OKX

OKX's new layer-2 network, X Layer, offers lower fees and enhanced interoperability for Ethereum-based DApps, advancing the Web3 ecosystem.

Lumoz, formerly Opside, secures $6 million valuation, prepares for Lumoz token launch, aims to simplify zk-rollup technology for developers.

The Wormhole airdrop on Solana is imminent, with over 400,000 eligible wallets ready to claim W tokens. Major exchanges are gearing up to list the token for trading shortly after the airdrop begins. Wormhole's cross-chain protocol aims to foster interoperability across ecosystems, with the W token initially launching on Solana and later expanding to Ethereum's ERC-20 standard. Market interest is high, with the token priced at $1.65 in pre-market trading. However, the protocol faces challenges ahead as it seeks to establish itself in the competitive crypto landscape.

OKX, a cryptocurrency exchange, discontinues services in India due to regulatory hurdles. Users instructed to withdraw funds by April 30. Regulatory uncertainty and stringent tax regulations contribute to challenges faced by crypto exchanges operating in India.

OKX has received provisional approval for a payment institution license in Singapore, marking its progress in the region. However, compared to other cryptocurrency companies, OKX's status is still in its preliminary stages.

LENA Network面对社区质疑采取了透明沟通和行动，承认并解决了对其战略行动的担忧。与此不同，西坦项目团队选择了直接行动，但这种策略可能引发更多疑虑。在处理类似挑战时，透明度和与社区的积极互动是至关重要的。

Hong Kong's Securities and Futures Commission has stopped accepting crypto exchange license applications, with non-compliant exchanges facing closure by 31 May 2024. Licensed operators include OSL Digital Securities and HashKey Exchange, while notable applicants like Bybit and OKX seek approval, though platforms like Coinbase and Kraken are absent.

Crypto scam cases in Hong Kong rose by 170% in a year, prompting the Securities and Futures Commission to demand licensing applications from exchanges like OKX and Bybit to combat fraud and secure investor trust. As regulatory pressure mounts, the approval of reputable exchanges is crucial for Hong Kong's crypto market to thrive and establish itself as a trusted digital asset hub.

South Korea tightens regulations on crypto exchanges to enhance oversight and consumer protection, aligning with global trends for clearer legal frameworks in the digital asset space. The measures include intensified scrutiny, license renewals, and investigations into alleged violations like OKX's unregistered operation.

Cryptocurrency exchanges have seen record volumes, with Binance leading the market with a 49% share. ByBit, Huobi, and OKX have also experienced significant growth, driven by higher cryptocurrency prices and the approval of spot Bitcoin ETFs.