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by wmf 2378 days ago
Yeah, this has been discussed extensively on HN. More recently, someone from Circle claims that it was just whales doing arbitrage: https://www.theblockcrypto.com/post/48857/former-head-of-cir... Hopefully the New York investigation will expose some facts that can prove or disprove this theory: https://davidgerard.co.uk/blockchain/2019/12/13/new-yorks-pr...