Exchange

OKX to Launch Mysterious Business Line in February

Wednesday. January 15 at 1:00 PM

1 min. read

OKX, a prominent cryptocurrency exchange, is preparing to unveil a new undisclosed venture in February, as revealed by founder Star Xu. The announcement has piqued interest, especially since Xu rarely shares public updates. The news of OKX's secret project has created a buzz in the crypto community, with enthusiasts like Ericsu.eth expressing excitement and anticipation for what they describe as a 'wealth code.' The upcoming launch has generated high expectations within the industry, with many eagerly awaiting OKX's next move. Despite hinting at the need for further development, Xu aims for the new product to drive innovation and boost the adoption of cryptocurrencies. Additionally, Xu shared his optimistic outlook on the crypto market, predicting a significant growth of 100 times and emphasizing the importance of holding Bitcoin. He also addressed criticisms regarding OKX's token, OKB, promising enhancements and highlighting its role within the X Layer ecosystem. OKX's OKB token was trading at $48.39 at the time of writing, showing a modest increase of 3% since the start of the week.

More news 🗞️

21Shares Files for Polkadot ETF with SEC

Saturday. February 1 at 10:00 AM

Asset management firm 21Shares has submitted an S-1 filing with the SEC for a Polkadot ETF. The company intends to list shares on the Cboe BZX Exchange. The proposed 21Shares Polkadot Trust will replicate its existing Polkadot Trust, tracking DOT prices through the CME CF Polkadot-Dollar Reference Rate. Coinbase Custody will be responsible for holding the assets. The ETF will adopt a passive investment approach, steering clear of leverage, derivatives, and active trading. Despite the announcement, Polkadot's price has not shown any significant reaction, remaining down by 10% in January. This move by 21Shares follows Tuttle Capital Management's recent proposal for a 2x leveraged Polkadot ETF, which has since been withdrawn. Grayscale has also entered the ETF arena with applications for Dogecoin, XRP, Litecoin, and Solana ETFs, alongside their Bitcoin Miners ETF. The SEC's stance on altcoin ETFs may shift under new leadership, potentially impacting the approval timeline for such funds.

Exchange

Unmatched Growth Potential in the Crypto Market

Friday. January 31 at 5:00 PM

A rising star in the cryptocurrency market, DTX Exchange (DTX), is gaining attention from analysts and traders as investors of Cardano (ADA) and Shiba Inu (SHIB) seek new opportunities. DTX is poised to lead the market in 2025, offering substantial gains to investors. Unlike other crypto projects, DTX focuses on fair token distribution, empowering all investors. Built on the VulcanX blockchain, DTX provides a secure ecosystem with promising prospects. With a low ICO price of $0.16 and expectations to reach $0.20 on major exchanges, DTX has already shown impressive returns. While Cardano and Shiba Inu face challenges, DTX stands out with its innovative approach and potential for explosive growth. Investors looking for significant returns should consider DTX, which has already delivered a 600% ROI to early backers. With a market cap of $76 million, DTX offers a compelling alternative to established cryptocurrencies like ADA and SHIB.

Exchange

Litecoin Spot ETF: Excitement and Criticism

Sunday. January 26 at 9:00 AM

Asset managers Grayscale and Coinshares have entered the race to launch a Litecoin (LTC) Spot ETF, sparking mixed reactions from the crypto community. Coinshares filed an S-1 registration form with the SEC for the COINSHARES LITECOIN ETF, while Grayscale filed a 19b-4 form for its Grayscale Litecoin Trust. This move positions them alongside Canary Capital in the quest for the first Litecoin Spot ETF. The prospect of a spot ETF has generated enthusiasm in the crypto space, with expectations of institutional adoption and price growth. However, some analysts doubt the success of a Litecoin Spot ETF, citing the asset's stagnant price history. Despite this, others point to Litecoin's network activity and utility in transactions as positive indicators. The debate surrounding the Litecoin Spot ETF continues, with Litecoin potentially becoming the next crypto asset to secure a spot ETF, ahead of competitors like Solana and XRP.

Exchange

Bitwise Registers Delaware Entity for Potential Dogecoin ETF

Thursday. January 23 at 7:00 AM

Bitwise Asset Management has established a Dogecoin ETF entity in Delaware, potentially paving the way for future exchange-traded funds centered on the popular meme coin. The firm registered 'BITWISE DOGECOIN ETF' as a statutory trust through CSC Delaware Trust Company, marking an initial administrative step towards a potential ETF launch. While the Delaware registration is significant, it is not an official ETF filing with the SEC. This move aligns with Bitwise's strategy to offer institutional crypto investment products, with previous expansions into Bitcoin, Ethereum, and now potentially Solana ETFs. The registration coincides with a trend of asset managers seeking to provide regulated crypto exposure through ETFs, as seen with recent filings for various crypto-related ETFs by other firms like VanEck. Despite the registration, Bitwise still needs to submit a comprehensive application to the SEC before any Dogecoin ETF can be introduced to the market.

Exchange