📈 OKX is preparing for a U.S. IPO?

After a $500M settlement with the DOJ, the crypto exchange restarted its U.S. expansion in April, opened HQ in San Jose, and hired ex-Morgan Stanley exec as CEO

Now, OKX is reportedly eyeing a public listing in the U.S., following in the footsteps of Bullish (backed by Peter Thiel).

CEO: “The U.S. is no longer an impossible market — it’s an untapped opportunity.”

OKX is betting big on becoming a “super app” for crypto.

📉 Bitcoin Under Pressure, Gold on the Rise – JPMorgan

JPMorgan analysts warn that Bitcoin’s "digital gold" narrative is weakening as its volatility and ETF outflows raise doubts. Meanwhile, gold is emerging as the primary hedge in the debasement trade, benefiting from strong demand.

Gold has surged past $3,100 per ounce, supported by both central banks and private investors, while Bitcoin struggles with higher risk and correlation to tech stocks. Spot Bitcoin ETFs have seen outflows, while gold ETFs continue to attract inflows.

Despite this, Bitcoin remains above its production cost ($62K), which historically acts as a price floor. However, JPMorgan sees gold maintaining its strength in the inflation-hedging trade.

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