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OKX CEO Star: OKX Pay Will Become the Gateway for Billions of Users to Enter Web3

3 hours ago

On April 30th, as per official channels, OKX CEO Star declared at the main venue of the Token2049 summit in Dubai that OKX Pay has officially been launched. Star pointed out that OKX Pay is the world's first encrypted payment wallet equipped with a complete built-in compliance system, enabling users to instantly and securely send and receive USDT and USDC globally. OKX Pay is constructed based on the Account Abstract (AA) architecture and ZK Email technology and incorporates mechanisms like multi-signature, Anti-Money Laundering (AML), password recovery, etc. Additionally, it achieves zero transaction fees on OKX's self-developed ZK Layer 2 network, X Layer, and offers users a maximum USDT annual yield of 5%. Star emphasized: "In the future, all financial institutions will provide certain forms of non-custodial services in a compliant manner, encompassing scenarios such as payments and remittances. OKX Pay and X Layer are building the underlying infrastructure required for this future, driving hundreds of millions of users into the world of crypto and Web3."
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Tariffs and International Trade Uncertainty Soar as U.S. April Employment Sees Sharp Slowdown

On Wednesday, April 30th, ADP reported that the company had significantly decelerated its hiring in April in response to the potential impact of President Trump's tariffs on U.S. trading partners. During the month, the private sector added only 62,000 jobs, which was the smallest increase since July 2024. This was due to the escalating uncertainty regarding the level of tariffs, their impact on hiring plans, and economic conditions. Wage growth also took a step backward. Job holders staying in the same position saw a 4.5% year-on-year increase, which was 0.1 percentage point lower than in March. However, job switchers saw an increase to 6.9%, which was 0.2 percentage points higher. From an industry perspective, the leisure and hospitality sector saw the largest increase, adding 27,000 jobs. Other growing industries included trade, transportation, and utilities (21,000), financial activities (20,000), and construction (16,000). Education and health services saw a decrease of 23,000 posi

3 minutes ago

After the GDP data was released, the premarket futures of US stocks extended losses, with Nasdaq 100 futures falling by 1.4%.

On April 30th, following the release of GDP data, US stock index futures continued to decline. Nasdaq 100 futures dropped by 1.4%, Dow futures by 0.45%, and S&P 500 index futures by 0.96%. (IG Securities)

3 minutes ago

The U.S. experienced negative GDP growth in the first quarter, with a preliminary estimate of -0.3% for the first quarter's real GDP annualized seasonally adjusted rate.

On April 30th, the initial estimation of the annualized growth rate of the US first-quarter real GDP is -0.3%. The expected value is 0.3%, while the previous value was 2.40%. The US first-quarter GDP witnessed negative growth, reaching a new low since the second quarter of 2022. (FXStreet)

3 minutes ago

The US first-quarter Core PCE Price Index annualized quarter-over-quarter rate posted a preliminary reading of 3.5%, reaching a new high since the first quarter of 2024.

April 30th: The initial reading for the annualized rate of the US first-quarter Core PCE Price Index was 3.5%, which exceeded the expected 3.3% and the previous value of 2.60%. The initial reading for the annualized rate of the US first-quarter Core PCE Price Index reached 3.5%, achieving a new high that had not been seen since the first quarter of 2024. (Xinhua Finance)

3 minutes ago

Securitize and Gauntlet have launched a leveraged DeFi yield strategy based on the Apollo tokenized credit fund.

On April 30th, as per CoinDesk, the tokenized asset issuer Securitize and the DeFi research and risk management firm Gauntlet have entered into a partnership to launch a leverage DeFi yield strategy based on the Apollo tokenized credit fund. This leverage RWA strategy will initially commence on Polygon and will be expanded to the Ethereum mainnet and other blockchains after the pilot phase. The strategy employs a DeFi-native technology known as looping to boost yield, highlighting the growing acceptance of tokenized assets in native crypto applications.

3 minutes ago

Over 300 Cryptocurrency Industry Professionals Sign Petition Urging Trump Administration to Drop Lawsuit Against Open-Source Software Developer

On April 30th, as per crypto journalist Eleanor Terrett, over 300 industry participants in the crypto realm have affixed their signatures to a petition spearheaded by the DeFi Education Fund. This includes Tyler and Cameron Winkelvoss. The petition implores the Trump administration to desist from its unjust prosecution of U.S. open-source developers and calls upon White House cryptocurrency and AI czar David Sacks to champion the software developers who are under the microscope of the Justice Department.

3 minutes ago

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