# 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.

Tokenization Scale Soars to $4.3 Billion, But Why Did Securitize Incur a $5.5 Million Loss?

Securitize's first quarterly report post-IPO reveals a paradox: while its tokenized assets under management hit a record $4.3 billion (up 16% YoY) and platform trading volume surged 147% to $5.3 billion, total revenue fell 5% to $14.4 million. Tokenization revenue specifically dropped ~12% to $7.8 million, leading to an adjusted EBITDA loss of $5.5 million. CFO Francisco Flores explained that most trading volume is not yet monetized, with the majority of tokenization revenue still coming from one-time projects like new protocol integrations. In contrast, asset servicing revenue, a more recurring stream, grew slightly to $6.6 million. The company has lowered its full-year revenue guidance to $70-$80 million from an initial projection of $110 million. Industry experts note this highlights a structural challenge for the tokenization sector. Scaling assets on-chain doesn't automatically scale a profitable business model. Current implementations often rely on costly, customized projects for each new asset or jurisdiction. The future, they argue, lies in building standardized infrastructure that generates recurring "infrastructure revenue" from post-issuance activities like compliance, distributions, and secondary trading—similar to enterprise software. Analysts caution against misinterpreting high trading volumes as indicative of a mature fee-based model, as Securitize's broad volume metric includes many non-monetized actions. The key test for the industry is whether adding billions in new assets can generate sustainable revenue without constant new custom projects.

marsbit08/20 10:06

Tokenization Scale Soars to $4.3 Billion, But Why Did Securitize Incur a $5.5 Million Loss?

marsbit08/20 10:06

Coinbase Adds Hyperliquid Perpetuals to Base App With Up to 50x Leverage

Coinbase has integrated Hyperliquid perpetual futures into its Base App, offering qualified users access to over 290 markets. These include Bitcoin, Ethereum, tokenized stocks, and commodities, with leverage of up to 50x on specific assets. Hyperliquid handles trade execution, while traders can access these markets directly from their existing custody wallets within the Base App. According to Coinbase, perpetual futures, which do not expire, constitute about 75% of all crypto trading and were a highly requested product. This move marks a strategic shift for Base App, pivoting from an initial focus on social features towards emphasizing trading, payments, and AI, driven by user interest in products like perpetuals, prediction markets, and stablecoins. The integration expands the range of tradable assets beyond traditional cryptocurrencies, allowing users to speculate on various markets within a self-custodial framework. This reflects the growing significance of derivatives in the crypto ecosystem.

TheNewsCrypto08/20 09:06

Coinbase Adds Hyperliquid Perpetuals to Base App With Up to 50x Leverage

TheNewsCrypto08/20 09:06

US CFTC Imposes 5-Year Trading Ban on Former Alameda and FTX Executives

The U.S. Commodity Futures Trading Commission (CFTC) has issued consent orders against Caroline Ellison, former CEO of Alameda Research, and Gary Wang, co-founder of FTX. The orders, filed in a New York district court, require both to cooperate with the CFTC and impose a five-year trading ban. Ellison also received a 10-year registration ban, while Wang faces an eight-year registration ban. A CFTC official stated the sanctions reflect their substantial assistance in the commission's investigations related to FTX. This action concludes the CFTC's enforcement case against them, initiated alongside a December 2022 complaint against former FTX CEO Sam Bankman-Fried. The CFTC had previously ordered FTX and Alameda to pay $12.7 billion in restitution and disgorgement. Ellison and Wang, who testified against Bankman-Fried at his trial, faced fraud charges. Bankman-Fried was convicted and sentenced to 25 years in prison. Ellison served a shorter sentence and was released early, while Wang received credit for time already served.

cryptonews.ru08/19 16:46

US CFTC Imposes 5-Year Trading Ban on Former Alameda and FTX Executives

cryptonews.ru08/19 16:46

US commodities regulator imposes 5-year trading ban on ex-Alameda, FTX execs

The US Commodity Futures Trading Commission (CFTC) has issued consent orders against former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang. The orders, filed in a New York court, impose a five-year trading ban on both individuals. Ellison also faces a 10-year registration ban, while Wang received an eight-year registration ban. The CFTC stated that while Ellison and Wang were found liable for fraud at Alameda and FTX, their sanctions reflect their material assistance in the agency's investigations. The orders resolve the CFTC's enforcement actions against them. Both executives, along with former FTX engineering director Nishad Singh, had previously testified against ex-FTX CEO Sam Bankman-Fried, who was convicted and sentenced to 25 years. Ellison received a two-year sentence and was released early, while Singh and Wang received sentences of time served. The CFTC had previously ordered FTX and Alameda to pay $12.7 billion in disgorgement and restitution.

cointelegraph08/19 16:06

US commodities regulator imposes 5-year trading ban on ex-Alameda, FTX execs

cointelegraph08/19 16:06

Bitcoin 'Whale Investors' Increase Their Holdings by 43,000 BTC, Ending a Months-Long Selling Wave

Large Bitcoin holders, defined as non-exchange and non-mining pool wallets, have accumulated approximately 43,000 BTC (worth around $2.9 billion) over the past 60 days. This marks a significant reversal from a several-month period where this same group were net sellers, contributing to downward pressure on Bitcoin's price following its October 2025 all-time high. The accumulation began when Bitcoin fell to around $60,000, a level that seemingly attracted large holders who had stayed on the sidelines during the sharper phase of the decline. Bitcoin has since recovered to trade in a narrower range between $62,000 and $65,000. This renewed demand is not limited to the largest "whale" wallets. Balances of so-called "dolphin" holders also increased in the same period, indicating a broader accumulation trend beyond just a handful of mega-wallets. This activity occurs against a backdrop of declining overall market activity, with August spot trading volumes hitting their lowest monthly level since August 2021, meaning the whale purchases represent a disproportionately large share of total market activity. This buying shift contrasts with the dominant selling trend seen for much of 2026 from other major entities. Looking ahead, a key factor to watch is whether this large-investor activity persists as Bitcoin approaches the upper bound of its recent $62k-$65k trading range.

cryptonews.ru08/19 13:36

Bitcoin 'Whale Investors' Increase Their Holdings by 43,000 BTC, Ending a Months-Long Selling Wave

cryptonews.ru08/19 13:36

What Are the Odds: Only 6% of Solana Meme Traders Made a Profit Over 90 Days

Memecoin Trading on Solana: Only 6% Turn a Profit in 90 Days A new dashboard tracking Solana memecoin traders reveals that only 6.25% were profitable over the last 90 days. Out of 304,161 active traders, just 19,003 made a profit, with the average trader losing $120. Realized losses across the sector totaled $1.26 billion, and among profitable traders, 88% earned less than $100. Only 25 wallets gained over $10,000, indicating a shift from high-yield opportunities to a peer-to-peer transfer of losses. Despite poor profitability compared to other crypto speculation, memecoin activity remains high, driven by incentives like copy-trading, influencer tokens, and point farming. Platforms like Pump.fun are seeing record fee revenue, exceeding $4.4 million daily. The model persists partly because launches are fully on-chain, bypassing centralized exchange listings and pre-launch hype. New applications like FOMO, which features social copy-trading, have attracted novice users who often incur immediate losses. Similarly, a platform launched by influencer Ansem uses airdrops to drive engagement, though trading there typically leads to losses as well. The trend suggests that while memecoins continue to draw in new participants, the vast majority end up losing money.

cryptonews.ru08/19 11:31

What Are the Odds: Only 6% of Solana Meme Traders Made a Profit Over 90 Days

cryptonews.ru08/19 11:31

Frenzy Surrounding Unitree's Humanoid Robots Exceeds Hyperliquid Traders' Expectations

The Chinese robotics company Unitree Robotics made a highly anticipated debut on the Shanghai Stock Exchange on August 19, 2026. Its shares soared 629% above their IPO price, valuing the company at approximately $66 billion at the start of trading. This represents one of the most significant investor frenzies around physical AI—systems combining AI with robots. Prior to the listing, crypto traders on the Hyperliquid platform had already been speculating on the company's value through a perpetual futures contract, pegging its valuation at around $38 billion. The actual debut massively exceeded these crypto market predictions by about 75%. The contract's trading volume reached $64 million. Unitree, specializing in humanoid and quadruped robots, is now mainland China's first publicly listed humanoid robot company. It shipped over 5,500 humanoid units in 2025, leading global sales. The company's 2025 revenue surged to 1.7 billion yuan from 393 million yuan a year earlier, with a net profit of 278 million yuan and gross margins exceeding 60%. The IPO, which raised about 6.1 billion yuan ($905 million), reflects intense investor interest in the physical AI sector. JPMorgan estimates the humanoid robot market could grow from $2 billion in 2025 to $300 billion by 2035, with China holding about 75% of the global market share due to lower production costs. However, analysts warn of potential overvaluation, noting the stock's price far exceeds traditional financial metrics and is driven by retail speculation. The company faces the challenge of translating pilot projects and demonstrations into widespread commercial adoption. Strategic investors in the IPO included AI firm DeepSeek, Tencent, and units of major state-owned companies.

cryptonews.ru08/19 11:31

Frenzy Surrounding Unitree's Humanoid Robots Exceeds Hyperliquid Traders' Expectations

cryptonews.ru08/19 11:31

Trade.xyz Captures Over Half of Hyperliquid's Trading Volume with AI Chip Stocks and Crude Oil Perpetual Contracts

**Title:** Trade.xyz Captures Over Half of Hyperliquid's Trading Volume with AI Chip Stocks and Oil Perpetuals **Summary:** Driven by the launch of AI chip stock and oil perpetual contracts, Trade.xyz has become the dominant builder on Hyperliquid following its HIP-3 upgrade, now accounting for over 55% of the platform's trading volume. The HIP-3 proposal shifted market creation from validator votes to a staking and auction model, allowing builders like Trade.xyz to deploy their own perpetual futures markets. Trade.xyz's focus on traditional assets like AI/Compute equities, crude oil, and major indices has attracted significant on-chain trading activity. In the past month alone, it generated approximately $5 million in fees, which are split 50/50 with Hyperliquid. A significant portion of this revenue is used for open-market buybacks of the HYPE token, reducing its circulating supply and creating a direct link between platform activity and token value capture. This growth highlights both the potential for ecosystem concentration around a single major builder and the evolving mechanisms for HYPE's value accrual.

marsbit08/19 09:41

Trade.xyz Captures Over Half of Hyperliquid's Trading Volume with AI Chip Stocks and Crude Oil Perpetual Contracts

marsbit08/19 09:41

BIT Trading Moment: BTC Buying Pressure Rises but Bearish Sentiment Remains Strong, 50-Month EMA Difficult to Break, SK Hynix Attempts to Stabilize Memory

BIT Trading Hours: BTC Buying Rebounds but Bearish Sentiment Persists; 50-Month EMA Presents Resistance; SK Hynix Attempts to Stabilize the Memory Sector. Bitcoin briefly reclaimed $65,000, its first time since August 10th, showing a temporary decoupling from traditional risk assets pressured by soaring long-term U.S. Treasury yields. Key support is seen at $62k-$63k, with resistance near the 50-month Exponential Moving Average around $65.4k. While on-chain data indicates recovering spot demand, potentially signaling a local bottom, the options market remains skewed bearish. BIT analysis notes significant downside risk remains if historical bear market patterns repeat, with a potential drop to ~$45.5k. Global equity markets faced intense selling pressure, driven by a bond market storm. The U.S. 30-year yield hit a multi-year high above 5.33%, raising global funding costs. The AI sector was at the epicenter of the sell-off, with the Philadelphia Semiconductor Index plunging ~5% as investors questioned the sustainability of massive AI capital expenditures amid high debt costs. Storage stocks like Micron led declines. SK Hynix's announcement of a major share buyback provided some stability to the memory sector during after-hours trading. However, most tech stocks remained under pressure. In Asia, South Korean and Japanese indices fell sharply, heavily impacted by chip stock declines. Chinese robotics company Unitree Tech had a volatile market debut on Shanghai's STAR Market, soaring over 600% at one point before paring gains, making its founder a billionaire. Despite this individual success, the broader robotics sector in A-shares sold off heavily. Key upcoming events include the U.S. 20-year Treasury auction and the release of the Federal Reserve's July meeting minutes, which will be crucial tests for bond market stability and monetary policy expectations.

marsbit08/19 09:29

BIT Trading Moment: BTC Buying Pressure Rises but Bearish Sentiment Remains Strong, 50-Month EMA Difficult to Break, SK Hynix Attempts to Stabilize Memory

marsbit08/19 09:29

Bitwise CIO: Three Major Cognitive Errors Common Among Crypto Investors Today

Bitwise CIO Matt Hougan highlights three key misconceptions he believes many crypto investors currently hold, presenting them as opportunities for those who see beyond them. First, investors significantly underestimate the total addressable market for crypto applications. While many view platforms like Uniswap only as tools for trading crypto assets (a ~$2 trillion market), their true potential lies in tokenizing and trading *all* asset classes—such as stocks and bonds—which represent markets hundreds of trillions of dollars in size. Second, there's a persistent overestimation of traditional financial institutions' ability to dominate crypto-native sectors. Examples like PayPal's stable币 (with ~1% market share vs. Tether/Circle's 88%) and Fidelity's custody business (trailing Coinbase) show that crypto-native firms often win due to faster iteration, focused expertise, and established user trust within the crypto ecosystem. Third, investors linearly extrapolate future on-chain transaction volumes from today's data, severely underestimating potential growth. The shift to 24/7 trading for tokenized assets could multiply trading hours by 5x. When combined with AI agents that may execute trades far more frequently than humans, transaction volumes could grow by 10x to 100x, massively boosting revenue for underlying blockchains and applications. Hougan concludes that the gap between the rapid pace of industry change and slower mainstream perception updates creates significant investment opportunities.

marsbit08/19 08:07

Bitwise CIO: Three Major Cognitive Errors Common Among Crypto Investors Today

marsbit08/19 08:07

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