# Capital Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Capital", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Bitcoin’s January rally comes to a halt, but liquidity signals could save it again

Bitcoin's January rally paused after reaching a local high of $94.7k, with a slight retracement to $92.5k. Analysts had anticipated a possible pullback toward $80.6k due to liquidation levels above $94.5k and below $84k. Despite short-term downside risks, liquidity indicators remain constructive. Stablecoin inflows and a falling BTC price in December boosted buying power, with the ratio recovering in January suggesting capital deployment. Net capital flows turned weakly positive by early January, with realized profits slightly exceeding losses. The profit/loss ratio rose to 1.78, and declining BTC supply coupled with strong ETF inflows support potential gains in the coming weeks. Bitcoin is up 6% in January, though December's losses haven't been fully offset.

ambcrypto01/07 06:01

Bitcoin’s January rally comes to a halt, but liquidity signals could save it again

ambcrypto01/07 06:01

Curve Governance Upheaval: 17 Million CRV Funding Proposal Rejected, Capital Entities Become New Decision-Making Core

A significant governance proposal within the Curve DAO, requesting 17 million CRV in funding for development team Swiss Stake AG, was recently rejected. Major veCRV holders, including Convex and Yearn, voted against the proposal, effectively blocking its passage. The rejection reflects two key concerns within the community: a demand for greater transparency and accountability regarding the use of previous grants and future spending plans, and a reluctance from large token holders to dilute the value of their veCRV holdings without a clear, direct return on investment. The article highlights a shift in DeFi governance, moving away from a model of automatic funding approval. It contrasts the veToken model, used by Curve, with standard governance systems. The ve model binds voting power to long-term token lock-ups, attracting capital-heavy players focused on long-term gains. This, combined with the prevalence of vote-aggregating protocols like Convex, is centralizing decision-making power with large capital providers rather than the broader community or even project founders. The outcome of this vote suggests that future governance power in Curve may lie primarily with these major stakeholders.

marsbit12/26 16:03

Curve Governance Upheaval: 17 Million CRV Funding Proposal Rejected, Capital Entities Become New Decision-Making Core

marsbit12/26 16:03

Global liquidity hits $157T – But the crypto market remains cautious

Global liquidity has reached a record $157 trillion, yet the cryptocurrency market remains in a bearish phase with over $1.37 trillion in losses. Despite the abundance of capital, investors are adopting a cautious approach, prioritizing stability through assets like gold and stablecoins. While regulatory changes such as the eSLR adjustment could free up billions and potentially benefit risk assets like Bitcoin, the current Financial Stress Index suggests it is not an ideal time to accumulate crypto. A market rebound is possible but not imminent, as isolated capital has yet to significantly impact crypto valuations.

ambcrypto12/24 16:03

Global liquidity hits $157T – But the crypto market remains cautious

ambcrypto12/24 16:03

Believing in the Capital Market: The Essence and Core Value of Cryptocurrency

The article "Believing in the Capital Market: The Essence and Core Value of Cryptocurrency" argues that the true foundation of the crypto industry is not technological utility or capital manipulation, but faith and consensus, forming what the author terms a "faith capital market." The author posits Bitcoin as a modern religion, drawing parallels to traditional faiths: it has a creator (Satoshi Nakamoto), a foundational text (the whitepaper), core tenets (e.g., the collapse of the modern financial system). However, its key differentiators are its decentralized consensus formation, internet-native propagation through memes, and a unique system where acts of "faith" like running a node or holding BTC are rewarded with both spiritual and material gains (price appreciation). The piece explores the double-edged sword of secularization. While it expands influence (like Christmas for Christianity), in crypto, it attracts speculators who dilute the core faith, leading to industry-wide "narrative failure" and a loss of purpose. The author critiques the industry's "technology myth," arguing that the relentless pursuit of faster blockchains with more utility is a self-destructive distraction from crypto's core value: decentralized consensus on value. The proposed savior is not more technology, but meme coins—or more accurately, "faith assets." True faith assets, like $SPX or $NEET, are not mere jokes; they are new religions with clear doctrines that galvanize communities around shared beliefs, mirroring Bitcoin's original role. The author concludes that the market's essence is this faith capital, and its future resurgence depends on recognizing and nurturing these belief-based assets, not on technological specs. The piece is a call to return to the foundational belief that value is derived from collective, decentralized consensus.

marsbit12/23 07:22

Altcoin market bleeds 36% as capital hides in BTC – What changes next?

The altcoin market has experienced a significant decline, with Total2 falling approximately 36% since early October, and smaller altcoins dropping nearly 46% in three months. Market breadth reflects this stress, with only about 3% of altcoins on Binance trading above their 200-day moving average. Altcoin dominance has hit a five-year low as capital shifts to Bitcoin, which continues to attract inflows due to its liquidity and perceived stability. This risk-averse behavior has resulted in brief, low-volume altcoin rallies with limited follow-through. Looking ahead, a macro catalyst may emerge as the Federal Reserve injects $6.8 billion into markets this week, bringing total recent injections to around $38 billion. If this eases financial conditions, Bitcoin is likely to benefit first, with altcoins potentially following if risk appetite returns. While continued weakness is possible, a slow recovery may occur, with 2026 eyed as a potential turnaround year, possibly led by Ethereum as a harbinger of altseason.

ambcrypto12/22 20:02

Altcoin market bleeds 36% as capital hides in BTC – What changes next?

ambcrypto12/22 20:02

Crypto may enter insurers’ portfolios as Hong Kong reviews capital rules

The Hong Kong Insurance Authority is proposing to allow insurance companies to allocate capital to cryptocurrencies and infrastructure projects. Under the proposal, crypto investments would be subject to a 100% risk charge, requiring insurers to hold regulatory capital equal to the full value of their crypto holdings. The move is part of a broader review of the risk-based capital regime to support the industry and economic development. This follows a global trend, as the EU has proposed similar capital rules, and insurers like MassMutual and Allianz have already made crypto investments. Hong Kong has been actively developing its crypto regulatory framework, including stablecoin rules and a fintech strategy focused on tokenization, despite mainland China's continued restrictions on crypto activities.

cointelegraph12/22 12:41

Crypto may enter insurers’ portfolios as Hong Kong reviews capital rules

cointelegraph12/22 12:41

Founder's Playbook: Story is Leverage, No Product is Just Self-Indulgence

Founder's Playbook: Story as Leverage, No Product is Just Self-Indulgence Many marketing efforts in crypto fail because founders don't know how to "tell stories." A story is the lasting impression a brand leaves—it's the emotional resonance and mindshare accumulated over time. Examples include Apple's "Think Different" and Nike's "Just Do It." Founders often mistake media exposure, event sponsorships, or investor announcements for storytelling. But these are not stories. True storytelling requires careful cultivation and cannot be entirely outsourced. In the attention economy, storytelling has been reduced to algorithmic dopamine hits, but it remains a powerful form of leverage. Visionaries like Masayoshi Son, Elon Musk, and Steve Jobs used stories to drive capital formation and emotional engagement. However, storytelling without a product is overvalued. Viral marketing may create buzz, but without a usable, sustainable product, it ultimately fails. In crypto, many projects generate hype on social media but offer users no clear utility, often confusing them with jargon. Token price, functionality, and use cases should each tell different stories through appropriate channels. Effective storytellers—like those at Hindenburg Research or Packy McCormick—can influence markets and amplify capital. But a great story without a product, or a great product without a story, will eventually fail. Both must intertwine to create lasting impact. Storytelling is a skill that requires time, taste, and practice. Founders should engage with creative communities, support artists, and explore unrelated interests to find inspiration. The audience is forgiving—if you provide value, they will listen.

marsbit12/21 04:37

Founder's Playbook: Story is Leverage, No Product is Just Self-Indulgence

marsbit12/21 04:37

‘Capital Is Moving, Not Leaving’: What Japan’s Crypto Market Stands To Gain

The crypto market is facing uncertainty and selling pressure, with Bitcoin struggling above $90,000 and Ethereum showing volatility. However, analysis by XWIN Research Japan indicates capital isn't exiting but shifting form. The total supply of ERC20 stablecoins has reached near all-time highs at $160 billion, suggesting funds are moving into stablecoins as "waiting liquidity" within the ecosystem, poised for redeployment when market direction becomes clearer. This behavior has positive implications for Japan’s crypto market. Improving regulatory clarity and tax frameworks may attract cautious domestic capital back, boosting local market depth and Japan’s global role. The yen-denominated stablecoin JPYC is key, serving not only for trading but as infrastructure for real economic applications like Web3 services and payments. The overall crypto market cap is testing critical support at the $2.9-$3.0 trillion zone, having been rejected from the $4 trillion level. While the long-term trend remains intact above the 2022-2023 base, the market is in a corrective phase. Holding current support is crucial to avoid a deeper retracement.

bitcoinist12/20 04:02

‘Capital Is Moving, Not Leaving’: What Japan’s Crypto Market Stands To Gain

bitcoinist12/20 04:02

Web3 Inside and Outside the Great Wall: The Triple Impact and Solutions for Chinese Entrepreneurs

Chinese Web3 entrepreneurs, once dominant in the crypto industry with leading exchanges and mining ventures, have seen their global influence decline significantly since the DeFi Summer of 2020. This shift stems from three major challenges: stringent regulatory crackdowns in China, which dismantled local ecosystems and forced migration overseas; a structural bias in venture capital favoring Western projects due to compliance advantages and better exit opportunities; and a mismatch in skill sets, as many Chinese developers excel in B2C applications rather than the infrastructure-focused B2B nature of recent Web3 development. While culturally diverse founders like Hyperliquid’s Jeff Yan show that Chinese-background innovators can still succeed, they often do so by integrating into Western cultural and operational frameworks. The future of crypto entrepreneurship will depend less on geographic origin and more on cross-cultural collaboration, long-term technical commitment, and adaptive resilience in a rapidly evolving regulatory landscape.

marsbit12/17 09:04

Web3 Inside and Outside the Great Wall: The Triple Impact and Solutions for Chinese Entrepreneurs

marsbit12/17 09:04

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12/09 01:34

Bitcoin's Dormant Capital Has Finally Awakened