OKX Exchange plans to compensate users after a 48% flash crash in its token (OKB), wiping out $6.5 billion. The crash, linked to GBTC's Bitcoin sale and FTX's large GBTC ETF shares liquidation, highlights market volatility. OKX, focusing on regulatory compliance, faces challenges in the ever-fluctuating cryptocurrency landscape.
Cheng Yuan
JinseFinanceThe decentralized finance (DeFi) sector recorded massive losses in 2022.
BitcoinistHuobi Token briefly tanked below $0.40. HT managed to recover, but is still down 20% on the day.
BeincryptoPlatypusDefi’s stablecoin, Platypus USD, suddenly dropped more than 52%, and the on-chain evidence points to a flash loan exploit.
TheBlockThe popular DEX said Monday that it had closed its lending protocol QuickSwap Lend.
OthersVICTORIA, Seychelles, Aug. 23, 2022 (GLOBE NEWSWIRE) -- OKX, the world-leading cryptocurrency platform, has issued business updates for the week of August 23, 2022: OKX Earn launches Smart Gain ...
GlobenewswireETH managed a sharp rebound after falling to $950. But the ETH/USD bearish continuation setup could have it revisit it.
CointelegraphThe company's board of directors unanimously approved the deal on Monday but added it was still "subject to the approval of Twitter stockholders."
CointelegraphBinance is among 18 co-investors in Elon Musk's Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company.
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