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OKB token price jumps over 50% after ICE invests in OKX

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OKB token price surges over 50% as NYSE parent company ICE invests in OKX - 1

OKB token price jumped sharply after Intercontinental Exchange, the parent company of the New York Stock Exchange, announced a strategic investment in OKB issuer OKX.

Summary

  • OKB climbed from about $77 to an intraday high near $117 after ICE invested in OKX.
  • The deal values OKX at $25B and includes board representation for ICE.
  • Price broke out of the $75–$80 range, with $95 now key support and $115–$120 the next resistance zone.

OKB (OKB) surged from about $77.29 to an intraday high of $117.60 following the announcement. At the time of writing, the token was trading at $107.79, still up roughly 40% over the past 24 hours.

The move pushed OKB among the day’s top-performing altcoins. Over the past year, the token has gained around 149%, while monthly gains stand near 32%.

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Derivatives data from CoinGlass also shows a sharp increase in market activity. Trading volume jumped more than 3,500% to about $407 billion, while open interest rose 184% to roughly $48 million as traders rushed to position around the breakout.

ICE investment strengthens ties between Wall Street and crypto

The surge followed reports that Intercontinental Exchange has taken a minority stake in OKX, valuing the exchange at approximately $25 billion.

The investment will give ICE a seat on OKX’s board of directors, although the size of the stake has not been publicly disclosed. The deal signals a deeper push by ICE into blockchain infrastructure and digital asset markets.

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Under the partnership, ICE will license real-time crypto spot pricing data from OKX. At the same time, OKX plans to provide its global user base, reported to exceed 120 million, with access to ICE’s U.S. futures products and tokenized equities tied to NYSE-listed stocks.

Tokenized stock trading on the platform could go live in the second half of 2026, though the rollout still depends on regulatory approval.

The partnership also highlights how more traditional finance institutions are beginning to experiment with blockchain infrastructure. ICE has already shown interest in this space before, including investments in platforms such as prediction market operator Polymarket.

OKB price technical analysis

Market signals suggest the latest price surge could be the beginning of a new trend, though in the short term the market appears somewhat overheated. On the daily chart, OKB produced a strong breakout candle that drove the price out of the $75–$80 range and lifted it above $100.

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OKB token price surges over 50% as NYSE parent company ICE invests in OKX - 1
OKB daily chart. Credit: crypto.news

During that move, the token also pushed beyond the upper Bollinger Band. Such movements can indicate that the price has risen too quickly and may pause, but they also often indicate strong buying momentum.

Following a few sessions of relatively tight trading, volatility has clearly increased. The Bollinger Bands spread out sharply following the breakout, which is commonly seen when a market shifts from a quiet phase into a more directional move.

Momentum indicators also lean positive. The relative strength index has risen to around 75, clearly above the 70 level that typically marks overbought conditions. This shows buyers have been in control, although it can sometimes lead to a short pause or a small dip before the next move.

OKB has now moved back above several important moving averages, including the 20-day moving average near $79. In many breakout setups, prices sometimes revisit earlier resistance levels before attempting another climb.

If the current structure remains intact, analysts see the $110–$115 area as the next barrier, with a larger resistance zone near $120. On the downside, $95 is now viewed as the main support level, while $90 could provide an additional cushion if selling pressure appears.

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Should the price dip toward that region and attract fresh buying interest, it would support the possibility of another upward move, with $120 and potentially $135 as targets in the coming sessions.

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Crypto World

Morgan Stanley Sets Bitcoin ETF Fee at Ultra-Low 0.14%

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Morgan Stanley Sets Bitcoin ETF Fee at Ultra-Low 0.14%

Investment bank Morgan Stanley is seeking to launch its spot Bitcoin exchange-traded fund at a 0.14% fee, which would make it the cheapest in the US market and potentially force rivals to cut fees to stay competitive.

The 0.14% fee, proposed in Morgan Stanley’s latest S-1 registration statement on Friday, would be one basis point below the Grayscale Bitcoin Mini Trust ETF (BTC), currently the cheapest in the US market, and 11 basis points below the BlackRock-issued iShares Bitcoin Trust ETF (IBIT).

“Big move here. They are not messing around,” Bloomberg ETF analyst James Seyffart said, predicting that the Morgan Stanley Bitcoin Trust (MSBT) is “likely to launch in early April.”

Source: James Seyffart

Fellow Bloomberg ETF analyst Eric Balchunas said the low fee means that none of Morgan Stanley’s roughly 16,000 financial advisors — which manage $6.2 trillion in client assets — would feel conflicted in recommending the product to its clients.

Given that spot Bitcoin ETFs track the price movements of Bitcoin (BTC), Morgan Stanley’s ultra-low fee could spark a fresh fee war in the $83 billion market, putting immediate pressure on rivals to cut costs or risk losing assets.

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Regulatory approval would make Morgan Stanley the first bank to issue a spot Bitcoin ETF, expanding access to Bitcoin exposure for millions of its high-net-worth clients.

“They are the ultimate gatekeepers of rich boomer money,” Balchunas added.

Morgan Stanley previously selected Coinbase and Bank of New York Mellon as the proposed custodians for its Bitcoin ETF.

Morgan Stanley seeking suite of crypto ETFs, banking charter

Morgan Stanley, previously one of the more crypto-hesitant Wall Street firms, filed for the spot Bitcoin ETF in the first week of January, along with a Solana (SOL) ETF.

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Related: Bitcoin traders see 53% odds of sub-$66K BTC by April 24 

It then filed papers for a staked Ether (ETH) ETF later that week, and by the end of the month, the bank appointed one of Morgan Stanley’s longest-standing executives, Amy Oldenburg, to lead its digital asset team.

Source: James Seyffart

Morgan Stanley also applied for a national trust banking charter on Feb. 18, seeking to custody certain digital assets and execute purchases, sales and swaps for clients in addition to staking services.

In October, before the investment bank adopted its institutional crypto strategy, it recommended a 2% to 4% allocation to crypto portfolios for investors. It also allowed its financial advisors to recommend crypto funds to clients with individual retirement accounts (IRAs) and 401(k)s.

Magazine: Bitcoin may face hard fork over any attempt to freeze Satoshi’s coins

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