14h atrás
OKX CEO Star Xu backs $40,000 stablecoin freeze after user admits buying KYC-verified accounts
On Sunday, a user known as Captain Bunny said OKX froze around $40,000 in USDG stablecoins across four accounts that had been bought and were verified under other people's identities, funds he claimed were needed for his father's medical care. On Monday, OKX founder and CEO Star Xu defended the decision, citing strict KYC and AML duties and outlining conditions under which the platform might still assist the user in withdrawing the assets.
OKB
OKB-0.01%
14h atrás
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Bootstrap details Zcash governance rift over nonprofit limits and plans for Zashi wallet
Bootstrap, the nonprofit supporting Zcash, attributed a recent governance conflict and board departures to legal constraints on raising external capital under its 501(c)(3) structure, after Electric Coin Company chose to spin out into a separate firm. The dispute focused on potential outside investment and privatization options for the Zashi self‑custodial wallet, while ZEC’s price dropped about 16% over 24 hours as large holders and new wallets accumulated millions of dollars’ worth of tokens.
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Analysts say 2025 crypto bear market reset valuations as institutions enter altcoin ETFs
Analysts reported that in 2025, DeFi tokens dropped 67% and smart contract-linked cryptocurrencies averaged a 66% loss, marking a broad bear phase outside Bitcoin. They argue this downturn reflected a repricing toward networks with strong usage and revenue, just as institutional investors began rolling out regulated Bitcoin, Ether and Solana ETF products that could shape market dynamics into 2026.
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