# 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.

Circle 2025 Year in Review: Building a Full-Stack Crypto Economy Platform

Circle's 2025 Year in Review highlights the successful construction of its full-stack encrypted economic platform, driven by key regulatory breakthroughs and global expansion. The passage of the U.S. GENIUS Act and the implementation of the EU’s MiCA framework provided regulatory foundation for full-reserve stablecoins, positioning them as core components of the global financial system. Circle’s strategy revolves around three pillars: trusted digital assets (USDC, EURC, USYC), real-world applications, and the Arc blockchain. USDC’s market cap grew 75% to $77B, EURC surged 328%, and USYC reached $1.54B in AUM. Major institutional partnerships were formed with ICE, Deutsche Börse, Finastra, FIS, and others, integrating stablecoins into payments, clearing, and treasury management. The Circle Payments Network (CPN) enabled real-time cross-border transactions, while StableFX reformed foreign exchange with on-chain settlement. The company also advanced AI agent payments and launched the Arc blockchain—an EVM-compatible L1 designed for real-world economic activity, which saw strong institutional interest during its testnet phase. Circle expanded financial inclusion through initiatives like its partnership with Nubank, serving 127M users in Latin America, and its “1% Pledge” program supporting普惠金融globally. The report concludes that 2025 marked a turning point in the transition toward an open, programmable, and internet-native financial system.

深潮12/25 01:54

Circle 2025 Year in Review: Building a Full-Stack Crypto Economy Platform

深潮12/25 01:54

The Structural Reversal of TGE: Is It a 'Liability' to Be Liquidated or an 'Asset' to Be Left Behind?

The crypto industry is experiencing a structural shift in the role and perception of Token Generation Events (TGEs). Once seen as a finish line, TGEs are now becoming a complex "coming-of-age" ritual, marking a broader market move from "valuation discovery" to "value discovery." Driven by regulatory clarity (like MiCA in the EU) and institutional participation, 2026 is predicted to be a peak year for TGEs, with an estimated 15-30% increase in events. However, this surge in supply—from old project unlocks, delayed TGEs, and new launches—will occur alongside intense competition for scarce liquidity, lowering market tolerance for new tokens. The classic "token first, product later" model is failing. Without achieving Product-Market Fit (PMF), a token acts as a costly liability, draining team resources and morale. Narrative alone is no longer sufficient; liquidity now demands genuine utility. For projects to survive the intense competition of 2026, the focus must shift: - Building consensus around a strong narrative and solving real problems, not just technical specs. - Cultivating a seed community of genuine users for feedback, rather than just token holders. - Planning for sustainability post-TGE with continued marketing, grants, and deep liquidity. - Designing token economies that dynamically balance unlocks and use real revenue for buybacks. In conclusion, a successful TGE is no longer measured by listing price volatility, but by a team's ability to have achieved PMF *before* the event, generating real users or cash flow. This brutal shift towards value is a market purification that will ultimately benefit long-term builders.

marsbit12/25 01:20

The Structural Reversal of TGE: Is It a 'Liability' to Be Liquidated or an 'Asset' to Be Left Behind?

marsbit12/25 01:20

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