Coinbase Drops in Global Crypto Ranking
Coinbase loses its spot as the second-largest crypto exchange to Bybit. Bybit’s market share surged to 16% due to lower fees and Binance’s regulatory issues. Coinbase now holds 8%. #CryptoNews #Update
Crypto Exchange
Coinbase Launches RNDR, HBAR, APT Trading in NY
Coinbase (@coinbase) now trades $RNDR, $HBAR, $AKT, $HNT, and $APT tokens in NYC. Despite initial drops, new listings historically spur price rallies. This strategic move aims to boost market liquidity and investor interest. #Update #CryptoNews
Binance Labs Funds Infrared Liquid Staking Protocol
Infrared Protocol secures funding from @BinanceLabs to expand its team and conduct audits, preparing for the Berachain V2 testnet. With plans to hire three more, Infrared aims to launch its IRED token, enhancing flexibility and efficiency in #DeFi. #Update
XRP Surge Expected After 51M Binance Transfer
A transfer of 51M Ripple ($XRP) tokens worth $25M from @binance to an unknown wallet has sparked investor discussions. Crypto whales show bullish sentiment by moving XRP off exchanges. XRP trades at $0.4873 with resistance at $0.5213. #Update
Binance Executive Jailed: US Lawmakers Intervene
US Congress members @RepFrenchHill and @RepHoulahan visited Binance exec Tigran Gambaryan in Kuje Prison, Nigeria. Detained since Feb 2024, Gambaryan suffers from malaria and double pneumonia. This visit underscores urgent health issues and regulatory challenges in the crypto industry. #Update
Obmify Debuts App for Real-Time Exchange Monitoring
Obmify launches a new mobile app for iOS, with Android coming soon, enhancing crypto exchange monitoring. Features include user reviews, ratings, and a unique insurance deposit system for secure transactions. Simplified design aids quick decisions. #CryptoNews #Update
Bitcoin Donation: Gemini Founders Support Trump Campaign
The Winklevoss twins donated $2M in Bitcoin to Donald Trump, aiming to counter the Biden Administration’s anti-crypto stance. Tyler Winklevoss criticized government actions against crypto, highlighting regulatory challenges and the need for clear $BTC policies. #Update
Humanitarian Release Sought for Binance Executive
.@RepHoulahan and @RepFrenchHill visit Binance exec Tigran Gambaryan in Nigeria’s Kuje Prison. Gambaryan, detained for 3 months, suffers from malaria and pneumonia. Despite cleared tax charges, he’s still jailed for money laundering. Lawmakers call for his release. #Update
Coinbase Pushes Lawmakers for Crypto Remittance Support
.@Coinbase CLO Paul Grewal urges lawmakers to back crypto for remittances, highlighting blockchain’s lower fees and faster processing. Traditional methods cost $6 per $100 and are slow. Growing adoption shows crypto’s potential for affordable cross-border payments. #Crypto #Update
BitFlyer Acquires FTX Japan Crypto Exchange
.@bitFlyer is set to acquire FTX Japan, valued in the tens of millions, following the collapse of @FTX_Official. The move aims to convert FTX Japan into a custodial service for institutional clients, highlighting the shift towards secure, reliable custodial services in crypto. #Update
BONK Trading Now Live on Bitstamp
Bitstamp, now owned by @RobinhoodApp, lists meme coin Bonk (BONK). Trade BONK in USD & EUR globally (except US & Singapore) via their apps. Bitstamp’s regulated EU status boosts its role in emerging crypto. #CryptoNews
Kraken Recovers $3M After Certik Bounty Fiasco
Kraken’s Chief Security Officer, Nick Percoco, confirmed the recovery of $3M after @Certik_io exploited a bug to withdraw funds, claiming it as a bug bounty. Kraken denounced it as extortion. The incident highlights the critical need for robust cybersecurity. #CryptoSecurity
MintSwap Launches Revolutionary DEX on Mint Network
MintSwap launches the first DEX on the Mint blockchain, enhancing user experience with AMM tech for fast, secure swaps. Users gain optimized profits from liquidity pools. Future plans include an ERC-404 token with staking rewards. #Update #CryptoNews
Galaxy Digital Overtakes Coinbase in Solana Validation
Galaxy Digital, founded by Michael Novogratz, is set to surpass @Coinbase as the largest validator in the Solana network, holding 9.7M $SOL tokens. Expected to generate $22M annually from staking fees. #Crypto #Update