BitMart, once a top 10 crypto exchange, announced it is winding down operations due to years of declining market share and liquidity, worsened by a 2021 hack that damaged user confidence. The platform stopped new registrations, deposits, and trading from July 26, reflecting a shift of capital and users to larger exchanges like Binance and OKX. This closure highlights the growing concentration of liquidity among a few dominant exchanges, making it harder for smaller platforms to compete and survive in the crypto market.
The XRP Ledger (XRPL) has added about $2.6 billion in tokenized real-world asset (RWA) value over the past six months, excluding stablecoins, making it the second-largest blockchain for net RWA inflows behind BNB Chain. The largest portion of this va...
Bitcoin and Ethereum prices declined by 2.24% and 1.62% respectively amid a 12.92% drop in crypto derivatives trading volume, indicating reduced risk appetite among traders. The broader crypto market saw losses across major altcoins, reflecting a def...
Bitcoin and Ethereum prices fell slightly on Friday, with Bitcoin down 0.96% to $64,147 and Ethereum down 0.62% to $1,861, indicating a mild pullback in major cryptocurrencies. Meanwhile, some large-cap altcoins like Tron and Dogecoin posted modest g...
Kenya's Assets Recovery Agency (ARA) has frozen $888,030 in cash and tether stablecoins linked to a $2.32 million money laundering scheme involving Binance wallets and multiple banks. The scheme used two parallel channels to obscure money origins, in...
Binance introduced a new AI-powered assistant called P2P Skill on July 24, designed to simplify peer-to-peer trading. This feature allows users to execute trading tasks using natural language commands instead of navigating complex menus. The innovati...
