Category: Exchanges

NAGA Founder Ben Bilski Launches “AI-Native” Decentralized Exchange on Solana

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Ben Bilski, the Founder and former CEO of NAGA Group, has launched a new crypto trading platform called True Trading, which is now live in pre-launch. According to Bilski’s announcement on LinkedIn, the decentralized exchange incorporates a “trainable” artificial intelligence engine and is built on a Layer 2 protocol using the Solana blockchain. AI Functionality and Automation According to its official website, True Trading describes itself as an AI-native decentralized exchange. The platform features an integrated large language model designed to improve over time by analyzing user interactions, trades, and…

Crypto Exchanges Made $172M On Trump Memecoin: Report

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US President Donald Trump’s cryptocurrency venture, the Official Trump (TRUMP) memecoin, has generated multimillion-dollar gains for crypto exchanges, in addition to profits for its creators. Launched just about six months ago, the TRUMP memecoin has generated at least $172 million in trading fees for 10 crypto exchanges, including Binance, Coinbase, OKX and more, according to a Reuters report on Monday. In listing TRUMP, some exchanges reportedly disregarded the fact that 80% of the coin’s supply was held by the Trump family and its partners, an issue they’d previously seen as…

BlackRock’s Bitcoin ETF Blows Past $80,000,000,000, Faster Than Any Other Exchange-Traded Fund in History: Bloomberg Analyst

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Senior Bloomberg analyst Eric Balchunas says that BlackRock’s Bitcoin (BTC) exchange-traded fund has surpassed the $80 billion landmark faster than any ETF in history. In a new thread on the social media platform X, Balchunas says that the iShares Bitcoin Trust ETF (IBIT) is now worth $83 billion, the 21st largest ETF overall. “IBIT blew through the $80 billion mark [on Friday], fastest ETF to get there in 374 days, about 5x faster than the previous record, held by VOO, which did it in 1,814 days.” Source: Eric Balchunas/X Balchunas…

Crypto Hacker Who Drained $42,000,000 From GMX Goes White Hat, Returns Funds in Exchange for $5,000,000 Bounty

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A crypto hacker who stole tens of millions of dollars from the decentralized crypto perpetuals exchange GMX (GMX) is turning white hat by returning the stolen funds to collect a bounty. In a new thread on the social media platform X, GMX says the hacker who stole $42 million worth of crypto assets earlier this week from its Arbitrum (ARB)-based liquidity pool is returning the funds and collecting a $5 million reward. “A potential exploitable amount of $42 million belonging to GLP holders was secured. After payment of a $5…

Top US-Based Crypto Exchange by Trading Volume Coinbase Adds Support for DeFi Tokens SKY and USDS

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Two decentralized finance (DeFi) altcoins have abruptly gained support from the top US-based crypto exchange platform Coinbase. In a new announcement, Coinbase says it’s adding Sky (SKY), formerly known as MakerDAO, as well as its associated stablecoin USDS (USDS), to its suite of digital asset products. “Sky (SKY) and USDS (USDS) are now live on Coinbase.com and in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” News of the additions had little impact on the tokens, as…

Forex Volumes Surges 30% at World’s Biggest Exchange

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CME Group saw its international trading volumes jump to record levels during the second quarter, with foreign exchange (Forex) products showing particularly strong growth in Latin America. The Chicago-based derivatives exchange reported international average daily volume (ADV) of 9.2 million contracts in Q2, an 18% increase from the same period last year and last quarter. The figures exclude trading activity within the United States. Foreign exchange trading stood out in Latin America, where daily volumes surged 30% compared to 2024. The region’s FX products hit quarterly records, though CME didn’t…

Crypto Hackers Drain $42,000,000 From Decentralized Perps Exchange GMX, Sends Funds to Unknown Wallet: Report

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Blockchain security firm PeckShield says that bad actors stole tens of millions of dollars from the decentralized perpetuals exchange GMX (GMX). Posting on the social media platform X, PeckShield says that a hacker has exploited the crypto exchange to the tune of $42 million, sending $9 million of the stolen funds to the Ethereum (ETH) network from Arbitrum (ARB). “GMX has been exploited for ~$42 million. The exploiter has bridged ~$9.6 million worth of cryptos to Ethereum.” GMX confirmed the hack on its own X account, saying that its Arbitrum-based…

$26,501,817,432 in Bitcoin Gobbled Up by Public Companies and Exchange-Traded Funds in Q2 of 2025, According to Analyst

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Public companies and exchange-traded funds (ETFs) have acquired Bitcoin (BTC) worth tens of billions of dollars in just three months, according to the founder of The Kobeissi Letter, Adam Kobeissi. The macro analyst tells the 938,700 followers of The Kobeissi Letter on the social media platform X that the corporate demand for Bitcoin is “incredibly strong.” According to Kobeissi, public companies and ETFs acquired a combined 242,766 BTC in the quarter that ended on June 30th. “Public companies purchased 131,355 Bitcoins in Q2 2025, growing holdings by +18%, according to…

Crypto Exchanges Exposed to $1B in Huione-linked USDT outflows

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Major centralized exchanges (CEXs) have been exposed to nearly $1 billion in USDt transfers linked to wallets associated with Huione since its illicit marketplace was supposedly shut down, according to new data from Global Ledger. On May 1, the US Financial Crimes Enforcement Network (FinCEN) designated Huione as a primary money laundering concern under the PATRIOT Act. Since then, forensics experts have been divided on the extent of the platform’s shutdown. Global Ledger said it observed $10.13 billion in Tether USDt (USDT) transactions on Tron and $219 million on Ethereum…