The recent feud between CZ (Changpeng Zhao, founder of Binance) and Star Xu (founder and CEO of OKX) has grabbed attention in the crypto world. At the same time, people wonder about Donald Trump's influence on big market drops in crypto. Some even joke or mock CZ's style in these situations. Here's a simple breakdown for beginners.
The CZ vs Star Xu Drama 🔥
CZ and Star Xu have a long history. CZ once worked at an earlier company linked to Star Xu (OKCoin, which became OKX). They split ways years ago, and now their exchanges compete fiercely.
• In October 2025, crypto markets crashed hard (called the "10/10" event). Bitcoin dropped sharply, causing billions in losses from liquidations.
• Star Xu blamed Binance (and indirectly CZ) for making it worse. He said Binance pushed high-yield products (like one tied to Ethena's USDe token) too aggressively. Traders borrowed and looped funds without understanding the risks, leading to a chain reaction of forced sales.
• CZ pushed back, saying the crash came from bigger outside factors (like macro news or market panic), not just one exchange. He called some blame "far-fetched" and noted Binance even paid compensation to affected users.
• This turned into a public back-and-forth on social media, with sharp words and indirect jabs. It shows old rivalry plus competition between the two big platforms.
The fight highlights how centralized exchanges can influence markets when things go wrong.
Trump's Role in Market Crashes 📉
Donald Trump has been very pro-crypto since his presidency started again. He promised to make the US the "crypto capital," launched ideas like a strategic reserve, and even his family got into crypto projects.
But his actions sometimes caused sudden drops:
1. In late 2025, Trump threatened heavy tariffs on China (like 100% extra on imports). This spooked investors globally. Risky assets like stocks and crypto got sold fast. Bitcoin and others crashed sharply on October 10, 2025, with billions liquidated in hours.
2. Crypto rallied big earlier under Trump's support, but events like tariffs reminded everyone that politics can swing prices wildly.
3. Some crashes hit Trump-linked tokens too (like meme coins), showing even "pro-crypto" moves can backfire in volatile markets.
Trump's policies boosted crypto at times but added uncertainty when trade or economic news hit.
The Mocking of CZ? 😏
CZ is known for his direct, sometimes funny or blunt posts on X. During the crash blame game and other events, people (including some traders) mocked him online. They joked about his past advice, his pardon by Trump, or how he handles criticism. For example, some posts teased "CZ's magic" in markets or compared his style to others. Star Xu's strong words added fuel, making it feel like a roast session in crypto Twitter. But CZ often replies calmly or with humor, saying FUD (fear, uncertainty, doubt) doesn't hurt him.
In short, the CZ-Star Xu clash is about blame for a painful crash, Trump's decisions can spark big swings (good and bad), and the community loves to meme and mock big names like CZ when drama hits. Crypto stays exciting but risky – always do your own research! 🚀 #StrategyBTCPurchase #USCryptoMarketStructureBill #BinanceBitcoinSAFUFund #MarketCorrection #CZvsStarXu @CZ