Industry Headlines
Global Policies
- President Biden signed the "2022 Inflation Reduction Act" with Federal Reserve meetings indicating no evidence of easing inflation pressures.
- South Korea now permits law enforcement to confiscate virtual assets from those evading penalty payments.
- Colombia plans to launch a CBDC (Central Bank Digital Currency).
Project Updates
- Ethereum core developers confirmed all mainnet merge preparations are complete.
- Ethereum Pow released the initial version of ETHW Core.
- Tencent's Phantom Core discontinued NFT sales, offering users refunds or asset retention options.
Major Fundraising
- Web3 creator platform Phyllio secured $15M in funding led by RTP Global.
- Fractional rebranded as Tesser and completed $20M Series A (Paradigm lead).
- Latin American asset tokenization firm Koibanx raised $22M Series A (Algorand lead).
OKX Updates
Brand Activities
- OKX Web3 Wallet passed security audits by SlowMist and OKLink, verifying zero private key/server uploads.
- OKX expanded services to Taipei, China.
- Hosted Xspace discussion: "Is Web3 the New Golden Opportunity?"
Product Enhancements
Spot Trading
- ITC token 1:10 ratio swap scheduled for August 23-24. Trading pauses August 23, 3 PM HKT.
Derivatives
- Low-liquidity contracts (CQT, BZZ, CONV, RSS3, LAT) to be delisted—details in official notice.
Earn Products
- ZBC high-yield staking launched August 17.
- DOT/EOS/MINA/MATIC/ATOM staking goes live August 22.
- Adjusted redemption rules for Flexible Savings (USDT/BTC/ETH).
Broker Program
- Upgraded commission tiers (spot/contract separation) effective August 18, with hourly T+1 payouts.
NFT Marketplace
- Cross-platform listings enabled (e.g., MagicEden).
- Yogapetz/Outland 3Face/AngryCat whitelist campaigns active mid-August.
- Platform hosts 125M+ NFTs with historical IGO data available.
OKC Chain
- Leader Jonathan Phan presented at Bangkok's Play-2-Earn Expo.
Metrics (7-day):
- Transactions: 590K (~84K/day)
- New addresses: 5,359 (~765/day)
- Total non-zero addresses: 2.35M
👉 Explore OKX's Web3 Wallet Security Features
Market Analysis
Bitcoin dropped 15% (from $24.6K to $20.8K) and Ethereum 22% ($1,957 to $1,523) between August 17-21, suggesting premature "bear market end" claims.
FAQ Section
Q: Is my private key stored on OKX servers?
A: No—audits confirm keys never leave your device.
Q: When will ITC trading resume?
A: Post-swap announcements will specify timelines.
Q: How does OKX's NFT liquidity aggregation work?
A: It pools orders across platforms like MagicEden for better pricing.
👉 Get Started with OKX's Secure Web3 Wallet
Disclaimer: Not investment advice. Comply with local regulations.
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