Starting September 17, all orders will be closed automatically, and trading bots for the pairs with the mentioned altcoins will cease to function. The exchange advised clients to update or cancel their trading bots to avoid potential losses.
The cryptocurrency exchange Gemini, founded by the Winklevoss twins, has overtaken Coinbase in the AppStore after launching a credit card with XRP cashback in partnership with Ripple Labs and Mastercard.
BitMine Immersion Technologies (NYSE AMERICAN: BMNR) announced cryptocurrency and cash assets totaling $8.82 billion as of August 24. According to the press release, the company holds 1,713,899 Ethereum tokens valued at $4,808 per token, 192 Bitcoin, and $562 million in cash.
Gemini has released a new version of the Gemini Credit Card® under the XRP brand, issued by WebBank and operating within the Mastercard World Elite program.
Last week, bitcoin- and ethereum-based exchange-traded funds lost $1.43 billion. This ended a two-week inflow period during which $4.3 billion had been attracted.
The ratio reached its local peak of 2.01 points on August 14. This indicated growing buying pressure, when for every dollar spent on purchasing bitcoin, more than $2 in stablecoins entered the market, according to CryptoQuant.
Bitcoin reserves on centralized exchanges (CEX) continue to shrink, reducing selling pressure and supporting relative price stability.
Cryptocurrency exchange Gemini has launched a self-custody wallet and an on-chain trading portal as its centralized trading volumes remain relatively low. This comes after the company confidentially filed for an initial public offering in June.
Matrixport has announced new structured investment products designed for trading Ethereum during periods of significant price swings. These products target various market scenarios and are suitable for both long-term and short-term strategies.
Acting CFTC Chair Caroline Pham explained that the Commodity Exchange Act requires retail commodity trading using leverage, margin, or financing to be conducted only on regulated Designated Contract Markets (DCMs).
The Binance Alpha ecosystem showed solid growth, increasing its total market capitalization by 2.51% to $16.19 billion. This came amid sideways price movement in flagship cryptocurrency Bitcoin (BTC), which failed to maintain its bullish momentum from recent weeks.
Retail trading volumes on Coinbase dropped sharply in Q2, but XRP continued to generate more transaction revenue than Ethereum, extending a trend that began in Q1.
The refusal by the Monetary Authority of Singapore (MAS) to grant a license came as an unexpected blow to Tokenize Xchange, reports The Business Times. In 2024, the company raised over $11 million to expand its business in Singapore and grow its team.
Coinbase (NASDAQ:COIN) has launched the Base app, rebranding its Coinbase Wallet into a “super app” that combines social media, mini-apps, chat, payments, and trading. The company described this move as a new chapter in the development of the Base ecosystem.
South Korea’s largest cryptocurrency exchange, Upbit, could face a fine of up to 183 trillion won ($131.5 billion) for violations of “Know Your Customer” (KYC) verification requirements and regulatory rules.
According to Reuters, the Official Trump (TRUMP) memecoin has generated hundreds of millions in profits for cryptocurrency exchanges and significant income for its creators.
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