KyleChen
3.3K posts
KyleChen
@KKyleChen
Building #OKX | Web3 Growth Product Lead｜2015 Crypto古典韭菜 ｜MSc Data Science @OfficialUoM ｜推特仅代表个人观点 Dyor
布伦特相对WTI的价差已经来到$20+... 搬运一下AI的回答 布伦特贵，本质是因为WTI被"困"在美国内陆、出口受限、供应积压，而布伦特直接面向全球自由市场，定价更充分 2011年之前，WTI长期比布伦特贵或持平，因为WTI品质更好（更轻、更甜）。2011年之后布伦特开始持续溢价，主要是美国页岩油革命带来的结构性变化。 核心原因 1. 美国页岩油供应过剩，WTI被困在内陆 页岩油革命后，美国中部原油产量暴增，但库欣（Oklahoma）的管道和储存基础设施跟不上，导致WTI原油大量积压在内陆，出口受限，价格被压低。 布伦特产自北海，直接面向全球海运市场，供需更平衡 2. 定价基准的地理差异 WTI：内陆定价，交割地在库欣，运输成本高，出口受限（2015年前美国甚至有出口禁令） 布伦特：海上定价，面向全球市场，流动性更高，更能反映国际供需 3. 布伦特是真正的"全球基准" 全球约70-80%的原油贸易以布伦特为定价基准，中东、非洲、欧洲的原油都参考布伦特。需求更广泛，定价权更强 4. 地缘政治风险溢价 布伦特更直接暴露于中东、俄罗斯等地缘风险，市场会给予更高的风险溢价。WTI的美国本土属性让它相对隔离于这些风险
A New Chapter: Building the Next Generation of Financial Infrastructure Our partnership with Intercontinental Exchange marks an important moment for OKX and for the broader evolution of digital asset markets. ICE has built and operated some of the most important financial infrastructure in the world, including the New York Stock Exchange and global derivatives and clearing platforms. Their decision to invest in OKX, and join our board, reflects a shared belief that digital asset technology will play an enduring role in the future of financial markets. For OKX, this partnership also represents a new chapter in how we approach the United States. In many ways, we view our presence in the U.S. as a blank sheet of paper — an opportunity to build thoughtfully, engage constructively with regulators and institutions, and contribute to the development of market infrastructure that meets the standards of the world’s most sophisticated capital markets. Financial markets are entering a period of structural transformation. Blockchain technology allows assets to move and settle globally with unprecedented efficiency. Artificial intelligence is reshaping how markets analyze information and manage risk. At the same time, expectations around safety, transparency, and investor protection remain as important as ever. The next generation of financial infrastructure must bring these elements together. One area where we see tremendous potential is the development of tokenized securities and digital representations of traditional assets. In the future, issuers may be able to bring securities directly to global investors through modern digital infrastructure, while still benefiting from the governance, market structure, and regulatory frameworks that have long defined traditional exchanges. Working alongside ICE and the broader New York Stock Exchange ecosystem gives us a unique opportunity to explore how these models can evolve responsibly. Our focus is not simply on new technology, but on building durable infrastructure for the global financial system. This includes improving market structure, strengthening risk management and clearing frameworks, expanding institutional access to digital assets, and creating platforms that protect consumers while enabling innovation. OKX today serves more than 120 million people globally and operates under licensing frameworks in major financial jurisdictions. Over the past decade, we have built high-performance trading systems, onchain technologies, payment systems and security frameworks capable of supporting large-scale global markets. As digital assets continue to mature, we believe collaboration between technology innovators and established financial institutions will be essential. Our partnership with ICE reflects this principle. Together we will explore how traditional exchange infrastructure and digital asset technology can complement each other to build stronger, more efficient markets. This investment is not an endpoint — it is the beginning of a deeper collaboration. Our goal is to help shape the next chapter of financial markets, where digital and traditional infrastructure work together to expand access, strengthen trust, and support innovation across the global economy. okx.com/en-us/learn/ok…
大年初一，用Seedance2.0给各位 Crypto #交易主理人 和 #美股交易员 们，手搓了一个 #OKX策略交易 贺岁片🎬 虽然还有很多需要提升的地方，字幕、logo精准度上都还有进步空间，但是已经足够让所有内容生产者的职业路径变天！内容生产的门槛，正在被指数级压平。创意的表达效率，被压缩到“想法出现的那一刻”。 以下成片大概耗时两小时，提示词为段落式场景化描述即可，演员生态、动作流畅度毫无违和感。 当 AI 的生产能力，叠加 crypto 的资产确权与价值流通能力——创作者、交易者、平台之间的关系，会被重新定义。一个全新值得期待的新的一年！ 相较于马上成功、马上发财，我想说：AI时代已经来了，所有人需要马上行动🐎😍 btw，给各位主角穿上了 OKX新周边，能参与 #OKX潮牌主理人 活动吗😉 @okxchinese
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. 6.At 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.
金 —> 银 —> 铜 快轮到了吧？
#OKXWallet 已正式将 XDOG、PENGUIN 纳入 OKX Boost 榜单，上榜代币将按照 Boost 榜单规则进行排名，并享有相应的交易量加成激励。 详见⬇️
