Chief Innovation Officer
@OKX
& Chief Operating Officer
@Okcoin
. Making bitcoin & crypto more accessible. All tweets are my own. Telegram
@jasonklau
.
Small correction, my new role at
@okx
is Chief Innovation Officer.
My main focus is going to be on how
#okx
can bring more people into the ever-expanding world of crypto and web3.
Have ideas or product feedback? lmk!
I've got some personal news to share today - I'm thrilled to announce that I'm rejoining
@OKX
in a new role as Chief Strategy Officer!
This will be in addition to my current duties as COO at
@Okcoin
& I can't wait to dive in.
A few quick thoughts👇🧵
Let me see if I got this right:
A bunch of banks regulated by... The Federal Reserve
was suddenly shut down by... The Federal Reserve
and depositors bailed out by... The Federal Reserve
all bc of interest rates set by... The Federal Reserve
Called
@Vanguard_Group
to ask why I couldn't purchase
#bitcoin
ETFs.
Answer was non-sensical; and the representative didn't even know a
#bitcoin
ETF had just been approved!
After being a customer for 17 years, I ended up closing my account and moving everything to Fidelity.
Last week, a few clients mentioned that our
#BTC
on-chain withdrawal fees were a little high (w the mempool relatively empty)
So, we've lowered it to 0.00002 BTC (~$0.99).
And ofc,
#LightningNetwork
withdrawals are also available for ~10 sats.
Tether $USDT is being listed on Coinbase - a validation of the largest stablecoin out there.
Recently, on
@OKCoin
, we've seen a large increase in USDT activity both on our USDT/USD order books and via OTC.
“There’s a lot of tax fraud and cheating that’s going on.” Treasury
@SecYellen
tells
@NorahODonnell
the proposed $600 IRS reporting requirement for banks is “absolutely not” a way for the government to peek into American’s pocketbooks but to hold billionaires accountable.
If I wanted to donate $10,000 to support
#Bitcoin
. How would I do that?
Do devs take donations?
@starkness
Train new devs? Scholarship via
@jimmysong
?
Buy and give away 500 copies of
@saifedean
‘s book to libraries?
But ads for
@APompliano
’s podcast?
Ideas welcome!
Excited to announce
@Okcoin
's latest
#Bitcoin
developer grant, $150,000 towards the work of Gloria Zhao
@glozow
!
She's a Bitcoin Core contributor focusing on Package relay, a
@bitcoinbrink
fellow, & runs the BTC PR review club. We're glad to support her!
A majority of USDT withdrawals and deposits we see are on the
#TRON
network - as fees are cheaper over there (vs the ERC-20 version).
P.s. we also support USDT on $ALGO and Omni.
The rumors were correct. We are launching a new Layer 2 and we’re proud to be working w
@0xPolygonLabs
to do so!
X1 is the name and it’s another part of our strategy to bring our users onchain and into the world of web3.
Follow
@X1_Network
and
@okx
for more updates!
OKX is using Polygon CDK to build a ZK-powered Layer 2 network that connects the 50 million+ OKX user base to the broader Ethereum community, to allow anyone to take part in a truly secure and unified global onchain ecosystem.
It’s called X1.
@X1_Network
will be a secure,
Consensys is building a KYC tool to track activity across Ethereum
#DeFi
. This will make DeFi "safe, transparent, much easier to trace."
I thought the main point of DeFi was no KYC?
Congrats to
@amizi
as a grant recipient from
@OKCoin
and
@BitMEXdotcom
to continue building
#bitcoin
.
She’s been working on how nodes rebroadcast in order to improve privacy. 👏
Stamps army where you at? We've got exciting news for you!
The viewing and transferring of SRC-20 tokens is now supported on the
#OKXWeb3
Wallet:
✅ In-built UTXO Management
✅ Network and protocol labels
✅ Available on both app and web
Explore now:
More and more application will build on the Bitcoin blockchain, and we will see more diversificiation for utility and applications. The OKX team is working hard to contribute and I’m pleased to say our latest
@okxweb3
update is live with support for emerging standards like
Baffled by the lead for
@ethereum
saying they “had better things do to than double check”.
We’re dealing with a live network, with people’s
#ETH
and active contracts at stake; the least we can do is double check everything.
@bradmillscan
“Miami Agreement” 😂
Seriously, we’ve added lightning support and users are loving it. We’d love to see wider ecosystem support.
On pricing in sats - stay tuned!
I've got some personal news to share today - I'm thrilled to announce that I'm rejoining
@OKX
in a new role as Chief Strategy Officer!
This will be in addition to my current duties as COO at
@Okcoin
& I can't wait to dive in.
A few quick thoughts👇🧵
Withdrawals & deposits for
#bitcoin
#LightningNetwork
⚡️ are now available via
@Okcoin
API!
Generate and pay hundreds of invoices seamlessly & be able to convert immediately into USD.
Check it out:
The
@OKX
wallet team’s one of the best.
More than accolades though, they want feedback! Give the wallet a try and let us know how to do better 🙏
What features are missing? How can we make the UX more smooth?
For me, OKX wallet
@okxweb3
seems to one of the finest EVM wallets in the industry. I keep hearing rave reviews about
@Rabby_io
too.
Overall many EVM wallets are getting very good but people generally index UX of Ethereum ecosystem on
@MetaMask
which is the most popular but also
I’m being asked why the $STX ecosystem is so 🔥 recently.
Might as well share what I’m seeing:
1) “Built on
#bitcoin
” is resonating
2) young, vibrant ecosystem - NFTs, earning
3) high activity, leading to frequent on-chain congestion
4) excitement for upcoming protocol upgrades
@adamscochran
@Vanguard_Group
Ridiculous - let investors choose.
I'm going to be calling them up tomorrow, possibly to move everything over to Fidelity.
Who says ⚡️ can't strike twice - we've got two announcements today!
1)
#LightningNetwork
is now live on
@OKCoin
! Come give it a try!
2) We are giving a grant to Antoine Riard - who's an open source
#bitcoin
developer specifically focusing on Lightning.
.
@OKCoin
’s integration of the Lightning Network is live, and the exchange is christening the integration with a grant to Lightning developer Antoine Riard.
@hfangca
By
@AsILayHodling
OKX added
#bitcoin
#LightningNetwork
⚡️support over two years ago.
Though early, we wanted to ensure
@okx
users have choice, and access to cheaper & faster bitcoin txns when needed.
We also wanted to support the growth of the ecosystem, something we continue to do today!
Just to reiterate - Okcoin has no exposure to FTX, Alameda, or FTT (the token).
Operations and the security of customer funds, crypto or fiat, are not impacted.
Arrived in HK and Friday night is🔥 w a packed house for Builder Nights.
@ysiu
shares his thoughts on why HK is the place to be for Web3 in Asia, and a great panel on AA. Nice job putting this together
@francescoswiss
!
Ordinals & Layer 2 solutions on Bitcoin shouldn’t be ignored
These are vital to solving Bitcoin’s economic security problem and increasing BTC’s utility as a SoV
The APY for $STX cycle two was 29.74% (paid in $BTC of course). We estimated it to be 15% but it turned out to be a little higher!
We're now in the burn phase, no more rewards. Next
@Stacks
cycle starts in four days.
Math below, all done on
@OKCoin
.
Congrats
@Melt_Dem
- this is really exciting! The
@Stacks
community (ourselves included) is eager to show the world that
#bitcoin
"is not a fking rock."
You've asked:
WEN KRAKEN? KRAKEN WEN? KRAKENWENKRAKEN??
We are thrilled to announce that the we received a grant of 150,000 USD (received and held in
#Bitcoin
) from
@krakenfx
. 💚💜
This the biggest donation we’ve received so far.
More on our blog
Bizarre, and tells you what stage of the cycle we are in:
Was asked about $LTC and $DOGE when buying eggs (saw my Okcoin shirt), then having an older lady jump in and say “sell it now, it’s going to crash”.
😅😅😅
This is the most amazing showcase of what
@TwitterSpaces
can be.
The El Salvadorian President and his brother are in here talking the
#bitcoin
bill with thousands of us - WHILE the bill is being debated and voted on in parliament.
A year ago, we weren’t sure if BTC could decisively break and stay above $10k.
Just some perspective as some are freaking out bc
#bitcoin
touched $40k.
Senators
@SenFeinstein
and
@AlexPadilla4CA
,
Please
#DontKillCrypto
in the US & vote YES on the Wyden amendment & NO on the Portman amendment.
Californians deserve a financial system free from surveillance and open to innovation.
Somehow, we don't hear enough about what's going on w
#Bitcoin
#lightningnetwork
⚡️.
Okcoin's node is now
#16
overall w 41 BTC. Two months ago we were at
#31
and 25 BTC. 🚀
whoa! public lightning network capacity just crossed 3,000
#bitcoin
🚀
find me a better looking chart than this, i'll wait. meanwhile, keep doing what y'all are doing ⚡️
h/t
@kerooke
@Frances_Coppola
To be clear, you are arguing that not a single person out of the 46m bitcoiners in America understands the financial system?
(We can ignore the millions more outside USA for now)
🔥 Join the future of Bitcoin on
@okxweb3
.
You can now stack $STX and earn yield in $BTC right from the OKX Wallet thanks to
@Stacks
and
@xverseapp
!
Get started here ➡️
@MattHaneySF
@MPSellitto
@UberEats
I find it hard to believe that the only way Treasure Island residents can get access to food is via Uber Eats.
If residents despise Uber Eats that much, just don’t order from them?
If NO ONE is delivering to Treasure Island, then maybe it’s time to revisit the new regs?
@brian_armstrong
@BankofAmerica
Not defending BofA at all. But Brian, my
@coinbase
account was closed back in 2016 in pretty much the same manner. No answers provided when asked.
The problem isn’t BofA or Coinbase, but systemic - the current system just isn’t designed to be inclusive.
Spend the afternoon at a
#Bitcoin
halving party in São Paulo? Of course!
There was even a special halving edition of the “Satoshi” IPA.
Thanks to
@lucasdcf
and
@usebipa
for the invite! And awesome to run into
@h3hara
!
So far, 90% of the teams I met who are building Defi for the unbanked never met a single unbanked in their entire life
My favorite question for them is “describe the life of any unbanked ppl you know, as detailed as possible”
🤭🤭🤭
Great succinct summary of why we at
@OKEx_
are so excited about our expansion to Malta.
When I visited in April,
@JosephMuscat_JM
&
@SilvioSchembri
explained their incredible vision to us, and all stakeholders have fully executed on it so far. 👏
Huge step for HK
It seems these ETFs will support in-kind creation and redemption, meaning you can deposit BTC directly and swap for a unit of the ETF. This isn't supported for the US
#bitcoin
ETFs - a big difference.
Coupled with the different capital base, these differences
Denver was fun. It’s been years since we’ve had such energy.
Best part was hearing all the positive feedback from so many
@okxweb3
users! We know there’s more work to do and will work even harder. 🙏
Taproot: An Example Of Bitcoin’s Win-Win Logic.
"Taproot is a win for everyday users because it will make transactions cheaper...Taproot is a win for sophisticated users too, because it will make Bitcoin more private and fungible."
Written by
@jasonklau
We will be sunsetting the
@Okcoin
brand and transitioning to
@OKX
over the next few months.
We’ve been working on this for a while now and I’m super excited to be able to share it more broadly.
See Hong's thread here for more details:
At the Satoshi Roundtable
@SatoshiRoundtbl
this year and I love that there's so much conversation and excitement about
#Bitcoin
- ordinals, L2s, you name it. Learning quite a bit.
Some of the most packed sessions were
#bitcoin
related!
PSA: the next $STX stacking cycle deadline is in 2.5 hours on
@OKCoin
. Deposit your
@Stacks
into OKCoin Earn by then.
Also, it says 15% APY, but it was actually 27% last cycle.
Hey friends at
@CoinList
,
I get what you're trying to say. Everyone wants returns that are like
#bitcoin
...
But there is no "next bitcoin". 🤦♂️
It's a bit misleading - we delisted BCH and BSV precisely because people were getting confused.
Super happy to share this one.
We’re partnering w
@Immutable
to make web3 games more accessible!
With this,
@okxweb3
users will be able to easily play and manage in game assets, and games will be connected to the broader web3 ecosystem.
I spent some time with the Immutable
The news is finally out.
@OKX
+
@Immutable
= unparalleled distribution for web3 games. 🎉
@immutable
is partnering with
@okx
to launch a gamefi launchpad, to onboard the next billion users into web3.
Gas efficiency seems to be a big part of
@0xProject
v4.
Amazingly - it might be cheaper to trade on
@UniswapProtocol
and
@SushiSwap
via 0x than going directly (claims a 3% gas savings).