Tag: exchange

BtcTurk Sees $48 Million In Suspicious Outflows, Suspends Crypto Withdrawals And Deposits

admin — Fri, 15 Aug 2025 05:00:14 +0000

Earlier today, wallets tied to crypto exchange BtcTurk reportedly transferred more than $48 million worth of digital assets. This movement has raised suspicions of a potential security breach.

BtcTurk Suspends Crypto Withdrawals, Deposits

According to an X post by blockchain security entity Cyvers Alerts, outflows of over $48 million in cryptocurrencies were detected in “unusual activity” across multiple blockchain networks involving the Turkish exchange BtcTurk.

Bitcoin Pulls Back Below $120K After New ATH as Whale Ratio Hits Risk Levels

admin — Fri, 15 Aug 2025 04:00:23 +0000

Bitcoin briefly set a new all-time high above $124,000 earlier today before experiencing a sharp retracement that brought the asset back below the $120,000 level. As of press time, BTC is trading at $118,336, representing a weekly loss of 1.9% and a 4.5% decline from its peak.

Analysts Outline Risks to Circle from Slower USDC Growth and Higher Distribution Costs

admin — Fri, 15 Aug 2025 04:00:21 +0000

Shares of Circle Internet Group (NASDAQ: CRCL) faced a pull back following the release of its latest quarterly results, despite the company reporting substantial growth in key metrics.

Over the past year, the supply of USD Coin (USDC) in circulation expanded to $61.3 billion, marking a 90% increase. Revenue, including income from reserves, rose 53% year-over-year to reach $658 million.

Justin Sun Vs Bloomberg: Clash Escalates Over TRON Founder’s Crypto Holdings

admin — Fri, 15 Aug 2025 02:00:29 +0000

Justin Sun, the controversial crypto billionaire and founder of the Tron (TRX) blockchain, has ignited a new legal dispute by filing a lawsuit against media company giant Bloomberg on Monday.

The lawsuit, submitted in Delaware, accuses Bloomberg of “improperly” disclosing sensitive financial information about Sun’s cryptocurrency holdings in a recent article, which he claims could lead to significant and irreparable harm.

Cycle Network: Building a “VisaNet” for Crypto

admin — Fri, 15 Aug 2025 02:00:00 +0000

Key Insights

Cycle Network’s three-layer design eliminates the need for traditional bridges by anchoring security in Ethereum, extending connectivity across source networks, and consolidating activity through a zkEVM rollup.
Cycle’s infrastructure already powers practical applications like all-chain stablecoin settlement and chain-abstracted GameFi.
read more

Citigroup Weighs Stablecoin, Crypto ETF Custody amid Upbeat US Regulations

admin — Fri, 15 Aug 2025 00:11:15 +0000

Citigroup is considering launching custody services for stablecoins and the digital assets backing cryptocurrency exchange-traded funds (ETFs), according to a Reuters interview with Biswarup Chatterjee, Citi’s global head of partnerships and innovation.

Binance Bitcoin Reserves Surge To 579,000 BTC – Signal Of Profit-Taking Or Bullish Liquidity?

admin — Thu, 14 Aug 2025 23:00:21 +0000

Bitcoin (BTC) created a fresh all-time high (ATH) yesterday, touching $124,474 on Binance before stabilizing around $118,000 at the time of writing. Meanwhile, BTC reserves on Binance have surged significantly, raising concerns about a potential price correction.

Bitcoin Reserves Spike On Binance: Time To Worry?

According to a CryptoQuant Quicktake post by contributor Arab Chain, Binance’s Bitcoin reserves have seen a sharp increase in recent months. The exchange holds the largest BTC reserves, supported by its high liquidity and the largest trading volume in the market.

Coinbase Buys Deribit in $2.9B Deal Following Stake Boost from World’s Largest Pension Fund

admin — Thu, 14 Aug 2025 22:04:58 +0000

Coinbase confirmed on August 14 it has completed a $2.9 billion cash-and-stock acquisition of Deribit, the world’s largest crypto options exchange by trading volume and open interest.

Deribit, based in the Netherlands, processed about $1 trillion in options volume during 2024 and currently holds roughly $59 billion in open interest. Its market dominance in options adds depth to Coinbase’s existing spot, futures, and perpetual swap businesses.

Analysts Call Ethereum a Strategic Buy as ETF Inflows Soar and Price Nears Breakout Zone

admin — Thu, 14 Aug 2025 22:00:01 +0000

Ethereum (ETH) is closing in on its 2021 all-time high as institutional demand surges, fueled by record-breaking inflows into U.S. spot Ethereum exchange-traded funds (ETFs).

On Wednesday alone, Ethereum ETFs pulled in $729.1 million, their second-largest daily inflow since launch, with BlackRock’s ETHA accounting for $500.9 million and Fidelity’s FETH adding $154.7 million. Over the past six days, these funds have attracted more than $2.3 billion, driving ETH prices above $4,900.

This Memecoin Coin Could Be 2025’s Best Crypto to Buy (DogeCoin Flashbacks )

admin — Thu, 14 Aug 2025 21:53:18 +0000

In cryptocurrency’s timeline, Dogecoin’s climb remains one of the most iconic. Born in 2013 as a tongue-in-cheek token near $0.001, DOGE evolved into a global phenomenon fueled by retail traders, meme culture, and high-profile endorsements.

Now, with Dogecoin inching toward the $1 threshold, investors are scanning for the next breakout meme coin, one that offers early-stage pricing and real value behind the buzz.

Arsenal FC Signs Major Bitpanda Crypto Partnership Before Premier League 2025 Season

admin — Thu, 14 Aug 2025 21:35:46 +0000

Bitpanda and Arsenal have officially confirmed a multi-year partnership, naming Europe’s leading crypto platform as the club’s Official Crypto Trading Partner.

The deal coincides with Bitpanda’s UK market debut, offering over 600 digital assets including Bitcoin, Ethereum, stablecoins, and curated crypto indices.

US Treasury’s OFAC sanctions crypto exchange Garantex again for facilitating ‘illicit activities’

admin — Thu, 14 Aug 2025 20:13:35 +0000

Key Takeaways

OFAC claims Garantex processed over $100 million with connections to illicit activities since 2019.
Grinex, three Garantex officials and six Russia- and Kyrgyz Republic-based companies have also been sanctioned

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against the crypto exchange Garantex Europe OU, its ‘successor’ platform Grinex, and three Garantex officials and six Russia- and Kyrgyz Republic-based companies.

US Treasury’s OFAC sanctions crypto exchange Garantex for second time

admin — Thu, 14 Aug 2025 19:45:00 +0000

The Office of Foreign Assets Control said it was taking additional action against the crypto exchange after including it on its list of Specially Designated Nationals in 2022.

Coinbase seals Deribit acquisition in 6th deal of 2025

admin — Thu, 14 Aug 2025 19:20:50 +0000

The crypto exchange has been steadily acquiring companies to diversify the range of services it offers to clients.

TeraWulf Stock Surges 38% After Landing $3.7B Google-Backed AI Infrastructure Deal

admin — Thu, 14 Aug 2025 19:12:19 +0000

Data center infrastructure firm TeraWulf has entered a high-performance computing (HPC) colocation agreement with cloud services provider Fluidstack worth at least $3.7 billion.