《Xu Mingxing Talks Crypto Cycles, Hyperliquid, and 10/11 Reflections》OKX founder Xu Mingxing reflects on the multiple cycles he has experienced since entering the Bitcoin industry in 2011. He discusses European regulations, exchange operations, corporate governance, proof of reserves, and listing plans. He emphasized that fintech companies should make money through technology and services, not by using customer funds. OKX plans to pursue a public listing to embrace the oversight of being a listed company and build trust through information disclosure. He also shared his understanding of Hyperliquid's matching mechanism and OKX's efforts to build Exchange OS on X Layer, exploring the direction of regulated on-chain trading. Regarding the market event on October 10 last year, he elaborated on his views on USDe risk classification, circular collateralization, and cascading liquidations. Additionally, he revealed that he is an early investor in Ethena. Read the full article: https://(wublock123.com)/articles/xingxing-xu-on-crypto-cycle-hyperliquid-1011-reflection-59644