crypto exchanges

Crypto exchange Bitget has increased its estimate of losses from a recent hack to $387.5 million and announced a phased timeline for restoring customer withdrawals. The revised figure and withdrawal plan are drawing attention across the crypto industry, with users awaiting details on when they will regain full access to their funds.

Spot Bitcoin exchange-traded funds in the United States pulled in a record $2.39 billion in net inflows in a single day, the largest figure since the products launched. Market analysts are now debating whether the surge reflects genuine, sustained investor demand for crypto exposure or a short-lived burst driven by a handful of large trades.

The crypto industry is increasingly working directly with US regulators rather than waiting for Congress to pass comprehensive legislation, Decrypt reports. After years of stalled bills on Capitol Hill, exchanges and industry groups are engaging agencies like the SEC and CFTC to shape rules in practice, accepting limited oversight as the price of legal certainty and market access.

Bitcoin miner Riot Platforms has released roughly $494 million worth of bitcoin after repaying or restructuring a loan facility with crypto exchange Coinbase, giving the company full control over its holdings again. Financial media are now speculating whether Riot will sell the freed-up bitcoin to fund operations or continue holding it, a question closely watched as miners face pressure on margins.

Coinbase is bringing USDC lending to the United Kingdom, allowing customers to borrow against their Bitcoin and Ether holdings. The move expands the exchange's lending services into the UK market and gives British users a way to access liquidity in the dollar-backed stablecoin without selling their crypto. It follows Coinbase's broader push to grow its international presence amid a more favourable UK regulatory environment for digital assets.

Payward, the parent company of crypto exchange Kraken, says it is working to build financial infrastructure that extends beyond its core exchange business. The move signals an effort to diversify into broader financial services, positioning the company as a wider fintech provider rather than a crypto trading platform alone. Details on specific products or timelines were not provided.

Kraken's parent company Payward is reportedly developing a broad financial business that extends well past its core cryptocurrency exchange operations. According to CoinDesk, the company is building out services that position it as a wider financial empire, though specific products or acquisitions are not detailed in the initial report. The development signals growing ambitions among major crypto firms to diversify into conventional financial services.

Crypto exchange Bitget says it will resume withdrawals of Bitcoin, Ethereum and XRP, suspensions widely linked to a security incident, and is launching a bounty program offering 10% rewards for information leading to the recovery of stolen funds. Traders are watching for signs the platform's operations and liquidity are returning to normal as it works to reassure users and recover assets.

Tokenized stock trading on decentralized exchanges reached $20.9 billion in volume over the past 30 days, according to a report from Fortune. The figure marks a significant milestone for on-chain versions of publicly listed equities, which have drawn growing interest from crypto traders seeking exposure to traditional stocks around the clock, outside regular market hours.

Four bitcoins stolen in the Bitget exchange hack have been traced moving through Wasabi, a privacy wallet known for its CoinJoin mixing service. On-chain tracking of the funds is drawing attention from security analysts, who follow hacker wallets to see whether stolen crypto can be recovered or will be laundered through mixing tools.

A report says European Central Bank President Christine Lagarde intervened to persuade Greek authorities not to grant Binance a licence to operate in the country. The revelation sheds light on how EU institutions have steered national decisions on the world's largest crypto exchange, which faces regulatory scrutiny across Europe.

Brazil has introduced new rules targeting self-custody cryptocurrency: transfers of $10,000 or more would need to be reported, and such transfers could face a 24-hour delay. The measures are aimed at tightening oversight of crypto held outside exchanges, and are drawing attention from investors and industry watchers concerned about privacy and the practical impact on moving funds.

A new estimate suggests that if FTX founder Sam Bankman-Fried had simply held the funds his exchange distributed to investors, rather than trading them, those holdings could be worth around $206 billion today. The figure highlights the scale of value lost in the exchange's 2022 collapse and is prompting renewed debate about the estate's repayment terms, which are based on lower crypto prices from that period.

Centralized crypto exchanges reportedly saw net outflows of 31,782 bitcoin over seven days, worth about $2.52 billion, as holders moved funds into self-custody. Binance took the largest hit with roughly 19,500 BTC leaving the platform, while Coinbase Pro lost around 6,700 BTC. Commenters describe the flows as institutional accumulation and a sign that large investors are pulling coins off exchanges rather than preparing to sell.

Debate over a potential Bitcoin supply shock is intensifying, with commentary pointing to the Institutional Funding Premium (IFP) turning bullish. Analysts argue that tightening exchange reserves and rising institutional demand could squeeze available supply, supporting higher prices. Skeptics counter that on-chain signals alone are not enough to confirm a genuine shortage, leaving the market split on how much the trend matters for Bitcoin's next move.