OKX will delist KISHU, MILO, MXC spot trading
On April 22nd, as per an official announcement, OKX is set to delist the trading pairs of KISHU/USD, MILO/USD, and MXC/USD on April 29, 2025, from 4:00 to 6:00 p.m. (UTC+8).
3 minutes ago
The current mainstream CEX and DEX funding rate indicates that the market is no longer universally bearish.
On April 22nd, based on Coinglass data, the current mainstream CEX and DEX funding rates suggest that the market is no longer mainly bearish, nor is it bullish. The specific funding rates for major coins are presented in the attached image.
BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a mechanism for the exchange of funds between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.
3 minutes ago
Bitget reports on the progress of handling the VOXEL contract's abnormal transaction: the rollback of transactions related to the account and account recovery has been basically completed.
April 22nd. As per an official announcement, Bitget has declared that the rollback of relevant accounts and the recovery of accounts have been largely completed. Meanwhile, the compensation for users who endured contract losses during the abnormal trading period is also in the process of being carried out. Bitget will give top precedence to this and finish it as promptly as possible.
Bitget has also noticed that some users have provided feedback indicating that after the transaction rollback, there have been incidents of "erroneous fee deductions" and "inaccurate profit and loss calculations." Bitget has launched an internal recheck and reassurance procedure. If users have any queries, please get in touch with the 24/7 online customer service. Bitget will verify promptly to ensure that no user will encounter any "erroneous transaction fee deductions" or "loss of principal" due to this incident.
Bitget will continuously optimize its platform products, risk control systems, and trading
3 minutes ago
Citigroup: The Fed May Cut Rates Up to 5 Times This Year
On Monday, April 22nd, Citibank predicted that by June, the U.S. economy will clearly show signs of weakness, which will prompt the Fed to cut interest rates for the first time this year, possibly up to five times.
Citibank's economists stated that Fed officials will pay more attention to the health of the economy and the labor market rather than inflation.
Citibank wrote: "We expect that a series of data will make Fed officials more dovish before June. This leads us to believe that the risk is inclined towards a faster and/or larger rate cut."
Currently, Citibank stated that by the end of 2025, the key federal funds rate is expected to decrease from the current range of 4.25% to 4.5% to a range of 3% to 3.25% (FXStreet).
3 minutes ago
Bithumb to Spin Off Non-Exchange Business Division as Part of IPO Push
On April 22nd, as reported by The Block, one of South Korea's significant cryptocurrency exchanges, Bithumb, has restarted its business spin-off plan. The purpose of this plan is to refine and enhance its various business segments while getting ready for this year's initial public offering (IPO).
According to a statement issued by Bithumb on Monday, the previously postponed spin-off plan will be carried out on July 31, 2025. The newly spun-off entity has been named "Bithumb A", and its official English name has not been disclosed yet.
3 minutes ago
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