RT VECTOR (@VECTORDOTFUN)We’re excited to share that we’ll be joining @coinbase!We built Vector with 1 mission: to create the best onchain trading platform.We launched at the end of 2024, and the app took off.Now, with the reach of Coinbase, we’re taking that mission to a global scale—100x bigger. ...

Core Insights - The sharp decline in Bitcoin's value over the past month is attributed to investors deleveraging their cryptocurrency holdings and exhibiting risk aversion [1] Group 1 - Binance's Chief Executive Richard Teng provided insights on the market dynamics affecting Bitcoin [1]

end up like this 🤣 https://t.co/YbRNiwXcpDPoloniex Exchange (@Poloniex):next move 😆 https://t.co/nCT2oHuS5U ...

Core Insights - Bullish reported a net income of $18.5 million for Q3, marking a return to profitability from a loss in the previous year, driven by the expansion into US spot trading and crypto options [1] - The company generated $76.5 million in adjusted revenue for the period ending September 30, compared to $44.6 million in Q3 2024 [1] - Adjusted EBITDA increased to $28.6 million from $7.7 million in the prior-year period [1] Spot Trading and Options Volumes - Bullish launched its crypto options offering with 14 trading partners, achieving over $1 billion in volume within the quarter [2] - The company began spot trading operations in the US in September, following regulatory approval from the New York State Department of Financial Services [2] - Spot trading volume in Q4 has risen 77% compared to the Q3 average [3] Investor Sentiment - The earnings report coincided with significant accumulation by major investors, including Ark Invest, which purchased nearly $10 million worth of Bullish shares shortly before the earnings release [4] - Ark Invest has increased its position in Bullish, accumulating approximately $172 million in shares since the company's public listing in August [4] Diversified Revenue Streams - Bullish reported growth in its non-transactional businesses, with the Subscription, Services, and Other (SS&O) segment generating record revenue, more than doubling in Q3 compared to Q2 [5] - The company projects SS&O revenue between $47 million and $53 million for Q4 2025, with adjusted operating expenses expected to range from $48 million to $50 million for the same period [5] Financial Position - Bullish ended the quarter with $3.48 billion in net liquid assets, excluding customer funds and borrowings [6]

Kraken. Photo by BeInCrypto Kraken closed an $800 million funding round on Tuesday with a $200 million investment from Citadel Securities, valuing the crypto exchange at $20 billion. This marks one of crypto’s largest capital raises and underscores tightening links between digital asset platforms and traditional finance leaders. This substantial funding fuels Kraken’s expansion and product growth across trading, payments, and tokenized assets, showcasing Wall Street's increased trust in regulated crypto i ...

🚨JUST IN: @PUDGYPENGUINS $PENGU TOKEN LAUNCHES ON @BITKUBOFFICIAL, THAILAND'S LARGEST CRYPTOCURRENCY EXCHANGE ...

Core Insights - Crypto traders are accumulating stablecoins in anticipation of favorable market conditions, with Binance's reserves reaching an all-time high of $73.9 billion on November 13, indicating a significant buildup of capital on centralized exchanges [1][3][7] Group 1: Market Conditions - The crypto market has experienced sustained losses, leading to a notable increase in centralized exchange (CEX) stablecoin reserves as traders pivot from cryptocurrencies to dollar-based assets [1][3] - The total value of ERC-20 stablecoins held on exchanges rose from approximately $63 billion at the end of September to $73.9 billion by mid-November, reflecting a continuous accumulation trend [3] Group 2: Trading Sentiment - Analysts are monitoring the 30-day change in ERC-20 stablecoin reserves on Binance, which peaked at nearly $9 billion on November 5, suggesting a strong accumulation of Ethereum-based USDT by users [5][6] - The increase in Binance's stablecoin reserves is seen as a potential indicator of upcoming market movements, with analysts noting that such spikes have historically preceded significant trading activity [6]

Core Insights - Mt. Gox transferred 10,608 BTC valued at approximately $953 million on November 18, marking the first significant movement from the exchange since March 2025 [1][2] - The transfer occurred shortly after the announcement of an extended repayment timeline for creditors, raising questions about its purpose [3][4] Transfer Details - The transaction was divided into two parts: 10,422.64 BTC moved to an unmarked address, and 185.52 BTC was sent to a Mt. Gox hot wallet before being routed to a wallet associated with Kraken [1][2] - The receiving wallet for the 10,422 BTC is still holding the assets, indicating no immediate sale has occurred [2] Repayment Timeline - The repayment deadline for creditors has been extended to October 31, 2026, due to incomplete creditor procedures [3] - Many creditors have not yet received repayments because of unfinished paperwork [3] Current Holdings and Historical Context - Mt. Gox currently holds approximately 34,689 BTC valued at $3.14 billion, down from an original 142,000 BTC [5] - The exchange collapsed in 2014 after losing around 850,000 BTC in a security breach, and it once handled over 70% of global Bitcoin trades [5] Creditor Payments - Over 19,500 creditors have received Bitcoin and Bitcoin Cash payments through March 2025 [6] - Since repayments began in July 2024, approximately 107,311 BTC have been distributed to creditors [5] Market Response - Analysts suggest the recent transfer may be routine wallet reshuffling rather than preparation for sales, especially in light of the repayment delay [7] - Transfers to exchanges by large Bitcoin holders can indicate potential selling activity, but do not guarantee immediate sales [7]

LATEST: ⚡ The parent company of South Korean exchange Upbit reported a 300% year-over-year increase in net profit in Q3, from $40 million to $165 million, attributing the improved performance to rising trading activity. https://t.co/ndFeV3jBxk ...

Core Insights - Bitget, the world's largest universal exchange (UEX), has launched a limited-time migration package to enhance the efficiency of clients transitioning to yield strategies due to significant demand from VIP clients [2] - The migration package includes various early advantages such as airdrop rewards of up to 1,600 BGB, 100% interest coupons, rebates of up to 80 USDT, and free access to the BG Explorer package [2] - Bitget's CEO, Gracy Chen, noted a clear shift among clients from mere asset accumulation to proactive capital allocation, focusing on selecting product combinations for optimal positioning in future liquidity phases [2] Company Overview - Founded in 2018, Bitget serves over 120 million users, offering trading channels for millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets [3] - The ecosystem aims to facilitate smarter trading through AI-powered tools, broader access to real-world assets, and interoperability among various blockchain tokens [3] - Bitget Wallet is a leading non-custodial cryptocurrency wallet supporting over 130 blockchains and millions of tokens, enabling multi-chain trading, staking, and payments [3] Strategic Partnerships - Bitget is the official cryptocurrency partner of La Liga in East Asia, Southeast Asia, and Latin America, enhancing its global influence [4] - The company collaborates with UNICEF to provide blockchain education support to 1.1 million people by 2027 [4] - Bitget is also the exclusive cryptocurrency exchange partner for MotoGP™, one of the most exciting motorcycle racing championships in the world [4]