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Cryptocurrency market maker Wintermute Trading Ltd. is considering expanding its business to the United States, including opening an office in New York and offering new products on American soil. Wintermute is one of the largest liquidity providers in the digital asset market, with offices already established in London and Singapore. CEO Evgeny Gaevoy described the company's growth plans and "new focus on the US" during an interview at the Consensus conference in Hong Kong. Gaevoy stated that as part of their expansion plan, they intend to offer OTC products to U.S. customers and add about 5 to 10 people based on their existing team of 130 members. According to insiders, Wintermute recently raised funds in a financing round led by Tencent Holdings Limited. Both Tencent and Wintermute did not respond to requests for comment on this round of financing. The company previously completed a $20 million Series B funding round led by Lightspeed Ventures in January 2021, with participation from Pantera Capital and Hack VC among others. (Bloomberg)

The three major U.S. stock indices briefly turned lower during the session, but strong buying emerged at the close, resulting in a slight increase overall. The SP 500 index rose by 0.24%, hitting a new high during the session; Dow Jones Industrial Average increased by 0.02%; and Nasdaq Composite Index was up by 0.07%. Large tech stocks showed mixed performance with Tesla falling by 0.49% and Nvidia rising by 0.4%. Most chip stocks and AI concept stocks also saw an increase. In the cryptocurrency market, Bitcoin fell to its lowest level in nearly two weeks at $93,000 under pressure from U.S. stocks before rebounding slightly above $95,000. ETH experienced significant market attention due to bottomed-out market sentiment and fading meme heat, currently fluctuating around $2,700 USD . The LIBRA exit event exacerbated the depressed mood of the market; coupled with Bitcoin's sudden crash, altcoins were hit hard again with prices continuously reaching new lows. In terms of foreign exchange commodities, Trump once again imposed heavy tariffs which pushed up the dollar index by 0.3%; oil prices closed higher on Tuesday due to concerns over short-term supply interruption caused by an attack on a Russian oil pipeline . Tariff worries and tense Russia-Ukraine conflict negotiations triggered risk-averse buying , spot gold rose1 .2 %. On Tuesday , Trump reiterated that he would impose high tariffs on cars , semiconductors ,and pharmaceutical products,but his capricious tariff policy is gradually making markets immune . Compared to this,the market is more concerned about latest developments in Russia-Ukraine situation,hoping for early resolution of conflict.In addition,the Federal Reserve will release minutes from its January meeting on Wednesday,and markets are hoping it will provide insight into Fed's view on impact of global trade situation.