# Liquidity Related Articles

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

Fragmentation drains up to $1.3B a year from tokenized assets: Report

Fragmentation across blockchain networks is causing significant economic drain in the tokenized asset market, with inefficiencies costing up to $1.3 billion annually, according to a report from RWA.io. The lack of interoperability traps liquidity and prevents capital from moving freely, causing identical or economically equivalent real-world assets (RWAs) to trade at price differences of 1% to 3% across different chains. These inefficiencies hinder arbitrage and price discovery. Additionally, moving capital between chains results in transaction losses of 2% to 5% due to fees, slippage, and operational risks. If unresolved, these issues could escalate to $30–75 billion in annual losses as the tokenized RWA market grows to an estimated $16–30 trillion by 2030. Despite these challenges, tokenized assets continue gaining adoption, with recent moves by companies like Securitize and Coinbase to launch onchain stock trading.

cointelegraph12/19 09:53

Fragmentation drains up to $1.3B a year from tokenized assets: Report

cointelegraph12/19 09:53

Highest Interest Rate in 30 Years! With the Bank of Japan's Gradual Hawkish Signals, Where Are Risk Assets Headed?

The Bank of Japan (BOJ) raised its policy rate by 25 basis points to 0.75% on December 19, 2025, marking the highest level since 1995 and its second hike this year. The unanimous decision was widely anticipated by markets. BOJ Governor Kazuo Ueda emphasized a data-dependent approach to future hikes, noting that rates remain below neutral levels. Market reaction was muted: USD/JPY rose slightly, Japanese government bond yields edged up, the Nikkei 225 gained, and Bitcoin surpassed $87,000. Strong economic fundamentals supported the move, including persistent inflation above the 2% target and robust wage growth. Analysts are divided on the timing of further hikes, with some expecting another increase in mid-2026. The end of Japan’s ultra-loose monetary policy may signal a turning point for global liquidity, potentially impacting risk assets. The yen carry trade, a key source of cheap funding for global investments, could unwind gradually, increasing volatility in equities and cryptocurrencies. While some fear significant market corrections, others argue that expectations are already priced in. The BOJ may also begin unwinding its ETF holdings as early as 2026, adding to potential market pressure.

marsbit12/19 09:21

Highest Interest Rate in 30 Years! With the Bank of Japan's Gradual Hawkish Signals, Where Are Risk Assets Headed?

marsbit12/19 09:21

From U.S. Stocks to On-Chain: The Next Structural Opportunity Is Brewing

The article discusses the potential impact of tokenized US stocks on the cryptocurrency market, arguing against the view that tokenized equities will entirely drain liquidity from the crypto space. While acknowledging that some crypto funds may flow into tokenized stocks, the author emphasizes that asset tokenization (including stocks, bonds, and gold) could significantly increase on-chain asset volume. This, combined with crypto’s composability and potential improvements in scalability and privacy, may lead to an explosion in on-chain transactions—attracting not only crypto-native funds but also traditional stock market participants. The piece suggests that tokenized assets won’t remain static on-chain; instead, they will interact with DeFi, derivatives, prediction markets, and other crypto-native applications. This could create new opportunities and even new sectors, similar to how perps and prediction markets emerged in previous cycles. Although the era of broad "altcoin seasons" may be over, high-quality crypto projects—especially those in infrastructure like DeFi, oracles, privacy, digital identity, and wallets—could still thrive. The convergence of tokenized traditional assets and crypto composability might spark innovative combinations, such as crypto AI agents or new financial instruments. Ultimately, the author believes that the next cycle will bring new "version winners," distinct from past cycles, and that while the wild west of crypto is fading, significant opportunities remain for innovative projects that leverage on-chain liquidity and composability.

比推12/19 06:15

From U.S. Stocks to On-Chain: The Next Structural Opportunity Is Brewing

比推12/19 06:15

When U.S. Stocks Go On-Chain, Who Will Become the 'Version Prodigy' of the Next Cycle?

The tokenization of US stocks on-chain is not a one-sided threat that will drain liquidity from the crypto ecosystem, but rather a development that could significantly expand the overall on-chain economy. While some crypto-native funds may flow into tokenized traditional assets like stocks, bonds, and gold, the inverse is likely: new capital from traditional markets may also enter crypto due to increased accessibility. The composability of on-chain finance could lead to an explosion in decentralized exchanges, perps, prediction markets, and new hybrid applications. This may create entirely new crypto-native sectors, similar to how previous cycles introduced innovative categories like DeFi and perpetual futures. Although the era of broad-based “altseason” is over, high-quality crypto projects—especially those in infrastructure such as L1/L2 chains, oracles, privacy tech, digital identity, and wallets—will continue to see demand. The next cycle may produce new “version winners”: projects that leverage composability, attract external liquidity, and offer unique value not found in traditional finance. While returns may be harder to achieve compared to earlier cycles, crypto remains a space for financial innovation and asymmetric opportunities. The next breakthrough may come from unexpected places—perhaps from those building quietly today.

marsbit12/19 06:08

When U.S. Stocks Go On-Chain, Who Will Become the 'Version Prodigy' of the Next Cycle?

marsbit12/19 06:08

$8T debt rollover – Why 2026 could be Bitcoin’s breakout year

Macro volatility and a surging U.S. debt are creating a challenging environment for risk assets in 2025, making it more bearish for crypto compared to 2024. The U.S. debt has reached a record $38 trillion, with a debt-to-GDP ratio of 124.3%, the highest in four years. This has weakened the dollar, dropping 9.16% YTD, adding inflationary pressure. A key factor is the upcoming $8 trillion debt rollover from the pandemic era. With higher interest rates, refinancing will be costly, likely forcing the Fed to inject liquidity into the system. This expectation, echoed by Trump’s comments on lower rates, sets a bullish stage for Bitcoin. Given these macro trends—record debt, a pressured dollar, rising inflation, and anticipated Fed action—Bitcoin could see a major breakout by Q2 2026, fueled by increased liquidity and favorable macroeconomic conditions.

ambcrypto12/19 05:01

$8T debt rollover – Why 2026 could be Bitcoin’s breakout year

ambcrypto12/19 05:01

MYX drops 11% as liquidity dries up – Can bulls defend THIS support?

MYX Finance's price dropped 11% amid a significant decline in liquidity and investor confidence. On-chain data shows Total Value Locked (TVL) fell by $1.16 million to $22.64 million, driven by a 99.37% collapse in protocol earnings since October. Perpetual traders turned bearish, with funding rates turning negative and open interest declining by 14% to $21.27 million. Spot volume also dropped sharply from $171.96 million to $44.74 million. Although MYX is near the lower boundary of an ascending channel, suggesting a possible short-term bounce, key support levels are at $0.34 and $0.23. A break below these may reinforce the broader downtrend. Recovery depends on stabilizing demand across markets.

ambcrypto12/19 04:02

MYX drops 11% as liquidity dries up – Can bulls defend THIS support?

ambcrypto12/19 04:02

RAVE rallies 29%, but is the post-launch correction already over?

RAVE, the native token of RaveDAO, surged 29% in 24 hours, reversing its initial post-launch correction. Launched on December 14th at $0.50, it initially corrected to $0.27 before reclaiming its launch price. The rally was fueled by new exchange listings on OKX and Kraken, a market shift toward small-cap tokens, and increasing holder count, now at 7.19K. Open Interest rose above $17 million, suggesting the correction may be over. However, the price is currently ranging between $0.35 and $0.42. Liquidation data shows a higher concentration of long liquidations, indicating trader sentiment is bullish, but a short squeeze could amplify gains or trigger a decline if key liquidity clusters are hit.

ambcrypto12/19 03:32

RAVE rallies 29%, but is the post-launch correction already over?

ambcrypto12/19 03:32

Crypto has everything needed for a bull market, so why is the market down?

Despite numerous positive drivers such as increased liquidity, a pro-crypto U.S. government, ETF launches, and institutional buying, the crypto market is on track to end 2025 lower than it started. Analysts question why the market isn’t in a bull run, with some suggesting structural issues or excessive leverage are to blame. Selling pressure persists from long-term holders, technical traders, and cycle theorists. While some declare a bear market has already begun, others highlight strong fundamentals, including regulatory progress and institutional adoption, calling 2025 a foundational year for long-term growth.

cointelegraph12/19 02:42

Crypto has everything needed for a bull market, so why is the market down?

cointelegraph12/19 02:42

The First Wave of Bitcoin Treasury Companies Is Beginning to Collapse

The first wave of Bitcoin treasury companies is facing a severe shakeout, as seen with KindlyMD (NAKA) receiving a Nasdaq compliance notice for its stock trading below $1. This signals a broader sector-wide crisis where investors are scrutinizing these firms' fundamentals—cash flow, financing capabilities, and resilience during market downturns—rather than just their Bitcoin holdings. Imitators of the Strategy (MSTR) model are under pressure, with stocks like American Bitcoin (ABTC) and ProCap Financial (BRR) falling over 68% and 70% in a month, respectively. Even Ethereum-focused firms like Bitmine Immersion Technologies (BMNR) are underperforming their underlying assets. Key differentiators are now the scale of Bitcoin holdings and the mNAV (market cap to net asset value) ratio. MSTR, with 671,268 BTC, trades at an mNAV of ~0.8x, while smaller firms like NAKA (~0.35x mNAV) trade at discounts, and ABTC (~3.5x mNAV) faces volatile premiums. The market shift is from "how much Bitcoin can you buy" to "can you avoid selling during volatility." Notably, about 65 of 100 tracked Bitcoin treasury companies bought at prices above current levels, resulting in unrealized losses. At least five firms have already offloaded 1,883 BTC during the recent sell-off. Industry analysts like Matt Zhang of Hivemind Capital view this as a Darwinian cleansing, where only companies with stable operational cash flows and robust capital structures will survive without relying on continuous financing. The era of narrative-driven premiums is over; the focus is now on sustainability and risk management in a volatile market.

marsbit12/19 02:07

The First Wave of Bitcoin Treasury Companies Is Beginning to Collapse

marsbit12/19 02:07

Bank of Japan’s expected rate hike – How will it affect Bitcoin and crypto traders?

The market sentiment is in "extreme fear" ahead of the Bank of Japan's (BoJ) expected 25 basis point rate hike on December 19th. Historically, such fear has marked market bottoms, but past BoJ hikes have triggered 20-30% Bitcoin sell-offs by making yen borrowing more expensive and forcing institutional liquidations. Market positioning is bearish, with traders accumulating puts targeting a drop below $85k. Analysts note high volatility and a negative skew, signaling continued downside risk into early 2026. At press time, BTC was trading at $87k after a brief spike to $90k. Key liquidity levels to watch are at $90.8K, $94.5K-$95K on the upside, and $83K on the downside. ETF demand has been mixed. While a rejection at $90k could present a shorting opportunity, Grayscale expects a strong rebound and new all-time highs in H1 2026, suggesting current levels may be a discount for long-term holders.

ambcrypto12/19 02:03

Bank of Japan’s expected rate hike – How will it affect Bitcoin and crypto traders?

ambcrypto12/19 02:03

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