ChainCatcher news, OKX CEO Star delivered a speech via video, sharing his views on the development of the crypto industry, platform strategy, and Bitcoin investment.Star stated that the inflow of funds into Bitcoin ETFs has surpassed that of gold ETFs, while the current market value of Bitcoin is only one-tenth that of gold, indicating that the industry may have a hundredfold growth potential in the future.He emphasized that holding Bitcoin within an acceptable range is a basic threshold for industry practitioners, and said: "If you don't have 10 Bitcoins, don't call yourself a KOL. If this is set as the standard for industry practitioners, I believe the industry will not disappoint us."

ChainCatcher news, OKX CEO Star published an end-of-year letter titled "To another year of building," stating that 2024 welcomes millions of new users and the launch of approximately 200 new features, along with over 800 upgrades for centralized exchanges, wallets, and decentralized services.OKX app downloads increased by 122% year-on-year, DEX daily trading volume grew 20 times, and the global OKX wallet grew by 991% (as of December 5). Seven onshore operations were launched in Brazil, Singapore, the UAE, Turkey, the Netherlands, Belgium, and Australia, adding over 300 compliance team members.

ChainCatcher message, OKX Star posted on platform X, stating, "16 years ago, Bitcoin began to lead a financial revolution through decentralization, trustless transactions, and digital scarcity. With more institutional adoption and improvements in infrastructure, Bitcoin will become more efficient and have greater utility.OKX will be a key contributor to the Bitcoin ecosystem, just as OKX Wallet supports inscriptions and runes. We are excited about the next phase of Bitcoin and will continue to build towards the future vision."

ChainCatcher news, OKX CEO Star posted on the X platform that RWA is just the beginning. In the future, all tradfi such as banks and insurance companies will move their services to dapps and blockchains, providing customers with a faster, more transparent, and easier experience. Cryptocurrency will consume the world.

ChainCatcher news, OKX SG has received a major payment institution license issued by the Monetary Authority of Singapore. OKX Star stated on social media, "We will continue to invest in, build, and support the local fintech community and blockchain ecosystem in Singapore. We are committed to fulfilling our obligations to global regulators and continue to build OKX as a highly compliant cryptocurrency company. Over 10% of our employees are professional lawyers and compliance managers. At the same time, we also focus on innovation and will continue to launch excellent products to serve 50 million customers worldwide."

ChainCatcher message, OKX Star posted on platform X stating that over 10% of OKX employees are professional lawyers and compliance managers. OKX will seriously fulfill its commitments to global regulators while also focusing on innovation and will continue to launch products to serve 50 million customers worldwide.

ChainCatcher news, OKX CEO Star responded to questions about the OKX lending mechanism on the X platform.He stated:OKX's spot collateral borrowing is a C2C market between users, where OKX only provides a platform to help users with borrowing and earning needs to match.A 100% reserve is a fundamental responsibility of OKX. When the borrowing amount exceeds the deposit amount, the requirement for a 100% reserve will trigger the platform's automatic currency exchange mechanism.OKX has imposed a limit on the maximum borrowing amount, which cannot exceed 100%.Due to market activities of the Floki token, there was a large number of redemptions by depositors at that time, resulting in the borrowing amount exceeding 100%, which in turn triggered the automatic currency exchange.The OKX team will review the underlying design mechanism of the collateral borrowing platform to see if there are optimization solutions, and everyone is welcome to provide feedback.

ChainCatcher news, OKX CEO Star posted on the X platform that over 10% of the OKX team are legal and compliance professionals, which demonstrates OKX's strong commitment to global regulations.

ChainCatcher news, regarding "OKX's zero tolerance for Tornado Cash related addresses," OKX CEO Star responded on the X platform, stating: "This is not a new policy; it has been in place for a long time."Previous news, OKX Star stated that any OKX user with direct financial interactions with Tornado Cash will face account liquidation.

ChainCatcher news, OKX CEO Star responded on social media regarding whether poisoned addresses would be cleared, stating that for each case, compliance officers will conduct in-depth investigations, and if it is indeed a case of passive poisoning, it will not affect the user's account usage.Previous news, Star stated today that OKX accounts that have interacted with Tornado Cash will be cleared.

ChainCatcher news, OKX Star posted on platform X stating that individuals under sanctions cannot successfully open an account on OKX. Furthermore, users who already have accounts will trigger compliance risk control if they deposit from sanctioned entities (such as Garantex and Tornado Cash) to OKX, or withdraw from OKX to these sanctioned entities, resulting in account termination.He emphasized that anyone who has financial interactions with Tornado Cash will face account termination, without exception.

ChainCatcher news, OKX CEO Star retweeted @xiaomucrypto's tweet "the aevo project team has harvested" on X, stating: "What is the original intention of cryptocurrency exchanges to list tokens? Some token project teams, after being listed on exchanges, only do one thing: release, reduce holdings, and harvest users. Exchanges should not become accomplices of such project teams, and OKX has not done well in terms of listings. With no current regulations on listings and reductions, how can we protect this market? This is something worth reflecting on for the entire industry."

ChainCatcher message, the Web3 social platform and infrastructure UXLINK will launch on 8 trading platforms including OKX, Bybit, Gate, BitGet, KuCoin, HTX, HashKey Global, and BFX at 4 PM today.UXLINK currently has over 15 million registered users, covering 110,000 Telegram groups. The project is already profitable and continues to reinvest profits into the community and ecosystem.The UXLINK community leader stated that $UXLINK is the governance token of the UXLINK platform and ecosystem, with significant utility functions. Developers use $UXLINK to achieve social growth, while users use $UXLINK to pay transaction fees. $UXLINK can be used to access the value of the entire UXLINK ecosystem.

ChainCatcher news, OKX CEO Star posted on social media that self-custody wallets, stablecoins, and RWA are the three tiers of crypto finance. Over the past few years, wallet experiences have significantly improved, stablecoins have become increasingly popular, and now an exciting change is happening. OKX will attempt to add compliance modules within self-custody wallets, believing that custodian accounts will fade into history.

ChainCatcher news, OKX CEO Star stated on social media: "It is a common compliance control practice for OKX to inquire about the source of funds for deposits or withdrawals that trigger suspicious transaction monitoring, which is an obligation that financial institutions must fulfill under anti-money laundering laws and regulations in countries around the world."