# Crypto Related Articles

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

Prediction Markets: An Extended Form of Binary Options?

After observing prediction markets, it is increasingly evident that they share significant similarities with binary options. In many respects, prediction markets can be viewed as an extended form of binary options. Both utilize binary (yes/no) contracts where the price fluctuates between 0 and 1, reflecting the market's consensus probability of an event occurring. For instance, a price of 0.7 indicates a perceived 70% likelihood. At expiration, the contract settles at 1 if the event occurs and 0 otherwise—mirroring the payoff structure of binary options. The core of both systems lies in forecasting binary outcomes and using market prices to estimate event probabilities. They aggregate collective intelligence, allow speculation, and enable risk management. However, differences exist: prediction markets cover a broader range of verifiable events (e.g., weather, elections, or box office results) with flexible timeframes, while binary options are primarily focused on short-term financial asset movements (e.g., stocks or currencies). Additionally, binary options are often more speculative and face stricter financial regulations in regions like the EU and the US. Prediction markets, though currently less regulated (especially in crypto), emphasize accuracy and may eventually come under regulatory scrutiny due to concerns like market manipulation. These distinctions could lead to divergent regulatory and developmental paths in the future.

marsbit12/22 12:05

Prediction Markets: An Extended Form of Binary Options?

marsbit12/22 12:05

Bitcoin Mining Could Be Strengthening The Ruble, Russian Central Bank Says

Russian Central Bank Governor Elvira Nabiullina stated that Bitcoin mining may be providing incremental support to the ruble, though its impact is hard to quantify due to the sector operating in a "gray area." She acknowledged mining as one factor contributing to the strong ruble exchange rate but cautioned against attributing recent ruble strength solely to a surge in mining activity. Russian officials are increasingly viewing crypto-related financial flows as macro-relevant, with some describing mining as a de facto export that influences currency markets outside traditional channels. The central bank is pushing to legalize and regulate the sector to improve oversight and control. Meanwhile, policymakers clarified that cryptocurrencies will not be recognized as legal tender in Russia.

bitcoinist12/22 12:01

Bitcoin Mining Could Be Strengthening The Ruble, Russian Central Bank Says

bitcoinist12/22 12:01

The $45 Million 'Invisible' Hunter: Cat Sister's Trading Evolution

"Pickle Cat," an anonymous crypto trader known by a green cucumber cat avatar, has earned up to $45 million in profits on Binance Futures, topping the platform’s "smart money" leaderboard. In a recent interview, she shared her evolution from high-frequency trading—which she calls "fake hard work"—to low-frequency, low-leverage swing trading. Early on, she realized that her intense, short-term trading underperformed a simple Bitcoin buy-and-hold strategy. Her approach now centers on macro trends rather than technical indicators. She views crypto as highly sensitive to macro liquidity cycles and real interest rates, noting that the market is shifting from retail-driven sentiment to institutional accumulation. She predicts a slow bull market led by institutions, potentially lasting until Q1 2026. Cat emphasizes that discipline isn’t learned but earned through painful experiences like blowups. She advises traders to understand their psychological tendencies—for example, using high pain tolerance to hold winning positions longer. She also highlights narrative shifts in crypto, from ICOs and DeFi to NFTs and memecoins, and sees prediction markets as a promising frontier. Her advice to retail traders is clear: avoid high-frequency or news-based trading, focus on longer-term swings, and accept that small losses are necessary for learning. Ultimately, she defines winning not by profits alone, but by the ability to preserve gains and improve one’s life.

marsbit12/22 11:01

The $45 Million 'Invisible' Hunter: Cat Sister's Trading Evolution

marsbit12/22 11:01

Stablecoins Get A Break? US Lawmakers Propose Tax Relief

US lawmakers have proposed a tax relief draft for stablecoins and crypto rewards. The plan, introduced by Representatives Max Miller and Steven Horsford, includes a safe harbor for regulated dollar-pegged stablecoins, exempting transactions under $200 from capital gains tax to simplify small payments like coffee or tips. Additionally, taxpayers could defer taxes on staking and mining rewards for up to five years, recognizing them as ordinary income afterward. The draft also extends wash sale rules to digital assets and allows mark-to-market accounting for certain traders. It remains a discussion draft and has not yet been formally introduced as legislation.

bitcoinist12/22 10:32

Stablecoins Get A Break? US Lawmakers Propose Tax Relief

bitcoinist12/22 10:32

MEXC Partners With ether.fi To Launch the Enhanced Payment Card With up to 4% Cashback

MEXC has partnered with ether.fi to launch the enhanced MEXC × ether.fi Card, offering users up to 4% instant cashback on purchases globally via Apple Pay or Google Pay. The card provides multiple benefits, including global payment access at over 150 million Visa-accepted locations, flexible crypto spending from ether.fi balances, on-chain asset control, and various top-up options. Cardholders also gain exclusive rewards such as travel perks, DeFi incentives, and additional cashback from referrals. This collaboration aims to advance the spending experience using cryptocurrency, making it more accessible and rewarding for the global crypto community.

TheNewsCrypto12/22 10:18

MEXC Partners With ether.fi To Launch the Enhanced Payment Card With up to 4% Cashback

TheNewsCrypto12/22 10:18

Indonesia lists 29 licensed crypto platforms as big exchanges explore market

Indonesia's Financial Services Authority (OJK) has published a whitelist of 29 licensed cryptocurrency platforms, including major international players like Upbit, to help users identify legally authorized exchanges. The move comes as global firms such as Robinhood and OSL Group expand into Indonesia—one of the world’s fastest-growing crypto markets with over 17 million traders. The list follows stricter regulations (OJK Regulation No. 23/2025) that enhance oversight of digital assets, require prior approval for derivatives trading, and mandate investor knowledge tests. These measures aim to align with international standards and strengthen consumer protection in the rapidly expanding crypto economy.

cointelegraph12/22 09:53

Indonesia lists 29 licensed crypto platforms as big exchanges explore market

cointelegraph12/22 09:53

Commodities Surge, Equities Steady, Crypto Falls Behind In 2025 Market Showdown

The investment landscape of 2025 has delivered an unexpected outcome, with traditional commodities emerging as the clear winners while cryptocurrencies fell to the bottom of performance rankings. Data reveals a strong divergence between asset classes: silver leads with a 130% year-to-date gain, followed by gold (65%) and copper (35%). Equity indices like the Nasdaq and S&P 500 also posted positive returns. In stark contrast, the crypto market is the worst-performing asset class. Bitcoin is down 6%, Ethereum has declined 12%, and altcoins (excluding Ethereum) have plummeted approximately 42%. This marks a dramatic reversal from the mid-year rally, where Bitcoin, Ethereum, and XRP reached new all-time highs. The downturn began with a flash crash in October, leading to Bitcoin's worst Q4 performance in seven years, ultimately erasing earlier gains and cementing crypto's position at the bottom of the 2025 market.

bitcoinist12/22 09:46

Commodities Surge, Equities Steady, Crypto Falls Behind In 2025 Market Showdown

bitcoinist12/22 09:46

Bitcoin's 'Strict Headmaster' Arrives? If He Takes the Helm at the Fed, the Crypto Party Could End Abruptly

The article discusses the potential implications of Kevin Warsh, a former Federal Reserve governor and Wall Street insider, becoming the next Fed Chair. Unlike other candidates like Kevin Hassett, who is seen as favoring lower interest rates and easier monetary policy, Warsh represents a more disciplined approach. Having worked at Morgan Stanley and experienced the 2008 financial crisis firsthand, Warsh is highly sensitive to systemic risks and liquidity issues. Warsh’s policy stance combines aggressive quantitative tightening (QT) with moderate interest rate cuts. He aims to control inflation by reducing the money supply and restoring the dollar’s credibility, while also easing corporate financing costs. This approach could challenge risk assets like cryptocurrencies, which have thrived in an era of abundant liquidity. If appointed, Warsh could bring stricter regulation to crypto, particularly stablecoins, potentially requiring full cash or short-term debt reserves. He opposes a retail central bank digital currency (CBDC) on privacy grounds but supports a wholesale CBDC for interbank settlements. While his policies may pressure crypto in the short term, they could also foster more institutional adoption and real-world asset (RWA) integration in the long run. However, the article notes that political pressures—especially from a Trump administration seeking lower rates and economic growth—could ultimately influence Warsh’s decisions, regardless of his personal beliefs.

Odaily星球日报12/22 09:27

Bitcoin's 'Strict Headmaster' Arrives? If He Takes the Helm at the Fed, the Crypto Party Could End Abruptly

Odaily星球日报12/22 09:27

Buying Seafood with USDT in Vietnam: Has Web3 Truly Achieved Mass Adoption?

In Vietnam, a country consistently ranked among the top in global cryptocurrency adoption, the author explores whether Web3 and crypto payments have achieved mass adoption beyond reports and whitepapers. During a two-week trip, the author avoided formal industry events and instead tested crypto payments in everyday scenarios like spas, street food stalls, and taxi rides. Key observations include: - Many local merchants prefer cash over international cards due to high fees and tax avoidance, creating an opening for stablecoins like USDT. - Using Bitget Wallet, the author successfully paid via VietQR—Vietnam’s ubiquitous payment QR system—at many locations, with transactions feeling nearly as seamless as Alipay. - However, a failed payment at a seafood restaurant revealed compatibility issues between crypto wallets and older, non-standard QR systems, highlighting remaining technical barriers. - Public perception of crypto remains mixed: in northern cities like Hanoi, it is often associated with crime and gambling, while southern hubs like Ho Chi Minh City show more enthusiasm, with young people trading or developing crypto projects in cafes. - Despite low visible crypto infrastructure (e.g., few Bitcoin ATMs), underlying adoption is significant, driven by a young, tech-savvy population eager for financial mobility. The author concludes that Vietnam’s combination of demographic youth, high mobile internet use, and informal financial vitality makes it a fertile ground for Web3 growth, though real-world usability and cultural acceptance vary widely. The journey continues into southern Vietnam for deeper exploration.

深潮12/22 08:50

Buying Seafood with USDT in Vietnam: Has Web3 Truly Achieved Mass Adoption?

深潮12/22 08:50

PARITY Act Explained—House Lawmakers Propose New Crypto Tax Rules

A bipartisan group of U.S. House lawmakers has introduced the draft PARITY Act, aiming to modernize crypto taxation. A key provision creates a de minimis exemption for small gains or losses from everyday transactions using regulated, dollar-pegged stablecoins, treating them similarly to foreign currency. The bill also proposes extending stock market wash-sale rules to digital assets to prevent investors from claiming tax deductions on quick buy-backs. It includes measures on mark-to-market accounting, constructive sales, and clearer rules for staking, mining, and crypto lending to defer income recognition. The goal is to provide clarity and an even playing field without creating new loopholes.

ccn.com12/22 08:19

PARITY Act Explained—House Lawmakers Propose New Crypto Tax Rules