# 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.

Actually, the Crypto Winter Began in January 2025

The crypto winter began in January 2025, though many only recently acknowledged it. Bitcoin and Ethereum have fallen 39% and 53% from their October 2025 peaks, with steeper declines for other assets. This is a full bear market, not a correction, driven by over-leverage and profit-taking. Positive developments like regulatory progress and institutional adoption have been ignored amid the downturn, typical of crypto winters where good news fails to lift prices. Historically, crypto winters last around 13 months. However, this one may be closer to ending than it appears, as it effectively started in January 2025. ETF and digital asset trust (DAT) inflows masked the reality for some assets. Bitcoin, Ethereum, and XRP saw milder declines (10–20%) due to institutional support, while assets like ADA, AVAX, SUI, and DOT fell 62–75% without such backing. Without $75 billion in ETF/DAT buying, Bitcoin’s drop would have been closer to 60%. The retail crypto market has been in winter since January 2025. Despite the gloom, fundamental strengths remain: regulatory clarity, institutional adoption, stablecoins, tokenization, and Wall Street embrace. These positive factors are stored energy that will fuel the next rally when sentiment shifts. Triggers could include strong economic growth, pro-crypto regulatory surprises, sovereign adoption of Bitcoin, or simply time. As with past winters, the end feels near—despair and frustration are common precursors to recovery. Spring is likely coming soon.

marsbit02/03 16:39

Actually, the Crypto Winter Began in January 2025

marsbit02/03 16:39

RWA Weekly Report|Asset Holders Surge by 26%; White House Convenes Crypto Companies and Banks to Discuss Stablecoin Yield Issues (1.28-2.3)

RWA Weekly Report: Asset Holders Surge 26%; White House Meets with Crypto Firms and Banks on Stablecoin Rewards (Jan 28 - Feb 3) The total on-chain value of Distributed Real-World Assets (RWA) reached $23.96 billion, a weekly increase of 3.14%. The broader Represented Asset Value saw a significant adjustment, dropping 43.86% to $199.44 billion, likely due to a change in statistical methodology. A key highlight was the 26.52% surge in total asset holders, adding over 174,000 new participants. The stablecoin market also grew, with its total market cap rising 4.64% to $310.15 billion. Structurally, U.S. Treasuries remained the largest component at $9.6 billion, though it saw a slight decrease. Commodities were the strongest-growing asset class, up 9.09% to $4.8 billion. Private credit expanded by 8% to $2.7 billion. A major development was a closed-door meeting at the White House, convening crypto industry representatives (including Coinbase) and banking organizations to discuss the contentious issue of stablecoin rewards. The core disagreement lies in whether third-party platforms should be allowed to offer yields to stablecoin holders, a practice banks oppose for fear of draining deposits. Other significant events included: - The SEC and CFTC launching "Project Crypto" to create a unified regulatory framework. - Hong Kong’s monetary authority receiving 36 stablecoin license applications, with the first batch to be issued in March. - The UK launching an inquiry into stablecoin growth and its proposed regulatory regime. - Binance announcing it will convert the entire $1 billion in its SAFU insurance fund from stablecoins to Bitcoin. - Tether reporting 2025 net profits exceeding $10 billion. Key projects like Ondo Finance (ONDO) and MSX (STONKS) continued to expand, with Ondo’s USDY tokenized treasury product launching on the Sei network and its Total Value Locked (TVL) surpassing $2.5 billion.

Odaily星球日报02/03 13:31

RWA Weekly Report|Asset Holders Surge by 26%; White House Convenes Crypto Companies and Banks to Discuss Stablecoin Yield Issues (1.28-2.3)

Odaily星球日报02/03 13:31

Circle: Why Do 95% of Stablecoins Ultimately Fail?

The article "The Stablecoin Trap: Issuing a Stablecoin Without the Infrastructure to Run One" by Kash Razzaghi of Circle discusses the critical considerations for companies interested in stablecoins. While many executives are drawn to the idea of issuing their own stablecoin due to the market's growth (from $2050B to over $3000B in 2025), the author argues this is a strategic, not just technical, decision. Creating a stablecoin is relatively simple from an engineering perspective, but operating a trusted, regulated one requires a robust, 24/7 financial infrastructure. This includes real-time reserve management, daily bank reconciliations, independent audits, compliance reporting, and risk management systems. These operational burdens are complex, costly, and amplify reputational risk. The market has seen hundreds of stablecoin projects, but approximately 95% fail to achieve lasting, global scale. The key differentiator is not technology but trust, built through transparency, consistent redeemability, and proven performance across market cycles. Incidents like accidental trillion-dollar mints or temporary de-peggings highlight the severe consequences of operational flaws. Instead of building their own, most companies should focus on integrating existing, established stablecoins like USDC or EURC into their businesses. This allows them to benefit from instant settlement, global reach, and interoperability without the immense operational overhead. The industry is converging on the principle that trust, liquidity, and compliance are the true moats, favoring fewer, higher-quality stablecoins with shared liquidity and transparent reserves. The recommended path is to partner with proven providers like Circle rather than attempt to become an issuer.

marsbit02/03 13:17

Circle: Why Do 95% of Stablecoins Ultimately Fail?

marsbit02/03 13:17

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