Core Insights - HashKey Holdings Limited has successfully cleared a significant regulatory hurdle by passing the Hong Kong Stock Exchange's listing hearing, bringing the company closer to an initial public offering [3][4][9] - The company plans to utilize the proceeds from the IPO for technology upgrades, product development, security enhancements, and overseas expansion, although it has not disclosed the offering size or timing [5][9] - Despite narrowing losses, HashKey continues to operate at a loss as it invests heavily in compliance and scaling its operations in a regulated market [6][7][9] Company Details - HashKey is the operator of Hong Kong's largest licensed crypto exchange and holds a coveted license to run a virtual asset trading platform, supporting 80 tokens as of the end of September [6] - In the first half of 2025, HashKey reported a net loss of HK$506.7 million (approximately $65 million), which is an improvement from a net loss of HK$772.6 million (approximately $99.2 million) in the previous year [7] - The company has named JPMorgan and Guotai Junan Securities as sponsors for its IPO transaction [6] Market Context - If the IPO is completed, HashKey will join local competitor OSL as a publicly listed crypto exchange operator [8]

Core Insights - The landscape for day trading in cryptocurrency is evolving, with a focus on speed, security, and advanced trading tools becoming increasingly important for traders in 2025 [1][2] Group 1: Key Features of Top Crypto Exchanges - Speed and execution are critical, with traders seeking platforms that offer instant trades and tight spreads [1][2] - Security and regulatory compliance are paramount, as traders need to trust the platforms they use [1][2] - A variety of trading options, including spot, futures, and margin trading, are essential for meeting diverse trading strategies [3][4] Group 2: Overview of Leading Exchanges - Binance, founded in 2017, is recognized for its high trading volume and liquidity, offering low fees of around 0.10% for both makers and takers [6][7] - MEXC, established in 2018, is noted for its extremely low fees, with spot maker fees at 0% and taker fees at approximately 0.05%, alongside a wide range of trading pairs [10][11] - Bybit, launched in 2018, is known for its competitive fees in derivatives trading, with maker fees as low as 0.02% and taker fees around 0.055% [15][16] - OKX, operating since 2013, offers a comprehensive suite of trading options and competitive tiered fees, making it a strong choice for derivatives trading [22] - Crypto.com, started in 2016, provides an integrated app for trading and earning, with a focus on user experience and liquidity [27][28] Group 3: Trading Strategies and Tools - Day trading strategies such as scalping, momentum trading, and breakout trading are commonly employed to capitalize on short-term price movements [85][86][87] - Advanced trading tools, including trading bots, APIs, and various order types, enhance the trading experience and efficiency [102][103] - Liquidity is a crucial factor, as it allows traders to enter and exit positions quickly without significant price impact [60][69] Group 4: Considerations for Choosing Exchanges - User interface and trading experience are vital, with a preference for platforms that offer intuitive navigation and customizable features [73][74] - Reputation and security measures, such as two-factor authentication and cold storage, are essential for protecting traders' assets [75][76] - Understanding trading fees and withdrawal costs is important, as these can significantly affect profitability [77][78]

RT India Blockchain Week (IBW) Conference | 2-3 Dec (@IBWofficial)We’re excited to have @Bybit_Official join the #IBW2025 Conference as a Gold Sponsor.As one of the world’s leading crypto exchanges, Bybit continues to back India’s web3 growth story empowering builders, founders, and investors who are shaping the future.Drop by the booth for a chat on partnerships or just come say hi! ...

Core Insights - A new Binance listing can significantly impact small or mid-cap tokens by increasing trading volume, user engagement, and overall attention [1] - As December 2025 approaches, certain altcoins are showing promising charts and signs of potential exchange upgrades [1] Irys (IRYS) - Irys (IRYS) is a layer-1 data chain that is less than two days old in the centralized exchange (CEX) market and is being considered for a new Binance listing [2] - It is already listed on Coinbase, which adds credibility, and Binance has launched the IRYS/USDT perpetual contract with 20x leverage, increasing the likelihood of a full listing [2] - The market reacted quickly, with IRYS jumping nearly 80% in the past 24 hours and gaining about 131% from post-listing lows, currently trading above the Volume Weighted Average Price (VWAP) [3] MYX Finance (MYX) - MYX Finance (MYX) is a decentralized exchange (DEX) project and a strong candidate for a new Binance listing, with a market cap of approximately $571 million [6] - It has maintained a significant portion of its listing gains despite a 5.7% decline over the past month and is up more than 115% over the last three months [6] - The daily chart indicates MYX is within an ascending channel, and a price push above $3.05 could lead to further upward movement [7]

Group 1 - The rivalry between traditional stock exchanges and emerging crypto trading exchanges has intensified, particularly with the SEC easing rules for crypto platforms [1][2] - A significant number of traders are increasingly opting for crypto exchanges due to their global access, despite the long-standing operations of stock exchanges [1] - The SEC under Chair Paul Atkins is perceived to be more favorable towards crypto offerings compared to the previous administration, prompting stock exchanges to express their concerns [2][5] Group 2 - Tokenized stocks are digital representations of traditional company stocks, allowing investors to gain exposure without owning real shares [3] - Unlike traditional stocks, tokenized stocks can be traded 24/7 and offer fractional ownership, appealing to a broader range of investors [4] - The SEC is considering a framework for time-limited exemptive relief for crypto exchanges offering tokenized stocks, indicating a shift towards regulatory recognition [5][6] Group 3 - Stock exchanges, including members of the World Federation of Exchanges like Nasdaq, Cboe, and CME Group, have protested against the developments, citing potential harm to investor interests [7][8]

Core Insights - Upbit, South Korea's largest crypto exchange, was hacked for $36 million shortly after Naver Financial's $10 billion acquisition of Dunamu, its operator [1][3] - Naver Financial's acquisition involves a $10.3 billion stock-swap deal, allowing it to acquire all of Dunamu's equity without cash payment [3] - The merger is projected to elevate Naver's fintech arm to a market value of $13.6 billion [4] Incident Details - Upbit confirmed an unauthorized withdrawal of Solana-based cryptocurrencies, including stablecoins, and has paused deposits and withdrawals [1][2] - Upbit will cover the entire amount lost in the hack from its own holdings, as stated by Dunamu's CEO [1] Industry Context - The hack at Upbit contributes to a record-setting year for crypto hacks, with total losses exceeding $2.4 billion, including a significant $1.5 billion hack of Bybit in February [5] - Established DeFi protocols, such as Balancer, have also faced security breaches, highlighting ongoing vulnerabilities in the crypto space [6]

Market Overview - Crypto trading activity has slowed down significantly, with daily spot trading volume dropping from nearly $100 billion on November 4 to around $65 billion, indicating reduced participation and cautious sentiment among traders [1] - The perpetual futures market has also seen a decline, with trading volumes decreasing from approximately $360 billion on October 10 to about $170 billion, reflecting lower risk appetite as traders reduce leverage [2] Binance's Market Position - Binance continues to dominate global trading activity, recording $25 billion in spot volume and $62 billion in perpetual futures volume over the past 24 hours, solidifying its position as the largest trading venue in the industry [3] - In comparison, other exchanges like Crypto.com and OKX are significantly smaller, with Crypto.com posting $4.6 billion in spot market activity and OKX processing $36 billion in futures volume, which is less than two-thirds of Binance's total [4] Stablecoin Accumulation - Despite the contraction in trading volumes, there has been a surge in stablecoin reserves, with combined USDT and USDC balances on Binance reaching a record $51.1 billion on November 15, indicating a defensive positioning among investors [5] - OKX has also experienced strong inflows, with stablecoin reserves nearing $10 billion, reflecting a broader trend of rotation into dollar-pegged assets as traders hedge against volatility [6] Inflows and Selling Pressure - The inflow of Bitcoin and Ethereum into exchanges has increased sharply, with total inflows reaching $40 billion in the last week, indicating heightened selling pressure during the market correction [7] - Binance captured the largest share of these inflows, receiving $15 billion, while Coinbase recorded $11 billion, and other exchanges collectively absorbed around $14 billion, reinforcing the trend of consolidation towards top-tier venues [8] Altcoin Activity - Despite the overall market weakness, altcoin deposits remain elevated, with daily deposits peaking at 77,000 on October 16, led by Coinbase and Binance [9]

Group 1 - Argus Research has downgraded Coinbase Global's rating from Buy to Hold due to crypto-market volatility [4] - The downgrade is also attributed to an increase in expenses and a high valuation of the company [4] - Despite the downgrade, Coinbase delivered impressive results in its recent performance [4]

Given the ongoing volatility in the crypto world, Japan has prepared new regulations to protect investors. On 25 November 2025, Japan’s Financial Services Agency (FSA) revealed that it is implementing a new rule requiring crypto exchanges to maintain dedicated liability reserves. This fund will compensate users in the event of hacks, operational failures, or any such security incidents. Notably, the mandatory reserve requirements for the crypto exchanges will be based on trading volume and risk. According ...

Japan's FSA to Require Crypto Exchanges Hold Liability Reserves for Losses Relating to Hacks► https://t.co/ULqevgDFIr https://t.co/ULqevgDFIr ...