OKX CEO apologizes after ‘false positives’ lock users out of accounts

Solana's price is at a make-or-break moment this week, hovering between $145 and $160. Buyers are showing interest, but they’re struggling to push the price higher. If Solana can’t hold its current support level, it could drop to around $128.50—but if it breaks through resistance, the uptrend could keep going.

Editor’s Note: For crypto traders, Solana’s current price action is a high-stakes waiting game. A breakdown could mean short-term losses, while a breakout might signal more gains ahead. It’s a snapshot of the volatile, momentum-driven nature of crypto markets—where a few key price levels can dictate the next big move.

Galaxy Digital, a major crypto investment firm, is sounding the alarm about Robinhood’s ambitious move to tokenize stocks—essentially turning traditional shares into digital assets that trade around the clock. They argue this could siphon off trading activity (and the fees that come with it) from big players like the NYSE, shaking up the financial world’s status quo.

Editor’s Note: If Robinhood pulls this off, it’s not just about crypto bros getting more toys—it’s a direct challenge to how stock markets have operated for centuries. Traditional exchanges could lose their grip on liquidity (and profits), while investors might gain flexibility. But regulators will likely have a lot to say before this becomes reality.

The CEO of crypto exchange OKX has apologized after users were unexpectedly locked out of their accounts due to what he called "false positives" in the platform's compliance systems. He admitted these glitches are a major hurdle in balancing security with smooth user access, especially as the company navigates global regulations.

Editor’s Note: Getting locked out of your crypto account without warning is frustrating—especially when it's not your fault. This highlights the tightrope exchanges walk between preventing fraud and annoying legitimate users. For OKX, fixing these hiccups is crucial to keeping trust in a competitive market where customers can easily jump to rival platforms.

Oregon's Attorney General is pushing back against Coinbase's attempt to move a lawsuit from state to federal court, arguing the case should stay local. The state accuses the crypto exchange of violating securities laws, calling it a "Gensler-era copycat lawsuit"—a nod to the SEC’s aggressive stance under Chair Gary Gensler.

Editor’s Note: This isn’t just bureaucratic wrangling—it’s a power struggle over who gets to police crypto. States like Oregon want to enforce their own rules, while companies like Coinbase prefer federal courts, which might be more sympathetic. The outcome could shape how tightly crypto is regulated at the local level, adding another layer to the industry’s legal headaches.

Amber International, a crypto-focused firm, just secured $25.5 million in fresh funding to expand its $100 million cryptocurrency reserve. This move signals strong investor confidence in their strategy, likely aimed at stabilizing or growing their crypto holdings amid market fluctuations.

Editor’s Note: In a market where crypto volatility keeps everyone on edge, a $25.5 million cash injection isn’t just loose change—it’s a bet that Amber knows what it’s doing. Whether they’re hedging against crashes or doubling down on growth, this kind of financial backing suggests they’re playing the long game. For crypto watchers, it’s a sign that institutional money isn’t backing away just yet.