OKX APP Payment Protocol Goes Live for One Month, X Layer On-Chain Payment Data Continues to Surge

May 28: The White House’s Office of Information and Regulatory Affairs (OIRA) has begun reviewing a draft rule proposed by the U.S. Commodity Futures Trading Commission (CFTC) focused on prediction markets—a development that could reshape how U.S.-based prediction platforms like Kalshi and Polymarket operate. Federal documents show the rule was submitted to OIRA for review on May 26 and centers on "prediction markets." While the full text of the rule hasn’t been released, market observers interpret this as the CFTC advancing plans to establish a broader, federal regulatory framework for event-based contracts. Prior to this, several states—including Illinois and New Jersey—have argued that event contracts, especially those tied to sports, amount to online gambling. But Kalshi and the CFTC contend that designated contract markets regulated under federal commodity law should fall exclusively under the CFTC’s jurisdiction. Notably, former U.S. President Trump publicly backed the CFTC’s cl

May 28: Aave Labs’ U.K. subsidiaries Push Labs Ltd. and Push Virtual Assets Ltd. have received formal approval from the U.K. Financial Conduct Authority (FCA) to register as authorized local cryptocurrency exchange service providers. According to Aave, these licenses allow Push to conduct compliant cryptocurrency and payment-related operations in the U.K., paving the way for upcoming product launches including zero-fee stablecoin deposits and withdrawals.

**May 28 Crypto Update: BTC Inflows to Exchanges + Stablecoin Outflows Trigger "Risk-Off" Signal** Crypto analyst Axel Adler Jr. is highlighting a clear "risk-off" red flag for the Bitcoin market: BTC moving into centralized exchanges paired with a record pace of stablecoins exiting those platforms, pointing to growing selling pressure and shrinking buying liquidity. Data shows Bitcoin’s 30-day net exchange flow swung sharply from an extreme net outflow of 300,000 BTC at the end of March to a net inflow of 103,000 BTC as of May 26. That means more BTC is now being sent to exchanges to prepare for selling—directly pressuring its price, which has fallen from $80,000 to $73,700 over the same window. On the stablecoin side, the 30-day net flow flipped from a daily inflow of $164 million at the end of April to a daily outflow of $153 million as of May 27. This exodus of stablecoins from exchanges reduces the liquid capital available to purchase BTC, Adler explained. Adler stress

May 28 – Bybit has launched three new perpetual contracts today, with up to 10x leverage available for AMD (AMDSTOCKUSDT), Western Digital (WDCUSDT), and Bloom Energy (BEUSDT). These assets align with trending market segments: AMD is a core beneficiary of AI computing power, Western Digital focuses on the storage sector, and Bloom Energy specializes in energy storage solutions – covering two high-growth areas: technology and energy. To coincide with the launch, a limited-time fee discount is in effect: Maker fees are set at 0%, while Taker fees receive a 50% reduction.

May 28: The U.S. April PCE data is set to release tonight at 8:30 p.m. Beijing time. Market consensus forecasts April’s year-over-year PCE rise will hit 3.8%, up from the prior reading of 3.5% and marking a near three-year high. The core PCE year-over-year rate is also expected to edge slightly higher to 3.3%. With energy price pressures still lingering and service sector inflation remaining sticky, if the data confirms inflation is accelerating broadly, it will provide strong backing for the Fed to pivot back to a hawkish stance. Currently, the CME Group’s FedWatch tool shows that while markets expect interest rates will stay unchanged in June, the probability of a rate hike before the end of the year has risen noticeably. Looking ahead, Goldman Sachs believes inflation will take time to cool, forecasting core PCE will remain around 3% through 2026, while overall inflation this year will hold below 4%.

May 28 update: On-chain analytics firm Embermonitor reports that Hyperliquid’s Telegram trading bot and copy-trading platform pvp.trade has accumulated roughly $8.68 million in total transaction fee commissions, cementing its status as one of the top Builders in the Hyperliquid ecosystem. Since Hyperliquid launched, pvp.trade has consistently reinvested its commission earnings into buying HYPE tokens. The platform currently holds 421,000 HYPE, with an average cost per token of just $20.6. At current market rates, that stake is valued at around $24.34 million. However, pvp.trade redeemed 400,000 HYPE tokens from staking yesterday — a holding worth approximately $22.8 million at the time of withdrawal. It remains unclear whether the move was a deliberate profit-taking play amid HYPE’s recent price surge. Hyperliquid’s Builder Fees mechanism rewards the creators of its products with a share of transaction fees generated by trading on those products.