4 days left to apply R[3]sidency x Construct is looking for founders in crypto, fintech, AI, and robotics 8 teams, $300K each, 30+ mentors Take the weekend to get your application in Apply →

|￣￣￣￣￣￣￣￣￣￣￣￣￣|            We’re hiring |＿＿＿＿＿＿＿＿＿＿＿|                 \ (•◡•) /                   \     /                      ---                     |   | Open roles in London, NYC, Singapore, and more: Trading ╰ Algorithmic Trader ╰ Machine Learning Researcher ╰ Options Trader ╰ Prediction Markets Trader ╰ Quant Researcher (MFT Focus) ╰ Trading Analyst Business Development ╰ BD & Partnerships Director/Manager ╰ Insitutional BD Director/Manager Technology ╰ C++ Quant Developer ╰ C++ Quant Developer - Options ╰ C++ Trading Platform Developer ╰ Core Developer (Python) ╰ Infrastructure Support Engineer DeFi ╰ DeFi Algorithmic Trader ╰ DeFi Algorithmic Trading Internship ╰ Graduate DeFi Algorithmic Trader Product ╰ Product Engineering - Team Lead ╰ Product Manager

Green flags in a R[3]sidency x Construct application 🟢 You’re building agents that need to do more than answer: hold authority, transact, and be accountable when they’re wrong 🟢 You’re building the layer that lets robots earn 🟢 Your system runs the loop on its own, designing the experiment, running it, reading the result 🟢 You’re building the rails other machines will transact and trust each other on Checking any of these? Apply now →

We joined @fabric_vc and @SuperteamUK to answer questions we hear most from R[3]sidency x Construct applicants 💡 One tip: a recorded video pitch can fast-track you straight to the interview stage Applications close Sep 15 →

Armitage's first ecosystem vault with @pendle_fi is live on @Morpho USDC lends only against the PT markets Pendle approves, deepening the liquidity looping runs on and turning that demand into lender yield 🔐

Wintermute is expanding into traditional financial markets! Our founder and CEO @EvgenyGaevoy spoke to Bloomberg on what is coming next "There is a future where crypto takes over the world, and there is also a future where it's merging with TradFi one way or another"

Nine years of Wintermute’s arc in one episode From learning the trade at Optiver to going deep on DeFi early, our CEO @EvgenyGaevoy joins @Archive_Pod to talk through his background and how Wintermute grew since 2017 Plus his favorite strategy games Worth a listen ↓

Wintermute’s U.S. arm has registered as a broker-dealer, ushering the crypto-trading firm into regulated Wall Street and clearing a path for its expansion into traditional financial services

Who runs crypto now? Our 1H26 OTC report shows institutions now drive 72% of our spot flow, up from 59% a year earlier, and it's damping crypto's volatility @business on our data and findings ↓

The number of tokens that institutions trade has grown just 24% in two years Our CEO @EvgenyGaevoy shares with Bloomberg Crypto what institutions are buying, and why crypto is getting less volatile as they do 🔗 Read our OTC flow report 1H26:

If this is the thesis you're building against, we want to fund you R[3]sidency × Construct with @fabric_vc @solana @SuperteamUK @coinbase ‣ $300K ‣ 12 weeks ‣ Demo days in London and NYC Applications close Sep 15 Apply now →

How well do our co-founders know Wintermute after almost a decade? We sat @EvgenyGaevoy and @YoannTurpin1 down to look back on the journey, from where our name came from to what they'd tell their 2017 selves Here’s to 9 years, and the next 9 🥂

Having spent a lot of time in this space since we traded our first bilateral H100 forward last month, @jvb_xyz’s points are bang on. I agree the market is likely to stay largely OTC-driven in the near term. Here’s my 2c: > The cash-settled market remains heavily constrained by the lack of liquid venues for market makers to lay off residual risk. > As a result, trades only clear when both sides can be sourced directly (true or close to matched principal). > The core problem is a severe imbalance: notional looking for bids (sellers) is orders of magnitude larger than notional seeking offers, and almost no one is willing to warehouse meaningful size. > This is driven by a fundamental mismatch: financial players want to sell forward (especially to hedge GPU-collateralised loans and improve financing terms), while the natural longs still primarily need the physical compute itself. > Another constraint is tenor risk. The bulk of sizeable swap demand sits in the 3-5 year tenor. > Without a reputable, established CCP to manage margin (especially on the short side), desks have to commit balance sheet directly with the knowledge that if a counterparty fails to meet a margin call, they’ll be left short an illiquid compute contract (with an existing obligation the other side)… > The creation of listed futures (CME/ICE/Architect) will therefore help build the necessary plumbing and give the market a realistic shot at maturity.

Retail used to set the pace in crypto In the first half of 2026, institutions took over our OTC flow What that shift means for volatility, token selection, and derivatives, in our latest report built on Wintermute's proprietary OTC data ↓

The Truth Behind CLARITY's Delay with @RonwHammond Head of Policy at @Wintermute_t 00:00 Intro 01:25 Token Taxonomy Act Origin Story 04:48 Narratives Drive Politics Period 07:12 Ethics Provision The Real Blocker 09:44 White House Pushing Ethics Language 12:27 Democrat Votes Needed Right Now 15:00 Banks Lobbying Hard On Yield 19:05 Rural Banks Vs Investment Banks Split 22:06 Artificial Deadlines Hurt The Industry 25:11 Goldman Was Pro Clarity Since 2017

Retail used to set the pace in crypto In the first half of 2026, institutions took over our OTC flow What that shift means for volatility, token selection, and derivatives, in our latest report built on Wintermute's proprietary OTC data ↓