The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Kraken, accusing the crypto exchange of violating federal securities laws by commingling customer and corporate funds while operating as an unregistered broker, clearing agency, and dealer. The SEC alleges that Kraken created a "significant risk" by commingling up to $33 billion in customer crypto with its own corporate assets and holding more than $5 billion worth of its customers' cash. The regulator also claims that Kraken has paid operational expenses directly from bank accounts that hold customer cash. The SEC has previously filed similar suits against Binance and Coinbase, and settled allegations against Bittrex's now-shuttered U.S. wing.

Bittrex Global has announced its decision to end its operations on the X platform. All trading activities on Bittrex Global will be disabled from December 4, 2023. After this date, customers will only be able to withdraw their assets during the liquidation process. All funds and tokens on the Bittrex Global platform are safe and reliable, and withdrawals can be made using the platform's withdrawal facilities at any time in accordance with applicable laws and terms of service. It is strongly recommended that all users log in to their accounts and withdraw their assets as soon as possible.

Data shows that as of the time of writing, the ARK Ark Fund has accumulated 314,088 shares of Coinbase stock (COIN) since November 13th, valued at approximately $31.11 million at current prices. As of Friday's close, COIN was trading at $99.05.

Binance is partnering with Gulf Energy to launch a new exchange in Thailand called Gulf Binance. Gulf Energy owns a 51% stake in the exchange, with Binance holding the remaining 49%. The exchange obtained licenses to operate in May and plans to launch in January. Binance's decision to expand into Thailand comes amid ongoing regulatory scrutiny in the US and other countries.

According to Twitter user Yu Jin's monitoring, Render Network's multi-signature address (0xB6E) transferred 2 million RNDR coins (6.16 million USD) to GSR Markets one day ago. 9 hours ago, GSR Markets (0xB34) transferred 485,000 RNDR coins (1.49 million USD) to 6 CEXs.

On November 17th, Lookonchain monitoring reported that a certain whale address has just received 49 million USDT from TetherTreasury and deposited it into Kraken and Coinbase. Since October 20th, the address has accumulated a total of 846 million USDT and has transferred all of it to trading platforms.

According to PeckShield monitoring, an address marked as FTX has transferred approximately 58.86 million TRX (approximately $6.1 million) to CEX, including Binance and Kraken.

South Korean cryptocurrency exchange Bithumb is reportedly planning to conduct an IPO in the second half of 2025, with Samsung Securities as its underwriter. The move is aimed at increasing the exchange's market share and catching up to its top domestic competitor, Upbit. Bithumb hopes to improve its image and attract more users through the IPO, which is not primarily motivated by funding. The exchange's former chairman, Lee Jeong-hoon, is also making a comeback as a registered director ahead of the possible IPO.

Cyvers Alerts on X platform stated that the hot wallet of Australian cryptocurrency exchange CoinSpot was attacked, and attackers gained about $2.4 million from two different CoinSpot hot wallets. The attackers exchanged some of the stolen ETH for 24 WBTC, then bridged the exchange to BTC, and exchanged 831 ETH for BTC through the THORChain bridge.

According to CCData and The Block's Data Dashboard, spot trading volumes on centralized exchanges increased in October for the first time in four months. CCData reported a total trading volume of $632 billion, while The Block recorded a lower figure of $516.43 billion. The increase in activity in digital asset markets was attributed to the anticipation of a potential approval of a spot bitcoin ETF and the overall bullish price action of major digital assets. Top-tier exchanges such as Coinbase and Binance also increased their market share of trading activity in the past month.