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Press Release

Binance Lists KAITO: Trading Starts February 20

by Ouess
written by Ouess

Binance and OKX to list KAITO, sparking major interest in the crypto community. Will it surge or face a post-listing sell-off?

Source : X

KAITO Token Set to Launch on Binance

Binance, the world’s largest crypto exchange, announced the listing of KAITO, with trading set to go live on February 20 at 13:00 UTC. This news comes just days after Kaito released its whitepaper, outlining its AI-powered tokenization of social media content.

KAITO Trading Pairs and Market Entry

Users can trade KAITO against:
✔️ BTC
✔️ USDT
✔️ USDC
✔️ BNB
✔️ FDUSD
✔️ TRY

Binance will also assign a “Seed Tag” to KAITO due to its newness and expected price volatility.

KAITO Airdrop for BNB Holders

Binance will include KAITO in its HODLer Airdrop program. Users who subscribed BNB to Simple Earn products between Feb. 6 and Feb. 10 will receive part of the 20 million KAITO airdrop (2% of the total supply). Eligible users will get tokens one hour before trading starts.

Meanwhile, KAITO’s smart contract is hosted on the Base layer-2 network.

Kaito’s Token Generation Event (TGE)

The KAITO Token Generation Event (TGE) will happen on February 20 at 12 PM UTC, just an hour before trading begins. Kaito confirmed that tokenomics details will be released right before claims open.

OKX Also Confirms KAITO Listing

OKX has also announced a KAITO listing. However, to reduce volatility in the first five minutes of trading, the exchange will:
🚫 Block market orders
🚫 Limit order size to $10,000 per user

These restrictions will be lifted after five minutes.

Will KAITO Face a Post-Listing Sell-Off?

Despite the hype, some analysts predict a potential sell-off after listing. Recent Binance-listed tokens have faced major sell-offs as early holders cash out profits.

As of now, KAITO is trading at $1.345 in pre-market trading on aevo.xyz. The question remains: will KAITO soar after listing or face immediate profit-taking pressure?

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Altcoin

ONDO Token Soars 8% After OKX Listing Announcement

by Ouess
written by Ouess

Ondo Finance’s native token, ONDO, surged nearly 8% today following the announcement of its spot market listing on a prominent crypto exchange.

Major Listing Boosts ONDO Price

Coinbase-backed Ondo Finance has garnered significant investor interest, securing a major spot market listing on the globally renowned CEX, OKX. The announcement led to a nearly 8% rally in ONDO’s price, sparking discussions among crypto market participants.

OKX Announces ONDO Listing

On July 29, OKX officially revealed plans to list the Ondo Finance token on its spot market, paired with USDT (ONDO/USDT). Trading began today at 8 AM UTC, with deposits opening an hour earlier at 7 AM UTC.

Ondo Finance’s DeFi Platform

Ondo Finance is a DeFi platform specializing in the tokenization of real-world assets (RWA). The project’s tokenomics and distribution are as follows:

  • 5.21 billion for ecosystem growth
  • 3.3 billion for protocol development
  • 1.29 billion for private sales
  • 198 million for community access sales

ONDO Price Rallies

As of writing, the ONDO token has soared 7.68%, trading at $1.04. The 24-hour lows and highs were $0.9639 and $1.05, respectively.

Derivatives Data Indicates Further Growth

According to Coinglass, the Ondo Finance futures open interest (OI) surged 10.52% to $146.88 million, indicating further inflow of money into the crypto. This listing, combined with recent market stats, has shifted market sentiment to an optimistic outlook.

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Memecoin

OKX Adds Dogwifhat (WIF) and Cat in a Dog’s World (MEW): Riding the Memecoin Wave!

by Ouess
written by Ouess

OKX users now have the green light to deposit two Solana-based memecoins, Dogwifhat (WIF) and the Cat in a Dog’s World (MEW), with the first withdrawals slated for tomorrow.

In response to the surging popularity of memecoins, cryptocurrency exchange OKX has jumped on the bandwagon by adding major rising stars like Dogwifhat (WIF) and the Cat in a Dog’s World (MEW) to its lineup.

The exchange officially kicked off spot trading for WIF and MEW, as announced on their platform. OKX users can now stash their WIF and MEW tokens on the exchange to start trading these memecoins against the Tether stablecoin.

Spot trading for WIF will commence at 9:00 am UTC on April 15, one hour after MEW spot trading goes live. OKX has marked April 16 at 10:00 am UTC as the date for withdrawals to open up for both tokens.

WIF and MEW have quickly risen in popularity, with daily trading volumes reaching millions of dollars. Both coins, built on the Solana blockchain, have been outshining competitors like Ethereum and Avalanche thanks to the memecoin frenzy.

Dogwifhat (WIF), launched in November 2023, has become a heavyweight in the memecoin realm, securing a spot among the top 50 coins by market capitalization by early 2024, valued at almost $50 billion.

As of now, WIF stands as the 41st largest cryptocurrency by market cap and the third largest memecoin, trailing behind Elon Musk’s beloved Dogecoin and Shiba Inu, according to CoinMarketCap data. The token is currently trading at $2.9 , reflecting a roughly 11% increase over the past 24 hours.

On the other paw, the fresh addition to the memecoin universe, Cat in a Dog’s World (MEW), made its debut on March 26, aiming to disrupt the dog-dominated memecoin landscape, which includes DOGE, SHIB, and WIF.

MEW is currently trading at $0.0052, showing an 80% surge in the past 24 hours, as per CoinMarketCap data.

These newly listed memecoins join OKX’s existing roster of around 20 memecoins, as shown on their official website.

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Press Release

Empowering AI-Powered Trading: GT Protocol and OKX Partnership

by Ouess
written by Ouess

An exciting partnership has just been announced between an AI-powered Web3 ecosystem and OKX, the world’s largest cryptocurrency exchange. This collaboration means that GT Protocol is now officially an OKX Broker, giving users seamless access to OKX’s extensive trading options and liquidity, along with advanced AI-driven trading features.

This partnership isn’t just about brokerage services; it’s about bringing together GT Protocol’s AI-driven infrastructure and OKX’s robust trading platform to enhance the trading experience. Users can now enjoy innovative features within the GT App, such as an AI-powered conversational interface for portfolio management and trading, a marketplace for discovering and investing in Web3 opportunities, AI-generated market indicators, automatic strategy switching based on market trends, and advanced algorithmic trading strategies. Plus, there’s the GTAI utility token, which plays a central role in the GT Protocol ecosystem.

This partnership marks the beginning of a close relationship between OKX and GT Protocol, with more updates expected in the future.

By teaming up, the Web3 audience gains access to a top-notch trading platform and an AI conversational interface powered by the GTAI token. It’s a step forward in making AI-powered trading accessible and efficient for everyone. Users can now trade on OKX directly from the GT App, streamlining the trading process.

GT Protocol is not just about Web3; it’s about using AI to address some of today’s biggest challenges. Their AI-powered GT App aims to make traditional finance, decentralized finance, and the NFT market more accessible through AI. It offers secure, transparent, and efficient transactions, including AI-powered portfolio management and Web3 investments. The upcoming AI conversational interface will further enhance the user experience, acting as a crypto mentor and simplifying the investment process.

GT Protocol is committed to lowering barriers to entry in the crypto space and fostering a supportive community. The GTAI token offers various benefits, making it a vital part of the GT Protocol ecosystem.

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DeFi

OKX NFT Marketplace Leads with Soaring Trading Volume in Bitcoin Ordinals

by Ouess
written by Ouess

OKX’s NFT platform surged ahead of rivals like OpenSea, Blur, and Magic Eden with a staggering $50 million in daily trading volume on December 18, as per DappRadar.

Though the volume has dipped to $35 million, it surpasses the combined trading volume of its competitors, standing strong at $24 million. This spike is linked to OKX’s Bitcoin Ordinals trading. Bitcoin network’s NFT sales, at $404 million in the last 7 days, outpaced Ethereum and Solana.

The NFT market, approaching a $1 billion collective volume in November, saw a 114% increase in average transaction values, signaling a growing appetite for higher-value trades.

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Story

Unveiling the OKX DEX Security Breach: Impact, Response, and Implications

by Ouess
written by Ouess
  • In a recent security breach, OKX DEX faced an exploit, leading to a significant loss exceeding $400,000 in user funds.

Unauthorized transactions sparked concern when users noticed activity from wallets previously approved for OKX DEX transactions. Investigation of on-chain data pinpointed a specific wallet potentially linked to the hacker, which played a central role in moving assets during the breach.

Chinese journalist Colin Wu highlighted the incident, reporting multiple drained wallet addresses associated with OKX DEX.

The exploit targeted an abandoned OKX DEX market maker contract’s management rights, granting access to 18 addresses that had authorized the contract for token trading. By manipulating the proxy admin account’s private key, the attacker upgraded the DEX’s proxy contract to a malicious version, leading to the direct drainage of user funds.

Social media accounts shared the severity of the situation, recounting instances of stolen wallet funds transferred to the hacker’s address, highlighting the connection to OKX DEX-authorized wallets.

OKX DEX promptly responded to the breach by removing the compromised proxy address, potentially preventing further fund drainage. Despite the breach, the native token OKB maintained stability around $57.85, possibly signaling investor confidence in OKX’s swift actions or a delayed market reaction.

This security breach poses critical questions about decentralized exchange security measures, emphasizing the need for robust protocols to safeguard user assets. It also stresses the importance of user caution when granting third-party applications access to their wallets.

The cryptocurrency community closely watches OKX DEX’s response, focusing on steps taken to address the breach and implement preventive measures. This incident serves as a reminder of the risks associated with digital asset transactions, highlighting the ongoing need for enhanced security measures within the crypto space.

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Altcoin

BLUR Cryptocurrency Surges in Value Amidst Binance Listing and Whale Investor Activity

by Ouess
written by Ouess

The cryptocurrency token BLUR, used on the Blur NFT market, has gathered considerable investor passion due to its recent surge in value.

Now, it was thought about that BLUR’s announcement that the second season airdrop distribution was finished and the boost in whale purchases were effective behind this increase.

BLUR’s value saw a higher pattern for the 2nd day in a row, thanks to Binance’s current declaration.

Binance announced that it will certainly note Blur in BLUR/BTC, BLUR/USDT and BLUR/TRY trading sets on 24.11.2023.

While BLUR proceeded its increase, the investor named hanwe.eth, the largest customer of the period 2 airdrop, deposited the BLURs he received from the airdrop to ByBit and Coinbase.
BLUR, which raised by up to 20% after the Binance listing statement, remains to trade at $ 0.637.

We will certainly be keeping an eye on whether offering such a big amount of BLUR will have a negative effect on the BLUR cost.

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