Upbit and Bithumb suspend Synthetix token deposits citing sUSD risks

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South Korean exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) tokens after it was flagged by the Digital Asset Exchange Alliance (DAXA) for potential risks. DAXA, the self-regulatory organization establishing industry standards for South Korean exchanges, designated SNX as a cautionary item.  Assets receiving this designation typically undergo rigorous evaluations to determine whether … Read more

Bitcoin exchange outflows mimic 2023 as whales buy retail ‘panic’

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Key points: Bitcoin exchange 100-day average netflows are at their most negative since the start of the current bull market in 2023. Exchange balances continue to plumb new multiyear lows. Whales are particularly active buyers this month, while retail shows classic “panic selling.” Bitcoin (BTC) exchanges are evoking the end of the 2022 crypto bear … Read more

Chainlink Breaks Out As Large Outflows Hint At Optimism

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Chainlink (LINK) saw massive withdrawals from exchanges, which backed the ongoing price breakout to the upside of the wedge pattern. LINK Outflows Hint at Accumulation The aggregated exchanges saw intense LINK withdrawal activity according to their exchange flow statistics over thirty days. A significant amount of -713.2K LINK exited centralized platforms during April 3 and … Read more

Relinked with USD before elections – ING

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The Canadian Dollar (CAD) has suffered much less than any other G10 currency from the USD rebound since Monday, when it had instead remained flat despite widespread rallies against the US Dollar (USD), ING’s FX analyst Francesco Pesole notes. CAD reconnects with USD as tariff risks fade “Since ‘Liberation Day’, the loonie and USD have … Read more

Shaquille O’Neal reaches settlement in FTX lawsuit, terms remain secret

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Shaquille O’Neal has settled with investors who claim losses from the collapse of cryptocurrency exchange FTX, according to an April 23 filing in the US District Court for the Southern District of Florida. The settlement amount remains confidential, with terms expected to be disclosed after investors formally request preliminary court approval, according to court documents. … Read more

KuCoin Expands Into Southeast Asia With Focus On Thailand’s Growing Crypto Market

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Cryptocurrency exchange KuCoin is deepening its presence in Southeast Asia by launching a dedicated platform in Thailand, aiming to tap into the country’s expanding digital asset market. According to a 23 April 2025 announcement, KuCoin will operate in Thailand through ERX Company Ltd, the nation’s first Securities and Exchange Commission (SEC)-regulated digital token exchange. EXPLORE: 10 … Read more

Russia Plans To Launch Crypto Exchange Under Experimental Legal Framework

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Russia’s Finance Ministry and central bank are preparing to launch a cryptocurrency exchange designed exclusively for “super-qualified investors,” according to reports from Russian media outlets RBC and Interfax on 23 April 2025. Finance Minister Anton Siluanov announced that the initiative aims to legalize crypto assets and bring digital asset transactions into a regulated environment. EXPLORE: 10 … Read more