Shares of Bullish, a cryptocurrency exchange backed by Peter Thiel, soared in their debut on the New York Stock Exchange Wednesday. https://t.co/Zq2Vdtyumf ...

Financial Performance - Bithumb's revenue reached KRW 329.164 billion (approximately $239 million), a 35% year-on-year increase [1] - Bithumb's operating profit was KRW 90.124 billion, a 5.7% year-on-year decrease [1] - Bithumb's net profit was KRW 55.040 billion, a 46.5% year-on-year decrease [1]

Market Position - MEXC ranks as the second largest centralized crypto exchange by market share [1] - MEXC's market share is 86%, placing it behind Binance's 398% [1] - The top 10 centralized crypto exchanges are listed by market share, including Gate, Bitget, Bybit, Upbit, OKX, HTX Global, Coinbase, and CryptoCom [1] Competitive Landscape - Binance leads the market with a 398% market share [1] - Gate follows MEXC with a 78% market share [1] - Bitget has a 76% market share [1] - Bybit holds a 72% market share [1] - Upbit's market share is 63% [1] - OKX's market share is 60% [1] - HTX Global and Coinbase both have a 58% market share [1] - CryptoCom's market share is 51% [1]

Market Share - Binance remained the largest centralized exchange (CEX) in July 2025 with a market share of 38.9% [1] Trading Volume - Binance's spot trading volume surged to $698.3 billion in July 2025 [1] - The spot trading volume represents a 61.4% increase from June [1]

Top 10 Centralized Crypto Exchanges by Market Share1. @binance - 39.8%2. @MEXC_Official - 8.6%3. @Gate - 7.8%4. @bitgetglobal - 7.6%5. @Bybit_Official - 7.2%6. @Official_Upbit - 6.3%7. @okx - 6.0%8. @HTX_Global - 5.8%9. @coinbase - 5.8%10. @cryptocom - 5.1% ...

The Peter Tailback cryptocurrency exchange, Bullish, makes its public market debut on the New York Stock Exchange today. The company raising more than $1 billion in what's become a superersized offering with a market value north of $5 billion. CNBC.com crypto reporter Tana McKiel joins us now with much more. Good morning. Good morning, Frank.Yeah, so that $1 billion is up from the 990 million we were looking at yesterday. Um, they are offering 30 million shares, pricing their IPO at $37 per share. And that ...

Upbit, the largest cryptocurrency exchange in South Korea, will launch trading pairs for CYBER/KRW and CYBER/USDT. CYBER is a project dedicated to Web3 decentralized social networking infrastructure. https://t.co/bki9xRUhxh ...

Group 1: Economic Policy Insights - US Treasury Secretary Bessent's explanation of the Trump administration's economic policy provides a clear perspective on policy direction, likening it to a "three-legged stool" with tax, trade, and deregulation as key pillars [1] - The rapid advancement and enactment of the "Big and Beautiful Act" highlight the positive support of tax policy for corporate development [1] - Bessent expresses optimism about resolving trade issues by the end of October, indicating a search for a new balance in US trade policy [1] Group 2: Stablecoin Market Dynamics - The stablecoin market has reached a total value exceeding $270 billion, marking a historical high, reflecting the increasing activity and attractiveness of the crypto ecosystem [3] - XBIT decentralized exchange platform has seen a nearly 20% increase in user activity due to the rising trading volume of stablecoins [3] - Stablecoins serve as a crucial link between the cryptocurrency market and traditional financial systems, with their expansion indicating a growing demand for stable assets [3][8] Group 3: XBIT Platform Advantages - XBIT's no KYC requirement lowers registration barriers, allowing users to participate in trading more quickly, whether they are beginners or experienced investors [4] - The platform's features of no restrictions and self-custody of private keys enhance user confidence in managing digital assets [4] - XBIT's focus on decentralized trading through smart contracts positions it well to leverage the benefits of a relaxed regulatory environment [8][9] Group 4: Market Trends and User Behavior - The cryptocurrency market is experiencing price differentiation, with Bitcoin rising by 2.1% while Ethereum fell by 0.4%, influenced by various factors including market expectations and technological advancements [6] - Increased frequency of Bitcoin and stablecoin exchanges on the XBIT platform indicates a growing preference for safe-haven assets among users [6] - The interplay between US fiscal policy and stablecoin performance is becoming a focal point, suggesting a complex relationship as both evolve [9]

Core Insights - Ethereum (ETH) price has surged past $4,300, marking a historical high since late 2021, with a monthly increase of over 43% [1] - The price surge reflects a combination of macroeconomic factors, regulatory shifts, and changes in institutional investor behavior [1] Economic Environment - The expectation of interest rate cuts by the Federal Reserve, coupled with weak U.S. economic data, has led to a decline in the U.S. dollar index, which has positively impacted risk assets, including cryptocurrencies [3] - Historical data shows that when the dollar index drops more than 3%, Ethereum's average monthly increase ranges from 28% to 35% [3] - Central banks' shift towards dovish policies has initiated a new cycle of "loose trading," prompting investors to favor assets with anti-inflation properties, such as Ethereum [3] Regulatory Developments - The SEC's recent ruling that liquid staking services do not constitute securities has removed significant regulatory uncertainty for Ethereum's staking ecosystem, leading to increased institutional interest [4] - The SEC's indication that stablecoins with redemption guarantees may be reclassified as cash equivalents could simplify corporate balance sheet processes and promote stablecoin usage in cross-border and supply chain finance [4] - New policies allowing 401(k) retirement plans to invest in cryptocurrencies and prohibiting banks from denying services to crypto firms further enhance Ethereum's application scenarios [4] Market Dynamics - Over the past three months, more than 2.5 million ETH (approximately $10.5 billion) have flowed out of centralized exchanges, reducing exchange balances to their lowest levels since 2018, which stabilizes prices [6] - The amount of ETH in staking contracts has surpassed 30 million (about 25% of total supply), locking in long-term liquidity [6] - Ethereum ETFs saw a net inflow of $5 billion this month, with on-chain trading volume reaching a historical record of $238 billion in July [6] Technological Advancements - Ethereum maintains a dominant position in DeFi, NFTs, and Web3 infrastructure, supported by a robust developer community and ongoing improvements in scalability [7] - Daily transaction volume on the Ethereum network exceeds 12 million, with gas fee revenue consistently leading among public chains [7] - The integration of Ethereum with AI technologies is enhancing its role as a cornerstone of U.S. economic innovation and growth [7] Future Outlook - Despite facing technical resistance at the $4,400 level, Ethereum is positioned with multiple catalysts for growth, potentially reaching the $5,000-$5,500 range by year-end if the Fed cuts rates and the regulatory environment remains favorable [9] - The XBIT decentralized exchange is attracting active traders through automated market-making mechanisms and liquidity mining incentives, supporting seamless transactions across major ERC-20 tokens and other blockchains [9]

Core Insights - Bitget's protection fund reached a historic high of $779.7 million as of July 22, 2025, demonstrating the company's strong commitment to user asset security [2] - The fund's valuation fluctuated between a low of $686.5 million on July 1 and a high mid-month, with a monthly average of approximately $746 million [2] - The fund's valuation is closely correlated with Bitcoin price movements, which ranged from $105,600 to $119,956 during July [4] - As of July 31, the fund's size was $752 million, maintaining strength despite a decline in Bitcoin prices [4] - Bitget established the protection fund in 2022 with an initial commitment of $300 million, consistently exceeding this benchmark even during market volatility [4] - The company emphasizes security as a core strategy, ensuring a reserve ratio of at least 1:1 for user assets through monthly proof of reserves reports [5] - Bitget's CEO highlighted the fund's size as a testament to the company's commitment to user asset protection and long-term stability [5] Company Overview - Bitget, founded in 2018, is a leading cryptocurrency exchange and Web3 company serving over 120 million users across more than 150 countries [6] - The platform offers innovative copy trading features and real-time cryptocurrency price information, including Bitcoin and Ethereum [6] - Bitget Wallet, formerly known as BitKeep, supports over 130 blockchains and millions of tokens, facilitating multi-chain transactions and staking [6] - The company has strategic partnerships to promote cryptocurrency, including being the official crypto partner of La Liga in East Asia, Southeast Asia, and Latin America [6] - Bitget collaborates with UNICEF to provide blockchain education support to 1.1 million people by 2027 [7] - The company is also the exclusive cryptocurrency exchange partner for MotoGP™, enhancing its global influence [7]