bitkub

According to official news, the two core DeFi projects of the TRON ecosystem, the governance token JST of the JUST platform and the native token SUN of the SUN.io platform, have officially launched on Thailand's leading exchange Bitkub, fully opening deposit, withdrawal, and trading services. Leveraging Bitkub's strong influence in the Southeast Asian market, JST and SUN will accurately reach the rapidly growing user base in the region, further unleashing the market potential and value vitality of the TRON ecosystem.

According to Arkham data, at 22:19, 3000 ETH (worth approximately $8.7868 million) was transferred from Bitkub to an anonymous address (starting with 0x42a0...).

According to monitoring by The Data Nerd, a whale deposited 2,000 ETH into Bitkub, worth 5.88 million dollars. In the past week, this whale has deposited 9,700 ETH into CEX, worth approximately 28.85 million dollars.

According to Techinasia, Tencent Cloud has formed a strategic partnership with Thailand's blockchain and digital asset company Bitkub Group. Bitkub operates a large digital asset exchange in the country. Under the cooperation agreement, Bitkub will leverage Tencent Cloud's infrastructure, database, and artificial intelligence technology to support its digital asset services.After evaluating factors such as security standards, technical support, and cost-effectiveness, Bitkub chose Tencent Cloud as its partner. Both parties plan to collaborate using Tencent Cloud's services in areas such as database management, risk control, and application stability.

According to Arkham data, at 19:16, 1,000 BTC (worth approximately $90.53 million) was transferred from an anonymous address (starting with 1VHhZ3vZ...) to Bitkub. Subsequently, the address transferred some BTC to Bitkub.

According to Arkham data, at 23:18, 1,039.999 BTC (worth approximately $93.61 million) was transferred from Coinbase Prime Custody to an anonymous address (starting with bc1q5wdmd4upnq3jlh7fda3vavjzlt0wv253wa53fh).Subsequently, the address transferred 200 BTC to Bitkub.

According to Arkham data, between 17:02 and 17:08, Bitkub received two large BNB transfers, totaling 5100.02 BNB (worth approximately 4.229 million USD), both from anonymous addresses.At 17:02, 2550.01 BNB (worth approximately 2.115 million USD) was transferred from an anonymous address (starting with 0x4785...) to Bitkub.At 17:08, 2550.01 BNB (worth approximately 2.114 million USD) was transferred from an anonymous address (starting with 0x944C...) to Bitkub.

According to Arkham data, at 16:44, 2550.01 BNB (worth approximately 2.11 million USD) was transferred from an anonymous address (starting with 0xcF30...) to Bitkub.

Market News: Thailand's Cryptocurrency Exchange Bitkub is Considering an IPO in Hong KongBitkub may launch its IPO in Hong Kong as early as next year to raise approximately $200 million. (Jin Shi)

According to Arkham data, at 02:44, 2451.03 BNB (worth approximately 2.14 million USD) was transferred from Bitkub to an anonymous address (starting with 0x102F...).

ChainCatcher news, Tether announced on platform X that USDT on the TON chain has been launched on Bitkub.

ChainCatcher news, according to CoinDesk, Bitkub Capital Group CEO Jirayut Srupsrisopa stated that the owner of Thailand's cryptocurrency exchange Bitkub Online plans to sell shares to the public next year, with a possible valuation of up to $3 billion.Bitkub Capital expressed its intention to sell shares to the public in a letter to shareholders in 2023, but did not provide a specific timeline. Earlier this month, Jirayut mentioned that the plan is to conduct an IPO next year, and the company is hiring financial advisors.Thailand's largest cryptocurrency exchange provides about 80% of profits for its Bangkok-based parent company, which is 9.2% owned by Asphere Innovations. Jirayut stated that the company was valued at approximately 6 billion Thai Baht ($165 million) during its Series A funding round last July.In a message on LinkedIn, when asked about the IPO valuation, Jirayut said, "A valuation with a price-to-earnings ratio of 10-30 would place our valuation between $1 billion and $3 billion." He did not disclose how much money the company plans to raise.

ChainCatcher news, according to Bloomberg, the CEO of Bitkub Capital Group Holdings, the owner of Thailand's largest cryptocurrency exchange, Jirayut Srupsrisopa, stated in an interview on Monday that the company plans to conduct an IPO in 2025. Bitkub plans to list on the Stock Exchange of Thailand and is hiring financial advisors for the listing.

ChainCatcher news, Thailand's digital asset trading platform Bitkub Exchange and its educational branch Bitkub Academy announced a strategic partnership with WOO, aiming to promote blockchain and Web 3.0 education in Thailand.The collaboration includes the development of bitkubacademy.com, which will serve as a key platform to enhance user experience in the field of blockchain technology. The platform will also provide free access to jointly developed educational content to meet the needs of different audiences.It is reported that WOO is the operator of the globally renowned crypto exchange WOO X, founded by former Wall Street traders.

ChainCatcher news, according to Tech in Asia, regulatory documents show that Thailand-based cryptocurrency exchange Bitkub has agreed to sell a 9.22% stake in the company to local game publisher Asphere Innovations for $17.8 million. This round of financing will be used to expand digital asset services in Thailand. (Source link)

Chain Catcher news, the Chief Technology Officer of cryptocurrency exchange Bitkub, Samret Wajanasathian, has been fined 8.5 million baht (approximately $235,000) by Thailand's securities regulator for insider trading and banned from holding executive positions for 12 months by the country's Securities and Exchange Commission (SEC).The insider trading case stems from an event last November when Standard Chartered's acquisition plan was first announced. According to the SEC, Wajanasathian used this information to purchase KUB tokens worth 1.99 million baht (approximately $61,000 at the time). Subsequently, the price of KUB more than doubled immediately after the announcement. (CoinDesk)