# Crypto Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Crypto", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

In the Last 2 Minutes Before SK Hynix Market Open, TradeXYZ Achieved Price Accuracy Within 0.13%

Traditionally, asset price discovery halts when markets close. However, decentralized exchanges like Hyperliquid, enabling 24/7 trading of Real-World Asset (RWA) perpetuals, are changing this. A case study involving SK Hynix stock on Hyperliquid's xyz:SKHX market demonstrates this shift during a weekend when the Korean Exchange (KRX) was closed. While the KRX closed at 2,070,000 KRW on June 5th, active trading continued on-chain. By 08:56 KST on Monday, June 8th, just before the KRX open, the chain price had fallen to 1200.0 USDC, implying a -10.21% drop. Three minutes later, the KRX opened at 1,856,000 KRW, an actual drop of -10.34%. The on-chain price had predicted the opening decline with remarkable accuracy, missing by only 0.13 percentage points. In the final two minutes before the open (08:58-08:59 KST), the on-chain market saw a significant volume spike and a +2.31% price rebound. This wasn't a prediction error but likely the market front-running the expected post-open bounce. Indeed, after opening at its low, the KRX price rebounded approximately +2.64% by 09:03 KST. This event illustrates how 24/7 on-chain markets can act as a leading price discovery venue, not only anticipating opening prices but also trading the immediate post-open dynamics before traditional markets even begin.

marsbit1h ago

In the Last 2 Minutes Before SK Hynix Market Open, TradeXYZ Achieved Price Accuracy Within 0.13%

marsbit1h ago

AI's Deceptive Perfection: How Can Crypto Users Defend Against New Scams?

AI-generated content is making cryptocurrency scams more sophisticated and harder to detect. Previously, users could spot phishing attempts through poor grammar and spelling errors. Now, AI tools allow scammers to produce flawless, professional-looking emails, websites, and social media posts, often personalized using stolen user data. This shift poses unique risks in crypto, where transactions are irreversible and self-custody wallets can be compromised by a single malicious authorization. The article advises a shift from relying on visual cues to adopting rigorous verification as the primary defense. Key recommendations include: manually checking website URLs against official sources, scrutinizing wallet permissions before approving transactions, verifying smart contract addresses directly from project websites or block explorers, and being wary of unsolicited "urgent" messages from impersonated customer support. The core message is that in the AI era, a polished appearance is no guarantee of safety; every link, request, and interaction must be independently verified before any action is taken.

Foresight News2h ago

AI's Deceptive Perfection: How Can Crypto Users Defend Against New Scams?

Foresight News2h ago

Why Does Crypto Always Build 'Casinos', But Rarely Creates 'Indispensable Products'?

The article explores why cryptocurrency has primarily fostered speculation rather than essential, "sticky" consumer products. It introduces the concept of "sofalarity"—the point where a platform's convenience becomes so ingrained that leaving feels unthinkable. While Big Tech creates this lock-in through ecosystem control and data harvesting, crypto lacks equivalent everyday utility. Its appeal hinges on the variable rewards of price volatility, akin to gambling, which drives engagement but not dependency. The author argues crypto's core promise—fixing opaque backend systems like correspondent banking—solves problems most people never see or feel, failing to deliver a tangible "aha moment" of improved daily life. This need for explanation hinders mass adoption. Meanwhile, platforms like Google and Meta monetize vast behavioral data, a treasure trove crypto's transparent ledgers (recording only financial transactions) cannot match for predictive insight. The piece further questions whether crypto's potential lies in consumer super-apps or, more plausibly, in becoming enterprise-grade infrastructure—modern settlement rails. It concludes with a critical look at Real-World Asset (RWA) tokenization, suggesting it may merely digitize and accelerate corporate extraction (e.g., in housing or healthcare) rather than democratize access, as the technology itself is a neutral tool. True disruption, the author implies, requires building sovereign systems outside exploitative platforms.

marsbit4h ago

Why Does Crypto Always Build 'Casinos', But Rarely Creates 'Indispensable Products'?

marsbit4h ago

Earning Bounty with a Forehead Tattoo? pump.fun Keeps Memes Alive Through 'Bounties'

The article discusses the launch of pump.fun's new bounty platform "Pump.fun GO," which allows meme coin holders to lock funds as rewards for completing specific, often outrageous, marketing tasks to promote their tokens. Examples include a $50,000 bounty to skydive into a World Cup match in a mascot costume and a bounty for getting a forehead tattoo (with a typo) of a token name. The platform has sparked controversy for its perceived copycat nature compared to existing Web3 bounty platforms and its "crazy" tasks, while also granting pump.fun unilateral authority to approve or reject submissions. The move is analyzed as a strategic effort by pump.fun to revive declining platform revenue and meme coin engagement, following a pattern from its earlier, chaotic live-streaming feature. The core logic is that meme coins, lacking fundamentals, rely on manufactured attention and events, with GO formalizing this by outsourcing promotional stunts to bounty hunters, all aimed at boosting token visibility and price.

Foresight News6h ago

Earning Bounty with a Forehead Tattoo? pump.fun Keeps Memes Alive Through 'Bounties'

Foresight News6h ago

The Post-Plunge Panorama: Institutions Cry 'Buy the Dip' as Traders Turn to U.S. Stocks

Amidst a significant market correction, Bitcoin (BTC) briefly fell below the $60,000 mark to around $59,130 on June 6th. While it later rebounded to near $63,000, breaking the key psychological level severely impacted market confidence, with the current sentiment index indicating "extreme fear." Altcoins followed the broader downturn. Market participants offer mixed views on whether this is a buying opportunity. On the bullish side, analysts from Glassnode and Strive Asset Management point to Bitcoin touching its 200-week moving average—a historically reliable buy signal—and suggest a higher-probability bottom zone between $46k and $54k. Standard Chartered's digital assets head believes the bottom is "almost in," anticipating large-scale buybacks. Analysts Darkfost and trader Killa also see current levels as a generational or long-term accumulation opportunity, citing deeply oversold technical models. Conversely, NYDIG's research highlights capital rotation from crypto into outperforming AI stocks as a headwind, noting the current ~53% drawdown is milder than historical cycles. Polymarket prediction data shows a 72% probability of BTC falling below $55k, though odds for a drop below $35k-$40k are seen as lower. Notably, some traders, like Eugene Ng, have pivoted away, citing more attractive opportunities in equities and unresolved systemic risks (referencing a major entity's BTC sales), and are avoiding attempts to "catch a falling knife." In summary, while several institutional voices and on-chain metrics suggest a nearing bottom and a strategic buying zone, significant near-term downside risk remains acknowledged. The market exhibits a clear divide between those seeing a historic entry point and those withdrawing to wait for clearer signals or better risk/reward ratios.

Foresight News7h ago

The Post-Plunge Panorama: Institutions Cry 'Buy the Dip' as Traders Turn to U.S. Stocks

Foresight News7h ago

Ansem: I Disagree That Crypto is Over, Bullish on AI and Small Team Startups

Crypto analyst Ansem argues that crypto is maturing, not dying, despite poor performance of major tokens like BTC and ETH. Key structural trends with staying power are stablecoins, perpetual contracts, and tokenization, as proven by projects like Hyperliquid. BTC's current stagnation is attributed to temporary issues like its "pyramid-like" tendencies from corporate strategies and quantum computing concerns, not industry failure. Ethereum and other L1s struggle as their tokens rely on "future growth" narratives rather than capturing real revenue from applications built on them. However, Ansem sees strong reasons for optimism. Regulatory improvements are lowering barriers for crypto entrepreneurs, while traditional firms like Robinhood and Stripe are adopting blockchain. Although AI and tech stocks have recently outperformed crypto, several crypto tailwinds are underestimated: the rise of competitive open-source AI, easier startup creation for small teams using software, and blockchain/stablecoins being superior infrastructure for AI agent transactions. Combined with improving regulation and potential for renewed retail speculation, these factors suggest a future with more, not fewer, crypto experiments and token innovations.

marsbit8h ago

Ansem: I Disagree That Crypto is Over, Bullish on AI and Small Team Startups

marsbit8h ago

ViaBTC CEO Haipo Yang: Looking Back at the Decade, Re-understanding the Value of Crypto

In "A Decade in Retrospect: Re-evaluating the Value of Crypto," ViaBTC & CoinEx CEO Haipo Yang reflects on the cryptocurrency industry's evolution since founding ViaBTC in 2016. Initially a niche interest, Crypto has fundamentally transformed key financial infrastructures like market making, trading, settlement, and issuance through open protocols, as seen with Uniswap and GMX, and enabled efficient cross-border transfers via stablecoins. While acknowledging speculation's role in fueling innovation and liquidity, Yang warns it often overshadows real demand. He distinguishes between blockchain (a trust-minimizing technology), Web3 (an application model requiring genuine utility), and Crypto assets. The latter's value derives from block space as a commodity (e.g., gas fees) and "sovereign liquidity premium" (e.g., Bitcoin's censorship resistance), with most tokens lacking such dual support. Looking ahead, Yang argues the next decade's focus should shift from "open participation" to "sustainable participation," emphasizing reliable infrastructure. He predicts consolidation towards networks with strong security and liquidity (like Bitcoin and Ethereum), and sees DeFi becoming a specialized tool rather than a mass replacement for traditional finance. Crypto will integrate into traditional finance (e.g., via Bitcoin ETFs) but may sacrifice some decentralization for mainstream adoption. Real future demand may come from AI agents and machine economies needing permissionless settlement. Ultimately, Yang believes Crypto's enduring value lies not in hype or replacing everything, but in verifiably reducing trust costs, increasing efficiency, and providing stable, transparent services across market cycles.

marsbit8h ago

ViaBTC CEO Haipo Yang: Looking Back at the Decade, Re-understanding the Value of Crypto

marsbit8h ago

Solana Price Below $65 For The First Time Since 2023: Crucial Levels To Watch

The price of Solana (SOL) has dropped below $65, reaching its lowest level since late 2023 as the broader crypto market faces bearish pressure. Analysis of on-chain data, specifically the UTXO Realized Price Distribution, reveals that a key support level around $77 has been lost. Crypto analyst Ali Martinez identifies the next major support zone at approximately $53, with further potential floors near $35 and $24 if selling pressure intensifies. As of the report, SOL is trading around $63.23, reflecting a significant 24-hour decline. The outlook suggests continued downward momentum unless renewed demand emerges in the spot market to initiate a recovery.

bitcoinistYesterday 21:01

Solana Price Below $65 For The First Time Since 2023: Crucial Levels To Watch

bitcoinistYesterday 21:01

Want In On SpaceX? Kraken Unveils Early IPO Access Via xStocks

Kraken now allows eligible customers in over 110 markets, excluding the US, Canada, Australia, and the UK, to register interest in the upcoming SpaceX IPO through its xStocks IPO Access program. Participation requires a verified standard Kraken mobile app account. Successful applicants will receive SPCXx, a tokenized claim backed 1:1 by SpaceX shares, instead of traditional brokerage positions. These tokenized shares can then be traded 24/7 on Kraken and other xStocks venues post-allocation. This initiative aims to broaden retail access to high-profile IPOs, typically dominated by large institutions, and is part of Kraken's larger push into tokenized equity markets. The highly anticipated SpaceX public offering is expected to begin trading on June 12.

bitcoinistYesterday 18:02

Want In On SpaceX? Kraken Unveils Early IPO Access Via xStocks

bitcoinistYesterday 18:02

House Committee Unveils 7 Crypto Tax Drafts—A Major Overhaul Of How Digital Assets Are Taxed

The US House Ways and Means Committee has released seven crypto tax discussion drafts, marking a major legislative effort to clarify how digital assets are taxed. This initiative, backed by committee leadership, aims to establish clearer rules on the timing and treatment of taxes for activities like crypto mining, staking rewards, and stablecoin transactions, including potential capital gains exemptions. The package also seeks to extend wash sale restrictions to digital assets. Lawmakers are working with the Treasury, Commerce Department, and White House on the measures, while Senate tax writers are also developing their own legislation, signaling a move toward a more unified approach to crypto taxation.

bitcoinistYesterday 12:32

House Committee Unveils 7 Crypto Tax Drafts—A Major Overhaul Of How Digital Assets Are Taxed

bitcoinistYesterday 12:32

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