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.

4255 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Everything can be "contractualized": A revelation from pre-IPO on-chain experiments

Everything can be "contractualized": A revelation from pre-IPO on-chain experiments

How many types of assets are being traded on the blockchain? Most of them are native crypto tokens and stablecoins. This year, however, there has been an increase in high-growth RWAs (Real-World Assets) such as bonds, stocks, and gold. Innovation continues: Recently, leading decentralized exchange Hyperliquid launched a perpetual contract for artificial intelligence unicorn OpenAI. Yes, based on the Hyperliquid HIP-3 infrastructure, the decentralized derivatives platform Ventures has deployed perpetual contracts with SpaceX, OpenAI, and Anthropic. The platform offers 3x leverage, and the open interest cap has been increased from $1 million to $3 million. This token can be seen as a "perpetual contract" of pre-IPO assets. This definition is highly imaginative. In traditional financial markets, pre-IPO equity transactions are strictly regulated and extremely restricted. Combining pre-IPO with perpetual contracts, without involving actual equity delivery, but rather engaging in "contractual valuation games," allows assets that would otherwise lack liquidity to "create something from nothing," thus gaining greater market potential. The positive signs are: after the launch, the trading activity of the contracts has increased slightly, and both the trading volume and price have fluctuated within a certain range, reflecting a certain market demand for Pre-IPO asset trading. However, the early low-liquidity market still faces many challenges: Are oracles stable? Are risk control mechanisms reliable? These are all key prerequisites for its continued development. Regardless, the PerpDEX sector has accelerated significantly this year, and Pre-IPO Tokens have the potential to reshape the on-chain derivatives landscape. Hyperliquid founder Jeff predicts that the perpetual contract market for "any asset" will create a billion-dollar market opportunity as finance becomes fully on-chain, with mobile applications designed for non-crypto users. What are your thoughts on "contractual" Pre-IPO Tokens? Core: The authenticity and credibility of price data As part of the RWA asset range, its feasibility depends on the standardization of the underlying assets. Pre-IPO assets have a reliable price source to some extent. How to continuously, stably, and verifiably provide a price for Pre-IPO assets that is closer to the true valuation requires rigorous observation of the oracle mechanism (a third-party service tool used to obtain, verify external information and transmit it to smart contracts running on the blockchain), which is also the key to the sustainability of the entire track. Policy arbitrage opportunities The regulatory environment remains ambiguous. The US CFTC's "innovation exemption" provides a regulatory sandbox for innovative derivatives; the EU's MiCA primarily focuses on spot trading; and perpetual contracts still have some room for innovation. Hyperliquid provides liquidity to unlisted assets through the "contractual, non-physical delivery" approach offered by HIP-3, which can be seen as providing an on-chain alternative to "restricted transactions". The "innovation" brought about by native encryption The on-chain contract speculative valuation brought about by Pre-IPO Tokens can, to some extent, reflect retail investors' views on the valuation of private companies, thus generating a wider impact. If the market continues to develop, it has the potential to form a "shadow market for restricted trading instruments," a new market brought about by Web3 technological innovation. Competition intensifies on the PerpDEX track Looking at the Perp DEX sector, in order to compete for market share and liquidity, DEXs are constantly exploring new, high-growth trading instruments to attract more users. In the initial data, trading volume of pre-IPO assets such as OpenAI was relatively limited, with the main impact concentrated on innovative experiments. However, if RWA-like perpetual contracts continue to be introduced, it could potentially lead to a redistribution of liquidity between crypto assets and traditional assets. The wave of "contracting everything for perpetual sustainability" 2025 will be a turbulent year. On the one hand, the crypto market is in a period of intense events and is very volatile. On the other hand, RWA is on the rise and RWA + perpetual contracts are also evolving rapidly. This is a trend of "full perpetual contractification" from crypto assets to traditional financial instruments: Prior to this, the public chain Injective had been working hard in the field of tokenized stock perpetual contracts. As of the first half of 2025, through its Helix DEX, it had accumulated a trading volume of more than $1 billion and could provide leverage of up to 25 times. Although the current trading volume of RWA perpetual contracts is relatively limited, it is demonstrating that decentralized infrastructure has the capability to support complex financial products, laying the technical and community foundation for the large-scale on-chaining of traditional assets in the future. This innovation will force traditional financial institutions to seriously consider how to use blockchain technology to reduce transaction costs and improve efficiency, and may ultimately drive the development of RWA tokenization and on-chain derivatives.

Author: PANews
Pi Network Price Prediction Ahead of DEC 190M Scheduled Unlock

Pi Network Price Prediction Ahead of DEC 190M Scheduled Unlock

The post Pi Network Price Prediction Ahead of DEC 190M Scheduled Unlock appeared on BitcoinEthereumNews.com. Today’s sharp market crash pushed major assets lower, and the Pi Network price also moved into the red as fear spread across the market. The liquidity became diluted in a number of pairs and the response was stiffer than normal. In the meantime, the Pi coin price fell by almost 10% and bounced back to a comfortable support level. The downturn put Pi within a delicate zone that currently influences short-term anticipations. Now attention goes to the unlock in December that brings about a supply window that affects the short-term direction of Pi. Pi December Unlock Opens Supply Pressure Window The Pi December unlock adds 190 million new tokens, and this event now sets short-term expectations for the Pi Network price. The unlock is worth around $43 million at the moment, as traders pay attention to the timing. At the moment, there is not much liquidity, and new supply flows through the chart faster than normal. Over time, such an environment makes things more volatile since modest orders cause big swings. Unlock cycles have stayed the same since early 2025, but this timeframe is more important because sentiment has already dropped. 🚨December’s ~190M PI token unlock is not just about supply; it’s a measure of our ecosystem’s maturity. With MiCA compliance securing our EU footing and new gaming utility via CiDi Games, we’re building the demand to meet it. The focus is on long-term value.🗣 #PiNetwork pic.twitter.com/D0cexaf1SM — PiNetwork DEX⚡️阿龙 (@fen_leng) December 1, 2025 Besides the unlock, the Pi team recently announced a partnership with CiDi Games to make Pi more useful in the real world through gaming. CiDi wants to add Pi to its games so that players may spend and use the token in more ways. The developers said that gaming would fit well with Pi’s ecology. This…

Author: BitcoinEthereumNews
Why Ripple’s RLUSD stablecoin thrives on Ethereum over XRPL

Why Ripple’s RLUSD stablecoin thrives on Ethereum over XRPL

The post Why Ripple’s RLUSD stablecoin thrives on Ethereum over XRPL appeared on BitcoinEthereumNews.com. Ripple’s RLUSD stablecoin is rapidly expanding on Ethereum rather than the company’s native XRP Ledger (XRPL). According to CryptoSlate data, RLUSD’s total circulating supply has surged to $1.26 billion within 12 months of its launch. Of this, roughly $1.03 billion, or 82% of the total supply, resides on Ethereum, while the $235 million balance is on XRPL. Graph showing Ripple RLUSD supply on Ethereum and XRPL from November 2024 to November 2025 (Source: DeFiLlama) These numbers show that the market seems to favor the deep liquidity and composability of the Ethereum Virtual Machine over the more compliance-focused architecture of the XRPL. Why RLUSD is growing on Ethereum The primary driver of this disparity is the maturity of the underlying financial stack. On Ethereum, RLUSD entered an environment where dollar liquidity is already entrenched. Data from DeFiLlama confirms that Ethereum continues to lead all chains in total value locked (TVL) and stablecoin supply, providing a turnkey ecosystem for new assets. Screengrab showing Ethereum’s key DeFi metrics on Nov. 29, 2025 (Source: DeFiLlama) So, any new stablecoin that can plug into major DeFi protocols like Aave, Curve, and Uniswap immediately benefits from existing routing engines, collateral frameworks, and risk models. RLUSD’s presence on Aave and Curve confirms this. The USDC/RLUSD pool on Curve now holds approximately $74 million in liquidity, ranking it among the larger stablecoin pools on the platform. For institutional treasuries, market makers, and arbitrage desks, this depth is non-negotiable. It ensures low-slippage execution for trades in the tens of millions, facilitating basis trades and yield-farming strategies that drive modern crypto capital markets. On the other hand, the XRPL is still in the nascent stages of building a DeFi foundation. Its protocol-level automated market maker (AMM) went live only in 2024. So all RLUSD-related pools on the ledger, such as the…

Author: BitcoinEthereumNews
Ethereum quietly becomes the real home of RLUSD — leaving XRPL users stuck in the slow lane

Ethereum quietly becomes the real home of RLUSD — leaving XRPL users stuck in the slow lane

Ripple’s RLUSD stablecoin is rapidly expanding on Ethereum rather than the company’s native XRP Ledger (XRPL). According to CryptoSlate data, RLUSD’s total circulating supply has surged to $1.26 billion within 12 months of its launch. Of this, roughly $1.03 billion, or 82% of the total supply, resides on Ethereum, while the $235 million balance is on […] The post Ethereum quietly becomes the real home of RLUSD — leaving XRPL users stuck in the slow lane appeared first on CryptoSlate.

Author: CryptoSlate
Bitcoin Reflects Energy As The ‘True Currency,’ Elon Musk Says

Bitcoin Reflects Energy As The ‘True Currency,’ Elon Musk Says

Tesla and SpaceX chief Elon Musk has stoked fresh debate about Bitcoin after a recent social post in which he said the cryptocurrency is “based on energy” and that energy cannot be faked. The comment, posted on X, quickly drew attention from investors and politicians alike. Related Reading: XRP Price Suppression? Analyst Points To Big […]

Author: Bitcoinist
Shiba Inu Volatility Returns, Pushing Investors Toward Remittix’s Growing PayFi Ecosystem

Shiba Inu Volatility Returns, Pushing Investors Toward Remittix’s Growing PayFi Ecosystem

The volatility of Shiba Inu has clearly returned to the market, with traders reassessing short-term risk as activity increases across major centralized exchanges. The renewed movement has led some holders to explore projects with clearer product rollouts, and Remittix continues to be one of the names gaining attention because of its expanding PayFi roadmap. With [...] The post Shiba Inu Volatility Returns, Pushing Investors Toward Remittix’s Growing PayFi Ecosystem appeared first on Blockonomi.

Author: Blockonomi
Musk Calls Bitcoin A ‘Fundamental, Physics-Based Currency’

Musk Calls Bitcoin A ‘Fundamental, Physics-Based Currency’

The post Musk Calls Bitcoin A ‘Fundamental, Physics-Based Currency’ appeared on BitcoinEthereumNews.com. Tesla and SpaceX CEO Elon Musk has reignited some discussion around Bitcoin, describing it as a “fundamental physics-based currency” grounded in energy.  Speaking on a recent podcast with Nikhil Kamath, Musk emphasized that Bitcoin’s value is tied to real-world energy expenditure, highlighting a distinction between digital assets and traditional fiat currencies. “Energy is the true currency,” Musk said. “This is why I said Bitcoin is based on energy. You can’t legislate energy. You can’t just, you know… pass a law and suddenly have a lot of energy.”  The Tesla founder drew attention to the difficulty of producing and harnessing energy, linking it to Bitcoin’s proof-of-work system, which requires substantial computational power and electricity to secure the network. He also referenced the Kardashev scale — a method for measuring a civilization’s energy consumption — as a lens for understanding societal progress. He suggested that evaluating a civilization by its capacity to generate and manage energy mirrors Bitcoin’s design principles, where scarcity and computational effort underpin value. Looking further ahead, Musk proposed that advancements in artificial intelligence and robotics could render money obsolete. “In a future where anyone can have anything, I think that you no longer need money as a database for labor allocation,” he said, citing Iain M. Banks’ post-scarcity Culture series as a blueprint for societies where super-intelligent machines manage resources without monetary systems. Musk: You can’t print energy Musk also underscored the unique qualities of Bitcoin. Unlike fiat money, which governments can print at will, Bitcoin’s proof-of-work system ties its creation to energy and computing power, giving it a built-in scarcity and relative independence from political influence.  “Governments can print money, but they cannot print energy,” Musk said. While Musk envisions a future where energy might serve as a more fundamental measure of value, he acknowledged that traditional…

Author: BitcoinEthereumNews
569 XRP Whales Disappear—Yet Whale Holdings Hit 7-Year High. What’s Going On?

569 XRP Whales Disappear—Yet Whale Holdings Hit 7-Year High. What’s Going On?

The post 569 XRP Whales Disappear—Yet Whale Holdings Hit 7-Year High. What’s Going On? appeared first on Coinpedia Fintech News The cryptocurrency market ended the month on a bearish note, with the Bitcoin (BTC) price falling below $84,000 and the XRP price dropping to $1.98. Although both tokens have recovered to above $85,000 and $2, the prospect of a deeper correction continues to haunt the rally. With selling pressure soaring due to a nearly 180% …

Author: CoinPedia
Gold Closes in On All-Time High as Crypto, Stocks Tumble

Gold Closes in On All-Time High as Crypto, Stocks Tumble

The post Gold Closes in On All-Time High as Crypto, Stocks Tumble appeared on BitcoinEthereumNews.com. In brief Gold futures are trading within 3% of their all-time high, just $130 away from a new record. An analyst says gold’s rise is fueled by investor caution and expectations for a December Fed rate cut. Per their analysis, risk assets look weak because the liquidity effect from ending quantitative tightening is delayed. Gold is up nearly 1% on Monday, while risk-on assets such as cryptos and stocks are down amid macro uncertainty. Gold futures contracts are trading at $4,262.35, just 2.95% below their record high of $4,381.44. The precious metal is within $130 of setting a new all-time peak. Bitcoin’s overnight crash has shrunk the total market cap of all cryptocurrencies by over 6% on the day, from $3.191 trillion to $3.016 trillion. Bitcoin is down 6% on the day and is currently trading at just under $86,000, according to CoinGecko data. The S&P 500 index is down 0.5% in premarket trading, reflecting bearish sentiment among U.S. equity investors. Gold’s steady rise in November can be attributed to “growing caution among investors and recently rising expectations for a December rate cut,” Illia Otychenko, Lead Analyst at CEX.IO, told Decrypt. Gold fueled by Fed speculation Rising speculation that the next Fed chair will be more dovish is adding to gold’s demand, Otychenko said. Though the odds of a quarter-point rate hike in December hover around 88% according to the CME FedWatch tool, investors remain cautious amid data gaps following the government shutdown. Users on prediction market Myriad, owned by Decrypt’s parent company Dastan, assign an 86% chance that the Federal Reserve will cut interest rates by 25 basis points in December, while placing just a 9% chance on Jerome Powell exiting the Fed Chair by year’s end.  “As a result, many are moving away from risk or remain…

Author: BitcoinEthereumNews
Elon Musk Calls Bitcoin a ‘Fundamental’ And ‘Physics-Based Currency’

Elon Musk Calls Bitcoin a ‘Fundamental’ And ‘Physics-Based Currency’

Bitcoin Magazine Elon Musk Calls Bitcoin a ‘Fundamental’ And ‘Physics-Based Currency’ Elon Musk called Bitcoin a “physics-based currency” tied to energy and suggested that advances in AI and robotics could eventually make money obsolete. This post Elon Musk Calls Bitcoin a ‘Fundamental’ And ‘Physics-Based Currency’ first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Author: bitcoinmagazine