# 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.

ORE Surpasses 3 Million SOL Deployed For Mining Since V3 Launch

ORE has surpassed 3 million SOL deployed for mining since its V3 launch, marking a significant milestone in Solana DeFi. Unlike simple staking, its model requires users to actively deploy SOL to participate, creating a distinct capital dynamic. This highlights ongoing innovation on Solana, attracting serious participation despite market conditions. However, the sustainability of this capital-intensive model remains a key question, as high deployment figures do not guarantee long-term organic demand. For traders, the core issue is whether this growth represents durable protocol utility or a short-lived capital rush. While the milestone is impressive and signals positive experimentation on Solana, it warrants deeper scrutiny into user retention and incentive structures rather than serving as a standalone trading signal.

bitcoinist06/30 03:56

ORE Surpasses 3 Million SOL Deployed For Mining Since V3 Launch

bitcoinist06/30 03:56

The Strategy That Would Never Sell Bitcoin Opened a Permanent Sales Channel

MicroStrategy, a company long known for its "never sell Bitcoin" mantra, announced a "Digital Credit Capital Framework" allowing it to sell up to $1.25 billion worth of Bitcoin. Surprisingly, its stock (MSTR) rose nearly 7% pre-market. This shift, coming just a month after a small, "ad-hoc" sale of 32 BTC for dividends, transitions from a temporary action to a formal, institutional tool. The framework outlines four clear purposes for potential sales: bolstering USD reserves, paying preferred stock dividends/interest, and repurchasing its own preferred and common stock. The key driver for this change is the immense financial pressure from MicroStrategy's complex capital structure, specifically its massive $8.5 billion perpetual preferred stock (STRC). STRC features a variable interest rate that has been reset upward eight times in a year to 12% in an attempt to stabilize its price. However, the stock has fallen over 25% below its face value. Combined with other preferred stocks and convertible notes, MicroStrategy's total annual fixed obligations now stand at $1.76 billion, equating to a daily burn of roughly $4.8 million. While its $2.55 billion in USD reserves and the new $1.25 billion BTC sales framework provide a two-year+ runway, a dangerous feedback loop exists. Falling Bitcoin prices would force the sale of more BTC to meet fixed obligations, potentially creating further sell-side pressure and lowering MSTR's asset valuation multiple. This, in turn, limits its ability to raise cash through stock issuance. The market's positive reaction likely stems from relief; the framework replaces fears of a forced, disorderly sell-off with a structured plan. However, it does not resolve the underlying high-cost capital structure, leaving the company's long-term health heavily dependent on Bitcoin's price performance.

marsbit06/30 02:43

The Strategy That Would Never Sell Bitcoin Opened a Permanent Sales Channel

marsbit06/30 02:43

Crypto Decouples From Stock Records as DOGE and HYPE Lead Weekly Losses While AI Stocks Rise

Crypto markets decoupled from U.S. equities as major stock indices hit record highs, while digital assets like Dogecoin (DOGE) and Hyperliquid's HYPE token led weekly losses. This divergence highlights a potential capital rotation from speculative crypto assets towards AI-linked stocks. The development is significant for traders assessing whether crypto's current environment is driven by genuine adoption and fundamentals or short-term speculation. While Bitcoin remains a sentiment anchor, altcoins are increasingly judged on their own metrics like usage and developer activity. The sustainability of this trend will depend on follow-up data, liquidity flows, and whether it represents an isolated event or the start of a broader market theme.

bitcoinist06/27 21:36

Crypto Decouples From Stock Records as DOGE and HYPE Lead Weekly Losses While AI Stocks Rise

bitcoinist06/27 21:36

Crypto Miners' Big AI Gamble: Valuations Enter Differentiation Stage, Comeback Fight Proves Tough

Crypto Mining Firms' AI Bet: Valuation Divergence and a Challenging Transformation Facing declining profitability in crypto mining, mining companies are pivoting to AI infrastructure, capitalizing on their existing power resources, land, and data center expertise to offer GPU compute power. This transition narrative has boosted their stock prices significantly, with firms like Hut 8 and Bitfarms seeing gains over 100% year-to-date, far outpacing Bitcoin. This has led to a market valuation split, with pioneers like CoreWeave reaching a $62.8B market cap, while others remain below $5B. The market currently prioritizes growth potential over short-term profits, which remain under pressure due to heavy capital expenditures for AI build-outs and crypto asset volatility. However, the transformation is a high-stakes gamble. Bitcoin mining profitability is shrinking, with the average production cost around $63,707 and miner margins contracting. While AI offers a more lucrative long-term path, it requires massive investment—estimated at a $500B near-term funding gap. Success now hinges on execution: delivering on contracted power capacity, securing quality tenants like major cloud providers, and managing the immense financial burden. The valuation focus is shifting from mere power capacity to project delivery, future cash flows, and tenant quality, making this a difficult but critical turnaround attempt.

链捕手06/20 03:28

Crypto Miners' Big AI Gamble: Valuations Enter Differentiation Stage, Comeback Fight Proves Tough

链捕手06/20 03:28

Mining Companies' High-Stakes Bet on AI: Valuations Enter a Phase of Divergence, Uphill Battle Ahead

Crypto miners are facing increasing pressure amid weak digital asset markets, pushing many to pivot towards AI infrastructure as a new growth avenue. Leveraging existing assets like power resources, land, and cooling systems, miners can convert facilities for AI compute at lower costs. This transition narrative has fueled significant stock rallies, with some miners' shares outperforming Bitcoin year-to-date. Market valuations have diverged, with pioneers like CoreWeave reaching a multi-billion dollar valuation, while others lag. The shift is driven by AI's explosive demand for data centers and compute, with clients willing to pay premiums for power and space. However, the transformation is capital-intensive, requiring massive funding for GPU procurement and facility upgrades, with an estimated short-term funding gap of $50 billion. Miners are raising capital through convertible bonds, Bitcoin sales, and securing long-term AI contracts to finance the build-out. While AI offers greater long-term potential than mining, success hinges on execution, timely project delivery, and securing quality tenants, moving the valuation focus from power capacity to cash flow and return metrics.

marsbit06/20 02:10

Mining Companies' High-Stakes Bet on AI: Valuations Enter a Phase of Divergence, Uphill Battle Ahead

marsbit06/20 02:10

As Capital Rotates From Crypto to AI, Zoomex Traders Already Have Access to Both

Zoomex, a crypto derivatives exchange, launches Zoomex Stocks, a tokenized equities trading solution that allows users to access both AI/semiconductor stocks and crypto from a single Unified Trading Account. This comes as institutional capital rotates from crypto (with Bitcoin ETFs seeing outflows) toward surging AI equities. The product offers 12 tokenized U.S. stocks/ETFs (like TSLAx, NVDAx, QQQx) backed 1:1 by real assets via the xStocks model. Key benefits include 24/7 trading with USDT, no separate brokerage account, a flat 0.50% fee, near-instant on-chain settlement, and no geographic restrictions. It enables crypto-native traders to seamlessly diversify into traditional high-growth equities without leaving the Zoomex platform.

TheNewsCrypto06/18 08:23

As Capital Rotates From Crypto to AI, Zoomex Traders Already Have Access to Both

TheNewsCrypto06/18 08:23

7 Key Questions Regarding 'DeepSeek Completes Over 50 Billion Yuan in Financing'

DeepSeek, the prominent Chinese AI company, has reportedly completed its first external funding round, raising over 50 billion RMB (approximately $6.9 billion USD), according to foreign media reports. This financing values the company at over $50 billion USD, a significant increase from a $10 billion valuation when the round began in April 2026. Founder Liang Wenfeng personally contributed 20 billion RMB, with other investors including Tencent, CATL (Contemporary Amperex Technology), JD.com, NetEase, and IDG Capital. Notably, the National Artificial Intelligence Industry Investment Fund also participated with a direct investment of 1 billion RMB. The funding round is distinctive for its structure. Most investors' capital is channeled into a limited partnership controlled by CEO Liang Wenfeng, rather than directly into DeepSeek. These investors face a five-year lock-up period, have no voting rights, but receive priority financial information and future investment rights. This arrangement is seen as a measure to ensure Liang's absolute control over the company's direction, aligning with its stated principles of prioritizing groundbreaking AGI (Artificial General Intelligence) research over short-term profitability. The report highlights strategic reasons for key investors. Tencent's involvement is viewed as a strategic alignment, building on existing collaborations. CATL's investment is linked to the critical energy and power infrastructure needed for AI data centers, a key growth area for the battery giant. The participation of a state-backed fund underscores the national strategic importance of AI development. Post-funding, DeepSeek is expected to accelerate infrastructure development, including building its own data centers, hire more talent, and release new model versions with enhanced capabilities like image and audio support. While this marks a major step, the company's long-term journey towards AGI remains a challenging path that will require balancing its foundational ideals with the expectations of its new investors.

marsbit06/16 10:28

7 Key Questions Regarding 'DeepSeek Completes Over 50 Billion Yuan in Financing'

marsbit06/16 10:28

After Tokenization of Assets, How to Exit?

Title: How to Exit After Asset Tokenization? Author: Symbiotic Compiled by: Hu Tao, ChainCatcher Summary: Tokenization addresses how assets go on-chain but largely leaves the redemption question unresolved. While tokenized assets can settle instantly, the underlying redemption for assets like treasuries, private credit, or real estate can take from T+1 to 180 days. This gap hinders DeFi adoption of Real World Assets (RWAs). Three emerging models aim to provide instant exit liquidity, differing primarily in their capital structure and efficiency: 1. **Balance Sheet Model (e.g., Grove Basin):** A single entity (like Sky) provides immediate liquidity from its balance sheet, acting as a bridge during the settlement period. It offers simplicity and deep initial liquidity but is constrained by a single entity's capacity and risk appetite. 2. **Asset-Specific Vault Model (e.g., Upshift Clear):** Independent liquidity providers fund dedicated vaults for each supported asset, earning fees. It decentralizes capital sources but isolates liquidity and capital per asset, leading to potential fragmentation. 3. **Shared Liquidity Layer Model (e.g., Symbiotic Liquid Lane):** A shared capital pool supports multiple RWA types simultaneously. Funds remain productive between redemptions (e.g., earning yield in lending markets). Exits are settled via a competitive RFQ market. This model aims for higher capital efficiency, scalability across assets, and serves longer-duration assets like private credit. Key differentiators are: 1) Source of capital and risk bearer, 2) Redemption pricing mechanism, 3) Capital efficiency, 4) Scalability to new asset types, and 5) Composability. The shared liquidity layer model represents a move from piecemeal solutions toward scalable infrastructure, enabling T+0 exits by pooling capital, maintaining yield, and using competitive pricing, thus enhancing RWA utility in DeFi.

marsbit06/16 06:09

After Tokenization of Assets, How to Exit?

marsbit06/16 06:09

Microsoft CEO's Lengthy Post: Two Types of Capital in the Future, Human Capital + Token Capital

Microsoft CEO Satya Nadella published a long essay titled "A frontier without an ecosystem is not stable," expressing deep concerns about the future of enterprises in the AI-driven economy. He argues that AI is fundamentally changing competition by enabling models to absorb and commodify human expertise, potentially allowing a few dominant AI systems to capture disproportionate economic value. To counter this, Nadella introduces the concepts of "Human Capital" (employee knowledge, judgment, creativity) and "Token Capital" (proprietary AI capabilities). He emphasizes that these two forms of capital must create a compounding "learning loop" within organizations, where human guidance drives AI improvement and accumulated institutional knowledge becomes a key competitive advantage. Nadella warns against a future where industries are hollowed out by a few AI models, similar to past outsourcing waves. Instead, he calls for building a diverse AI ecosystem where every company can innovate, retain control over its intellectual property, and ensure value flows broadly across the economy.

marsbit06/15 05:14

Microsoft CEO's Lengthy Post: Two Types of Capital in the Future, Human Capital + Token Capital

marsbit06/15 05:14

European Blockchain Convention returns to Barcelona as institutional capital moves to the centre of the digital asset market

The European Blockchain Convention (EBC) returns to Barcelona for its 12th edition on 16–17 September 2026. With institutional capital now central to the digital asset market following ETF approvals and MiCA regulation, the event focuses on execution—identifying the platforms and infrastructure that will define the next institutional layer. EBC12 will convene over 6,000 attendees, including firms like BlackRock and Bitwise, for discussions on regulatory convergence, institutional capital allocation, tokenization of real-world assets, stablecoins, and the role of AI. Positioned as Europe's Digital Asset Marketplace, EBC facilitates crucial pan-European dialogue among asset managers, banks, and policymakers in a fragmented regional landscape.

marsbit06/11 09:40

European Blockchain Convention returns to Barcelona as institutional capital moves to the centre of the digital asset market