# Сопутствующие статьи по теме Liquidity

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

In Just 70 Days, Polymarket Easily Rakes in Tens of Millions in Fees

Polymarket, a prediction market platform, has generated over $11.2 million in fees in just 70 days since introducing transaction fees on January 6. Initially applied only to "15-minute crypto up/down" markets, the fee structure charges more when odds are near 50% (up to 1.56%) and less when they approach 0% or 100%. By March 6, fees were expanded to all crypto-related markets, which now drive most of the revenue. Weekly fee income has shown consistent growth, reaching $1.84 million in a recent week. If current trading volume and structure continue, Polymarket’s annualized revenue is estimated at $58.4 million under a conservative model. A more aggressive projection—assuming fees are applied to all markets—could yield up to $360 million per year. The platform has also distributed $13.41 million in liquidity provider incentives, which March revenue is on track to cover entirely. Polymarket’s revenue potential hinges on two factors: continued growth in trading volume and further expansion of fee-based markets. The platform has effectively proven the profitability of the prediction market model, positioning it as a highly efficient revenue generator in the crypto ecosystem.

Odaily星球日报03/16 10:38

In Just 70 Days, Polymarket Easily Rakes in Tens of Millions in Fees

Odaily星球日报03/16 10:38

Mapping Ethereum’s macro sensitivity – Oil, liquidity & why ETH absorbs it all

The Ethereum market is undergoing a significant structural shift, with derivatives now dominating price discovery. Futures trading on major exchanges like Binance has grown to be over 12 times larger than spot trading. This surge in leveraged activity makes the market more fragile, as evidenced by recent liquidations totaling $135 million, which can trigger rapid price cascades. Concurrently, Ethereum is displaying heightened sensitivity to macroeconomic forces. Rising oil prices above $100 and tightening global liquidity are pressuring risk assets. Due to its critical role as $58.54 billion in collateral within DeFi protocols, ETH is deeply embedded in the financial infrastructure. This positions it as a key gauge for macro risk in the altcoin market, causing its price to react more to geopolitical shocks, energy volatility, and institutional hedging flows than purely crypto-native demand.

ambcrypto03/16 10:09

Mapping Ethereum’s macro sensitivity – Oil, liquidity & why ETH absorbs it all

ambcrypto03/16 10:09

Inside the $3.6mln Venus Protocol exploit on BNB Chain

Venus Protocol on BNB Chain suffered a $3.6 million exploit after an attacker manipulated THE token liquidity using flash loans. Over several months, the attacker accumulated 14.5 million THE (84% of its circulating supply) and deposited it into Venus, artificially inflating its collateral value. By repeatedly borrowing against the inflated collateral and buying more THE, the attacker drove up the oracle price, eventually borrowing $3.6 million in various assets. In response, Venus suspended the THE market and tightened collateral requirements for several high-risk tokens. This is not the first security issue for Venus, which lost $27 million in a 2025 phishing attack.

ambcrypto03/16 09:22

Inside the $3.6mln Venus Protocol exploit on BNB Chain

ambcrypto03/16 09:22

Post-Mortem of the Venus THE Attack: How to Profit in a Fleeting Window?

Approximately two hours ago, Venus Protocol's THE token was exploited using a classic Mango Markets-style price manipulation attack. The attacker targeted THE, a low-liquidity collateral asset, by depositing it, borrowing other assets, and using those to buy more THE, artificially inflating its price. Once the time-weighted average oracle updated, the inflated price allowed further leveraged borrowing. To bypass THE's borrowing cap, the attacker performed a "donation attack" by transferring THE directly to the vTHE contract, increasing the recognized collateral value. After the first manipulation phase, THE's price stabilized around $0.50. The attacker attempted to further amplify gains by continuing to buy THE, but mounting sell pressure limited price increases and pushed their health factor near 1.0, risking liquidation. The collateral, nominally valued around $30M, had extremely low liquidity, making large-scale liquidation at inflated prices impossible. Recognizing the situation, the writer opened a short position on THE with high leverage, anticipating a price collapse due to overvaluation, illiquidity, and forced selling. After liquidation, THE price plummeted to ~$0.24, below its pre-attack level, resulting in a ~$15K profit for the writer. Venus Protocol was left with ~$2M in bad debt. The attacker likely gained little or lost funds, though may have profited from off-chain positions. The event highlights that nominal collateral value in DeFi does not equal realizable value during liquidity crises.

marsbit03/16 08:37

Post-Mortem of the Venus THE Attack: How to Profit in a Fleeting Window?

marsbit03/16 08:37

BlockFills Files for Chapter 11 Bankruptcy After Liquidity Crisis

BlockFills, a cryptocurrency trading firm, has filed for Chapter 11 bankruptcy protection due to severe liquidity issues and financial challenges. Court documents reveal the company holds assets valued between $50 million and $100 million, while liabilities range from $100 million to $500 million. The firm halted client deposit and withdrawal services amid worsening market conditions to protect itself and clients from volatility. Significant losses of approximately $75 million from loan operations and other crypto ventures severely weakened its financial position. Additionally, BlockFills faces legal pressure from Dominion Capital, which filed a lawsuit alleging mishandling of funds, resulting in a court order to freeze 70.6 Bitcoin. Previously serving institutional clients like hedge funds and asset managers, BlockFills had processed over $61 billion in trading volume in 2025. The bankruptcy filing allows the company to restructure its operations and debt under court supervision while seeking new liquidity. This case highlights ongoing risks in crypto lending during volatile market cycles.

TheNewsCrypto03/16 07:22

BlockFills Files for Chapter 11 Bankruptcy After Liquidity Crisis

TheNewsCrypto03/16 07:22

Venus Protocol Detects $3.7M Supply Cap Attack on THE Pool

Venus Protocol detected a suspicious trading activity in its THE token liquidity pool on March 15. The incident, identified as a supply cap attack, occurred in two phases. First, the attacker accumulated approximately 84% of the total Thena token market capitalization. Then, they used these holdings as collateral to borrow other assets, including 6.67 million CAKE tokens, 1.58 million USDC, 2,801 BNB, and 20 Bitcoin, resulting in over $3.7 million in losses. Only the CAKE and THE pools were directly affected. In response, Venus halted all THE borrows and withdrawals, as well as those for other low-liquidity tokens. This attack represents a notable protocol-level exploit in DeFi for 2024.

TheNewsCrypto03/16 05:18

Venus Protocol Detects $3.7M Supply Cap Attack on THE Pool

TheNewsCrypto03/16 05:18

When the Spreads Reach 50%: The Rise of Pre-Market Crypto-Stock Arbitrage

In the context of the crypto bear market, a new arbitrage opportunity is gaining traction: pre-IPO stock tokenization trading across different platforms. The article highlights significant price discrepancies—sometimes exceeding 50%—for high-profile companies like Kalshi, Polymarket, and SpaceX (xAI) on platforms such as PreStocks, Jarsy, and Tessera. These gaps, driven by varying trading mechanisms and liquidity conditions, reveal a strong market demand for a unified platform that bridges traditional and crypto pre-market trading. The piece argues that building such an intermediary could capitalize on these arbitrage opportunities, especially with a wave of major IPOs expected in 2026, while generating revenue through trading fees and liquidity provision.

比推03/16 04:36

When the Spreads Reach 50%: The Rise of Pre-Market Crypto-Stock Arbitrage

比推03/16 04:36

Crypto Bear Market Startup Guide Part 1: Pre-Market Price Spread Market for Tokenized Stocks

"Encrypted Bear Market Startup Guide Part 1: Pre-IPO Stock Price Arbitrage Market" Despite the challenges of a crypto bear market, over 80% of startups that raised seed rounds in 2022 are still building. This period can foster focus on product development and survival skills. This series explores potential business opportunities, starting with the pre-IPO stock price arbitrage market. This market bridges crypto and traditional finance, with major stock exchanges and crypto platforms participating. The upcoming 2026 "IPO boom," featuring companies like OpenAI, Anthropic, SpaceX(xAI), and crypto exchanges, is driving demand for pre-IPO trading. Platforms like PreStocks, Jarsy, and Tessera have emerged, offering more flexible trading than traditional venues like Hiive. Significant price discrepancies exist for the same stock across different pre-IPO platforms. For example: - Kalshi shows a $148 (37%) difference between PreStocks ($397) and Jarsy ($545). - Polymarket has a $94 (50.5%) spread between PreStocks ($186) and Jarsy ($280). - SpaceX(xAI) has a $75 (12.7%) gap between PreStocks ($666) and Tessera ($591). This creates an opportunity for a new platform to act as an arbitrage marketplace for these price differences. The potential business model could include trading fees, LP fees, and profiting from the platform's own arbitrage positions, though current market liquidity remains in the millions.

marsbit03/16 02:16

Crypto Bear Market Startup Guide Part 1: Pre-Market Price Spread Market for Tokenized Stocks

marsbit03/16 02:16

Crypto Bear Market Startup Guide Part 1: Pre-Market Price Spread Market for Tokenized Stocks

The article "Crypto Bear Market Startup Guide Part 1: Pre-IPO Stock Price Difference Market" discusses entrepreneurial opportunities during a crypto bear market, focusing on the emerging niche of pre-IPO stock price difference markets. It begins by challenging the notion that bear markets are beneficial for building, citing data showing over 80% of crypto startups from the 2022 bear market are still active, suggesting that focused development and survival skills can thrive in downturns. The core analysis highlights the significant price discrepancies for pre-IPO stocks of companies like Kalshi, Polymarket, and SpaceX(xAI) across different crypto-based trading platforms such as PreStocks, Jarsy, and Tessera. For instance, Kalshi's pre-IPO price shows a $148 (37%) difference between PreStocks ($397) and Jarsy ($545). Polymarket's price gap is $94 (over 50%), and SpaceX has a $75 (12.7%) difference. The author argues this demonstrates a clear market need for a unified platform that bridges these price gaps across traditional and crypto pre-IPO markets, acting as a liquidity bridge. The proposed business model for such a "pre-IPO price difference market" would likely generate revenue through trading fees, LP fees, and arbitrage on the platform's own capital. The piece positions this as a promising venture for the anticipated 2026 IPO boom.

Odaily星球日报03/16 02:10

Crypto Bear Market Startup Guide Part 1: Pre-Market Price Spread Market for Tokenized Stocks

Odaily星球日报03/16 02:10

80% of Tokens Fall Below Issue Price, IPO Financing Soars 48 Times—Crypto Capital Shift Has Occurred

The crypto industry is witnessing a significant capital shift from token offerings to traditional equity markets. In 2025, over 80% of tokens traded below their initial offering price due to high volatility, weak demand, and poor tokenomics, eroding investor confidence. Conversely, crypto IPOs surged 48x, raising $14.6 billion, while M&A activity hit a five-year high of $42.5 billion. Equity offerings, compared to tokens, demonstrate similar upside potential but with lower volatility and longer-term growth. Stocks command higher valuation premiums (P/S ratios of 7-40x vs. 2-16x for tokens) due to institutional access, index inclusion potential, and richer trading strategies. Key valuation factors include regulatory moats, revenue diversification, and sector sentiment. M&A activity is accelerating, driven by regulatory compliance and strategic expansion, with focus on trading infrastructure, exchanges, and stablecoins/payments. Major acquisitions were led by Coinbase, Kraken, and Ripple. Upcoming IPOs in 2026 include Kraken, Consensys, Ledger, Animoca, and Bithumb. The future lies in blending TradFi validation with crypto innovation, emphasizing sustainable revenue and long-term value creation.

marsbit03/15 07:55

80% of Tokens Fall Below Issue Price, IPO Financing Soars 48 Times—Crypto Capital Shift Has Occurred

marsbit03/15 07:55

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