# 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.

Welcome to the New Crypto World: Only This Time, The Place Where You Lose Money Is Called the Stock Market

Welcome to the New Crypto World: Only This Time, the Place to Lose Money is Called the Stock Market. The article depicts a future (2026) where global stock markets, particularly tech stocks, are exhibiting behaviors and risks reminiscent of the cryptocurrency world. The narrative centers on a sharp crash in South Korea's KOSPI index and leading stocks like SK Hynix, highlighting widespread retail losses, leverage-induced liquidations, and extreme volatility. It argues that a significant shift in market dynamics is underway: pricing is increasingly driven by narratives (like the AI boom) over fundamental valuation, amplified by high leverage and the rapid, emotion-fueled consensus formed on social media. Former crypto traders, seeking new opportunities, brought their high-risk strategies—chasing narratives, using leverage—into equity markets, focusing on sectors like AI and semiconductors. Ironically, data suggests some major tech stocks have recently shown greater volatility and faster crashes than Bitcoin, which is becoming relatively more stable and "stock-like" through institutional adoption. The piece details how leveraged ETFs in Korea, particularly those tied to single stocks, created a vicious cycle of forced selling that exacerbated the market plunge. It concludes that while stocks retain underlying fundamentals, the *trading* of them has undergone a "de-rationalization": markets now prioritize themes, social media sentiment, and leveraged bets over traditional analysis. In a paradoxical twist, Bitcoin is striving to become more like a traditional asset, while a segment of the stock market is becoming more like crypto—a cycle of grand stories, crowded trades, easy leverage, and the pervasive, often misplaced, belief that one can exit before everyone else. The final, poignant wish from a Korean retail investor—to go back to life before trading and get their money back—underscores that markets offer no refunds.

marsbit13m ago

Welcome to the New Crypto World: Only This Time, The Place Where You Lose Money Is Called the Stock Market

marsbit13m ago

Observation of Data on the Top Six Cryptocurrency Protocols: Revenue Continues to Grow, So Why Aren't Token Prices Rising?

Despite generating impressive revenue, many top cryptocurrency protocols struggle to translate this success into token price appreciation. This analysis of six major protocols (Aave, Aerodrome, Hyperliquid, Pump, Sky, Uniswap) examines the disconnect, focusing on revenue generation, distribution, and tokenomics. While these protocols collectively earned over $726 million in the first half of 2026, token performance largely lagged due to factors like imbalanced token emissions, unclear value capture mechanisms, and equity-token separations that disadvantage holders. Key findings reveal that not all revenue is equal for token holders. Protocols differ significantly in how they allocate income. Hyperliquid, for instance, directs 100% of its revenue to holders via buybacks and burns, correlating with strong token performance. Others, like Aerodrome, Sky, and Uniswap, showed negative net token flows when accounting for high token emissions used for incentives, offsetting holder benefits. The article highlights two primary value capture methods: buybacks/burns and direct fee distribution (e.g., ve-tokenomics models). The analysis concludes that high revenue alone doesn't guarantee token growth. Investors must scrutinize a protocol's sustainable revenue sources, how that value is shared with token holders, and the associated token release schedules and supply pressures. The future points towards greater alignment between protocol success and tokenholder rewards, but only for projects that seriously address all three pillars: revenue, distribution, and emissions.

marsbit2h ago

Observation of Data on the Top Six Cryptocurrency Protocols: Revenue Continues to Grow, So Why Aren't Token Prices Rising?

marsbit2h ago

He Made $40 Million from Trump Coin and Is in the Spotlight Again

The article focuses on an individual known as @kimchi1x, who allegedly earned $40 million from trading the Trump-themed meme coin $TRUMP. While the token created many wealth stories in the crypto space, kimchi recently gained widespread attention on X despite having previously only posted content showcasing a lavish lifestyle without discussing trading. His sudden fame sparked debate, with some users questioning the authenticity of his claimed profits due to a lack of verifiable on-chain data and accusations that his wealth displays might involve AI-generated images or borrowed items. A prior interview with well-known meme coin trader Orangie revealed that kimchi began trading meme coins in April 2024, achieved six-figure monthly profits by November, and spent long hours scanning blockchain activity. He reportedly set a goal to earn eight figures and, according to the narrative, achieved it with the rise of $TRUMP shortly after the interview in January 2025. The article reflects on the 2024-2025 meme coin frenzy as a period of "mass adoption," where platforms like pump.fun enabled rapid, attention-driven wealth generation for young, dedicated traders. It suggests that while the peak of purely hype-driven meme coins may have passed, and many like kimchi have withdrawn their profits, the speculative drive for life-changing gains persists among younger generations across various asset classes. The conclusion posits that new opportunities will continue to emerge.

marsbit3h ago

He Made $40 Million from Trump Coin and Is in the Spotlight Again

marsbit3h ago

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