
April 18th, 2025
In tandem with the IPO preparations, Bithumb has initiated efforts to improve its corporate structure.
For many crypto firms that are currently exploring layer-2, they have found that it opens up potential new revenue streams.
The cryptocurrency’s historical trends indicate that significant gains often occur a year and a half after the bottom, suggesting a rapid price surge in the coming years.
COIN shares immediately saw a surge in trading activity leading to a 5.14% increase in their stock price.
Despite some setbacks, Robinhood remains committed to the crypto space.
Kraken is repotedly considering building its own Layer 2 network just like its rival Coinbase that has launched the Base network this year.
Meanwhile, the regulator is currently in several enforcement actions against popular exchanges including Coinbase and Binance.
Part of the shortlisted investors that want to relaunch FTX includes Proof Group.
The S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) equity indexes advanced for the second consecutive day.
For the fourth quarter, Coinbase has already generated about $105 million of transaction revenue in October. The company expects Q4 subscription and services revenue to be approximately flat compared to Q3, as well as predicts ‘meaningful’ positive adjusted EBITDA for 2023.
The new developments come after a court-mandated phased liquidation process, enabling FTX to sell digital assets worth a total of $3 billion on a weekly basis.
In response to the allegations, Tether emphasized its commitment to preventing the misuse of cryptocurrencies for illicit activities.
Coinbase contends the SEC’s interpretation of what constitutes a security is dangerously broad and insupportable. In the exchange’s view, only assets conferring explicit financial rights or a stake in a business should be considered securities.
Recent reports also suggest that a significant number of employees were laid off earlier this month, with sources indicating that approximately 300 people lost their jobs.
As Bitcoin extends its rally to $35,000 clocking over 100% gains for 2023, let’s take a look at some crypto firms that have outperformed Bitcoin.