ChainCatcher news, GSR co-CEO and co-founder Rich Rosenblum posted on social media that Bitcoin's market dominance has been rising this month, and BTC may continue to lead the next phase of the bull market.He also stated that this is the time he is most confident that altcoins will make a comeback. Moreover, they will return strongly.

According to ChainCatcher, citing sources familiar with the matter, cryptocurrency market maker Wintermute Trading is discussing a round of financing. The company plans to sell $100 million in shares, part of which will go to existing shareholders. Wintermute will also issue new shares, but the specific amount has not yet been determined.Sources added that negotiations are still ongoing, and details have not yet been finalized.

ChainCatcher message, Scopescan monitoring shows that the crypto market maker GSR has deposited 7.9 million SAND to Binance, approximately 5 million USD. GSR started accumulating SAND 3 weeks ago at an average cost of 0.477 USD.

ChainCatcher news, according to Blockworks, crypto market maker GSR has hired former JPMorgan executive Andreas Koukorinis as the new head of trading. It is reported that before becoming the global head of credit and electronic trading for JPMorgan's fixed income and commodities ETF, Koukorinis founded a sports betting startup, which then ventured into the cryptocurrency space. This startup caught the attention of Blockchain.com, which acquired the company in 2018.

ChainCatcher news, according to The Block, French cryptocurrency market maker Flowdesk has completed a $50 million Series B funding round, led by Cathay Innovation, with participation from Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, Ripple, and Bpifrance (the French state investment bank).Flowdesk co-founder and CEO Guilhem Chaumont stated in an interview that this is a pure equity financing round. According to insiders, the new funding round has increased Flowdesk's valuation from $100 million during the Series A round to over $250 million.

ChainCatcher news, according to official sources, the crypto market maker Wincent has launched a borrower pool on the uncollateralized lending DeFi protocol Clearpool.It is reported that Wincent is a leading cryptocurrency market maker with a daily trading volume exceeding 3 billion dollars and over 300,000 daily transactions.

ChainCatcher news, according to Bloomberg, the sharp decline in cryptocurrency prices has led to the bankruptcy of companies like the FTX trading platform, with a large number of token assets trapped on the collapsed trading platforms. Crypto market makers will strive to reduce risks in the future, stating that this shift will erode profits.Crypto market liquidity providers Auros, GSR Markets Ltd., and Wintermute Trading Ltd. emphasized that they will diversify trading across more trading platforms in the future. They will also not store digital assets directly on centralized trading platforms, using them as collateral to borrow coins and then transfer them back to the trading platforms, with collateral held by custodians or prime brokers. If the exchange collapses, the collateral will be held by the custodian or prime broker.Auros stated that for the entire market-making industry, using intermediaries will lead to a 20% to 30% decrease in profit margins compared to directly depositing on trading platforms and trading with leverage.

ChainCatcher news, according to CoinDesk citing sources, the stock and cryptocurrency trading platform Robinhood has stopped its partnership with cryptocurrency market maker Jump Trading. Since the fourth quarter of 2022, Robinhood's financial reports have not mentioned the Jump Trading affiliate handling its order flow; instead, public documents from the U.S. Securities and Exchange Commission (SEC) show that B2C2 is now handling most of Robinhood's cryptocurrency order flow.

ChainCatcher news, according to CoinDesk, London-based liquidity provider B2C2 has acquired the French market-making firm Woorton, a deal that allows B2C2 to obtain Woorton's regulatory licenses, enabling it to operate in the European Union.

ChainCatcher news, according to CoinDesk, based on Nansen data, crypto market maker Wintermute Trading has withdrawn a total of 8.05 million ARKM from Binance through 5 transactions, worth approximately 3.7 million USD. This has increased Wintermute's ARKM holdings by over 731%, making it the tenth largest holder of ARKM.

ChainCatcher news, dYdX has initiated a community vote on whether to introduce a market maker rebate program, aimed at incentivizing liquidity and reducing reliance on rewards. The proposed market maker rebate program consists of 5 tiers, categorized based on the percentage of their trading volume relative to the 30-day trading volume on dYdX, with fee rebates ranging from 0.0025% to 0.01%. The vote will end on February 22 at 09:34 Beijing time. (source link)

ChainCatcher news, cryptocurrency market maker Auros will restructure $18 million in debt on Maple Finance. As of December 20, Auros has approximately $18 million in outstanding loans, including 8,400 WETH (worth about $10.2 million at the time) in the M11 Credit - WETH pool and 7.5 million USDC in the M11 Credit Maple Pool USDC1.M11 states that Auros has repaid 55% of its outstanding debt, and an additional 40% of the debt will be reissued at an annualized interest rate of 8.64% over three weekly flags with a 90-day cycle, with a maximum term of 9 months. The remaining debt will be extended at a zero interest rate for a term of 90 days. (Source link)

According to ChainCatcher, citing informed sources from The Block, cryptocurrency market maker GSR has implemented further layoffs, affecting 5% to 10% of employees. Two of the sources indicated that the cut is closer to 5% rather than 10%. However, another informed source added that some employees have also voluntarily resigned due to reasons such as lower-than-expected bonuses in January.A GSR spokesperson stated that GSR's financial condition remains healthy, and as the digital asset landscape evolves, GSR will continue to adapt to market conditions, aiming to expand its leading position as a top financial services company in the crypto space. (source link)