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.

Bitcoin briefly crossed the $83,000 mark on the Binance exchange before pulling back, according to market reports. Traders are weighing whether the move signals renewed momentum for the cryptocurrency after recent volatility. The spike adds to ongoing debate about whether Bitcoin can sustain levels above the psychologically important $80,000 threshold.

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.

A transfer of 1,700 Bitcoin, valued at roughly $142 million, moved off Coinbase Institutional to an unknown wallet. Large transfers from exchange custody accounts often prompt speculation about whether an institution is repositioning holdings, preparing a sale, or shifting assets to cold storage. Crypto watchers are tracking the destination address for further movement.

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.

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.

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.

Around 1,700 Bitcoin, valued at roughly $142 million, were transferred out of Coinbase Institutional wallets. Large moves from major exchange custody accounts typically draw attention from crypto traders, who watch for signs of institutional buying, selling or wallet restructuring. Without confirmation of the recipient or purpose, observers are left speculating whether the transfer signals an imminent sale, a custody shift or routine internal management of funds.

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.

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.

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.

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.

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.

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 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.