# 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.

Odaily Editorial Team Tea Party (December 17)

"Odaily Editorial Tea Party (Dec 17): Editors share crypto market insights and personal strategies. Asher is buying SOL, ADA, and ENA, expecting a rebound, while shorting overvalued tokens like PIPPIN and BEAT. Wenser notes asymmetric opportunities in crypto stocks and highlights the growth potential of prediction markets like Kalshi. Several editors express caution, with Dingle holding BTC and ETH, and Bcxiongdi advising reduced trading due to low liquidity. Moni observes the absence of a seasonal "Santa rally" and warns of potential JPY rate hike impacts. Suzz explores shorting overvalued "dump projects," while Azuma shares reports favoring application-layer investments over infrastructure. Ethan mentions rumors of Chinese exchange operators relocating overseas. Golem discusses challenges in user growth, citing smartphone pre-installation attempts. Overall, sentiment is mixed: some see buying opportunities, while others advocate caution amid market uncertainty."

marsbit12/17 09:43

Odaily Editorial Team Tea Party (December 17)

marsbit12/17 09:43

Nasdaq Plans to Launch 23-Hour Trading, Paving the Final Stretch for On-Chain Stocks and Tokenized Assets

Nasdaq has submitted a proposal to the SEC to extend U.S. stock trading hours to 23 hours per day, effectively formalizing overnight trading. This move is seen as a step toward preparing the market infrastructure for future 24/7 on-chain stock trading and asset tokenization. Key implications include: - Improved accessibility for retail investors, enabling trading across more time zones without waiting for traditional market hours. - Enhanced performance for on-chain stock platforms (e.g., Ondo Finance, StableStock), as their broker-mediated transactions will align with extended market hours, ensuring smoother and more liquid operations. - Stronger support for DeFi protocols, as near-24-hour official pricing improves oracle reliability for lending, derivatives, and other decentralized applications. - Better risk management for brokers and market makers, who can hedge positions throughout most of the day, leading to smoother pricing and deeper on-chain liquidity. This shift signals accelerating momentum toward on-chain equities and tokenized assets.

marsbit12/17 08:11

Nasdaq Plans to Launch 23-Hour Trading, Paving the Final Stretch for On-Chain Stocks and Tokenized Assets

marsbit12/17 08:11

Hot Interaction Collection | Cascade Early Access Application; OpenMind Adds Badge Tasks (December 17)

Hot Interaction Roundup: Cascade Early Access and OpenMind Badge Tasks (Dec 17) Cascade, a crypto brokerage platform, is now accepting early access applications. It offers 24/7 trading of U.S. stocks and crypto perpetual contracts with a single margin account. Users can apply via X (Twitter) and Google email, and join the Discord to claim OG roles. OpenMind, founded by a Stanford professor, is building a universal OS and decentralized network for smart machines. It recently added new badge tasks: users can sign up with Google, verify with World Coin for a Personhood badge, and connect a Backpack wallet for another badge. Altius, a modular execution stack developer, launched a Web3 knowledge quiz with Open Academy. Participants can complete three course levels and social tasks for a chance to win limited edition boxes or OA tokens. The event runs until December 23.

Odaily星球日报12/17 07:31

Hot Interaction Collection | Cascade Early Access Application; OpenMind Adds Badge Tasks (December 17)

Odaily星球日报12/17 07:31

Huobi HTX Launches Three Major Benefits Simultaneously: Spot Trading Cashback, Contract "Crypto Deposit" for Passive Earnings, and Leverage Interest-Free for a Limited Time

Huobi HTX Launches Year-End Promotion with Three Major Benefits: Spot Trading Rebates, Contract "Crypto Lending" Earnings, and Leverage Interest-Free Period As the year ends, Huobi HTX has rolled out a major December promotion covering spot, leverage, and contract trading. The campaign offers multiple benefits designed to maximize returns for users with different risk preferences. Key highlights include: - **Contract "Crypto Lending" Top-Up Event**: From December 12–22, users can earn up to 19% APY by activating the U-based contract Crypto Lending feature. New users can receive an 8% bonus interest coupon and random trial funds, while existing users can unlock rewards through cumulative transfers. - **Leverage Holiday Special**: Between December 11–25, users can enjoy 10%–30% fee rebates on leveraged trading. USDC isolated margin trading also offers a limited-time interest-free period, reducing costs for arbitrage and high-frequency strategies. - **Spot Trading Cashback**: From December 15–31, users can get 10%–50% trading fee rebates in HTX tokens, with a maximum reward of $20,000 per person. The rebate applies to new trading volume, including bot and leveraged spot trades. This promotion emphasizes improved capital efficiency, lower costs, and enhanced user experience, providing crypto traders with year-end incentives amid market volatility.

深潮12/17 03:27

Huobi HTX Launches Three Major Benefits Simultaneously: Spot Trading Cashback, Contract "Crypto Deposit" for Passive Earnings, and Leverage Interest-Free for a Limited Time

深潮12/17 03:27

Machi Big Brother's Leverage Game: Where Does the 'Never-Ending' Money Come From?

Machi Big Brother (Jeffrey Huang), a well-known crypto investor, suffered a series of 10 liquidations on Hyperliquid, causing his account balance to plummet from $1.3 million to just over $53,000. This is part of a pattern of extreme leveraged trading—using 15x to 25x leverage—that has previously led to a $54.5 million swing from profit to loss. Despite these massive losses, he repeatedly replenishes his margin, raising the question: where does the money come from? His capital structure has three main sources: 1. **Traditional tech exit**: He co-founded 17LIVE (formerly 17 Media), and a 2020 share buyback provided substantial liquid fiat capital. 2. **Early crypto projects**: Though controversial and often unsuccessful (e.g., Mithril and Cream Finance), these ventures generated significant early crypto-native capital. 3. **NFT liquidity mining**: He strategically monetized high-value NFTs (like Bored Apes) through large-scale sales, airdrop farming (e.g., Blur rewards), and NFT-backed lending, continuously converting illiquid assets into ETH or stablecoins. His ability to absorb millions in losses suggests a deep, diversified reserve, estimated at over $100 million in unallocated liquid capital. He further refreshes this reserve by launching new token projects, like MACHI on Blast. For ordinary investors, this case is a stark warning: extreme leverage is highly risky, and surviving such volatility requires immense capital depth most do not have. Transparency on-chain exposes these risks, but the mechanical efficiency of platforms like Hyperliquid can amplify losses. The key lesson: survival outweighs the pursuit of rapid riches.

深潮12/16 14:53

Machi Big Brother's Leverage Game: Where Does the 'Never-Ending' Money Come From?

深潮12/16 14:53

WEEX Completes $2 Million WXT Buyback, Rewarding User Support for 'Futures Mining'

Global cryptocurrency exchange WEEX has completed a $2 million buyback of its native token WXT, repurchasing 72,571,028 WXT tokens. The move is part of the platform’s effort to reward users for their participation in the "Futures Mining" campaign, which offers up to 30% trading fee rebates in WXT. The campaign, originally scheduled to end on December 15, has been extended by 10 days to December 25 due to high user demand. Participants receive real-time WXT rewards for each futures trade, with higher trading volumes unlocking greater rebate tiers, ranging from Bronze to King Miner levels. To prevent inflation and support token value, WEEX used its own funds for the buyback, maintaining WXT’s scarcity. Since its launch in July 2024, WXT has seen significant growth, with year-to-date gains of around 70%, making it one of the top-performing exchange tokens. WEEX has conducted four buybacks to date, burning 41.24% of WXT’s total supply. Additional token utility includes fee discounts, airdrops, and membership benefits, offering holders an estimated annualized return of 660.61%.

marsbit12/16 13:58

WEEX Completes $2 Million WXT Buyback, Rewarding User Support for 'Futures Mining'

marsbit12/16 13:58

WEEX Completes $2 Million WXT Buyback, Rewarding Users for Supporting 'Futures Mining'

On December 16, the cryptocurrency exchange WEEX announced the completion of a $2 million WXT token buyback, repurchasing 72,571,028 WXT from the open market. This initiative is part of the platform’s effort to reward users for their participation in the "Futures Mining" event, which offers up to 30% trading fee rebates distributed in real-time as WXT. The Futures Mining campaign, launched on November 26, allows users' contract trading to function as a form of mining—where higher trading volumes yield greater rebates. Due to its popularity, the event has been extended by 10 days, now running until December 25. Top participants have already generated over $9.1 billion in trading volume, earning more than 3 million WXT in rewards. Unlike typical mining programs that may cause token inflation, WEEX’s buyback mechanism ensures WXT remains deflationary. To date, WEEX has conducted four buybacks, destroying 41.24% of WXT’s total supply. The token has risen over 180% since its launch in July 2024, making it one of the top-performing exchange tokens this year. WXT also offers additional utility including fee discounts, airdrops, and membership benefits, with an estimated annualized return of 660.61% for holders.

深潮12/16 13:39

WEEX Completes $2 Million WXT Buyback, Rewarding Users for Supporting 'Futures Mining'

深潮12/16 13:39

Fighting Repeatedly, Losing Repeatedly, Where Does Machi's 'Endless Supply of Money' Come From?

Last night, the crypto market witnessed another dramatic liquidation event. Prominent investor Jeffrey Huang (known as "Machi Big Brother") saw his long positions on Hyperliquid get liquidated 10 times in rapid succession. His account balance plummeted from $1.3 million to just over $53,000—wiping out more than $1.25 million. This is not his first major loss. In October 2024, a $79 million ETH long position was liquidated, resulting in a net loss of over $10 million and a $54.5 million profit reversal. Despite these massive losses, Huang repeatedly replenishes his margin, often within days, and continues high-leverage trading, frequently using 15x to 25x leverage. The article explores the source of his seemingly endless capital. It identifies three main layers: 1) Traditional tech exit liquidity from the sale of his shares in 17LIVE; 2) Capital from early, controversial crypto projects like Mithril (MITH) and Cream Finance (CREAM); and 3) A sophisticated NFT liquidity engine where he strategically sells high-value NFTs (like Bored Apes), farms airdrops (e.g., Blur), and uses NFT-backed lending to generate constant streams of ETH and stablecoins. His ability to absorb millions in losses suggests a deep, diversified liquidity reserve, estimated at over $100 million. He further refreshes this capital by launching new token projects, like MACHI on Blast. For ordinary investor, his story is a stark warning about the extreme risks of high-leverage trading and the importance of survival over the pursuit of rapid riches.

marsbit12/16 11:10

Fighting Repeatedly, Losing Repeatedly, Where Does Machi's 'Endless Supply of Money' Come From?

marsbit12/16 11:10

Bitpush Daily News Digest: Reuters: Nasdaq to Officially Apply for 5x23-Hour Trading; Trump Says He Will Consider Pardoning Bitcoin App Samourai Developer Keonne Rodriguez; Forbes: Musk's Net Worth Exceeds $670 Billion

Nasdaq is formally applying for 5x23-hour trading, extending U.S. stock and ETP trading to nearly 24 hours. Former President Trump stated he would consider pardoning Samourai Wallet developer Keonne Rodriguez, recently sentenced to prison. Elon Musk’s net worth surged to $677 billion, largely driven by SpaceX's valuation jump. MetaMask now natively supports Bitcoin, enabling direct purchases, transfers, and swaps. BlackRock hired seven digital asset executives to expand its crypto ETF and tokenization efforts. BitMine added 102,259 ETH to its holdings as Tom Lee expressed optimism about market recovery.

比推12/16 00:19

Bitpush Daily News Digest: Reuters: Nasdaq to Officially Apply for 5x23-Hour Trading; Trump Says He Will Consider Pardoning Bitcoin App Samourai Developer Keonne Rodriguez; Forbes: Musk's Net Worth Exceeds $670 Billion

比推12/16 00:19

Bitcoin is a 'Digital Labubu'. Is the Crypto Market One Big Meme?

Bitcoin is often described as a "digital Labubu" (a collectible toy), raising the question of whether the entire crypto market is essentially one big meme. The article argues that crypto prices are driven not only by fundamentals but also by crowd sentiment, as seen in Bitcoin's recent volatility around $85,000. Vanguard’s John Amoris recently criticized Bitcoin, comparing it to a speculative digital toy. During uncertain market periods, meme coins tend to perform notably well. Retail traders, seeking engaging narratives rather than "ideal assets," are drawn to projects that turn trading into a game and community participation into a sense of belonging. Meme tokens like Maxi Doge are gaining attention by packaging high-risk trading into a competitive, viral format. The meme coin sector has seen significant activity, with daily trading volumes regularly exceeding $5 billion. These tokens compete through various strategies—some rely on humor and visuals, while others incorporate gamification, tournaments, and social mechanics. Maxi Doge, for example, emphasizes a competitive trading community with leaderboard rankings and rewards. The project has attracted notable interest, with its pre-sale raising $4.3 million and tokens priced at $0.000273. Large transactions, including a $251K purchase, indicate growing engagement. Maxi Doge appeals to those looking for meme projects that combine discipline, tournaments, and trading culture—transforming speculation into structured, community-driven activity.

bitcoinist12/15 19:04

Bitcoin is a 'Digital Labubu'. Is the Crypto Market One Big Meme?