Despite the longstanding dominance of centralized exchanges (CEXs) in the crypto trading industry, there has been a noticeable shift towards decentralized platforms. This shift is not only reflective of the evolving preferences of traders but also indicates a broader trend towards decentralization and security in the digital asset space. Market Sentiment Insights One of the
Exchanges
Robinhood made a significant announcement regarding its acquisition of Bitstamp, a well-known global cryptocurrency exchange for a whopping $200 million in cash. This deal is subject to regulatory approvals and customary closing conditions and is expected to be finalized in the first half of 2025. This move marks a strategic decision by Robinhood to expand
Bybit, the second-largest crypto exchange by trading volume according to CoinMarketCap, made a surprising announcement recently. The exchange removed China from the list of countries whose citizens are restricted from using its services. This unexpected move has sparked curiosity and speculation within the crypto community. Potential Impact on Chinese Users With China being a significant
In a recent announcement on June 3rd, Binance revealed its plans to limit the availability of “unregulated stablecoins” in the European Union by June 30. This decision is in alignment with the upcoming Markets in Crypto-Assets Regulation (MiCA) set to be fully operational by the end of 2024. Binance’s move signifies a proactive step towards
Recently, a user known as “未来长” (The Future is Long) reported a significant security breach involving their OKX account, resulting in a loss exceeding $2 million. The user detailed that scammers had obtained all of his personal information through Telegram. Utilizing this data, the attackers accessed his email account and initiated a password reset. They
The recent introduction of crypto-related spot ETFs in the United States has caused Bitcoin and Ethereum supplies on centralized exchanges to hit record lows. Glassnode data reveals that Bitcoin balances on exchanges have dropped to 11.6%, marking the lowest level since December 2017. Similarly, Ethereum balances have reached a low of 10.6%, the lowest since
Gemini recently revealed that users of its now-defunct Earn product have received $2.18 billion worth of their digital assets, which accounts for 97% of the total assets owed. This marks a significant milestone in the recovery process after the collapse of Genesis, a crypto lender that ceased withdrawals in November 2022. The exchange ensured that
The recent revelation by the Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has sparked concerns within the crypto community. Despite transferring over 140,000 BTC (approximately $10 billion), it has been confirmed that significant Bitcoin holdings have not been sold. The trustee emphasized that preparations for repaying creditors are in progress. The bankruptcy process
In a recent development in Nigeria, a High Court has decided to adjourn the money laundering trial involving Binance and its executive Tigran Gambaryan to June 20. This decision was made due to health concerns raised by Gambaryan’s defense counsel, Mark Mordi. The court was informed that Gambaryan was not in good health and was
Recently, there have been rumors circulating on social media regarding Bybit crypto exchange’s alleged insolvency. These rumors have caused quite a stir, with obscure accounts spreading misinformation about the exchange’s financial stability. However, Bybit’s CEO, Ben Zhou, has firmly denied these allegations, stating that they are baseless and lack any real facts to support them.
