Here is what happened yesterday in the crypto market:
OKX Exchange Expands to the US with New Regional Headquarters
Cryptocurrency exchange OKX is expanding its operations to the U.S., establishing a regional headquarters in San Jose, California. This move includes rolling out access to its platform and native OKX Wallet. Read more
Nvidia’s Losses Impact Crypto Amid Trade War Tensions
Nvidia shares crashed after hours due to a $5.5 billion charge related to U.S. restrictions on AI chips to China, souring investor sentiment in both equity and crypto markets, leading to Bitcoin’s slip alongside XRP and ADA. Read more
Trump-Linked World Liberty Financial Receives $25M Investment
DWF Labs is investing $25 million in World Liberty Financial (WLFI), a decentralized finance protocol backed by former U.S. President Donald Trump and his family, marking a significant investment in the DeFi project. Read more
US May Refinance Debt with Bitcoin Treasury Bonds
VanEck’s head of research suggests a new type of U.S. Treasury bond partially backed by Bitcoin could help refinance $14 trillion in U.S. debt. Read more
SEC’s Crypto Custody Discussions with Industry Insiders
The U.S. Securities and Exchange Commission (SEC) is holding a roundtable discussion on crypto custody with industry insiders from companies like Kraken, Exodus, and Anchorage Digital. Read more