OKX Ventures buys $53 million stake in Korea’s Coinone exchange
The crypto exchange’s investment arm and Korea Investment & Securities will each invest 80 billion won ($53 million) as Coinone pushes into stablecoins and tokenized securities.
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The crypto exchange’s investment arm and Korea Investment & Securities will each invest 80 billion won ($53 million) as Coinone pushes into stablecoins and tokenized securities.
XRP snapped a streak of lower lows on heavy buying, though the token remains stuck below major resistance levels that have capped every rally this year.
Global stocks hit records and oil cracked on a tentative US-Iran ceasefire extension. Crypto stayed on the sidelines, with some analysts saying the next catalyst is regulatory, not geopolitical.
A record high in long-term holder supply typically signals conviction. CryptoQuant says it reflects a shortage of new buyers, a view echoed by weakening ETF demand and bearish prediction market odds.
As more than $1 billion exited spot Bitcoin ETFs last week, Calamos says investors are rotating into Bitcoin products with built-in downside protection.
FalconX has hired Cantor and other bankers to advise on a potential IPO and confidentially filed draft paperwork with the SEC, though the listing is not expected until later this year amid volatile market conditions.
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In this week’s edition of The Protocol Newsletter, we’re diving deep into the institution that has been the main steward for the Ethereum blockchain, and why its been back in the spotlight.
USAT’s market cap jumped above $140 million in April, though it remains well behind Circle’s USDC, PayPal’s PYUSD and Ripple’s RLUSD tokens.
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