Crypto Giant Founder “Star” Shu

In a recent tweet, OK Group and OKX exchange founder Mingxing Xu, also known as “Star” Xu, expressed hope that the upcoming year 2023 will be more optimistic than 2022. Did.

“I’m optimistic until 2023.”

In his tweet, “Star” Xu mentioned several significant events disrupting the space and putting selling pressure on the crypto market. Liquidity issues faced by Genesis and others.

The recent collapse of the FTX giant has pushed Bitcoin from its peak of $18,200 reached by early November to below the 2017 high of $16,573. Ethereum has fallen below his $1,200 mark and many other digital currencies have also fallen on the charts.

But “Star” Xu is optimistic about the coming year 2023. He tweeted that while 2022 has seen many blows to the crypto industry, there have also been positive developments in this technology-driven field. You mentioned implementation, DeFi, etc.

All of this has helped the cryptocurrency market grow to a trillion dollar value, he added. This is the main reason he hopes that next year will be better than it is now.

Luna, 3AC, Ftx, Genesis… many accidents leave crypto guys frustrated. But if you look back at the history of cryptocurrencies, it is a technology-driven industry, with Pow, ETH, SegWit, Defi, and ZK growing the overall market cap to trillions. size. I am optimistic for 2023.

— Star (@starokg) December 31, 2022

Elon Musk begins following the OKX exchange on Twitter

In mid-December, the crypto industry was surprised by Twitter boss Elon Musk’s next move. He suddenly started following his OKX exchange account, founded by “Star” Xu, on his Twitter.

The trading platform’s native token surged from $22.97 to $24.15, and trading volume also increased significantly, adding about $3 million.

Musk is known to be a proponent of cryptocurrencies, especially Dogecoin and Bitcoin. Last year he disclosed that he owns Bitcoin, Ethereum and DOGE. He will add Dogecoin as a payment/tipping option on his network and as a means of payment for Twitter Blue before he finalizes a deal to acquire his Twitter in late October. I suggested

However, he has never shown interest in cryptocurrency exchanges. In addition to being his successful CEO of Tesla, Musk founded and ran companies in various fields of great importance to humanity, including SpaceX, Neuralink, The Boring Company, and now he is Twitter. I’m here.

In the fall, they also released a limited edition collectible perfume called “Burnt Hair.” It can be purchased with Dogecoin through The Boring Company, which is actually building deep underground tunnels to solve traffic congestion problems in major US cities. Both shipments were purchased immediately. Perhaps Musk is looking to buy a cryptocurrency exchange or build his own.