CrispyBull

Bithumb is restructuring by spinning off its non-core units to pave the way for a 2025 IPO. The move signals its ambition for global expansion, including a potential Nasdaq listing.

Coinbase is in advanced talks to acquire Deribit, the leading crypto options exchange, in a deal valued between $4 billion and $5 billion. The move would mark a major expansion into the booming derivatives market, positioning Coinbase to compete more aggressively with global giants like Binance and OKX.

Binance has launched a Community Co-Governance Mechanism that lets users vote on which tokens to list or delist, starting with four underperforming altcoins under review. This marks a shift toward user-driven decision-making as the exchange aims to increase transparency and reduce centralized control.

OKX has suspended its DEX aggregator service amid regulatory scrutiny from the European Union, which is investigating whether the platform’s Web3 infrastructure was used to launder funds from the $1.5 billion Bybit hack. While OKX denies being directly under investigation, the move highlights the growing regulatory pressure on DeFi platforms and the challenges of balancing decentralization with compliance.

Uniswap Labs emerged unscathed as the US Securities and Exchange Commission (SEC) officially dropped its investigation into the decentralized exchange protocol. The decision sent...