# On-Chain Related Articles

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

Stop Grinding Mindlessly, the Best Airdrops Are Often 'Unexpected Encounters'

The article argues that the most valuable crypto airdrops are often "unexpected" and not the result of grinding tedious, predefined tasks. Instead, the best strategy is to build a genuine on-chain footprint by actively using protocols you believe in. Past examples like TIA, DYM, and Monad rewarded active users on various chains and in top protocols, not just those who farmed points. Publicized criteria for points programs are often exploited by Sybil attackers, diluting rewards and leading to burnout and disappointment when expectations aren't met. In contrast, retroactive airdrops with hidden criteria have less competition, as incentive-chasers avoid uncertain rewards. The core logic is that projects value real, high-value on-chain activity over low-value, repetitive Sybil behavior. By focusing on authentic engagement rather than farming, users can build a strong on-chain reputation, avoid being filtered out as a Sybil, and be pleasantly surprised by future airdrops.

marsbit01/20 04:11

Stop Grinding Mindlessly, the Best Airdrops Are Often 'Unexpected Encounters'

marsbit01/20 04:11

BTC Market Pulse: Week 4

Bitcoin market conditions show early signs of improvement in Week 4. Spot trading volume has risen modestly with a notable reduction in sell-side pressure, though demand remains fragile. Derivatives activity is mixed: futures open interest is rising cautiously, while funding rates have cooled and perpetual CVDs remain negative, indicating ongoing leveraged selling. Options markets reflect elevated uncertainty with high implied volatility and persistent demand for downside protection. US spot ETFs have reversed sharply into strong inflows, signaling renewed institutional accumulation, though high holder profitability poses a near-term profit-taking risk. On-chain metrics are stabilizing, with gradual improvements in active addresses and transfer volume. Despite ongoing defensive positioning, strengthening buy-side dynamics and institutional interest suggest a gradual move toward a more constructive market structure.

insights.glassnode01/19 17:25

insights.glassnode01/19 17:25

NYSE Plans to Launch 24/7 Tokenized Stock Trading, Leaving 'Competitors' Stunned

NYSE plans to launch a 24/7 tokenized securities trading and on-chain settlement platform, a move seen as a direct response to Nasdaq’s earlier application for tokenized stock trading. The proposed platform would support round-the-clock trading of U.S. stocks and ETFs, fractional shares, stablecoin-based settlements, and instant settlement, while integrating NYSE’s existing matching engine with blockchain technology. Tokenized stocks would retain traditional rights like dividends and governance. The initiative is viewed as both an opportunity and a threat. Proponents argue it validates crypto’s core innovations—24/7 trading, instant settlement, and global access—and represents a major step toward merging traditional and crypto assets. Critics, however, warn it may disadvantage retail investors, increase market complexity, and primarily benefit exchanges through higher fees. While NYSE’s proposal is more comprehensive than Nasdaq’s, regulatory approval from the SEC is not expected before late 2026. This leaves a window for crypto-native platforms to leverage advantages like permissionless access, global liquidity, and leveraged products. The key battleground will be where liquidity, attention, and users converge.

marsbit01/19 15:21

NYSE Plans to Launch 24/7 Tokenized Stock Trading, Leaving 'Competitors' Stunned

marsbit01/19 15:21

Tiger Research: Policy Catalysts and Liquidity Expansion Lock Bitcoin Valuation at $185,500 by Q1 2026

Tiger Research maintains a bullish outlook on Bitcoin, setting a Q1 2026 price target of $185,500, representing approximately 100% upside from current levels. The report cites a supportive macro backdrop, including continued Fed rate cuts and expanding global M2 liquidity, though the macro adjustment factor has been revised down to +25% from +35% due to slowing institutional inflows and geopolitical risks. Key catalysts include the potential passage of the CLARITY Act, which could bring major banks into the digital asset space. On-chain analysis indicates a solid support floor at $84,000 and resistance near $98,000, with metrics like MVRV-Z suggesting the market is at fair value. Despite recent ETF outflows and a 12% price correction, the overall market structure is deemed healthy, with corporate buying from entities like MicroStrategy providing consistent demand. The long-term bullish thesis remains intact.

marsbit01/19 13:58

Tiger Research: Policy Catalysts and Liquidity Expansion Lock Bitcoin Valuation at $185,500 by Q1 2026

marsbit01/19 13:58

Tiger Research: Policy Catalyst and Liquidity Expansion, Bitcoin Valuation Pegged at $185,500 for Q1 2026

Tiger Research maintains a bullish outlook on Bitcoin, setting a Q1 2026 price target of $185,500, representing approximately 100% upside from current levels. The report cites a supportive macro backdrop, including continued Fed rate cuts and expanding global M2 money supply, though the macro adjustment factor has been reduced from +35% to +25% due to slower institutional inflows and geopolitical risks. Key on-chain indicators suggest a neutral market, with strong support at $84,000 and resistance near $98,000. The potential passage of the CLARITY Act is highlighted as a major regulatory catalyst that could bring traditional financial institutions into the market. Despite recent ETF outflows, the overall market structure is deemed healthy, with a gradual rebalancing rather than panic-driven selling.

marsbit01/18 12:04

Tiger Research: Policy Catalyst and Liquidity Expansion, Bitcoin Valuation Pegged at $185,500 for Q1 2026

marsbit01/18 12:04

Former New York Mayor Involved in Rug Pull Allegations: On-Chain Investigation into NYC Token

Former New York City Mayor Eric Adams faces allegations of a "rug pull" following the launch of the NYC token. Shortly after its debut on January 13, the token’s value plummeted over 80% when the liquidity pool creator address (9Ty4M4t9MZArhJBKFWbYrzeqdMf2Ua5eHWSRW3LXKyGt) removed approximately 2.377 million USDC just 30 minutes post-launch. This caused the token’s market cap to crash from a high of $600 million to under $100 million. Beosin’s on-chain analysis traced the initial funding to a Mayan bridge and Kraken. After the crash, the same address began making small purchases of NYC tokens, but the price only recovered to around $0.133. The address still holds 1.332 million USDC, resulting in an estimated profit of $330,000. Adams denied personal profit or involvement in removing funds. However, the analysis confirms liquidity manipulation, with only about $1 million returned to liquidity after $2.37 million was withdrawn. This incident highlights the significant risks associated with celebrity-backed tokens.

marsbit01/15 10:38

Former New York Mayor Involved in Rug Pull Allegations: On-Chain Investigation into NYC Token

marsbit01/15 10:38

Starknet TVL reclaims $300m for first time since 2024 as on-chain activity recovers

Starknet's total value locked (TVL) has rebounded to over $300 million for the first time since early 2024, signaling a recovery in on-chain activity and capital deployment after a prolonged decline. The TVL reached $302.12 million, nearing its all-time high of $307 million. This resurgence is supported by a record stablecoin market cap of approximately $248 million and an average of 65,000 daily active users, ranking Starknet fifth among Layer-2 networks. Despite trailing behind competitors like Base and Arbitrum, the network shows signs of stabilization and renewed user confidence, moving past outdated narratives and into a phase of measurable recovery.

ambcrypto01/14 16:23

Starknet TVL reclaims $300m for first time since 2024 as on-chain activity recovers

ambcrypto01/14 16:23

The Other Side of XMR's Surge: Regulation, Black Market, and Real Demand

Monero (XMR), a leading privacy-focused cryptocurrency, reached a new all-time high of over $690 on January 13, 2025, marking a 262% surge from around $200 a year prior. This rally occurred amid a broader market downturn and increasing global regulatory pressure, including its delisting from major exchanges like Binance and a recent ban on privacy coins in Dubai. Analysis reveals that the price surge was not primarily driven by trading on centralized exchanges, as spot and derivatives trading volumes remained relatively modest. Instead, key factors include significant capital deployment in mining, with network difficulty rising sharply throughout 2025 despite temporary volatility, indicating strong interest from large-scale miners. On-chain data shows a substantial increase in average transaction fees—tripling since mid-2025—suggesting growing real demand for private transactions. Users are willing to pay higher fees for Monero’s privacy features, especially as regulatory crackdowns intensify. This has created a counterintuitive effect where bans may have strengthened demand among users seeking censorship-resistant transactions. The rally reflects both “white” (legitimate privacy needs) and “black” (asymmetric information and potential market manipulation) factors. The opaque nature of Monero’s ecosystem means retail investors face significant risks, as evidenced by high volatility and the potential for sharp corrections, similar to those seen with other privacy coins like ZEC.

比推01/14 06:30

The Other Side of XMR's Surge: Regulation, Black Market, and Real Demand

比推01/14 06:30

BTC Market Pulse: Week 3

BTC Market Pulse Week 3 indicates a fragile market consolidation. Spot trading volume shows early signs of recovery, but CVD deterioration suggests rising sell-side pressure. Derivatives show mixed signals with higher open interest and bullish funding rates, yet negative CVD points to leveraged selling. Options markets reflect heightened uncertainty with elevated implied volatility and increased demand for downside protection. US spot ETFs experienced significant outflows, signaling institutional de-risking, though trading volume rose. On-chain activity shows modestly lower active addresses but higher transfer volume, indicating capital reallocation. Network fees are near cycle lows. The market requires renewed spot-led demand to establish a sustainable upward trend, as speculative sensitivity and profit-taking risks remain elevated.

insights.glassnode01/12 16:27

Can X’s new Smart Cashtags bring attention back to crypto?

X (formerly Twitter) has introduced "Smart Cashtags," a feature that integrates live price data and related content into posts mentioning stocks, cryptocurrencies, and on-chain assets. The tool aims to provide real-time financial information directly within users' timelines without requiring them to leave the platform. While pricing for on-chain assets is expected to be nearly real-time—benefiting newer tokens often excluded from standard data feeds—X has not yet confirmed trading capabilities. However, mockups suggest buy and sell prompts may be included. Analysts speculate that X could serve as a discovery layer, with partners like Coinbase and traditional brokers handling trade execution. If implemented, this could transform X from a social platform into a significant gateway for financial activity, potentially reigniting broader interest in crypto markets.

ambcrypto01/12 15:02

Can X’s new Smart Cashtags bring attention back to crypto?