# DeFi Articoli collegati

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

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.

bitcoinistIeri 12:03

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

bitcoinistIeri 12:03

Solana Lending Internal Conflict: The Power Struggle Behind Foundation Mediation

Over the weekend, a public dispute erupted between Solana's two leading lending protocols, Jupiter Lend and Kamino. The conflict originated from Jupiter's earlier marketing claims that its lending product featured "risk isolation," implying that different lending pools would not be exposed to cross-contagion in the event of an asset failure. However, after Jupiter Lend launched, the market observed that its design did not align with the conventional understanding of risk isolation. The protocol allows for the rehypothecation (re-use) of collateral across pools to improve capital efficiency, which critics argue creates potential channels for risk contagion. Kamino's co-founder, Marius Ciubotariu, publicly accused Jupiter of misleading users with false advertising and subsequently blocked a migration tool from Kamino to Jupiter Lend. The core of the debate lies in differing interpretations of "risk isolation." Jupiter and its supporters argue their model offers a balanced approach with independent pool configurations, while Kamino and its allies insist that any form of rehypothecation negates true risk isolation and constitutes a failure in disclosure. The dispute drew reactions from key ecosystem players. Multicoin Capital, an investor in Kamino, strongly criticized Jupiter, accusing the team of either incompetence or intentional deception. In contrast, the Solana Foundation President, Lily Liu, called for unity, urging the two projects to focus on growing the overall market share against competitors like Ethereum rather than engaging in internal conflict. The clash is seen as an inevitable result of intensifying competition in a shrinking market. Jupiter Lend has been rapidly capturing market share from the formerly dominant Kamino since its launch. In a tighter, post-market-crash environment where safety is a paramount concern, Kamino seized on a perceived vulnerability in Jupiter's product design to launch a competitive attack. The incident highlights the fierce battle for dominance in Solana's DeFi lending sector.

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Solana Lending Internal Conflict: The Power Struggle Behind Foundation Mediation

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SemiLiquid Unveils Programmable Credit Protocol, Built with Avalanche, Advancing Institutional Credit on Tokenised Collateral

SemiLiquid has launched its Programmable Credit Protocol (PCP) at Abu Dhabi Finance Week 2025, a custody-native infrastructure enabling institutions to access credit using digital and tokenized assets as collateral without transferring them. This breakthrough, developed in Abu Dhabi and backed by a successful pilot with partners including Franklin Templeton, Zodia Custody, and Avalanche, demonstrates enforceable bilateral credit within digital asset custody. The pilot used Franklin Templeton’s tokenized fund BENJI as collateral, allowing yield retention while eliminating counterparty risk. PCP merges traditional finance trust with programmable asset efficiency, addressing legacy inefficiencies in institutional credit. SemiLiquid plans a global rollout and Phase II expansion in early 2026.

TheNewsCrypto22 h fa

SemiLiquid Unveils Programmable Credit Protocol, Built with Avalanche, Advancing Institutional Credit on Tokenised Collateral

TheNewsCrypto22 h fa

Crypto Winter is Near. Is Bitcoin Headed for a Deep Correction?

The cryptocurrency market is experiencing heightened anxiety, with high volatility and talks of a "crypto winter" fueling fears of a deep Bitcoin correction. While some investors are moving to stablecoins, others are looking at infrastructure projects built on Bitcoin. Despite being the foundational asset, Bitcoin's limitations—slow transactions, high fees, and lack of flexible smart contracts—hinder its use in DeFi and mass applications. This has increased interest in Layer 2 solutions. Infrastructure altcoins that aim to transform Bitcoin into a base for financial applications are gaining attention. Projects focusing on modular blockchains, virtual machines, and liquidity bridges are being viewed as potential leaders in the next cycle. Among them is Bitcoin Hyper and its token $HYPER, which positions itself as the first Bitcoin Layer 2 integrating the Solana Virtual Machine (SVM). This project aims to combine Bitcoin's security with Solana's high throughput, offering low latency and minimal fees. Bitcoin Hyper's architecture uses Bitcoin for finality and an SVM layer for real-time transactions and smart contracts. It claims to exceed Solana's performance with sub-cent fees, enabling DeFi, NFT platforms, and gaming applications using wrapped Bitcoin. The project has raised $29 million in its early sale, with on-chain data showing significant "smart money" interest. The $HYPER token features staking with high APY and governance rights. Bitcoin Hyper's goal is to address Bitcoin's core limitations, potentially making it a key infrastructure play that benefits from future Bitcoin growth.

bitcoinist22 h fa

Crypto Winter is Near. Is Bitcoin Headed for a Deep Correction?

bitcoinist22 h fa

Crypto Morning Brief: HashKey Discloses IPO Details, SEC Concludes Two-Year Investigation into Ondo

Crypto Briefing: HashKey Group, the parent company of Hong Kong's licensed exchange HashKey Exchange, has disclosed its public offering details, aiming to raise up to HK$1.67 billion with trading expected to begin on December 17. In regulatory developments, the U.S. SEC has closed its two-year investigation into Ondo Finance without filing charges, continuing a trend of dropped cases under its current leadership. Meanwhile, the CFTC launched a digital asset pilot program allowing Bitcoin, ETH, and USDC as collateral in derivatives markets. Major U.S. bank CEOs are set to meet with senators to discuss crypto legislation, focusing on stablecoin regulations. In other news, Bittensor will undergo its first token halving on December 14, reducing daily TAO issuance to 3,600. Binance confirmed an employee misused internal information for personal gain and has suspended them. MicroStrategy purchased an additional 10,624 BTC, bringing its total holdings to 660,624 BTC. Ripple completed a $500 million share sale with special investor protection clauses. Market commentary included a UAE official calling Bitcoin a key pillar of future finance, while Chinese media warned against risks in currency innovation.

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Crypto Morning Brief: HashKey Discloses IPO Details, SEC Concludes Two-Year Investigation into Ondo

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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.

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Bitcoin's Dormant Capital Has Finally Awakened

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We've Hoarded Trillions in Bitcoin, But Never Use It? That's Changing Now

A significant portion of Bitcoin's trillion-dollar market cap remains dormant, with 61% of coins not moving in over a year and only 0.8% used in DeFi. While other ecosystems like Ethereum and L2s thrive with active use cases, Bitcoin has largely functioned as a passive store of value due to architectural and cultural constraints—prioritizing security over programmability, resisting upgrades, and lacking native interoperability. Previous solutions like wrapped BTC, federated systems, and bridges attempted to unlock Bitcoin’s liquidity but introduced new risks like custodial trust, security vulnerabilities, and reliance on external validators, contradicting Bitcoin’s trust-minimized ethos. However, this is changing with recent breakthroughs. Innovations like BitVM enable Bitcoin to verify external computations without executing them, allowing for Bitcoin-secured rollups and trust-minimized bridges. Upgrades like Taproot facilitate native assets and programmable vaults. New systems now support Bitcoin staking, restaking, and Lightning Network-based yield without requiring custodial wrapping or bridging. This emerging BTCFi ecosystem—comprising infrastructure, asset, and protocol layers—finally allows Bitcoin to participate in a functional economy while preserving its security model and self-custody principles. This could unlock a portion of the dormant capital, significantly impacting the broader crypto landscape.

marsbit13 h fa

We've Hoarded Trillions in Bitcoin, But Never Use It? That's Changing Now

marsbit13 h fa

RWA Weekly Report | US CFTC Launches Digital Asset Collateral Pilot Program, Spot Cryptocurrency Now Trading on CFTC-Registered Exchanges (12.3-12.9)

RWA Market Weekly Summary (Dec 3–9, 2025) The RWA market stabilized this week, with total on-chain Distributed Asset Value rising slightly to $18.44 billion. The number of asset holders increased by 6,130 to 561,558. Stablecoin market capitalization grew to $301.92 billion, with holders surging by 2.06 million to 207.75 million. U.S. Treasury tokenization slightly to $88 billion, while private credit rebounded to $22 billion. Key developments include the U.S. CFTC launching a digital asset collateral pilot program, allowing BTC, ETH, and USDC to be used as margin in regulated derivatives markets. The CFTC also approved spot cryptocurrency trading on its registered exchanges. U.S. lawmakers urged regulators to implement stablecoin rules under the GENIUS Act by July 2026. Meanwhile, former PBOC deputy governor Wang Yongli reiterated China's firm opposition to stablecoins, emphasizing the development of the digital yuan. In Europe, a consortium of banks plans to launch a euro stablecoin in 2026. South Korea's ruling party proposed a stablecoin bill requiring commercial banks to hold at least 51% ownership in issuers. The IMF warned that widespread stablecoin adoption could weaken central banks' monetary control. In project news, the SEC closed its investigation into Ondo Finance without action, and MSX (STONKS) reached a record $2 billion in daily trading volume.

Odaily星球日报8 h fa

RWA Weekly Report | US CFTC Launches Digital Asset Collateral Pilot Program, Spot Cryptocurrency Now Trading on CFTC-Registered Exchanges (12.3-12.9)

Odaily星球日报8 h fa

Where Will the Money for the Next Bull Market Come From?

Where Will the Money for the Next Crypto Bull Run Come From? Bitcoin's sharp decline from $126,000 to $90,000 has caused panic and a liquidity crunch. However, structural tailwinds are emerging: the SEC plans an "Innovation Exemption" rule, the Fed is expected to begin a rate-cutting cycle, and global institutional pathways are maturing. The myth of Digital Asset Treasuries (DATs) is fading. Their buying power is insufficient (under 5% of the crypto market) and they can become net sellers during downturns. The real catalysts are institutional. The end of Fed quantitative tightening and potential rate cuts could inject liquidity. A crypto-friendly Fed leadership could further open the banking system to crypto. The SEC's shifting stance, moving crypto from a "threat" to a regulated asset class, reduces compliance barriers. Three key pipelines could deliver the next wave of capital: 1. **Institutional Entry:** Global Bitcoin and Ethereum ETFs provide a standardized entry point. Mature custody and settlement infrastructure (e.g., from BNY Mellon) enables efficient capital deployment. Even a 1-3% allocation from pensions and sovereign wealth funds would represent trillions. 2. **Real-World Assets (RWA):** Tokenizing traditional assets (bonds, real estate) creates a bridge to TradFi. The RWA market, projected to grow 50x to multi-trillions by 2030, offers massive, stable, yield-bearing assets for DeFi (e.g., MakerDAO's use of U.S. Treasuries). 3. **Infrastructure Upgrades:** Layer 2 solutions reduce costs and speed up transactions for institutional use. Stablecoins, with a $166B market cap and $4T in on-chain volume, have become a pillar for compliant, efficient settlements. The money is expected to arrive in phases: a short-term policy-driven rebound (2025-2026), followed by gradual institutional allocation (2026-2027), and finally long-term structural growth powered by RWA integration (2027-2030). The next bull run will be built not on retail speculation, but on institutional trust and infrastructure.

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Where Will the Money for the Next Bull Market Come From?

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Bitwise: My Highest Conviction Investment in Crypto

Author Matt Hougan, with eight years in crypto, expresses skepticism towards those who claim certainty about which blockchain (e.g., Ethereum, Solana, Bitcoin) will dominate. He believes the future of crypto remains highly uncertain, influenced by regulation, execution, macro conditions, and luck. Instead of betting on individual assets, Hougan invests broadly using a market-cap-weighted crypto index fund. His core conviction is that crypto as a whole will grow 10-20x in importance over the next decade, driven by stablecoins, tokenization, DeFi, and new use cases. He cites a prediction that all U.S. equities could move on-chain, representing massive growth potential. By diversifying, he captures the sector’s upside while avoiding the risk of picking the wrong chain. He recommends index funds as a sound strategy for many investors.

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Bitwise: My Highest Conviction Investment in Crypto

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