# Trading Related Articles

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

Meme Coins Make a Comeback: DOGE and SHIB Get Regulated Futures—Time to Buy the Dip?

Memes go mainstream: Dogecoin (DOGE) and Shiba Inu (SHIB) have entered the regulated futures market, marking a significant step towards mainstream financial acceptance. DOGE is currently consolidating between $0.125 and $0.14, having fallen 11-18% over the past month. Key resistance levels are identified at $0.16 and $0.18; a break above these could potentially trigger a 40%+ rally. Technical indicators suggest the asset is oversold. Critical support lies at $0.11 and $0.10. SHIB has performed worse, down a third over six months and over 12% in the past week. It is trading between $0.0000077 and $0.0000087. Resistance is strong at $0.0000094, with support at $0.0000073. A break above resistance could lead to a 26% move towards $0.0000105. This regulatory milestone is a major legitimacy boost, potentially attracting institutional investors and stabilizing their market positions. Both coins are at critical technical junctures, presenting a mix of high risk and potential opportunity. Their next price moves depend on whether they can overcome nearby resistance or if support levels will fail.

金色财经12/18 12:41

Meme Coins Make a Comeback: DOGE and SHIB Get Regulated Futures—Time to Buy the Dip?

金色财经12/18 12:41

Frontline Report | Web3 Lawyer Deciphers the Latest Changes in U.S. Stock Tokenization!

The U.S. SEC has issued a No-Action Letter to DTCC’s subsidiary DTC, allowing it to conduct a pilot program for tokenizing traditional securities without prior rule-change approvals under certain conditions. This move is seen as a regulatory step toward modernizing securities infrastructure using blockchain, though it is not a full endorsement of tokenization. The tokenization will function as a parallel record-keeping system on a permissioned blockchain, improving back-end efficiency without altering legal ownership structures. Meanwhile, Nasdaq has separately proposed extended trading hours, sparking speculation about 24/7 trading alignment with crypto markets, though the proposal does not explicitly mention tokenization. The developments indicate growing institutional interest in blockchain-based settlement efficiency, though widespread adoption remains cautious and incremental.

marsbit12/18 10:40

Frontline Report | Web3 Lawyer Deciphers the Latest Changes in U.S. Stock Tokenization!

marsbit12/18 10:40

Frontline Insights | Web3 Lawyer Deciphers the Latest Developments in U.S. Stock Tokenization!

Summary: On December 15, 2025, Nasdaq submitted a proposal to the SEC to extend U.S. stock trading hours to 23/5, sparking speculation about tokenization, though the filing did not mention it. More significantly, on December 11, the SEC issued a No-Action Letter (NAL) to DTCC, allowing its subsidiary DTC to conduct a pilot for tokenizing traditional securities under strict conditions. The NAL exempts DTC from certain procedural filing requirements but does not constitute a full regulatory endorsement. DTC's pilot involves creating tokenized representations of securities on a permissioned blockchain, allowing direct transfers between approved wallets while maintaining central oversight through its LedgerScan system. This move signals cautious regulatory openness to blockchain efficiency improvements in settlement and asset tracking, without altering the fundamental nature of securities. The development represents a step toward modernizing market infrastructure, with two parallel paths emerging: backend efficiency gains led by institutions like DTCC, and front-end user-facing innovations from brokers and trading platforms, all within evolving regulatory boundaries.

深潮12/18 10:16

Frontline Insights | Web3 Lawyer Deciphers the Latest Developments in U.S. Stock Tokenization!

深潮12/18 10:16

Bitfinex Launches Zero-Fee Trading, Leveraging Long-Term Profitability to Accelerate Global Crypto Asset Adoption

Bitfinex, a leading global cryptocurrency exchange, has announced a major update to its fee structure, eliminating all trading fees for spot, margin, perpetual swaps, tokenized securities, and OTC trades for both makers and takers. The move is positioned as a long-term strategic shift, not a short-term promotion, and is made possible by the platform's sustained profitability and robust financial management since its founding in 2012. By removing fees, Bitfinex aims to set a new industry benchmark, improve market liquidity, and significantly lower the barrier to entry for users engaging with crypto assets. The exchange believes this will attract new users while rewarding existing ones, reinforcing its position as a cost-effective platform. With over 250 spot trading pairs and 60+ perpetual contracts, Bitfinex emphasizes its commitment to advancing financial freedom and accessibility through its mature technology and diverse business structure.

深潮12/18 09:25

Bitfinex Launches Zero-Fee Trading, Leveraging Long-Term Profitability to Accelerate Global Crypto Asset Adoption

深潮12/18 09:25

HTX Research Latest Report | Deciphering the Pre-Market Trading Ecosystem: How a Ten-Billion-Dollar Market is Reshaping the Starting Line of Web3 Assets?

HTX Research's latest report, "Pre-Market Trading Ecosystem: How a Ten-Billion-Dollar Market is Reshaping the Starting Line for Web3 Assets," analyzes the emergence of a "1.5-level market" bridging primary and secondary crypto markets. Driven by tightened funding and prolonged token generation event (TGE) cycles, this pre-market allows the trading of future token value, points, and convertible rights (like NFTs or whitelist spots) before official listing. Key structures include OTC trades, spot trading, and innovative pre-listing perpetual contracts, exemplified by HTX's launch for WLFI. While growing into a multi-billion-dollar sector, the pre-market faces challenges like thin liquidity and information asymmetry. The report concludes it is a structural shift, not a short-term trend, fundamentally altering project launches, exchange listing strategies, and early user participation.

深潮12/18 09:18

HTX Research Latest Report | Deciphering the Pre-Market Trading Ecosystem: How a Ten-Billion-Dollar Market is Reshaping the Starting Line of Web3 Assets?

深潮12/18 09:18

HTX Research's Latest Report Deciphers Pre-Market Trading Ecosystem: How a Hundred-Billion-Dollar Market Reshapes the Starting Line of Web3 Assets

HTX Research, the dedicated research arm of HTX, has released a new report titled "Pre-Market Trading Ecosystem: Mechanism Evolution, Market Structure, and Future Trends Behind a Ten-Billion Scale." The study systematically examines the formation, asset structures, and major models of the pre-market trading ecosystem in crypto, as well as its profound impact on project issuance and exchange systems. The report highlights the emergence of a "1.5-level market" that bridges primary and secondary markets, driven by tightened funding conditions and extended token generation event (TGE) timelines. This pre-market allows early contributions and future expectations to be transformed into tradable instruments. Three core asset structures form this ecosystem: pre-market OTC, spot, and perpetual contracts tied to future token value; tradable points systems linked to airdrop incentives; and NFT-based rights such as whitelist spots and early access passes. Together, these create a multi-layered pre-trading system. HTX has actively explored this space, launching pre-market perpetual contracts for assets like WLFI before their official listings. While pre-market has reached a multi-billion dollar scale with strong growth potential, it also faces challenges including thin liquidity, information asymmetry, and a lack of standardized regulations. Ultimately, pre-market trading is evolving from a grey-area activity into a structured, institutionalized market layer that is reshaping project launches, exchange strategies, and early user participation in crypto.

marsbit12/18 08:57

HTX Research's Latest Report Deciphers Pre-Market Trading Ecosystem: How a Hundred-Billion-Dollar Market Reshapes the Starting Line of Web3 Assets

marsbit12/18 08:57

Why Does Hyperliquid Earn Less Than Coinbase?

Hyperliquid, a decentralized exchange, processes near-Nasdaq-level perpetual trading volumes but captures significantly lower fees compared to centralized platforms like Coinbase and Robinhood. While Hyperliquid cleared $205.6 billion in notional volume over 30 days, it generated only $80.3 million in fees—an effective take rate of ~3.9 bps. In contrast, Coinbase and Robinhood achieve take rates of ~35.5 bps and ~33.5 bps, respectively, by operating as retail brokers that monetize multiple layers: distribution, balances, subscriptions, and order flow. This gap stems from a structural difference: Hyperliquid positions itself as a low-fee *market layer* (like Nasdaq), providing high-throughput execution and清算 infrastructure, while brokers like Coinbase control user relationships and extract value through higher-margin activities. Hyperliquid’s model includes permissionless distributor frontends (Builder Codes) and product deployment (HIP-3), which drive ecosystem growth but also create long-term fee compression risks by outsourcing high-value distribution. To defend its economics, Hyperliquid is taking steps to retain distribution control, integrate HIP-3 markets natively, and introduce balance-driven revenue streams like USDH (a native stablecoin with 50% reserve收益 sharing) and portfolio margin (10% interest fee on borrows). These moves aim to shift its model from pure exchange-level execution toward a hybrid approach that captures broker-like profit pools—without sacrificing its core infrastructure advantages. The key challenge remains balancing open ecosystem growth with tighter economic integration to avoid being commoditized as a wholesale execution venue.

marsbit12/18 07:03

Why Does Hyperliquid Earn Less Than Coinbase?

marsbit12/18 07:03

Coinbase Launches Major Product Updates, Including Prediction Markets and Stock Trading, Transforming into a Comprehensive Financial Platform

Coinbase has unveiled a major expansion of its product suite during its "System Update 2025" event, signaling a strategic shift from a pure cryptocurrency exchange to a comprehensive financial platform. Key announcements include the launch of commission-free stock and ETF trading for US users, with plans to offer extended 24/5 trading hours and eventually support thousands of assets. The company is also preparing to list stock-linked perpetual futures for international users. Additionally, Coinbase is entering the prediction markets through a partnership with Kalshi, allowing US users to trade event-based contracts. Other new features include a simplified interface for perpetual futures trading, integration of Solana DEX aggregator Jupiter for instant token trading, and an AI-powered wealth management tool called Coinbase Advisor. For businesses, Coinbase Business is now fully available in the US and Singapore, offering financial services for SMBs. The company also introduced a service for creating custom branded stablecoins and is developing new payment infrastructure, including the x402 open payment standard. These moves position Coinbase to compete directly with traditional brokers and expand into new multi-billion dollar revenue streams.

marsbit12/18 07:02

Coinbase Launches Major Product Updates, Including Prediction Markets and Stock Trading, Transforming into a Comprehensive Financial Platform

marsbit12/18 07:02

Hot Perp DEX Recent Updates: Find the Best Way to Participate

Despite a generally cool market, Perp DEX platforms remain highly active due to airdrop incentives and stable trading volumes. Here are key updates from three popular Perp DEXs: **StandX** launched its mainnet trading points program, with daily volume exceeding $100 million. Users earn points by depositing DUSD, providing liquidity, trading, or inviting friends. A trading competition is planned, along with more trading pairs. **Aster**, currently leading in daily trading volume among Perp DEXs, continues its monthly airdrop campaigns. Phase 4 is ongoing until Dec 22, and Phase 5 will run from Dec 22 to Feb 1, 2026, distributing 1.2% of total supply. Aster has also increased its daily buyback and burn rate to ~$4 million and launched a human vs. AI trading competition. **Lighter** has been added to Coinbase's listing roadmap, but its TGE may be delayed until late December or early January. Its points system for traders remains opaque ("a blind box"), considering factors like volume and PnL. The team emphasizes a long-term approach to token value rather than a pump at launch.

Odaily星球日报12/18 03:14

Hot Perp DEX Recent Updates: Find the Best Way to Participate

Odaily星球日报12/18 03:14

Space Announces Public Sale of Its Native Token $SPACE

Space announces the public sale of its native token $SPACE. Built on Solana, Space is a leveraged prediction market offering 10x leverage on real-world outcomes across crypto, politics, sports, and more. The project, created by the team behind the UFO project, features a central limit orderbook (CLOB) with no maker fees and a token flywheel where 50% of revenue is used to buy back and burn $SPACE. The public sale begins December 17, 2025, at 18:00 UTC with a $2.5M target. The FDV starts at $50M and can rise linearly to a $99M cap. It features a variable token allocation model to ensure a fair, single clearing price for all participants. Contributions are accepted in USDC, USDT, or SOL with no minimum or maximum limits. Early participants can achieve higher tiers for bonus airdrops, lifetime referral rewards, trading fee discounts, and积分 multipliers. The total token supply is 1 billion. The platform is set to launch in January 2026.

深潮12/17 13:31

Space Announces Public Sale of Its Native Token $SPACE