This ad is misleading; it mixes tokenization with how it is done and where those tokens trade. None of those concerns apply to proper tokenization done in the US under SEC regulations and traded on regulated venues. This is the damage that offshore synthetics are doing to the industry and the backlash they are creating. I see this as a tailwind for companies like ours doing it the right way, which was never easy, but it's a durable long-term business model.

OKX is expanding euro-native trading with EURC. Through @okx’s unified EUR orderbook, users can convert EUR to EURC 1:1, access EURC trading pairs, and manage activity in euro terms. Another step toward making EURC more useful across Europe’s crypto ecosystem.

After almost seven years at @OKX, I am stepping back from my role to take a meaningful break, focus on my family and personal priorities, and make space for what comes next. It has been an incredible privilege to help build the @OKX brand and see its growth. I am deeply grateful to Star Xu @star_okx for his trust, partnership, and the opportunities he created for all of us. And thank you to every OKX employee I have had the privilege to work alongside. I am proud of what we built together and excited to see the company continue to grow. This is not goodbye. It is simply the next chapter.

We put Solana on the big screen because that’s the big heart Solana has for the Chinese community, and that’s the warm welcome we are so thankful to feel from the Chinese community. Due to the publicity, event registrations quadrupled overnight, far exceeding the event cap we had registered with local authorities, and we had no way to prevent people from overwhelming the venue. So, in order to comply with local requirements, we are going to postpone this event for when we can better accommodate the breadth and scale of our community. Apologies to everyone who came from near and far to come be part of Solana in Shanghai. See you soon!

. @cz_binance says Binance paid users $800 million it didn't owe them "Binance took out about $800 million compensating users who had suffered losses on its platform where it didn't have to" "There's no obligation for Binance to do that" "Everyone wants to focus on the negative" "During all of those times where people were talking badly about Binance, there was net inflows to Binance" "You can look at the community narrative, which can be bought, which can be influenced. But you look at the money"

No complexity. No accident. 10/10 was caused by irresponsible marketing campaigns by certain companies. On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day. Many industry participants believe the damage was more severe than the FTX collapse. Since then, there has been extensive discussion about why it happened and how to prevent a recurrence. The root causes are not difficult to identify. ⸻ What actually happened 1.Binance launched a temporary user-acquisition campaign offering 12% APY on USDe, while allowing USDe to be used as collateral with the same treatment as USDT and USDC, and without effective limits. 2.USDe is a tokenized hedge fund product. Ethena raises capital via a so-called “stablecoin,” deploys it into index arbitrage and algorithmic trading strategies, and tokenizes the resulting fund. The token can then be deposited on exchanges to earn yield. 3.USDe is fundamentally different from products such as BlackRock BUIDL and Franklin Templeton BENJI, which are tokenized money market funds with low-risk profiles. USDe, by contrast, embeds hedge-fund-level risk. This difference is structural, not cosmetic. 4.Binance users were encouraged to convert USDT and USDC into USDe to earn attractive yields, without sufficient emphasis on the underlying risks. From a user’s perspective, trading with USDe appeared no different from trading with traditional stablecoins—while the actual risk profile was materially higher. 5.Risk escalated further as users: •converted USDT/USDC into USDe, •used USDe as collateral to borrow USDT, •converted the borrowed USDT back into USDe, •and repeated the cycle. This leverage loop produced artificial APYs of 24%, 36%, and even 70%+, widely perceived as “low risk” simply because they were offered by a major platform. Systemic risk accumulated rapidly across the global crypto market. that point, even a small market shock was sufficient to trigger a collapse. When volatility hit, USDe depegged quickly. Cascading liquidations followed, and weaknesses in risk management around assets such as WETH and BNSOL further amplified the crash. Some tokens briefly traded near zero. The damage to global users and companies—including OKX customers—was severe, and recovery will take time. ⸻ Why this matters I am discussing the root cause, not assigning blame or launching an attack on Binance. Speaking openly about systemic risks is sometimes uncomfortable, but it is necessary if the industry is to mature responsibly. I expect there may be significant misinformation and coordinated FUD directed at OKX in the near future. Even so, speaking honestly about systemic risk is the right thing to do—and we will continue to do so. As the largest global platform, Binance has outsized influence—and corresponding responsibility—as an industry leader. Long-term trust in crypto cannot be built on short-term yield games, excessive leverage, or marketing practices that obscure risk. The industry needs leaders who prioritize market stability, transparency, and responsible innovation—not a winner-take-all mentality where criticism is treated as hostility. Crypto is still early. What we choose to normalize today will determine whether this industry earns lasting trust—or repeats the same mistakes again.

I think that @star_okx is an extremely bright mind and visionary for waht he's been building over the last years. Today is 10/10. It's a year since the heaviest flash crash in #Crypto# took place. In a matter of minutes, some #Altcoins# dropped all the way towards $0. The entire industry changed that day, as we faced a one-year heavy bear market after that. What happened? There are still many questions remaining on what has actually been happening on that specific day. The clearest explanation I've heard so far comes from @star_okx. Make sure to tune in and listen to what he has been saying in our episode of @new_era_finance.

NEW: EU regulators are questioning Binance over its use of a legal exemption to continue serving customers in the bloc after failing to secure a MiCA license, according to the Financial Times. Binance said it "complies with applicable regulatory requirements in the jurisdictions in which it operates" and that it is working toward becoming MiCA-authorized.

NEW: Crypto exchange OKX has raised new funding at a $25 billion valuation from Qube Research & Technologies, Circle, Ripple, and Standard Chartered's SC Ventures, Bloomberg reported. OKX did not disclose the amount raised, which extends an approximate $200 million March funding round at the same valuation.

13 years ago, OKX began as a crypto exchange. Today, we're building finance for the next generation with the internet, AI and crypto. Our Founder & CEO @star_okx opens OKX Now: a day of demos and conversations with industry builders and leaders.

OKX filed with the SEC on Sunday to launch a tokenized-stock trading platform, making it one of the first major crypto exchanges to take advantage of new US rules allowing digital versions of public-company shares to trade on crypto venues