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BlockDAG Leads Crypto Innovation with $11.4M Presale Success Amid Avalanche’s New Program and OKB’s Security Snag

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In the crypto market, Avalanche has introduced a $1 million Meme Coin Rush program to inject liquidity and foster ecosystem growth, capturing significant attention. Meanwhile, the OKB token has experienced a downturn following an API issue at the OKX exchange, highlighting the critical need for stringent security in digital asset trading. 

Amidst these updates, BlockDAG presale emerges as a leading figure in the crypto mining space, with its presale nearing the $11.4 million milestone and innovative mining solutions offering both accessibility and efficiency to investors.

Avalanche’s Latest Initiative Spurs Market Interest

Avalanche has unveiled the Meme Coin Rush program with a generous $1 million fund, aiming to energize its ecosystem by partnering with platforms like SteakHut and Trader Joe’s. This move seeks to enhance user engagement with community coins and has already seen a positive response, with Avalanche’s market value ticking upwards by 3.0% in the recent week. This initiative places Avalanche at the forefront of meme coin innovation, backed by a strong uptick in market performance.

Security Concerns Impact OKB’s Market Valuation

OKB’s valuation dropped 2.3% to $64.97 after an API glitch at the OKX exchange led to reporting inaccuracies in user balances. This incident, affecting users across Singapore, Japan, and the United States, has spotlighted the vulnerabilities within crypto exchanges. Although OKX has reassured users about the safety of their assets, the event underscores the overarching need for the crypto industry to adopt more robust security measures to safeguard user confidence and market stability.

BlockDAG Revolutionizes Crypto Mining

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BlockDAG Leads Crypto Innovation with $11.4M Presale Success Amid Avalanche's New Program and OKB's Security Snag 2

BlockDAG is redefining crypto mining with its easy-to-use platform, catering to beginners and seasoned miners. Its X1 mobile app lets users mine up to 20 BDAG coins daily, simplifying the mining process. For those seeking more advanced mining capabilities, the X10, X30, and X100 models offer the potential to mine hundreds to thousands of BDAG coins each day. BlockDAG’s approach not only makes crypto mining more accessible but also emphasizes energy efficiency and profitability across various cryptocurrencies, including Bitcoin and Kaspa.

With a presale already garnered over $11.4 million and sold more than 6 billion BDAG coins, BlockDAG’s momentum in the crypto market is undeniable. Positioned in its fifth batch for $0.0035 per coin, BlockDAG is capturing investor interest with its promising technology and vision. The platform’s commitment to community building and high-level security practices ensures a secure and inclusive user environment, pushing the boundaries of what’s possible in sustainable and lucrative cryptocurrency mining.

Overview

While Avalanche spearheads a new liquidity initiative and OKB navigates through its security hiccup, BlockDAG stands out with its remarkable presale progress, eyeing a 10,000x return on investment. BlockDAG’s innovative offerings, including the BDAG coins, X Series Miners, and a crypto payment card, present a beacon of innovation and reliability in the crypto space. As it continues to excel, BlockDAG offers a solid investment opportunity, promising continued growth and profitability in the dynamic world of cryptocurrency.

Buy BlockDAG Now

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu 

OKB’s 6% Weekly Surge As OKX Teams Up With Solana Mobile 

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OKB, the native cryptocurrency of the OKX exchange, has experienced a resurgence in its value, surging by 6% in just one week. After a period of lackluster performance, this resurgence has breathed new life into the digital asset, generating excitement among investors and enthusiasts alike. 

As of now, OKB reached a weekly high of $44.1 before settling at its current trading price of $43.83, representing a modest daily gain of 0.40%. This bullish trend in OKB’s price has captured the attention of market analysts, who have been closely monitoring the cryptocurrency’s performance.

OKB 7D graph coinmarketcap 3
Source: Coinmarketcap

Technical indicators, as well as OKB price predictions, are overwhelmingly positive, signaling a strong bullish sentiment within the market. The Fear & Greed Index, which currently reads 17.31, indicates an extreme fear sentiment among investors. 

However, most technical analysis indicators are flashing bullish signals, with only a few suggesting bearish trends. This collective optimism in OKB’s future outlook is reflected in the price predictions, with an expected 111.40% increase by the end of September, potentially pushing the value of OKB to approximately $92.94.

OKB Price Driving Factor

The driving force behind OKB’s impressive weekly surge is the recent partnership announcement by OKX, a prominent cryptocurrency exchange and pioneering Web3 technology company. OKX has revealed its collaboration with Solana Mobile, a move that promises to introduce the OKX app to the Solana Saga’s dApp store. 

This development positions OKX as one of the first exchange apps accessible on the Solana Web3 smartphone, presenting a gateway to OKX’s cutting-edge Web3 products for Saga users.

The Solana Saga smartphone represents a breakthrough in enabling mobile access to Web3 technology. Through strategic partnerships like this one, OKX is poised to redefine how people around the world interact with and utilize decentralized apps and services.

Jason Lau, Chief Innovation Officer at OKX, expressed enthusiasm for the partnership’s potential impact: 

This partnership exemplifies the boundless potential of Web3. By combining OKX’s suite of next-gen products with the Solana Saga, we are dramatically expanding everyday access to the open, decentralized future that Web3 enables.

This partnership between OKX and Solana Mobile is not only a boon for OKB investors but also a significant step toward the mainstream adoption of Web3 technology. 

Related Reading | Crypto Asset Freeze Enhancement Act: Protecting UK Financial Ecosystem

OKB Rose To 4 Months High $49 As OKX Wallet & Base Join Forces

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OKB, the native cryptocurrency of the OKX exchange, has staged an impressive comeback following a lackluster performance in late July. Investors and enthusiasts are now brimming with optimism as the token surged back to life at the start of August.

The token reached a four-month high today, hitting $49 with an exceptional 15% surge on the weekly chart. Presently, OKB is trading at $47.53, showcasing a notable 6.87% increase over the past seven days. However, the 24-hour chart reveals a slight bearish trend with a 1.89% decline.

OKB 7D graph coinmarketcap 2
Source: Coinmarketcap

Notably, the majority of OKB token holders are currently sitting in the profit zone, as indicated by data from Into The Block. Out of a total of 43,856 addresses, only 336 are experiencing losses, while a significant 43,520 remain profitable. Those in the red either bought around the all-time high or more recently and are now grappling with depreciated prices.

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Ownership distribution reveals that OKB holders are primarily retail investors, trailed by whales and a relatively small number of traditional investors. Whale addresses represent those holding over 1% of the circulating supply; investors own between 0.1% and 1%, while retail addresses hold less than 0.1%.

OKB’s Price Driving Factor

The recent increase in OKB’s value, evident from August 4 onwards, appears to be driven by factors other than whales, as indicated by the numerous transactions observed. This bucks the trend of past surges, including the remarkable 467% rise from June 18, 2022, which also lacked substantial, large transactions.

The recent resurgence in OKB’s price can be directly attributed to a significant announcement that took place on August 10, 2023. On this date, OKX Wallet successfully integrated with Base, a notable development that has sent ripples of excitement throughout the cryptocurrency community. 

Moreover, OKX Discover, a platform associated with OKX, has taken a step forward by integrating several decentralized applications (DApps) from the expansive Base ecosystem.

Base, an innovative Ethereum Layer 2 (L2) solution built upon the open-source OP Stack, is at the heart of this integration. Functioning as a rollup scaling solution, Base diverts transaction processing away from the primary Ethereum blockchain, thereby establishing a more streamlined, efficient, and cost-effective environment for creating and operating decentralized applications.

OKX Wallet, a versatile cryptocurrency wallet accessible across multiple platforms and interfaces, including apps, web, and web extensions, complements this partnership. 

Noteworthy features of OKX Wallet encompass access to over 3,000 cryptocurrencies, compatibility with 60+ networks, an extensive array of DApps, and a comprehensive decentralized NFT Marketplace. This integration marks a strategic move towards enhancing user accessibility, convenience, and engagement within the cryptocurrency ecosystem.

Related Reading | Sandbox’s Token Unlock Sparks Concerns Amidst Market Volatility

Crypto Weekly Recap: Bitcoin & ETH Hold Steady While Altcoins Surge

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Over the­ past week, the cryptocurre­ncy markets experie­nced mostly positive trends. Bitcoin and Ethe­reum stood strong, maintaining their resistance­ levels. In contrast, Altcoins gained mome­ntum, showing significant increases in their we­ekly charts. This indicates the possibility of furthe­r growth.

Among the top 50 cryptocurrencies, some Altcoins featured prominently on the list of weekly gainers, with XDC Network taking the lead, followed by Shiba Inu (SHIB) in second place, and Hedera (HBAR) securing the third position in terms of substantial growth. 

XDC Network has been making a distinct mark in the cryptocurrency market, showing a remarkable 32% surge over the past week and displaying bullish indicators. 

Currently, XDC is trading at $0.07594, showing a notable increase of 14.07% in the last 24 hours. The cryptocurrency reached a peak of $0.08439, demonstrating strong and remarkable performance.

XDC 7D graph coinmarketcap 3
Source: CoinMarketcap

On another note, Shiba Inu (Shib) has been attracting attention as a top weekly performer. Over the past week, SHIB experienced an impressive surge of approximately 14%.

As of now, SHIB is trading at $0.000009379, indicating a robust and noteworthy performance. In the last 24 hours, the token has experienced an 8.14% decrease, while its trading volume has decreased by 45.47%.

SHIB 7D graph coinmarketcap
Source: CoinMarketcap

Additionally, Hedera (HBAR) has also recently gained significant attention, with an above 10% weekly gain. The token’s price has reached a high of $0.05955. Currently trading at $0.05693, the token’s 24-hour trading volume increased by 236.82%. 

HBAR 7D graph coinmarketcap
Source: CoinMarketcap

Moreover, some popular coins are experiencing gains in weekly charts, including Optimism (OP) at 10.15%, OKB at 5.35%, and GALA with an increase of 3.53%, according to the data from CoinMarketcap. 

Bitcoin (BTC) & Ethereum (ETH) Weekly Review

According to a twee­t from Santiment, the activity of Bitcoin’s addresse­s reached its highest point in a span of 3.5 months, spe­cifically in August. This increase in usability, along with notable loss transactions and pre­vailing negative sentime­nt, strongly suggests an increased chance­ of a short-term price rebound for BTC, at the­ very least.

Throughout the pre­vious week, Bitcoin maintained its position ste­adily at 29k, distinguishing itself from the behavior e­xhibited by other cryptocurrencie­s. 

BTC 7D graph coinmarketcap 14
Source: CoinMarketcap

Ethere­um (ETH) retains its uniqueness, trading be­tween the price­ range of $1,820 and $1,830. According to a recent twe­et by Santiment, both Bitcoin and Ethere­um closely align with the moveme­nts of the S&P 500. 

However, the rece­nt appreciation of the dollar over the­ past weeks has historically signaled pote­ntial market pullbacks. It is worth observing for reduce­d correlation as a possible indication for a cryptocurrency marke­t breakout. 

ETH 7D graph coinmarketcap 13
Source: CoinMarketcap

According to CoinMarketCap, Bitcoin is currently trading at $29,039.97, with a 0.37% decrease over the past seven days and a 0.27% decrease in the past 24 hours. On the other hand, ETH is being traded at $1,828.77, experiencing a 0.59% decrease in the past 24 hours and a 1.44% decrease over the past seven days.

Related Reading | Ripple Wins Legal Battle Against a16z Over XRP Status

10% Surge In OKB’s Daily Chart Within A Single Hour – What Ignited the Rally?

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OKX (OKB), the native cryptocurrency of the prominent crypto trading platform OKX, has propelled itself into the midst of the ongoing altcoin surge. Over a mere hour, the token witnessed an impressive 10% surge on its daily chart, sparking discussions about the factors behind this sudden rally and its potential to breach the elusive $45 mark.

OKB 1D graph coinmarketcap 2

OKB has eme­rged as a dominant force in the cryptocurre­ncy market, capturing the attention of trade­rs and investors alike. The platform’s native­ token consistently garners wide­spread interest with its note­worthy price movements, ofte­n becoming a prominent feature­ in headlines.

Market analysts are­ linking this sudden surge in market optimism to a significant de­velopment within the OKX e­cosystem. Recently, OKX Ve­ntures has made a noteworthy inve­stment in zkPass, an innovative protocol that aims to transform data verification proce­sses while prioritizing user privacy.

zkPass employs a sophisticated blend of cutting-edge technologies, namely Multi-Party Computation (MPC), Zero-Knowledge Proofs (ZKP), and three-party Transport Layer Security (3P-TLS). 

The protocol’s versatility extends to various data categories, including but not limited to legal identities, financial records, healthcare information, social interactions, work credentials, educational achievements, and proficiency certifications.

A groundbreaking aspect of TransGate is its capacity to facilitate data verification without necessitating the direct exposure or uploading of the underlying documents. This breakthrough addresses a crucial challenge in both the Web2 and Web3 paradigms, where centralized data ownership and security concerns have long been a point of contention.

OKB Price Analysis

While the OKB token’s rapid ascent is undoubtedly linked to this strategic investment, it’s worth noting that the broader crypto market also plays a role in shaping short-term price movements. At present, the OKB token is trading at $44.65, accompanied by a 24-hour trading volume of approximately $8 million. The token’s impressive 6.68% gain within the last 24 hours.

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With a CoinMarketCap ranking of #28 and a live market capitalization of $2 billion, OKB continues to demonstrate its resilience and potential as a formidable player in the crypto market. As of the latest price prediction, industry experts anticipate a 1.96% price increase, projecting OKB’s value to reach $45.61 by August 8, 2023.

The te­chnical indicators currently suggest a bullish sentime­nt in the market, with the Fe­ar & Greed Index holding at a ne­utral value of 54. Over the past 30 days, OKB has e­xperienced 15 gre­en days, reflecting a price­ volatility of 1.12% during this period.

Related Reading | XRP Unveils Exciting Bitstamp Partnership

The Ultimate Crypto Showdown: OKB vs Binance Coin vs Tradecurve

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A significant portion of crypto’s success can be attributed to the rise of centralized crypto exchanges (CEXs). However, recent trends in the industry have shifted focus to other types of exchanges. As the battle for exchange dominance heats up, we would pit OKB (OKB), Binance Coin (BNB), and Tradecurve (TCRV) against each other. Which exchange would come out on top? Read on to find out.

>>Register For The Tradecurve Presale<<

OKX Sees Surge of New Users in Hong Kong, OKB Rallies

OKB crypto, the native utility token of the OKX exchange, has been on a bullish trend. In the last couple of days, the price of the OKB coin has increased by 5%. As a result, the OKB price now stands at $44.5. 

The rally comes amidst a surge of new users in Hong Kong. The OKX exchange announced that over 10,000 new users registered in its first month in Hong Kong. 

Price predictions for the OKB token are very bullish given its current performance. According to the predictions, the OKB token price will hit a high of $85 by the end of 2023. 

However, the long-term predictions are rather mixed due to OKX being a CEX. As these types of exchange fade out, the utility of the OKB exchange would also decline.

>>Register For The Tradecurve Presale<<

Exchange Struggles Weighs On the Price of Binance Coin (BNB)

Binance Coin is the utility token of the world’s largest crypto exchange. While Binance Coin (BNB) has been a top performer, it was recently dethroned by XRP. 

After the XRP pump, Binance coin is now ranked as the fifth largest crypto with a market cap of $39.85 billion. However, the price of Binance Coin has struggle in 2023.

Part of the struggle of the BNB coin comes from its parent exchange. After Binance was sued by the SEC, Binance Coin’s price plummeted by more than 10%. 

Now, year to date, the Binance Coin is up only 4%, while other cryptos have almost doubled their value. With the case still unsettled, there are concerns about the price of Binance Coin. Many analysts believe that if Binance loses the case, it could cause the price of Binance Coin to drop even further.

Tradecurve (TCRV) to Replace CEXs With New Hybrid Infrastructure

What sets Tradecurve apart from rivals like Binance Coin and OKB is its future-proof hybrid crypto exchange model. Combining decentralization with the best features of CEXs, Tradecurve places emphasis on user anonymity, privacy, and decentralization. 

In addition, the CEX part of Tradecurve will ensure that traders enjoy a smooth trading experience with quick withdrawals, deposits, and trade execution.

Where Tradecurve leads the pack is in its support for tradable assets. This new trading platform will offer a wide range of trading options, including commodities, ETFs, CFDs, indices, stocks, options, and forex, all accessible in one account. Experience a seamless and comprehensive trading experience across different asset classes.

At the time of this writing, TCRV is valued at $0.018 following an 80% price surge. Many experts have called Tradecurve the next blue-chip crypto project because of its potential. As a result, they have predicted that TCRV will become a top 100 crypto by the end of the year. To reach this status, the price of TCRV is forecasted to increase by 50x and give TCRV a value of $1.

For more information about the Tradecurve presale:

Website: https://tradecurve.io/ 

Buy presale: https://app.tradecurve.io/sign-up 

Twitter: https://twitter.com/Tradecurveapp 

Telegram: https://t.me/tradecurve_official 

OKB Falters Despite Groundbreaking OKX Wallet Staking For Bitcoin & BRC-20 Tokens

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In a whirlwind of market activity, investors are witnessing an intriguing phenomenon: while the overall market is enjoying a blush momentum with remarkable gains evident in both the daily and weekly charts, OKB, the native token of the second largest exchange, OKX, seems to be bucking the trend. The token has been sliding downwards over the past few days, displaying a clear bearish momentum.

OKB 1D graph coinmarketcap 1
Source: CoinMarketcap

OKB’s recent performance has seen a dip in the last seven days, falling from $44.93 to a low of $42.91. Presently, the token is trading at $43.20, exhibiting a red trading pattern on both charts and indicating a tight-range trading scenario. In contrast to OKB’s struggles, altcoins such as Cardano, Solana, and XRP are flourishing, boasting double-digit gains.

The Fear & Greed Index currently registers an alarming reading of 11.03, indicating extreme fear in the market. Despite this, various technical analysis indicators have signaled bullish signals, while others have indicated bearish signals. 

Looking at the past 30 days, OKB has gained a modest 4.82% increase. This fact may offer a glimmer of hope for some investors, as there is an expectation of a slight recovery in the coming month.

Market experts predict that by the end of July 2023, the value of OKB is anticipated to experience a staggering 116.24% increase, potentially reaching around $93.64. 

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Nonetheless, a potential recovery in the coming month and the optimistic long-term price predictions provide a glimmer of hope for investors, urging them to keep a watchful eye on the ever-changing market landscape.

OKX Wallet Enables BTC & BRC-20 Staking

Web3 technology company OKX has unveiled an exciting feature on its multi-chain wallet, allowing users to stake both Bitcoin (BTC) and BRC-20 tokens. Thanks to OKX’s innovative open-source BRC20-S protocol, users can now earn BRC20-S tokens through the OKX Web3 DeFi aggregator.

OKX Wallet’s new capability adds to its existing range of Web3 Earn products, with future plans to introduce a marketplace for trading BRC20-S tokens. DeFi developers and projects can also take advantage of the BRC20-S protocol to create staking pools on OKX Wallet, encouraging user engagement and community growth.

OKX Chief Innovation Officer Jason Lau expressed delight in fulfilling users’ requests for increased ecosystem participation:

OKX Wallet is the first multi-chain wallet that enables staking for Bitcoin and BRC-20 tokens. We have heard from OKX Wallet users that they want more opportunities to participate in the ecosystem, and we are thrilled to deliver that for them. We are constantly listening to feedback and look forward to sharing additional feature launches later this month.

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OKX Revolutionizes Institutional Trading with ‘Nitro Spreads’ On Liquid Marketplace

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OKX, the second-largest crypto exchange by trading volume, has unveiled a groundbreaking feature on its institutional Liquid Marketplace called ‘Nitro Spreads.’ 

This new feature aims to simplify basis trading for institutional clients by allowing them to execute complex trades with just one click.

Basis trading involves profiting from the price difference between an asset on two separate markets, such as spot and futures. While it can be a profitable strategy, managing both legs of the trade simultaneously can be challenging. 

Nitro Spreads automates this process, streamlining basis trading and leveraging the exchange’s extensive liquidity and low latency for optimal user experience.

What sets Nitro Spreads apart in the crypto market is that it executes both legs of the trade through a central order book, effectively eliminating leg risk between markets. 

Traders can also select a guaranteed spread to mitigate price slippage before trading. The trades are matched and settled instantly, providing efficiency and precision in basis trading.

Lennix Lai, OKX Global Chief Commercial Officer, emphasized the importance of reliability, predictable returns, and genuine innovation for institutions in today’s complex market environment. 

Nitro Spreads sets a new standard for efficient basis trading and invites institutional traders worldwide to explore its potential to enhance their strategies and contribute to their success.

Institutional traders using Nitro Spreads can execute various basis trading strategies through the user-friendly interface. Popular deltas one spread strategies like calendar spreads, future rolls, and funding rate farming can be seamlessly implemented in an order book format.

The OKX Liquid Marketplace offers access to deep institutional liquidity and supports various crypto trading strategies, including futures spreads, large options block trades, and spot OTC. 

In the first three months of 2023, the Liquid Marketplace recorded an impressive trading volume surpassing USD 1 billion.

OKX Wallet Extends Partnership With CertiK

In addition to the Nitro Spreads launch, OKX Wallet has extended its partnership with CertiK, a renowned Web3 security platform. CertiK completed a successful security audit for OKX Wallet’s BRC-20 token contracts, confirming their reliability and robustness. 

OKX Wallet, the first multi-chain wallet supporting BRC-20 and Bitcoin NFT trading, plans to introduce more capabilities, such as staking BRC-20 tokens and Bitcoin.

OKX’s collaboration with CertiK aims to enhance security and transparency within the DeFi space. By integrating CertiK’s Skynet security scoring system, OKX’s Web3 Earn DeFi aggregator users can evaluate the security standing of protocols and make informed decisions. 

However, by prioritizing security, the exchange strives to provide users with confidence and contribute to the overall security of the DeFi ecosystem.

Related Reading | Bitcoin: Cathie Wood’s Ark Invest Might Be The First To Earn Approval For Spot ETF

OKX Halts Services For Japanese Traders Amid Regulatory Tug-of-War: Report

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In a surprising development, OKX, the second largest offshore cryptocurrency exchange, has announced its decision to suspend services for residents of Japan. The move comes in response to what appears to be mounting regulatory pressure from Japan’s Financial Services Agency (FSA).

According to a report from Coinpost, a leading cryptocurrency news outlet, OKX’s app now displays a disheartening message: “Due to local laws in Japan, you cannot use OKX Exchange products.”

The decision follows a similar announcement made by Binance Global, another major player in the crypto exchange industry.

Binance revealed that it would cease its services for Japanese residents on November 30, 2023, as part of its plan to launch a dedicated platform designed explicitly for the Japanese market.

This move aims to comply with local regulations and establish a more substantial presence in Japan.

The report indicates that discontinuing the global version of the exchange for Japanese users is imminent. Users attempting to access the OKX app within Japan are met with the disheartening notification that reads, “OKX Exchange products cannot be used in Japan due to local laws and regulations.”

The situation has forced the exchange, which currently lacks a license in Japan, to respond to the demands of the Financial Services Agency.

Meanwhile, OKX’s Help Desk expressed sincere apologies for the inconvenience caused to its Japanese user base. They assured users that the issue is being actively addressed and updates will be provided as soon as possible.

However, the suspension of services by both OKX and Binance in Japan highlights the increasing focus of regulatory authorities on the crypto industry.

OKX’s Native Token OKX Price Analysis

OKB remains resilient despite recent news, showing promising signs with a 7.28% rise in the weekly chart, currently trading at $44.33, according to CoinMarketcap’s data.

OKB 1D graph coinmarketcap 1
Source: CoinMarketcap

Price predictions from a reputable source indicate a bullish trend in the long term, with a projected increase of $1.07 over the next 7 days, potentially reaching $45.40 by July 4th, 2023.

In the short term, a machine learning algorithm has identified a bullish trend for OKB. Consequently, investors can anticipate a slight increase in the coming hours. 

This positive trajectory suggests that OKB continues to garner confidence and interest within the market, despite the challenges faced by the exchange in suspending services for Japanese traders.

Related Reading | Bitcoin: Cathie Wood’s Ark Invest Might Be The First To Earn Approval For Spot ETF

OKB Ascends 9% In Weekly Chart With OKX & Laevitas Collaboration

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OKB, the native cryptocurrency of OKX, the second largest crypto exchange, has experienced a significant rise of nearly 10% in the weekly chart.

This surge comes as OKX announces its partnership with Laevitas, a leading data aggregator specializing in quantitative data analytics for cryptocurrency derivatives. 

The collaboration aims to provide enhanced trading insights to Laevitas users through the integration of OKX’s real-time data feeds with the platform.

By leveraging OKX’s extensive market data, Laevitas users gain direct access to OKX’s Liquid Marketplace, which is renowned as the most powerful on-demand liquidity network for professional and institutional traders. 

The integration offers Laevitas users access to critical information such as Requests for Quotes (RFQs), open interest, and volume of derivatives and futures spreads. 

These valuable insights streamline research and analysis processes, enabling users to navigate the dynamic cryptocurrency derivatives market more effectively.

Lennix Lai, the OKX Global Chief Commercial Officer, expressed enthusiasm about the partnership, stating:

By incorporating OKX’s data feeds, Laevitas users now have access to a wealth of information that can help them stay ahead of market trends and make more informed trading decisions.” 

Additionally, Lai emphasized the shared goal of OKX and Laevitas in empowering traders with advanced analytics and accurate data, highlighting the pride both entities take in bringing this vision to life through their collaboration.

However, the partnership between OKX and Laevitas marks a significant step in enabling traders to navigate the cryptocurrency derivatives market successfully. 

With a focus on empowering traders through advanced analytics and reliable data, the collaboration aims to equip users with the necessary tools and insights to make informed trading decisions. 

OKB Price Analysis

This latest development in the cryptocurrency market has failed to significantly impact the price of OKB on the daily chart. Despite expectations of a potential shift, OKB continues its bearish trend, currently displaying a loss of approximately 1.87%. 

OKB 7D graph coinmarketcap 1
CoinMarketcap

The current trading price stands at $44.30. The 24-hour trading volume is also experiencing a significant decrease of around 62.95%. Furthermore, the market capitalization is in the red, showing a loss of 1.63%.

As per the technical analysis, a bullish trend is observed in the long term. Consequently, it is predicted that the price of OKB will increase by $0.55448 within the next 7 days, reaching $44.87 by June 30th, 2023. In the short term, the machine learning algorithm has identified a neutral trend for OKB.

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