OKX Suspends DEX Aggregator, Brazil Mulls Bitcoin Salaries, and Crypto Market Trends

March 17, 2025 – The cryptocurrency market continues to be a dynamic arena, with regulatory scrutiny and market shifts impacting major players. OKX, a prominent cryptocurrency exchange, has temporarily suspended its decentralized exchange (DEX) aggregator, reportedly due to European regulatory concerns following the $100M Bybit hack and allegations of money laundering involving a North Korean hacking group. The exchange stated its decision is part of a broader effort to enhance security and prevent misuse of its platform.

Bybit Hack and Money Laundering Concerns

The suspension of OKX’s DEX aggregator underscores the growing implications of the recent Bybit hack. European authorities are investigating alleged connections between the hack and money laundering operations. This development highlights the increasing pressure on cryptocurrency exchanges to implement robust security measures to combat illicit activity and maintain regulatory compliance.

Brazil Considers Bitcoin Salary Legislation

Meanwhile, in a potentially revolutionary development, Brazilian lawmakers are considering a bill that would permit employers to pay salaries partially in Bitcoin. Federal deputy Luiz Philippe de Orleans e Bragança’s proposed legislation, PL 957/2025, suggests a cautious approach, stipulating that no more than 50% of a salary can be paid in cryptocurrencies, and requiring a portion to be paid in Brazilian Real. The move represents a significant step toward acknowledging cryptocurrencies in a national regulatory framework, though the full implications remain to be seen.

Pump.fun Revenue Plummets

Further market insights reveal challenges for some platforms. Pump.fun’s revenue has dropped to a 4-month low, potentially due to a decline in its token graduation rate. This data suggests a need for innovative strategies for platforms hoping to remain competitive.

Kevin O’Leary’s Crypto Commentary

In a separate development, Shark Tank star Kevin O’Leary predicted crypto’s growing mainstream adoption, characterizing it as having progressed beyond its early stages and poised for wider sector integration. This highlights the evolving perception of cryptocurrencies within financial circles.

Further Investigation

The situation is rapidly evolving. We will continue to follow the developments surrounding these issues and provide updates as they emerge.