Wintermute extends trading infrastructure into prediction markets

Alex Mashinsky, ex-CEO of failed crypto lender Celsius, filed a motion to vacate his 12-year fraud sentence, claiming ineffective counsel and tainted evidence. He blamed FTX's Sam Bankman-Fried for destroying Celsius and manipulating CEL tokens. Mashinsky faces $48 million in forfeiture and $10 million in FTC settlements, marking another blow to Indian crypto investors who lost funds in Celsius.

As the CFTC issued landmark approvals for crypto perpetual futures contracts, it explained in a related advisory that round-the-clock activity isn't right for all....

The CFTC approved bitcoin perpetual futures on U.S. exchanges and granted Coinbase relief to route American traders into global crypto derivatives markets. Kalshi launched the first regulated BTCPERP contract while Coinbase can now access offshore liquidity pools. This unlocks roughly 80% of global crypto markets previously inaccessible to U.S. traders, marking significant regulatory progress for crypto domestication.