Wintermute Founder Casts a Cold Eye on Crypto’s Direction

Wintermute founder Evgeny Gaevoy provided a blunt evaluation of crypto’s present situation on Wednesday, arguing that the trade has stalled on substance whilst hypothesis continues to dominate consideration. Gaevoy Criticizes Stablecoins, Perp Exchanges, and Token Design In a thread printed on X on Feb. 4, 2026, Gaevoy, CEO of market-making agency Wintermute, dismissed ongoing […]



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