# Сопутствующие статьи по теме Finance

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

Two Paths, One Destination

Coinbase and Robinhood, despite recent earnings misses, are undergoing significant transformations that diverge from simplistic narratives tied to crypto performance. Both are systematically diversifying their revenue streams to reduce cyclical dependency. Coinbase’s subscription and service revenue reached $2.8B in 2025, 5.5x its 2021 peak. It now holds 12% of global crypto assets and is expanding into derivatives (via the Deribit acquisition), prediction markets, and institutional services, partnering with major banks and asset managers like BlackRock. Its long-term goal is to become a foundational settlement layer for on-chain finance. Robinhood’s growth is highlighted by a 27% YoY increase in ARPU to $191, driven largely by its prediction markets—its fastest-growing product line, generating $300M in annualized revenue. Other key drivers include options trading and subscription services. The company is also expanding into banking and private market access through Robinhood Ventures, aiming to capture a share of generational wealth transfer. Though they started from opposite ends—Coinbase in crypto, Robinhood in traditional equities—both are converging toward the same vision: a financial super-app for retail users. They are now competing directly in emerging areas like prediction markets, tokenization, and private market access, with the goal of deepening user financial integration and becoming indispensable platforms.

marsbit02/24 10:36

Two Paths, One Destination

marsbit02/24 10:36

Crypto’s Investable Universe Is Shrinking: NYDIG

According to NYDIG's Head of Research Greg Cipolaro, the crypto industry's investable universe is shrinking as markets mature. He argues that only a limited set of blockchain applications can attract sustained capital, suggesting the broader Web3 vision may need recalibration. Investors are now focusing on applications that extend traditional financial products onto blockchain infrastructure, including Bitcoin, tokenized assets, stablecoins, select DeFi infrastructure, and general-purpose blockchains like Ethereum. Cipolaro emphasizes that blockchain’s core attributes—trustlessness, permissionlessness, and censorship resistance—align best with financial use cases, where they provide clear advantages over centralized systems. He notes that most non-financial applications, such as gaming or social media, don’t require global immutable ledgers and are more efficiently served by centralized alternatives. This shift has led to capital concentration around fewer, stronger narratives, increasing Bitcoin’s market dominance while reducing investment in speculative altcoins. Cipolaro views this trend as market consolidation rather than collapse, with a focus on economically sustainable applications. A smaller, more durable market grounded in financial utility may enhance long-term stability and attract institutional interest. The crypto space may ultimately function as a specialized financial technology layer rather than a comprehensive Web3 overhaul. The next phase of development will likely emphasize real-world utility, regulatory clarity, and prudent capital allocation over rapid narrative expansion.

TheNewsCrypto02/23 09:02

Crypto’s Investable Universe Is Shrinking: NYDIG

TheNewsCrypto02/23 09:02

Bitdeer Liquidates 943.1 BTC Reserves: Is It a 'Winter Is Coming' for Mining Giants or a 'Breakthrough Rebirth' in the AI Sector?

Bitdeer, a major Bitcoin mining company, has completely liquidated its Bitcoin reserves, selling off 943.1 BTC despite recently becoming the world's largest publicly traded mining firm by self-mining hash rate (63.2 EH/s). This move reflects severe pressure from plummeting mining profitability, driven by a sharp 14.72% increase in Bitcoin network difficulty and a collapse in Hashprice to under $30/PH/s/day—pushing many miners toward unprofitability. Rather than holding volatile Bitcoin assets, Bitdeer is prioritizing cash flow and strategic financial maneuvering. The company raised $325 million via convertible senior notes, partly to restructure debt and hedge against equity dilution, signaling a shift toward sophisticated corporate finance practices. The core strategy involves pivoting from Bitcoin mining to high-performance computing (HPC) and AI cloud services. Bitdeer aims to leverage its energy infrastructure and data center expertise to capture opportunities in the high-demand AI compute market, where long-term contracts offer more stable revenue compared to Bitcoin's volatility. This transition marks a broader industry trend where large miners evolve into diversified energy and compute infrastructure providers, prioritizing capital efficiency and new high-margin opportunities over traditional "HODL" strategies.

marsbit02/23 04:41

Bitdeer Liquidates 943.1 BTC Reserves: Is It a 'Winter Is Coming' for Mining Giants or a 'Breakthrough Rebirth' in the AI Sector?

marsbit02/23 04:41

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