Huobi founder Leon Li in talks to sell his shares for up to $3B
Huobi Group's founder Leon Li is reportedly in talks with Tron founder Justin Sun and FTX founder Sam Bankman-Fried to sell his majority stake in the exchange.
Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
Due to having its assets frozen as a part of an ongoing investigation, crypto trading platform Hotbit announced it suspended all functions. The exchange said the services will go back to normal as soon as the assets are unfrozen.
Coinbase CEO Brian Armstrong said on an Aug. 9 earnings call that the company is keen to see "common sense frameworks for regulation" next year within the United States.
Coinbase reported the biggest loss ever in Q2, losing more than $1B over the past 3 months. Assets held on the exchange also fell to just $96 million.
Reddit has partnered with FTX Pay to allow users to buy ETH with fiat to pay for gas fees associated with Community Points transactions.
Circle said it would not have any problem with the Merge, and USDC will function efficiently on a PoS blockchain.
Binance has moved to disable off-chain transfer options with WazirX as ownership feud continues.