Exchanges

Hyperliquid, a decentralized perpetual futures exchange, entered the top 10 derivatives platforms by volume in Q1 2026, competing alongside Binance.

Kraken Financial became the first digital asset bank to receive a Federal Reserve master account from the Kansas City Fed, granting direct access to Fedwire.

President Trump pardoned Changpeng Zhao on October 23, 2025, more than a year after his release from a four-month federal sentence for Bank Secrecy Act violations.

Hackers stole 401,347 ETH from Bybit in the largest cryptocurrency theft on record

Hyperliquid, a specialized decentralized exchange for perpetual futures derivatives, exceeded $1 billion in daily trading volume in February 2025, operating on its custom-built layer 1 blockchain with sub-second settlement.

Tether reported $6.2 billion in net profit for 2024 as USDT market cap surged past $140 billion, driven by Treasury holdings and ecosystem adoption.

Alex Mashinsky, founder of crypto lender Celsius, was convicted on commodities and wire fraud charges after a trial in federal court.

FTX creditors began receiving distributions in early 2025 with expected recovery of 119% of claim values, though valuations were pegged to November 2022 petition date at significantly lower Bitcoin prices.

FTX bankruptcy plan approved for $12.7 billion distribution to creditors in October 2024.

Binance CEO Changpeng Zhao received four-month prison sentence for Bank Secrecy Act violations

FTX estate liquidated approximately $1 billion in Solana tokens at $64 per token via over-the-counter sales, offering buyers a 60 percent discount to prevailing market prices.

Judge Lewis Kaplan sentenced Sam Bankman-Fried to 25 years in prison on March 28 2024, finding him guilty of defrauding customers of over 8 billion dollars.

Binance achieved $100 billion in daily spot trading volume in early March 2024, marking the exchange's highest single-day volume as Bitcoin rallied toward its previous all-time high.

Spot Bitcoin ETF trading launched on January 11, 2024, with combined day-one volume of $4.6 billion across 11 approved products.

Circle filed its S-1 registration with the SEC on January 11, 2024, for a planned IPO under the NYSE ticker CRCL.

Coinbase shares rose from $35 in January to $175 by December, making it the best-performing large-cap stock of 2023.

Robinhood launched cryptocurrency trading in the European Union on December 5, 2023, through a Lithuania-based entity, listing more than 25 tokens.

Changpeng Zhao pleaded guilty to Bank Secrecy Act violations on November 21 2023, stepping down as Binance CEO amid a 4.3 billion dollar settlement.

Celsius Network bankruptcy plan confirmed by court, enabling partial recovery for creditors