OKX APP Payment Protocol Goes Live for One Month, X Layer On-Chain Payment Data Continues to Surge
Per Dune data, as of May 28, X Layer has logged over 1.73 million total payment activities linked to OKX’s Agent Payments Protocol (APP), with cumulative transaction volume exceeding $6 million. The count of unique addresses on the network has topped 330,000, and X Layer has entered a rapid growth phase since May 22.
For context, OKX’s Agent Payments Protocol (APP) has been live for a full month. Built specifically for AI Agent business scenarios, the protocol handles core workflows including payment method selection, digital signatures, and settlement. To support quick integration for merchants and developers, OKX offers components such as Skills, API, and SDK on X Layer. Multiple merchants have already completed the integration.
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Announcement: US April Core PCE to Be Released Tonight at 8:30 PM, Expected at 3.3%
May 28: The U.S. April PCE data is set to release tonight at 8:30 p.m. Beijing time. Market consensus forecasts April’s year-over-year PCE rise will hit 3.8%, up from the prior reading of 3.5% and marking a near three-year high. The core PCE year-over-year rate is also expected to edge slightly higher to 3.3%. With energy price pressures still lingering and service sector inflation remaining sticky, if the data confirms inflation is accelerating broadly, it will provide strong backing for the Fed to pivot back to a hawkish stance.
Currently, the CME Group’s FedWatch tool shows that while markets expect interest rates will stay unchanged in June, the probability of a rate hike before the end of the year has risen noticeably. Looking ahead, Goldman Sachs believes inflation will take time to cool, forecasting core PCE will remain around 3% through 2026, while overall inflation this year will hold below 4%.
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pvp.trade has purchased $8.68 million worth of HYPE tokens as part of a commission, currently enjoying a unrealized gain of over $15 million.
May 28 update: On-chain analytics firm Embermonitor reports that Hyperliquid’s Telegram trading bot and copy-trading platform pvp.trade has accumulated roughly $8.68 million in total transaction fee commissions, cementing its status as one of the top Builders in the Hyperliquid ecosystem.
Since Hyperliquid launched, pvp.trade has consistently reinvested its commission earnings into buying HYPE tokens. The platform currently holds 421,000 HYPE, with an average cost per token of just $20.6. At current market rates, that stake is valued at around $24.34 million.
However, pvp.trade redeemed 400,000 HYPE tokens from staking yesterday — a holding worth approximately $22.8 million at the time of withdrawal. It remains unclear whether the move was a deliberate profit-taking play amid HYPE’s recent price surge.
Hyperliquid’s Builder Fees mechanism rewards the creators of its products with a share of transaction fees generated by trading on those products.
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Futu Q1 Net Profit of HK$831 million, a YoY Decrease of 61.2%
Futu Holdings Ltd. (NASDAQ: FUTU) released its Q1 2026 financial results on May 28. Revenue reached HK$5.8599 billion, a 24.7% year-over-year increase, while net profit fell 61.2% YoY to HK$831 million. According to Bitget data, Futu’s U.S.-listed shares traded down 4.84% in pre-market hours, changing hands at $104.88 as of press time.
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US-Iran Standoff and Fed Hawkishness Double Pressure, Gold Price Falls to Two-Month Low
May 28 (Investinglive) — Gold prices slid to a two-month low this week amid stalled U.S.-Iran talks and mounting hawkish risks from the Federal Reserve. While markets had priced in an imminent bilateral deal and a potential reopening of the Hormuz Strait, no official announcements have materialized—only a flurry of unconfirmed reports and market chatter.
Over the past few days, both sides have carried out limited military strikes, but the U.S. maintains that its ceasefire agreement remains in effect. On the Fed side, a growing number of policymakers are pushing to abandon the central bank’s dovish stance, with the June FOMC meeting emerging as the critical juncture for this policy shift.
Looking ahead, if no breakthrough in U.S.-Iran relations occurs before the June meeting, persistent high inflation and resilient U.S. economic data could deliver a hawkish surprise to markets. In the near term, a resolution that reopens the Hormuz Strait would likely push oil prices lower and lift ex
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