Category: Exchanges

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…

BlackRock’s Bitcoin Exchange-Traded Fund (IBIT) Just Two Spots Away From Being Firm’s Top Revenue-Generating ETF: Bloomberg Analyst

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BlackRock’s iShares Bitcoin Trust ETF (IBIT) is already generating substantial revenue for the world’s largest asset manager, despite being on the market for less than two years. In a new post on the social media platform X, Bloomberg analyst Eric Balchunas says that IBIT needs to grow its fund’s assets by less than $10 billion to rank as BlackRock’s top revenue-generating exchange-traded fund (ETF). “IBIT is now the third-highest revenue-generating ETF for BlackRock out of 1,197 funds, and is only $9 billion away from being #1. Just another insane stat…

Top US Crypto Exchange by Trading Volume Coinbase Adds Support for Leading Cross-Chain Messaging Protocol Wormhole (W)

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The top US crypto exchange platform by trading volume is abruptly adding support for Wormhole (W), causing the native asset of the cross-chain messaging project to rally briefly. In a new announcement, Coinbase Assets says it’s adding Wormhole, an interoperability project that allows communication between blockchains, to its suite of digital asset products. “Wormhole (W) is now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” News of the addition sent W flying,…

AEON Partners With Mesh to Unlock Crypto Payments From Major Exchanges and Wallets

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This content is provided by a sponsor. PRESS RELEASE. AEON, the next-generation crypto payment framework, has integrated Mesh, the first global crypto payments network, into its full suite of crypto payment solutions. This partnership allows users to seamlessly spend crypto directly from their exchange accounts and personal wallets across both online and offline merchants within […] Source

Peter Thiel and Billionaire Consortium To Launch New Bank Serving Cryptocurrency Startups: Report

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PayPal co-founder Peter Thiel and a handful of other tech billionaires are reportedly launching a new bank partially dedicated to serving crypto startups. According to a new report from Financial Times, Thiel and other investors – such as the CEO of military contracting company Anduril – to create a bank called Erebor, which references to popular fantasy series The Lord of the Rings. FT says the billionaires intend for the bank to serve crypto startups and take the place of Silicon Valley Bank (SVB), a crypto-friendly bank that ended up…

R0AR’s $1R0R Token Roars onto MEXC Exchange, Expanding DeFi Accessibility

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July 2nd, 2025 – Sheridan, Sheridan R0AR, a decentralized finance (DeFi) platform, has announced the listing of its native token, $1R0R, on the cryptocurrency exchange MEXC. This milestone marks a significant step in making $1R0R more accessible to traders worldwide, following its successful debut on BitMart just weeks ago. The $1R0R token, built on the Ethereum ERC-20 network, powers R0AR’s unified ecosystem, which includes the R0AR Wallet, R0ARchain (a high-speed, low-cost Ethereum Layer 2), and the upcoming AI-driven R0ARacle. This listing on MEXC, known for its high liquidity and user-friendly…