exchange

Cryptocurrency exchange Gemini announced its third-quarter financial report, with total revenue for the quarter at $40.9 million, a year-over-year decrease of 19% and a quarter-over-quarter decrease of 10%, compared to $50.6 million in the same period last year. The net loss narrowed to $58.6 million, down from nearly $160 million in the same period last year and $107.7 million in the second quarter. After the financial report was released, Gemini Space Station Inc. (GEMI) saw its stock price rise 6.5% in after-hours trading to $2.79, but the cumulative decline for the year remains around 75%.The trading business is under significant pressure. Affected by the drop in trading volume from $16.4 billion in the same period last year to $4.5 billion, exchange business revenue fell 47% to $13.4 million, although trading volume increased by 18% quarter-over-quarter. Revenue from credit card operations decreased by 4% quarter-over-quarter to $15.5 million, while platform assets grew from $8.4 billion in the second quarter to $13.4 billion. Operating expenses decreased by 30% year-over-year to approximately $120 million. CEO Tyler Winklevoss stated that operating expenses have decreased for the third consecutive quarter, maintaining spending discipline while investing in growth.Forecasting market operations became a highlight, contributing $800,000 in revenue for the quarter, a quarter-over-quarter increase of 52%. The company is pushing to open its exchange and clearinghouse to brokers wishing to offer event contracts and signed a letter of intent with Apex Fintech Solutions in August to provide cryptocurrency event contracts, although this deal has not yet been finalized. President Cameron Winklevoss stated that Gemini 2 bets on platforms that can sustain themselves long-term will control the underlying regulated infrastructure.

The New York Federal Reserve stated that the Federal Reserve did not intervene in the foreign exchange market in the third quarter; during the same period, the U.S. Treasury had purchased yen in the foreign exchange market.

Aave posted on platform X that the loan exchange feature is now live on Aave Pro's Aave V4 Ethereum, Base, and Avalanche markets. Users can exchange loans from one asset to another without closing their positions, and this feature is supported by @CoWSwap.

The Financial Services Commission of South Korea plans to allow cryptocurrency exchanges to proactively suspend deposits and withdrawals under certain conditions when they are suspected of being attacked by hackers, and requires strengthening security monitoring.

The draft of South Korea's "Basic Law on Digital Assets," expected to be announced this month, will propose that a bank-led consortium be responsible for issuing the Korean won stablecoin. However, even if banks are responsible for issuance, exchanges and third-party payment platforms may still take on the circulation link connecting consumers and merchants, making user entry points and application scenarios key to competition.It is reported that the business integration between Upbit's operator Dunamu and Naver Financial could become an important variable. If related services are approved for integration, Dunamu could generate revenue through stablecoin transactions, while Naver Financial is expected to collect fees through merchant payments and settlements. A representative from South Korea's financial regulatory authorities pointed out that if stablecoins are used for electronic payments, related businesses may need to comply with the "Electronic Financial Transactions Act," and clarify obligations regarding the protection of recharged funds and settlement funds, transaction information management, and dispute resolution.

tZERO Group, a financial market infrastructure provider, announced that the U.S. Commodity Futures Trading Commission (CFTC) has approved its wholly-owned subsidiary tZERO DCM, LLC to register as a designated contract market (DCM), allowing it to operate a regulated derivatives exchange. Previously, on October 16, the CFTC approved tZERO DCO, LLC to register as a derivatives clearing organization (DCO). Currently, tZERO can support derivatives trading and clearing through its regulated entities.The two registrations will be incorporated into tZERO's infrastructure as a service (IaaS) business, developing trading and clearing services for financial institutions and other market participants. According to the merger agreement signed between tZERO and FG Imperii Acquisition Corp. on October 31, both DCM and DCO have been approved to constitute the first contingent milestone condition, which has now been met. tZERO's existing regulated securities infrastructure includes broker-dealers, alternative trading systems, digital asset securities custody, transfer agents, as well as clearing and settlement services.

According to screenshots circulating on social platform X, the official X account of the digital asset trading platform Websea once posted an accusatory tweet, publicly accusing the company's owner and CEO of withholding employee salaries and reimbursements, which was later deleted.The content of the screenshot shows that the poster claims employees have dedicated time and effort to the company but have not received basic salaries and work reimbursements, and alleges that the company has seemingly stopped normal operations, with management failing to provide a clear payment arrangement. The poster demands that the owner and CEO of Websea respond directly to the issues of unpaid salaries and reimbursements, publish a clear and credible payment schedule, and settle all outstanding employee payments as soon as possible, while also calling for industry attention to this matter.

PredictStreet has updated its official website to state that it uses USDC instead of USD1, claiming that the previous information is outdated. On-chain analysis has found no evidence that the platform trades using USD1; it actually uses USDC issued by Circle.An IHC spokesperson stated that the operator of PredictStreet is no longer a subsidiary of IHC. Approximately 64% of the USD1 circulation is held on Binance, while no other exchange holds more than 5%.

The decentralized oracle network Pyth Network announced that it has integrated real-time market data from the New York Stock Exchange into its data marketplace.The newly launched Level 1 market data covers five exchanges under the NYSE Group. Customers must first obtain data authorization directly from the NYSE in order to access the relevant data through Pyth.

According to TASS, the Central Bank of Russia stated that the Russian exchange can start cryptocurrency trading from November 22, 2026, but must first reach an agreement with regulatory authorities on trading rules. The Russian Ministry of Justice has registered the Central Bank of Russia's directive regarding organized trading requirements for digital currencies and digital rights.According to the regulations, exchanges must register participants in cryptocurrency trading such as brokers, trust managers, and central counterparties, maintain records of orders and transactions, and monitor trading. They must also calculate current prices, weighted average prices, market prices, and closing prices, and report trading information to the Central Bank of Russia in the same manner as existing other assets.Previously, the Central Bank of Russia finalized the rules for retail cryptocurrency trading, which will be implemented starting November 17.

According to The Block, OKX and the New York Stock Exchange's parent company Intercontinental Exchange's joint venture OKXICE plan to launch a tokenized securities trading platform on November 23, applicable to the five-year innovation exemption from the U.S. Securities and Exchange Commission (SEC).The two companies stated that they have currently confirmed 70 assets from issuers such as Coinbase, Circle, and Robinhood, as well as 59 exchange-traded funds. U.S. customers who complete the account opening process and hold a CeDeFi wallet can use the platform.The report noted that as of the documents dated November 5, 67 companies have chosen not to allow their stocks to be traded in a tokenized manner on the platform, including Meta, Tesla, and Netflix.

This week, the New York Stock Exchange chose Avalanche to provide infrastructure for its upcoming tokenized securities platform. On Monday, Ava Labs announced that Avalanche will serve as the "core ledger technology" for the tokenized securities platform being developed by the NYSE's parent company, Intercontinental Exchange. The product is designed to support 24/7 trading, clearing, and settlement of tokenized securities, pending regulatory approval.Market maker GSR research analyst Carlos Guzman stated that this is a "significant victory for the project," as the NYSE's choice of its technology for settlement greatly enhances institutional credibility and validates the value that blockchain technology brings to traditional financial infrastructure through instant settlement and programmability. Luther Maday, North America head of crypto payment company Mercuryo, mentioned that this decision was made after approximately a year of testing on Avalanche, indicating that the network has passed tests for performance, reliability, and control.Experts also remind that providing infrastructure does not necessarily mean the long-term value of the AVAX token will rise. Guzman pointed out that while the NYSE will use Avalanche infrastructure for clearing and settlement, actual transactions will still occur off-chain, with related activities running on dedicated infrastructure rather than the public C-Chain that carries most of the network's activities. Misha Putiatin, founder of Symbiotic, stated that the main challenge for Avalanche is whether it can achieve "value capture" that is difficult for other blockchains. According to Decrypt data, AVAX rose 3.6% in the past 24 hours to $8.64.

CryptoQuant analyst Darkfost stated that since October, Bitcoin has undergone a chip distribution phase, resulting in a correction of about 15%. Currently, losses dominate after the profit-taking phase of short-term holders (STH).In the past 24 hours, short-term holders have sent 48,500 BTC to exchanges, of which 47,300 were sent at a loss, making it one of the strongest STH capitulation behaviors in recent months.

According to the latest stock spot exchange rankings released by RootData, the top three exchanges are Binance, Bitget, and Gate.Among them, Binance scored 82, with a 24h public order book transaction volume of 334 million USD and a market share of 24.24%; Bitget scored 71.6, with a 24h public order book transaction volume of 83.3861 million USD and a market share of 6.04%; Gate scored 70.1, with a 24h public order book transaction volume of 65.8801 million USD and a market share of 4.77%.

According to Cointelegraph, Brazilian cryptocurrency exchange Mercado Bitcoin announced that it plans to resume deposits and withdrawals in Brazilian Reais through Brazil's instant payment system Pix starting next week. This comes more than two weeks after the exchange's hot wallet was attacked, resulting in a loss of approximately 49 million dollars.Users can only withdraw to accounts under their own names, and the settlement earnings from fixed income products will also be credited. Cryptocurrency deposits and withdrawals are still suspended, and the exchange has not announced a specific date for resumption.

Alibaba Group (09988.HK) announced on the Hong Kong Stock Exchange that the Hong Kong Stock Exchange has confirmed that the company can proceed with the proposed spin-off. Therefore, on September 11, 2026, Pingtouge submitted a listing application form (Form A1) to the Hong Kong Stock Exchange in a confidential manner, seeking approval for the listing and trading of Pingtouge's H shares on the main board of the Hong Kong Stock Exchange.The proposed spin-off is intended to be conducted through a global offering of H shares, including a public offering in Hong Kong and a placement to institutional and professional investors. After the proposed spin-off is completed, it is expected that Pingtouge will continue to be a subsidiary of the company. The proposed spin-off is subject to the approval of the Listing Committee of the Hong Kong Stock Exchange, the completion of the filing with the China Securities Regulatory Commission, and the final decision made by the company and Pingtouge.Therefore, shareholders and potential investors of the company are advised to act cautiously when buying or investing in the company's securities.

DeFiLlama data from November 10 shows that Huobi HTX had a net capital inflow of over 436 million USD in the past 24 hours, ranking first among mainstream centralized exchanges worldwide.It is reported that Huobi HTX launched 20 stock tokens and ETF-related assets including SNDK, SOXL, SPCX, CRCL, MSTR, SKHY, MU, TSLA, NVDA, etc. on November 9, and initiated a series of welfare activities such as zero transaction fees for limit orders.