# Сопутствующие статьи по теме Governance

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

The Year Token Economics Were Debunked

The year 2025 is portrayed as a turning point where the fundamental economic model of crypto tokens was invalidated. The passage of regulatory frameworks like the CLARITY Act in the US forced projects to choose between being classified as a security (under the SEC) or a commodity (under the CFTC), with most falling into the former category. This led to a crisis of "coin rights" (币权). A key trend emerged: traditional financial institutions began acquiring crypto companies, but only for their technology and talent, explicitly excluding the associated tokens from deals. Examples include Circle's acquisition of Interop Labs (without the AXL token) and similar moves by Kraken and Coinbase. This shattered the investor narrative that buying a project's token was equivalent to owning equity, as tokens held no legal claim to a company's assets or profits. Simultaneously, major DeFi protocols like Aave and Uniswap faced internal conflicts. Aave's developers were accused of diverting front-end fees from the community treasury, while Uniswap had to implement complex legal structures to distribute fees to token holders without attracting SEC scrutiny. This highlighted a core dilemma: providing token dividends risked being classified as a security, while avoiding regulation meant tokens remained valueless. The article concludes that the crypto industry is being assimilated into traditional finance, but this "fusion" means value is flowing toward legally recognized entities—companies, equity, and licenses—rather than to token holders. Tokens, like American Depositary Shares (ADS), may remain as tradable rights, but they lack the legal protections and claims of traditional equity, marking the end of an era for the original token economy promise.

marsbit01/21 06:06

The Year Token Economics Were Debunked

marsbit01/21 06:06

TenX Acquires 5.54M XTZ in Strategic Tezos Staking Partnership with the Tezos Foundation

TenX Protocols Inc., a publicly traded blockchain infrastructure company, has acquired 5,542,935.08 XTZ tokens (Tezos) at an average cost of $0.5868 per token as part of a strategic staking partnership with the Tezos Foundation. The acquisition, funded through the company’s earlier financing, supports TenX’s validator operations on the Tezos network and aligns with its long-term strategy of revenue generation through staking and ecosystem involvement. The Tezos Foundation intends to delegate a portion of its XTZ holdings to TenX’s validators, pending due diligence, to support network security and decentralization. TenX’s CEO, Mat Cybula, emphasized that Tezos was chosen for its governance model, technical maturity, and scalability. Arthur Breitman, co-founder of Tezos, noted that TenX’s long-term validator approach is a natural fit for the network. Tezos’ self-amending architecture, which has undergone 19 upgrades, offers institutional functionality, improved performance, and staking ease. The acquisition aims to turn crypto assets into predictable income through staking while contributing to the network’s security. TenX focuses on recurring revenue from crypto assets and provides infrastructure and development services across blockchain networks.

TheNewsCrypto01/20 16:23

TenX Acquires 5.54M XTZ in Strategic Tezos Staking Partnership with the Tezos Foundation

TheNewsCrypto01/20 16:23

Injective’s ‘supply squeeze’ clears with 99% vote – What’s next for INJ?

Injective's 'supply squeeze' proposal was overwhelmingly approved with 99.89% of the vote. The plan aims to dramatically reduce the INJ token supply by doubling the token burn rate and cutting staking reward emissions in half. This aggressive deflationary upgrade complements the existing community buyback program, which has already removed over 6.8 million tokens from circulation. Despite the bullish tokenomics update, the price reaction was muted. INJ saw a brief 4% rally but gave back gains due to broader market pressures, including a Bitcoin dip. Futures market data showed persistently low demand and negative sentiment, indicating the update was overshadowed by macro conditions. It remains to be seen if the deflationary measures will significantly boost INJ's price long-term.

ambcrypto01/20 11:08

Injective’s ‘supply squeeze’ clears with 99% vote – What’s next for INJ?

ambcrypto01/20 11:08

Injective Passes Vote to Cut INJ Supply and Boost Deflation

The Injective community has overwhelmingly approved governance proposal IIP-617, passing with 99.89% support. This update significantly accelerates the network's deflationary strategy by reducing the rate of new INJ token emissions. It does not introduce a new burn mechanism but instead makes the existing token issuance more restrictive. This change works alongside the ongoing Community BuyBack program, which uses ecosystem revenue to buy and burn INJ on the open market. The proposal is the latest step in Injective's long-term plan to structurally reduce supply, building on previous upgrades like IIP-392. Despite these improved tokenomics, INJ's market performance remains volatile and heavily influenced by broader market sentiment, not just supply dynamics.

TheNewsCrypto01/20 07:50

Injective Passes Vote to Cut INJ Supply and Boost Deflation

TheNewsCrypto01/20 07:50

PancakeSwap tightens CAKE supply ceiling following tokenomics overhaul

PancakeSwap's community has approved a proposal to reduce the maximum supply of its native CAKE token from 450 million to 400 million. The vote, held from January 16 to 19, 2026, received near-unanimous support. This change follows the implementation of Tokenomics Proposal 3.0 in April 2025, which reduced daily emissions and resulted in a net burn of 8.19% of CAKE's total supply in 2025. The new cap does not affect the current circulating supply of approximately 334 million tokens but reduces long-term dilution risk. The move reinforces PancakeSwap's shift toward deflationary tokenomics and supply discipline, though short-term price impact remains muted.

ambcrypto01/19 17:57

PancakeSwap tightens CAKE supply ceiling following tokenomics overhaul

ambcrypto01/19 17:57

Solana Labs CEO Says Ethereum-Style ‘Walkaway’ Thinking Is a Death Wish

Solana Labs CEO Anatoly Yakovenko disagrees with Ethereum co-founder Vitalik Buterin's call for Ethereum to "ossify," arguing that continuous protocol iteration is essential for Solana's survival. Buterin had stated that Ethereum should reach a state where it remains functional even without ongoing updates, passing what he calls the "walkaway test." In contrast, Yakovenko believes that stopping innovation would cause Solana to lose relevance. He emphasizes that the network must constantly adapt to developer and user needs to avoid stagnation, though upgrades shouldn't rely on any single entity. Both share skepticism toward central dependency but differ on long-term upgrade philosophy.

bitcoinist01/19 15:32

Solana Labs CEO Says Ethereum-Style ‘Walkaway’ Thinking Is a Death Wish

bitcoinist01/19 15:32

Delphi Digital: Three Major Trends in Prediction Markets

Delphi Digital outlines three key trends shaping the future of prediction markets, now a $600M+ sector. Major players like CME Group, Coinbase, and Robinhood are entering, while incumbents Polymarket and Kalshi aggressively expand. Polymarket focuses on CFTC-compliant crypto-native infrastructure, U.S. re-entry, and Web2 partnerships. Kalshi leverages regulatory advantages and orderbook liquidity for global growth. Layer 1 and Layer 2 networks now have economic incentives to capture prediction market activity. Verticalized markets for specific user groups will outperform generic platforms. Three predictions are highlighted: 1. **Perpetual-ized Options**: Prediction markets simplify options into binary, expiry-free formats (e.g., “Will BTC close above $150K on June 30?”), boosting accessibility. 2. **Native On-Chain Risk Markets**: These will provide DeFi-native insurance (e.g., short-term markets to hedge stETH depegging risks). 3. **Unbundling**: The stack will split to serve different users—professional tools (aggregators, advanced analytics) and social-first interfaces for mass adoption. AI agents may soon dominate arbitrage, pushing innovation toward new mechanisms like impact markets, sentiment prediction, virtual sports, futarchy, and coordination markets. Prediction markets are evolving into foundational infrastructure for options, insurance, and governance.

链捕手01/19 15:30

Delphi Digital: Three Major Trends in Prediction Markets

链捕手01/19 15:30

Prediction Markets Don't Predict Truth, They Only Reward Those Who Bet Correctly

The article challenges the core narrative surrounding prediction markets, arguing they do not discover "truth" but merely reward those who bet correctly on future outcomes. It uses two key examples to illustrate this: the profitable bet on Venezuelan President Maduro's arrest, which suggests markets can monetize insider information rather than aggregate public knowledge, and the "Zelensky suit" market, where the outcome was manipulated by large token holders, revealing a failure of governance incentives. The piece contends that as prediction markets grow, attracting Wall Street capital and handling billions in volume, they face increased regulatory scrutiny. This is not due to inaccuracy, but because their accuracy can stem from problematic sources like privileged access. The author asserts that the fundamental activity is simply betting on narratives, and that dressing it up as a superior form of truth-discovery creates unrealistic expectations and philosophical dilemmas. The conclusion is that recognizing prediction markets as high-stakes betting tools, rather than epistemological engines, would lead to healthier development, clearer regulations, and more honest design.

marsbit01/18 06:38

Prediction Markets Don't Predict Truth, They Only Reward Those Who Bet Correctly

marsbit01/18 06:38

United Stables (U) Project Report

United Stables ($U) is a USD-pegged stablecoin project developed by United Stables Limited (BVI-registered) to serve as a unified liquidity layer connecting exchanges, DeFi, payment networks, and AI-driven systems. It operates on BNB Chain with an identical circulating supply and uncapped maximum supply. The project is integrated with platforms like Binance, Venus Protocol, and Cobo, and introduced zero-fee trading pairs on Binance in January 2026. $U is backed 1:1 by fiat (USD) and high-quality stablecoins held in audited, segregated custody. Key features include gasless transfers (via EIP-3009), support for gas payments on TokenPocket, and AI-ready programmable functions for autonomous transactions. It uses a "stablecoin pool" model, accepting only top-tier stablecoins (e.g., USDT, USDC) as collateral, with automated daily rebalancing. The economic model includes free minting, a 0.1% redemption fee directed to an insurance fund, and plans for hybrid DAO governance by Q4 2026. The roadmap outlines multi-chain integration, instant swap features, enterprise privacy solutions, and a Visa partnership. Risks involve regulatory uncertainty (no registration under MiCA, Hong Kong, or U.S. frameworks), reliance on partner ecosystems, and potential instability from unlimited supply. Opportunities include low-cost cross-border payments, DeFi yield, and AI-driven use cases.

marsbit01/17 11:15

United Stables (U) Project Report

marsbit01/17 11:15

$HTX Quarterly Burn Hits a New High of 13.62 Trillion, Total Burn Volume Nears 10% of Total Supply

HTX DAO announced a record quarterly burn of 13.62 trillion $HTX tokens in Q4 2025, valued at over $23.31 million, marking a 36.4% year-over-year increase. This brings the cumulative burn to nearly 100 trillion tokens, approaching 10% of the total supply and accelerating deflation. Despite market challenges, HTX Exchange contributed 50% of its revenue to support the burn mechanism, reflecting strong fundamentals. The platform also reported significant user growth, trading volume, and capital inflows in 2025. HTX DAO remains committed to transparent tokenomics, community governance, and expanding $HTX utility across CeFi and DeFi ecosystems.

TheNewsCrypto01/17 06:30

$HTX Quarterly Burn Hits a New High of 13.62 Trillion, Total Burn Volume Nears 10% of Total Supply

TheNewsCrypto01/17 06:30

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