Tag: Exchange

Bitwise Asset Management to Launch New Aptos (APT) Staking ETP on Swiss Exchange

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Crypto asset manager Bitwise has announced the launch of an Aptos (APT) Staking exchange-traded product (ETP) (APTB) on the SIX Swiss Exchange. According to the press release, the ETP will represent the world’s first Aptos Staking ETP, aiming to enable both institutional and retail investors to engage with the Aptos smart contract platform. Says Bitwise CEO and co-founder Hunter Horsley, “For seven years, Bitwise has been a dedicated partner to investors working to understand and access the opportunities in the new crypto asset class. With the launch of Bitcoin and…

7th Largest Crypto Exchange Relaunches in The UK Market, Offering 150+ Tokens

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Humpy the Whale Cost Crypto Exchange FTX, Alameda Research $1 Billion in Losses, Lawsuit Alleges

According to the filing, in January 2021, Meerun began accumulating a position in BTMX, an illiquid token, eventually holding around half the supply, and helping drive up the price by over 10,000% in three months. He then allegedly exploited a flaw in FTX’s margin trading rules by using his stake as collateral to borrow tens of millions of dollars from the crypto exchange. Source

SIX to Buy London’s Aquis Exchange in a £207 Million Cash Deal

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Switzerland’s SIX has agreed to acquire London-based Aquis Exchange in a cash offer, valuing the deal at an enterprise value of £194 million. Announced today (Monday), the Swiss bourse will pay 727 pence per share in cash to Aquis shareholders, putting the total issued and to-be-issued share capital of the latter at about £207 million. The official announcement further detailed that the offer price provides Aquis shareholders a premium of about 120 percent over the closing price of its shares last Friday. A “Compelling Strategic Opportunity” According to SIX, the…

Solana Decentralized Exchange Altcoin Skyrockets by More Than 400% on Friday After New Exchange Listing

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A Solana (SOL)-based decentralized exchange (DEX) altcoin surged by more than 5x on Friday after South Korea’s largest crypto exchange rolled out trading support for the asset. Traders on the Seoul-based Upbit can now purchase and unload DRIFT, the native asset for the Drift Protocol, an open-source DEX that enables transparent and non-custodial trading. Explains the project’s whitepaper, “Drift was designed with a goal to be capital-efficient but also protective of your assets. We achieved that by setting up sophisticated cross-margined risk engine – a system of tools with an extensive…

Securities and Exchange Commission (SEC) Seeks to Dismiss Three of Crypto Exchange Kraken’s Defenses in U.S. Lawsuit

The SEC sued Kraken in November 2023 for operating a platform as an unregistered securities exchange, broker, dealer and clearing agency. The SEC said it believes that since at least September 2018, Kraken had made hundreds of millions of dollars unlawfully by facilitating the buying and selling of crypto asset securities. Kraken filed for the case to be dismissed, a motion that was rejected in August. Source

Crypto Friendly Securities and Exchange Commission (SEC) and Senate Banking Committee Expected Under Trump: Bernstein

The U.S. election result should improve regulatory clarity for digital assets, with the Securities and Exchange Commission (SEC) and Senate Banking Committee becoming more crypto friendly following Donald Trump’s victory in the presidential race and the Republican party securing control of the Senate, broker Bernstein said in a research report Thursday. Source

Binance Co-Founder Dispels Rumors That Crypto Exchange Asks for Tokens Prior to Listing

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Binance co-founder Yi He is pushing back against claims that her crypto trading platform asks for tokens in exchange for listing. Simon Dedic, the chief executive of the crypto investment firm Moonrock Capital, kicked off the argument when he said on the social media platform X last week that he’d recently talked with a “Tier 1 project that raised close to nine figures” and was trying to get listed on Binance. “After wasting over a year of due diligence with Binance, they finally received a listing offer. Binance asked for…

Crypto Exchange Kraken Announces Changes in Staffing Amid New CEO Appointment

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US-based crypto exchange Kraken is hinting at reducing its workforce amid plans to change how it innovates and rolls out products for its users.  In a statement, Kraken co-CEOs Arjun Sethi and Dave Ripley say the company is aiming to operate more efficiently to pursue its ambition of becoming the leading crypto exchange.  “To continue forging our path ahead and put Kraken in contention to become the largest crypto platform in the world, we need to be leaner and faster.” Kraken says it is making structural changes after falling into a…

CryptoQuant CEO Says Stablecoins Now Being Mostly Used for Purposes Other Than Exchange Trading

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The chief executive of digital asset insights firm CryptoQuant says stablecoins are witnessing increased adoption via use-case expansion. CryptoQuant’s Ki Young Ju tells his 368,500 followers on the social media platform X that the total market cap of stablecoins is exploding for reasons other than digital asset trading on exchanges. The on-chain analyst’s data shows that only about one in five stablecoins are being used to buy and sell crypto. “In September 2021, exchange stablecoin reserves exceeded $30 billion. From this point, I considered the stablecoin market to be sufficiently…