Gemini Space Station, the cryptocurrency exchange launched in 2014 by Cameron and Tyler Winklevoss, filed for its initial public offering after submitting a confidential filing in June https://t.co/zzKsxjBqU7 ...

Core Insights - The cryptocurrency market is experiencing complexity due to multiple factors, including a suspected hacking incident at the Turkish exchange BtcTurk, which resulted in approximately $48 million in abnormal asset transfers [1][3][5] - The incident has raised concerns about the security of centralized exchanges and has shifted market focus towards decentralized trading models [1][5] Market Performance - Despite the security incident, Ethereum's price in RMB showed resilience, reported at ¥34,926.50, up 3.4% from the previous day, with a 24-hour trading volume exceeding ¥325 billion and a market cap stable around ¥4.2 trillion [3][7] - Ethereum's market share remains at 11.4%, with technical indicators suggesting a bullish trend as the MACD shows a golden cross and increasing volume [3][7] Decentralized Exchange Advantages - The core issue of the BtcTurk incident lies in the centralized exchange's asset custody model, which poses significant risks to user assets if security is breached [5][7] - XBIT, a decentralized exchange, mitigates these risks through a "self-custody" mechanism where users control their private keys, preventing the platform from accessing or misusing funds [5][7] - XBIT's platform has seen a 26% increase in new user registrations and a retention rate of 68%, indicating a shift towards decentralized platforms amid security concerns [7] User Behavior and Market Trends - Following the security incident, there has been a notable increase in activity within the decentralized exchange sector, with XBIT outperforming industry averages in Ethereum trading [7] - The long positions on XBIT have increased to 59.6%, up 8.2 percentage points from before the incident, reflecting heightened investor interest in decentralized channels [7] - Cross-chain trading on XBIT has also risen by 17%, as users optimize asset allocation to reduce risks associated with single blockchain exposure [7] Institutional Involvement - Institutional funds have been entering the Ethereum market, with a record net inflow of $1.02 billion into nine Ethereum ETFs on August 11, providing strong support for Ethereum's price [7] - XBIT has benefited from this trend, with a 19% increase in trading activity for Ethereum-related derivatives, indicating a growing demand for decentralized trading options among both institutional and retail investors [7]

Nearly $50 million in crypto mysteriously left BtcTurk's wallets on Thursday—one year after the Turkish exchange was previously hacked. https://t.co/MVGAKXATmx ...

Security Breach - BtcTurk, Turkey's second-largest cryptocurrency exchange, experienced a security breach [1] - Over $48 million in assets were stolen from BtcTurk [1] - The attacker has completed the transfer and begun exchanging the assets [1] - BtcTurk has suspended cryptocurrency deposits and withdrawals [1]

Security Incident - Crypto exchange BTCTurk 可能遭遇黑客攻击 [1] - 价值 48 million 美元的加密货币从该土耳其交易所的钱包中被转移 [1]

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% ...