GeckoPulse: Livestreaming on OKX?

This GeckoPulse episode covers March 6's top crypto news. Subscribe to our free daily newsletter to be the first to receive breaking updates!

OKX Goes into Orbit

Crypto exchange OKX has introduced "Orbit," a social layer integrated directly into its app that allows users to share trade ideas, host livestreams, and join discussion groups for specific crypto assets.

The platform features a "performance" tab that displays real-time, historical data—including profit/loss, holdings, and trade history—pulled directly from the user's exchange activity.

Users can choose whether to share their data, but they cannot selectively edit or omit specific trades after they choose to display their performance, ensuring that only authentic data is shown.

Additionally, the platform includes a reward system for "creators" that is tied to community engagement, content quality, and the trading activity of their followers.

To access Orbit, users must complete the same identity verification checks and KYC procedures required to access OKX.

However, the feature will not be available to users from certain jurisdictions such as the US, Europe, and Singapore.

The exchange's OKB utility token is up slightly by 1.3% following Orbit's announcement.

Sui Joins the Stablecoin Wars

The Sui network has officially launched its native stablecoin, USDsui, designed to function as a unified digital dollar for global payments and scalable financial services.

According to a recent statement by the Sui Foundation, the stablecoin, also known as the Sui Dollar, will be available across all Sui-based wallets and DeFi protocols.

USDsui will be issued by the stablecoin platform Bridge, and will be compatible with its other deployed assets.

Notably, this Sui stablecoin is designed to be compliant with the approved US stablecoin legislation act, the GENIUS Act.

Since the announcement, the price of SUI has risen slightly by 1.5%.

In Other News

Justin Sun Pulls Funds Off Lighter. Crypto billionaire Justin Sun has reportedly withdrawn $152M worth of USDC out of Lighter’s LLP. LLP is the foundational liquidity pool of the Perp DEX Lighter similar to Hyperliquid’s HLP. Despite Sun claiming that he is still “bullish on Lighter long term”, the market reacted negatively with LIT being down 10.2%.

Solv Protocol Hacked. Solv Protocol, a Bitcoin-based DeFi platform, reported that one of its token vaults has been exploited for $2.7M worth of funds. Solv reports that it would be covering this loss that affected less than 10 users, and offered a 10% bounty for the hacker to return the funds.

Paradex’s DIME Is Live. Paradex, a privacy-focused perpetuals DEX has released their TGE plans and airdrop checker. Trading for the DIME token has commenced.