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January 14, 2025, OKX CEO Star delivered a speech via video link. Below is the full text (organized and edited): I’m delighted to meet everyone virtually today. Many of you are old friends of mine, and many others are online acquaintances. Welcome, and thank you for traveling so far to attend OKX’s event. I. “Coin Circle” Should Not Be a Derogatory Term; The Future of the Crypto & AI Industry Is Promising I have been part of the crypto industry for more than a decade, witnessing how people’s perceptions of Bitcoin and the crypto industry have evolved. Here’s one intriguing observation: many people translate the English term “Crypto industry” into Chinese as “coin circle”. If “Crypto industry” in English generally carries a positive connotation — implying technological innovation and economic empowerment — “coin circle” in Chinese is more neutral. And in practice, many people even impose a somewhat negative meaning on the term “coin circle.” For example, if someone fails in a startu...

Fairshake and its affiliated Super PACs, Protect Progress and Defend American Jobs, were very active contributors to this election cycle, spending successfully across a variety of different races. Protos used Federal Election Commission data compiled by OpenSecrets to help determine which states were the largest recipients of funds from these crypto industry-affiliated entities. This approximately $133 million in spending was dominated by Ohio, where over $40 million was spent by Defend American Jobs to support the campaign of Republican Bernie Moreno, who has clinched the state’s Senate race. Read more: Crypto promises that Donald Trump must now live up to Other expensive races saw approximately $10 million used to oppose Katie Porter in the California Democratic Senate Primary, $10 million to support Democrat Elissa Slotkin in her successful Michigan race for the Senate, and slightly more than $10 million to support Democrat Ruben Gallego in his successfu...

Ripple CEO Brad Garlinghouse says the company is “very close” to launching its own dollar-pegged stablecoin on the XRP Ledger. During a fireside chat at the Korea Blockchain Week in Seoul, South Korea, Garlinghouse said that the stablecoin has been in a “closed beta” stage. “We will certainly launch soon,” he said. ”Weeks, not months.” USDC’s Depeg Opened Up An Opportunity Ripple’s stablecoin will be called Ripple USD and trade under the ticker symbol RLUSD. Garlinghouse said that plans for the company to launch its own dollar-backed stablecoin were set in motion after USD Coin (USDC), which is the second largest stablecoin in terms of market cap, lost its peg to the dollar in March last year. Ripple’s unique position in the market and connections to multiple financial institutions led to the company’s executives identifying USDC’s brief disconnect to the dollar as an opportunity to enter the stablecoin ...

A Kamala Harris adviser said the vice president would back policies to help the growth of the crypto industry if she wins November’s election, but the comments were slammed by industry leaders, including Cardano CEO Charles Hoskinson.  “We need specific, tangible actions,” Hoskinson said in an Aug. 21 post on X. “No specific policy or proposal. Just talk. Will Gary be fired? What legislation do you support? What executive actions will be issued? I’m sorry there is ZERO trust.”  Harris To Support Emerging Technologies “She’s going to support policies that ensure that emerging technologies and that sort of industry can continue to grow,” said Brian Nelson, a senior campaign advisor on policy to Kamala Harris, at a roundtable event hosted at the Democratic National Convention in Chicago, according to an Aug. 21 report   by Bloomberg. Nate Geraci, the president of the ETF Store, also was critical of Nelson...