welcome
CoinGape

CoinGape

Business

Business & Economics

OKX Launches xBTC on Solana, Sui & Aptos as Bitcoin Price Hits $111K

CoinGape
Summary
Nutrition label

62% Informative

OKX launches xBTC on Solana , Aptos , and Sui networks as Bitcoin price reaches new all-time high of $ 111k .

xBTC is a 1:1 Bitcoin -backed wrapped asset, available from May 22 , 3:00 am UTC .

OKX aims to enable clients to utilize their BTC in fast and low-cost DeFi applications.

This development comes following OKX ’s decision to re-enter the US crypto market.

Price Analysis: Bear Traders Deploy $ 320M Leverage as XRP / BTC Pair Flashes Risk Signal - Bitcoin price to $ 150 K: Golden Cross Confirmed as Hedge fund traders dump US stocks for BTC - Cardano Price Set for 77.68% Breakout As Bitcoin Nears ATH - How High Will Dogecoin Stock Price Surge If It Covered the US Debt?.

VR Score

38

Informative language

23

Neutral language

26

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links