BitcoinWorld Strategic Insight: GENIUS Act Could Bolster Dollar Dominance In the ever-evolving landscape of global finance and digital currencies, the potential impact of legislative action is a hot topic. For those following cryptocurrencies and international economics, a recent statement from a prominent financial institution offers a compelling perspective. Marion Laboure, a strategist at Germany’s largest commercial bank, Deutsche Bank, has weighed in on the U.S. Senate-approved stablecoin bill, known as the GENIUS Act, suggesting it holds significant potential to strengthen the dollar dominance on the world stage. Understanding the GENIUS Act and Stablecoin Regulation The GENIUS Act, which recently passed a final vote in the Senate, is a piece of legislation aimed at providing a framework for stablecoin regulation in the United States. Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to a traditional currency like the U.S. dollar, or to a basket of assets. Their stability makes them attractive for various uses, including payments, trading, and as a safe haven within the volatile crypto market. The core idea behind regulating stablecoins is to ensure their stability and reliability, protecting consumers and preventing potential financial instability. Different countries are exploring various approaches to stablecoin oversight, and the U.S. approach, as embodied by bills like the GENIUS Act, is being closely watched globally. How Could the GENIUS Act Boost Dollar Dominance? Marion Laboure’s perspective centers on the strategic advantages that clear U.S. stablecoin regulation could provide. She argues that well-defined rules could make U.S.-based stablecoins more trustworthy and attractive internationally. Here’s a breakdown of her key points: Attracting Overseas Liquidity: By providing legal clarity and regulatory certainty, the U.S. could make its financial system and stablecoin ecosystem more appealing for foreign entities and investors holding significant capital. This could draw liquidity into dollar-denominated stablecoins and related platforms. Accelerating Digital Dollar Use: Regulation could accelerate the adoption and use of digital forms of the dollar globally, even without a formal U.S. central bank digital currency (CBDC). Stablecoins pegged to the dollar effectively function as a form of ‘digital dollar’ in many cross-border transactions and digital finance applications. Expanding Reach in Developing Countries: Laboure specifically highlighted the potential for increased dollar usage in developing countries. In regions where traditional banking infrastructure may be less developed or where local currencies are unstable, dollar-pegged stablecoins can offer a more accessible and reliable medium for payments, remittances, and savings. This expands the practical use cases and geographical reach of the dollar. Essentially, the argument is that by regulating and legitimizing dollar-pegged stablecoins, the U.S. could facilitate their widespread adoption, embedding the dollar further into the global digital economy and reinforcing its position of dollar dominance . The Role of a Deutsche Bank Strategist It’s noteworthy that this analysis comes from a strategist at a major European bank like Deutsche Bank . This indicates that the potential implications of U.S. stablecoin legislation are being seriously considered within traditional global financial institutions. Strategists like Laboure analyze market trends, regulatory changes, and geopolitical shifts to advise their institutions and clients on potential impacts and opportunities. Their interest underscores the growing intersection between traditional finance and the digital asset space, and how developments in one can significantly influence the other. The focus from a Deutsche Bank strategist on a U.S. crypto bill highlights its perceived importance beyond just the cryptocurrency community. Potential Implications and the Future of the Digital Dollar The passage of the GENIUS Act is a significant step, although the full implications will unfold over time as the framework is implemented and interacts with global markets. If Laboure’s assessment is correct, we could see: Increased confidence in U.S.-issued or U.S.-regulated stablecoins internationally. Greater integration of dollar-pegged stablecoins into global payment systems and digital platforms. A potential counter-move or acceleration of CBDC development by other nations seeking to maintain their own currency’s relevance. A clearer path for institutional adoption of stablecoins for various financial activities. While not a direct government-issued CBDC, widely adopted and well-regulated dollar-pegged stablecoins could serve a similar function in propagating the use of a digital dollar equivalent globally. This could be a strategic advantage for the U.S. in the ongoing competition among global currencies in the digital age. Conclusion: A Strategic Move for Dollar Dominance? The perspective offered by the Deutsche Bank strategist , Marion Laboure, provides a compelling argument for the strategic importance of the GENIUS Act . By creating a clear regulatory environment for stablecoins, the U.S. could potentially leverage these digital assets to attract international capital, accelerate the global use of the digital dollar , and solidify its long-held position of dollar dominance , particularly in emerging markets. As the world continues to digitize, the battle for currency relevance will increasingly be fought on the playing field of stablecoins and digital currencies, making regulatory clarity a crucial strategic asset. To learn more about the latest crypto market trends, explore our article on key developments shaping stablecoin regulation institutional adoption. This post Strategic Insight: GENIUS Act Could Bolster Dollar Dominance first appeared on BitcoinWorld and is written by Editorial Team
BitcoinWorld Shocking: Over $80M in Stolen Crypto Funds from Nobitex Hack Sent to Likely Black Hole Address In the often volatile world of cryptocurrency, news of security breaches and stolen funds can send ripples through the market. A recent incident involving Iran’s largest cryptocurrency exchange, Nobitex, has once again highlighted the ever-present risks. Reports indicate that a significant sum, over $80 million worth of stolen crypto funds from the alleged Nobitex hack , has been moved to an address believed to be a ‘black hole’ – a destination from which recovery is virtually impossible. This development is a stark reminder of the importance of robust blockchain security and the challenges faced when digital assets are compromised. What Exactly Happened with the Nobitex Hack and the Stolen Funds? Details surrounding the exact nature of the alleged Nobitex hack are still emerging, but the outcome is clear: a substantial amount of digital assets was illicitly accessed and transferred out of the exchange’s control. According to Cos (余弦), the founder of the prominent blockchain security firm SlowMist, their analysis traced over $80 million in stolen crypto funds originating from the incident. This figure represents a significant blow, not only to the exchange itself but potentially to its users if those funds belonged to customer accounts. While exchanges often hold reserves, a loss of this magnitude can have severe implications for liquidity and trust. The initial report from SlowMist’s founder on X indicated the tracing of these specific funds. Blockchain analysis is a critical tool in the aftermath of such events, allowing security experts and investigators to follow the trail of illicitly moved assets across the transparent ledger. Here’s a breakdown of the key reported points: Event: Alleged security breach/hack of Nobitex exchange. Amount Involved: Over $80 million USD equivalent in various cryptocurrencies. Source of Information: Cos (余弦), founder of SlowMist, a well-regarded blockchain security firm. Key Finding: Funds were traced to a specific type of address. Why is the Destination a ‘Likely Black Hole Address’? The most concerning aspect of this news is the reported destination of the stolen crypto funds : a high-probability ‘black hole address’. But what does this term mean in the context of cryptocurrency? A ‘black hole address’ or ‘burn address’ is a cryptocurrency address that is intentionally designed to be unspendable. The private key associated with such an address is either non-existent, randomly generated in a way that makes it mathematically impossible to find, or deliberately destroyed. Common examples include the genesis address (the very first address created) or addresses composed of a long string of zeros or other easily identifiable patterns that don’t correspond to a valid private key. When funds are sent to a black hole address, they are effectively removed from circulation forever. They exist on the blockchain ledger, showing that they were transferred to that specific address, but they can never be moved out again because no one possesses the means (the private key) to authorize a transaction from it. SlowMist’s assessment that the address is a ‘high-probability black hole address’ suggests that their analysis of the address’s characteristics and history strongly indicates it is an unspendable address. This is crucial because it implies that recovering the $80 million is likely impossible. Unlike funds sent to a mixer, another exchange, or a known wallet where there might be avenues for freezing or tracing, funds in a black hole are permanently inaccessible. What Does This Mean for Nobitex and Crypto Exchange Security? The reported transfer of funds to a black hole address following the alleged Nobitex hack has significant implications: Permanent Loss: The $80 million is likely gone forever. This could impact Nobitex’s financial stability, potentially leading to losses for the exchange itself or, in the worst-case scenario, for its users if the stolen funds included customer deposits and the exchange cannot cover the loss. Blow to Trust: Security breaches, especially those resulting in unrecoverable losses, erode user trust. For an exchange, maintaining user confidence is paramount. This incident will undoubtedly raise questions about Nobitex’s security protocols and measures. Highlighting Security Vulnerabilities: Every major hack serves as a reminder that crypto exchange security is a continuous battle. Attackers are constantly seeking vulnerabilities, and exchanges must invest heavily in robust defenses, monitoring, and incident response. Regulatory Scrutiny: Incidents like this can attract attention from regulators, potentially leading to increased oversight and stricter requirements for crypto platforms, particularly in regions like Iran where the regulatory landscape for crypto can be complex. For the broader crypto ecosystem, it underscores the need for constant vigilance. While blockchain technology itself is inherently secure, the platforms and wallets built on top of it can be vulnerable to exploits, phishing attacks, and internal threats. How Does Blockchain Security Help Trace Stolen Funds? Even though the funds are likely lost forever in the black hole, the ability to trace them to that specific address is a testament to the power of blockchain security analysis. Blockchains are public ledgers, meaning every transaction is recorded and visible to anyone. Firms like SlowMist specialize in analyzing these public records. By following the flow of funds from the initial compromised addresses at Nobitex, they can track where the assets were sent. This involves sophisticated software and expertise to identify patterns, cluster addresses belonging to the same entity (like a hacker’s wallet), and ultimately trace the path of the funds. In this case, the tracing led to the identification of the ‘black hole’ address. While this doesn’t help recover the funds, it provides crucial information: Confirmation of the amount stolen that followed this specific path. Understanding the attacker’s potential motive (destroying funds rather than trying to cash out immediately via traceable means). Data points that might be useful for identifying vulnerabilities or linking this activity to other illicit actions if the attacker made mistakes elsewhere. This process is a vital part of the incident response after a hack, helping exchanges and law enforcement understand the scope of the breach and the movement of assets, even if recovery isn’t possible. What Can Users Learn from the Nobitex Incident Regarding Stolen Crypto Funds? While the Nobitex hack primarily impacts the exchange and potentially its users, it offers valuable lessons for anyone holding cryptocurrency: Don’t Store Large Amounts on Exchanges: Exchanges are convenient for trading, but they are centralized hotbeds for potential attacks. For long-term storage of significant amounts of crypto, consider using hardware wallets (cold storage) where your private keys are kept offline. Enable All Security Features: Always enable Two-Factor Authentication (2FA) on your exchange accounts. Use strong, unique passwords. Be wary of phishing attempts. Research Exchange Security: Before choosing an exchange, research its security practices, insurance funds (if any), and track record. While not foolproof, it provides some level of assurance. Be Skeptical: Be cautious of unsolicited messages, emails, or links asking for your private information or prompting you to click suspicious links. Monitor Your Accounts: Regularly check your exchange balances and transaction history for any unauthorized activity. Ultimately, the security of your crypto assets is a shared responsibility. While exchanges must implement robust crypto exchange security measures, individual users also play a critical role in protecting their own accounts and funds. Is This the End of the Road for the $80M in Stolen Crypto Funds? Based on the analysis pointing to a high-probability black hole address, the answer is almost certainly yes. Funds sent to such an address are designed to be irretrievable. This isn’t a case of funds sitting in a hacker’s wallet waiting to be laundered, where law enforcement or security firms might have a chance to intervene or trace the funds further. The fact that the attackers may have sent the funds to a black hole could suggest several possibilities: They made a mistake and accidentally sent it there (highly unlikely for such a large amount by a sophisticated attacker). They intentionally ‘burned’ the funds, perhaps as a way to eliminate the possibility of tracing, make a statement, or for reasons unknown. The black hole address might be part of a complex, multi-step laundering process, though sending directly to a known unspendable address seems counter-intuitive for recovery. The most likely scenario remains that the funds are permanently lost. This permanent loss aspect makes the Nobitex hack particularly notable among security incidents, as it closes off the possibility of fund recovery that sometimes exists in other cases where assets are traced to controllable wallets or exchanges. Conclusion: A Sobering Reminder of Crypto Security Risks The alleged Nobitex hack and the subsequent movement of over $80 million in stolen crypto funds to a likely black hole address serve as a powerful and sobering reminder of the inherent risks in the cryptocurrency space. It highlights that despite advancements in blockchain security , centralized platforms like exchanges remain attractive targets for malicious actors. The likely permanent loss of such a significant sum underscores the critical importance of exchanges prioritizing security above all else and for users to adopt best practices in managing their digital assets. While the crypto world offers exciting opportunities, vigilance and robust crypto exchange security measures, both on the platform side and the user side, are essential to navigating its challenges safely. To learn more about the latest crypto security trends, explore our article on key developments shaping blockchain security in crypto exchange security protocols. This post Shocking: Over $80M in Stolen Crypto Funds from Nobitex Hack Sent to Likely Black Hole Address first appeared on BitcoinWorld and is written by Editorial Team
Bitdeer Technologies Group priced an upsized private offering of $330 million in convertible senior notes due 2031. The Singapore-based bitcoin mining company increased the offering size from an initially announced $300 million. Bitdeer Upsizes Convertible Note Offering The 4.875% notes, maturing July 1, 2031, were sold to qualified institutional buyers. Initial purchasers hold a 13-day
Nasdaq-listed Lion Group Holding Ltd. (LGHL) announced that it has secured $600 million in funding from ATW Partners to support its new strategy focused on decentralized finance (DeFi). The funding will be used to launch the company’s Treasury Initiative focused on Hyperliquid (HYPE). The newly created HYPE Treasury aims to strategically accumulate HYPE as LGHL’s primary reserve asset. In addition, leading next-generation layer-1 blockchains such as Solana (SOL) and Sui (SUI) are also planned to be included in the treasury reserves. These assets will be held and staked by BitGo Trust Company Inc. “Hyperliquid is a natural expansion of LGHL’s existing derivatives business into decentralized markets. We believe that protocols that offer decentralized sequencing, like HYPE, are the foundational building blocks for building scalable DeFi systems,” said LGHL CEO Wilson Wang in a statement. Related News: Massive Whale Gives Up: Sells Last Remaining Holdings in This Altcoin, Suffers Losses Wang also described Solana as a leader in user-centric applications and Sui as a strategic layer-1 solution with high performance and modularity. Sui recently received investment from Eric Trump-backed World Liberty Financial. The company aims to be the first entity to list its HYPE treasury venture in Asia. In line with this, it announced that it is evaluating secondary public offering options on the Tokyo Stock Exchange (TSE) and Singapore Exchange (SGX). The move aims to expand access to a global investor base. “This $600 million funding is a clear indication that institutional investors are turning to next-generation blockchain ecosystems,” said BitGo CEO Mike Belshe. “We are proud to provide LGHL with institutional-grade custody and staking solutions on networks like Solana and Sui.” *This is not investment advice. Continue Reading: Nasdaq-Listed Company Files Application to Create $600 Million Treasury from Surprise Altcoin – Plans for Two Other Altcoins Also in the Works
FalconX is considering a public listing amid a broader crypto IPO boom, three sources told Decrypt.
The Fed's recent forecasts indicate short-term uncertainties, not long-term projections. Cryptocurrencies are at a pivotal moment, potentially leading to significant changes. Continue Reading: Powell’s Fed Speech Impacts Cryptocurrency Markets with Uncertain Shifts The post Powell’s Fed Speech Impacts Cryptocurrency Markets with Uncertain Shifts appeared first on COINTURK NEWS .
Binance, the world’s largest cryptocurrency exchange by volume, is pulling even further ahead of its rivals in the crypto spot trading arena. According to new data from The Block, Binance has captured a commanding 41.1% share of all global spot trading volume in June 2025, and the month is far from over. The volumes include trading of all cryptocurrencies listed on each platform. Binance accounts for 41.1% of all global spot trading volume in June 2025. Source: The Block Binance widens market share gap The monthly spot market volume data across cryptocurrency exchanges shows that Binance has done over $262.37 billion in June so far, further cementing its leadership position among exchanges. Its closest competitor, HTX (formerly known as Huobi), isn’t even close, with over $58.8 billion in volume so far in June. In May 2025, Binance continued its domineering position held all year, doing over $551.2 billion in volume for the month. HTX came fourth, with Bybit and Bitget making up the other top spots in May, with over $107.06 billion in volume. Bybit did over $110.32 billion, and Bitget came in third with over $107.45 billion. Coinbase, the largest U.S.-based crypto exchange, has processed $33.4 billion in monthly spot market volume in June so far, and the platform did over $84.56 billion in May 2025. A combined 34 other exchanges have done $189.78 billion in June alone, while this same group did $508.87 billion in May 2025. In many ways, this isn’t new. Binance has dominated crypto trading for years, especially after fending off waves of exchange collapses and regulatory clampdowns in 2022 and 2023. The platform hit its highest monthly spot trading volume in May 2021, recording over $1.64 trillion. The closest it has come to those highs was in March 2024, when the exchange did over $1.13 trillion in volume. Binance keeps winning Analysts point to a blend of product, pricing, and scale as the key ingredients behind Binance’s continued dominance. Binance has long championed aggressive promotions, including zero-fee trading for select Bitcoin and stablecoin pairs, drawing high-frequency traders and institutional desk flows alike. Second is liquidity, as the exchange has over 1,900 active spot pairs, Binance offers deep books, tighter spreads, and minimal slippage even during volatile periods. This makes it an attractive venue not just for whales, but also for retail traders looking for efficient execution. Thirdly, Binance continues to invest in global coverage. Fiat on-ramps are available in over 70 jurisdictions. Support is multilingual. And as of 2025, the exchange claims to run multiple regional data centers to optimize latency for traders across continents. Combined, these elements create a kind of network effect that is increasingly hard for smaller exchanges to replicate. Rising competition, but still distant While Binance’s lead has widened, some of its challengers are still gaining ground. HTX has been a constant presence in the scene. Other platforms like ByBit and Bitget saw double-digit spot volume increases in Q1 2025, albeit from smaller bases. Coinbase, despite lagging in global volume, remains dominant in the U.S and North America. and has secured key licenses in Europe. Even so, the volume gap remains massive. Unless there’s a major shakeup, through regulation, security failures, or black swan events, Binance appears likely to retain its throne. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
The fundraising comes as the company faces declining revenue and seeks to expand in the US to hedge against potential trade tensions.
BitcoinWorld Unprecedented: Binance Dominates Spot Trading Volume with One-Year High In the ever-evolving landscape of cryptocurrency trading, one name consistently stands out: Binance. Recent data highlights a significant milestone for the global exchange giant, demonstrating its continued dominance. If you’re involved in crypto trading, understanding these market dynamics is crucial. What Does Binance’s Spot Trading Volume Tell Us? According to recent analysis based on data from The Block, Binance has achieved a remarkable feat in the realm of spot trading. As of June, Binance’s share of the total crypto market spot trading volume reached an impressive 41.14%. This figure isn’t just a number; it represents the highest market share the exchange has commanded in an entire year, underscoring its significant presence and liquidity in the market. Spot trading, for those new to the term, involves the immediate purchase and sale of cryptocurrencies at their current market price. It’s a core activity for both retail and institutional traders, and the volume on a particular exchange is a strong indicator of its popularity, trust, and depth of order books. Breaking Down the Crypto Market Share While the overall spot trading volume share of 41.14% is notable, a closer look at specific assets reveals even stronger dominance in key cryptocurrencies. The data provides compelling insights: Bitcoin (BTC) Trading Share: Binance’s share of Bitcoin trading volume specifically hit 45.6% in June. This is the highest it has been since July of the previous year, indicating a strong preference among BTC traders for the Binance platform. Ethereum (ETH) Trading Share: For Ethereum, Binance has maintained a Ethereum trading volume share exceeding 50% consistently since March. This sustained majority share highlights Binance’s pivotal role in ETH liquidity and trading activity. This concentration of volume on Binance means that for many traders, it’s the go-to platform for executing large orders with minimal price impact, thanks to deep liquidity pools. It also reflects user trust and potentially competitive fees or features offered by the exchange. Why is High Market Share Important for Binance and Traders? Binance’s substantial crypto market share isn’t just a point of pride for the company; it has tangible implications for the entire ecosystem: Enhanced Liquidity: Higher volume attracts more traders, creating deeper liquidity. This makes it easier for users to buy and sell assets quickly at desired prices, reducing slippage, especially for larger trades. Network Effect: As more traders congregate on one platform, it becomes even more attractive to new users, reinforcing its dominant position. Price Discovery: With a significant portion of trading happening on Binance, the prices on its platform often become benchmarks for the broader market. Competitive Advantage: Dominance allows Binance to potentially set industry standards, attract top-tier projects for listings, and invest heavily in technology and security. For traders, this can mean tighter spreads, faster order execution, and access to a wide range of trading pairs. However, it also concentrates risk – any issues or downtime on the leading exchange can have ripple effects across the market. What Factors Contribute to Binance’s Dominance? Several factors likely contribute to Binance’s sustained and growing spot trading volume leadership: Brand Recognition and Trust: Despite regulatory challenges in various jurisdictions, Binance remains a widely recognized and generally trusted name in the crypto space, built over years of operation. Extensive Asset Offering: Binance lists a vast number of cryptocurrencies and trading pairs, catering to a broad spectrum of trader interests. Technology and Infrastructure: The platform is known for its robust trading engine capable of handling massive volumes and its continuous development of features. Ecosystem Integration: The Binance ecosystem, including Binance Smart Chain (now BNB Chain), Binance Labs, and various other services, creates a sticky environment for users. Global Reach: While facing regulatory hurdles in some regions, Binance maintains a significant global user base. These elements combine to create a powerful platform that attracts and retains a large portion of the world’s active crypto traders. Challenges and the Road Ahead Despite its impressive crypto market share , Binance is not without challenges. Regulatory scrutiny remains a significant factor globally, impacting its operations and service offerings in different countries. Competition from other established exchanges and emerging decentralized platforms also continues to evolve. Maintaining this level of dominance requires constant innovation, robust security measures, and navigating complex legal landscapes. The future will see if Binance can continue to grow its spot trading volume or if regulatory pressures and competitive forces will lead to a more fragmented market share distribution. Concluding Thoughts on Binance’s Position Binance’s achievement of its highest spot trading volume share in a year, particularly its strong hold on Bitcoin trading and Ethereum trading , is a clear indicator of its current standing as the undisputed leader in the centralized crypto exchange space. This dominance provides significant advantages in terms of liquidity and market influence, shaping the trading experience for millions globally. While challenges persist, the data underscores Binance’s enduring appeal and operational strength in the competitive world of cryptocurrency trading. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Unprecedented: Binance Dominates Spot Trading Volume with One-Year High first appeared on BitcoinWorld and is written by Editorial Team
The cryptocurrency market is experiencing a notable bearish trend as Bitcoin dips below $104,000, impacting major altcoins like XRP and Solana, while Ethereum shows resilience. Despite the overall market decline,