Crypto exchange and company news
Bithumb Automatically Enrolls Users in Staking When Buying Crypto
Why it matters: Complaints about pre-checked consent could lead to changes in exchange staking practices and tighter regulation in Korea.
Pump.fun: foundation treasury near $2B, team aged 25, plans for own stablecoin
Why it matters: With $2 billion in capital, Pump.fun could move into stablecoins and M&A, intensifying competition among memecoin platforms and exchanges.
Crypto venture investment reaches $294M in September
Why it matters: Slowing venture funding signals reduced risk appetite in the crypto industry.
Upbit weekly trading volume rises to $800 million, XRP overtakes BTC
Why it matters: This shows that demand for XRP in Korea is consistently higher than for BTC, and local volumes can diverge from global ones.
Upbit: weekly trading volume $8 billion, XRP overtakes bitcoin
Why it matters: Demand for XRP/KRW on the Asian exchange supports the price and reduces volatility outside dollar order books.
Hana Securities and Upbit Global sign digital asset MOU
Why it matters: A major traditional broker is entering Korea's crypto infrastructure, which could accelerate institutionalization and asset tokenization in the region.
OKX launches unified order book for global traders
Why it matters: A unified order book could boost liquidity and reshape competition among exchanges if the model takes hold.
Strategy buys 4,603 BTC and sells 6,916 BTC over the year
Why it matters: Strategy is combining BTC accumulation with sales to fund dividends and interest, highlighting the risks of its debt model for MSTR holders.
Upbit to delist JASMY, Cronos to reveal roadmap and tokenomics
Why it matters: A delisting on a major Korean exchange weighs on JASMY's price, while Cronos' plans matter for CRO holders.
Caroline Ellison joins charity Manifund after FTX prison term
Why it matters: A reminder of the FTX case and the debate over a "second chance" for its figures, which keeps interest in crypto company reputations alive.
Nu launches US digital bank with deposits convertible to USDC and EURC
Why it matters: A major digital bank is embedding stablecoins into ordinary deposit products, intensifying competition with traditional banks.
Coinbase Wallet launches Pulse Mode for mobile futures trading
Why it matters: Retail demand for leveraged trading is growing, and Coinbase is testing appetite for derivatives inside a non-custodial wallet.
Coinbase to support stablecoin infrastructure for 1000+ banks via Moov
Why it matters: Integrating stablecoins into traditional banks could accelerate mass adoption, but the real impact depends on disclosure of the terms.
Coinbase and Moov to give banks access to stablecoin payments
Why it matters: Banks will be able to retain clients in stablecoin payments, but control over economics and risks remains uncertain.
Revolut expands crypto strategy with EURR stablecoin, Revolut X and payments
Why it matters: A major fintech with millions of clients is moving into stablecoins and trading, intensifying competition in payments and increasing pressure on banks.
Robinhood: August crypto trading volume rises to $17.5 billion
Robinhood's notional crypto trading volume in August was $17.5 billion, up 61% from July but down 38% from August last year. Bitstamp accounted for $10.1 billion, while the app accounted for $7.4 billion. HOOD shares fell 0.83% amid the news.
DeFi Development launches sale of 30 million shares to buy Solana
DeFi Development Corp. launched an ATM program to sell up to 30 million CHAD shares. Proceeds will be used to buy Solana (SOL) and bolster its treasury.
Crypto platform Cascade announces self-liquidation
Cascade, formerly Perennial, is shutting down after five years. Clients must withdraw funds themselves through the Equilibria portal. In 2025 the platform raised $15 million from Polychain Capital, Variant and Coinbase Ventures. A July hack of $1.3 million in USDC worsened the situation.