- OKX took new investment from Circle, Ripple, Standard Chartered's venture arm and trading firm Qube Research at a $25 billion pre-money valuation, extending a March investment from Intercontinental Exchange at the same price.
- OKXICE filed Sunday to launch round-the-clock trading in tokenized shares of 63 US companies running on OKX's own blockchain and settled with stablecoins, while OKX launched a consumer app paying 10% on dollar stablecoins.
- Crypto majors fell 3-5% in a late evening selloff, with BTC at $83.6k, ETH at $2,580 and over $540 million in long liquidations led by ETH.
- Bitcoin ETFs saw $119 million in net inflows while ETH ETFs saw $202 million in outflows.
- Circle's promotion of DJ Khaled as part of 'Team USDC' drew backlash after replies surfaced his 2018 SEC settlement over a crypto fraud he promoted.
Quotes
“OKX took new investment from Circle, Ripple, Standard Chartered's venture arm, and trading firm Qube Research at a $25 billion pre-money valuation.”
“Every major exchange is making similar bets.”
“The internet never forgets.”