Month: August 2025

OKX Slashes OKB Token Supply by 50% With $7.6B Burn, Price Surges

OKB, the token of cryptocurrency exchange OKX, more than tripled to a record high after the company executed a one-time burn of 65.26 million OKB, cutting the supply by more than 50%. Burning the roughly $7.6 billion worth of tokens permanently reduces the maximum supply to 21 million, in...
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A16z, DeFi Group Pitch U.S. SEC on Safe Harbor For DeFi Apps

Over its years of shepherding its portfolio firms through regulatory waters in the U.S., Andresseen Horowitz (a16z) has made several proposals to keep securities laws off of crypto activity, and a new petition to the Securities and Exchange Commission is seeking such protection for decentralized finance (DeFi) websites and...
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Bitcoin Dominance Falls Below 60% as Crypto, U.S. Stocks Hit New Highs

Bitcoin (BTC) dominance has fallen below 60% for the first time since Feb. 1. This figure represents bitcoin’s share of the total cryptocurrency market capitalization. Bitcoin’s market cap now stands at $2.39 trillion, while the overall cryptocurrency market has surged past $4 trillion, setting a new all-time high. Ether...
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Bitbuy: Your One-Stop Shop for Everything Crypto in Canada

Since 2014, Canada has ranked among the top countries to dispense regulatory guidelines to govern the adoption of crypto among citizens. One of these laws is that only licensed crypto exchanges should operate in the country. That poses the question: “Which crypto exchange is licensed in Canada?” Bitbuy is...
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