# Delay Articoli collegati

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

Promised Year of Crypto IPOs? Only One Went Public in Six Months, Down 70%

The much-anticipated wave of crypto IPOs in 2026 has failed to materialize, with market conditions worsening dramatically. While SpaceX prepares for the largest IPO in history, raising $75 billion at a $1.75 trillion valuation, the crypto sector faces a frozen pipeline. The sole crypto IPO success this year, BitGo, serves as a cautionary tale. After launching on the NYSE in January at $18, its stock has plummeted approximately 70%. Other major contenders have stalled or delayed. Kraken, which secretly filed in late 2025, has put its plans on ice, seeing its valuation drop 33% to $13.3 billion. Consensys has postponed its filing until autumn at the earliest, and Bitpanda is poised to miss its self-imposed H1 deadline for a Frankfurt listing. This widespread retreat is driven by a severe liquidity crunch. Bitcoin has fallen below $60,000, with capital being diverted to AI stocks and the massive SpaceX offering. The poor performance of earlier crypto listings like Gemini and the stagnant price of Coinbase further dampen investor appetite. A key underlying pressure is the impending US midterm elections in November, which could alter the currently favorable regulatory landscape. Companies had hoped to go public during this window of policy certainty, but challenging market dynamics have overridden those plans. The transparency that comes with being a public company is now seen as a potential liability rather than a benefit in a down market. The industry's fate now hinges on a few critical watchpoints: whether Kraken restarts its process in H2, if Consensys files in the fall, and if SpaceX's debut can revitalize market liquidity. Otherwise, the promised "crypto IPO year" will likely be pushed beyond the election.

marsbit2 giorni fa 06:09

Promised Year of Crypto IPOs? Only One Went Public in Six Months, Down 70%

marsbit2 giorni fa 06:09

SemiAnalysis Report Claims Delay in Two Key Technologies, Triggers Sharp Decline in 'Optoelectronics', Sparking Online Debate Over CPO

A report from analysis firm SemiAnalysis, claiming significant delays in two key AI data center technologies, triggered a sharp sell-off in the photonics sector and sparked intense online debate. The report, dated June 10, states that NVIDIA's 800VDC power architecture rollout is pushed to 2028 and CPO (Co-Packaged Optics) mass production is likely delayed until 2028 or even 2029. Following the news, U.S. optical communication stocks fell sharply, with AAOI dropping 17% and Lumentum down about 8%. The delays were attributed to engineering challenges like photonic engine yield and cost-effectiveness, not a disappearance of demand. Simultaneously, an interview with NVIDIA's networking SVP Gilad Shainer presented an opposing, optimistic view, stating CPO is "the most exciting thing" and shipments would begin scaling in the second half of the year. This contradiction fueled debate on social media. Bears pointed to unresolved reliability and maintenance hurdles for CPO. Bulls argued the delay simply redirects capital to interim solutions like traditional pluggable optical modules and NPO (Near-Packaged Optics), extending their revenue runway. Some users questioned the report's internal logic and timing, noting similar views had circulated earlier. Analysts highlighted potential beneficiaries, including companies in the 1.6T pluggable modules, NPO, and 400VDC power transition supply chains. The consensus suggests the market reaction reflects a recalibration of the technology adoption timeline rather than a fundamental weakening of AI infrastructure demand, with key bottlenecks like power, storage, and GPUs remaining unchanged.

marsbit06/10 02:08

SemiAnalysis Report Claims Delay in Two Key Technologies, Triggers Sharp Decline in 'Optoelectronics', Sparking Online Debate Over CPO

marsbit06/10 02:08

Grayscale Reportedly Delays IPO Plans Amid Weak Crypto Market Conditions

Asset management giant Grayscale has reportedly postponed its plans for an initial public offering (IPO) due to weak cryptocurrency market conditions, according to an anonymous source. The Stamford-based firm, a major global crypto asset manager and affiliate of DCG, will not resume IPO efforts until the fourth quarter at the earliest. Grayscale, which confidentially filed for a U.S. IPO in November last year, has entered an SEC-mandated quiet period and declined to comment. The delay reflects a broader cooling of investor enthusiasm for digital asset IPOs. Following a surge of interest in 2019, deteriorating market conditions, reduced trading activity, and disappointing post-listing performances from recent crypto companies have led several prominent firms to postpone their public listings, awaiting more favorable and stable market circumstances.

TheNewsCrypto05/29 11:45

Grayscale Reportedly Delays IPO Plans Amid Weak Crypto Market Conditions

TheNewsCrypto05/29 11:45

Harvard and Others Exit, Six Core Talents Depart in a Month: What's Happening to Ethereum?

Ethereum faces significant internal and external pressures, marked by a wave of high-profile departures from its core development team and a loss of confidence from major institutional investors. Within four months, at least seven key figures—including researchers, protocol leads, and a former executive director—have left the Ethereum Foundation. This exodus, partly triggered by controversy over a new "mission statement" requiring employee sign-off, risks derailing critical roadmap upgrades like PeerDAS and Verkle trees, and has already contributed to delays in the planned Glamsterdam upgrade. Compounding the internal instability, major institutions are reducing their exposure. Goldman Sachs slashed its iShares Ethereum Trust holdings by approximately 70%, and Harvard's endowment fund completely exited its $87 million Ethereum ETF position. Concurrently, the Ethereum Foundation itself has been unstaking and selling ETH for "treasury rebalancing," further unsettling the market. These challenges emerge as Ethereum's competitive dominance erodes. Its share of the total DeFi market has fallen to around 54%, with rivals like Solana and Base gaining ground. In fee revenue, it was recently outpaced by newer chains like Hyperliquid. Furthermore, a trend of institutions exploring proprietary or hybrid blockchains (exemplified by Circle's Arc) threatens Ethereum's position as the premier settlement layer for institutional assets. While founder Vitalik Buterin's vision for Ethereum as a secure, decentralized "technical sanctuary" and "world computer" remains clear, its realization is threatened by the concurrent loss of execution capability, institutional patience, and market share during a critical competitive phase.

链捕手05/20 09:21

Harvard and Others Exit, Six Core Talents Depart in a Month: What's Happening to Ethereum?

链捕手05/20 09:21

First Predictive Markets ETFs Delayed, Wall Street Eyes the New Business

The launch of the first U.S. prediction market ETFs has been delayed following SEC intervention for further review. These novel ETFs, proposed by firms like Roundhill Investments, Bitwise, and GraniteShares, allow investors to trade on the probability of real-world events—such as election outcomes, economic recessions, or industry trends—through traditional brokerage accounts. Instead of holding assets like stocks, these ETFs are based on binary event contracts, meaning investors could face significant, even total, losses if their predictions are incorrect. The SEC's pause is seen not as an outright rejection but as a request for more detailed disclosures. Regulators are seeking clarity on how the products track events, manage settlement risks, and communicate potential extreme losses to retail investors. Analysts suggest the delay represents a careful regulatory review to set a precedent for such innovative products. While the timeline is pushed back, the industry remains optimistic. The focus is now on whether the SEC's concerns are primarily about disclosure or the fundamental nature of the product. Regardless, Wall Street is actively exploring the prediction market space, signaling a broader interest in trading future events as a new asset class.

Odaily星球日报05/18 06:40

First Predictive Markets ETFs Delayed, Wall Street Eyes the New Business

Odaily星球日报05/18 06:40

Has the Winter of Crypto IPOs Arrived? Consensys and Ledger Hit Pause

Crypto IPO Winter Arrives? Consensys and Ledger Hit Pause. Following a boom in 2025, the window for crypto company initial public offerings has narrowed sharply in 2026. Major players like MetaMask developer Consensys and hardware wallet firm Ledger have recently postponed their US listing plans, joining exchange Kraken which paused its process earlier this year. This slowdown follows a strong 2025 where companies like Circle and Bullish went public, raising billions as Bitcoin hit all-time highs. However, in 2026, declining Bitcoin prices and trading volumes have cooled investor risk appetite. Newly listed crypto stocks, including BitGo, have seen significant price drops post-IPO, reinforcing investor caution. The cooling crypto IPO market contrasts sharply with the red-hot AI sector, where companies like SpaceX and OpenAI command massive valuations and investor interest based on "productivity revolution" narratives. Crypto firms, seen as more cyclical and volatile, struggle to compete for capital. The IPO delays are prompting a strategic shift. Companies are focusing on strengthening fundamentals, pursuing private funding, and expanding into more stable revenue streams like institutional services. This phase may accelerate industry consolidation, favoring firms with robust compliance and infrastructure. Analysts suggest a potential second wave of crypto IPOs in late 2026 could depend on a Bitcoin price recovery and clearer regulatory developments.

marsbit05/14 06:31

Has the Winter of Crypto IPOs Arrived? Consensys and Ledger Hit Pause

marsbit05/14 06:31

The DeepSeek You've Been Waiting For Has Long Changed

The article discusses the delayed release of DeepSeek V4, a highly anticipated AI model in China, and explores the reasons behind its slowed development. Initially a leader in the global AI race, DeepSeek has fallen behind competitors like OpenAI, Anthropic, and Google, which release major updates every few months. A key factor is DeepSeek's shift in focus due to national strategic priorities. In early 2025, the Chinese government encouraged the company to use Huawei’s Ascend processors instead of NVIDIA’s GPUs, aligning with broader efforts to achieve technological self-reliance. DeepSeek attempted to train its models on Huawei’s Ascend 910C chips but faced technical challenges, including instability and communication issues during distributed training. As a result, the company continued using NVIDIA hardware for training while only using Ascend chips for inference. In 2026, DeepSeek prioritized adapting V4 to Huawei’s new Ascend 950PR and Cambricon chips, aiming for a full migration from NVIDIA’s CUDA to Huawei’s CANN framework. This adaptation process, particularly ensuring precision alignment across hardware, consumed significant time and resources, slowing down model iteration. The delay also reflects DeepSeek’s evolving role from a purely market-driven entity to a "national mission-oriented" company. This shift has come at a cost: the model now lags behind competitors in areas like code generation and multimodal capabilities, and the company has faced talent drain, with key researchers leaving for better-paying opportunities at larger tech firms. Despite these challenges, V4’s release is seen as a potential milestone for China’s AI industry, demonstrating that advanced models can run on domestic hardware ecosystems. While it may not be a groundbreaking model in terms of performance, its success could validate China’s broader strategy for AI independence.

marsbit04/15 10:32

The DeepSeek You've Been Waiting For Has Long Changed

marsbit04/15 10:32

Crypto Traders On Edge As Korea Stalls Key Law — Is The “Kimchi Premium” At Risk Next?

The National Policy Committee of Korea has delayed the debate on the "second-phase" crypto framework until after the June local elections, creating uncertainty in the industry. The proposed Digital Asset Basic Act was excluded from the legislative agenda, despite its importance in regulating stablecoins and exchange ownership. Two major conflicts are stalling progress: first, a dispute between the Bank of Korea and the Financial Services Commission (FSC) over whether banks must hold a 51% stake in won-denominated stablecoin issuers. The FSC opposes this, arguing it would exclude tech firms and exchanges. Second, there is disagreement over equity caps for crypto exchanges, with proposals to limit major shareholders to 20%, affecting giants like Upbit and Bithumb. The delay leaves KRW stablecoin issuers in a gray zone and increases operational costs. Post-election, a bank-heavy stablecoin framework and tighter rules could favor large incumbents, reshaping market liquidity and altcoin listings. Weakening these rules could signal greater openness for crypto in Korea.

bitcoinist04/03 07:02

Crypto Traders On Edge As Korea Stalls Key Law — Is The “Kimchi Premium” At Risk Next?

bitcoinist04/03 07:02

South Korea’s Bithumb crypto exchange delays IPO until after 2028 – Details

South Korea's Bithumb crypto exchange has postponed its initial public offering (IPO), originally planned for 2027, to after 2028. The delay is described as a strategic decision to maximize corporate value amid evolving regulations, particularly the upcoming Framework Act on Digital Assets expected by the second half of 2026. Bithumb has engaged Samjong KPMG as an IPO advisor and is strengthening internal controls and accounting policies. Shareholders have expressed dissatisfaction over the lack of dividends despite improved performance, contrasting Bithumb with competitor Dunamu. The company defended its capital allocation strategy, prioritizing market share expansion. Financially, Bithumb reported 2025 total assets of ₩3.3249 trillion and liabilities of ₩2.461 trillion. Despite recent operational issues, including a significant accidental Bitcoin transfer, the exchange recorded a trading volume of over $523 million, with on-chain data indicating increased selling pressure. The IPO delay appears aimed at ensuring more favorable market conditions and regulatory clarity.

ambcrypto04/02 23:02

South Korea’s Bithumb crypto exchange delays IPO until after 2028 – Details

ambcrypto04/02 23:02

Crypto Exchange Bithumb Pushes IPO Past 2028 As Cleanup Effort Continues

Bithumb, a major South Korean cryptocurrency exchange, has delayed its initial public offering (IPO) plans to after 2028, a significant postponement from its original 2025 target. The decision follows a year of challenges, including compliance issues, board changes, and a major internal error in February that temporarily displayed over $40 billion in fake user balances. The exchange mistakenly credited users with 2,000 Bitcoin instead of 2,000 won, raising serious concerns about its internal controls. Additionally, Bithumb faced regulatory pressure, including a six-month suspension and a $24 million fine for alleged anti-money laundering breaches. Under renewed CEO Lee Jae-won, the company is now prioritizing the strengthening of its accounting systems and internal governance with advisory firm Samjong KPMG before proceeding with an IPO. This slower timeline contrasts with competitor Upbit, which is reportedly preparing for its own public listing.

bitcoinist04/02 16:01

Crypto Exchange Bithumb Pushes IPO Past 2028 As Cleanup Effort Continues

bitcoinist04/02 16:01

活动图片

Market Analysis

Trading Strategies