News & Research

Yueqi Yang, a crypto reporter at The Information, reported on X that OKX, one of the world’s top three crypto exchanges, is considering a U.S. initial public offering (IPO) after relaunching its exchange services in the country this April. She added that crypto-related stocks are rallying at valuations that have surprised even industry veterans.

AGM Group Holdings, which develops crypto mining hardware, has avoided being delisted from the Nasdaq after raising its stock price above the required $1 minimum, according to a press release on GlobeNewswire. The company had previously received a warning from Nasdaq for falling below the listing standard. On June 18, Nasdaq informed AGM that it had met the conditions to remain listed, including lifting its share price by the June 16 deadline. The company must continue to meet Nasdaq’s other requirements through at least Sept. 29 to maintain its listing.

Argentina’s Anti-Corruption Office has ruled that President Javier Milei did not violate public ethics laws when he promoted the LIBRA memecoin, stating that his Feb. 14 post on X was made in a personal capacity and was not connected to government resources, according to Cryptonews. This comes after an Argentine federal judge ordered the freezing of assets related to LIBRA, following the token’s price collapse of more than 85%.

Bloomberg analyst Eric Balchunas said in a June 7 post on X that there is a “really good chance” an actively managed exchange-traded fund (ETF) focused on memecoins will launch in the future, according to Cointelegraph. He expects several actively managed crypto ETFs to roll out by winter 2025, with a memecoin-only fund likely following in 2026. Balchunas explained that memecoins are a good fit for active management due to their high return volatility and limited analyst coverage.

Layer-1 blockchain Sui (SUI) announced that it has successfully upgraded its mainnet to version 1.49.2, according to the project’s WeChat post. The update includes activation of ExecutionTimeEstimate mode, improved parsing logic for Nitro proofs and recovery of stolen funds.

Beaverbuild, labeled as the largest Ethereum (ETH) block builder, deposited 5,500 ETH, worth $13.6 million, into Binance, according to on-chain analyst @ai_9684xtpa on X, citing data from Arkham. Since November 2023, the address has deposited a total of 24,519 ETH, valued at $66.46 million, into various exchanges.

A wallet holding $2 billion of World Liberty Financial’s stablecoin USD1 has transferred $200 million to Binance Exchange, according to blockchain analytics firm Arkham on X. This wallet remains the largest holder of USD1, accounting for over 80% of the total supply.

According to South Korean news outlet Financial News, on May 10, Russian forces tried to advance towards Kharkiv, Ukraine's second-largest city, but were repelled. Oleh Sinehubov, the governor of Kharkiv, reported that Russian forces increased their shelling from the north and attempted to cross the border but were stopped. Russian forces had used missiles, mortars and drones since the previous night to concentrate attacks on the city of Kharkiv and nearby areas such as Derhachi, Kupiansk and Vovchansk. This airstrike led to the death of one civilian man and damage to dozens of homes.