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Musk, memecoins, and the crypto market: Octa broker’s expert view

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KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 25 February 2025 – Over the past few years, the strategic endorsements, enigmatic tweets, and business manoeuvres of Elon Musk have caused shock waves in the cryptocurrency market with wild price fluctuations. Today, he is creating a native cryptocurrency on the X platform under the temporary name, X Money.

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When and if it happens, the project can turn X (ex. Twitter) into a complete financial system, making Musk an overnight competitor for traditional banking systems as well as traditional crypto payment systems. Others believe this could be an attempt by Musk to create a decentralised alternative to PayPal and traditional fintech platforms, counting on X’s massive user base to drive its uptake. Kar Yong Ang, a financial market analyst at Octa Broker, elaborates: Will X Money be the disruptive force that reshapes digital finance, or just another speculative experiment.

The Musk factor
When Elon Musk set his sights on Dogecoin, the market took notice. His influence became undeniable when a single tweet sent the price soaring. In December 2020, a seemingly casual tweet, ‘One word: Doge’, triggered a 20% price surge within hours.

By May 2021, following Musk’s Saturday Night Live appearance, Dogecoin had skyrocketed to $0.73, marking an astronomical rise of over 10,000% from the previous year. However, the euphoria was short-lived, as Musk jokingly referred to Dogecoin as a ‘hustle’ on national television, prompting an immediate crash. The cycle repeated as Musk continued to tease integrations with Tesla, Twitter (now X), and even SpaceX. Each hint of Dogecoin adoption sent waves through the market, illustrating an unprecedented case of social media-driven price manipulation.

Market impact analysis: price movement correlation
A close look at the price movement of Dogecoin shows an unavoidable connection between Musk’s interest and its price. Between December 2020 and May 2021, Dogecoin pumped from $0.003 to its all-time high, over 24,000%. The next year, as Musk’s attention turned elsewhere, it fell by 90%, showing its speculative volatility. When Musk floated the idea of accepting Dogecoin payments on Twitter in early 2023, its price jumped 30% in a day, indicating his influence had not diminished.

The broader crypto market, on the other hand, tended to mirror Dogecoin’s peaks and valleys, highlighting Musk’s broader sway. When Tesla announced that it would no longer accept Bitcoin due to environmental concerns, the entire market tanked, with Dogecoin shedding 40% of its value in a matter of days.

Dogecoin is not the only Musk-linked token to experience extreme price swings. The rise of Musk-inspired coins, such as ElonCoin, MuskSwap, and even parody tokens like Dogelon Mars, has followed a similar trajectory. In 2021, Dogelon Mars ($ELON) surged 4,000% in under a month, fueled by speculation that Musk would support it. Similarly, Musk’s offhand social media posts have caused ElonCoin to spike over 600% in a single week before rapidly retracing. Musk’s mere association with crypto—whether intentional or not—creates instant market distortions.

Legal and regulatory implications
Musk’s market-shaping tweets have not gone unnoticed by regulators. In 2022, a class-action lawsuit alleged that he had engaged in deliberate market manipulation, artificially inflating Dogecoin’s price before selling off at a profit. While Musk dismissed the case as frivolous, regulatory bodies, particularly the SEC, have intensified their scrutiny of influencer-driven market movements. ‘If the lawsuit succeeds, it could set a precedent for greater oversight in cryptocurrency markets, potentially curbing speculative hype cycles‘, Kar Yong Ang explains. ‘Such intervention could reshape the industry, making it less susceptible to manipulation but also reducing the high-risk, high-reward nature that attracts many traders’, concludes the expert.

Future Outlook: Market Predictions
The broader ‘Musk Effect’ continues to fuel speculative hysteria in the crypto markets. The effect is not limited to Musk’s own initiatives: coins tied to his public persona, family, and even unrelated memes tend to experience parabolic price appreciation.

Most recently, Trump and Melania-themed memecoins have introduced a fresh wave of speculative trading. Meanwhile, Musk himself still indirectly impacts the memecoin universe. His recent internet antics, such as rebranding himself ‘Harry Bōlz’ on X, coincided with a $28 million trading volume spike in niche tokens, demonstrating how market volatility triggers can stem from seemingly trivial events.

Investment considerations and risk assessment
With Musk potentially entering the cryptocurrency market directly through X Money, the landscape could shift dramatically. Unlike Dogecoin, which remains largely speculative and community-driven, a Musk-backed financial token could introduce tangible use cases, particularly within X’s expanding payment ecosystem.

Key risk factors for investors include:

  • Regulatory uncertainty: authorities are closely monitoring Musk’s financial ventures, and any potential legal challenges could impact X Money’s development.
  • Market volatility: If history is any indication, Musk’s crypto projects tend to cause significant market swings, benefiting early adopters but posing risks for those entering peak hype cycles.
  • Adoption challenges: For X Money to succeed, it must offer compelling advantages over existing payment solutions like PayPal and USDC-backed stablecoins. Its adoption will depend on how well it integrates with financial services within the X platform.

Despite these risks, the possibility of Musk disrupting the digital payments space cannot be overlooked. If X Money launches successfully, it could become a dominant force in fintech, further cementing Musk’s influence over global markets.

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Disclaimer: Trading involves risks and may not be suitable for all investors. Use your expertise wisely and evaluate all associated risks before making an investment decision.
Hashtag: #Octa

The issuer is solely responsible for the content of this announcement.

Octa

is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

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From PolyU Research to Geneva Global Debut: GOOD Vision oka³y! ™ Redefines Precision in Freeform Orthokeratology

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GENEVA, SWITZERLAND – Media OutReach Newswire – 9 March 2026 – GOOD Vision Technologies Co., Limited, a pioneer in ophthalmic optics and diagnostics, today announced the global debut of oka³y!™, a first-of-its-kind “3A” Freeform Orthokeratology (Ortho-K) solution. Unveiled at the 51st International Exhibition of Inventions in Geneva, the technology solves the industry’s most persistent hurdles by leveraging proprietary AI and freeform optics: AI-guided fitting, Astigmatic precision, and Asymmetric cornea alignment.

Beyond Traditional Toric Lenses: The Future of Freeform Orthokeratology

With myopia expected to affect 50% of the world’s population by 2050, demand for effective management is high. While Ortho-K is a highly effective strategy, traditional symmetric and spherical/ toric designs often underestimate corneal shape complexity, causing lens decentration and poor visual outcomes.

The oka³y!™ freeform technology, incorporating the company’s proprietary FAST-360 and CORe Technology, surpasses traditional lens design. AI-based FAST-360 reconstructs missing corneal data for faster scans, while CORe ensures precise alignment with the visual axis, leading to 3.1 times greater stability.

Precision Myopia Correction and Control for High Astigmatism and Asymmetric Corneas

For optometrists and clinic owners, oka³y!™’s key benefit is improving workflow by automating complex mathematics, cutting chair time by 64%. This boosts myopia management capacity without extra staff or lengthy training. “As a registered optometrist in Hong Kong and a researcher in one of the world’s leading optometric institutes, I witnessed a growing gap between the number of patients seeking Ortho-K and the limited range of conventional products available to treat them,” says Dr. Kin Ho Chan, Ken, the lead inventor of oka³y!™. “By focusing on the ‘3A’: AI-guided, Astigmatism, and Asymmetry, and working alongside The Hong Kong Polytechnic University (Poly U), we have developed a design that not only delivers superior vision but also enhances safety by reducing corneal staining. We are turning a frustrating, manual trial-and-error process into a predictable one-click adjustment.”

From Niche Specialty to Global Enterprise: Scaling the Future of Eye Care

As myopia rates reach epidemic levels, GOOD Vision partners with PolyU, harnessing its research strengths and support from its startup ecosystem PolyVentures, to redefine primary eye care by transforming a niche specialty into a scalable global enterprise. By replacing manual OK lens design with oka³y!™, the company has created a technology bridging clinical complexity and scalability. This transition enables practitioners to manage myopia, high astigmatism, and asymmetrical cases precisely, removing barriers to modern refractive error management.

“By embedding and automating the complex mathematics of lens design, we provide clinicians with the tools to treat ‘difficult’ patients who were previously considered unsuitable for Ortho-K,” added Professor Chea-su Kee, Founder of GOOD Vision. “This is about elevating the global standard of care and ensuring that precision myopia management is accessible to the next generation on a global scale.”

Experience the Future of Myopia Control

GOOD Vision invites investors, distributors, and practitioners to a live demonstration of the oka³y!™ at the International Exhibition of Inventions Geneva:

  • Location: PolyU Delegation Booth, Hall 2, Palexpo, CP 112, Route François-Peyrot 30, 1218 Le Grand-Saconnex, Geneva, Switzerland
  • Dates: 11–15 March 2026

Hashtag: #GOODVision

The issuer is solely responsible for the content of this announcement.

About GOOD Vision Technologies Co., Limited

GOOD Vision, a Hong Kong-based startup nurtured by PolyU, is dedicated to advancing the field of corneal reshaping technologies. With a focus on innovation, efficiency, and affordability, the company develops innovative solutions to empower eye practitioners and enhance the quality of eye care worldwide.

For additional details about GOOD Vision and their innovative offerings, please visit

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Tech Innovator Acquires Nexxus Building Trivium to Oversee Asset Management

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Central Landmark Set for Revitalization with International Expertise

HONG KONG SAR – Media OutReach Newswire – 9 March 2026 – In a vote of confidence in Hong Kong’s vibrant and enduring business environment, Nexxus Building, a landmark Grade‑A commercial property in Central’s prestigious CBD, has been acquired by a leading figure in the technology sector. Trivium Asset Management (“Trivium”), an Asian real estate investment and asset management firm, has been appointed as Nexxus Building’s Asset Manager (“AMC” or Asset Management Company), taking charge of the asset’s comprehensive management and operations.

Under new ownership, Nexxus Building is set to undergo a forward‑looking transformation integrating next‑generation technologies with world‑class professional management. The revitalization aims to redefine the building’s market positioning, enhance its tenant experience, and reinforce its status as an iconic and premier Grade‑A property in the heart of Hong Kong’s CBD.

Leveraging Trivium’s extensive expertise, the enhancement programme will incorporate smart‑building management systems and sustainability‑driven upgrades designed to meet the evolving needs of global tenants. The reimagined Nexxus Building aims to attract financial institutions, fintech platforms, and technology enterprises, reaffirming Central’s position as Asia’s dynamic financial and innovation hub.

Mr. Wilfred Ma, Managing Partner of Trivium Asset Management, said, “Trivium is honored to be entrusted with the role of Asset Manager (“AMC” or Asset Management Company) for Nexxus Building, one of Hong Kong’s most iconic commercial landmarks. Drawing on our track record in real estate investment and operations across Hong Kong and Japan, we are committed to implementing forward‑thinking strategies that enhance tenant value, optimize building performance, and unlock Nexxus Building’s full potential as a commercial anchor in the city’s core.”

Originally built in 1962 as the former headquarters of Hang Seng Bank, Nexxus Building has been a witness to Hong Kong’s rise as a global financial centre. Following a major renovation in 2008 and the addition of a direct footbridge to IFC and the Airport Express in 2020, the building continues to host multinational corporations, leading financial institutions and professional services firms, and premium retail tenants – including the iconic Hong Kong Bankers Club – reinforcing its status as one of Central’s most distinguished Grade‑A office towers.

Hashtag: #TriviumAssetManagement

The issuer is solely responsible for the content of this announcement.

About Trivium Asset Management

Founded in 2022, Trivium Asset Management is a Hong Kong‑based real estate investment and asset management firm overseeing assets valued at over US$900 million across Asia. Trivium serves institutional investors, financial institutions, and family offices through integrated investment and asset management, value‑creation strategies, and technology integration. The firm’s mission is to maximize long‑term value and promote sustainable growth for clients and communities alike.

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HOFA Announces the Second Edition of the Digital Art Awards, in Collaboration with Exhibition Partner PhillipsX in Hong Kong, proudly backed by Lightyear

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HONG KONG SAR – Media OutReach Newswire – 9 March 2026 – Celebrating a new generation of digital artists working across generative systems, AI, immersive media and experimental formats, with winners selected by a panel of leading experts and exhibited at Phillips’ Asia headquarters in the West Kowloon Cultural District during Hong Kong Art Basel Week 2026.

Refik Anadol, ‘Sense of Healing’, 2023, AI Data Sculpture (Courtesy of the Artist)

The awards ceremony will take place on 24 March 2026, featuring the four key categories of Still Image, Moving Image, Innovation and Experiential and followed by a private sale exhibition hosted by Phillips in Hong Kong, from 25–28 March 2026.

As a highlight of Hong Kong’s spring art calendar, the awards celebrate the growing cultural significance of digital art and spotlights the visionary artists redefining visual culture through cutting-edge technologies.

Thirty two international finalists will be selected for their work pushing the boundaries of digital creativity. Each of the four category winners will receive a $10,000 USDC commission towards a new artwork.

The thirty two finalists include several prominent figures in digital and generative art, such as Erick Calderon (Snowfro) Founder of Art Blocks, Botto, Sarah Meyohas, William Mapan, Sasha Stiles and Mario Klingemann – underscoring the calibre of talent the awards are already attracting with over two hundred applications across more than fifty countries.

Refik Anadol is nominated for the Honorary Career Award for Sense of Healing, an AI Data Sculpture that emerges from Refik Anadol Studio’s long-term research into creating meditative art based on neurological data.

Finalists and winners will be selected by a panel of leading experts in art, hospitality and technology, including Irini Mirena Papadimitriou, Exhibitions Director at Diriyah Art Futures, Thomas Heyne, Co-Founder and CEO at Scorpios, Dorothy di Stefano, Art Curator and Creative Strategist at Molten Immersive Art, Danielle So, Hong Kong Head of Auction, Modern & Contemporary Art, Phillips, Sebastien Borget, Co-Founder & Global of The Sandbox, SANDchain, President of Blockchain Game Alliance and Co-Founder of Artverse, Jean-Michel Pailhon, Co-Founder and Chief Investment Officer at Grailcapital, Simonida Pavicevic, Co-Founder and Curator at HOFA, Justin Gilanyi, Founder of WhereArt.Works and Curator at SILK, and Matt Zhang, Founder and Managing Partner at Hivemind Capital.

The Digital Art Awards are proudly backed by Lightyear, a subsidiary of Hivemind Digital Group. A full-stack digital culture partner, Lightyear provides infrastructure, liquidity and market expertise, and hands-on delivery for digital ownership and engagement across physical and digital experiences. Lightyear is committed to championing artists and organizations pushing the boundaries of digital culture.

Hashtag: #HOFA #PhillipsX

The issuer is solely responsible for the content of this announcement.

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