- OKX Wallet upgrades Fractal BRC-20 services, affecting Bitcoin blockchain assets.
- Upgrade impacts BRC-20 token management.
- Services anticipated to return mid-to-late June 2025.
The upgrade is vital due to its impact on asset management and trading capabilities within the Bitcoin network, affecting user access to these services temporarily.
OKX Wallet is currently updating its Fractal BRC-20 protocol services. The upgrade, targeted at enhancing service capability, has caused a temporary disruption for BRC-20 asset management and related activities on the Bitcoin blockchain.
“OKX Wallet is upgrading our services for Fractal Bitcoin BRC-20. During this period, you may experience delays in status updates relevant to Fractal Bitcoin BRC-20. Once the upgrade is complete, you can resume checking and managing your BRC-20 assets on Fractal Bitcoin with OKX Wallet.” — OKX Wallet Team, OKX Wallet
The upgrade is being conducted by the OKX Wallet team, part of the OKX ecosystem. No statements from the broader leadership, such as Star Xu, have been documented regarding this initiative. The upgrade is standard maintenance demonstrating OKX’s commitment.
BRC-20 protocol, operating on Bitcoin’s blockchain, temporarily disrupts service for users engaged with these tokens. Market participants utilizing Fractal Bitcoin notice a temporary inactivity in token management, which may affect trading capacities during this period.
The financial implications involve potential delays in BRC-20 trading activities. Users experience a temporary halt in accessing their BRC-20 assets, reflecting operational and market impacts typical of protocol upgrades.
Historical data suggests prior upgrades at OKX resolved smoothly, indicating minimal long-term market disruption. No additional funding or regulatory actions accompanying this upgrade have been reported.
Post-completion, OKX expects restored access to the Fractal BRC-20 protocol, reflecting its historical precedence of achieving stable operational environments post-update. Users anticipate renewed asset management capabilities on completion mid-to-late June.
About the author
80,000 BTC from 2011 MyBitcoin Hack Transferred, Sold
A major transfer and sale of 80,000 BTC, dormant since 2011, potentially from MyBitcoin platform, stir crypto markets.
Eric Trump Supports $8K Ethereum Forecast Amid M2 Record
Eric Trump endorses Ethereum's potential to reach $8,000 amidst global liquidity and declining Bitcoin dominance, signaling a possible altcoin market shift.
JPMorgan Halts Gemini Re-Onboarding After Bank Criticism
JPMorgan pauses Gemini's re-onboarding after criticism from co-founder Tyler Winklevoss over data fees, signaling broader fintech challenges.
Fed’s Key Decisions Awaited Amid Macro Super Week
Overview of the upcoming FOMC decision and non-farm payroll report and their anticipated impacts on financial markets, including cryptocurrencies, scheduled for July 29-30, 2025.
Joseph Chalom Joins SharpLink as Co-CEO Amid Ethereum Focus
Joseph Chalom becomes SharpLink's Co-CEO, boosting its Ethereum strategy amid gaming and finance sectors.
Bonkfun Surpasses Pumpfun in 24-Hour Trading Volume
Bonkfun records over $127.5M in trading volume, overtaking Pumpfun on Solana's launchpad scene.
Related
80,000 BTC from 2011 MyBitcoin Hack Transferred, Sold
A major transfer and sale of 80,000 BTC, dormant since 2011, potentially from MyBitcoin platform, stir crypto markets.
Eric Trump Supports $8K Ethereum Forecast Amid M2 Record
Eric Trump endorses Ethereum's potential to reach $8,000 amidst global liquidity and declining Bitcoin dominance, signaling a possible altcoin market shift.
JPMorgan Halts Gemini Re-Onboarding After Bank Criticism
JPMorgan pauses Gemini's re-onboarding after criticism from co-founder Tyler Winklevoss over data fees, signaling broader fintech challenges.
Fed’s Key Decisions Awaited Amid Macro Super Week
Overview of the upcoming FOMC decision and non-farm payroll report and their anticipated impacts on financial markets, including cryptocurrencies, scheduled for July 29-30, 2025.
Joseph Chalom Joins SharpLink as Co-CEO Amid Ethereum Focus
Joseph Chalom becomes SharpLink's Co-CEO, boosting its Ethereum strategy amid gaming and finance sectors.
Top Altcoins Gaining Momentum: BDAG, UNI, POL, and DOT
See how BDAG’s $353M presale, UNI’s price action, POL’s return, and DOT’s steady rise rank them among the top altcoins this week.
Be the first to leave a comment