Bitcoin Crash Blamed on Binance Rivalry
@StarXu of @OKX blames the October 10 crypto crash on irresponsible yield campaigns tied to USDe, claiming it caused $19.16 billion in liquidations; others dispute this narrative. #Update #Crypto $BTC
Crypto Exchanges
Focuses on platforms where cryptocurrencies are bought, sold, or traded, including features, security measures, and exchange rates.
Bitcoin Boosts as Binance Moves $1B SAFU Fund
@Binance is rebalancing its Secure Asset Fund for Users (SAFU) by converting stablecoins into $BTC, ensuring fund value remains above $800M. #Update #Crypto $BTC
Binance Blames Macro Risks for Record Liquidations
@Binance attributes the October 10 flash crash to macroeconomic shocks and high leverage, resulting in $150 billion in liquidations across markets; they compensated users over $328 million. #Update #Crypto $BTC $ETH
Kraken-Linked Firm Raises $345M IPO
KRAKacquisition Corp, linked to @krakenfx, raised $345M in its IPO and trades as KRAQU on Nasdaq, focusing on DeFi-TradFi convergence. #Update #Finance
Bitcoin to Gain $1B from Binance SAFU Reserves
@Binance will convert $1B from its SAFU reserves into $BTC within 30 days, raising concerns about user protection and asset security. #Update #Crypto $BTC
Binance Nominates Warsh as Fed Chair
The Trump administration plans to nominate Kevin Warsh as the next Fed chair, potentially facing Senate opposition. Warsh’s hawkish monetary stance may conflict with Trump’s rate preferences. #Update #Legal
Bybit Recovers 2025 After Massive Hack
@Bybit’s market share increased in 2025 despite a $1.5 billion hack, with trading volumes on the top 10 exchanges rising by an average of 7.6% last year. #Update #Crypto
Bybit Surges in XAUT Trading Volume
Bybit leads as the top centralized exchange for Tether Gold (XAUT) with nearly 16% market share, driven by macroeconomic factors and increased trading activity. #Update #Crypto $XAUT
ByBit Launches My Bank for IBAN Transfers
Bybit plans to launch “My Bank” for fiat-crypto transfers in February, offering IBANs to users post-KYC. This follows a $1.4 billion hack linked to North Korean cybercriminals. #Update #Crypto
Tether Bans Stablecoin Yields Distances from Coinbase
Tether supports a US bill banning stablecoin yield, opposing Coinbase’s public critique. Tether met with senators post-critique, seeking bank ties for its USAT stablecoin. #Update #Crypto $USDT
Stablecoin Platform Launches by Ex-Coinbase Execs
Dakota, a neobank founded by ex-Coinbase, Square, and Airbnb execs, launches a platform for fintechs to embed global stablecoin payments via APIs. #Update #Fintech
Binance Launches UAE USD Stablecoin
@Universal announces USDU as the first USD-backed stablecoin registered by the UAE Central Bank for digital-asset settlement. #Update #Crypto
Bybit Launches Retail Bank Accounts with IBANs
@Bybit is set to launch retail bank accounts with personal IBANs in February, providing users with instant fiat access and multi-currency transfers. #Update #Crypto $USDT
Bitcoin Exchange Bitget Launches Austria HQ
@Bitget is establishing its European HQ in Vienna, led by Oliver Stauber, to comply with the EU’s MiCAR regulation, enhancing operational frameworks for regulatory alignment. #Update #Crypto