FalconX and StoneX Make History with First CME Group Solana Futures Trade

FalconX, a digital asset prime brokerage firm, has completed the first-ever block trade of CME Group’s newly launched Solana (SOL) futures in collaboration with StoneX, a global financial services company. The trade, announced on March 16, marks a milestone for institutional cryptocurrency derivatives and highlights growing interest in regulated digital asset products beyond Bitcoin and…

2 days ago0Comments

ByDaniel Nwokolo

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Turkey’s Capital Markets Board Unveils New Regulations for Crypto Service Providers in 2025

The Capital Markets Board (CMB) of Turkey has enacted two new communiqués establishing regulatory frameworks for crypto asset service providers. These regulations, published in the Official Gazette on March 13, outline operational, financial, and governance requirements for firms operating in the cryptocurrency sector. The communiqués, part of the broader amendments introduced under the "Law on…

March 13, 20250Comments

ByDaniel Nwokolo

coinbase derivatives bitcoin and ethereum

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Coinbase Set to Introduce 24/7 Trading and Perpetual Futures for US Market

Coinbase Derivatives, LLC, a CFTC-regulated futures exchange, is set to introduce 24/7 Bitcoin and Ethereum futures trading in the United States, marking a significant shift in market accessibility. The move, announced on March 10, aligns US trading hours with the round-the-clock nature of global crypto markets, addressing long-standing limitations faced by domestic traders. Additionally, the…

March 10, 20250Comments

ByDaniel Nwokolo

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SEC Continues Case-Dropping Spree: Dismisses Lawsuit Against Cumberland DRW

The U.S. Securities and Exchange Commission (SEC) has moved to dismiss its lawsuit against Cumberland DRW, a Chicago-based trading firm, over allegations of operating as an unregistered dealer in the crypto asset market. The dismissal, agreed upon in principle on February 20, 2025, is currently pending Commission approval. "Today we signed a joint filing to…

March 5, 20250Comments

ByDaniel Nwokolo

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Sygnum Integrates With Deribit to Enhance Secure Crypto Derivatives Trading

Sygnum, a regulated digital asset banking group, has expanded its off-exchange custody platform, Sygnum Protect, to include Deribit, the world’s largest crypto derivatives exchange. Notably, the integration allows institutional traders to access Deribit’s liquidity while maintaining custody of their assets in a regulated banking environment. The move, announced on March 5, aims to mitigate counterparty…

March 5, 20250Comments

ByDaniel Nwokolo

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Crypto Losses Surge to $1.5B in February, Driven by Bybit Hack: CertiK Alert

February 2025 saw one of the worst months for cryptocurrency security breaches, with approximately $1.5 billion lost to exploits, hacks, and scams, according to blockchain security firm CertiK. Notably, the most significant incident was the Bybit exchange breach, marking the largest recorded exploit since the 2022 Ronin Bridge hack, which was linked to the North…

March 3, 20250Comments

ByDaniel Nwokolo

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Metaplanet Expands Bitcoin Holdings to 2,391 BTC with $13.4 Million Acquisition

Metaplanet, a Japanese investment firm, has added 156 bitcoin (BTC) to its holdings, spending approximately $13.4 million at an average price of $85,890 per BTC. The announcement was made on March 3, 2025, by CEO Simon Gerovich via X. "Metaplanet has acquired 156 BTC for ~$13.4 million at ~$85,890 per bitcoin and has achieved BTC…

March 3, 20250Comments

ByDaniel Nwokolo

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Bybit CEO Launches Lazarus Bounty Platform to Track and Freeze Sanctioned Funds

Bybit co-founder and CEO Ben Zhou has announced the launch of Lazarus Bounty, an initiative aimed at tracking and freezing funds linked to the North Korean hacker group Lazarus after its $1.5B attack on the exchange company. Notably, the Lazarus bounty platform introduces a transparent and community-driven approach to combating cryptocurrency-related money laundering. For context,…

February 25, 20250Comments

ByDaniel Nwokolo

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Infini Neobank Suffers $49.5M Exploit Amidst Ongoing Crypto Security Concerns

Hong Kong-based stablecoin bank [Neobank] Infini experienced a major security breach on February 23 resulting in the theft of $49.5 million in USD Coin (USDC). The attack comes just days after the $1.4 billion hack of cryptocurrency exchange Bybit. Hacker Exploits Private Key to Drain Funds According to blockchain security firm PeckShield, the attacker gained…

February 24, 20250Comments

ByDaniel Nwokolo

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Bybit Closes $1.5B ETH Hack Gap

Bybit has fully restored its Ethereum (ETH) reserves after a devastating $1.5 billion hack on February 21, according to CEO Ben Zhou. Notably, the exchange plans to release an audited proof-of-reserve (PoR) report to confirm that client assets are once again held at a 1:1 ratio using a Merkle tree verification system. Latest Update: Bybit…

February 24, 20250Comments

ByDaniel Nwokolo