Read More: Deutsche Bank (DB) Denies Allegations of Training in Market Manipulation