CW12 Market Digest

OKX DEX suspended service

Due to Korean hackers trading the hacked ETH via OKX DEX aggregator, OKX announced to temporarily suspend the DEX aggregator services.

Though OKX and Star Xu made it clear that OKX Web3 is a DEX aggregator, not a custodian of customer assets, there seems still pressure from regulators, especially Europe where OKX just got MiCA licensed.

If such service were to continue by large entities like OKX, most likely either the service is clearly seggregated from other services of the exchange which lost the synergies, or there would be KYC or some centralized control which seems against the spirit of decentralization.

CME lists Solana derivatives

CME Group, the world's leading derivatives marketplace, today announced plans to launch Solana (SOL) futures on March 17, pending regulatory review. Market participants will have the choice to trade both a micro-sized contract (25 SOL) and a larger-sized contract (500 SOL).

CME Group SOL futures will be cash-settled and based on the CME CF Solana-Dollar Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of SOL and is calculated daily at 4:00 p.m. London time.

Will this be a milestone for Solana spot EFT as the next step?

Binance Alpha 2.0

After Binance launched Binance Alpha Program last year, it's clearly a benchmark to Nasdaq Capital Market, compared to Nasdaq Global Select Market and Nasdaq Global Market.

However the effects were not as big as expected in my opinion, because the majority of retail still trades mianly in CEX. Typically new project tokens recently are first listed in Bybit / Bitget, then go to Korea Upbit / Bithumb, and after Binance finally listed the project token the project team will simply dump all their holdings.

Binance is caught in the middle, should they list those popular coins to satisfy users' trading interest, or rather not bother to list so as to protect the users?

Seeing this, Binance announced the Binance Alpha 2.0, unlike the Binance Alpha 1.0 limits access only from Binance Wallet, Binance Alpha 2.0 expands Binance Alpha by integrating it directly within the Binance Exchange, while still remaining available on the Binance Wallet. Hoping this would break the dilemma of listing now.

1Token's Service

Serving 60+ Clients worldwide, 1Token's Crypto PMS, RMS, and Portfolio Accounting Software has the unique trading know-how and technology capabilities to build:

• Front office (portfolio managers and traders) to view live position and exposure, calculate trading PnL and historical performance.
• Middle office (ops and risk) to maintain portfolios and API accounts, book OTC trades, monitor risk metrics and analyze VaR/STV, generate shadow NAV with investor subscription/redemption/dividend.
• Back office (admin and auditors) to collect and reconcile trades, generate valuation and PnL reporting under FIFO/WAC tax strategy.