After an agonizing wait, Backpack has finally opened the withdrawal portal for former FTX EU customers, allowing them to reclaim their lost funds. This monumental step was initiated on May 12, following Backpack’s acquisition of FTX’s European operations in January 2025. The implications of this process go beyond mere fund retrieval; they signal a move
Exchanges
Recently, Democratic senators have taken the bold step of urging an investigation into the potential connections between President Donald Trump and Binance, one of the world’s largest cryptocurrency exchanges. This call for scrutiny, a clear indicator of escalating tensions, underscores how intertwined politics and finance can become, especially when controversial firms like Binance are involved.
In an audacious maneuver, Coinbase has decided to acquire the leading crypto derivatives platform, Deribit, for a staggering $2.9 billion—a transaction poised to be history’s largest within the company’s portfolio. While at face value, this appears to be a remarkable achievement, it simultaneously beckons skepticism about the underlying motivations driving such a hefty investment. In
As the cryptocurrency landscape evolves, new vulnerabilities emerge, exposing unsuspecting users to a plethora of scams that can result in catastrophic financial losses. Recently, blockchain investigator ZachXBT revealed that Coinbase users lost an alarming $45 million in a single week to precisely coordinated social engineering schemes. This devastating figure is not just a statistic; it
When Coinbase introduced the x402 protocol on May 6, it did more than merely launch another feature—it ignited a significant shift in how we perceive and utilize digital payments online. By creatively repurposing the infamous HTTP 402 status code, which had largely remained dormant in the world of web protocols, Coinbase has set the stage
The introduction of the Markets in Crypto-Assets (MiCA) regulations marks a watershed moment in the European cryptocurrency ecosystem. Instead of merely navigating a chaotic terrain characterized by speculative volatility, exchanges are now galvanized into a space where adherence to regulatory compliance is not a choice but an imperative. This paradigm shift elevates user safety and
The recent plunge of MOVE, the native token of the Ethereum-based Movement Network, serves as a clarion call for the crypto industry. Following Coinbase’s explosive decision to delist MOVE amid serious allegations regarding its market-making integrity, the digital asset witnessed an astonishing 23% drop in value, settling at an all-time low of $0.18. This shocking
In the first quarter of 2023, Robinhood has experienced an impressive resurgence, particularly within the realm of cryptocurrency trading. With crypto revenue doubling year-over-year to $252 million, the platform highlights a shift in the financial landscape, driven largely by individual traders eager to make their marks in an evolving market. This explosion isn’t merely a
In a historic legal confrontation, Coinbase has taken a stand against what it perceives as an overreach by the Internal Revenue Service (IRS) in its quest for cryptocurrency user data. The amicus brief submitted to the U.S. Supreme Court sheds light on a burgeoning conflict at the crossroads of financial technology and constitutional privacy rights.
The recent transfer of approximately $20 million worth of TRUMP tokens from a wallet associated with the official Donald Trump memecoin initiative has sent shockwaves through the cryptocurrency market. On April 29, on-chain analyst EmberCN highlighted this notable activity, revealing that a total of 1.346 million TRUMP tokens had been moved to prominent exchanges like
