May 29, 2024 12:00

Huobi co-founders firm recovers 108% of deposits from FTX collapse

The creditors' claims were sold for cash to Delaware-based Ceratosaurus Investors LLC.

May 29, 2024 12:25

HTX Surpasses Coinbase with $2.4 Billion Spot Trading Volume Surge

Cryptocurrency trading platform HTX, formerly known asHuobi, has surpassed the United States-based exchange Coinbase in terms of spottrading volumes.

Tron founder Justin Sun, who serves as an adviser to HTX andholds substantial assets on the platform, announced on May 27 that HTX hadoutpaced Coinbase in spot trading volume for the first time.

Emerging as the Fourth-Largest Crypto Exchange

According to CoinGecko data, HTX currently facilitatesapproximately $2.4 billion in spot trading volumes daily, securing its positionas the fourth-largest crypto exchange globally, following Binance, Bybit, OKX,and Gate.io. In contrast, Coinbase trails behind HTX and Bitrue exchange, withapproximately $2 billion in spot trading volumes.

For the first time, @HTX_Global has more spot trading volume than @coinbase. This is just the beginning, and we are just getting started. pic.twitter.com/VeYHFCviHy

H.E. Justin Sun (@justinsuntron) May 27, 2024

This is just the beginning, and we are just gettingstarted, said Sun.

HTX SURGES PAST COINBASE FOR SPOT TRADING VOLUMEThis is just the beginning, and we are just getting started- As announced by $TRX founder, @justinsuntron, the @HTX_Global exchange (for which he is an advisor) has, for the first time ever, flipped @Coinbase in terms of spot https://t.co/ca8kjnW2s7 pic.twitter.com/3XhEMoA5uH

BSCN (@BSCNews) May 28, 2024

Coinbase Faces Regulatory Challenges

Coinbase's decline in exchange volume rankings coincideswith ongoing legal challenges in the United States. The company has beenembroiled in a securities violation lawsuit filed by the US Securities andExchange Commission (SEC) in June 2023.

Despite Coinbase's efforts to defendits case, a US court's decision in March 2024 denied the exchange's motion todismiss the SEC's allegations, allowing the regulator to proceed with itslawsuit. The SEC accuses Coinbase of operating as an unregistered exchange,broker, and clearing agency.

On May 24, Coinbase submitted a memorandum supporting its interlocutoryappeal, aiming to challenge a pivotal ruling in the ongoing legal battle.

This article was written by Tareq Sikder at www.financemagnates.com.

May 29, 2024 01:00

HTX Surpasses Coinbase in Spot Trading Volume for the First Time: Data

Coinbase's volume rankings have plummeted, ceding ground to the Justin Sun-affiliated HTX crypto exchange.

Mar 25, 2024 05:50

Heco Bridge Hacker Moves $137 Million in Stolen ETH to Tornado Cash

In a recent development observed by onchain alerts, the entity responsible for exploiting the Heco bridge and siphoning off millions in ethereum late in November 2023 from the conduit bridge connecting Ethereum and the Heco blockchain, transferred 40,391.8 ether to the mixing platform Tornado Cash. Heco Bridge Exploiter Transfers Millions Worth of Ether to Tornado [...]

The post Heco Bridge Hacker Moves $137 Million in Stolen ETH to Tornado Cash appeared first on Crypto Breaking News.

Feb 07, 2025 05:50

Justin Sun Sparks HTX Feud as India Reconsiders Stance on Cryptocurrency: Asia Express

Justin Sun, the founder of TRON and CEO of BitTorrent, has recently found himself embroiled in a feud with HTX, a controversial blockchain project. The beef between Sun and HTX has escalated, drawing attention from the cryptocurrency community in India and across Asia. The animosity between Sun and HTX reportedly stems from conflicting ideologies regarding [...]

The post Justin Sun Sparks HTX Feud as India Reconsiders Stance on Cryptocurrency: Asia Express appeared first on Crypto Breaking News.

Feb 29, 2024 02:30

Suns Stunning Bitcoin Revelation: $1.6B HTX Holdings Rock Industry

In a bold move to assert his active involvement in the HTX cryptocurrency exchange, Justin Sun recently showcased his substantial Bitcoin holdings. On Tuesday, Sun, the notable figure behind the TRON blockchain, took to social media to dispel doubts about his utilization of HTX, sharing a screenshot of his HTX wallet displaying a staggering 28,614 […]

Feb 28, 2024 02:30

HTX Withdraws Crypto License Application In Hong Kong Just 3 Days After Submission

HTX has swiftly retracted its application for a crypto license in Hong Kong, just three days after initially submitting it. This decision, as revealed on the Securities and Futures Commissions (SFC) official website, where a list of crypto exchange license applicants is published, coincides with similar actions from three other firms who also withdrew their […]

Feb 28, 2024 01:00

HTX Withdraws Hong Kong License Application

Only two days before the deadline, HTX withdraws its newly-requested crypto license application.

Dec 09, 2024 04:10

Justin Sun Deposits $119.7M in ETH to HTX After ETH Surges Past $4K

Justin Sun, the founder of Tron, deposited 29,920 ETH worth $119.7 million into HTX just nine hours ago, coinciding with Ethereum’s price surpassing the $4,000 threshold. This substantial transaction is part of a broader investment strategy where Sun accumulated 392,474 ETH between February and August of this year. The average

Oct 20, 2024 02:30

Binance Breaks Records With $100 Trillion In Trading Volume

Binance, a global leading cryptocurrency exchange has recently marked another history after hitting $100 trillion trading volume in both spot and derivatives trading. This milestone puts Binance light years ahead of its competitors and marks a new chapter in the trading of digital assets. In the latest report, it emerged that Binance is the exchange […]

Oct 19, 2024 12:00

Game developer sues Jump Crypto for alleged pump and dump, $1.4M freeze

The developer of a post-apocalyptic Web3 game sued market maker Jump Crypto for allegedly dumping its coins on the market in breach of its contract.

Jan 22, 2025 02:50

Report: Binances Dominance Declines as Bybit, Bitget Surge

In 2024, Binance's dominance in the crypto exchange market diminished, while Bybit saw significant growth in spot trading and Bitget excelled in derivatives trading.