Crypto News

Major crypto exchange OKX secured a significant funding round from Ripple, Circle, and SC Ventures at a $25 billion valuation, signaling strong institutional confidence in the platform. In regulatory news, Bitcoin.de's trading remains halted after Germany's financial regulator rejected its MiCA application, highlighting ongoing compliance challenges in Europe, while the US government moved $71 million in Bitcoin after a six-week period of inactivity. The crypto market is also digesting mixed signals from traditional finance pressures, including a large US Treasury debt sale that could impact risk assets, alongside fraud cases like the conviction of a so-called crypto "godfather" for a $37 million Meta fraud scheme.