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Project Overview
Wintermute is a crypto market maker focused on high-frequency algorithmic trading and market making services. It provides liquidity algorithmically across most cryptocurrency exchanges and trading platforms, as well as supports high profile blockchain projects and traditional financial institutions moving into crypto.
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A major whale purchased 4.5 million LDO tokens via OTC after Lido launched its buyback program, valued at approximately $1.86 million.
According to on-chain analyst Ember (@EmberCN), after Lido launched its $LDO buyback program, whales/institutions allegedly followed suit by purchasing 4.5 million $LDO (approximately $1.86 million) and 10,000 $AAVE (approximately $1.15 million) via OTC deals; the tokens originated from Wintermute and FalconX.
Wintermute Policy Lead: The Clarity Act Has Only a 30% Chance of Passing This Year
According to CoinDesk, Ron Hammond, Policy Lead at crypto market maker Wintermute, stated that the U.S. crypto market structure bill—the Clarity Act—continues to face multiple obstacles in its legislative process, with only about a 30% chance of passage this year. The bill aims to clarify the respective regulatory responsibilities of the SEC and CFTC over digital assets. However, current negotiations are progressing unevenly, and the timeline has been repeatedly delayed. Key resistance stems from traditional banking institutions—particularly over whether stablecoins should be permitted to generate yield—a point of serious disagreement. Related compromise proposals have repeatedly stalled. Moreover, internal divisions among Democrats, as well as issues concerning DeFi compliance and anti-money laundering (AML), further add uncertainty to the legislation. That said, Ron Hammond believes the bill still retains room for advancement; whether it can be enacted this year ultimately hinges on whether critical disagreements can be resolved.