OKX Axes Privacy Tokens

Alpha-Team
December 29, 2023

📉 OKX to Delist Privacy Tokens

OKX's Decision on Privacy Tokens: OKX, a cryptocurrency exchange, plans to delist several privacy tokens like Monero by January 2024, based on feedback and guidelines.

Impact on Trading Volumes: This move reflects the challenge of balancing user privacy with regulatory compliance, despite the significant trading volume of these tokens.

User Withdrawal Advisory: Users are advised to withdraw their privacy tokens before the suspension of withdrawals in March 2024. Read More.

️ On today's Top Picks:

⚖️ US judges rules against Terraform Labs and Do Kwon.
⛏️ Celsius Network's second bankruptcy plan approved.
📉 Donald Trump allegedly sells ~$2.4M of Ethereum.
🔓 dYdX $DYDX 33.33M token unlock worth ~$106M.

Read time: ⏰ 3-9 minutes

Crypto News

• ⭐️ US judges rules Terraform Labs and Do Kwon offered and sold unregistered securities.

• ⭐️ Celsius Network's second bankruptcy plan approved which would result in the creation of a Bitcoin mining company.

• Avalanche Foundation announces it will buy meme coins using its Culture Catalyst program.

• India's Ministry of Finance issues compliance notices to 9 cryptocurrency exchanges.

• Javier Milei, President of Argentina; proposes bill requiring citizens declare cryptocurrency holdings.

• ⭐️ Donald Trump allegedly sells ~$2.4M of Ethereum.

Alpha

• Parallel Network introduces its omni-chain L2 powered by Arbitrum.

• Namada Shielded Expedition registration closing soon.

• Mantle launches free Mantle Cowboy NFT mint on Element.

• DeBank unveils 10000 Trusts Web3 Badge.

• Slingshot teases Slingshot 2.0.

• Jumper releases Jumper 2023 Wrapped NFT showcasing your stats.

• Orbiter Finance launches O-Point incentives with Layer 220.

• Pheasant Network launches New Year 2024 campaign on Galxe.

Airdrops

• 11 $0 cost airdrop strategies by Alpha Drops.

• Sleepless $AI airdrop strategy by Airdrop Official.

• veSync airdrop Strategy by Crypto Snooper.

Finance News

• Ark Invest sells more Coinbase $COIN shares worth ~$27.58M

• Ark Invest sells entire Grayscale Bitcoin Trust $GBTC holdings worth ~$200M.

• Ark Invest buys ~$92M of ProShares Bitcoin Strategy ETF $BITO.

• Marathon Digital $MARA, a Bitcoin mining company; was the most traded US stock.

• New York Times sues Microsoft $MSFT and OpenAI, accusing them of training AI using their articles without permission.

• Apple $AAPL sells latest Apple Watches again after import ban is temporarily paused by appeal court.

• Boeing $BA urges inspection of 737 Max planes for possible loose bolt.

Security and Exploits

• Levana exploited for $1.1M due to congestion attack on the Osmosis chain.

• Catalyx cryptocurrency exchange halts withdrawals and suspends trading following security breach.

Token Unlocks

• X2Y2 / 37.5M $X2Y2 / ~$504K / 29 DEC
• Optimism / 24.16M $OP / ~$87.7M / 29 DEC
• Sui / 4M $SUI / ~$3.2M / 30 DEC
⭐️ • dYdX / 33.33M $DYDX / ~$106M / 31 DEC
• Acala / 27.43M $ACA / ~$2.79M / 31 DEC

Funding

• Cumulus Encrypted Storage System (CESS), a CDN + Storage Layer1 Network; raises $8M in Series A funding.

• BRC20(.)com, a BRC20 infrastructure project; raises $1.5M in funding led by UTXO Management.

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PROTOCOL	ASSETS	APY
Solv Funds (Arbitrum)	USDT	119.84%
Curve DEX (Ethereum)	IDAIIUSDCIUSDT	75.53%
Beefy (Ethereum)	MKUSDUSDC	58.03%
Idle (Optimism)	USDT	40.30%
Aura (Arbitrum)	DOLAUSDC	39.25%
Abracadabra (Arbitrum)	MIMUSDCUSDT	34.04%
NAVI Protocol (Sui)	USDT	30.87%
Vesper (Ethereum)	FRAX	28.61%