OKX

Valkyrie Investments has emerged victorious in offering the first-ever exchange-traded fund (ETF) featuring Ethereum (CRYPTO: ETH) futures.  What Happened: As a result of Valkyrie’s ETH ETF Futures news, there has been a surge in ETH prices, leading to the liquidation of over $11 million...

The amount of Ethereum (CRYPTO: ETH) being staked witnessed a significant surge, doubling in just a year with about 25% of all available Ethereum currently staked, up from 11% a year ago as of Sept. 22, 2023, according to a report. This rise in staking activities underscored the...

In the dynamic world of cryptocurrency trading, a handful of exchanges have emerged as dominant forces, holding a substantial share of market liquidity. What Happened: Recent data sheds light on this concentration, revealing that a mere eight platforms control the lion's share of the market...

Ethereum (CRYPTO: ETH) whales on Thursday took advantage of the drop in crypto markets to accumulate their holdings. What Happened: Lookonchain reports that four entities collectively acquired $94 million worth of ETH over the course of the past week. https://twitter.com/lookonchain/status/...

Promoting its forward-thinking position on digital currencies, a member of the Hong Kong Legislative Council has extended an open invitation to Coinbase Global Inc (NASDAQ: COIN) and other cryptocurrency exchanges to set up shop in the territory. Johnny Ng, a member of the Legislative Council...

Cryptocurrency exchange OKX has executed a monumental move by burning more than $258 million worth of its native tokens, OKB, in a three-month period between March and May. This strategized action sent the OKB tokens on an upward trajectory, while the broader cryptocurrency market showed...

In recent months, crypto behemoth Binance (CRYPTO: BNB) saw a dip in its market share by approximately 15 percentage points. Previously dominating 62% of the market in spot crypto trading volumes in February, Binance's share since slipped to an estimated 47% this month. Despite this...

Binance, the world’s largest cryptocurrency exchange, has reported a 48% decrease in spot trading volume for the second month in a row, according to CCData research firm. What Happened: The report revealed that Binance’s trading volume fell to $287 billion in April, the second-lowest...

OKX on Tuesday took a bold swipe at its major rival Coinbase (NASDAQ:COIN) by launching a new advertising campaign that calls for a complete overhaul of the industry. What Happened: Coinbase recently proclaimed in its own ad campaign that “It’s time to update the system.” ...

Traders holding long positions in futures suffered significant losses due to falling crypto prices last week, with around $650 million in longs liquidated across derivatives exchanges since April 17, according to a report. Binance and OKX saw the most significant volume at $234 million and $...

More than $55 million in cryptocurrency shorts have been wiped out in the past 12 hours, as Bitcoin (CRYPTO: BTC) crossed the $26,000 mark.  What Happened: Data from CoinGlass shows that in the past 12 hours, $69 million worth of cryptocurrencies were liquidated. The largest single...

A day after Silvergate Capital (NYSE: SI) revealed its decision to close down the bank and liquidate its assets, causing concerns of a contagion to loom over the FTX (CRYPTO: FTT) catastrophe, several cryptocurrency companies have sought to reassure the community of their financial stability....

Meme coins, such as Baby Doge Coin (CRYPTO: BABYDOGE) and Floki (CRYPTO: FLOKI), are having a neck-and-neck battle in 2023. So far this year, the entire cryptocurrency market has been performing well, with many cryptos seeing double-digit gains. Baby Doge Coin and Floki have been performing...

Cryptocurrency exchange OKX is considering a potential workforce reduction, a company spokesperson said. The OKX spokesperson declined to reveal the exact number of the potential layoffs, but stated it may effect less than 1% of OKX's global workforce. Employees that will be...

OKX, the world’s second-largest crypto exchange by trading volumes, has released its second proof-of-reserves (PoR) report to prove that it has enough assets to handle customer withdrawals. As of Tuesday at 12:00 UTC, OKX's wallets had 113,754 Bitcoin (CRYPTO: BTC), worth $1.87 billion,...