Wintermute Ventures Enters Prediction Market, Providing Bilateral Liquidity to Mainstream Platforms
May 29 — Leading market maker Wintermute is entering the prediction market space, rolling out two-way liquidity (bid-ask pricing) for event contracts on major prediction market platforms. The firm confirmed it’s currently providing both buy and sell quotes for active event contracts. Monthly trading volume across related platforms has topped $20 billion, while Polymarket and Kalshi have combined for over $150 billion in cumulative historical trading volume as of April 2026.
Jake Ostrovskis, Wintermute’s head of OTC trading, noted the prediction market is displaying demand patterns on par with large asset classes, though its liquidity remains in the early stages. “Sustained two-way liquidity will help narrow bid-ask spreads, accommodate larger-scale trades, and boost the quality of probability signals reflected in market prices,” Ostrovskis said. The move follows prior entries into the space by peers including Jump Trading and Galaxy Digital, which previously launched prediction market
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In the case of the large oil tanker affected by the Iran conflict, a quarter of them has successfully sailed out of the strait
May 29 — Amid the outbreak of hostilities in Iran, roughly a quarter of non-Iranian large oil tankers initially stranded in the Persian Gulf when the conflict began have gradually managed to break free via slow, covert maneuvers and successfully departed the area. Per shipping data compiled by Bloomberg, a total of 109 large vessels (defined as those with a carrying capacity of 700,000 barrels or more) became trapped after fighting erupted on February 28, when the Strait of Hormuz was effectively closed. As of press time, 29 of these vessels have safely transited this strategic chokepoint.
While the cargo released so far accounts for only a tiny fraction of the total crude oil and refined products still stranded in the Gulf, against the backdrop of a rapidly shrinking global market inventory buffer, this cargo was immediately snapped up by the market upon hitting the market. Additionally, as many vessels have disabled their Automatic Identification System (AIS) to avoid risks, the act
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Google's TPU Could See Record-Breaking Order, Private Equity Giant Gearing Up for Massive Chip Financing for Anthropic
May 29 — Recent reports show leading private equity giants Apollo Global Management and Blackstone Group are bringing additional investors on board for an approximately $36 billion debt financing deal to help AI firm Anthropic build out its artificial intelligence infrastructure. Sources with direct knowledge of the matter revealed that this debt will be used to purchase Google’s custom Tensor Processing Unit (TPU) chips, which Anthropic will then lease. Broadcom, which assisted Google in developing the chips, will provide guarantees for most of the transaction. The move is projected to be one of the largest private credit deals in history, and could also mark the largest chip-focused financing transaction to date. The structure leverages Broadcom’s credit rating to deliver critical computing power support to Anthropic. (Jinse)
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The CFTC Announces Approval of Kalshi to Launch Bitcoin Perpetual Contract
On May 29, the U.S. Commodity Futures Trading Commission (CFTC) announced it has given the green light to KalshiEX’s BTCPERP contract. This product is a perpetual futures contract linked to the Bitcoin spot price, categorized as a standard futures contract. Kalshi filed its application with the CFTC that same day, in full compliance with applicable regulatory rules.
After completing its review, the CFTC confirmed the BTCPERP contract adheres to the Commodity Exchange Act and all relevant regulatory requirements—including core principles for Designated Contract Markets (DCMs). Regulators also noted that perpetual contracts are not a fit for every asset class, and encouraged market participants to reach out to regulatory agencies when considering perpetual contract products for other assets, while emphasizing the need to submit formal applications to list such offerings through the official approval process.
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Anthony Pompliano: Continued Dollar Devaluation Could Drive Bitcoin to $1 Million
On May 29, per Forbes, Anthony Pompliano—cryptocurrency entrepreneur and CEO of Bitcoin treasury firm ProCap—said the U.S. government won’t stop printing money, and the dollar’s ongoing devaluation could eventually push Bitcoin’s price to $1 million. Pompliano told CNBC, “Bitcoin has no top because the U.S. dollar has no bottom.” He explained that U.S. government spending keeps expanding, and even though the Trump administration tried to cut fiscal spending, the country’s national debt is now nearly $40 trillion.
Data shows the Federal Reserve’s balance sheet has swelled to around $6.3 trillion over the past year, while the M2 money supply has climbed to a record high of roughly $22.7 trillion. Pompliano noted that amid this ongoing government money printing, non-productive assets like gold and Bitcoin have continued to outperform the stock market. When it comes to when Bitcoin will hit $1 million, however, Pompliano said: “Predicting the price is straightforward—pinpointing the exact
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