Category: Exchanges

How Iran’s biggest crypto exchange stays off the OFAC blacklist

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Iran’s internet formally remained part of global routing, but user activity fell almost to zero. That points to a managed restriction on citizens’ access to the external network. Source: IODA. But in that digital darkness, one vital financial service continued to operate without interruption: Nobitex, a cryptocurrency exchange linked to Iran’s ruling elite. We compiled the available information about the platform and tried to understand how Iranian authorities use it, what investigations by analytics firms have revealed, and why, despite all these findings, the exchange is still not on OFAC’s…

Coinbase Exchange Experiences “Degraded Performance” for Over Two Hours After AWS Outage

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Key Takeaways Coinbase’s exchange suffered a 2+ hour outage on May 8, due to an AWS infrastructure failure. Some Coinbase users could not trade or faced degraded performance during the AWS disruption. Coinbase confirmed it is investigating the issue; no resolution timeline has been shared publicly. Major Disruption Affects Withdrawals, Trades Coinbase, one of the world’s largest cryptocurrency exchanges by trading volume, experienced a significant service disruption Friday morning after an outage at Amazon Web Services (AWS), the cloud infrastructure provider underpinning the platform, knocked out trading access for a…

Bitcoin Exchange Reserves See $8B Outflow: Will BTC Rally Higher?

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Bitcoin (BTC) reserves on major crypto exchanges have dropped to their lowest level since 2023, with nearly 100,000 BTC withdrawn from Binance, OKX and Gemini in less than three months. The outflows coincided with stronger demand from accumulator addresses, as the cohorts’ holdings have increased by 60.5% over the past two weeks.  Bitcoin exchange reserves fall to two-year low Crypto analyst Amr Taha noted that Bitcoin reserves on Binance, OKX and Gemini have declined sharply since February. Binance recorded the largest drawdown, with reserves dropping to nearly 620,000 BTC on…

BTCC Exchange and AFA Launch a Trading Championship with a Million-USDT Prize Pool and a Messi-Signed Jersey

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May 7th, 2026 – Lodz, Poland BTCC, the world’s longest-running cryptocurrency exchange, today announced the launch of the BTCC x AFA Trading Championship, a futures trading competition running from May 6 to May 26, 2026. The campaign features a prize pool of over one million USDT, with the ultimate reward reserved for the No. 1-ranked trader: a jersey signed by Lionel Messi, captain of the Argentine National Football Team. The competition is open to all registered users. Traders compete on two separate leaderboards: a Futures Trading Volume Leaderboard, where the…

Morgan Stanley Emerges as Crypto Exchange Rival via Crypto Pilot

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Morgan Stanley has rolled out a cryptocurrency trading pilot on its E*Trade platform, charging lower basic retail fees than some of the largest US crypto and brokerage platforms. The Wall Street bank is charging clients 50 basis points on the dollar value of each crypto transaction, undercutting Coinbase, Robinhood and Charles Schwab on standard retail pricing, according to a Tuesday Bloomberg report. The offering is currently in pilot mode, with E*Trade’s 8.6 million clients expected to gain access later this year, Bloomberg reported. The pilot illustrates how major Wall Street…

Traders Push MEGA to $200M Market Cap as MegaETH Lists on 13 Exchanges at Once

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Key Takeaways: MegaETH’s MEGA token began trading on April 30, 2026, on Binance, Coinbase, and 11 other major exchanges at 11:00 UTC. MEGA opened near $0.183 with an FDV of $1.82 billion and $78M-plus in 24-hour volume on launch day. Only 11.3% of MEGA’s 10 billion supply circulates at launch, with unlock events scheduled at 6 and 12 months. MEGA Token Launches April 30 The Token Generation Event (TGE) marked the first time traders could access MEGA onchain via MegaETH’s mainnet DEX, with centralized exchange trading following one hour later…

EU Sanctions Target Russian Crypto Exchanges, CBDC, Stablecoins

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The European Commission announced a package of crypto-related sanctions against Russia in response to the country’s military actions against Ukraine. In a Thursday notice, the commission said the sanctions targeted Russia’s energy and financial sectors, including a “total sectorial ban on carrying out exchanges with any Russian crypto asset service provider as well as any decentralised platforms enabling crypto trading” that could be used to circumvent the measures. The EC, composed of 27 member states in the European Union, also prohibited the use of stablecoins pegged to the Russian ruble…

Polish Crypto Exchange Zondacrypto CEO Flees to Israel as $97M Fraud Probe Deepens

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Key Takeaways: Polish prosecutors launched a fraud investigation into Zondacrypto, identifying losses of at least 350 million PLN ($97M) affecting up to 30,000 users. CEO Przemysław Kral is reportedly in Israel, where his citizenship may prevent extradition as Israel does not extradite its own citizens. Kral’s last public communication confirmed 4,500 BTC in an inaccessible cold wallet before he went silent. A $97M Black Hole and a CEO Out of Reach Zondacrypto was among Poland’s largest cryptocurrency exchanges before a sequence of disclosures revealed deep reserve and governance problems at…

XRP Eyes 30% Gains as Exchange Outflows Hit 35M Tokens in a Day

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XRP (XRP) has rallied more than 30% in the last three months, and fresh technical and on-chain signals suggest the XRP/USD pair may have more upside ahead. XRP/USD daily chart. Source: TradingView Key takeaways: Exchange outflows, positive whale flows and strong ETF demand raise XRP’s bullish outlook. A wedge setup sees the price rising roughly 30% by June. Nearly 35 million XRP in exchange outflows boost upside case As of Saturday, XRP Ledger (XRPL) had recorded nearly 35 million XRP in exchange outflows in the last 24 hours, logging its…

Singapore Police and Crypto Exchanges Launch Joint Operation Against Scam-Linked Accounts

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Key Takeaways: Singapore Police Force expanded crypto crackdown on scam-related crypto activity. Coinbase, Gemini, Upbit, and Coinhako among the firms that backed enforcement action. Chainalysis and TRM Labs tools helped detect victims and reduce scam losses. Singapore Crypto Crackdown Targets Scam-Linked Accounts Singapore authorities escalated their push against crypto-linked crime after a coordinated enforcement action involving police and cryptocurrency exchanges. The operation underscored deeper cooperation between law enforcement and digital asset platforms as officials move to disrupt scam-related digital asset flows and cybercrime risks. The Singapore Police Force (SPF) said…