#trading

Taipei-based Kronos Research, a prominent trading firm and market maker, faced a significant security breach. Hackers accessed the firm's API keys, leading to an estimated loss of $25 million in ether, as reported by blockchain researcher ZachXBT.

The Chairman of the U.S. Commodity Futures Trading Commission, Rostin Behnam, recently declared that American regulators are yet to be equipped with the necessary powers to prevent a repeat of the FTX collapse.

dYdX Chain, a standalone Layer 1 platform based on Cosmos, has officially entered the beta-testing phase of its mainnet. This milestone follows a decisive governance vote, where over 99% supported the transition from post-trading to active trading.

Binance has introduced its new Web3 wallet, offering compatibility with thirty different blockchains and a range of standard features (trading, staking, and NFTs). The company's objective is to compete with well-established applications like MetaMask and Trust Wallet, although the latter is already part of the exchange’s portfolio.

In South Korea, cryptocurrency trading volumes have seen a notable increase of 7.7% since early 2023, capturing 12.9% of the worldwide total. Leading this trend is Upbit, a dominant player in South Korea's market.

THORChain, a decentralized trading protocol, has seen its daily trading volumes skyrocket to $334 million, eclipsing PancakeSwap's $286 million

Wintermute, an algorithmic trading firm in digital assets, accuses NEAR Foundation and Aurora of failing to uphold their agreement involving the conversion of $11 million worth of the now-defunct USN stablecoin to USDT. These tokens originated from the now-defunct FTX exchange and were acquired by Wintermute in exchange for fiat currency with the assurance of a complete conversion.