According to South Korea’s Maeil Business Newspaper, crypto exchange Bybit is pursuing the acquisition of Korbit, the country’s fourth-largest exchange. Sources said Bybit recently met with Korbit’s management to begin the acquisition process. Korbit is currently 60.5% owned by NXC (parent company of Nexon) and 31.5% by SK Planet, with Bybit reportedly considering starting the deal by purchasing SK’s stake before acquiring full ownership.https://t.co/2GQJsMAJgJ ...

Finland plans to implement its domestic Crypto-Asset Reporting Framework (CARF) starting in 2026, becoming one of the first EU countries to move ahead despite delays elsewhere. The OECD-led standards will require crypto exchanges to begin data collection in 2026, with global information exchange across over 50 countries expected by 2027. https://t.co/RA8iIfigOo ...

🚀 Big news for all LBankers!We’ve been ranked as a Top 8 Crypto Exchange by @BTCTN News this November! 🎉With $5B+ daily volume, 930+ token listings, and our role as the ultimate memecoin discovery hub powered by EDGE and innovation, we’re just getting started 🌍🔥👉 Read more: https://t.co/STWq2hLxft#Crypto #Exchanges #LBank ...

The crypto market is stuck in a highly volatile zone that’s been negatively affecting not only small-cap tokens but also the leading assets. The market-wide volatility triggered a flash crash as the global crypto market cap dropped by another 2%, reaching $3.39 trillion, according to CoinMarketCap data. Moreover, the total value lost from the digital assets market reached $840 billion over the past 30 days. Consequently, the selloff brought $1.73 billion in liquidations ($1.32 billion belongs to long posi ...

Gemini, the crypto exchange founded by billionaires Tyler and Cameron Winklevoss, is preparing to offer prediction market contracts, according to sources https://t.co/xMZhziKaDK ...

The founder of collapsed Turkish crypto exchange Thodex, who died in prison, appears to have killed himself after becoming increasingly isolated, his lawyer said https://t.co/LJqB1B7tj7 ...

Core Insights - Creditors of the defunct FTX exchange may only recover between 9% to 46% of their original losses due to the significant rise in digital asset prices since the exchange's collapse [1][2] - The disparity between court-approved dollar settlements and current market prices of cryptocurrencies, such as Bitcoin, has negatively impacted the recovery for creditors [2][3] Recovery Estimates - Bitcoin's value has surged from approximately $16,871 at the time of bankruptcy to over $110,000, resulting in a 143% cash recovery translating to only about 22% of the equivalent Bitcoin amount [3] - Ethereum's rebound to around $4,000 reduces the real recovery to 46%, while Solana's increase to approximately $200 cuts creditor value to about 12% [3] Creditor Community Reactions - The recalculation of recovery estimates has sparked debate among creditors, with many arguing that FTX's decision to convert claims into US dollars locked in losses at the market's lowest point [4] - Some creditors express frustration that they are being repaid less than the current value of the crypto they were originally owed due to the delay in repayments [5][6] Legal and Operational Context - Sam Bankman-Fried, the founder of FTX, has claimed that the company was never truly insolvent and suggested that earlier repayments could have allowed customers to repurchase their coins before prices surged [5] - The FTX estate has defended the conversion of claims to US dollars as a necessary action under U.S. bankruptcy law, which values claims as of the filing date to simplify the distribution process [6]

Core Viewpoint - Amazon's strong quarterly profit report significantly boosted the U.S. stock market, leading to a winning week and month for major indices [1][2]. Group 1: Amazon's Performance - Amazon's stock surged by 9.6% after reporting a profit that exceeded analysts' expectations, with CEO Andy Jassy noting accelerated growth in its cloud-computing business [2]. - The company's market capitalization of approximately $2.4 trillion means its stock movements have a substantial impact on the S&P 500, which would have declined without Amazon's performance [2]. Group 2: Other Influential Stocks - Apple, valued at over $4 trillion, had a less pronounced effect on the market, finishing down 0.4% despite reporting better-than-expected profits [3][4]. - Reddit's stock increased by 7.5% after also reporting stronger profit and revenue than anticipated [4]. - Coinbase Global's stock rose by 4.6% following a profit report that topped expectations [5]. Group 3: Market Trends and Expectations - Netflix announced a 10-for-1 stock split, which could make its shares more affordable while maintaining the same total value for investors, leading to a 2.7% increase in its stock price [5]. - AbbVie experienced a 4.5% decline despite reporting stronger-than-expected profits, as analysts noted that its profit growth was not as robust as before [6]. - There is increasing pressure on companies to deliver significant profit growth to justify the high valuations seen in the stock market since April [7].

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Coinbase Global (COIN) on Thursday posted higher-than-expected profit and revenue for the third quarter, as crypto markets boosted revenue and trading activity during the period. In its third quarter, net revenue at the crypto exchange tallied $1.79 billion, up from $1.13 billion in the same quarter last year. Its trading volume during the quarter totaled $295 billion, up from $185 billion last year. Profits totaled $433 million, or $1.50 per share, up from $75.5 million in the same quarter last year. Th ...