Tag: Exchange

Crypto Exchange Gemini Reveals $113,462,000 Operating Loss in Public IPO Filing

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Crypto exchange Gemini has filed for a public listing, revealing the company’s balance sheet along with its deep losses. According to an S-1 filing submitted to the Securities and Exchange Commission (SEC), Gemini posted an operating loss of nearly $113.5 million in the first half of 2025. The red ink follows an $84.8 million operating loss in the same period last year. The filing also shows that rising costs in key areas are weighing heavily on the firm. Salaries and compensation amounted to $71.1 million, while technology expenses totaled $34.5…

Bitcoin Under Pressure? Rising Exchange Inflows Signal Potential Supply Build-Up

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Bitcoin remains under the $120,000 price mark following a pullback triggered by remarks from the US Treasury that the federal government will not be purchasing the cryptocurrency. At the time of writing, BTC is valued at approximately $118,612, representing a 4.1% decline from its record high above $124,000 reached earlier this week. The market seems to be currently assessing whether this consolidation phase will lead to renewed upward momentum or extend the correction. Recent blockchain data has brought attention to activity on Binance, the world’s largest cryptocurrency exchange by trading…

$48,930,711 in Crypto Assets Looted in Massive Exchange Hack As Stolen Haul Converted to Ethereum: On-Chain Data

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New data from the cybersecurity firm PeckShield reveals that tens of millions of dollars worth of digital assets were stolen from the crypto exchange BtcTurk. In a new post on X, PeckShield says that the Turkish crypto exchange platform BtcTurk has been exploited to the tune of $49 million worth of crypto assets, $38.6 million of which was Ethereum (ETH), the second-largest cryptocurrency by market cap. Other notable digital assets stolen include $4.3 million worth of layer-1 blockchain Avalanche (AVAX), $1.9 million worth of the layer-2 scaling solutions Arbitrum (ARB),…

ETH Supply Squeeze Imminent As Exchange Supply Falls

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Key takeaways: Ether’s bull flag confirmation on the daily chart targets 34% gains to $6,100. The percent of ETH supply held on exchanges has dropped to 12% for the first time since 2016. Depleting ETH supply on exchanges points to a “supply squeeze” and long-term accumulation. Ether (ETH) price registered a multi-year high of $4,792 on Thursday after a 45% rise from its Aug. 3 low at $3,354. The price is now consolidating below its $4,867 all-time high after validating a classic bullish continuation pattern. Can Ether’s price rise 34%…

Dunamu and MB Bank to Launch Vietnam’s First Licensed Crypto Exchange

South Korea’s Dunamu, operator of Upbit, is partnering with Vietnam’s state-controlled MB Bank to launch the country’s first licensed crypto exchange. The move follows new legislation legalizing digital assets in Vietnam. Vietnam Set to Open First Domestic Crypto Exchange with Dunamu–MB Bank Deal Vietnam is preparing to debut its first domestic cryptocurrency exchange through a […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Turkish Crypto Exchange Confirms Security Incident, Assures Users Funds Are Safe

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Turkish crypto exchange Btc Turk has temporarily halted cryptocurrency deposit and withdrawal services after detecting suspicious activity in its hot wallets. User Assets Remain Secure Leading Turkish cryptocurrency exchange Btc Turk has announced a temporary suspension of crypto deposit and withdrawal services after detecting unusual activity in its hot wallets during routine security checks. The […] Source

Amsterdam’s Market Maker Optiver Joins London Metal Exchange

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Executive Interview with Kathy Lian from BKTraders | iFX EXPO International 2025 Executive Interview with Kathy Lian from BKTraders | iFX EXPO International 2025 Executive Interview with Kathy Lian from BKTraders | iFX EXPO International 2025 Executive Interview with Kathy Lian from BKTraders | iFX EXPO International 2025 Executive Interview with Kathy Lian from BKTraders | iFX EXPO International 2025 Executive Interview with Kathy Lian from BKTraders | iFX EXPO International 2025 Jeff Patterson of Finance Magnates interviews Kathy Lian, co-founder of BKTraders, at iFX EXPO International 2025. They discuss…

US Treasury’s OFAC Sanctions Crypto Exchange Garantex for Second Time

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The US Treasury’s Office of Foreign Assets Control (OFAC) has redesignated cryptocurrency exchange Garantex Europe to its list of sanctioned entities. In a Thursday notice, OFAC said it had redesignated Garantex as well as sanctioned its “successor,” Grinex, three Garantex executives and six Russia- and Kyrgyz Republic-based companies for allegedly facilitating illicit transactions. According to the government agency, the Garantex exchange processed more than $100 million tied to illicit activities since 2019. “Digital assets play a crucial role in global innovation and economic development, and the United States will not…

Crypto Exchange Coinbase Officially Closes $2.9 Billion Deribit Deal

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Crypto exchange Coinbase closed the acquisition of Deribit, the world’s largest crypto options trading platform by volume, adding to its portfolio of digital asset businesses. Trading volumes on Deribit topped $1 trillion in 2024, and the platform has a “loyal base” of institutional and sophisticated traders, Coinbase said on Thursday. Coinbase agreed to acquire Deribit for $2.9 billion in May as part of its international expansion strategy. The exchange continues to branch out and serve different segments within crypto, and offers a perpetual futures platform, a prime brokerage, a spot…