# Exchange Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Exchange", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Bybit Unveils 2025 Security Milestone: Intercepts $300M in Impersonalization, Scams and Frauds via New AI-Driven Risk Framework

Bybit, the world's second-largest crypto exchange, has unveiled its 2025 security achievements, highlighting the interception of $300 million in fraudulent withdrawals through its new AI-driven risk framework. The system employs a three-tier defense strategy: early warnings for low-risk patterns, real-time alerts for medium-risk withdrawals, and immediate blocking with a cooling-off period for high-risk transactions. In Q4 2025, these measures protected over 4,000 users and recovered $300 million out of $500 million in flagged withdrawals. The platform also thwarted 3 million credential stuffing attacks and identified 950 high-risk addresses. Bybit emphasizes industry collaboration, integrating intelligence from partners like TRM and Chainalysis to enhance ecosystem-wide security.

TheNewsCrypto02/27 12:27

Bybit Unveils 2025 Security Milestone: Intercepts $300M in Impersonalization, Scams and Frauds via New AI-Driven Risk Framework

TheNewsCrypto02/27 12:27

Ethereum Exchange Deposits Hit A Six-Month High: Panic Selling Or Structural Reset?

Ethereum is experiencing sustained selling pressure amid a broader shift toward caution and panic in crypto markets. A key on-chain metric shows the number of unique deposit addresses to Binance surged to a six-month high, rising from 360,000 to over 450,000. This often signals potential selling intent, as assets moved to exchanges are easier to liquidate. However, such spikes can also reflect hedging, margin replenishment, or derivatives activity rather than outright selling. The increase coincides with a sharp price decline from October's peak near $4,900 to around $1,900. This may indicate retail capitulation or traders adding collateral to avoid liquidations. While elevated deposits raise near-term volatility and selling risk, such spikes have historically occurred near market bottoms. Technically, ETH is testing key support near $1,900 and the 200-week moving average—a level critical for medium-term direction. The market remains fragile, with resistance overhead and volume patterns suggesting distribution rather than accumulation. A breakdown below support could lead to further declines, while stabilization may signal accumulation. Confirmation of a reversal requires reclaiming resistance levels and improved market participation.

bitcoinist02/26 09:03

Ethereum Exchange Deposits Hit A Six-Month High: Panic Selling Or Structural Reset?

bitcoinist02/26 09:03

Why OM trading is paused: Inside MANTRA’s rebrand, coin upgrade, and exchange suspensions

MANTRA's $OM perpetual futures trading has been temporarily paused on platforms like Coinbase Advanced and Coinbase International Exchange. This is not due to a security breach or protocol failure, but is a risk-management measure ahead of a planned, governance-approved chain upgrade and token rebrand. The upgrade involves migrating OM to the MANTRA Chain as the canonical network, retiring legacy token versions, changing the ticker to $MANTRA, and executing a 1:4 token redenomination by early March 2026. Derivatives are particularly sensitive to such changes, leading exchanges to halt perpetual futures to avoid pricing disputes. Spot trading may continue separately. Recent OM price volatility, including a sell-off and modest rebound, reflects typical pre-upgrade positioning adjustments rather than full market pricing of the changes.

ambcrypto02/25 18:48

Why OM trading is paused: Inside MANTRA’s rebrand, coin upgrade, and exchange suspensions

ambcrypto02/25 18:48

Staking Tokens for Equity: How Does Backpack's 'Users Become Shareholders' Work?

Backpack, a Solana-based wallet and exchange platform founded by ex-FTX member Armani Ferrante, has announced a novel staking-to-equity conversion plan. Users who stake the platform’s native token for at least one year can exchange it for real company equity at a fixed ratio, with 20% of equity reserved for this purpose. The platform emerged after FTX’s collapse, having lost 80% of its initial funding from FTX Ventures. It gradually built a user base through its Mad Lads NFT collection and later expanded into exchange services, securing regulatory licenses in Dubai and Europe. Backpack tokenomics includes a total supply of 1 billion tokens, with 62.5% pre-IPO allocation. The TGE will release 250 million tokens, entirely distributed to users. The project is also negotiating a $50 million funding round at a $1 billion valuation. This dual-token-and-equity model presents regulatory challenges, particularly from the SEC, which may view tokens as securities. The structure risks conflicts between token holders and equity investors. While unprecedented in crypto, Backpack’s team includes former Coinbase advisors who had previously explored similar token-equity hybrid models. This approach aims to transform users into legal co-owners, offering an alternative to the typical “peak at launch” token model. It remains a high-stakes experiment in regulatory and economic design.

比推02/25 14:46

Staking Tokens for Equity: How Does Backpack's 'Users Become Shareholders' Work?

比推02/25 14:46

MEXC Supports VND and PHP QR Code Purchases With Zero Fees

MEXC, a leading digital asset exchange, has announced support for crypto purchases using the VietQR and QRPh payment systems in Vietnam and the Philippines, respectively. This integration allows users to buy digital assets with zero fees through familiar, government-backed local payment methods. The promotion, running from February 25 to March 25, 2026, waives all platform fees for VND and PHP transactions. This move aligns with MEXC's goal to enhance digital asset accessibility by removing cost barriers and leveraging local infrastructure, catering to the region's strong crypto adoption trends.

TheNewsCrypto02/25 10:16

MEXC Supports VND and PHP QR Code Purchases With Zero Fees

TheNewsCrypto02/25 10:16

How Does Backpack's Staking Token for Equity Conversion Work?

Backpack, a Solana-based wallet and exchange platform founded by ex-FTX members, has announced a novel staking-to-equity conversion plan. Users who stake its native token for at least one year can convert those tokens into real company equity at a fixed ratio, with 20% of equity reserved for this program. This move aims to transition users from token holders to legal company owners. The platform emerged post-FTX collapse, initially focusing on wallet and NFT services (like the Mad Lads NFT collection) before launching its exchange. It has over $4000B in cumulative trading volume and $350M in user assets. Backpack’s tokenomics include a 1B total supply, with 62.5% pre-IPO allocation. The TGE releases 250M tokens (25% of total), entirely distributed to users. The model ties token release to milestones and future IPO, blending crypto incentives with traditional equity. However, the plan faces regulatory challenges, particularly from the SEC, which may classify the token as a security. Dual ownership via tokens and equity could complicate IPO efforts and investor relations. Despite risks, Backpack’s approach attempts to innovate beyond typical “token-as-reward” models by linking crypto community growth to real equity value and long-term ownership.

Odaily星球日报02/25 09:11

How Does Backpack's Staking Token for Equity Conversion Work?

Odaily星球日报02/25 09:11

How Does Backpack's Staking Token-to-Equity Conversion Work?

Backpack, a Solana-based wallet and exchange platform founded by ex-FTX members, has announced a novel staking-to-equity conversion plan. Users who stake its native token for at least one year can convert those tokens into real company equity at a fixed ratio, with 20% of equity reserved for this purpose. The platform emerged after FTX’s collapse, having lost 80% of its operational funds, and gradually built its user base through its Mad Lads NFT community and a compliant exchange. It recently acquired FTX Europe and secured regulatory licenses. Backpack’s tokenomics include a 1 billion total supply, with 62.5% pre-IPO allocation. The TGE will release 25% of tokens, entirely to users. The model ties token distribution to IPO milestones—a rare hybrid approach in crypto. This move aims to transform users from token holders into legal company owners. However, it faces significant regulatory challenges, particularly from the SEC, which may view the token as a security. The dual-structure of token and equity could also complicate IPO investor relations. While innovative, the plan operates in a regulatory grey area—attempting to bridge decentralized tokenomics with traditional equity financing.

marsbit02/25 09:10

How Does Backpack's Staking Token-to-Equity Conversion Work?

marsbit02/25 09:10

HashKey Exchange to List HSK, Enhancing the Compliant Circulation Path for the Group's Ecosystem Token

HashKey Exchange, Hong Kong's largest licensed digital asset exchange, will list HSK, the HashKey Group ecosystem token, on February 25th at 16:00 Hong Kong Time. Trading will be available exclusively to eligible professional investors. Deposit and withdrawal services for HSK are now active via HashKey Chain or the Ethereum network (ERC20). This listing marks HSK's official entry into a Hong Kong licensed trading platform, enabling regulated trading and circulation. As the native token of HashKey Group, HSK supports the Group's diverse business operations, which include licensed trading, investment and asset management, tokenization, and infrastructure services. It also functions as the native token for HashKey Chain, where it is used to pay for Gas fees. HashKey Group stated it will continue to advance its ecosystem and infrastructure development within regulatory frameworks, focusing on transparency and long-term growth to expand institutional-grade digital asset applications. Michelle Cheng, Director of HashKey Exchange, emphasized that the listing aims to enhance HSK's trading channels and liquidity, supporting broader ecosystem development in response to growing market demand for compliant and auditable blockchain infrastructure. HashKey Exchange, a subsidiary of HashKey Holdings Limited (3887.HK), is one of Hong Kong's first licensed retail virtual asset exchanges, holding Type 1, Type 7, and VATP licenses from the SFC. It is ISO 27001 and ISO 27701 certified and does not serve users in Mainland China, the U.S., and certain other jurisdictions.

marsbit02/25 06:33

HashKey Exchange to List HSK, Enhancing the Compliant Circulation Path for the Group's Ecosystem Token

marsbit02/25 06:33

Crypto Morning Brief: Meta Plans to Relaunch Stablecoin Project, Ethereum Foundation Announces Staking of Treasury Funds

Fed plans to permanently remove "reputation risk" from bank supervision, potentially easing crypto firms' "de-banking" issues. Emirates NBD explores adding Bitcoin to its portfolio, calling it "digital gold." White House denies Trump will pardon SBF. Ethereum Foundation begins staking 70K ETH from its treasury. Kraken launches regulated tokenized stock perpetual contracts for non-US users. Coinbase expands stock trading to all US users with 24/5 access. Meta plans to re-enter stablecoins in H2 2026, seeking third-party partners like Stripe, which is also considering acquiring PayPal. Crypto.com receives conditional US approval to form a national trust bank. Hong Kong’s RedotPay considers a US IPO aiming to raise over $1B. Cipher Mining shifts from Bitcoin mining to HPC data centers.

marsbit02/25 01:14

Crypto Morning Brief: Meta Plans to Relaunch Stablecoin Project, Ethereum Foundation Announces Staking of Treasury Funds

marsbit02/25 01:14

MEXC Ranks No. 1 in XAUT Perpetual Volume Globally, Demonstrating Strong Liquidity and User Activity

MEXC has achieved the top ranking in global Tether Gold (XAUT) perpetual trading volume, demonstrating strong liquidity and growing user engagement in digital commodity trading. As gold prices reached record highs in early 2026, demand for tokenized gold assets increased. MEXC expanded its real-world asset (RWA) offerings in response. Third-party data from CoinMarketCap, CoinGecko, and CoinGlass confirms MEXC's leading position, with total XAUT perpetual volume reaching $3.43 billion. The exchange is also hosting a "Commodity Zero-Fee Gala" until March 7, 2026, offering zero-fee trading on eligible pairs and a prize pool of up to $1 million. MEXC continues to prioritize user access to digital asset opportunities through zero fees, diverse offerings, and deep liquidity.

TheNewsCrypto02/24 10:20

MEXC Ranks No. 1 in XAUT Perpetual Volume Globally, Demonstrating Strong Liquidity and User Activity