Bybit Rises to Second Place in Global Crypto Exchange Rankings, Kaiko Report Reveals

June 25, 2024 Bitcoin.com

Binance

According to a recent report by Kaiko, Bybit has surged to become the world’s second-largest cryptocurrency exchange by volume, overtaking Coinbase and closely trailing Binance. This climb is attributed to significant increases in market share following the launch of spot bitcoin exchange-traded funds (ETFs) in the United States. Bybit Climbs Crypto Exchange Ladder The report […]

$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Binance Helps Btcturk With Hack Investigations — Freezes Over $5.3M in Stolen Funds

June 23, 2024 Bitcoin.com

Binance

Turkish crypto exchange Btcturk has suffered a cyber attack which caused unauthorized withdrawals from the platform. Crypto exchange Binance is assisting Btcturk with investigating the breach and has already frozen over $5.3M in stolen funds, Binance’s CEO has disclosed. Btcturk has reopened deposits and withdrawals for all ERC20 cryptocurrencies on the ERC20 network. Binance Assisting […]

$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Millions in Bitcoin Withdrawn After 1.96 Million AVAX Transferred to Exchanges: Zachxbt

June 22, 2024 Bitcoin.com

Avalanche

Onchain detective Zachxbt reported that an entity moved 1.96 million avalanche (AVAX) to various exchanges and subsequently withdrew millions in bitcoin (BTC) after the transaction. As of 8 a.m. EDT today, AVAX has declined almost 10% in the last 24 hours. AVAX Declines Amid Onchain Analyst’s Discovery of Major Transfers Zachxbt, a well-known onchain analyst, […]

$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets

June 18, 2024 Bitcoin.com

bitcoin.com

South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews quarterly. The reputation of the issuers and user protection tools are among the factors related to virtual assets that […]

$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Investors Pull Nearly $11 Billion in BTC and ETH From Major Exchanges in 30 Days

June 14, 2024 Bitcoin.com

Investors Pull Nearly Billion in BTC and ETH From Major Exchanges in 30 Days

Binance

According to the latest data, from April 1 to June 1, 2024, Coinbase experienced an outflow of more than 40,000 BTC. In the past 13 days, an additional 10,889 BTC, valued at $726 million, has exited the San Francisco crypto exchange. Further analysis reveals that since May 13, approximately $7.05 billion worth of BTC has […]

$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Report: Major Entities Hold Over 4 Million Bitcoin, Accounting for 27% of Supply

June 12, 2024 Bitcoin.com

Bitcoin

The latest Glassnode onchain report reveals that major labeled entities collectively hold approximately 4.23 million bitcoin, representing over 27% of the adjusted circulating supply. This significant concentration of BTC holdings underscores the prominent role these entities play within the bitcoin ecosystem. Institutional Holdings: ETFs, Miners, Government, and Exchanges Control 4.23 Million Bitcoin According to Glassnode’s […]

$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Largest Bank in Brazil Itau Unibanco Opens Cryptocurrency Trading to All Users

June 11, 2024 Bitcoin.com

Bitcoin (BTC)

Itau Unibanco, the largest bank in Brazil and all of Latam, has reported the availability of cryptocurrency trading services for all its users. Through Ion, the bank’s in-house investment platform, customers can purchase bitcoin (BTC) and ether (ETH), a feature previously available to selected users. Brazilian Banking Giant Itau Unibanco Opens Cryptocurrency Trading Services for […]

$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Bitcoin Scarcity Grows as Miner and Exchange Reserves Drop by 183,253 BTC Since January

June 7, 2024 Bitcoin.com

Bitcoin

Over the past 158 days, starting from the beginning of the year, the quantity of bitcoin held by exchanges and miners has decreased by 183,253 BTC, valued at nearly $13 billion. Roughly 90.95% of this bitcoin withdrawal originated from cryptocurrency exchange reserves. Exchanges and Miners See Massive Reductions From Jan. 1 to June 7, 2024, […]

$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Centralized crypto exchange trading volume falls to $5.2T in May

June 5, 2024 Coin Telegraph

Centralized crypto exchange trading volume falls to .2T in May

Binance

Trading volumes on CEXs have somewhat subsided after topping $9 trillion in March.

According to the latest report by CCData, in May 2024, the cryptocurrency market saw a significant decline in both spot and derivatives trading volumes.

The combined trading volume on centralized exchanges fell by 20.1% to $5.27 trillion during the month. This decline marks the second consecutive month of reduced trading activity, driven by the rangebound price of Bitcoin (BTC) following the network’s April halving.

Spot trading volumes on centralized exchanges dropped 21.6% to $1.57 trillion. The derivatives market also experienced a decline, with volumes decreasing by 19.4% to $3.69 trillion. Despite this downturn, the derivatives market’s dominance increased to the highest level since December 2023, as traders responded to the United States Securities and Exchange Commission’s unexpected approval of spot Ether (ETH) exchange-traded funds (ETFs). This led to a record high in open interest for Ether derivative instruments, which rose by 50.3% to $14.0 billion.

$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

$2.7 Billion Reduction — Coinbase Records 40,406 BTC Outflow in 60-Day Period

June 1, 2024 Bitcoin.com

bitcoin outflow

In recent weeks, Binance and Robinhood observed a modest influx of approximately 1,302 BTC or $88 million in bitcoin, with Robinhood acquiring the majority of these assets. Conversely, Coinbase experienced a noticeable decrease in its bitcoin reserves, witnessing an outflow of 40,406 BTC valued at $2.7 billion in the past two months. Coinbase, Binance, and […]

Exchanges

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