May 2026 CEX trading volume rankings: Binance still firmly holds the top spot, with spot trading volume surpassing the combined total of ranks 2-9, accounting for over 50% of the market share. CZ and Yi Jie’s net worth are about to skyrocket again
[Italian Bank Research Shows Stablecoins Lack Systematic Advantage in Cross-Border Remittances] According to BeInCrypto, research conducted by Italian banks indicates that stablecoins do not possess a systematic cost advantage in cross-border remittances. Researchers tested the transfer of $200 USDC between Italy and Argentina, Brazil, South Africa, the UAE, and Japan, with total fees ranging from 0.3% to 9%. On-chain transfer costs averaged 0.4% of the total, while fees for funding, currency exchange, and withdrawals—reliant on banks and exchanges—drove up overall costs. Transfer speeds varied significantly depending on the destination's infrastructure; Brazil's Pix system completed transfers within 20 minutes, while South Africa required 1 to 2 business days. Stablecoins remain highly dependent on the traditional banking system.
OKX has announced the addition of GALAUSDUM (X-Perp) to multiple services, including various trading services, officially launching on August 19, 2026, at 16:00 (UTC+8). Notes: - The GALAUSDUM (X-Perp) contract will officially launch on August 19, 2026, at 16:00 (UTC+8). - Trading will be supported via the web platform, mobile app, and API. - Leveraged trading carries risks; users are advised to fully understand and manage their positions responsibly.
OKX has announced the addition of SOXSUSD UM (X-Perp) and DELLUSD UM (X-Perp) to multiple services, including various trading services, officially launching on 2026-08-19 at 17:30 (UTC+8). Notes: - The SOXSUSD X-Perpetual Contract will go live on August 19, 2026, at 17:30 (UTC+8). - The DELLUSD X-Perpetual Contract will go live on August 19, 2026, at 17:45 (UTC+8). - SOXSUSD is a leveraged ETF derivative. Using leveraged trading can further amplify market exposure, liquidation risks, and losses.
[Patrick Witt: Optimistic About the CLARITY Act, Stablecoin Yield Controversy Resurfaces] According to The Block, White House cryptocurrency advisor Patrick Witt expressed optimism and confidence on Tuesday at the SALT conference in Wyoming regarding the eventual passage of the CLARITY Act. Senate Majority Leader Thune has scheduled a procedural vote on the bill for September 15 (UTC+8). Witt stated that discussions with Democrats on areas of disagreement will take place at that time. Senate Banking Committee Chairman Tim Scott pointed out that the stablecoin yield controversy has resurfaced and requires further negotiation. Democrats are pressuring for stronger ethical provisions concerning conflicts of interest related to former President Trump's cryptocurrency holdings. Former President Trump is currently evaluating an ethics proposal introduced by Senators Gallego and Tillis, which includes provisions authorizing state attorneys general to enforce regulations. Senator Lummis remarked that it remains uncertain what decision former President Trump will ultimately make.
OKX has announced the addition of UNITREE (UNITREE) to multiple services, including futures contracts, officially launching on 2026-08-19 at 13:15 (UTC+8). Important Notes: - The UNITREE/USDT perpetual contract will officially launch on August 19, 2026, at 13:15 (UTC+8). - The funding fee settlement cycle is 8 hours. If the rate reaches the upper or lower limit, the settlement frequency will automatically adjust to once per hour. - The availability of this product varies by region. Please confirm in the app whether it is supported in your region.
