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SEC Delays XRP ETF Decision, 8.42 Billion Dogecoin Stun Futures Traders, OKX Denies Being Under EU Investigation: Crypto News Digest by U.Today
The cryptocurrency market has been abuzz with recent news and developments in the space. In a shocking move, the SEC has announced that it will be delaying its decision on Grayscale’s XRP ETF application.
For those unfamiliar, an ETF stands for exchange-traded fund, which allows investors to trade cryptocurrencies like any other stock on major exchanges. The delay is likely to spark concerns and frustration among Ripple enthusiasts and potential investors alike.
Meanwhile, futures traders have been left stunned as a staggering 8.42 billion Dogecoin (DOGE) was suddenly traded in the market. This unprecedented surge has caught many off guard, with some experts pointing out that such large trades are often indicative of insider knowledge or institutional involvement.
As for OKX, the exchange has vehemently denied claims that it is under investigation by European authorities. The firm argues that its Web3 wallet services are comparable to those offered by other industry participants and asserts that it has taken steps to freeze stolen funds associated with the recent Bybit hack.
OKX, however, remains adamant that Bybit is spreading misinformation about the situation, stating that it is willing to collaborate with the exchange to address the repercussions of the hack.
