Indices provider GMCI’s MEME index includes top meme coins like SHIB, PEPE and DOGE, while the L2 index monitors leading blockchain scaling tokens like MATIC, IMX and OP.
Crypto OTC Volumes on Wintermute Soared 400% in 2023
Market maker says the uptick in over-the-counter trading was due to volumes moving off-exchange.
Wintermute Asia Processes Its First Options Block Trade Through CME Group
The market maker partnered with CME Group to meet the growing institutional investors’ interest in gaining exposure to digital assets.
‘You Can Do Nothing’: Crypto Trading Titans Are Yelling at Each Other on Elon Musk’s X
“I never thought that you could be THAT scared of us,” DWF’s Andrei Grachev posted on X. Wintermute’s Evgeny Gaevoy: “We are trembling in your presence.”
Trading Firms Deposit Millions in BTC, ETH and ARB to Exchanges as Crypto Sell-Off Intensifies
Crypto markets dropped sharply on Monday, with bitcoin’s price dipping below $25,000.
Yearn Finance Voters to Wintermute: Drop Dead
One of the biggest market makers in crypto is having trouble getting nearly free money out of Yearn Finance.
Wintermute, a Major Trader, Is a Key Player in Arkham’s Controversial Dox-to-Earn Platform
The liquidity provider just withdrew 8 million of Arkham’s ARKM token from Binance, increasing its position by 731%.
Despite Uproar, Crypto Bounties to Unmask Bad Actors Starts to Get Traction
Arkham customers are seeking to identify whomever was behind FTX and Wintermute’s huge hacks as well as an alleged meme-coin rug pull.
Redditor’s hacked Bitcoin is a lesson on the hidden dangers of paper wallets
“My Bitcoin was taken. How?” A Reddit user thought they were following best practices until two days ago when their Bitcoin wallet was completely cleaned out.
Celsius creditors allege Wintermute facilitated ‘wash trading’: Report
It was alleged that Celsius executives engaged Wintermute to conduct wash trading to “fraudulently” manipulate trading volumes on the Celsius platform.
Wintermute Backs DEX Vertex Protocol in Strategic Investment
The amount of the investment wasn’t disclosed, and Wintermute will provide liquidity services to the decentralized exchange.
Crypto.com Integrates With CoinRoutes Smart-Order Routing System
The integration is part of CoinRoutes’ bid to expand liquidity access for its clients.
Crypto Trading Firm Wintermute Plugs Into CoinRoutes Smart-Order Routing System
CoinRoutes won a patent in February for a “cryptocurrency smart-order router” designed to help trading firms reduce the costs of storing large reams of historical data.
MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%
MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to pay off to the bank by Q1 2025.
Crypto Startups Are Increasingly Postponing Token Launch as Alameda Research’s Contagion Effects Linger On
Data from CoinMarketCap shows a precipitous decline in applications for new token listings as liquidity dries up.
Wintermute inside job theory ‘not convincing enough’ — BlockSec
The theory is “not convincing enough to accuse the Wintermute project,” wrote BlockSec, as it highlighted that Wintermute’s actions during the hack made sense given the circumstances.
Cyber sleuth alleges $160M Wintermute hack was an inside job
James Edwards bases his accusations on what he feels are dubious transactions and smart contract code that doesn’t match the post-mortem analysis.
The impact of the Wintermute hack could have been worse than 3AC, Voyager and Celsius — Here is why
Market makers are the backbone of every crypto exchange, ICO, DApp and many token listings, which is exactly why investors shouldn’t shrug off Wintermute’s hack.
Will Tron Tie-Up With Liquidity Provider Wintermute Boost TRX Price?
Tron (TRX) has recently disclosed a collaboration with Wintermute to boost Tron’s DeFi ecosystem and more so, to enhance network accessibility and liquidity.
- TRX price up by 0.43%
- Tron spikes in terms of popularity and value amounting to $1.2 billion
- Network integration with Wintermute to improve liquidity, accessibility
Not that Tron needs it desperately as it has been outpacing its rivals but continuous pump and evolution is necessary to thrive in the crypto arena.
Overall, the partnership aims to make Wintermute as Tron’s official market maker to basically increase trading volumes and to link buyers and sellers.
According to CoinMarketCap, TRX price has surged by 0.43% or trading at $0.06157 as of press time.
Tron’s popularity has been booming, pumping up $1.2 billion in terms of value as seen since June despite others like Solana and Ethereum retreating significantly.
The #TRON network is thrilled about the union with @wintermute_t. #sTRONgerTogether
This will help in many ways:
Fill trades
Reduce volatility
Lessen the spread for trading pairsRead the full article by @decryptmedia https://t.co/tGi3nuQhaj pic.twitter.com/6wohBBzbMy
— TRON DAO (@trondao) September 13, 2022
Tron, Wintermute Integration To Impact TRX Price
Wintermute has announced previously to be a part of the Tron network’s DAO or Decentralized Autonomous Organization, enabling access to both redeem and mint USDD.
DAO has also recently beefed up the network with over $200 million worth of crypto to boost TRX, in accordance to the decision of Justin Sun, CEO and Founder of Tron, to deploy as much as $2 billion ensuring the optimized efficiency of USDD.
The merger is said to impact the value of TRX. In fact, TRX metrics has improved significantly as in the past 24 hours following the announcement of the Wintermute and Tron integration.
These recent activities surrounding Tron highly impact the improvement of its network, lifting investor sentiment.
The recent spike to TRX price proves that traders and investors are happy about the integration and recent developments in the network.
TRX Seen With A Bullish Pullback
TRX was seen to start the week with a bullish pullback signifying overall bearish sluggishness as the token failed to barrel past the 50% RSI mark.
TRX was seen to retrace early this week which also triggered a retest of the key support zone at $0.065. Further, selling pressure has dwindled down at the set price zone due the flip in investor sentiment.
While there is a possibility of a short-term uptrend, this will not be guaranteed.
TRX, created in 2017 is dubbed to be one of the pioneering cryptocurrencies that is based originally in the Ethereum network and then shifted to its own network the following year.
Being one of the oldest cryptocurrencies to date, it has greatly improved in terms of stability and while it is moving a little slow, TRX is taking more calculated and steady traction.
TRX total market cap at $5.6 billion on the one-day chart | Source: TradingView.com
Featured image from The Daily Hodl, Chart: TradingView.com
Optimism loses 20M tokens after L1 and L2 confusion exploited
Although the airdrop took place less than two weeks ago, problems have already arisen for the vaunted layer-2 scaling solution’s team and market maker.