Cryptocurrency exchange KuCoin published its 32nd consecutive monthly Proof of Reserves (PoR) report on July 10, 2025, verified by independent auditor Hacken, confirming that the exchange maintains over 100% asset coverage for liabilities. This consistent transparency initiative provides KuCoin with a significant competitive advantage following the November 2022 FTX collapse,
The FTX bankruptcy estate trustee filed a court motion on July 2, 2025, with the US Bankruptcy Court for the District of Delaware, seeking to freeze creditor payouts in 49 states and countries with restrictive cryptocurrency regulations. The affected 33,000 creditors, who hold claims worth $983 million—representing 5%
Anthony Pompliano has announced a $1 billion merger to create ProCap Financial through SPAC Columbus Circle Capital I, securing over $750 million in initial funding for its bitcoin treasury, representing a record for public bitcoin-focused companies. The merger agreement between ProCap BTC and NASDAQ-listed Columbus Circle Capital I includes $516.
PrimeXBT, a leading cryptocurrency trading platform, announced its new instant crypto-to-USD exchange service on May 7, 2025, enabling users to quickly and cost-effectively convert their digital assets to US dollars within the platform. The new service aims to simplify life for cryptocurrency traders who often face high fees and long
