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CEX

CEXs are platforms managed by centralized organizations that facilitate the trading of cryptocurrencies, offering high liquidity and user-friendly fiat on-ramps. Leaders like Binance, OKX, and Coinbase serve as the primary gateways for institutional and retail entry. In 2026, the industry focus is on Proof of Reserves (PoR), enhanced regulatory compliance, and hybrid models that offer self-custody options. This tag provides updates on exchange security, listings, and global market trends.

4182 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
UXLINK: Both CEX and on-chain UXLINK token migration will start next week

UXLINK: Both CEX and on-chain UXLINK token migration will start next week

PANews reported on September 28th that UXLINK released the latest progress on token migration and security upgrades: 1. Security solutions have been upgraded, and the detailed plan has been approved by a third-party security consultant. 2. CEX migration will begin next week. Due to varying regulatory requirements and operational procedures across exchanges, a compensation plan will be implemented in phases through the exchanges. The new token generation process has been completed, ensuring these tokens are only used for exchange with exchanges and on-chain users. For exchanges where migration has not yet completed, these tokens will remain locked until they are transferred to exchanges and market makers (MMs). 3. On-chain user migration will also begin next week, with UXLINK covering the associated gas fees. 4. UXLINK stakers will receive all tokens and the annualized yield (APY) calculated up to October 31, 2025. 5. The token circulation and vesting schedule remains consistent with the UXLINK whitepaper. 6. The new UXLINK contract has a code-locked maximum token supply function.

Author: PANews

2025/09/28

Best Crypto Presales to Buy Now Before the Next Crypto Bull Run

Best Crypto Presales to Buy Now Before the Next Crypto Bull Run

Crypto analyst Daan Crypto Trades noted on X that the combined altcoin market cap has technically reached a new all-time high, surpassing its 2021 peak for the first time. He highlighted that Bitcoin is already trading 58% above its 2021 ATH, showing how altcoins continue to compete against each other in the current cycle. A […]

Author: The Cryptonomist

2025/09/28

Retail and Quants Fuel DEX Growth as Institutions Prefer CEXs

Retail and Quants Fuel DEX Growth as Institutions Prefer CEXs

Decentralized exchanges (DEXs) are steadily gaining popularity among retail traders and quantitative strategies, challenging the dominance of traditional centralized platforms. As innovations like Hyperliquid push the boundaries of on-chain trading speed and transparency, the landscape of crypto markets is evolving rapidly, with both sectors fueling a competitive yet potentially complementary future for crypto trading. Retail [...]

Author: Crypto Breaking News

2025/09/28

Why Are 11,500 Buyers Rushing Into BlockchainFX Presale 2025 Instead of Rollblock or SpacePay?

Why Are 11,500 Buyers Rushing Into BlockchainFX Presale 2025 Instead of Rollblock or SpacePay?

Every bull cycle creates crypto millionaire stories, but only for those who spot the best presale crypto projects 2025 before launch. In September, three names are trending across crypto market news 2025: BlockchainFX ($BFX), Rollblock ($RBLK), and SpacePay ($SPY). While all three are raising millions, BlockchainFX is emerging as the top 100x crypto presale in [...] The post Why Are 11,500 Buyers Rushing Into BlockchainFX Presale 2025 Instead of Rollblock or SpacePay? appeared first on Blockonomi.

Author: Blockonomi

2025/09/27

Ethereum ETF Headlines Signal Safety, BlockchainFX Presale Signals Scarcity With Token Prices Rising Fast

Ethereum ETF Headlines Signal Safety, BlockchainFX Presale Signals Scarcity With Token Prices Rising Fast

Now in 2025, the best crypto presale projects are where the next millionaire-making stories are being written. Among all trending […] The post Ethereum ETF Headlines Signal Safety, BlockchainFX Presale Signals Scarcity With Token Prices Rising Fast appeared first on Coindoo.

Author: Coindoo

2025/09/27

Cathie Wood’s ARK, Softbank Eye Tether Stakes In Massive Fundraising

Cathie Wood’s ARK, Softbank Eye Tether Stakes In Massive Fundraising

Hester Pierce, the United States Securities and Exchange Commissioner, popularly known in the crypto space as “Crypto Mom,” continues showcasing her relentless devotion towards crypto [...]

Author: Insidebitcoins

2025/09/27

New Crypto Projects Poised to Benefit From the UK Tokenized Banking Revolution

New Crypto Projects Poised to Benefit From the UK Tokenized Banking Revolution

The post New Crypto Projects Poised to Benefit From the UK Tokenized Banking Revolution appeared on BitcoinEthereumNews.com. Crypto News 27 September 2025 | 11:44 The financial landscape is shifting. UK banks plan to roll out tokenized customer deposits by 2026 under a Bank of England–backed pilot, setting the stage for a new era of digital money. As the banking system moves on-chain, tokens with real use cases are well placed to benefit. These aren’t just passing meme coins, but projects that combine finance, technology, and investor appeal. What follows are three new crypto projects that could thrive as the rails of money change. If tokenized deposits take hold, they may rank among the best presale opportunities of this cycle. Why Tokenized Deposits Matter UK banks are moving fast. HSBC, Barclays, NatWest, Lloyds, Santander, and Nationwide are already testing tokenized sterling deposits (GBTD) in a pilot coordinated by UK Finance. The program will run until mid-2026 and covers everyday payments, remortgaging, and even settlement of digital assets. The Bank of England has given its blessing. Governor Andrew Bailey has made it clear: tokenized deposits are the future, stablecoins are a risk. This isn’t just happening in the UK. Several European banks have announced plans to launch a euro-backed stablecoin, showing the region is also moving toward digital money. Meanwhile, in the U.S., Trump’s GENIUS Act is already reshaping the market by giving banks and institutions clearer rules for digital assets. Together, these moves highlight that tokenized finance is part of a broader global shift. The UK’s Financial Conduct Authority won’t finish its stablecoin rules until late 2026. Until then, tokenized deposits let banks issue digital cash today, without waiting on regulators. 1. Best Wallet Token ($BEST) – Utility-Packed Token With Real Demand Best Wallet Token ($BEST) is more than just a wallet add-on – it’s the engine of the Best Wallet ecosystem. Holding the token unlocks a stack…

Author: BitcoinEthereumNews

2025/09/27

New Crypto Projects Ready to Thrive as UK Banks Embrace Tokenized Deposits

New Crypto Projects Ready to Thrive as UK Banks Embrace Tokenized Deposits

As the banking system moves on-chain, tokens with real use cases are well placed to benefit. These aren’t just passing […] The post New Crypto Projects Ready to Thrive as UK Banks Embrace Tokenized Deposits appeared first on Coindoo.

Author: Coindoo

2025/09/27

How much profit can the “1:1 printing right” of stablecoins bring?

How much profit can the “1:1 printing right” of stablecoins bring?

Written by: RWA Knowledge Circle 1. Stablecoins: The “Private Money Printing Machine” of the Digital Age Over the past year, "stablecoin" has been one of the hottest buzzwords in the capital markets. A stablecoin is a digital currency pegged to a fiat currency, theoretically trading at a 1:1 ratio with the fiat currency and backed by real assets. This raises the question: If large cross-border e-commerce companies issue stablecoins to reduce transaction costs and potentially save tens of millions of yuan annually, that's reasonable. However, in reality, stablecoins are often issued by blockchain platforms and digital service providers. So, how much profit can this "1:1 money printing power" actually generate? Don't underestimate this business. The global stablecoin market landscape is clear: USDT holds a 60% market share, while USDC holds 25%. Tether, the issuer of USDT, has even made headlines: its average employee salary ranks second globally. Bloomberg also reports that it is considering selling a 3% stake for $15-20 billion, valuing it at $500 billion, comparable to OpenAI and SpaceX. Tether, why is it worth this price? (Ranking of average salary of global companies) 2. The “Money Printing Logic” of Stablecoins Traditional banks profit by accepting deposits and lending them out to earn a profit margin. Stablecoin issuers, on the other hand, collect US dollars and mint them into tokens on the blockchain. The money in hand is the source of profit. Circle (USDC issuer): It has a stable operating style and mainly invests in low-risk assets such as US Treasury bonds and cash after receiving funds to ensure a 1:1 exchange rate with the US dollar. Tether (USDT issuer): This model is more aggressive, currently holding $100 billion in reserves and earning over $4 billion annually from interest alone. Net profit is projected to reach $13.7 billion in 2024, with a profit margin of 99%. Tether's portfolio includes not only cash and US Treasury bonds, but also Bitcoin and equity investments, spanning payment infrastructure, renewable energy, artificial intelligence, tokenization, and other fields. To some extent, Tether no longer resembles a simple stablecoin company, but more like a top investment bank and asset management giant. 3. The “Stablecoin War” of DeFi Protocols Once the “printing money model” was discovered to be so profitable, it naturally attracted countless imitators. Many DeFi protocols have joined the stablecoin war: MakerDAO’s DAI: One of the First Successful Decentralized Stablecoins Innovation: It was the first to include U.S. Treasury bonds in its reserves, and at one point held more than $1 billion in short-term Treasury bonds. Revenue Distribution: Excess revenue goes into a surplus buffer, which is then used to repurchase and burn MKR governance tokens. MKR is no longer just a "governance voting right," but is directly tied to cash flow, becoming an "equity token" with real value. Frax: A small but focused "fine money printing machine" Frax's overall scale is not large, and its circulation volume has been maintained below US$500 million for a long time, but its design is extremely sophisticated. Income distribution: A portion is used to destroy FRAX tokens to maintain scarcity; A portion is allocated to stakers to enhance user stickiness; The remaining portion is invested in the sFRAX vault, which tracks the Federal Reserve interest rate, which is equivalent to providing users with a product that "follows U.S. Treasury returns." Although its scale is far smaller than Tether, Frax can still generate tens of millions of dollars in revenue each year, making it a representative example of "small scale and high efficiency". Aave’s GHO: An extension of DeFi lending The well-known lending protocol Aave launched its own stablecoin GHO in 2023. Model: When users borrow GHO, the interest paid goes directly to Aave DAO instead of to external institutions. Income distribution: approximately $20 million in interest income annually; Half of this amount is distributed to AAVE token stakers, and the other half remains in the DAO treasury for community governance and development. The current scale of GHO is approximately US$350 million, but its logic is to deeply integrate stablecoins with lending businesses to form a "vertical ecological closed loop." It can be said that "Eight Immortals crossing the sea, each showing their magical powers", every stablecoin protocol is trying to build its own private money printing machine. 4. Hidden concerns: Is it really stable? Although stablecoins reduce cross-border transaction costs and improve efficiency, they also pose many hidden risks: The anchored asset is not absolutely stable: Tether's reserves include Bitcoin, and once there is a sharp fluctuation, the stablecoin may "break away from the anchor". The revenue distribution process is not transparent: Many agreements claim that the revenue will be used for token repurchase or rewards, but the actual operation process is a "black box". Hedging strategies involve risks: The use of futures hedging models cannot theoretically guarantee 100% safety. Compared with national credit endorsement, the "creditworthiness" of private stablecoins is always limited. 5. Why is Tether worth $500 billion? Given the numerous risks, why is Tether still valued at $500 billion? The answer is: stablecoins have become the infrastructure of the digital age. It's not just a payment and settlement tool; it can also be embedded in scenarios like lending, trading, and RWA (real-world asset tokenization), providing a new channel for global capital circulation. Tether's high valuation actually reflects the market's huge expectations for the future of RWA. Of course, the implementation of compliance supervision is still a key factor in determining how far stablecoins can go in the future. Stablecoins, while seemingly just a cornerstone of the digital currency market, are actually a new form of "coinage" within the financial system. Whether it's Tether's $500 billion valuation or the proliferation of DeFi protocols, they remind us that the monetary landscape of the digital age is quietly being rewritten.

Author: PANews

2025/09/27

Grayscale: Q3 saw another localized copycat season, how will Q4 develop?

Grayscale: Q3 saw another localized copycat season, how will Q4 develop?

By Grayscale Compiled by Luffy, Foresight News Grayscale, a crypto research firm, released its Q3 2025 crypto market insights, noting that all six major cryptocurrency sectors experienced positive price returns during the quarter, but fundamentals were mixed. Bitcoin lagged behind other sectors, exhibiting characteristics of a localized altcoin season. Grayscale also highlighted three key themes: stablecoin legislation and adoption, growing trading volume on centralized exchanges, and the rise of digital asset vaults. The report also provided an outlook on potential drivers and risks for the fourth quarter. The original content is translated below: TL;DR In the third quarter of 2025, all six major cryptocurrency sectors (Crypto Sectors) had positive price returns, but fundamentals were mixed. Bitcoin has lagged behind other crypto market sectors this quarter, a pattern that could be considered an altcoin season, but with significant differences from previous cycles. The top 20 tokens in Q3 (based on volatility-adjusted price returns) highlight the importance of stablecoin legislation and adoption, rising trading volumes on centralized exchanges, and digital asset treasuries (DATs). All crypto assets are related to blockchain technology and share the same underlying market structure, but that's where the commonality ends. This asset class encompasses a wide range of software technologies, with applications spanning consumer finance, artificial intelligence (AI), media and entertainment, and other sectors. To help streamline the market, the Grayscale research team, in collaboration with FTSE Russell, developed a proprietary classification system called "Crypto Sector." This framework covers six distinct market sectors (see Figure 1), encompassing 261 tokens with a combined market capitalization of $3.5 trillion. Figure 1: Cryptocurrency sector framework Blockchain fundamentals metrics While blockchains aren't traditional businesses, we can still use analogies to measure their economic activity and financial health. The three core metrics for on-chain activity are user base, transaction volume, and transaction fees. Due to the anonymity of blockchains, analysts often use active addresses (blockchain addresses with at least one transaction) as a proxy for user numbers. In the third quarter, fundamentals across various cryptocurrency sectors were mixed (see Figure 2). On the negative side, both the "Currency Sector" and the "Smart Contract Platform Sector" saw month-over-month declines in user numbers, transaction volume, and fees. Overall, speculative activity related to meme coins has continued to cool since the first quarter, directly leading to a decline in both trading volume and activity. One positive signal worth noting is that blockchain application layer fees increased by 28% month-over-month. This growth was primarily driven by a handful of leading high-fee applications, including: (1) Jupiter, a decentralized exchange within the Solana ecosystem; (2) Aave, a leading lending protocol in the crypto space; and (3) Hyperliquid, a leading perpetual swap exchange. On an annualized basis, application layer fee revenue has now exceeded $10 billion. Blockchain is both a digital transaction network and an application development platform; therefore, the growth in application layer fees can be seen as an important signal of increasing blockchain technology adoption. Figure 2: Mixed fundamentals across cryptocurrency sectors in Q3 2025 Price Performance Tracking In the second quarter, all six major cryptocurrency sectors experienced positive price returns (see Chart 3). Bitcoin underperformed other market sectors this quarter, a pattern that could be considered an "alt season," but one that differs significantly from previous periods of declining Bitcoin dominance. The financial sector led gains, primarily benefiting from increased trading volume on centralized exchanges (CEXs). The rise in the smart contract platform sector may be related to the advancement of stablecoin legislation and its implementation. While all sectors achieved positive returns, the AI sector lagged behind other sectors, a trend consistent with the sluggish returns of AI stocks during the same period. The currency sector also underperformed, reflecting the relatively modest gains in Bitcoin prices. Chart 3: Bitcoin underperforms other crypto market sectors The diverse nature of the cryptoasset class means that dominant themes and leading sectors often shift. Figure 4 shows the top 20 tokens by volatility-adjusted price returns within the Crypto Sector Index for Q3. This list includes large-cap tokens with market capitalizations exceeding $10 billion (such as ETH, BNB, SOL, LINK, and AVAX), as well as some small- and mid-cap tokens with market capitalizations below $500 million. In terms of sector distribution, the "Financials" sector (seven assets) and the "Smart Contract Platforms" sector (five assets) dominated the top 20 list this quarter. Chart 4: Top risk-adjusted performers in the cryptocurrency sector We believe there are three key themes that stand out in the futures market: The rise of digital asset treasuries (DATs): Last quarter saw a significant increase in the number of digital asset treasuries (DATs), which are publicly listed companies that add crypto assets to their balance sheets, providing crypto exposure to equity investors. Several tokens in this quarter's top 20 (including ETH, SOL, BNB, ENA, and CRO) may have benefited from the launch of new DATs. Accelerating Stablecoin Adoption: Stablecoin legislation and implementation were another key theme last quarter. On July 18, President Trump signed the GENIUS Act, establishing a comprehensive regulatory framework for the US stablecoin market. Following its passage, stablecoin adoption accelerated significantly, with circulating supply increasing by 16% to over $290 billion (see Chart 5). The direct beneficiaries were smart contract platforms that facilitate stablecoin trading, including ETH, TRX, and AVAX, with AVAX experiencing significant growth in stablecoin trading volume. Stablecoin issuer Ethena also achieved strong price returns, despite its USDe stablecoin not being compliant with the GENIUS Act. Chart 5: Stablecoin supply increased this quarter, with the Ethereum ecosystem making a significant contribution Exchange trading volume rebounded: The third major theme was the active exchange sector. In August, centralized exchange trading volume reached a new monthly high since January (see Chart 6). This trend benefited several assets associated with centralized exchanges, including BNB, CRO, OKB, and KCS, all of which entered the top 20 list this quarter (some of which are also associated with smart contract platforms). Meanwhile, the decentralized perpetual swaps sector continues to heat up. Hyperliquid, a leading perpetual swaps exchange, saw significant expansion this quarter, ranking among the top three cryptoasset exchanges in terms of fee revenue. Smaller competitor DRIFT, surging in trading volume, successfully entered the top 20 cryptocurrency sector. Another decentralized perpetual swaps protocol, ASTER, launched in mid-September and saw its market capitalization soar from $145 million to $3.4 billion in just one week. Chart 6: Perpetual swap trading volume on centralized exchanges hit a new high in August Fourth Quarter Outlook In Q4, the drivers of cryptocurrency sector returns are likely to differ from those in Q3. Key potential catalysts include: First, the relevant U.S. Senate committee has begun advancing legislation on cryptocurrency market structure, following the bipartisan passage of the relevant bill in the House of Representatives in July. This bill will provide a comprehensive financial services regulatory framework for the crypto industry, potentially promoting the deep integration of the crypto market with traditional financial services. Secondly, the U.S. Securities and Exchange Commission (SEC) has approved universal listing standards for commodity exchange-traded products (ETPs). This move could make more crypto assets available to U.S. investors through ETP structures, further expanding market access. Finally, the macroeconomic environment is likely to continue evolving. Last week, the Federal Reserve announced a 25 basis point interest rate cut and hinted at two more rate cuts this year. Crypto assets are expected to benefit from this rate cut, as it reduces the opportunity cost of holding non-interest-bearing assets and may increase investor risk appetite. Meanwhile, a weak US labor market, high stock market valuations, and geopolitical uncertainty will be key downside risks for the crypto market in the fourth quarter.

Author: PANews

2025/09/27

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