OKX Eyes US IPO After $500 Million DOJ Settlement

Crypto exchange OKX is exploring a public listing in the United States after restarting operations on American soil in April. The company recently paid $500 million to resolve criminal charges tied to unlicensed activity with US users. It’s now aiming for a foothold on Wall Street.

“We will absolutely consider an IPO in the future,” said OKX Chief Marketing Officer Haider Rafique. “If we go public, it would likely be in the U.S.” The comments, first reported by The Information, sent OKX’s native token surging nearly 10% before correcting.

The company has built a new US base in San Jose and installed Roshan Robert as its American CEO. OKX says the expansion will offer crypto access in a secure, compliant way. No filing has been made public, but preparations are clearly underway.

Circle’s $1.1 billion IPO has lit a fire across crypto firms, with shares soaring over 600% since debut. OKX joins peers like Kraken, Bullish, and FalconX in chasing the opening. The pipeline signals rising confidence in U.S. markets for digital asset giants.

Pompliano Raises $750M For Bitcoin Treasury Firm

Anthony Pompliano announced Monday that his crypto firm ProCap Financial raised over $750 million to purchase Bitcoin for its corporate treasury. The company raised $516.5 million in equity and $235 million in convertible notes before merging with Columbus Circle Capital. The final merger is expected by year-end, positioning ProCap to become one of the largest Bitcoin treasury holders globally.

The plan mirrors earlier strategies by MicroStrategy, now Strategy, that made crypto treasuries mainstream among public companies. Pompliano said the firm aims to leverage its Bitcoin for revenue generation while preserving long-term exposure to BTC. ProCap's announcement reflects a growing trend of institutional crypto adoption in public capital markets.

Scammer Gambles $4M Stolen From Coinbase Users

Crypto investigator ZachXBT has linked New York-based Christian “Daytwo” Nieves to a $4 million phishing scheme targeting Coinbase customers. Using fake support calls, Nieves and his crew allegedly redirected victims to phishing sites and drained accounts before laundering funds via Roobet casino. Blockchain traces show repeated casino deposits and Bitcoin swaps into Monero to obscure trails.

Nieves flaunted luxury goods on social media and mocked critics, but appears to have lost most of the funds to gambling. ZachXBT said the case highlights low operational security among scammers and expects it to be easy for law enforcement to pursue. Coinbase recently disclosed related internal data leaks and faces hundreds of millions in potential reimbursements.

Hacken Token Crashes 99% After Minting Exploit

Cybersecurity firm Hacken suffered a $250,000 exploit Saturday after a leaked private key allowed unauthorized minting of its HAI token. The attacker dumped massive amounts of HAI on decentralized exchanges, collapsing its price by 99% in under an hour. Hacken said the breach was isolated from its core operations and stemmed from bridge redesign work.

The firm has paused bridge activity across Ethereum and BNB Chain, urging users to ignore any airdrop offers as scams. CEO Dyma Budorin said the company now plans to transform HAI into a regulated equity token tied to Hacken shares. Users affected by the exploit may be eligible for a future token swap, details of which are forthcoming.

Data of the Day

Bitcoin treasury giant Strategy added 245 BTC for $26 million last week, bringing its total holdings to 592,345 BTC worth over $60 billion. The firm used proceeds from its STRK and STRF preferred stock offerings to fund the purchase, averaging $105,856 per coin. It now owns roughly 2.8% of Bitcoin’s total 21 million supply.

Strategy’s aggressive acquisition plan continues via its “42/42” capital program, which targets $84 billion in funding through 2027. Analysts say the firm’s layered preferred stock approach maximizes capital efficiency while maximizing exposure to BTC. Co-founder Michael Saylor hinted at further buys, posting “Nothing Stops This Orange” on social media over the weekend.

More Breaking News

• Paradigm led a $15M Series A in GTE, backing the so-called 'world's fastest' DEX as it aims to rival Binance and Coinbase with high-speed order books.
• Trump Media will launch a $400M share buyback funded separately from its $2B Bitcoin treasury, which continues to be managed with institutional custody.
• Fortune 500 giant Fiserv will issue a Solana-based stablecoin using Paxos and Circle tech, promising 24/7 settlement and deep banking integration.
• Ex-Coral Capital executives are raising $100M to build a treasury vehicle centered on BNB, aiming to mirror Michael Saylor’s Bitcoin accumulation play.
• Trezor has warned users about phishing emails sent via its own contact form, confirming no breach occurred but advising caution and extra vigilance.
• Ethereum whales opened over $100M in long positions on Hyperliquid just hours after US strikes on Iran, defying broader market caution amid rising global tensions.

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