2026-04-17 Пятница

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Solving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin

This article analyzes three certain global trends that will converge to create an unprecedented "intergenerational prisoner's dilemma" for capital markets. First, the global population pyramid is inverting. An aging generation must liquidate an estimated $60-70 trillion in assets (stocks, real estate) to fund retirements. This will cause a long-term deflation in these markets as younger generations, with less wealth and income, are unwilling or unable to buy at current prices. Policies are emerging to force the next generation to become the "exit liquidity." Second, extreme wealth inequality will reach a breaking point. With wealth highly concentrated and stagnant, it stifles economic velocity. The inevitable political solution will be wealth taxes, as seen in the Netherlands' recent bill to tax unrealized gains. This will lead to global capital controls, revoking capital's "global passport" and trapping it within jurisdictions. Third, AI will systematically destroy the value of human labor while concentrating value in capital—specifically, in those who control compute, data, and models. AI is a capital-biased technology that will redefine capital itself to include data and human "intent," creating a new AI-native economic system with new asset classes. The convergence of these three certainties creates a scenario where all rational actors will simultaneously seek exit liquidity. The only logical response is to hold "nomadic capital"—digital, borderless, and jurisdictionless assets that are held by the young, difficult for governments to tax or confiscate, and natively usable by autonomous AI systems. This capital can migrate across generations, political borders, and digital economies, making it the essential asset for the coming era.

marsbit03/12 10:29

Solving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin

marsbit03/12 10:29

On the Eve of the Explosion of On-Chain Options

On-Chain Options on the Brink of Breakout The cryptocurrency options market is larger than most realize, with CME's crypto derivatives volume up 46% year-over-year. Institutional investors require defined-risk tools like options for hedging large positions. A pivotal shift occurred in mid-2025 when Bitcoin options open interest reached $65 billion, surpassing futures for the first time, indicating a move from pure leverage to risk-defined instruments. Growth is concentrated on Deribit (now backed by Coinbase after its acquisition) and traditional finance capital via IBIT options. While decentralized derivatives have grown from 2% to over 10% market share in two years, on-chain options remain nascent. @DeriveXYZ leads with over $700 million in notional options volume over 30 days. It has evolved from an AMM to a gas-free central limit order book on its own L2, featuring portfolio margin and cross-margin. @KyanExchange is approaching similarly with on-chain portfolio margining and partial liquidation mechanics. Structured products and asset managers urgently need options for their defined risk/return profiles. Institutional demand is clear, with IBIT options OI surpassing the gold ETF GLD and CME handling $3 trillion in crypto derivatives notional volume in 2025. Regulatory clarity is improving. A joint statement from the SEC and CFTC in 2025 allows regulated exchanges to trade spot crypto assets, and the CLARITY Act has passed the House. This improved environment, alongside CME's planned 24/7 crypto options launch, suggests the timing is finally ripe for on-chain options to flourish.

marsbit03/12 10:29

On the Eve of the Explosion of On-Chain Options

marsbit03/12 10:29

Developer Harbor: Hong Kong's New Opportunities in the AI Era (Beijing Station) Concludes Successfully, Ushering in a New Journey for Alpha Builders

On March 11, 2026, the "Developer Harbor: Hong Kong's New Opportunities in the AI Era (Beijing)" event, co-hosted by Web3Labs and YZi Labs, was successfully held at StarLand Center in Beijing. The event brought together over a hundred builders from universities and tech organizations across China to explore Hong Kong's role as an international tech innovation hub in the AI age. The event featured opening remarks from government representatives, including officials from Beijing and Hong Kong, who emphasized the strategic synergy between the two cities in tech innovation, talent mobility, and industrial collaboration. A representative from the Hong Kong government also introduced talent admission policies to support mainland tech professionals seeking opportunities in Hong Kong. Web3Labs CEO Caspar Wong delivered a keynote, arguing that the convergence of AI and Web3 lies at the protocol layer rather than the application layer, with future investment logic focusing on composable, verifiable, and operational infrastructure of real value. A major highlight was the introduction of the "Alpha Builders Innovation Recruitment Program," an initiative by Web3Labs and YZi Labs aimed at identifying and empowering China’s most promising tech builders. Seven teams from top universities such as Tsinghua, Peking, Fudan, and Zhejiang presented projects spanning AI agents, Web3 infrastructure, biocomputing, and privacy computing. Selected teams will gain access to mentorship, ecosystem resources, and early-stage funding through programs like the EASY Residency. The event underscored Hong Kong’s growing importance as a bridge linking innovative talent to the global stage, with Web3Labs and YZi Labs committed to supporting builders who are creating a more intelligent, open, and composable digital future.

marsbit03/12 09:16

Developer Harbor: Hong Kong's New Opportunities in the AI Era (Beijing Station) Concludes Successfully, Ushering in a New Journey for Alpha Builders

marsbit03/12 09:16

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