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OKX has incorporated BlackRock's tokenized US Treasury bond fund BUIDL into its collateral system.

2 hours ago

April 28 — Crypto exchange OKX announced Thursday it has partnered with BlackRock’s tokenized U.S. Treasury fund BUIDL and Standard Chartered to let eligible institutional and VIP clients use BUIDL as off-exchange trading collateral (custodied by Standard Chartered) or directly as margin on OKX Middle East. OKX noted this marks the first off-exchange tokenized collateral framework backed by a Global Systemically Important Bank (G-SIB). BUIDL will be treated on par with USD, USDC and other USD-stable assets in OKX’s margin system, and clients using it as collateral retain ownership and benefits of the underlying assets. The program builds on OKX and Standard Chartered’s Collateral Mirroring initiative launched last year, designed to boost institutional fund efficiency. Converting idle collateral into tokenized money market funds (backed by U.S. Treasuries and repurchase agreements) lets institutions maintain trading margins while earning yields. The service is currently available to eligible institutions and VIP clients of OKX Middle East, with future expansions planned based on jurisdictional and market needs.
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The UAE Announces Withdrawal from OPEC and OPEC+; Trump Could Be the "Biggest Winner"

April 28 — The United Arab Emirates (UAE) announced Tuesday it will withdraw from OPEC and OPEC+ starting May 1. Amid the Iran war that has sparked a historic energy shock and jolted the global economy, the move has dealt a heavy blow to the organization and its de facto leader, Saudi Arabia. As a longstanding OPEC member, the UAE’s unexpected exit could trigger chaos within the group and weaken its influence — even though OPEC typically aims to present a united front on issues ranging from geopolitics to production quotas. For U.S. President Trump, this could be a big win. Trump has accused OPEC of “extorting the rest of the world” by jacking up oil prices. He has also tied U.S. military support for the Gulf region to oil prices, stating that while the U.S. defends OPEC member countries, they are “taking advantage by setting sky-high oil prices.” The UAE is a regional business hub and one of Washington’s key allies. Prior to the withdrawal, the UAE criticized other Arab nations for

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BlackRock transfers approximately 6,040 ETH and around 362 BTC to Coinbase Prime

April 28 — Per data from Arkham Monitor, BlackRock has transferred roughly 6,040 ETH (valued at ~$13.79 million) and 362.682 BTC (worth ~$27.73 million) to Coinbase Prime in the past hour.

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Galaxy releases Q1 Financial Report, with a net loss of $216 million

Galaxy Digital announced its Q1 2026 financial results on April 28, reporting a net loss of $216 million driven by a decline in digital asset prices. The company posted diluted adjusted earnings per share (EPS) of $0.49 for the quarter, alongside an adjusted gross loss of $88 million and an adjusted EBITDA loss of $188 million. As of March 31, Galaxy Digital’s total equity stood at $2.8 billion, with $2.6 billion in cash and stablecoins. ### Notes on American English alignment: 1. **Conciseness**: Used "Q1 2026" (common in U.S. finance) instead of "first quarter 2026"; added clear abbreviations (EPS, EBITDA) for readability. 2. **Active phrasing**: "posted" (standard for financial results) and "driven by" (natural cause-effect framing) replace more formal phrasing. 3. **Date format**: Dropped "th" from "March 31" (U.S. style) and placed dates consistently. 4. **Flow**: Grouped core metrics (losses, EPS) first, then asset balances (equity, cash) for logical scanning—aligne

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SpaceX Ties Musk's Pay to Mars Colonization and Space Data Center

On April 28, SpaceX is set to tie Elon Musk’s compensation to key targets including Mars colonization and space-based data centers. Under the plan, Musk will earn a substantial equity incentive if the company hits three milestones: a $7.5 trillion valuation, a million-person Mars settlement, and large-scale orbital computing capabilities. Until those goals are met, Musk will receive no related compensation and currently takes only the minimum salary from SpaceX. This compensation structure is highly unusual and could create potential resource allocation competition with Tesla.

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Polymarket: Upgrade Complete, CLOB v2 Now Live

On April 28th, Polymarket announced the launch of its upgraded CLOB v2 trading platform. The platform’s API is now accepting orders, while its public website will be back online soon. A $1 million liquidity incentive program has been rolled out: $500,000 will be allocated in the first two hours, with the remaining $500,000 distributed throughout the rest of the day.

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The United Arab Emirates Announces Withdrawal from OPEC and OPEC+

April 28: The UAE has announced its withdrawal from OPEC and OPEC+, per a statement. In response to the news, WTI and Brent crude oil plunged over $2 in short-term trading before paring some losses, according to Bitget data. Their latest prices are $101.38 and $104.18 per barrel, respectively.

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