OTC
Cryptocurrency Market Maker Wintermute Lost $160M in Hack
Cryptocurrency market maker Wintermute lost $160 million in a hack relating to its decentralized finance (DeFi) operation, but the company’s lending and OTC operations have not been affected. “The Hash” panel breaks down the details.

Crypto Trading Firm Wintermute Launches Zero-Fee OTC Platform
Wintermute Node will compete against other institutional trading platforms in a bid to expand the firm’s client base.

Crypto Exchange Blockchain.com Acquires Altonomy’s OTC Desk
Blockchain.com confirmed the deal to CoinDesk. It significantly expands the exchange’s crypto OTC network, especially in the altcoin space.

Bitcoin Price Rally Fueled by Whales’ $1.6B Buy, Blockchain Data Shows
But why the whales made their buys on an exchange instead of an over-the-counter desk remains unclear.

Huobi Appears to Have Suspended Mainland China for New User Registration
The move came after China announced tougher measures on crypto trading.

Huobi’s Tighter Derivatives Rules Leave Chinese Traders Scrambling for Alternatives
Binance may gain customers because of Huobi's new restrictions.

Beijing's Crypto Crackdown Is Not New but Don't Dismiss It
China’s reiterated crypto ban sharpens the focus on the financial sector.

$80M Deal Gone Wrong: Alameda Research, Reef Finance Spar Over Unloaded Tokens
A scuttled deal between Sam Bankman-Fried’s Alameda Research and DeFi upstart Reef Finance offers an inside look at the wild world of OTC trading.

At Least One Key Huobi Executive Is In Custody in China: Sources
The Chinese police appear to have intensified their crackdown on crypto exchanges’ OTC trading services in the last year.

On-Chain Data Suggests More Institutions Are Buying Bitcoin Over the Counter
On-chain data says that institutions have not stopped buying bitcoin.
