The South Korean crypto exchange Bithumb says it will compensate customers who were affected by an outage that took the platform offline for about 100 minutes on September 2. The South Korean newspaper Seoul Kyungjae reported that the platform went down “suddenly” at 11:27 PM KST on September 2. Bithumb confirmed computer system-related problems caused the disruption, rather than an external hacking attempt. Bithumb trading volumes on September 2-3. (Source: CoinGecko) Bithumb Outage: What We Know The exchange explained that order executions were delayed, with its order book frozen. Bithumb said that its engineers “immediately began system maintenance” after detecting the fault. However, Bithumb “trading services were down for approximately 1 hour and 40 minutes,” the newspaper explained. Bithumb announced September 3 that it would “fully compensate users for losses incurred due to the trading suspension.” The exchange said it now plans to “sequentially review” customer complaints and provide compensation for traders who lost money as a result of the outage. Bithumb said it hopes to complete the review and compensation process in the space of “approximately one month.” An exchange official said a transaction system error caused the problem. Bithumb said: “The outage was not caused by external factors like hacking. We are analyzing the details of this technical error to ensure this does not happen again.” The top five coins per trading volume on Bithumb on September 2-3. (Source: CoinGecko) Do South Korean Exchanges Need to Shore up Their Systems? The newspaper said customers had suffered “significant disruption.” This follows major system errors at South Korea’s biggest exchanges during last year’s martial law crisis. Crypto markets experienced turmoil in early December 2024, after former President Yoon Suk-yeol attempted to declare martial law. Some traders responded by selling their crypto holdings, while others attempted to “buy the dip.” The result was a massive and sudden surge of web traffic to major exchanges, with many platforms seemingly unable to take the strain. “Repeated computer outages at major exchanges are fueling investor discontent,” Seoul Kyungjae wrote. The crypto exchange Bithumb has made “significant reductions” to the scale of its crypto lending services amid ongoing concerns from financial regulators. #Bithumb #CryptoRegulations https://t.co/J2iCgMS6Q8 — Cryptonews.com (@cryptonews) August 12, 2025 We Must Improve Legal System, Say Industry Officials Data compiled by the offices of the People Power Party lawmaker Lee Heon-seung has revealed that 89 cases of outages occurred at the country’s five fiat-trading exchanges from 2018 to 2024. Bithumb has experinced 41 of these outages, with its closest rival Upbit experiencing 28 cases. GOPAX has suffered from 11 outages in the period, with Coinone reporting eight cases. Korbit experienced just one system-related outage between 2018 and 2024. Bread prices in Korea have been rising, adding to consumers' financial burden amid the inflation of food prices. The persistent rise came to the fore after a popular YouTuber sold bread for 990 won (70 cents), sparking a debate over the current prices. https://t.co/xtLdgIjjtB — The Korea JoongAng Daily (@JoongAngDaily) September 3, 2025 The newspaper bemoaned the fact that South Korea currently has no industry-wide legal compensation standards. As such, deadlines for reporting damages and compensation methods currently “vary greatly from exchange to exchange.” The newspaper quoted an unnamed South Korean crypto industry official as stating: “The crypto market is highly volatile and operates 24 hours a day. As such, even a few minutes of trading interruption can result in investors making losses. We need to create a streamlined compensation system for damages caused by exchanges’ computer system failures.” Bithumb is aiming to go public on the NASDAQ stock exchange in 2026. It has recently launched a spinoff company as part of its bid . This, Bithumb claims, has allowed it to divide its core exchange operations from its new business arm. The post Crypto Exchange Bithumb Promises to Compensate Customers After 100 Min. Outage appeared first on Cryptonews .
Researchers posing as children on Character AI logged 669 harmful interactions in 50 hours, including grooming and drug offers.
BitcoinWorld American Bitcoin’s Astonishing Nasdaq Surge: A New Era for Crypto Mining? The cryptocurrency world is buzzing with exciting news! Shares of American Bitcoin (ABTC), a prominent mining firm, recently made an impressive debut on the Nasdaq, capturing significant attention from investors and market watchers alike. This event marks a pivotal moment for the company, signaling strong market confidence in its operations and future prospects. American Bitcoin’s Remarkable Nasdaq Debut: What Happened? On its first day of trading, American Bitcoin saw its stock surge by approximately 17%, closing at a robust $8.04. This initial climb was quite dramatic, with the stock even touching an intraday high of $14 before settling. The successful listing, as reported by The Block, highlights a strong appetite for crypto-related ventures on mainstream financial platforms. What makes this debut particularly noteworthy is the high-profile backing the company enjoys. President Donald Trump’s sons, Donald Jr. and Eric Trump, are key figures associated with the firm. Their involvement undoubtedly adds a layer of intrigue and public interest to American Bitcoin ‘s market performance. Behind the Scenes: How Does American Bitcoin Achieve Efficiency? Eric Trump provided valuable insights into the company’s operational strengths during an interview with Bloomberg. He emphasized American Bitcoin ‘s commitment to efficiency and stability, crucial factors in the volatile crypto mining sector. Here are some key takeaways: Cost-Effective Mining: Eric Trump stated that the company mines Bitcoin at roughly half the current market cost. This significant advantage allows for higher profit margins and resilience against market fluctuations. Stable Operations: The firm prides itself on maintaining stable operations, a critical aspect for long-term success in an industry often characterized by rapid changes. Tangible Asset Backing: Unlike some purely speculative ventures, American Bitcoin ‘s operations are backed by substantial tangible assets. These include data centers valued at hundreds of millions of dollars, providing a solid foundation for its mining activities. This strategic approach to mining and asset management positions American Bitcoin as a serious player in the digital asset space, moving beyond just speculative interest. Understanding the Impact: What Does This Mean for the Market? The successful Nasdaq listing of American Bitcoin sends a clear signal to the broader financial world. It demonstrates that traditional exchanges are increasingly open to embracing companies deeply rooted in the cryptocurrency ecosystem. This integration could pave the way for more crypto mining firms and blockchain-related businesses to seek public listings, offering new investment avenues for mainstream investors. Moreover, the valuation of Eric Trump’s stake in the company at approximately $500 million underscores the significant financial potential perceived within the firm. Such valuations can attract further institutional interest and capital into the crypto mining industry, fostering growth and innovation. Investors looking into this space should consider the balance between high-growth potential and the inherent risks associated with cryptocurrency markets. However, the operational efficiency and asset backing of companies like American Bitcoin might offer a more stable investment proposition compared to direct crypto holdings. Looking Ahead: The Future Trajectory of American Bitcoin The debut of American Bitcoin on Nasdaq is more than just a stock market event; it’s a testament to the evolving landscape of digital finance. As the company continues its operations, its ability to maintain low mining costs and leverage its substantial asset base will be key to sustaining its growth. The ongoing interest from high-profile individuals and the financial community suggests a promising, albeit dynamic, future. This event serves as an exciting case study for how established financial markets are adapting to and integrating the burgeoning world of digital assets. For those tracking the intersection of traditional finance and cryptocurrency, American Bitcoin offers a compelling narrative of innovation and strategic execution. In conclusion, American Bitcoin ‘s impressive Nasdaq debut, fueled by strategic efficiency and significant backing, has firmly placed it in the spotlight. Its performance provides a fascinating glimpse into the growing maturity of the crypto mining industry and its increasing acceptance within mainstream financial circles. The company’s unique position, combining robust operations with high-profile association, makes it a noteworthy entity to watch in the coming months. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. Frequently Asked Questions About American Bitcoin Q1: What is American Bitcoin (ABTC)? A1: American Bitcoin (ABTC) is a cryptocurrency mining firm that recently debuted on the Nasdaq stock exchange. It focuses on mining Bitcoin efficiently and is backed by significant tangible assets, including data centers. Q2: Who are the notable backers of American Bitcoin? A2: The company has received backing and association from President Donald Trump’s sons, Donald Jr. and Eric Trump, which has contributed to its public profile and market interest. Q3: How does American Bitcoin achieve cost-effective mining? A3: According to Eric Trump, American Bitcoin mines Bitcoin at approximately half the current market cost. This efficiency is attributed to their operational strategies and the infrastructure of their data centers. Q4: What was American Bitcoin’s performance like on its Nasdaq debut? A4: On its Nasdaq debut, shares of American Bitcoin surged around 17%, closing at $8.04. The stock even reached an intraday high of $14, indicating strong initial investor enthusiasm. Q5: What does American Bitcoin’s Nasdaq listing signify for the crypto market? A5: The successful listing of American Bitcoin on Nasdaq suggests a growing acceptance and integration of cryptocurrency-related businesses within traditional financial markets. It could open doors for more digital asset firms to seek public listings. Did you find this article insightful? Share this exciting news about American Bitcoin ‘s Nasdaq debut with your network! Let your friends and followers know about this significant development in the crypto mining space. Your shares help us bring more valuable insights to the community. This post American Bitcoin’s Astonishing Nasdaq Surge: A New Era for Crypto Mining? first appeared on BitcoinWorld and is written by Editorial Team
Cardano price is testing a critical $0.88 resistance as the Glacier upgrade approaches; a sustained close above $0.88 could open a path to $1.23, while $0.78 and $0.72 remain key
Bitcoin hash rate has exceeded one zettahash per second (1 ZH/s) on a seven-day moving average, marking a new security milestone for the network and signaling increased mining activity despite
Anchorage Digital now offers institutional custody and staking for Starknet’s native token STRK, enabling US institutions to stake STRK with a current yield of 7.28% APR while maintaining regulated custody
Despite $300 million in spot ETH ETF outflows, healthy derivatives and institutional investor activity keep Ether’s $5,000 path intact.
Bitcoin maxis are once again getting hyped up on hopium as BTC ETF inflows are on the rise again, indicating returning institutional interest. According to data from Lookonchain, some of the biggest financial institutions, including Fidelity, Bitwise and Grayscale sold ETH and bought BTC. Inflows into BTC and ETH ETFs. Source: Lookonchain On-chain data shows funds entering BTC ETFs On-chain data has revealed that spot Bitcoin exchange-traded funds surpassed Ethereum ETFs as far as investment flows on Tuesday. According to data from Lookonchain , spot Bitcoin ETFs saw $332.7 million in net inflows on Tuesday, led by $132.7 million moving into Fidelity’s FBTC and $72.8 million into BlackRock’s IBIT. Funds from Grayscale, Ark & 21Shares, Bitwise, VanEck and Invesco also saw net inflows yesterday. On the other hand, spot Ethereum ETFs reported a total daily net outflow of $135.3 million, with Fidelity’s FETH recording $99.2 million in outflows and Bitwise’s ETHW recording $24.2 million in negative flows. Analysts believe this shift in fortunes in terms of ETH and BTC ETF inflows suggests institutional investors may be rebalancing portfolios as Bitcoin’s perceived stability becomes more attractive as the market struggles with macroeconomic uncertainties. Things were different in August when Ethereum ETFs outperformed Bitcoin ETFs thanks to their yield-generating capabilities, improving regulatory clarity, and growing corporate treasury adoption. While Bitcoin ETFs saw a monthly net outflow of $751 million in August, Ethereum ETFs saw $3.87 billion flow into the funds during the same period. “In the short term, this could bolster bitcoin’s price support near $108k and reduce selling pressure, though Ethereum’s stronger yield prospects and Digital Asset Treasuries growth may sustain its outperformance into year-end,” Nick Ruck, director at LVRG Research said. Large capital continues to flow into Ethereum Even though Ethereum is currently struggling to reclaim the $4,500 mark amid broader bearish action, analysts warn investors against writing it off because large capital continues to flow into the ecosystem. While institutions seem to care more about BTC right now, Ethereum ETFs continue to see daily inflows, and retail investors are treating dips as buying opportunities. Also, late last month, some analysts noted a resurgence of positive sentiment among Ethereum investors on the largest crypto platform, Binance , after fresh data revealed that in less than a week, the number of ETH on the crypto exchange declined by 10% from 4,975,000 ETH to 4,478,000 ETH, particularly between August 23 and 27. Such declines imply that investors are removing ETH from centralized platforms, a behavior historically linked to long-term accumulation and growing confidence. During this period, increased market activity has been driven by rising demand, suggesting a potential supply squeeze that would intensify Ethereum’s next significant price rise. Even as ETFs take a breather, Ethereum is still seeing strong interest from corporate treasuries. These institutions are increasingly choosing long-term investing plans over short-term speculation, which increases the likelihood of ETH resisting significant market corrections. At the time of writing, ETH is seeing some bullish price action and is trading just under $4,500, rounding out a nearly 4% increase in the last 24 hours. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
Powerful statements from top U.S. regulators signal a dramatic pivot toward crypto freedom, embracing innovation, market choice, and a unified push to reclaim global leadership. SEC Chair Pushes for Trading Freedom in Joint Crypto Regulation With CFTC U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins and Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline
Anchorage Digital has added custody and staking for Starknet’s STRK token, expanding the token's utility for institutional investors in the US.