Wintermute: Institutions drove a record 72% of H1 2026 spot OTC flow
The market maker says liquidity is concentrating in institution-favored tokens as long-tail activity weakens.
The market maker says liquidity is concentrating in institution-favored tokens as long-tail activity weakens.
The firm disclosed $218.4M of Bitcoin sales tied to preferred dividends and a $3.75B cash reserve to support payouts.
Only about $63M of XAUT and PAXG is posted on Aave v3 and Morpho despite $90.7B in Q1 spot volume.
The court action lands as founder Pavel Durov faces terrorism-related pressure in Russia and an ongoing French probe.
The firm reported $40B in crypto trading volume split between its app and Bitstamp after the June 2025 acquisition.
The National Bank of Hungary authorized CoinCash operator Tiwala Solutions on July 20, setting up a gradual service restart after a 2025 pause.
MSSE and MSOL track CoinDesk’s 4PM NY settlement-rate benchmarks and extend the bank’s crypto lineup beyond MSBT.
Liquidation-map levels at $64,700 and $65,800–$66,200 are now the near-term magnets traders are tracking.
A July 27 injunction blocks Aug. 1 enforcement while the court weighs CEA preemption for some event contracts.
The regulator stressed that supervised testing does not guarantee full registration or commercial launch.
The slump lands alongside tighter APAC enforcement, from India’s BitChat GitHub order to Thailand’s Bitkub disclosure case.
In Senate testimony, James argued the bill shifts oversight toward the CFTC and pushed tougher AML, surveillance, and liability rules.
The disclosure lands as ETH beats BTC on the week and the ETH/BTC ratio hits a three-month high, per chairman Tom Lee.
Short liquidations neared $250M in 24 hours as traders focused on $64.3K and $63.3K daily SMA support.
CoinEx’s Jeff Ko expects BTC to stay range-bound near $65,000 as PCE, GDP, mega-cap results and ETF flow mix steer liquidity.
WEMIX says unauthorized minting was converted into 724,198.27 USDC.e and moved cross-chain before swaps into ETH and USDT.
The agency also extended Kraken Derivatives Exchange’s dormant status after no trading since early 2025.
Upbit’s SHIB/KRW pair topped $62M in volume and printed a small premium as liquidations trailed the move.
Trading is slated to end Aug. 26, 2026, with full closure on Jan. 31, 2027 as withdrawals face added review delays.
The July 29 PoX-5 hardfork is still on schedule, but traders are focused on whether Binance completes required consensus changes.