# Сопутствующие статьи по теме SEC

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

Ethereum Network Fees Drop 62%: Is ETH Price at Risk?

Ethereum network fees have dropped 62% over the past 30 days, raising questions about potential risks to ETH’s price. Despite this decline, the network shows resilience through strong layer-2 growth and maintained price support levels. Key data from Nansen indicates a significant cooling in Ethereum base-layer activity, with fees falling more sharply than on competing chains like Solana. However, layer-2 solutions such as Base and Polygon have seen substantial transaction volume growth—108% and 81%, respectively—suggesting that Ethereum’s expanding ecosystem remains dynamic. Ethereum’s recent upgrade, Fusaka, may have contributed to lower fees by improving rollup efficiency. Meanwhile, ETH’s price rose over 11% amid softer U.S. employment data, though it remains 32% below its August peak. On-chain metrics show reduced activity in decentralized applications (DApps). DEX trading volume on Ethereum fell to $13.4 billion from $23.6 billion four weeks earlier, and DApp revenue hit a five-month low. Total value locked (TVL) in Ethereum DApps also declined, dropping from $100 billion to $76 billion over two months. Still, Ethereum maintains a dominant 68% market share among smart contract platforms. Perpetual futures funding rates held near 9%, reflecting balanced leverage market sentiment. Broader institutional and regulatory developments, including positive comments from former SEC commissioner Paul Atkins on blockchain adoption, may support longer-term confidence. In summary, while Ethereum’s base-layer demand has softened, strong layer-2 growth and ongoing ecosystem development suggest underlying strength. Current data does not indicate fundamental weakness in ETH’s market structure.

cointelegraph_中文12/10 08:55

Ethereum Network Fees Drop 62%: Is ETH Price at Risk?

cointelegraph_中文12/10 08:55

Regulatory Crossroads: The United States, Europe, and the Future of Crypto Assets

The article "Regulatory Crossroads: The US, Europe, and the Future of Crypto Assets" examines the divergent regulatory paths shaping the cryptocurrency landscape. It begins by contrasting Bitcoin’s origins as a decentralized, anti-establishment innovation with its current status as a heavily industrialized, energy-intensive asset. The piece draws parallels between the unregulated pre-1933 US stock market and today's crypto space, arguing that a shift from a libertarian "wild west" to a compliant asset class is inevitable. The US approach is portrayed as increasingly pragmatic and institutionally friendly. Key developments include the GENIUS Act, which mandates 1:1 Treasury backing for stablecoins, the repeal of restrictive accounting rules, and a perceived regulatory "regime change" at the SEC under Paul Atkins. This framework aims to integrate crypto into traditional finance, with major banks like JPMorgan now offering crypto-backed loans and the Treasury viewing stablecoins as tools for extending dollar hegemony. In stark contrast, the EU’s Markets in Crypto-Assets (MiCA) regulation is criticized as a risk-averse, innovation-stifling "bureaucratic masterpiece." Its high compliance burdens, treatment of crypto founders like sovereign banks, and effective ban on non-euro stablecoins like USDT are seen as creating a "regulatory moat" that drives talent and startups to more favorable jurisdictions like Switzerland and the UAE. The article concludes that the US is poised to become the dominant global crypto financial center by normalizing DeFi, while Europe risks becoming a "financial museum" due to its oppressive regulatory framework. It calls for urgent, decisive action to build a functional crypto industry that protects investors and allows for safe institutional capital entry before the window of opportunity closes.

深潮12/10 03:43

Regulatory Crossroads: The United States, Europe, and the Future of Crypto Assets

深潮12/10 03:43

Retail Investors Are Leaving, What Will Drive the Next Bull Market?

A significant market correction has seen Bitcoin drop 28.57% from $126,000 to $90,000, causing panic, liquidity drying up, and widespread deleveraging. However, structural positives are emerging: the U.S. SEC plans an "Innovation Exemption" in January 2026 to ease compliance, and the Federal Reserve is expected to end quantitative tightening and begin rate cuts, potentially boosting risk assets. The previous retail and leverage-driven bull cycle is unlikely to repeat. While over 200 companies hold $115 billion in crypto via Digital Asset Treasury (DAT) strategies, this represents less than 5% of the crypto market and is insufficient to fuel the next bull run. Instead, three key institutional pipelines are being established: 1. **Institutional Entry via ETFs and Infrastructure**: Global Bitcoin and Ethereum ETFs provide a standardized investment channel. Improved custody and settlement solutions (e.g., from BNY Mellon, Anchorage Digital) enable efficient capital deployment. Pension funds and sovereign wealth funds may soon allocate 1-3% to crypto, potentially moving trillions of dollars. 2. **Real World Assets (RWA) Tokenization**: Tokenizing traditional assets (bonds, real estate) onto blockchains could grow the RWA market from $309 billion today to $4-30 trillion by 2030. Protocols like MakerDAO using U.S. Treasuries as collateral bridge DeFi with traditional finance, offering stable yields and reducing volatility. 3. **Infrastructure Upgrades**: Layer 2 solutions reduce transaction costs and times, crucial for institutional scale. Stablecoins, with a $1.66 trillion market cap and $4 trillion in on-chain volume, have become pillars for cross-border payments and liquidity, especially as regulators mandate full reserve backing. Short-term, Fed policy and SEC rules may drive a speculative rebound in early 2026. Medium-term, gradual institutional capital will provide stability. Long-term, RWA integration could structurally anchor crypto to global finance, enabling sustainable, trillion-dollar growth. The market's evolution from speculation to infrastructure marks its path to maturity.

marsbit12/09 19:39

Retail Investors Are Leaving, What Will Drive the Next Bull Market?

marsbit12/09 19:39

Where Will the Money for the Next Bull Market Come From?

Where Will the Money for the Next Crypto Bull Run Come From? Bitcoin's sharp decline from $126,000 to $90,000 has caused panic and a liquidity crunch. However, structural tailwinds are emerging: the SEC plans an "Innovation Exemption" rule, the Fed is expected to begin a rate-cutting cycle, and global institutional pathways are maturing. The myth of Digital Asset Treasuries (DATs) is fading. Their buying power is insufficient (under 5% of the crypto market) and they can become net sellers during downturns. The real catalysts are institutional. The end of Fed quantitative tightening and potential rate cuts could inject liquidity. A crypto-friendly Fed leadership could further open the banking system to crypto. The SEC's shifting stance, moving crypto from a "threat" to a regulated asset class, reduces compliance barriers. Three key pipelines could deliver the next wave of capital: 1. **Institutional Entry:** Global Bitcoin and Ethereum ETFs provide a standardized entry point. Mature custody and settlement infrastructure (e.g., from BNY Mellon) enables efficient capital deployment. Even a 1-3% allocation from pensions and sovereign wealth funds would represent trillions. 2. **Real-World Assets (RWA):** Tokenizing traditional assets (bonds, real estate) creates a bridge to TradFi. The RWA market, projected to grow 50x to multi-trillions by 2030, offers massive, stable, yield-bearing assets for DeFi (e.g., MakerDAO's use of U.S. Treasuries). 3. **Infrastructure Upgrades:** Layer 2 solutions reduce costs and speed up transactions for institutional use. Stablecoins, with a $166B market cap and $4T in on-chain volume, have become a pillar for compliant, efficient settlements. The money is expected to arrive in phases: a short-term policy-driven rebound (2025-2026), followed by gradual institutional allocation (2026-2027), and finally long-term structural growth powered by RWA integration (2027-2030). The next bull run will be built not on retail speculation, but on institutional trust and infrastructure.

深潮12/09 09:36

Where Will the Money for the Next Bull Market Come From?

深潮12/09 09:36

RWA Weekly Report | US CFTC Launches Digital Asset Collateral Pilot Program, Spot Cryptocurrency Now Trading on CFTC-Registered Exchanges (12.3-12.9)

RWA Market Weekly Summary (Dec 3–9, 2025) The RWA market stabilized this week, with total on-chain Distributed Asset Value rising slightly to $18.44 billion. The number of asset holders increased by 6,130 to 561,558. Stablecoin market capitalization grew to $301.92 billion, with holders surging by 2.06 million to 207.75 million. U.S. Treasury tokenization slightly to $88 billion, while private credit rebounded to $22 billion. Key developments include the U.S. CFTC launching a digital asset collateral pilot program, allowing BTC, ETH, and USDC to be used as margin in regulated derivatives markets. The CFTC also approved spot cryptocurrency trading on its registered exchanges. U.S. lawmakers urged regulators to implement stablecoin rules under the GENIUS Act by July 2026. Meanwhile, former PBOC deputy governor Wang Yongli reiterated China's firm opposition to stablecoins, emphasizing the development of the digital yuan. In Europe, a consortium of banks plans to launch a euro stablecoin in 2026. South Korea's ruling party proposed a stablecoin bill requiring commercial banks to hold at least 51% ownership in issuers. The IMF warned that widespread stablecoin adoption could weaken central banks' monetary control. In project news, the SEC closed its investigation into Ondo Finance without action, and MSX (STONKS) reached a record $2 billion in daily trading volume.

Odaily星球日报12/09 07:55

RWA Weekly Report | US CFTC Launches Digital Asset Collateral Pilot Program, Spot Cryptocurrency Now Trading on CFTC-Registered Exchanges (12.3-12.9)

Odaily星球日报12/09 07:55

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