OKX opens DEX trading doors to the US and global markets
On Nov. 13, OKX announced the introduction of its in-app decentralized trading capability, allowing US and international customers to access decentralized exchanges directly from its mobile platform.
The update allows traders to transfer tokens across Solana, Base, and X Layer without third-party wallets or bridges using self-custody wallets with passkey authentication. OKX said the deployment will give millions of consumers smooth access to decentralized liquidity while keeping private key control.
OKX calls the new feature CeDeFi trading, a hybrid integration that combines centralized and decentralized trading benefits in one interface. The exchange says the launch crucial because it addresses the “heavy technical overhead” that has separated CEX and DEX users.
Security vulnerabilities and execution slippage can result from manually securing seed phrases, gaining native tokens for gas fees on various chains, and using external bridges.
OKX proposes CeDeFi trading to solve these issues by providing a single platform to monitor centralized order books and decentralized tokens. The product also has an innovative order routing technology that searches over 100 liquidity pools across supported networks for the cheapest execution price.
New DEX token projects can be found on the app's “Explore” page or search bar before they surface on major spot exchanges.
Wolf Capital co-founder Travis Ford gets 5 years for $9.4m Ponzi scheme
In a news release, the U.S. Department of Justice said that 36-year-old Ford will serve 60 months in prison and pay nearly $1 million in forfeiture and $170,000 in restitution. Ford was involved in a crypto investment scheme that cheated 2,800 investors of millions between January and August 2023.
The former Wolf Capital CEO was sentenced on November 14 by the DoJ after pleading guilty to wire fraud conspiracy in January.
Wolf Capital obtained funds from unwary investors after Ford and co-conspirators advertised on the company's website and social media. The convicted crypto investment firm CEO posed “as a sophisticated trader, able to deliver high returns.”
Ford allegedly stole these monies and moved them to his own benefit, leaving investors without the 1–2% daily or 547% annual return.
Sluggish Aster price at $1.00 as bullish volume fades
Aster price signals weariness as bullish momentum diminishes and bearish pressure rises. After losing the value area high at $1.22, the token has fallen below the control point and is consolidating above a major HTF support at $1.00.
This level has been significant for weeks, but frequent retests have weakened it and created worries about whether bulls can defend it.
