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Canada Seizes $56M in Bitcoin, XRP and Other Crypto as It Shutters Exchange TradeOgre

by admin September 19, 2025

In brief

Crypto exchange TradeOgre stopped working months ago.
Canadian police said they shut down the exchange and seized $56 million CAD ($40.5 million USD) in crypto from the platform.
The Royal Canadian Mounted Police said it was the country’s biggest crypto seizure.

Canadian police have confiscated $56 million CAD ($40.5 million USD) in digital assets after shuttering an exchange in the country’s largest crypto seizure yet, according to a statement by the Royal Canadian Mounted Police (RCMP) on Thursday.

The RCMP said that they took down the crypto exchange TradeOgre after a tip from European authorities, and that the platform failed to comply with money laundering regulations.

TradeOgre’s website no longer works, instead showing a message that it has been seized by Canadian police. RCMP told Decrypt that it had seized Bitcoin, Ethereum, XRP, Litecoin, Tron, and Qubic so far in the operation.

“Investigators have reason to believe that the majority of funds transacted on TradeOgre came from criminal sources,” the RCMP statement said.

“The main attraction of this type of platform, which doesn’t require users to identify themselves to make an account, is that it hides the source of funds. This is a common tactic used by criminal organizations that launder money.”

It added: “The transaction data obtained from the platform will be analyzed and charges may follow. The investigation is ongoing.”

Posts on Reddit show people asking why the exchange had stopped responding and working for users two months ago.

One user wrote: “Guys, what the hell is happening at TradeOgre? They’ve been radio silent and offline for like 24 hours now, I had around 25k USDT in order deposited on the platform, is it an exit scam? What’s the latest news?”

TradeOgre did not respond to Decrypt’s request for comment.

Blockchain data firm Arkham Intelligence said in a blog post that it had been following TradeOgre transactions as millions of dollars in crypto left the exchange.

It added that the exchange allowed users to trade in privacy coins—cryptocurrecnies whose transaction data is largely hidden to allow for anonymous money movements.

Bitcoin was recently trading at $116,670, up 1.8% over the past 24 hours and nearly 3% over the past week.

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September 19, 2025 0 comments

GameFi Guides

Crypto Exchange Kraken Sees Handful of Senior Execs Depart: Source

by admin September 17, 2025

Kraken, the cryptocurrency exchange preparing for a potential public listing in the U.S. early next year, has seen the departure of four senior executives from the institutional side of the business, according to a person familiar with the matter.

Those who have recently left Kraken are: David Olsson, global head of institutional sales; Shannon Kurtas, head of exchanges and a VP of product and the Pro service; Jeff Kramer, a director of OTC trading and Sanjay K, OTC trading lead for Americas, the person said, who declined to be identified.

Kraken declined to comment on the departures, none of whom immediately responded to requests for comment.

Kraken was reported to have trimmed “hundreds” of jobs ahead of a U.S. listing planned for the first quarter of 2026. Back in April of this year, a Kraken spokesperson said the firm was “making the difficult decision to eliminate certain roles and consolidate teams where redundancies exist, while continuing to hire in key areas of the business.”

Kraken’s income in Q2 2025 was 6.8% lower than in the equivalent quarter one year ago. The San Francisco, California-based exchange reported EBITDA of $79.7 million, versus $85.5 million in Q2 2024.

Read more: Kraken Sheds ‘Hundreds’ of Jobs to Streamline Business Ahead of IPO, Sources Say

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September 17, 2025 0 comments

NFT Gaming

Little Pepe gains momentum ahead of exchange listings

by admin September 16, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Little Pepe is drawing investor attention with strong presale growth, rising liquidity, and upcoming exchange launches.

Summary

Little Pepe’s stage 12 presale at $0.0021 has raised over $24.9 million, with 15.5+ billion tokens sold.
The launch is set for Q4 2025 on top exchanges at $0.003, backed by a $777,000 giveaway.
Little Pepe is built on a Layer-2 blockchain with fast transactions, low fees, and a dedicated meme launchpad.

Dogecoin’s once-commanding position in the market is showing cracks, and September 2025 may mark a turning point for a new coin, Little Pepe (LILPEPE). Now in stage 12 at $0.0021, the project has surged 110% from its starting price, raising over $24.9 million and selling more than 15.5 billion tokens ahead of schedule.

With its listing set at $0.003, those entering now secure a 42.9% ROI, but early momentum suggests this is only the beginning. Projections point to potential gains exceeding 30x before listing, driven by accelerating token sales and growing investor confidence.

Memecoin market legends suffer dip

Dogecoin (DOGE) continues its gradual slide, currently trading at around $0.2277, having dropped from the highs of $0.2359 seen in late August, suggesting renewed bearish sentiment heading into September.

Analysts’ forecasts for the month vary, with projections ranging between $0.207 and $0.270, but current momentum leans toward the lower end of that spectrum. This decline is occurring in parallel with surging interest in newer, infrastructure-driven tokens, which may be diverting fresh capital and attention away from DOGE, a trend that’s increasingly palpable as investor focus shifts.

Launching on top exchanges with strong momentum

Little Pepe is set to debut on multiple leading centralized exchanges in Q4 2025 at a launch price of $0.003. Following a presale that has already raised over $24.9 million, the project enters the market with solid liquidity, strong visibility, and a $777,000 giveaway designed to drive early adoption and engagement.

Analysts indicate this combination of presale traction and incentives could push the market capitalization toward $1 billion shortly after launch.

Layer-2 infrastructure driving utility

At the heart of Little Pepe is an EVM-compatible Layer-2 blockchain engineered for meme tokens. The network delivers lightning-fast transactions, near-zero fees, and protection against sniper bots, addressing challenges that have slowed previous meme launches.

The upcoming Little Pepe Meme Launchpad will allow creators to deploy tokens directly on the network, generating continuous demand and reinforcing ecosystem growth.

Growing interest and community engagement

Since the presale kicked off in June 2025, Little Pepe has seen a surge in attention, with search and query volumes more than doubling in three months. This surpasses the visibility of established meme tokens like PEPE, SHIB, and DOGE. Coupled with a strong presale, confirmed exchange listings, and ongoing marketing efforts, including contests and the $777,000 giveaway, Little Pepe is shaping up as one of the most anticipated launches of the year.

Little Pepe is emerging as a major contender in the memecoin space, especially as Dogecoin struggles to regain its footing. Stage 12 tokens are priced at $0.0021, up 110% from the starting price, with over $24.9 million raised and 15.5+ billion tokens sold.

The upcoming listing at $0.003 offers early buyers a 42.9% ROI, with potential gains exceeding 30x before launch. Built on a high-speed, EVM-compatible Layer-2 network and supported by a $777,000 giveaway, Little Pepe combines liquidity, utility, and community engagement. While DOGE trades near $0.2277 and faces downward pressure, LILPEPE is capturing investor attention and setting the pace for memecoin returns. .

To learn more about Little Pepe, visit the website, Telegram, and X.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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September 16, 2025 0 comments

Crypto Trends

London Stock Exchange Group Debuts Blockchain Platform For Private Funds

by admin September 15, 2025

Update Sept. 15, 7:58 am UTC: This article has been updated to include another section on LSEG and Microsoft’s collaboration.

The London Stock Exchange Group (LSEG) launched a blockchain-based infrastructure platform for private funds, making it the first major global stock exchange to use such a system.

The platform, called Digital Markets Infrastructure (DMI), supports the full lifecycle of digital assets, from issuance and tokenization to post-trade settlement. It was developed with Microsoft and runs on Microsoft Azure, the exchange said on Monday.

LSEG said the system was designed to provide interoperability between distributed ledger technology and traditional financial systems as part of its goal to become the first global exchange group to support clients across the “full funding continuum.”

Private funds are the first asset class to go live on the DMI, with plans for additional asset classes.

As part of the initial offering, private funds on the DMI will be discoverable by Workspace’s users, enabling general partners to interact with professional investors on these platforms.

Capital management firm MembersCap and London-based Archax, a Financial Conduct Authority-regulated crypto exchange, were the first clients onboarded. MembersCap conducted the platform’s debut transaction with Archax acting as a nominee for the Cardano Foundation.

Related: RWAs: new institutional ‘trust’ layer to boost tokenized ESG investment

Microsoft, LSEG aim to unlock new opportunities for customers

Microsoft’s collaboration with LSEG on the new blockchain-based platform is a “powerful example of the innovation driving our strategic partnership,” according to Bill Borden, corporate vice president of worldwide financial services at Microsoft.

“Together, we’re reshaping the future of global finance to empower our customers to unlock new opportunities and drive meaningful change.”

Today’s private market processes are ripe for innovation. LSEG aims to improve investor access to capital markets and enhance liquidity, according to Darko Hajdukovic, head of digital markets infrastructure at LSEG.

“We intend to do this by continually working with all stakeholders to enhance efficiencies and connectivity for both digitally-native and traditional assets,” Hajdukovic said, adding that there is significant “appetite for an end-to-end, interoperable, regulated financial markets DLT infrastructure.”

Related: Trump-linked WLFI’s 40% decline causes millions in losses for crypto whales: Finance Redefined

Ultimately, the platform aims to provide more investor access to private market investment opportunities that were previously difficult to discover and participate in.

Blockchain-based incentives from traditional finance giants may accelerate the convergence of traditional and decentralized finance (DeFi), which may come sooner than most expect, according to Nelli Zaltsman, head of blockchain payments innovation at JPMorgan’s Kinexys.

“Our goal has always been to find the best way to work with the public blockchain, regulatory environment permitting,” said Zaltsman, speaking alongside Chainlink Labs co-founder Sergey Nazarov at the RWA Summit Cannes 2025.

In June, the banking giant piloted synchronized settlement technology with Chainlink, allowing JPMorgan’s blockchain-based deposits to orchestrate transactions across different blockchains.

Magazine: The one thing these 6 global crypto hubs all have in common…

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September 15, 2025 0 comments

NFT Gaming

Crypto Exchange OKX Moves Into Australia’s Self-Managed Super Fund Sector

by admin September 15, 2025

OKX is making a push into Australia’s retirement market, despite crypto still being a notably small component.

On Sunday, the exchange announced the launch of a platform for self-managed superannuation funds, or SMSFs.

These private retirement vehicles allow individuals and small groups to manage their own savings directly, offering an alternative to the industry and retail funds that still dominate Australia’s pension system.

“Adoption is already far higher than many realise: SMSF crypto holdings have grown seven times since 2021, with $1.7 billion (US$1.1 billion) to $1.8 billion (US$1.2 billion) now invested,” Kate Cooper, CEO of OKX Australia, told Decrypt.

Cooper said OKX developed the platform in consultation with trustees and industry professionals, with features such as custody, multi-signature security, and proof-of-reserves reporting across 22 tokens.

“This isn’t about chasing a trend; it’s about providing serious infrastructure for SMSF trustees choosing to include digital assets in their portfolios. Australian SMSF trustees manage more money than most sovereign wealth funds. They deserve enterprise-level solutions,” she added.

OKX claims the new expansion is designed to give both individual and corporate trustees a straightforward path to adding crypto to retirement portfolios.

It adds infrastructure that specifically addresses SMSF requirements, including end-of-year reporting for audits, compliance checks, and AUSTRAC-registered exchange services.

Digital assets have become the fastest-growing slice of superannuation, with SMSF crypto allocations up 746% between March 2020 and March 2025, according to data from OKX’s statement. Overall, SMSFs manage nearly a third of Australia’s $4 trillion retirement pool.

Fresh data from the Australian Prudential Regulation Authority shows total SMSF assets grew only 5.5% in the year to June 2025, suggesting that while digital asset allocations within those funds have surged from a low base five years ago, the broader pool of SMSF savings is expanding at a much slower pace.

Earlier this month, an Australian Tax Office report showed self-managed super funds held about A$3 billion (US$1.9 billion) in crypto at midyear, which is less than 0.3% of their assets and an even smaller share of the country’s A$4.3 trillion pension system.

SMSFs remained heavily weighted toward shares, cash, and property, with crypto allocations steady after a brief spike in early 2024, per the report.

At the time, observers noted that investors “missed the rally” by stepping back after that peak, aligning with how SMSFs remain a cautious investment product even as Asia-Pacific crypto volumes surged roughly 69% over the same period.

Still, Cooper said OKX expects to see “thousands of SMSFs onboard in the next 12 to 24 months,” with many of them switching from other exchanges.

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September 15, 2025 0 comments

GameFi Guides

200,537,614 DOGE Stuns Major Crypto Exchange, Sell Signal?

by admin September 14, 2025

Dogecoin has seen an increase in large transactions, those from large holders referred to as whales, in the last 48 hours. Blockchain data trackers reported a few large transactions for Dogecoin, with millions of coins moved between wallets and crypto exchanges.

The last 24 hours have seen 200,537,614 DOGE arrive at the crypto exchange OKEX in two separate transactions.

The two transactions reported by Whale Alert are 119,306,143 DOGE worth $34,625,784 transferred from an unknown wallet to OKEX and 81,231,471 DOGE worth $23,414,006 transferred from an unknown wallet to OKEX.

Dogecoin price

Dogecoin retreated after a sharp surge from $0.272 to $0.3075 on Saturday. DOGE surged for four straight days to a high of $0.3075, last seen in February, as investors reacted to latest Dogecoin market developments.

Ethereum price reclaims $4,500 amid strong exchange outflows

by admin September 12, 2025

Ethereum has reclaimed the $4,500 level as institutional demand and steady accumulation reinforce confidence in its long-term outlook.

Summary

Ethereum trades at $4,518, up 2.5% on the day but still 8.6% below its August 24 all-time high.
On-chain data shows 1.7M ETH was accumulated in the $4,300–$4,400 range, led by Binance outflows.
Futures open interest hit record highs on CME, reflecting growing institutional participation.

Ethereum (ETH) rose back above $4,500 on Sept. 12, trading at $4,518 at press time, up 2.5% in the past 24 hours.

The second-largest cryptocurrency is currently only 8.6% below its peak of $4,946 on Aug. 24. Although ETH has increased 4.4% in the last week, it has still dropped 2.8% over the previous month.

Trading volume for Ethereum reached $36.38 billion in the past 24 hours, down slightly by 0.30%. According to Coinglass data, derivatives volume increased 5.7% to $97.32B, while open interest climbed 2.64% to $61.72B, showing fresh positioning in the futures market.

ETH accumulation builds around $4,300–$4,400

In a Sept. 11 post on CryptoQuant, contributor Crazzyblockk noted that buyers have been steadily accumulating ETH in the $4,300–$4,400 range, with nearly 1.7 million ETH added to long-term wallets. He cited Binance as being crucial because it handled the most outflows during this accumulation phase.

While ETH deposits into Binance started from levels close to $3,150, the average cost basis for these withdrawals is approximately $4,300, indicating that long-term holders are shifting their positions as new demand increases.

Institutions drive ETH futures demand

PelinayPA, another CryptoQuant contributor, noted that open interest in CME futures has increased to all-time highs, especially for short-term contracts with maturities of 1-3 months. Longer-dated contracts are also seeing growth.

She likened the structure to previous Ethereum cycles, in which open interest was low during the 2021–2022 bull market, crashed during the 2022 bear market, and then steadily recovered from 2023–2024.

Strong institutional participation is evident in the current market, she said, with high open interest fueling both upward momentum and the possibility of more severe corrections during expiries. According to PelinayPA, if leverage does not unwind too quickly, ETH may test the $6,800 resistance by year’s end.

Ethereum price technical analysis

Price action supports a constructive outlook. ETH is still trading above its 20-day moving average, which is near $4,406, while the upper Bollinger Band at $4,654 is acting as resistance. The relative strength index is at 58 and indicating steady demand without approaching overbought territory.

Ethereun daily chart. Credit: crypto.news

Momentum has turned positive. However, conflicting signals from oscillators and the MACD imply that short-term pullbacks are still feasible. Traders might target the $4,900–$5,000 range if the price maintains a breakout above $4,654. If it fails to hold above $4,158, ETH may be vulnerable to a decline toward the $4,000 mark.

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September 12, 2025 0 comments

GameFi Guides

Gemini Valuation Could Top $3 Billion as Crypto Exchange Raises IPO Share Price

by admin September 10, 2025

In brief

Gemini is upsizing its IPO target, anticipating selling shares between $24-26.
The firm initially expected to offer more than 16 million shares between $17-19.
It will trade under the ticker GEMI when it hits the market, expected on Friday.

American crypto exchange Gemini increased its expected initial public offering (IPO) share price to a range of $24-26, potentially bringing the firm’s valuation north of $3 billion when it hits the market.

In an SEC filing dated September 9, the firm said it will offer 16,666,667 common shares of GEMI at the updated price range. Initially it anticipated offering the same amount of shares priced between $17-19.

“Financial markets are moving on-chain and digital assets are profoundly changing the way we transact and store value,” wrote the firm’s founders Tyler and Cameron Winklevoss in a letter attached to the filing. “This is the crypto frontier and we are building a super app for it. We believe Gemini is uniquely positioned to contribute to this future and ensure that you are a part of it.”

The exact date of the IPO is still outstanding, but the firm indicated it will be “as soon as practicable” relative to the effective filing date.

Gemini first made its intentions known earlier this summer, filing to go public in June, following the success of stablecoin issuer Circle’s massive IPO.

Circle similarly upsized its IPO offering amid increasing demand, jumping from $24 to $31 by the time it occurred. After hitting the market, shares were halted multiple times after the price of CRCL more than tripled on the opening day of trading.

Gemini’s IPO is being underwritten by Goldman Sachs, Cantor, and Morgan Stanley, among others, with GEMI set to trade on the Nasdaq. Shares are expected to begin trading Friday.

The firm requested that 10% of the IPO shares, or around 1.67 million shares of GEMI, be reserved for sale through “a directed share program to certain individuals and entities.”

Additionally, Gemini said in the filing that it entered into a separate agreement with Nasdaq Inc. to sell $50 million worth of shares at the IPO price, less underwriting discounts and commission.

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September 10, 2025 0 comments

Winklevoss' Gemini Offering ETH and SOL Staking in U.K.

Crypto Trends

Crypto Exchange Gemini Boosts IPO Price Range to $24-$26 Per Share

by admin September 10, 2025

Gemini, the crypto exchange run by Tyler and Cameron Winklevoss, has boosted the price range for its planned Friday IPO, the company said in an updated S1 filing on Tuesday.

The firm now expects to sell 16.67 million shares between $24 and $26 each in the public offering versus the previous range of $17-$19. At the high end of the new range, Gemini would raise more than $430 million at about a $3.1 billion valuation.

Goldman Sachs, Citigroup, Morgan Stanley and Cantor are the lead underwriters on the IPO.

Crypto native companies are increasingly looking to go public under President Trump’s more benign regulatory regime. Gemini’s public listing follows that of rival exchange Bullish (BLSH), CoinDesk’s owner, and stablecoin issuer Circle (CRCL).

Exchange giant Nasdaq (NDAQ) has entered into an agreement to buy $50 million of shares in a private placement at a per share price equal to the IPO price.

The stock will list on the Nasdaq Global Select Market under the ticker symbol GEMI.

Read more: Crypto Exchange Gemini Aims for $2.22B Valuation in U.S. IPO, Seeking to Raise $317M

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September 10, 2025 0 comments

NFT Gaming

Shiba Inu to Be Delisted From Legendary Top-Tier Crypto Exchange

by admin September 5, 2025

Shiba Inu in battle mode
Derivatives side

Shiba Inu is in the news again, but not for the reasons its owners would like. Even though SHIB has made an effort to level off around the $0.0000123 mark, the most recent delisting announcement makes it clear: the chances of a liquidity surge are slim.

Shiba Inu in battle mode

Between $0.0000120 and $0.0000130, SHIB has been battling for weeks inside a contracting triangle pattern on the price chart. There has been a decline in trading volume, indicating that neither bulls nor bears are very confident. The 200-day EMA near $0.0000139 looms overhead as resolute resistance, while the 50-day and 100-day moving averages are putting pressure on the price. The weak momentum, indicated by the RSI at 46, makes SHIB susceptible to more abrupt movements when volatility eventually returns.

SHIB/USDT Chart by TradingView

However, technicalities are only one aspect of the larger picture. The delisting of 48 perpetual contracts is scheduled for Sept. 11 at 12:00 p.m. UTC by BitMEX, one of the most well-known names in derivatives trading, because of insufficient trading interest. These contracts include the Shiba Inu’s perpetual pair, SHIBUSD. BitMEX explained that all trading will stop, and open orders will be canceled at the deadline, as is customary for early settlement.

Derivatives side

The implications of this delisting are significant, even though it only pertains to derivatives and not spot trading. Derivatives offer traders hedging options and leverage, frequently increasing the amount of activity and liquidity surrounding an asset. The loss of exposure on BitMEX and other platforms indicates that institutional and speculative demand for SHIB on the derivatives market is declining.