Binance Spot Trading Volume Drops for Second Straight Month Amid Industry Decline
Binance, the world's largest cryptocurrency exchange, experienced a 48% drop in spot trading volume for the second consecutive month in April. This decline is in line with the industry's overall decrease in transaction levels, with centralized exchanges experiencing a 40% drop in volume. The uncertainty surrounding macroeconomic conditions such as the threat of recession and the collapse of several U.S. banks contributed to this trend. Despite this, Binance remains the largest exchange with a market share of 46%, while its competitors Coinbase and OKX accounted for only 5.60% and 5.39% of total spot trading, respectively.
OKX Launches Global Ad Campaign Calling for System Rewrite, Potentially Taking Aim at Coinbase
Crypto exchange OKX has launched a global ad campaign that takes a dig at rival exchange Coinbase's recent campaign calling for an update to the financial system. OKX's campaign argues that the system needs a complete rewrite, rather than just an update, and highlights the benefits of Web3's decentralized nature. The campaign was produced in collaboration with advertising agency BBDO New York. OKX recently announced plans to expand its crypto services to Australia, citing the country's "huge appetite" for crypto investment and trading products.
OKX Takes on Coinbase with "The System Needs a Rewrite" Campaign
OKX, a cryptocurrency trading platform, has launched a new advertising campaign that challenges rival Coinbase's recent campaign to update the system. OKX's campaign calls for a complete rewrite of the system, positioning itself as a safe option for investors in the wake of high-profile collapses and liquidity crises. Despite the recent dominance of memecoins like pepe, key cryptocurrencies like bitcoin and ethereum have rebounded significantly. OKX's new campaign represents a shift from last year's self-referential promotion and highlights the platform's partnerships with well-known brands like Manchester City Football Club and McLaren's Formula 1 racing team.
OKX Sends $60 Million in Digital Assets to Alameda Research Wallets
Crypto exchange OKX has transferred around $60 million worth of digital assets to wallets linked to failed hedge fund Alameda Research, according to data from crypto analytics platform Arkham Intelligence. The funds were spread out among 16 separate transactions and included approximately 337.9 million Mask Network tokens and $57.77 million worth of Tether stablecoin. Alameda Research currently holds over $284 million worth of assets in its crypto wallets, with its largest holdings being USDT, BitDAO, Ether, and Stargate Finance. The transfer may have been part of a recovery effort to pay back customers of Alameda's sister company, FTX.
Alameda Research Receives $57M From Crypto Exchange OKX
Alameda Research, the trading unit associated with bankrupt crypto exchange FTX, has received millions of dollars worth of tokens from crypto exchange OKX. According to data from on-chain analytics tool Arkham Intelligence, Alameda received over $57 million of tether (USDT) and $300,000 in mask (MASK) tokens from OKX on Tuesday. The receiving wallets are controlled by the FTX Bankruptcy Estate, which was created to assist creditors of both FTX and Alameda following their collapse last year.
Crypto Morning Briefing: Justin Sun Issues Apology After Sui LaunchPool Clash With Binance CEO
Blur Marketplace Revolutionizes NFT Lending With New P2P Protocol Launch; a16z Crypto Urges the UK To Consider ‘More Nuanced’ Regulatory Framework; Bitget Crypto Exchange Still Hiring, Eyes Hong Kong License, To Rebrand BitKeep Wallet
OKX Adds Pepe (PEPE) To Spot Trading Markets
OKX, a significant cryptocurrency exchange, has revealed that it will add Pepe (PEPE) to its spot trading markets. The announcement was made on May 1, and the trading and withdrawal plan has been released.
Over $137M Worth of Crypto Liquidated in 24 Hours As Market Falls
Over $137M worth of crypto were liquidated in the last 24 hours as the crypto market experienced a fall. Bitcoin fell by -2.49%, dragging most altcoins down with it. Out of $137.22 million liquidated, $62.9 million came from BTC, while Ethereum had $31.53 million.
Multiple Crypto Exchanges List Meme Coin Shiba Inu's BONE Token Amid Rising Demand
Multiple crypto exchanges have listed meme coin Shiba Inu's BONE token amid rising demand from the community. This move comes after major exchanges such as OKX and Huobi also listed BONE.
OKX’s Ex-CEO Jay Hao joins Sensorium Advisory Board to advance Web3 development
Sensorium, a leading metaverse development company pushing the boundaries in the Web3 space, has revealed that Jay Hao, former CEO of OKX — one of the world’s largest cryptocurrency exchanges — has joined their Advisory Board. This development is considered a major victory for Sensorium, as Hao leverages his extensive experience from his prominent career in the blockchain industry.
