# Сопутствующие статьи по теме Regulation

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

World Cup 'Stress Test': How to Interpret the Development Prospects of Prediction Markets Next Year?

Summary: The 2026 FIFA World Cup is set to be a major stress test for the prediction market industry, which has moved from niche experimentation to mainstream adoption in 2025. Growth is now driven by distribution through major platforms like Robinhood, DraftKings, and FanDuel, rather than pure product innovation. The key constraint is no longer demand but the ability to operate at scale within strict regulatory frameworks, particularly in the US where the CFTC and state regulators are actively defining legal boundaries. The industry is bifurcating: compliant, licensed platforms are focusing on regulatory design and geographic rollout strategies, while crypto-native platforms like Polymarket are seeking legitimacy through acquisitions and enhanced controls. The 2026 World Cup will test infrastructure on liquidity, settlement integrity, and compliance under peak load. The long-term winners will be those that combine deep liquidity, regulatory trust, and seamless user experience, likely within larger financial super-apps.

marsbit12/25 10:08

World Cup 'Stress Test': How to Interpret the Development Prospects of Prediction Markets Next Year?

marsbit12/25 10:08

Huobi Growth Academy | 2025 In-Depth Crypto Market Research Report: Institutions, Stablecoins, and Regulation, 2025 Crypto Market Review and 2026 Outlook

The 2025 crypto market marked a structural turning point, shifting from retail-driven speculation to an institutionally-dominated landscape. Capital inflows via ETFs and regulated channels transformed market dynamics, reducing volatility but increasing sensitivity to macro interest rates. Stablecoins evolved into core global settlement infrastructure, with RWA (particularly on-chain U.S. Treasuries) scaling significantly, merging crypto with traditional finance. Regulatory clarity lowered institutional barriers, accelerating adoption of crypto as a configurable, auditable financial infrastructure. However, vulnerabilities in algorithmic and yield-bearing stablecoins exposed systemic risks, highlighting the need for transparency and quality differentiation. Looking to 2026, key variables include the cost of compliant capital, the quality of on-chain dollar systems, and the sustainability of real yield. Success will favor infrastructure and assets that thrive under capital, yield, and regulatory constraints.

深潮12/25 09:19

Huobi Growth Academy | 2025 In-Depth Crypto Market Research Report: Institutions, Stablecoins, and Regulation, 2025 Crypto Market Review and 2026 Outlook

深潮12/25 09:19

Huobi Growth Academy | 2025 In-depth Crypto Market Research Report: Institutions, Stablecoins, and Regulation, 2025 Crypto Market Review and 2026 Outlook

The 2025 crypto market underwent a structural transformation driven by three key shifts: institutional adoption, the maturation of the on-chain dollar system, and regulatory normalization. Institutional capital became the marginal buyer via ETFs and regulated vehicles, reducing volatility but increasing sensitivity to macro factors like interest rates. The market shifted from narrative-driven speculation to liquidity-driven, macro-sensitive asset allocation. Stablecoins evolved into core infrastructure, serving as the primary settlement layer and dollar proxy for on-chain economy, with transaction volumes rivaling major payment systems. Real-World Assets (RWA), particularly tokenized U.S. Treasuries, scaled significantly, introducing low-risk yield curves on-chain and merging DeFi with traditional finance. However, algorithmic and yield-bearing stablecoin failures exposed systemic fragility due to leverage and opacity. Regulatory clarity reduced institutional entry barriers, turning compliance into a competitive moat. Valuation models began incorporating regulatory costs, legal stability, and compliance efficiency, shifting focus from growth metrics to sustainable infrastructure. Looking ahead to 2026, key variables include macro liquidity conditions, the quality stratification of on-chain dollar instruments, sustainability of real yields, and the institutional moats built around compliance and distribution. The winners will be assets and infrastructures that thrive within these new constraints of capital, yield, and regulation.

marsbit12/25 08:49

Huobi Growth Academy | 2025 In-depth Crypto Market Research Report: Institutions, Stablecoins, and Regulation, 2025 Crypto Market Review and 2026 Outlook

marsbit12/25 08:49

Five Institutions Outline the 2026 Crypto Blueprint: Will the 'Super App' Arrive? Is the 'Four-Year Cycle' Ending?

Five major crypto research institutions (Coinbase, a16z Crypto, Four Pillars, Messari, and Delphi Digital) forecast a shift in 2026, marking the end of the traditional four-year speculative cycle driven by events like Bitcoin halvings. They predict a new era of structural maturity, where value accrues to "ownership tokens" with revenue-sharing models and projects with real utility, not just short-term speculation. Key trends include the rise of an "Agent Economy," where AI agents autonomously manage assets and execute complex DeFi strategies, necessitating new infrastructure like KYA (Know Your Agent) protocols and crypto-native settlement layers for microtransactions. Regulatory clarity in the U.S. is expected to catalyze the development of user-friendly "super apps" that abstract away blockchain complexity, integrating payments, investing, and lending seamlessly with stablecoins. Additional consensus points include the growth of tokenized real-world assets (RWA) with actual utility, the emergence of privacy as a critical competitive advantage for blockchains, and the maturation of social trading. Institutional adoption will deepen via ETFs, cementing crypto as a standard portfolio asset class driven by macro liquidity rather than mere speculation.

marsbit12/25 08:21

Five Institutions Outline the 2026 Crypto Blueprint: Will the 'Super App' Arrive? Is the 'Four-Year Cycle' Ending?

marsbit12/25 08:21

CertiK Annual Security Report: Web3 Losses Increase 37% Year-on-Year in 2025, Phishing Attacks and Supply Chain Incidents Emerge as Major Threats

CertiK's 2025 Skynet Hack3D Security Report reveals that the Web3 industry suffered approximately $3.35 billion in losses across 630 security incidents, a 37% increase from 2024. While the number of incidents decreased by 137, the average loss per attack surged by 66.6% to $5.32 million, indicating a trend toward targeting high-value assets. The most significant losses resulted from supply chain attacks, which accounted for nearly half of the total losses ($1.45 billion) despite only two recorded incidents. The largest was the February Bybit breach, where attackers compromised a third-party multi-signature wallet service to bypass security protocols. Phishing remained the most frequent threat, with 248 incidents causing $723 million in losses. The report warns that AI is amplifying these attacks by generating highly convincing fake websites and targeted scam messages, making traditional defenses less effective. Amid growing risks, regulatory clarity is improving globally, with advancements in U.S. stablecoin legislation and frameworks like MiCA in the EU. Security is shifting from a reactive cost to a core infrastructure element. The report concludes that projects embedding security into their design and development will be better positioned for the future.

marsbit12/25 07:53

CertiK Annual Security Report: Web3 Losses Increase 37% Year-on-Year in 2025, Phishing Attacks and Supply Chain Incidents Emerge as Major Threats

marsbit12/25 07:53

Read 500 Pages of Reports from Five Institutions for You, This One Article is Enough for the Crypto Annual Outlook

This comprehensive analysis synthesizes key insights from leading crypto research reports (Delphi Digital, Messari, Four Pillars, Coinbase, a16z) for the 2026 outlook. A consensus emerges: the era of pure 4-year speculative cycles is ending, replaced by structural maturation driven by liquidity convergence, infrastructure development, and regulatory clarity. Major themes include: 1. **Agentic Finance:** AI agents will become primary economic actors, managing capital and executing complex DeFi strategies autonomously, necessitating new "Know Your Agent" (KYA) identity protocols and machine-native settlement layers. 2. **Super-App Integration:** User-friendly "super-apps" will bundle complex crypto experiences (payments, investing, lending) into simple interfaces, hiding technical complexities to drive mass adoption, often powered by stablecoins. 3. **Ownership & Utility Shift:** Value will accrue to "Ownership Coins" with revenue-sharing models and real-world utility, moving beyond pure governance tokens. This includes tokenized real-world assets (RWA) and protocols finding product-market fit, like DePIN for AI computational needs. 4. **Privacy Renaissance:** Privacy-focused technologies and assets (e.g., Zcash) are predicted for a resurgence as essential hedges against surveillance and for enabling competitive advantages and sophisticated on-chain wealth management. 5. **Institutional & Regulatory Formalization:** With clearer US regulation (e.g., anticipated legislation), TradFi liquidity will further enter via ETFs, formalizing crypto as a standard portfolio asset class. The market structure will professionalize, with a focus on trading sovereign block space. The overarching conclusion is that 2026 will reward infrastructure, scalable trust, and understanding capital flows over short-term narrative speculation.

marsbit12/25 07:46

Read 500 Pages of Reports from Five Institutions for You, This One Article is Enough for the Crypto Annual Outlook

marsbit12/25 07:46

Five Institutions Outline the 2026 Crypto Blueprint: Will the 'Super App' Arrive? Is the 'Four-Year Cycle' Ending?

Five major crypto research institutions (Coinbase, a16z Crypto, Four Pillars, Messari, and Delphi Digital) forecast a shift in the crypto landscape for 2026, marked by structural maturation rather than short-term speculation. Key predictions include: - The end of the 4-year market cycle driven by Bitcoin halvings, replaced by institutional adoption and macro liquidity. - Rise of the "Agent Economy": AI agents will autonomously manage funds and execute complex DeFi strategies, requiring new infrastructure like KYA (Know Your Agent) protocols. - Emergence of "Super Apps": User-friendly applications will abstract blockchain complexity, integrating payments, investing, and lending, fueled by clearer U.S. regulations. - Growth of "Ownership Tokens": Tokens with integrated economic, legal, and governance rights will gain prominence, alongside revenue-sharing models. - Privacy and DePIN convergence: Privacy-focused assets (e.g., ZEC) and decentralized physical infrastructure networks will see renewed demand, especially for AI and data computation. - Institutional liquidity from ETFs and tokenization of real-world assets (RWA) will formalize crypto as an asset class. Overall, the focus shifts from speculation to utility, driven by regulatory clarity, AI integration, and infrastructure scalability.

Odaily星球日报12/25 07:41

Five Institutions Outline the 2026 Crypto Blueprint: Will the 'Super App' Arrive? Is the 'Four-Year Cycle' Ending?

Odaily星球日报12/25 07:41

Read 500 Pages of Reports from Five Institutions for You, This One Article is Enough for the Crypto Annual Outlook

In their 2026 crypto outlooks, leading research firms (Delphi Digital, Messari, Four Pillars, Coinbase, a16z) converge on a key theme: the era of pure speculative cycles is ending, replaced by structural maturation. Key trends include: - **Death of the 4-Year Cycle:** Value will shift to "Ownership Coins" with revenue-sharing models and real-world utility over short-term narratives. - **Rise of Agentic Finance:** AI agents will become major economic actors, driving demand for "Know Your Agent" (KYA) protocols and machine-native crypto payment rails. - **Super-App Consolidation:** User-friendly super-apps will integrate complex crypto functions, hiding technical complexity for mass adoption. - **Regulatory Clarity:** US legislation (e.g., GENIUS/CLARITY acts) will formalize the market, boosting institutional adoption and asset tokenization. - **Privacy & Infrastructure:** Privacy-focused chains (e.g., Zcash) and Zero-Knowledge proofs will become critical competitive advantages and scaling solutions. The future will be defined by infrastructure scalability, regulatory formalization, and the convergence of AI and crypto, moving beyond speculation to sustainable, utility-driven growth.

深潮12/25 07:29

Read 500 Pages of Reports from Five Institutions for You, This One Article is Enough for the Crypto Annual Outlook

深潮12/25 07:29

Ten Individuals Redefining the Power Boundaries of Cryptocurrency in 2025

Ten individuals are redefining the boundaries of power in the cryptocurrency world in 2025, a year marked by institutionalization rather than just a bull market or regulatory compliance. Wall Street capital, sovereign wealth funds, and pension funds have systematically embraced crypto. Bitcoin, propelled by corporate adoption led by Strategy (formerly MicroStrategy) and ETF inflows, reached a new high of $126,000. Stablecoins like USDT and USDC became integral to global payment systems. Key figures include: - Donald Trump, who leveraged political influence to launch a personal token and enact crypto-friendly policies, including the GENIUS Act. - Michael Saylor, pioneer of corporate Bitcoin treasury strategy. - Tom Lee, a bridge between Wall Street and crypto, advocating institutional adoption. - CZ (Changpeng Zhao), who regained influence post-pardon, reshaping exchange dynamics and meme coin trends. - Vitalik Buterin, balancing Ethereum’s decentralization ethos with its role as global infrastructure. - Kim Jong-un, whose regime exploited crypto hacking for funding, highlighting geopolitical risks. - Elon Musk, whose actions and holdings significantly sway markets. - Justin Sun, adept at navigating and leveraging regulatory and market systems. - Brian Armstrong, leading Coinbase’s compliance and infrastructure expansion. - Peter Thiel, building a crypto financial empire through strategic investments in infrastructure. 2025 signifies crypto’s transformation from a rebellious alternative to a core component of the global financial system, raising questions about centralization amidst institutional adoption.

深潮12/25 04:26

Ten Individuals Redefining the Power Boundaries of Cryptocurrency in 2025

深潮12/25 04:26

RWA Utility Tokens, Stop Kidding Yourselves

The article, written by lawyer Shao Jiadian, critically examines the common claim by RWA (Real World Asset) token projects that their tokens are "utility tokens" rather than securities. The author argues that regulatory bodies globally do not classify assets based on their self-proclaimed labels but on their actual economic function and structure. The core argument is that most so-called "utility RWA tokens" involve users investing money into a common asset pool managed by the project, with the expectation of profits derived from the project's efforts (e.g., dividends, revenue sharing from assets like real estate or equipment). This structure meets the criteria of an "investment contract" and is therefore treated as a security in major jurisdictions like the U.S., EU, Switzerland, and Hong Kong. Two key legal cases are cited as evidence: 1. **DeFiMoney Market (DMM):** Its fixed-yield token and "governance" token were both deemed securities by the SEC because investors' profits came from a managed asset pool. 2. **Unicoin (2025):** An asset-backed token promising returns from real estate and equity was charged by the SEC as an unregistered securities offering and fraud. The author highlights an inherent conflict: utility tokens emphasize *use* and *consumption*, while RWA tokens are fundamentally linked to *assets* and *returns*. Any token offering profit-sharing, dividends, or redeemable cash flows will be viewed as a security by regulators. The conclusion is stark: projects are not avoiding securities laws out of ignorance but to circumvent the stricter requirements of a regulated securities offering. The only viable paths to avoid securities classification are: 1. Purely functional tokens with no profit expectation. 2. Private offerings strictly for accredited investors. 3. Operating under specific regimes like Dubai's VARA that regulate security-like tokens as virtual assets. Ultimately, any RWA token offered to the public that is tradable and promises returns will almost certainly be treated as a security. The choice for projects is not between utility and security labels, but between "long-term compliance" and "short-term gambling."

marsbit12/25 03:13

RWA Utility Tokens, Stop Kidding Yourselves

marsbit12/25 03:13

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