OKX Orbit

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The U.S. April CPI drops today at 8:30 AM ET, and this one carries more weight than usual. Wall Street expects headline CPI at +0.6% MoM and 3.7% YoY, up from March's 3.3%. Core CPI is forecast at 2.7% YoY. The main culprits: surging oil prices from the Middle East conflict and lingering tariff pass-through hitting consumer prices. The timing makes this print especially loaded. Kevin Warsh is expected to take over as Fed Chair when Powell's term expires on May 15. Markets already read his style as more explicitly hawkish. Bank of America has pushed its rate cut forecast all the way to the second half of 2027, scrapping any hopes of easing this year. BTC is sitting just below the $82K-$84K resistance zone it failed to crack last week. Crypto derivatives open interest surged 22% this past week, with heavy positioning on both sides. Polymarket traders are pricing a 100% chance inflation stays above 3% in 2026, with 52% odds it tops 4%. A hot number slams the door on rate cuts and pressures risk assets. A cool print could give bulls the fuel they've been waiting for. Are you trading through today's CPI or sitting this one out? #USAprilCPITonight

Win from a 1M OPG prize pool when you trade $OPG on our DEX from now till May 18, 10 AM UTC. More details: https://web3.okx.com/ul/WoW0mo

Morgan Stanley's Bitcoin ETF just finished its first month without a single day of net outflows. In a market where hundreds of millions can bleed out in a single session, that's a statement. MSBT launched on April 8 and pulled in $100M in its first week alone. By day 30: $193.6M in cumulative net inflows, over $230M in AUM, and 17 days of positive flows with five flat days. Zero red days. Bloomberg's Eric Balchunas ranked it a top 1% ETF launch. The broader picture is just as telling. U.S. spot Bitcoin ETFs have now posted six straight weeks of net inflows totaling $3.4B, the longest positive streak since last summer. BlackRock's IBIT and Fidelity's FBTC still lead the pack, but MSBT held its zero-outflow record even on days when the rest of the market saw hundreds of millions in back-to-back redemptions. A few details worth noting: · MSBT charges 0.14%, undercutting every spot BTC ETF on the market, including IBIT at 0.25% · Early inflows came entirely from self-directed clients, not advisors · MS digital assets head Amy Oldenburg says the advisory channel hasn't fully opened yet That last point matters. If this is what client-driven demand looks like before Morgan Stanley's thousands of financial advisors start recommending it, the next leg of inflows could be significantly larger. Are you watching ETF flows before making your trades, or do you rely more on on-chain data? #BitcoinETFMSBTStreak

Tether just burned 2 billion USDT on Ethereum in a single transaction. That's one of the largest burns tracked in recent weeks. So what does a "burn" actually mean? When large institutional clients redeem USDT for fiat through Tether, the redeemed tokens are permanently removed from circulation. It's how Tether keeps supply aligned with reserves and maintains the 1:1 peg. This is the system working exactly as designed. Over the past two weeks, Tether minted roughly 5 billion USDT across Ethereum and Tron. This 2 billion burn on Ethereum alone offsets a significant chunk of that new issuance, showing that capital is flowing both ways at scale. A few things worth noting: · The burn's timing overlaps with a period of heavy institutional activity across the market · Tether CEO Paolo Ardoino has described moves like this as part of routine treasury operations · The identity behind the redemption hasn't been disclosed, but the $100K minimum redemption threshold confirms this is institutional-grade flow Whether it's a fund rotating into other assets or a treasury rebalancing, big stablecoin movements like this often signal what's happening beneath the surface before price action catches up. Do you track stablecoin mints and burns as part of your trading strategy, or is it something you've been sleeping on? #TetherBurns2BUSDT

The first real stablecoin law in the US could be just days away from its biggest milestone yet. The CLARITY Act is heading into Senate Banking Committee markup as early as next week. This is the procedural step where the bill gets debated, amended, and voted on before hitting the full Senate floor. The White House wants it through the House by July 4. What broke the months-long deadlock? A compromise on yield. The earlier GENIUS Act banned issuer-paid yield but left gaps around intermediaries. CLARITY closes the loop: · Passive yield on stablecoin deposits (the kind that looks like bank interest) is banned, including when distributed by exchanges · Activity-based rewards like transaction incentives, liquidity provision, and loyalty programs are preserved · SEC, CFTC, and Treasury get one year to define the boundaries The market noticed. Polymarket odds for passage jumped from 46% to 64%. Circle stock surged 20%. Bitcoin briefly touched $80K. Meanwhile, the rest of the world isn't waiting. The EU's MiCA framework hits full enforcement on July 1 with 40+ licensed crypto service providers already live. Japan's top banks are issuing regulated stablecoins. And Brazil just went the opposite direction, banning stablecoins from cross-border settlement starting October 1. The stablecoin market now sits at $320B. Regulation isn't a question of "if" anymore. It's a question of which framework wins. For crypto users, the trade-off is straightforward: you lose passive yield wars, but you gain legal clarity and institutional confidence. That's the bet CLARITY is making. Would you hold more in stablecoins if you knew they were backed by a real legal framework, or does regulation not change anything for you? #CLARITYActMarkup

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The New Money App now rewards deposits in Europe. Open a derivatives account, opt in, deposit as little as $10, and earn up to 5% back on net new deposits. Put your crypto to work Get started: https://my.okx.com/ul/IWl08u

SpaceX, OpenAI, and Anthropic — three of the fastest-growing private companies in Space, AI, and Infra — still aren’t publicly listed. Today, we’ll be the only major exchange offering Pre-IPO Stock Perpetuals to trade price action across all three. Go long or short. Get 24/7 exposure. Use up to 5X leverage. Once live, they'll appear under Futures > Tradfi. Learn More: https://www.okx.com/help/okx-to-list-pre-ipo-pre-market-perpetual-futures-for-spacex-usdt-openai-usdt-and-anthropic-usdt *Cash-settled in USDT only; no equity or shares conveyed at any time. Not all services and products offered in all regions. Naming the contract after a company does not imply affiliation, endorsement, or any economic link.