ChainCatcher news, according to the Financial Times, Trump's social media company is in advanced talks to acquire the cryptocurrency trading platform Bakkt, which is owned by the Intercontinental Exchange, as the company seeks to expand its business beyond online conversations.Two people familiar with the negotiations said that Trump Media and Technology Group is close to a full stock acquisition of Bakkt. The valuation under discussion is still unclear, but on Monday, Bakkt's market capitalization was slightly above $150 million.

ChainCatcher news, as market demand increases, the Binance platform has recorded over $1 billion in inflows for two consecutive weeks.According to DeFiLlama data, the net inflow to the Binance platform in November exceeded $5 billion, which is five times the net inflow of the second-ranked cryptocurrency exchange.

ChainCatcher news, focusing on digital assets, Hong Kong-listed company OSL Group today announced that its wholly-owned subsidiary has signed a share purchase agreement to acquire an 81.38% stake in CoinBest K.K., a cryptocurrency trading service provider licensed by the Financial Services Agency (FSA) of Japan (hereinafter referred to as "CoinBest"). This move is an important strategy for OSL Group to enter the Japanese market.The Japanese market had over 5.16 million active digital asset users in 2023, tripling since 2018. Japan has become one of the more mature and rapidly developing markets in the Asia-Pacific region, with a rapidly growing penetration rate and investment volume in the digital asset market.By acquiring CoinBest, OSL Group aims to promote product and service innovation among its trading platforms (including the Hong Kong-licensed digital asset trading platform OSL Digital Securities), enhance global trading liquidity, achieve resource sharing and best business practices, thereby creating business synergies.

According to ChainCatcher news and Barron's, recently, Coinbase's global executives and directors approved a trading plan to sell shares of the cryptocurrency exchange platform worth over $900 million. Among them, three Coinbase executives and two directors will sell up to 5 million shares. Based on Friday's closing price of $182.88, these shares are valued at a total of $909 million. Company insiders adopt such plans to avoid being accused of bias due to possessing non-public information. The plan will automatically execute trades when specific conditions such as price, trading volume, and time are met. Coinbase disclosed the adoption of these trading plans in a filing submitted to the Securities and Exchange Commission on October 30. The plan is expected to start on November 18 and end no later than November 14, 2025.

ChainCatcher news, according to the Financial Times in the UK, cryptocurrency trading platforms are rapidly expanding into the derivatives space, hoping that stricter regulations and promises of high leveraged returns can attract cautious investors into the market.According to the latest data from CCData, cryptocurrency derivatives trading has accounted for 71% of the total trading volume of digital assets, with the total open interest surpassing $40 billion for the first time, demonstrating the dominant position of the derivatives market. Market leader CME Group has seen record trading volumes and open positions this year and is actively expanding its product line, with the newly launched Bitcoin Friday futures contracts specifically matching the New York trading cycle, further meeting the needs of institutional investors.The derivatives sector is attracting a large number of new players. The Dutch cryptocurrency derivatives exchange D2X is set to launch operations in November, while London's One Trading and GFO-X plan to open in early 2025. Additionally, Kraken has established a trading platform in Bermuda this month, directly competing with CME Group, Binance, and Bybit.Jason Urban, Global Head of Trading at Galaxy Digital, pointed out that after the collapse of crypto lending institutions like FTX, unsecured lending has essentially disappeared from the ecosystem, leading investors to turn to the derivatives market in search of leveraged opportunities.

ChainCatcher news, according to techinasia, the crypto trading platform Variational has completed a $10.3 million seed round financing, led jointly by Bain Capital Crypto and Peak XV Partners, with participation from Coinbase Ventures and Dragonfly Capital.Additionally, the Web3 asset data platform RootData shows that Variational was founded in 2021 and is headquartered in George Town, Cayman Islands, specializing in customizable crypto derivatives for peer-to-peer trading, providing services for both retail and institutional traders through its trading infrastructure.

ChainCatcher news, the Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) has announced an extension for cryptocurrency trading platforms to obtain the Physical Crypto Asset Trader (PFAK) license.This decision was made based on Bappebti Regulation No. 9 of 2024, which stipulates that cryptocurrency trading platforms must comply with the latest regulatory standards before the last week of November 2024. This regulation marks the third amendment to the rules governing the organization of trading in physical crypto assets, which were originally established in 2021. It outlines the transition from the current temporary status of registered cryptocurrency trading platforms (CPFAK) to the fully licensed PFAK status.These changes, including the extension, allow potential crypto trading platforms more time to fulfill the necessary obligations, such as becoming members of futures trading platforms and crypto futures clearinghouses. The new regulations provide additional time for crypto trading platforms and broaden the participation in the crypto market. Previously, only individuals were allowed to become clients of crypto assets. The new guidelines permit legal entities and commercial enterprises to trade crypto assets.

ChainCatcher news, according to official sources, on October 10, 2024, Rifad, the General Manager of OKX Middle East, announced that OKX has become the world's first cryptocurrency trading platform to obtain a full operating license in the UAE. Rifad stated that in the future, OKX will continue to invest, grow, and expand further in the region. Dubai has become one of the global centers for virtual assets, and the region is increasingly recognized for its technological innovation and development strategies. We are eager to participate in the technological innovation and community building in the ever-evolving digital asset space.

ChainCatcher news, the cryptocurrency trading platform Wintermute announced on platform X that it has become a member of the European futures exchange Eurex and will strictly adhere to Eurex's standards.It is reported that the European futures exchange (Eurex) is the electronic trading platform for Serie A, which provides access to a wide range of international benchmark products, created by Deutsche Borse AG and the Swiss Exchange.

ChainCatcher news, according to Cointelegraph, the complaint released by the FBI shows that Adam Iza, the founder of the cryptocurrency exchange platform Zort, is suspected of paying up to $280,000 per month in bribes to three officers of the Los Angeles County Sheriff's Department (LASD) to illegally obtain search warrants and sensitive police data.The FBI investigation revealed that Iza used this illegally obtained information to extort and harass a victim codenamed E.Z., attempting to gain access to their laptop used for storing cryptocurrency. Case details disclosed that Iza had attempted to kidnap E.Z. and intimidated the victim by sending personal information from the police database.Additionally, the complaint also accuses Iza of concealing tens of millions of dollars in income and failing to pay income taxes between 2020 and 2022. The FBI stated that Iza paid bribes to officers through his company Zort and other affiliated entities, with individual payments sometimes approaching $200,000. Iza has now been charged with conspiracy to violate rights and tax evasion.

ChainCatcher news, according to Bloomberg, two former executives from Coinbase are launching a cryptocurrency platform called TrueX, which will use PayPal's stablecoin PYUSD as its preferred trading token. PYUSD issuer Paxos will provide third-party custody services for TrueX users. TrueX will initially be open to U.S. institutions and certain international institutions in some regions.Additionally, Paxos is also one of the investors participating in the seed round financing of this startup, with TrueX raising $9 million from venture capitalists such as RRE Ventures and Hack VC.It is reported that before co-founding TrueX, Vishal Gupta served as the head of trading at Coinbase. During his time at Circle, he was responsible for overseeing the launch of the USDC stablecoin. Patrick McCreary previously worked as a senior engineer at Coinbase. Both have worked at Goldman Sachs.

ChainCatcher news, the Spanish cryptocurrency exchange platform Bit2Me has announced that it has received approval from the Argentine National Securities Commission (CNV) to become a Virtual Asset Service Provider (VASP).In March of this year, the CNV opened registration for Virtual Asset Service Providers, which is a prerequisite for companies in the industry wishing to operate in the country. According to the official list provided by the CNV, a total of 79 companies have been approved so far.Previous news, on June 15, 2023, Bit2Me completed a $15 million financing round, led by Investcorp, with participation from Telefónica's investment arm Telefónica Ventures, Stratminds VC, Cardano, and YGG Fund.

ChainCatcher news, according to CoinDesk, the cryptocurrency exchange platform Kraken has requested a jury trial for the lawsuit filed by the U.S. Securities and Exchange Commission (SEC), as indicated in court documents on Thursday.Last month, a judge in California ruled that the SEC's lawsuit against Kraken would proceed to trial. This ruling came after the agency filed similar lawsuits against Binance and Coinbase, which also face allegations of violating federal securities laws for failing to register as brokers, clearing agencies, or exchanges with the SEC.The SEC filed a lawsuit against Kraken in the Northern District of California last November, seeking a permanent injunction to prevent the exchange from further violating securities laws and seeking the return of its "illegally obtained" profits along with other civil penalties. The regulatory agency listed ADA, ALGO, ATOM, FIL, FLOW, ICP, MANA, MATIC, NEAR, OMG, and SOL tokens as 11 unregistered securities.In the court documents on Thursday, Kraken reiterated its position, denying that it engaged in illegal activities, responding to each allegation in the SEC lawsuit, and presenting 18 additional defenses.

ChainCatcher news, the Indonesian cryptocurrency trading platform Indodax announced on X platform that its security team has discovered potential security signs on the platform. A comprehensive maintenance is currently underway to ensure the entire system operates normally. During this maintenance, the INDODAX web platform and application are temporarily inaccessible. But there is no need to worry, as it can be ensured that users' cryptocurrency and rupiah balances remain 100% secure.

ChainCatcher news, according to Cyvers Alerts monitoring, the wallet of the Indonesian crypto trading platform indodax has conducted over 150 suspicious transactions across different networks, with a total loss of approximately 18.2 million USD. Suspicious addresses are exchanging various tokens for Ethereum.

ChainCatcher news, according to The Block, the cryptocurrency trading platform Uphold is launching dollar interest accounts with an annual interest rate of up to 5%.The company's CEO Simon McLoughlin stated that this move aims to attract new customers and incentivize users to hold more capital on the platform. Uphold mentioned that by partnering with Atomic Brokerage, the interest accounts can offer an annual interest rate of up to 5%.

ChainCatcher news, former Mt. Gox CEO Mark Karpeles plans to launch his new cryptocurrency trading platform later this month, focusing on transparency and user-friendliness. The upcoming platform is named EllipX and is set to launch in Europe later this month, headquartered in Poland.Karpeles stated that the structure of the new trading platform will be similar to that of the New York Stock Exchange, but aimed at cryptocurrencies. To ensure the platform's transparency, Karpeles plans to separate the different operational entities of the trading platform. Karpeles is also preparing to launch a nonprofit organization called Ungox, which will provide a rating system for cryptocurrency projects and exchanges.