# Security Related Articles

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

RWA Utility Tokens, Stop Kidding Yourselves

The article, written by lawyer Shao Jiadian, critically examines the common claim by RWA (Real World Asset) token projects that their tokens are "utility tokens" rather than securities. The author argues that regulatory bodies globally do not classify assets based on their self-proclaimed labels but on their actual economic function and structure. The core argument is that most so-called "utility RWA tokens" involve users investing money into a common asset pool managed by the project, with the expectation of profits derived from the project's efforts (e.g., dividends, revenue sharing from assets like real estate or equipment). This structure meets the criteria of an "investment contract" and is therefore treated as a security in major jurisdictions like the U.S., EU, Switzerland, and Hong Kong. Two key legal cases are cited as evidence: 1. **DeFiMoney Market (DMM):** Its fixed-yield token and "governance" token were both deemed securities by the SEC because investors' profits came from a managed asset pool. 2. **Unicoin (2025):** An asset-backed token promising returns from real estate and equity was charged by the SEC as an unregistered securities offering and fraud. The author highlights an inherent conflict: utility tokens emphasize *use* and *consumption*, while RWA tokens are fundamentally linked to *assets* and *returns*. Any token offering profit-sharing, dividends, or redeemable cash flows will be viewed as a security by regulators. The conclusion is stark: projects are not avoiding securities laws out of ignorance but to circumvent the stricter requirements of a regulated securities offering. The only viable paths to avoid securities classification are: 1. Purely functional tokens with no profit expectation. 2. Private offerings strictly for accredited investors. 3. Operating under specific regimes like Dubai's VARA that regulate security-like tokens as virtual assets. Ultimately, any RWA token offered to the public that is tradable and promises returns will almost certainly be treated as a security. The choice for projects is not between utility and security labels, but between "long-term compliance" and "short-term gambling."

marsbit12/25 03:13

RWA Utility Tokens, Stop Kidding Yourselves

marsbit12/25 03:13

Huobi HTX Contract Head Fully Deciphers: What Huobi Contracts Did Right in 2025 and Where They Are Headed

Huobi HTX Derivatives Head Decodes 2025 Success and Future Roadmap In 2025, Huobi HTX's derivatives business achieved 2-3x user growth, driven by robust risk management and continuous product upgrades. Key initiatives included the launch of Copy Trading 4.0—a system-level redesign emphasizing user-friendliness, transparency, and safety. The update integrated copy trading with the main contract interface, introduced smart copy modes, and enhanced risk controls with isolated funds and synchronized leverage settings. The growth was attributed to long-term user trust built on Huobi HTX’s 12-year foundation in security and risk control, which withstood multiple market volatilities without major incidents. Liquidity for major and semi-major coins doubled, though improvements are planned for long-tail assets. The Unified Margin system, launched in May, boosted API trading speed by 4x and attracted high-frequency traders. Financial products like Savings (Yu Bao) improved capital efficiency, with plans to increase yields by 2-3x in 2026. AI-driven trading tools and strategy integrations are also prioritized. Looking ahead, Huobi HTX will focus on refining products, optimizing liquidity, enhancing capital efficiency, and deepening risk management. A key shift will involve empowering users with more active risk control tools, promoting transparent and manageable trading decisions. The goal is to enable sustainable participation in high-volatility crypto markets through safer, smarter, and more rational trading frameworks.

深潮12/24 07:57

Huobi HTX Contract Head Fully Deciphers: What Huobi Contracts Did Right in 2025 and Where They Are Headed

深潮12/24 07:57

2025 Crypto Market Background: Why 'Choosing the Right Exchange' Is More Important Than Choosing the Right Coin

The crypto market in 2025 has matured significantly, shifting focus from pure asset speculation to the importance of choosing the right exchange. New users increasingly prioritize trading experience, security, and platform stability over short-term price movements. For beginners, selecting a suitable exchange is often more critical than selecting individual cryptocurrencies, as a poor platform choice can lead to higher operational costs and psychological stress. Key evaluation criteria for new users include the platform’s operational history, system stability during high volatility, transparent fee structures, and user support mechanisms. Community reputation and public discussion also serve as important references. Based on user feedback and industry data, several exchanges are frequently highlighted for newcomers: - Binance leads in liquidity and asset variety but has a steeper learning curve. - Coinbase is recognized for compliance and user-friendly design, suited for long-term holders. - OKX offers advanced derivatives and tools but may overwhelm absolute beginners. - Bybit is popular among active traders, particularly in futures. - WEEX is noted for its beginner-friendly interface, clear risk reminders, and execution-focused experience. The article emphasizes that rankings are referential, not absolute. The "right" exchange depends on the user’s experience level and trading style. As the market matures, exchanges play an increasingly important role in user education and protection. Choosing a platform that matches one’s needs is more valuable long-term than chasing volatile assets.

marsbit12/23 14:33

2025 Crypto Market Background: Why 'Choosing the Right Exchange' Is More Important Than Choosing the Right Coin

marsbit12/23 14:33

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