crypto exchanges

A transfer of 1,700 Bitcoin, valued at roughly $142 million, moved off Coinbase Institutional to an unknown wallet. Large transfers from exchange custody accounts often prompt speculation about whether an institution is repositioning holdings, preparing a sale, or shifting assets to cold storage. Crypto watchers are tracking the destination address for further movement.

Around 1,700 Bitcoin, valued at roughly $142 million, were transferred out of Coinbase Institutional wallets. Large moves from major exchange custody accounts typically draw attention from crypto traders, who watch for signs of institutional buying, selling or wallet restructuring. Without confirmation of the recipient or purpose, observers are left speculating whether the transfer signals an imminent sale, a custody shift or routine internal management of funds.

Bitcoin miner Riot Platforms has released roughly $494 million worth of bitcoin after repaying or restructuring a loan facility with crypto exchange Coinbase, giving the company full control over its holdings again. Financial media are now speculating whether Riot will sell the freed-up bitcoin to fund operations or continue holding it, a question closely watched as miners face pressure on margins.

A report says European Central Bank President Christine Lagarde intervened to persuade Greek authorities not to grant Binance a licence to operate in the country. The revelation sheds light on how EU institutions have steered national decisions on the world's largest crypto exchange, which faces regulatory scrutiny across Europe.

Crypto exchange Bitget has increased its estimate of losses from a recent hack to $387.5 million and announced a phased timeline for restoring customer withdrawals. The revised figure and withdrawal plan are drawing attention across the crypto industry, with users awaiting details on when they will regain full access to their funds.

Payward, the parent company of crypto exchange Kraken, says it is working to build financial infrastructure that extends beyond its core exchange business. The move signals an effort to diversify into broader financial services, positioning the company as a wider fintech provider rather than a crypto trading platform alone. Details on specific products or timelines were not provided.

Four bitcoins stolen in the Bitget exchange hack have been traced moving through Wasabi, a privacy wallet known for its CoinJoin mixing service. On-chain tracking of the funds is drawing attention from security analysts, who follow hacker wallets to see whether stolen crypto can be recovered or will be laundered through mixing tools.

The crypto industry is increasingly working directly with US regulators rather than waiting for Congress to pass comprehensive legislation, Decrypt reports. After years of stalled bills on Capitol Hill, exchanges and industry groups are engaging agencies like the SEC and CFTC to shape rules in practice, accepting limited oversight as the price of legal certainty and market access.

A new estimate suggests that if FTX founder Sam Bankman-Fried had simply held the funds his exchange distributed to investors, rather than trading them, those holdings could be worth around $206 billion today. The figure highlights the scale of value lost in the exchange's 2022 collapse and is prompting renewed debate about the estate's repayment terms, which are based on lower crypto prices from that period.

Crypto exchange Bitget says it will resume withdrawals of Bitcoin, Ethereum and XRP, suspensions widely linked to a security incident, and is launching a bounty program offering 10% rewards for information leading to the recovery of stolen funds. Traders are watching for signs the platform's operations and liquidity are returning to normal as it works to reassure users and recover assets.

Centralized crypto exchanges reportedly saw net outflows of 31,782 bitcoin over seven days, worth about $2.52 billion, as holders moved funds into self-custody. Binance took the largest hit with roughly 19,500 BTC leaving the platform, while Coinbase Pro lost around 6,700 BTC. Commenters describe the flows as institutional accumulation and a sign that large investors are pulling coins off exchanges rather than preparing to sell.

Coinbase is bringing USDC lending to the United Kingdom, allowing customers to borrow against their Bitcoin and Ether holdings. The move expands the exchange's lending services into the UK market and gives British users a way to access liquidity in the dollar-backed stablecoin without selling their crypto. It follows Coinbase's broader push to grow its international presence amid a more favourable UK regulatory environment for digital assets.

Debate over a potential Bitcoin supply shock is intensifying, with commentary pointing to the Institutional Funding Premium (IFP) turning bullish. Analysts argue that tightening exchange reserves and rising institutional demand could squeeze available supply, supporting higher prices. Skeptics counter that on-chain signals alone are not enough to confirm a genuine shortage, leaving the market split on how much the trend matters for Bitcoin's next move.

Stablecoin issuer Tether has released beta command-line interface and MCP wallet tools that let users manage Tether holdings locally and keep custody of their own keys. The move is aimed at users who prefer self-custody over leaving assets on exchanges or custodial platforms, and the tools are available in beta while feedback is gathered from the crypto community.