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OKX CEO Star: OKX has never and will never engage in token manipulation or price manipulation.

3 hours ago

On October 9th, the CEO of OKX, Star, posted on social media, expressing his delight at some Chinese-speaking users participating in transactions such as "Some Exchange Life," "Some Exchange Customer Service," and "Some Exchange King" on the OKX Wallet. OKX has always been committed to becoming blockchain infrastructure, enabling users to interact securely and smoothly with more than a hundred global public chains. This includes discovering tokens, trading assets, and participating in DeFi investments. This concept also encompasses the "friendly competitor"'s chain and coin. Regarding some users' intense questioning and cyber attacks on OKX and himself, Star stated that this reminded him of the operational model of some "pyramid scheme" organizations - driving blind investment through emotions to gain followers. However, he does not believe that the crypto industry or any friendly competitors are equivalent to pyramid schemes. Friendly competitors win global users with excellent products and services, and OKX is also working hard to learn from them. The OKX team refuses to hype up so-called "OKX Life," "OE Life," etc. because OKX believes that blockchain is a technology-driven financial revolution aimed at providing equal and convenient financial services to billions of people globally, rather than manipulating coin prices or guiding speculative emotions. OKX has never and will never artificially create tokens or engage in pump and dump schemes. It believes that true power comes from continuous development.
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Binance will add a watch label for WAN, remove watch labels for GPS and MBL, and remove seed labels for some tokens

On October 9th, as per an official announcement, after a recent review, Binance will attach observation tags to additional tokens on October 9th, 2025, and remove the observation tags and seed tags for the corresponding tokens. The tokens to be added to the observation tag list are as follows: Wanchain (WAN) The tokens to be removed from the observation tag list are as follows: GoPlus Security (GPS) MovieBloc (MBL) The tokens to be removed from the seed tag list are as follows: Berachain (BERA) BIO Protocol (BIO) ZKsync (ZK) LayerZero (ZRO)

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An address purchased 1,326,000 FORM at an average price of $1.45 per token.

On October 9th, as monitored by Onchain Lens, a newly established wallet spent 1.935 million USDT within the past 2 hours and purchased 1.326 million FORM at a price of $1.45 each.

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Cryptocurrency Exchange Gemini Establishes Australian Branch

On October 9th, according to Reuters, the cryptocurrency exchange Gemini has established a branch in Australia with the aim of expanding into the local market. It will provide digital asset trading services to meet the increasing demand. Gemini declared that its operations in Australia, named Gemini Intergalactic Australia, will officially commence cryptocurrency trading services after completing the registration as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC). Previously, Australian customers could access the Gemini platform, but the services were still offered through the company's global branches.

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A certain trader heavily bet on 4 Chinese Meme coins and has not won a single time, facing a paper loss of $1.372 million.

On October 9th, as per on-chain analyst Ai Yi (@ai_9684xtpa), a particular trader has sustained a realized loss of $1.372 million within the past 24 hours while placing bets on Chinese Meme coins. After a period of five months of inactivity, the trader's address suddenly entered the "buying mode" last night: it spent $4.493 million to make significant purchases of Binance Life / Customer Service Xiaohe / PUP / Hakimi. The position in Binance Life reached as high as $3.31 million and is currently all in an unrealized loss and has not been sold.

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Bitcoin Price Drops to $122,000

On October 9th, according to HTX market data, Bitcoin dropped to reach $122,000. It is now trading at $122,072, with a 24-hour decline of 0.04%.

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US Representative: Despite US Government Shutdown, Crypto Market Structure Bill Proceeding as Planned

October 9th — As per Cointelegraph, Bryan Steil, a U.S. Wisconsin Congressman and one of the original co-sponsors of the House's crypto market structure bill called the CLARITY Act, indicated that despite the government shutdown, the Republicans still intend to pass the bill by 2026. Steil mentioned in an interview that the Republican legislative plan is progressing as planned, aiming to bring regulatory clarity to the digital industry. Senate party leaders have promised to have the Senate version of the bill signed into law by 2026. However, with the U.S. government shutdown now in its eighth day, the industry has voiced concerns regarding the legislative process.

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