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First Mover Americas: Binance.US Makes Another Run at Voyager Digital
The latest price moves in crypto markets in context for Nov. 17, 2022.
Updated Mar 3, 2023, 6:59 p.m. Published Nov 17, 2022, 1:29 p.m.
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This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.
Latest Prices
CoinDesk Market Index (CMI) 838.76 −8.4 ▼ 1.0% Bitcoin $16,572 −67.5 ▼ 0.4% Ethereum $1,201 −18.0 ▼ 1.5% S&P 500 futures 3,940.75 −27.8 ▼ 0.7% FTSE 100 7,310.54 −40.7 ▼ 0.6% Treasury Yield 10 Years 3.69% ▼ 0.1 BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)
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Binance.US is making another bid to acquire bankrupt lender Voyager Digital, according to a person familiar with the plans. Previously, the now-defunct crypto exchange FTX emerged as the “white knight” for Voyager, beating rivals Wave Financial and Binance. This time round, Wave Financial and trading platform Cross Tower are reported to be in the running. Voyager’s native coin, VGX, jumped more than 55% following CoinDesk's report.
Genesis’ crypto-lending unit has halted customer withdrawals temporarily in the wake of FTX’s collapse. The unit, which serves an institutional client base and had $2.8 billion in total active loans at the end of the third quarter, is exploring solutions, including finding a source of fresh liquidity. Genesis owner Digital Currency Group is also the parent company of CoinDesk.
El Salvador President Nayib Bukele and Tron founder Justin Sun have committed to buying one bitcoin every day amid fears that FTX’s collapse will prolong the crypto winter. The strategy of purchasing bitcoin on a set schedule instead of in reaction to market movements is known as dollar cost averaging.
Chart of the Day
- The chart shared by Stéphane Monier, chief investment officer at Lombard Odier, a Swiss private bank, shows global shipping rates have collapsed to pre-pandemic levels.
- The receding costs signal lower inflation and economic recession ahead, weakening the case for continued liquidity tightening by the Federal Reserve.
– Omkar Godbole
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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market
Tarafından sipariş edildiKuCoin
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Bilinmesi gerekenler:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
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What to know:
- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
- Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
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