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On March 22nd, data released by OpenRouter, the world's largest AI model API aggregation platform, revealed that as of March 15th, China's AI large models recorded a weekly usage of 4.69 trillion toke

China's AI Large Model Usage Surpasses Global Peers

Join HTX Square to Define Web4

HTX Community Spring Creation ContestHTX DAO Staking LaunchCheck In to Win a 20g Gold BarTL;DR: Capital Plunge: Ethena’s deployed capital has fallen to $791 million, representing a reduction of over 8

TL;DR: Capital Plunge: Ethena’s deployed capital has fallen to $791 million, representing a reduction of over 85% from its all-time high. Unusual Balance: For the first time in recent history, directional long and short positions are nearly equal—a technical condition that is historically unsustainable. Institutional Hedging: The trend shift responds to a massive surge in hedging by venture capital (VC) funds seeking to protect their treasuries. This Wednesday, the derivatives market sounded the alarm. Analysis from WuBlockchain reveals that deployed capital in the Ethena synthetic dollar protocol—a key barometer for bullish leverage demand—has crashed to $791 million. Notably, this decline is occurring even as major asset prices remain relatively stable. Since the Bitcoin “crash” to $60,000 on February 8th, Ethena’s basis position has contracted by more than 60%, dropping from $2 billion to less than $800 million in just one month. The Rise of Hedging and the Death of the Carry Trade Ethena operates by absorbing the excess demand from long traders, executing a large-scale cash-and-carry strategy. However, analyst SoskaKyle points out that this space is now being occupied by “directional shorts” and hedging activities from small-cap projects and Venture Capital firms. This near-perfect parity between longs and shorts is extremely rare. Historically, when the market reached this level of forced neutrality, a violent price movement followed, as negative funding rates forced the closure of arbitrage positions that were no longer profitable. With the RSI of major assets moving in neutral zones and a lack of clear catalysts, the capitulation of “basis traders” suggests the market is at a turning point. If bullish leverage demand returns, the lack of natural counterparts could rapidly catapult prices. Ethena’s metrics suggest the market has been “cleansed” of excess bullish leve

TL;DR: Capital Plunge: Ethena’s deployed capital h

HTX Community Spring Creation ContestHTX DAO Staking LaunchCheck In to Win a 20g Gold BarTL;DR: HIVE will progressively wind down its Bitcoin mining operations in Sweden following tax disputes and sec

TL;DR: HIVE will progressively wind down its Bitcoin mining operations in Sweden following tax disputes and security deposit demands from local authorities. The company will expand its BUZZ High Performance Computing subsidiary in Canada, scaling from 4 MW in Manitoba to 16.6 MW across two provinces. HIVE targets approximately $200 million in annualized contracted revenue from its HPC business by the close of fiscal year in March 2027. HIVE Digital Technologies announced it will progressively wind down its bitcoin hashrate production at its Boden, Sweden facility, as it accelerates its transition toward artificial intelligence infrastructure and high-performance computing. The company attributed the decision to an operational environment deteriorated by enforcement actions and what it described as “erroneous applications of existing tax regulations” by Swedish authorities. According to the press release, HIVE’s Swedish subsidiaries faced the imposition of a security deposit tied to disputed tax assessments, despite holding favorable opinions from several law firms, a top-tier accounting firm, and academics specializing in Swedish VAT. Those conditions undermined the economic viability of the ASIC mining model in the region. The Tax Pressure Accelerating an Urgent Strategic Shift The 7-megawatt data center in Boden will not be dismantled but repurposed. HIVE reported that the facility is being upgraded to Tier-III high-performance computing standards to support enterprise-grade GPU clusters. Construction is underway, and the site is projected to host NVIDIA GB300 architectures designed for AI training and inference workloads. Meanwhile, the BUZZ High Performance Computing subsidiary is expanding across Canada through a strategic alliance with Bell Canada AI Fabric. Capacity will grow from 4 MW in Manitoba to 16.6 MW distributed across two provinces. A new colocation facilit

TL;DR: HIVE will progressively wind down its Bitco

Check In to Win a 20g Gold BarSolana Flashing Mixed Signals: $105 Breakout Or Double-Pair Collapse Ahead? Solana is flashing mixed signals as price tightens beneath key resistance while early signs of

Solana Flashing Mixed Signals: $105 Breakout Or Double-Pair Collapse Ahead?
Solana is flashing mixed signals as price tightens beneath key resistance while early signs of momentum weakness begin to emerge. A clean breakout above $95 could ignite a swift move toward the $100–$105 zone, but fading RSI suggests underlying strength may be weakening.

Pressure Builds As Solana Holds Firm Below Resistance

Solana is tightening just beneath a resistance zone, and the pressure is becoming harder to ignore with each passing move. According to crypto analyst Marcus Corvinus, repeated rejections around the $92–$95 range have not triggered any meaningful breakdown so far. That resilience keeps the bullish structure intact despite multiple tests of resistance.

An ascending trendline is steadily guiding the price higher. Buyers are stepping in earlier on each dip, preventing deeper pullbacks and gradually compressing prices into the resistance zone. Such action is rarely random; rather, it signals that strength is building beneath the surface as accumulation continues quietly.

A clean break and sustained hold above $95 could act as a trigger for momentum to expand rapidly, potentially sending Solana toward the $100–$105 region in a relatively short time. On the flip side, if the ascending trendline gives way, it would open the door for a sharp drop into the $78–$75 demand zone, where buyers may attempt to regain control.

Current conditions indicate a classic squeeze setup, where tightening price action often leads to a strong directional move. Once either side gives in, the resulting breakout or breakdown is unlikely to be gradual.

Rare Divergence: Momentum Breaks On $USDT While $BTC Pair Holds

In a recent analysis, Umair Crypto highlighted an emerging weakness in Solana’s structure, noting that the RSI on the $USDT pair is already fading while the $BTC pair has yet to follow. Once the point of control (POC) at $12,573 breaks, both pairs are l

G: L1 for Mass Adoption & Omnichain Future

Solana Flashing Mixed Signals: $105 Breakout Or Do

On March 22, according to Bloomberg, a lawsuit filed by OpenAI CEO Sam Altman's sister accusing him of sexual abuse has been dismissed. U.S. District Judge Zachary Bluestone of the U.S. District Court

US Court Dismisses Abuse Lawsuit Against Sam Altman

HTX DAO Staking Launch

HTX Community Spring Creation ContestGuess BTC’s rise or fall to win 540 millionMerchant Adoption and Real-World Use Cases Drive BCH Growth Bitcoin Cash continues to grow as more merchants accept BCH 

Guess BTC’s rise or fall to win 540 million

Merchant Adoption and Real-World Use Cases Drive BCH Growth
Bitcoin Cash continues to grow as more merchants accept BCH for payments.
From retail stores to online platforms, Bitcoin Cash is increasingly used for quick, low-cost transactions. Analysts emphasize that real-world utility is critical for the long-term success of BCH, differentiating it from speculative cryptocurrencies.
Support near $230, resistance around $300, with adoption trends suggesting steady long-term growth.
HTX Content Creator Ayesha
#BCH #MerchantAdoption #DigitalCash #CryptoUtility #HTXCommunityMonthlyCreationChallenge
Tag: @justinsuntron @HTX_Molly

Merchant Adoption and Real-World Use Cases Drive B

Ethereum Eyes $2,900 Before Potential Correction Ethereum has been bouncing back above $2,000, and that rebound has boosted bullish sentiment across the crypto market, lifting many altcoins along with

Ethereum Eyes $2,900 Before Potential Correction
Ethereum has been bouncing back above $2,000, and that rebound has boosted bullish sentiment across the crypto market, lifting many altcoins along with it. Even though the market recently experienced a minor correction, the overall uptrend isn’t over yet, especially as bulls have managed to hold support above $2,000.
Analyst’s Take on Ethereum’s Next Moves
Crypto analyst Celal Kucuker shared his view on what could happen next for Ethereum. He looked at key historical levels and concluded that a surge toward $2,900 is more likely than a drop to $1,500 in the near term.
Here’s the reasoning:
Ethereum has previously cleared $3,350, a major resistance level.
During the last crash in February 2026, it dropped to $1,850.
With these two levels behind it, the next important target is around $2,950.
According to the analyst, Ethereum is likely to reach $2,900 first. After that, a correction could bring the price down almost 50% to around $1,500.
Long-Term Outlook
Even with this potential drop, the longer-term picture remains bullish. Once Ethereum hits the bottom near $1,500, it could stage a significant rebound—potentially a 400% surge, pushing it to new all-time highs and eventually reaching $6,100.
In short, the path ahead may include some ups and downs, but the bigger trend could still be very bullish for Ethereum investors.


Ethereum Eyes $2,900 Before Potential Correction E

BTW: Bitcoin-Native L1

HTX Community Spring Creation ContestCheck In to Win a 20g Gold BarG: L1 for Mass Adoption & Omnichain Future DeFi needs a metric for protected capital The following is a guest post and analysis from 


DeFi needs a metric for protected capital


The following is a guest post and analysis from Vincent Maliepaard, Marketing Director at Sentora.

Stablecoins have become a meaningful settlement layer, lending markets continue to expand, and tokenized real-world assets keep growing. Visa said global stablecoin transaction volume rose from more than $3.5 trillion in 2023 to more than $5.5 trillion in 2024. That is not the profile of a niche experiment. It is the profile of infrastructure finding real demand.

The problem is that DeFi still measures itself with a bootstrap metric.

TVL is a misaligned scoreboard

For most of the last cycle, Total Value Locked became the default scoreboard. TVL was useful early because it was simple. It showed that users were willing to move capital onchain. It helped the market track adoption during a phase when the main question was whether people would trust decentralized infrastructure at all. But once the goal shifts from growth to durability, TVL starts to hide as much as it reveals. It measures how much capital entered a protocol, not how well that capital is protected once it gets there.

That distinction matters because exposure is not the same thing as strength.


A protocol can have hundreds of millions in deposits and still be structurally fragile. If those deposits sit on top of weak dependencies, poor oracle design, concentrated governance, or limited safeguards, high TVL does not make the system robust. It simply means more capital is exposed. In that sense, TVL is closer to a gross measure of activity than a true measure of value. It tells you where capital is sitting. It does not tell you whether that capital is secure.

The market has already seen what that looks like in practice.

When a major protocol is exploited, TVL can collapse almost immediately because the number was never measuring defended capital

DeFi needs a metric for protected capital

HTX Community Spring Creation ContestHTX DAO Staking LaunchG: L1 for Mass Adoption & Omnichain FutureWhile the world watches oil prices, one critical Fed cash backstop is almost empty Bitcoin’s real m

While the world watches oil prices, one critical Fed cash backstop is almost empty


Bitcoin’s real macro risk right now is more discreet than simply watching the price of oil. Behind the scenes, a Fed liquidity cushion is nearly gone, and it can quickly become a headwind for Bitcoin's attempt to avoid a deep crypto winter.

On March 19, usage of the Federal Reserve’s overnight reverse repo facility stood at just $0.637 billion. Separately, the Fed’s weekly balance-sheet release for March 18 showed total assets at $6.656 trillion, reserve balances at $2.999 trillion, and the Treasury General Account at $875.833 billion.

As a result, one of the market’s easiest shock absorbers has shrunk to almost nothing.

For much of the last two years, cash could leave the overnight reverse repo facility and move back into bills, repo, bank reserves, or risk assets.

That process did not solve every macro problem, but it softened some of the pressure when the Treasury rebuilt cash, when issuance rose, or when markets had to absorb tighter financial conditions.

That passive release valve has now shrunk to a rounding error. So the next inflation scare, oil-driven repricing, or funding squeeze gets less automatic relief. Pressure can land more directly on reserves, or it can force a more active policy response.

That dynamic sits beneath the week’s focus on oil and the Fed.

Bitcoin sold off this week, dipping below $70,000, while U.S. spot Bitcoin ETFs posted two straight days of outflows totaling $253.7 million, with $163.5 million on March 18 and $90.2 million on March 19.

Crypto traders often talk about “net liquidity,” usually as a shorthand for how the Fed’s balance sheet interacts with the Treasury’s cash balance and the reverse repo pool.

The recent numbers explain why that framework should be back in focus. The balance sheet rose again. Reserves fell. The Treasury’s

While the world watches oil prices, one critical F

WAR: Geopolitical Meme Coin on Solana

Check In to Win a 20g Gold BarA Whale That Previously Held a $538 Million Portfolio Has Begun Accumulating Altcoins Again According to data from the on-chain analytics platform Arkham, thomasg.eth, an

A Whale That Previously Held a $538 Million Portfolio Has Begun Accumulating Altcoins Again
According to data from the on-chain analytics platform Arkham, thomasg.eth, an early investor in the Ethereum ecosystem, has re-entered the buyback program.

According to data, thomasg.eth held approximately $538 million worth of cryptocurrencies, including Ethereum ($ETH), Wrapped Bitcoin (WBTC), and DAI, at the peak of the 2021 bull market. Recent developments indicate that the investor is re-entering the market.

According to on-chain data, the whale in question purchased approximately $3 million worth of $ETH in its latest transaction. This brings its total Ethereum purchases this week alone to $19.5 million.

Arkham’s assessment noted that it is remarkable that large investors have started accumulating $ETH again, stating, “Investors who once held over $500 million worth of crypto assets are now buying again.”

$ETH price has risen by 3.5% in the last week. During the same period, Bitcoin saw a 0.20% decrease.




A Whale That Previously Held a $538 Million Portfo

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