Coinbase set to acquire crypto derivatives giant Deribit in $2.9 billion deal, WSJ reports
Deribit currently operates under a full license from Dubai’s Virtual Assets Regulatory Authority (VARA) This regulatory license enables the platform to legally offer crypto derivatives trading to institutional and qualified…
Tether plans new US dollar stablecoin as reserves near $120 billion amid Washington lobbying
Q1 2025 audit shows excess reserves down to $5.6 billion from $7 billion. Tether’s reserves are managed by Cantor Fitzgerald, raising scrutiny over potential conflicts. Competitor World Liberty Financial, backed…
XRP ETF inflows could exceed $8.3 billion by 2026, says Standard Chartered
NAV benchmarks for BTC and ETH ETFs underpin the forecast. SEC’s final deadline for XRP ETF approval is 12 October. Polymarket data shows a 79% chance of approval by year-end.…
Abu Dhabi firm uses Trump-linked stablecoin for $2 billion Binance deal
Trump-linked stablecoin USD1 selected for $2B Binance investment by Abu Dhabi firm MGX. USD1’s rapid rise: Stablecoin backed by U.S. Treasuries hits $2.1B in circulation. Justin Sun’s Tron to integrate…
KuCoin launches $2 billion Trust Project to boost transparency and security
KuCoin has committed $2 billion to boost platform transparency, security, and compliance. The multi-year Trust Project is already underway with phased rollouts. The initiative also aims to strengthen KCS token…
Bybit suffers $1.4 billion hack, ETH drained from exchange wallet
Bybit exploited for $1.4 billion worth of ETH, CEO confirms. Despite the massive loss, Bybit remains solvent and can cover the losses, Ben Zhou said in a post on X.…
WEEX 2024 Annual Report: Over 5 Million Users, Daily Trading Volume Exceeds $5 Billion, Team Expands to 500+
In 2024, WEEX concluded the year with exceptional achievements and impressive growth. Through a commitment to innovation, security, and user empowerment, WEEX reached new heights as a global cryptocurrency trading…
Crypto pig butchering scams wiped out $3.6 billion in 2024: report
Crypto scams around pig butchering saw crypto users lose over $3.6 billion in 2024. This reflects a 40% surge in the past year. Pig butchering scams hit highest in 2024…
South Korea crypto volume hit record $34 billion: Here’s why
South Korea saw crypto trading volumes spike to $34 billion in 24 hours amid the president’s martial law order. The unrest and political chaos catalysed a panic among crypto traders,…
Dogecoin’s $50 Billion Market Cap Meets PEPE’s Rise: Why Smart Investors Are Turning to 1FUEL
The cryptocurrency market is known for its explosive growth. For example a coin like Dogecoin rose from its humble beginnings to a market cap of a staggering $62 billion (at…