# Capital Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "Capital", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

2025 Tether Financial Analysis: An Additional $45 Billion in Reserves Needed to Maintain Stability

The article analyzes Tether's financial stability in 2025, arguing it functions as an unregulated bank rather than a simple payment operator. It applies a banking regulatory framework (Basel Capital Framework) to assess if Tether holds sufficient capital (its ~$6.8B in excess reserves) to cover potential losses from its asset portfolio. The core issue is whether Tether's total capital is adequate for its risk-weighted assets (RWAs). Its $181.2B in assets are largely in low-risk instruments (~77%), but ~13% is in volatile commodities like gold and Bitcoin. The analysis estimates Tether's RWAs between $62.3B and $175.3B, depending on the conservative treatment of its Bitcoin holdings. Under a baseline scenario, Tether's capital ratio is near minimum regulatory requirements. However, compared to well-capitalized banks, it may need an additional ~$4.5B in capital to support its current $USDT issuance. A more punitive treatment of Bitcoin could imply a deficit of $12.5B-$25B. Tether's counter-argument points to substantial group-level profits and equity (~$20B+), but these are not legally committed to the token entity and are invested in illiquid ventures like mining and AI. The article concludes that the sufficiency of Tether's capital is a complex, structural question without a definitive answer, dependent on asset risk weightings and the firm's willingness to mobilize group resources in a crisis.

marsbitIeri 07:31

2025 Tether Financial Analysis: An Additional $45 Billion in Reserves Needed to Maintain Stability

marsbitIeri 07:31

Why Is It Difficult to Distinguish Between Financialization and Gamblification?

"Financialization and gambling are increasingly difficult to distinguish due to the extreme phase of financialization where speculative activities overshadow productive economic contributions. Wealth becomes tied to asset prices rather than labor, creating a cycle where financialization fuels gambling, and gambling further accelerates financialization. Digitalization and apps like Robinhood have democratized access but also promoted speculative behaviors, such as zero-day options trading. This environment erodes social mobility, as rising asset prices and stagnant wages make traditional wealth accumulation seem impossible. Two natural responses emerge: growing socialist sentiments seeking fairer asset redistribution, and increased gambling as individuals chase rapid wealth. The latter is reinforced by survivor bias on social media, where success stories encourage risk-taking. This cycle diverts capital from productive uses, reduces societal well-being, and creates a negative-sum game where speculation outweighs innovation, ultimately hindering positive-sum outcomes for civilization."

深潮Ieri 08:36

Why Is It Difficult to Distinguish Between Financialization and Gamblification?

深潮Ieri 08:36

Altcoin: The ETF Boom Explodes – XRP, SOL, LTC, HBAR, DOGE, LINK, and the Emergence of New Opportunities

While the spotlight has been on Solana (SOL) ETFs, which have attracted approximately $682 million in inflows, XRP ETFs have quietly surpassed them with $874 million, despite launching later. Simultaneously, a new wave of altcoin ETFs for LTC, HBAR, DOGE, and LINK has entered the market, each recording modest but stable inflows since their debut. Seven separate Solana ETFs have generated $618.62 million in net inflows, holding $915.08 million in assets under management, representing about 1.15% of Solana's market cap. In contrast, four XRP ETFs have attracted $874.28 million, with Canary's XRPC leading at $357 million. The newly launched altcoin ETFs for LINK, HBAR, LTC, and DOGE have collectively seen $133.46 million in net inflows. Grayscale's GLNK attracted $40.90 million, Canary's LTCC (Litecoin) drew $7.67 million, and its HBR (HBAR) ETF recorded $82.04 million. Two DOGE ETFs brought in $2.85 million. This expansion signals a new market phase of diverse choices and intense competition. However, these new altcoin ETFs remain far behind the established Bitcoin and Ethereum ETFs in terms of total capital. Amid this ETF boom, Bitcoin Hyper (HYPER) is emerging as a potential altcoin outside the traditional ETF scope. It's a Bitcoin Layer-2 project built on the Solana Virtual Machine (SVM), combining Solana's speed with Bitcoin's security. Having raised nearly $29 million in its presale, it offers a fixed supply of 21 billion tokens and 40% staking APY, positioning itself to unlock Bitcoin's potential in DeFi.

bitcoinist21 h fa

Altcoin: The ETF Boom Explodes – XRP, SOL, LTC, HBAR, DOGE, LINK, and the Emergence of New Opportunities

bitcoinist21 h fa

Bitcoin's Dormant Capital Has Finally Awakened

Bitcoin, the largest and most secure cryptocurrency, has historically been underutilized, with over 60% of its supply dormant for more than a year and less than 1% engaged in DeFi. While other ecosystems like Ethereum and Solana evolved with smart contracts and vibrant economies, Bitcoin’s largely remained a passive asset due to its security-first architecture, limited scripting capabilities, slow upgrade processes, and cultural conservatism. Previous workarounds—wrapped BTC, federated systems, cross-chain bridges, and sidechains—introduced trust assumptions, custodial risks, and security vulnerabilities, failing to align with Bitcoin’s trust-minimized ethos. Recent breakthroughs are changing this. Innovations like BitVM enable Bitcoin to verify off-chain computations without executing them, allowing for Bitcoin-backed rollups, trust-minimized bridges, and programmable vaults. Upgrades like Taproot have expanded Bitcoin’s capabilities, enabling native assets (e.g., Taproot Assets for stablecoins) and more complex cryptographic structures. New models also allow Bitcoin to earn yield natively—through staking, restaking, and Lightning Network-based liquidity provision—without leaving self-custody. This emerging BTCFi ecosystem comprises infrastructure for secure execution environments, verifiable bridges, yield markets, and Bitcoin-native assets, all without compromising Bitcoin’s core security or self-custody principles. This marks the first time Bitcoin has a financial ecosystem capable of supporting its trillion-dollar market cap, potentially unlocking vast dormant capital and integrating it into a productive, decentralized economy.

深潮7 h fa

Bitcoin's Dormant Capital Has Finally Awakened