Bullish shares jumped 13% after reporting a 62% year-over-year increase in second-quarter adjusted revenue to $92.6 million and more than tripling adjusted EBITDA, despite a dip in trading volume.
Bitcoin adoption is shifting toward traditional financial wrappers as advisers, spot ETFs, and potential 401(k) rules expand access through familiar portfolios rather than crypto-native exchanges.
South Korea's Supreme Court is nearing an August 11 deadline on proposed rules requiring crypto exchanges to disclose debtor holdings within seven days of a court order, part of a broader regulatory push in a heavily retail-driven market.
Crypto platform Coinsbuy lost over $8 million in a multi-chain hack across Tron and Ethereum on Sunday. Blockchain investigator BlockWatchdog tracked the stolen funds, while Coinsbuy replenished affected wallets and offered a $100,000 reward for information.
Crypto exchange Bybit has filed a U.S. civil lawsuit against North Korea, its Reconnaissance General Bureau, and the Lazarus Group over a $1.5 billion theft in February 2025, securing a preliminary injunction to freeze identified stolen assets.
Cryptographic proof-of-reserves verify customer balances and exchange wallet control, but they fail to account for hidden liabilities, corporate structures, and overall solvency.
Russia's FSB, in conjunction with the Interior Ministry, raided 9 unregistered crypto exchanges in Moscow, detaining over 20 employees. The operation targeted money laundering channels converting scam proceeds from Russian victims into cryptocurrency for Ukrainian handlers, with potential compensation assessment underway.
The US Treasury Department's OFAC sanctioned digital asset exchanges Shelbit and Aban Tether, alongside Iranian national Siavash Kayvanpour, for allegedly laundering billions of dollars and facilitating sanctions evasion to support Iran's IRGC.
Crypto perpetual futures trading volume on centralized exchanges dropped to $4 trillion in July, marking a 31-month low, while decentralized exchange volumes fell to $531 billion alongside declining spot trading activity.
Bitget signs agreement with Bhutan's Gelephu Mindfulness City to explore licensed crypto operation, aiming for a foothold in the country's developing digital asset sector, potentially leveraging the $100 billion GMC economic zone.
Japan's Financial Services Agency and National Police Agency asked crypto exchanges to implement withdrawal delays and safeguards to combat digital asset scams.
The US Court of Appeals for the Second Circuit issued a formal mandate upholding former FTX CEO Sam Bankman-Fried's conviction on seven felony counts and his 25-year prison sentence.
Australian crypto brokerage Caleb & Brown has expanded into the UK to target high-net-worth clients, citing low domestic adoption rates as a major growth opportunity.
South Korean cryptocurrency exchange Bithumb announced plans to apply for a preliminary listing review in 2027 and complete an initial public offering (IPO) in 2028. The exchange is reorganizing its business and upgrading internal controls, while facing past operational errors and ongoing audit issues with linked companies.
Crypto exchange Bitget will stop services for Japan residents, ceasing new registrations immediately and implementing account restrictions from Nov. 1. This follows multiple warnings from Japanese regulators, including the FSA and Kanto Local Finance Bureau, regarding unregistered operations.
Michelle Bond seeks to exclude her husband Ryan Salame's guilty plea from her campaign finance trial. Separately, former congressman George Santos was fined by the CFTC for insider trading on Kalshi, and US soldier Gannon Ken Van Dyke moved to dismiss charges over Polymarket bets related to a Venezuelan military operation.
FTX's Recovery Trust initiated its fifth distribution, sending $900 million to creditors, bringing the total payout to an estimated $11 billion. This follows the exchange's 2022 collapse and ongoing legal actions against its former executives.
Crypto exchanges are expanding into tokenized stocks, commodities, and precious metals, with market capitalization growing to $6.6 billion in June 2026 from $1.4 billion in January 2025, driven by competition from traditional brokerages and decentralized exchanges.
The European Union added crypto exchange HTX, linked to Justin Sun, to its 21st Russia sanctions package, imposing a transaction ban from August 23. The move follows a similar UK designation, with the EU accusing HTX of frustrating Russia sanctions and widening its crypto measures.
South Korean crypto exchange Korbit will rebrand as Digital X after its acquisition by Mirae Asset Group. Mirae founder Park Hyeon-joo announced the name, central to the group's "3.0" strategy to combine digital and traditional finance, with plans for RWA tokenization, security tokens, and stablecoins.
BitMEX, the crypto exchange founded by Arthur Hayes, announced its shutdown on Sept. 23, giving customers two months to close positions and withdraw funds. New registrations have stopped, and a monthly fee will apply to remaining KYC-verified assets after the deadline.
Cryptocurrency exchange Bitget announced its registration as a financial services provider on New Zealand's FSPR, enabling it to offer services like foreign currency exchange and money transfers. However, the registration was not visible on the FSPR registry at the time of writing.
BitMEX, a pioneer in cryptocurrency derivatives trading, will cease operations by Sept. 23, 2026, following a strategic review by its owner, HDR Global Trading Limited. Users are urged to close positions and withdraw funds, with assets remaining safe during the wind-down period.
Mirae Asset Consulting, an affiliate of a major South Korean financial group, completed its acquisition of a controlling 92.06% stake in crypto exchange Korbit for 133.48 billion won, becoming its largest shareholder. Korbit confirmed operations and customer asset segregation remain unchanged.
