Market News

Crypto Leader Bybit Powers TOKEN2049 Dubai – Attends as Gold Sponsor, Showcasing Real-World Crypto Utility

April 29, 2025 5 mins read

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is taking center stage as a Gold Sponsor of TOKEN2049 Dubai, one of the most influential Web3 industry conferences shaping the global digital assets landscape. This strategic involvement underscores Bybit’s unwavering leadership in the blockchain space and its commitment to delivering real-world utility through cutting-edge crypto solutions. Hosted at the prestigious Madinat Jumeirah from April 30 to May 1, TOKEN2049 Dubai is

EigenLayer Integrates its Restaking Tech into Kite AI’s Marketplace

April 29, 2025 3 mins read

Kite AI, the decentralized AI Layer-1 platform, today announced a strategic partnership with EigenLayer, the Ethereum-based restaking protocol, to integrating EigenLayer’s restaking technology into Kite AI’s on-chain AI asset marketplace. This partnership integrates EigenLayer’s Active Validation Service (AVS) into Kite AI’s marketplace, bringing verifiable trust to AI inference and asset listing processes. By leveraging EigenLayer’s restaked validators to verify computations, Kite AI introduces a secure, decentralized framework that ensures the

BloFin Launches Mastercard Crypto Card Enabling Secure and Effortless Payments

April 28, 2025 2 mins read

BloFin, a global leading cryptocurrency exchange, is proud to announce the official launch of the BloFin Card. The BloFin Card, now available as a virtual offering, enables select users to integrate digital assets into global online payment scenarios. It is accessible via both web and mobile platforms within the BloFin ecosystem.  BloFin Launches the BloFin Card — Bringing Crypto into Everyday Payments The BloFin Card offers users a streamlined way to incorporate

Bitget Releases April 2025 Proof of Reserves Report: User Assets Secured at 191% Reserve Ratio

April 28, 2025 3 mins read

Bitget, the leading cryptocurrency exchange and Web3 company, has published its monthly Proof of Reserves (PoR) report for April 2025, which shows its continued commitment to transparency and user asset security. The latest verification confirms that Bitget maintains highly secure collateralized reserves, with an industry-leading 191% overall reserve ratio, ensuring full backing of all user funds. Bitget continues to uphold its gold standard in asset security, with April’s reserves verification

Kraken Lists Orderly’s $ORDER Token for Trading on Its Global Exchange

April 27, 2025 3 mins read

Global crypto exchange Kraken has announced that it is to list Orderly’s native token for trading. Set to go live on April 25, Kraken’s new $ORDER market will deepen liquidity for the DeFi token and enhance access to Orderly’s growing onchain ecosystem. The $ORDER token plays a pivotal role in decentralizing Orderly’s web3 liquidity layer. In the process, it supports the protocol’s economic stability while incentivizing liquidity provision. $ORDER stakers

Nexo Earns Top Honors at The Digital Banker Awards for Customer Experience Excellence

April 26, 2025 3 mins read

Nexo, the leading digital assets wealth platform, has been awarded two prestigious honors at The Digital Banker’s 2025 Digital CX Awards—an annual benchmark of excellence typically dominated by leading banks and global financial institutions. The dual recognition reinforces Nexo’s growing status as a best-in-class digital wealth platform capable of delivering the kind of customer experience traditionally expected from top-tier financial players. A key highlight in this recognition at the Digital CX

Kraken exchange introduces FX perpetual futures

April 21, 2025 2 mins read

Kraken exchange introduces FX perpetual futures Kraken has announced the launch of a new asset class called FX perpetual futures (FX perps), which will allow traders to engage with the largest financial markets directly through Kraken Derivatives. The initial offerings include EUR/USD and GBP/USD pairs, both available with a leverage of up to 20x, with plans to introduce more forex pairs in the near future. According to the exchange, this

KiloEx suffers a major security breach

April 15, 2025 1 min read

KiloEx, a decentralized exchange, recently experienced a significant security breach that resulted in the loss of approximately $7.5 million. The incident was confirmed by the KiloEx team on April 15 during Asian trading hours. To manage the situation, the platform has halted all activities to limit further damage. In their public announcement, KiloEx stated that they are collaborating with various security partners to identify the attacker and recover the stolen

BlackRock, Grayscale, and Bitwise win SEC approval for Ethereum ETF options

April 10, 2025 1 min read

The U.S. Securities and Exchange Commission (SEC) has approved options trading for spot Ethereum exchange-traded funds (ETFs). This decision was made during an “accelerated approval” process. The SEC allowed Nasdaq ISE, LLC to trade options for the iShares Ethereum Trust. Additionally, it approved options trading for the Bitwise Ethereum ETF, the Grayscale Ethereum Trust, and the Grayscale Ethereum Mini Trust through NYSE American LLC. The SEC stated that the proposed

Teucrium files for an inverse XRP ETF

April 10, 2025 1 min read

Teucrium launched the first US-leveraged XRP ETF, the 2x Long Daily XRP ETF, on April 8. The ETF, trading under the ticker XXRP, had an impressive start, with around $5 million in trading volume on its first day. This performance places it among the top 5% of new ETF launches, according to Bloomberg analyst Eric Balchunas. The fund’s debut was significantly stronger than that of the Volatility Shares’ 2x Solana

Ripple to acquire crypto broker Hidden Road

April 8, 2025 1 min read

Ripple, a leading asset manager, announced its acquisition of Hidden Road, a rapidly growing prime broker friendly to cryptocurrencies. The deal is valued at $1.25 billion and is expected to close in the coming months, pending regulatory approval. This acquisition is significant as it positions Ripple as the first cryptocurrency firm to own a global, multi-asset prime broker. The announcement comes after reports that Hidden Road was in discussions for

Tether (USDT) bets its $20 billion haul that the greenback will weather the tariff storm

April 6, 2025 2 mins read

Tether, a stablecoin issuer, made headlines with its impressive $13 billion profit last year. This figure surpasses many well-known financial firms, including Goldman Sachs. Despite having no official approval from U.S. regulators and a small workforce of fewer than 200 employees, Tether is making a bold bet on the U.S. dollar. As tariffs imposed by Donald Trump disrupt the global economy, Tether aims to strengthen the dollar’s presence worldwide. CEO