Tag: Exchange

Bitcoin exchange reserves hit an all-time low

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Bitcoin’s supply on exchanges has fallen to its lowest level, raising expectations for a potential spike in volatility. According to data from CryptoQuant, the total amount of Bitcoin (BTC) held across all centralized exchanges decreased to just under 2.5 million BTC as of late May 2025. This steady drop has been accompanied by a strong price rally, with Bitcoin most recently reaching a new all-time high above $111,500.  The data indicates a significant divergence between exchange reserves and prices. While the quantity of Bitcoin held on exchanges has been declining,…

Bankrupt Crypto Exchange FTX Officially Kicks Off Second Round of Creditor Repayments With $5,400,000,000 Distribution

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The bankrupt crypto exchange FTX has begun distributing more than $5.4 billion to creditors. The payouts represent the exchange’s second round of distributions after smaller creditors categorized in FTX’s “Convenience Class” started receiving repayments in February. Creditors in this round include “convenience class” members and larger claims. They will all receive funds via BitGo or Kraken within one to three business days from Friday, per a new press release. FTX will make payouts from its $11.4 billion cash reserves, and the exchange says subsequent distributions will be announced “in due…

XRP’s Institutional Access Expands With Hashkey Exchange Listing

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Hashkey Exchange welcomes XRP, making it more accessible to professional investors, bolstering its position in the digital economy. XRP Joins Hashkey Exchange: A New Era of Professional Investor Access Hashkey Exchange, a licensed crypto trading platform overseen by the Hong Kong Securities and Futures Commission (SFC), has officially added XRP to its platform for professional […] Source

PEPE Whale Deposits $6.5M to Exchange as Price Drops 11%

Key Notes PEPE is trading around $0.00001288 after an 11% daily drop. Whale 0x3c9E deposited $6.47 million worth of PEPE to Binance. The whale still holds $6.41 million in meme coins and has profited $7.47 million in a month. While the broader crypto market is facing a cooling period, frog-themed meme coin PEPE PEPE $0.000013 24h volatility: 9.3% Market cap: $5.44 B Vol. 24h: $1.86 B is taking a sharper hit than most. Over the past 24 hours, PEPE has dropped roughly 11%, trading around $0.00001288 at the time of…

Bybit Exchange Secures MiCA License In Austria

Key Notes In addition to securing the MiCA license in Austria, Bybit has established its European headquarters in Vienna. As part of its expansion in the EU, the exchange plans to hire over 100 staff. OKX and eToro have also received a MiCA license, showing the new trend to take over the EU. Cryptocurrency exchange Bybit has obtained a Market in Crypto Asset (MiCA) license from Austrian regulators. This marks a major compliance with the regulatory framework in the European Union and a massive expansion for the firm in the…

Bitcoin cements its haven asset reputation. Is the “means of exchange” narrative still alive?

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Bitcoin has always been compared to gold. As time went by, the safe haven reputation of Bitcoin only strengthened. However, Bitcoin was conceived as an alternative cash system, and Bitcoin enthusiasts still greet businesses that have started accepting bitcoins. What are the chances that Bitcoin will eventually become a regular means of exchange? Safe haven assets: Bitcoin and gold Gold has been recognized as a safe haven for a long time, meaning that it successfully preserves value in times of financial turbulence, serving as a strong hedge against inflation. Bitcoin,…

Crypto Exchange Bitget Debuts Yield-Bearing BGUSD Backed by RWAs

Cryptocurrency exchange Bitget launched BGUSD, a stable asset certificate offering a 4% annual yield, backed by tokenized real-world assets (RWAs) including money market funds and U.S. Treasuries. New Bitget Stablecoin BGUSD Generates Yield from Tokenized Assets The product, announced on May 27, 2025, is redeemable for USDC at a 1:1 ratio and can be purchased […] Source CryptoX Portal

World’s Top Crypto Exchange by Trading Volume Announces Upcoming Support for Consumer-Focused Altcoin on Binance Alpha

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The world’s largest crypto exchange by trading volume is announcing upcoming support for an entertainment altcoin on its early-access platform. In a new announcement, Binance says it’s adding support for Sophon (SOPH), an interoperable layer-2 scaling solution made for the entertainment industry, on Binance Alpha, a feature of the Binance Wallet which launched in December 2024 that lets users discover emerging web3 projects before they gain mainstream popularity. “Binance is excited to announce that Sophon (SOPH) will open for trading on Binance Alpha starting 2025-05-28 13:00 (UTC). In addition, Binance…

Hacker Plunders $223,000,000 Worth of Crypto from Sui-Based Decentralized Exchange

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The largest decentralized exchange (DEX) and liquidity protocol on the layer-1 blockchain Sui (SUI) is temporarily disabling its smart contracts following a major security breach. In a statement, Cetus Protocol confirms that a bad actor siphoned approximately $223 million worth of assets from the platform. The DEX says it has already taken measures to prevent further theft and secure the majority of the impacted funds. “$162M of the compromised funds have been successfully paused. We are working with the Sui Foundation and other ecosystem members right now on next-step solutions,…

World’s Largest Crypto Exchange by Trading Volume Binance Adds Support for Trump-Linked World Liberty Financial Stablecoin

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The world’s largest crypto exchange by trading volume is adding support for an asset linked with President Donald Trump’s new decentralized finance project, World Liberty Financial (WLFI). In a new announcement, Binance says it will add support for the stablecoin World Liberty Financial USD (USD1), a dollar-pegged digital asset managed by the crypto asset manager BitGo. “Binance is excited to announce that World Liberty Financial USD (USD1) will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin [on May 22nd].” USD1, which was designed to keep…