Transaction Breakdown: 5,284 ETH Redeemed, 4,364 ETH Deposited to OKX

Blockchain data reveals that SharpLink’s wallet performed two large “RedeemManagerV1 (Proxy)” transactions about eight hours ago.
These redemptions totaled 563.201 ETH ($1.88M) and 4.721K ETH ($15.75M) — releasing 5,284 ETH in total liquidity.

Shortly after, the wallet deposited most of this amount to OKX:

• 5h ago – 0.01 ETH ($33.25)
• 4h ago – 2,000 ETH ($6.64M)
• 1h ago – 2,364 ETH ($7.83M)

In total, 4,364 ETH worth roughly $14.47 million was sent to OKX.

Why Did SharpLink Transfer to OKX?

SharpLink likely moved its ETH to OKX for liquidity management and strategic repositioning. The company may plan to convert part of its holdings to cash, leverage exchange-based trading and staking options, or rebalance its corporate treasury. Such large movements often attract attention, as they can influence market liquidity and short-term investor sentiment.

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What Is Giggle Fund (GIGGLE)?

Giggle Fund (GIGGLE) is a charity-driven memecoin built on the BNB Smart Chain, designed to merge blockchain innovation with social impact. The project was launched to support Giggle Academy, an educational initiative founded by Changpeng Zhao (CZ), the well-known founder of Binance.

The core idea behind Giggle Fund is to allow users to automatically contribute to Giggle Academy’s educational programs through transaction fees. By doing so, the token introduces a decentralized funding model for global education initiatives, aligning community engagement with charitable giving.

Purpose and Mission

Giggle Academy aims to make basic education accessible, interactive, and adaptable to students’ needs. Rather than replacing existing education systems, the project focuses on reaching underprivileged children in developing regions who have limited or no access to formal schooling.

According to global literacy data, around 781 million adults remain illiterate, with more than 75% living in South Asia, West Asia, and Sub-Saharan Africa. Women account for nearly two-thirds of this group. Giggle Fund seeks to address this challenge by providing new pathways to learning, leveraging blockchain transparency and community support to promote equal access to education.

GIGGLE Price Outlook

The price of Giggle Fund (GIGGLE) has surged by over 150% in the last 24 hours, driven by today’s high-profile exchange developments.

The recent Binance listing and OKX futures launch have dramatically boosted market activity, sending both trading volume and investor interest to new highs. Analysts note that this momentum is not solely based on speculation — the project’s strong social vision and direct link to CZ’s educational initiative have added an extra layer of credibility and long-term potential.

With its blend of memecoin culture and philanthropic purpose, Giggle Fund stands out as one of the most distinctive and socially conscious projects in today’s crypto market.

This article does not constitute financial advice.

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A Strong Move by OKX in the Derivatives Market

In recent months, OKX has rapidly expanded its derivatives offerings, becoming one of the most popular platforms among crypto investors. The newly introduced GIGGLE perpetual contract enables users to trade without any expiry date, offering flexibility and continuous exposure to market movements.

Such contracts present valuable opportunities for both short-term traders seeking to capitalize on volatility and professional investors building long-term position strategies. With the addition of GIGGLE perpetuals, OKX aims to provide greater strategic flexibility and liquidity to its users.

What Is Giggle Fund (GIGGLE)?

Giggle Fund (GIGGLE) is a memecoin created to support Giggle Academy’s educational initiatives, a project founded under the leadership of Binance founder Changpeng Zhao (CZ). The token operates primarily on the BNB Smart Chain and allows users to donate transaction fees directly to Giggle Academy — combining community engagement with a social impact mission.

OKX’s Strategic Expansion Plan

Throughout 2025, OKX aims to expand its perpetual contract portfolio to strengthen its competitive edge in the global crypto derivatives market. By offering leveraged trading options across a variety of tokens, the exchange seeks to create a more inclusive and dynamic trading experience for both professional and retail investors.

The inclusion of GIGGLE perpetual contracts reflects OKX’s commitment to not only listing popular projects but also emerging ecosystem tokens, enhancing both market liquidity and global user engagement.

Market Outlook

The launch of GIGGLE perpetual futures marks another step in OKX’s innovative approach to derivatives trading. This move could add new momentum to the GIGGLE ecosystem while providing traders with broader opportunities for strategy and profit.

As the crypto derivatives sector continues to grow, tokens like GIGGLE are driving a more diverse, competitive, and strategic market environment. OKX’s latest expansion is being viewed as one of 2025’s most noteworthy futures launches, reinforcing its role as a leader in global crypto trading innovation.

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Transition from Pre-Market to Spot Market

According to OKX’s announcement, pre-market perpetual contracts previously opened for WLFI will be converted into standard perpetual contracts once spot listing begins. In this way, investors’ existing positions will be preserved, and the transition to spot trading will be completed smoothly.

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The exchange emphasizes that users will not need to take any additional action, as their existing positions will be automatically transferred. In this way, investors will gain advantages in terms of both time and transaction costs.

What Does WLFI Spot Listing Mean?

The launch of WLFI on the spot market will increase the token’s liquidity and help it reach a broader investor base. It is also considered a critical step for price discovery and market integrity.

In addition to spot trading, OKX announced that investors will be able to take advantage of advanced tools. Solutions such as Bots, Nitro Spreads, and RFQ will make WLFI trading more professional. Recently, WLFI has attracted significant attention and quickly became a hot topic in the market. OKX’s spot listing move stands out as a critical development, making the token more accessible for both institutional investors and individual users.

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What Is XPIN Network (XPIN)?

XPIN Network aims to provide a decentralized telecommunications service, fostering a user-centric, secure, and transparent ecosystem. Built on a blockchain-supported infrastructure, the platform allows users to contribute devices and resources to the network. XPIN offers high-speed wireless connectivity in over 200 countries, automatic network switching, and an economic model where users earn rewards by participating in network growth.

Core Features of XPIN Network

• Global Connectivity: Provides high-speed wireless access in over 200 countries and regions, with automatic network switching for reliable connections.

• Decentralized Infrastructure: Unlike centralized telecom systems, it relies on user-contributed devices and resources to create a resilient network.

• Blockchain-Powered Ecosystem: Every transaction, from network coverage validation to asset management, is transparent and verifiable on the blockchain.

• User-Centric Economy: Users earn rewards through staking, mining, and contributing to network expansion.

Advantages of XPIN Network

XPIN Network is more than a connectivity solution—it’s a movement toward a freer, more connected world. By decentralizing wireless infrastructure and offering tokenized incentives, it disrupts traditional models, providing a fairer, more private, and financially rewarding alternative. Key innovations include:

• Seamless Global Connectivity: Flexible data plans (Permanent GB, Daily Unlimited, Monthly Unlimited) ensure users pay only for what they need.

• XTELLA.AI and Yield-Bearing AI Agent: The world’s first yield-bearing AI agent, powered by dynamic NFT ownership, mining rewards, and a modular knowledge base.

• Universal Dynamic Billing: Payments are converted into points consumed at varying rates based on location, ensuring transparent and flexible global data usage.

• DePIN + PayFi: Combines Decentralized Physical Infrastructure (DePIN) with Decentralized Payment Finance (PayFi), enabling token-based payments and cross-border transactions.

• Comprehensive Product Suite: Includes Global eSIM, PowerLink, NanoLink, XPIN BOX, and XPIN BaseStation, delivering seamless connectivity across diverse scenarios.

• Diverse Revenue Streams: Generates income through eSIM sales, flexible data plans, in-game items, co-branded promotions, and hardware devices.

Problems Addressed

XPIN Network tackles key challenges faced by traditional network users and IoT device operators:

• High Roaming Fees: Eliminates costly international roaming charges.

• Data Service Limitations: Replaces single-operator restrictions and rigid prepaid plans with flexible alternatives.

• Network Security and Privacy: Mitigates public Wi-Fi vulnerabilities with end-to-end encryption.

• IoT Device Connectivity Costs: Provides automatic network switching and cost-effective solutions for IoT devices.

• Network Deployment Costs: Reduces high infrastructure costs through decentralized systems.

• Non-Democratized Services: Empowers users to influence service decisions for a transparent experience.

Target Audience

XPIN Network serves a diverse range of users:

• Global Travelers and Digital Nomads: Seeking cost-effective, flexible connectivity without roaming fees.

• Web3 and DePIN Projects: Requiring decentralized communication infrastructure.

• Gamers and Miners: Combining entertainment with economic rewards.

• Network Partners: Offering new revenue opportunities for AI, DeFi, crypto, and data-driven applications.

What is the Xtella Game?

Xtella is a Mini App game launched by XPIN Network on Telegram, offering barrier-free participation for global players. Players increase their power by completing tasks, leveling up, and purchasing items, earning $XP points or tokens. Xtella provides an 8% XPIN token airdrop, with greater participation yielding larger rewards. Join the game at: Xtella Game.

Basic Settings

• Satellite Definition: Each player starts with one satellite, with power increasing through levels and items. The first two invited players become “Anchor Satellites,” forming a hierarchical satellite network.

• Power Definition: Total Power = (Base Power + Wing Power + Signal Power + Boost Power) × Signal Multiplier.

• Mining Model: A total supply of 100 billion $XP is distributed daily over 180 days, with players earning based on their share of network power.

• Earnings Grab: Players can grab 10% of unclaimed earnings from other satellites (5% for inactive ones), with a 1-hour protection period post-grab.

• Communication Core (CommCore): Mining activation items, valid for 30 days, offering multipliers (Basic: 100%, Intermediate: 200%, Advanced: 400%).

What is Xtella.AI?

Xtella.AI is XPIN Network’s pioneering yield-bearing AI agent, existing as an NFT on the blockchain, generating passive income and evolving over time. Set to launch on the BNB Smart Chain in January 2025, with resources and logs stored on BNB Greenfield, users can acquire it through the Xtella.AI All Win Auction.

Features of Xtella.AI

• Dynamic Updates: Learns and evolves transparently on the blockchain based on owner instructions.

• Uniqueness: Each Xtella.AI is a distinct digital identity recorded as an NFT.

• Yield-Bearing: Generates income through trading, staking, and mining.

• Applications: Supports global connectivity, smart hub management, and collective intelligence.

What is Xtella.AI dNFT?

Xtella.AI dNFT is a dynamic NFT from XPIN Network, generating passive income via staking, airdrops, and $XPIN mining. Supported by an AI agent, its value grows with task completion. The Airdrop Hunter Premint model allows early participants to earn rewards by boosting the dNFT’s weight.

Product Planning

Phase One

• Global Network Access: Offers eSIM plans for over 200 countries via the Telegram Mini App.

• Gamified Incentives: Boosts engagement through tasks and a level-based system.

• Co-Branded eSIMs: Expands market reach through partnerships with crypto wallets and exchanges.

Phase Two

• Web3 Integration: Automates transactions with decentralized identity (DID) and smart contracts.

• XPIN PowerLink: A mining-enabled power bank offering charging and internet connectivity.

• XPIN BOX: A smart vSIM router supporting up to 128 devices.

• XPIN Base Station: Combines cellular and satellite networks with a cloud interface.

• PayFi Integration: Enables fast, secure token-based payments.

Security, Privacy, and Encryption

• End-to-End Encryption: Protects data with secure tunnels.

• Multi-Operator Access: Enhances reliability through automatic network switching.

• Intrusion Detection and Firewall: Provides real-time protection against cyber threats.

Technology Architecture

• Decentralized Infrastructure (DePIN): Distributed nodes ensure high availability and fault tolerance.

• Multi-Operator Access: Connects to over 200 operators for optimal network selection.

• Blockchain Integration: Uses smart contracts for asset management and payments.

• Decentralized Identity (DID): Assigns secure, personalized identities to devices.

Roadmap

• Q3 2024: Project launch, eSIM service, and Telegram Mini App.

• Q4 2024: Gamification, airdrop campaign, and co-branded eSIMs.

• Q1 2025: Xtella.AI launch and All Win Auction.

• Q2 2025: dNFT premint and XPIN PowerLink launch.

• Q3 2025: dNFT mint, staking mechanism, and up to 6x mining rewards.

• Q4 2025: XPIN PowerLink subscription platform, VIP services, and channel expansion.

• Q1 2026: XPIN BOX presale and B2B integrations.

• Q2 2026: XPIN Mini Base Station launch and community governance.

XPIN Network Tokenomics

The $XPIN token underpins the platform, with a total supply of 100 billion produced over 10 years, halving annually.

• Distribution: Marketing and Airdrop (12%), Public Sale (2%), Ecosystem Incentives (40%), Strategic Partners and Backers (16%), Team and Advisors (20%), Foundation (8%), Liquidity (2%).

• Use Cases: Mining rewards, AI agent interactions, node staking, product discounts, PayFi payments, and community governance.

XPIN Network Partners

XPIN Network collaborates with leading platforms like BNB Chain, OKX, Bitget, Bybit, Gate, IoTeX, CoinMarketCap, UXLink, and Trust Wallet to strengthen its ecosystem and expand global reach.

XPIN Network Team

Founded in 2024 in Singapore, XPIN Network is led by Founder and CEO Riva and Co-Founder and COO Roger Li, driving an innovative vision for decentralized communication.

Official Links

• Website
• X (Twitter)
• Whitepaper

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A Unified License for 27 Countries

Headquartered in Saint Helier, Jersey, CoinShares received its MiCA license through France’s financial authority, the Autorité des Marchés Financiers (AMF). This regulatory green light enables the firm to expand its crypto investment services into new European territories, building upon its existing operations in countries like Germany, the Netherlands, and Luxembourg.

With MiCA now added to its regulatory stack, alongside existing MiFID and AIFM licenses, CoinShares becomes the only major European digital asset manager to hold all three key financial permissions—setting it apart in the rapidly evolving crypto space.

Opening the Doors to a $38.7 Trillion Market

CoinShares CEO Jean-Marie Mognetti described the MiCA approval as a transformative step for both the company and the broader European digital asset ecosystem. “We now have a clear and harmonized regulatory framework across the EU. Being the first fully licensed digital asset manager based in continental Europe to meet these standards is a point of pride,” Mognetti stated.

The license could significantly enhance access to the $38.7 trillion European asset management market, facilitating broader exposure to regulated crypto investment products. This is particularly promising for institutional investors seeking compliant access to bitcoin, ethereum, and other altcoin holdings.

Leading Among Peers

While major global crypto exchanges like Coinbase, Bybit, OKX, and Crypto.com have also secured MiCA licenses, CoinShares stands out as the first digital asset management firm to obtain this approval. Its institutional focus positions the company as a pioneer in delivering compliant and secure crypto exposure across Europe.

Founded in 2013, CoinShares is publicly traded on the Nasdaq Stockholm exchange and currently manages more than $9 billion in digital assets. Following the MiCA announcement, the company’s stock rose 1.7%, reaching $12.66. Year-to-date, shares have surged over 46%, underscoring growing investor confidence in its long-term vision.

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Improved Liquidity and Speed with OKX’s DEX API

The new feature links OKX’s DEX API to MetaMask, offering lightning-fast trades with execution times under 100 milliseconds and lower slippage. According to Jeff Ren, founder of OKX Ventures, “MetaMask’s goal of becoming a universal Web3 wallet fits perfectly with the connected blockchain ecosystem we are building.”

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First-Ever External Integration of SERVO for MEV Protection

As part of the partnership, OKX Wallet has also adopted SERVO, an MEV protection solution developed by Consensys. This marks the first time SERVO has been integrated into a third-party wallet, signaling a strong step forward for onchain trading safety.

The partnership comes amid growing DEX volumes and increased focus on decentralization. OKX’s renewed focus on safety after past DEX misuse incidents—such as attempts linked to North Korea’s Lazarus Group—highlights the exchange’s commitment to protecting its users.

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According to a statement made on May 29, Bybit, 1000X, CoinEx, OKX, and XT.COM will be inaccessible nationwide as of June 28. The SEC stated that the move aims to protect investors and take action against platforms allegedly involved in money laundering and other illegal activities.

In its announcement, the SEC urged users with assets on these platforms to take necessary steps before the June 28 deadline.

New Law Grants Authority to Digital Ministry

This decision follows the Royal Decree on the Prevention and Suppression of Technology Crimes, which came into effect on April 13 in Thailand. Under the updated framework, the Ministry of Digital Economy and Society (MDES) now holds the power to block unlicensed digital asset trading platforms.

Earlier in April, Thailand’s Cabinet approved amendments to emergency laws related to digital asset businesses and cybercrime. These changes aim to prevent foreign-based P2P crypto service providers from operating illegally within the country.

Complaint Filed Over Unlicensed Operations

Following its investigation, the Thai SEC concluded that the five platforms in question were operating without valid local licenses. This violates the Royal Decree on Digital Asset Businesses, prompting the SEC to file an official complaint with the MDES. The complaint is expected to result in these services being blocked throughout the country.

The regulator also issued a public warning about the risks of using unlicensed crypto services, emphasizing that such users are not protected under Thai law and may be exposed to scams and fraud-related risks.

Balanced Regulatory Stance on Crypto Continues

Thailand continues to take a measured approach to crypto regulation. In May, it was reported that the government is working on a solution allowing tourists to make crypto payments through credit card-linked systems.

Additionally, the Ministry of Finance plans to issue $150 million worth of digital investment tokens, enabling retail investors to purchase government bonds. In March, regulators approved the use of stablecoins like USDt from Tether and USDC from Circle on licensed crypto exchanges nationwide.

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“OKX cannot freeze a customer’s funds based on a personal X post or verbal communication. We follow legal consumer protection policies. As a CEO yourself, you should understand this,” Xu said. He added that no such request had been received via official channels. “Our LE team checked all inboxes — including spam. No request related to this case was found,” Xu stated.

Tron DAO Confirms Account Breach

On May 3, Tron DAO informed its 1.7 million followers that the organization’s X account was compromised. The hacker reportedly shared a malicious smart contract address, sent suspicious DMs, and followed random accounts.

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Sun claimed, “These stolen funds are not mine. I’m acting to protect the community.” His original post, which accused OKX of negligence, was later deleted. Xu responded by asking Sun to publicly share a screenshot of the alleged law enforcement request.

Crypto Twitter Faces Wave of Hacks

The Tron incident follows a series of high-profile security breaches targeting crypto accounts on X. On March 15, Kaito AI and its founder Yu Hu were hacked; attackers shorted KAITO tokens and posted fake security alerts.

Earlier on February 26, Pump.fun’s X account was hijacked to promote a fraudulent governance token. On April 15, UK MP Lucy Powell also had her account compromised to push a scam crypto coin.

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OKX: We Checked Everywhere, Including Spam — No Request Received

CEO Star Xu said that no notice regarding the issue was received through OKX’s official communication channels. In a now-deleted X post, Sun claimed that a “freeze notice” was sent by a relevant law enforcement agency to OKX’s official email address. Sun also said that he had no other means of reaching OKX’s compliance department.

In response, OKX stated: “Our law enforcement cooperation team checked all emails, including the spam folder. No request related to this case has been received.”

Xu added, “OKX operates under consumer protection policies in accordance with the law. We cannot freeze a customer’s funds based on a personal X post or verbal communication. As the CEO of HTX, I believe you should understand this.”

Background

On May 3, the Tron DAO announced to its 1.7 million followers that its official X account had been hacked. During the breach, a malicious crypto token contract address was posted, direct messages were sent to users, and unknown accounts were followed.

Following this, Justin Sun posted a now-deleted statement on X, urging OKX to respond:

“(…) The relevant law enforcement agency already sent a freeze notice to the official OKX email address, but police have not received a response. We have no other way of contacting OKX’s compliance team. This is a recently exposed public case, and related evidence is widely available online. Our shared goal is to fight fraudulent activity and protect the community. (…)”

OKX CEO Xu, after Sun’s public accusations, urged him to share a screenshot showing when and where the alleged law enforcement request was submitted.

Similar X Hack Cases in 2025

On March 15, Kaito AI and its founder Yu Hu were hacked via their X accounts. Hackers took a short position on KAITO tokens and then posted false warnings that users’ wallets were compromised.

Just weeks earlier, on February 26, the Pump.fun X account was hijacked to promote a fake governance token called “PUMP” and other scam coins. Additionally, on April 15, the X account of UK Member of Parliament Lucy Powell was hacked and used to promote fraudulent crypto tokens.

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