U.S. spot Bitcoin exchange-traded funds (ETFs) extended their longest period of sustained investor withdrawals this year, underscoring weakening institutional appetite for digital assets as Bitcoin trades near multi-month lows. … [Read more...] about Bitcoin ETF outflows accelerate as institutional investors retreat
Crypto exchanges are starting to look like global brokerages
Crypto exchanges are no longer trying only to be crypto exchanges. … [Read more...] about Crypto exchanges are starting to look like global brokerages
Circle’s $1.05 billion debut signals Wall Street revival for crypto firms
Circle Internet Group's explosive $1.05 billion IPO on the New York Stock Exchange has reignited investor enthusiasm for cryptocurrency listings, marking the largest public offering in the sector since Coinbase’s 2021 debut. The stablecoin issuer priced shares at $31 but opened at $69 and closed at $83.23 on its first day, reflecting surging demand amid improving sentiment in … [Read more...] about Circle’s $1.05 billion debut signals Wall Street revival for crypto firms
Kraken expands crypto offerings with tokenized U.S. stocks and ETFs for global investors
Kraken, a prominent crypto exchange that has faced legal challenges from the U.S. Securities and Exchange Commission (SEC) over its digital asset offerings, is making a bold move into tokenized securities. The exchange announced plans to offer tokenized versions of over 50 U.S. stocks and exchange-traded funds (ETFs), including shares of major companies like Apple, Tesla, and … [Read more...] about Kraken expands crypto offerings with tokenized U.S. stocks and ETFs for global investors
Bybit falls victim to record-breaking $1.5 billion crypto heist: Lazarus Group suspected
In a devastating blow to the cryptocurrency industry, Bybit revealed on Friday that it had suffered a "sophisticated" attack resulting in the theft of over $1.5 billion worth of Ethereum (ETH) from one of its cold wallets. This unprecedented breach surpasses all previous crypto heists in scale, dwarfing even the Ronin Network ($624 million), Poly Network ($611 million), and BNB … [Read more...] about Bybit falls victim to record-breaking $1.5 billion crypto heist: Lazarus Group suspected
Coinbase reports record Q4 earnings amid crypto bull run and pro-crypto political shift
In a testament to the burgeoning crypto market and favorable political winds, Coinbase (COIN) reported its strongest quarterly performance in years, with fourth-quarter revenue surging 138% year-over-year to $2.27 billion, far exceeding Wall Street expectations of $1.84 billion. The leading U.S. cryptocurrency exchange also posted adjusted earnings of $1.3 billion, surpassing … [Read more...] about Coinbase reports record Q4 earnings amid crypto bull run and pro-crypto political shift
Binance reaches historic milestone: 200 million users
Binance, one of the world’s leading cryptocurrency exchanges, has reached a significant milestone by surpassing 200 million users. This achievement underscores Binance's pivotal role in the ongoing evolution of the cryptocurrency market and reflects the growing global interest in digital assets. … [Read more...] about Binance reaches historic milestone: 200 million users
A new chapter for cryptocurrency regulation in India
Recent developments mark a significant shift in India's approach to cryptocurrency regulation. Both Binance and KuCoin have made headway in aligning with the Indian government's stringent financial regulations. KuCoin, by becoming the first Financial Intelligence Unit-India (FIU-India) compliant global crypto exchange, has set a precedent for regulatory compliance and is … [Read more...] about A new chapter for cryptocurrency regulation in India