# Сопутствующие статьи по теме DeFi

Новостной центр HTX предлагает последние статьи и углубленный анализ по "DeFi", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Bitwise: The Institutional Wave Has Arrived, Why Is the Market Still Asleep?

The biggest alpha opportunities in financial markets come from behavioral biases like anchoring, where investors cling to initial impressions. This is why the crypto market is currently mispriced: traditional investors still anchor crypto to its early, counterculture image, while crypto natives suffer from "crying wolf" fatigue after years of promised institutional adoption. Yet, the institutional wave is already here. Wall Street is loudly announcing its move on-chain. SEC Chair Paul Atkins has initiated a commission-wide project to modernize securities regulation for blockchain. BlackRock’s Larry Fink declared we are at the beginning of asset tokenization, evidenced by the firm’s $2+ billion BUIDL tokenized treasury fund on Uniswap and an investment in UNI. Apollo is tokenizing a credit fund on six blockchains and acquiring a stake in Morpho. JPMorgan, Bank of America, Citi, and Wells Fargo are collaborating on a stablecoin. JPMorgan has issued a deposit token on Base, and Fidelity is hiring for a DeFi treasury role. The potential market is enormous: a $30 trillion ETF market, $110 trillion in equities, and $145 trillion in bonds. In contrast, the entire tokenized market is just $20 billion, suggesting potential for exponential growth. The chart of tokenized real-world assets (RWA) value shows a near-vertical growth trajectory, yet this reality is disconnected from market perception. The key challenge is determining how to capture this opportunity, as unanswered questions remain about whether value will accrue to public blockchains, new quasi-private networks, DeFi tokens, or traditional institutions. The certainty is that a massive gap exists between the market’s outdated perception of crypto and its current reality. This divergence represents a significant alpha opportunity—not in picking winners prematurely, but in gaining broad exposure to the entire sector while it remains mispriced. The largest gains occur when consensus is stale and reality has moved on. That time is now for crypto.

marsbit02/25 09:19

Bitwise: The Institutional Wave Has Arrived, Why Is the Market Still Asleep?

marsbit02/25 09:19

Dialogue with Dragonfly Managing Partner Haseeb: AI Apocalypse Is Still Far Away, Smart Contracts Are Laws Born for Machines

Dragonfly Capital managing partner Haseeb Qureshi reflects on the crypto industry's evolution, the intersection of AI and crypto, and surviving market cycles. He discusses the departure of peers like Multicoin Capital’s Kyle Samani as symbolic of the industry’s maturation, noting that crypto space has shifted from rebellion to becoming part of the establishment. Haseeb argues that AI and crypto are complementary: AI agents will require cryptocurrencies for fast, predictable, cross-border transactions, with smart contracts serving as "law for machines." He cautions against overestimating the near-term impact of AGI, drawing parallels to the decades-long adoption of industrial revolution technologies. Reflecting on the recent crypto bear market, including the October 2021 flash crash, he emphasizes the importance of survival—staying at the table to participate in future cycles. His key insight: "The biggest alpha in crypto is survival. As long as you’re not knocked out, you have a seat at the feast."

marsbit02/25 08:51

Dialogue with Dragonfly Managing Partner Haseeb: AI Apocalypse Is Still Far Away, Smart Contracts Are Laws Born for Machines

marsbit02/25 08:51

February's Major Adjustment: Is the Crypto Market Bottoming Out?

February witnessed a significant crypto market downturn, with Bitcoin briefly falling below $61,000, marking one of the worst starts to a year in over a decade. The sell-off was driven by risk aversion, declining liquidity, and ongoing de-leveraging rather than a fundamental collapse in value. Key indicators, such as the negative Coinbase Premium Index and substantial outflows from Bitcoin ETFs, reflected weakened institutional demand and persistent selling pressure, particularly in the U.S. market. Market liquidity thinning exacerbated volatility, with order book depth significantly reduced. Stablecoin growth also stalled, indicating a pause in new capital inflow rather than a broad exodus. Despite the correction, structural advancements continued, exemplified by Hyperliquid’s expansion into real-world asset (RWA) perpetual contracts—such as commodities and equities—showcasing deeper integration between crypto and traditional finance. Bitcoin’s decline approached its realized price, suggesting the market is entering a potential accumulation phase. While valuation metrics like MVRZ indicate undervaluation, they haven’t reached historical bear-market extremes. The ongoing institutional adoption of DeFi infrastructure and regulatory developments, like CME’s 24/7 crypto futures, highlight continued maturation beneath surface volatility. In summary, February’s downturn was largely a liquidity and risk-sentiment stress test. The market’s foundation remains intact, with catalysts like regulatory clarity and capital flow reversal poised to influence future recovery.

marsbit02/25 07:27

February's Major Adjustment: Is the Crypto Market Bottoming Out?

marsbit02/25 07:27

When DeFi Enters the "Exchange Era": The Ambition and Boundaries of Hyperliquid

Hyperliquid is a specialized Layer 1 blockchain designed to bring a centralized exchange-like experience to on-chain perpetual contract trading. It places order books, matching, execution, and liquidation primarily on-chain while achieving performance and usability comparable to major CEXs. Its native token, HYPE, captures value from trading fees and embodies a hybrid narrative of both exchange and blockchain utility. Key innovations include the HLP (Hyperliquid Liquidity Provider) mechanism, which incentivizes liquidity provision and supports market-making activities. However, Hyperliquid faces challenges including decentralization trade-offs, systemic risks from derivatives, potential HLP user misunderstandings, and future regulatory pressures. It represents a significant shift in DeFi towards exchange-grade usability but remains a high-risk, complex financial experiment.

比推02/25 06:18

When DeFi Enters the "Exchange Era": The Ambition and Boundaries of Hyperliquid

比推02/25 06:18

Solana Hit Hard: $27 Million Exploit Triggers Wave Of Shutdowns

Step Finance, a DeFi analytics platform on Solana, has announced a complete shutdown of all services following a major security breach. The incident resulted in an unrecoverable loss of approximately 261,854 SOL (worth around $27 million) from the project's treasury. This direct attack on its reserves forced the team to wind down operations, including its main dashboard and linked businesses like SolanaFloor and Remora Markets. A token buyback based on a pre-hack snapshot is planned for STEP holders, while Remora rToken owners will have a separate redemption process. The news caused STEP's price and liquidity to collapse. This event highlights the severe impact of security failures and contributes to a broader decline in activity and value within the Solana DeFi ecosystem.

bitcoinist02/25 03:02

Solana Hit Hard: $27 Million Exploit Triggers Wave Of Shutdowns

bitcoinist02/25 03:02

Cardano Gains Institutional Momentum as Smart Contract Fund Exposure Surges

Institutional investors are increasing their exposure to smart contract platforms, with Cardano (ADA) becoming a central focus. Grayscale Investments has raised its ADA allocation in its Smart Contract Fund to 20.2%, making it the fund's third-largest holding behind Ethereum and Solana. This signals growing institutional confidence in Cardano's long-term ecosystem, despite ongoing market weakness and ADA's price trading near key support at $0.24. Additionally, Cardano has integrated with LayerZero, enabling cross-chain interoperability with over 80 blockchains. This aims to improve liquidity and DeFi access by allowing direct asset and data transfers between networks like Ethereum and Solana. Further roadmap upgrades focus on scalability, privacy sidechains, and stablecoin integrations to attract institutional use cases. While technical indicators remain cautious, the institutional accumulation and ecosystem developments suggest strengthened long-term positioning.

bitcoinist02/25 00:01

Cardano Gains Institutional Momentum as Smart Contract Fund Exposure Surges

bitcoinist02/25 00:01

Capital Rotation From Solana and Cardano Into Ozak AI Highlights the Search for Bigger Percentage Upside

Investors are shifting capital from established Layer-1 cryptocurrencies like Solana and Cardano to emerging projects with higher growth potential, such as Ozak AI. Currently in its final presale phase at $0.014 per token, Ozak AI aims to list at $1, offering significant upside for early participants. The project has raised over $6.14 million, with 1.12 billion tokens sold. Ozak AI is an AI-driven platform providing real-time financial market insights, predictive analytics, and customizable trading agents. It features cross-chain compatibility, staking, governance, and subscription-based services using its native $OZ token. The project has formed strategic partnerships with entities like AImstrong and Openledger to enhance its predictive and data capabilities. This capital rotation reflects a broader market trend favoring early-stage tokens with asymmetric risk-reward profiles and strong technological foundations.

TheNewsCrypto02/24 15:32

Capital Rotation From Solana and Cardano Into Ozak AI Highlights the Search for Bigger Percentage Upside

TheNewsCrypto02/24 15:32

Stablecore teams up with Jack Henry: 1,600 banks eye stablecoins

Stablecore's partnership with Jack Henry integrates stablecoin services into the traditional banking system, providing access to over 1,600 banks and credit unions. This move enhances stablecoin adoption by enabling financial institutions to offer stablecoin accounts and staking yields, bridging the gap between DeFi and TradFi. The collaboration also encourages Layer-1 networks to scale their infrastructure to support growing demand, further legitimizing stablecoins and accelerating their role in mainstream finance.

ambcrypto02/24 14:16

Stablecore teams up with Jack Henry: 1,600 banks eye stablecoins

ambcrypto02/24 14:16

BlackRock and Citadel Are Aggressively 'Sweeping Goods': What Fundamental Changes Have Occurred in the Logic of TradFi Entering DeFi?

Traditional finance (TradFi) giants like BlackRock, Citadel Securities, and Apollo Global Management are now directly purchasing DeFi governance tokens (UNI, ZRO, MORPHO), signaling a strategic shift beyond mere equity investments or pilot programs. This move is primarily about securing access to and aligning with the infrastructure they plan to use for tokenizing and distributing their products on-chain, rather than making broad portfolio bets on DeFi assets. Key drivers include improved custody/operational infrastructure and greater regulatory clarity, such as the upcoming repeal of SAB 121 and potential market structure legislation like the CLARITY Act. While this represents a structural change in institutional engagement, the token price impact has been muted due to weak market conditions and a lack of direct value capture mechanisms for most tokens. For governance tokens to function more like strategic equity, clearer value accrual (e.g., fee switches), reduced VC selling pressure, and enhanced regulatory certainty are needed. Concerns about governance centralisation exist, but increased professional participation could improve oversight. More TradFi firms, particularly those building tokenized products (e.g., Fidelity, Franklin Templeton), are expected to follow, focusing on blue-chip protocols in stablecoins, RWAs, and trading infrastructure.

marsbit02/24 10:45

BlackRock and Citadel Are Aggressively 'Sweeping Goods': What Fundamental Changes Have Occurred in the Logic of TradFi Entering DeFi?

marsbit02/24 10:45

Terraform Labs Administrator Sues Jane Street Over Terra Collapse

Terraform Labs' bankruptcy administrator has sued Jane Street, alleging insider trading related to the 2022 TerraUSD collapse. The lawsuit claims Jane Street used non-public information to withdraw around $85 million in TerraUSD from a liquidity pool before the stablecoin lost its peg to the U.S. dollar, which triggered a market crash wiping out billions. The administrator is seeking compensation and the return of alleged ill-gotten gains. Jane Street has denied the allegations and plans to defend itself in court. This case is part of the wider legal fallout from Terra's collapse and may test how traditional insider trading laws apply to decentralized finance markets.

TheNewsCrypto02/24 09:07

Terraform Labs Administrator Sues Jane Street Over Terra Collapse