okx

Morning Minute: OKX Raises at $25B From Circle, Ripple, and StanChart

OKX secured a new investment round at a $25 billion pre-money valuation with participation from Circle, Ripple, Standard Chartered’s venture arm, and Qube Research, extending an earlier March backing from Intercontinental Exchange. The market also saw a late selloff that liquidated more than $540 million of long positions, while Ethereum-focused Layer 2 Abstract announced it will shut down on December 15 with about $47 million remaining on its chain.