# Сопутствующие статьи по теме Stablecoin

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

The Rise, Peak, and Fall of Bitcoin: Top Events of the Crypto Market in 2025

In 2025, the cryptocurrency market experienced unprecedented growth and volatility under the new US administration of Donald Trump. Bitcoin set five new all-time highs, peaking above $126,000 in October, but also suffered its largest-ever single-day crash. The Trump administration introduced significant pro-crypto policies, including the GENIUS Act to regulate stablecoins, dissolved a Justice Department crypto unit, and dropped lawsuits against major exchanges like Coinbase and Binance. Trump's family reportedly earned over $1 billion from various crypto ventures. Institutional demand surged, with corporate digital asset treasuries (DATs) accumulating over $95.5 billion in Bitcoin and billions in Ethereum and Solana. Crypto ETFs saw massive inflows, managing over $130 billion combined. However, long-term "whale" investors sold record amounts of Bitcoin, with an estimated $50 billion in dormant coins moved. A major market crash occurred in October, triggered by Trump's trade policy comments, leading to a record $20 billion in liquidations. Meanwhile, Russia's Central Bank developed a new regulatory concept, unexpectedly allowing both qualified and non-qualified investors access to crypto markets, a significant shift from its previous stance.

RBK-crypto12/29 15:52

The Rise, Peak, and Fall of Bitcoin: Top Events of the Crypto Market in 2025

RBK-crypto12/29 15:52

JPMorgan Closes the 'Financial Backdoor': Stablecoin Cross-Border Payments Face Compliance Reshuffle

JPMorgan Chase has recently frozen accounts linked to at least two fast-growing stablecoin startups, Blindpay and Kontigo, highlighting the risks cryptocurrency transactions pose to banks. These startups, backed by Y Combinator, primarily served Latin American markets, including Venezuela—a region under U.S. sanctions. The bank’s a surge in disputed transactions, such as chargebacks and fraud claims, triggered the freezes. Checkbook, a payments partner that provided these firms virtual account access to JPMorgan, noted that the startups failed to adequately verify their end customers' identities or ensure transaction legitimacy. While JPMorgan stated the action wasn’t due to the nature of stablecoin businesses, the incident underscores broader regulatory concerns. U.S. and global authorities have warned that stablecoins are being used for money laundering, terrorism financing, and other illicit activities. Both affected startups abruptly tightened compliance measures or terminated high-risk clients after the account closures.

比推12/29 15:31

JPMorgan Closes the 'Financial Backdoor': Stablecoin Cross-Border Payments Face Compliance Reshuffle

比推12/29 15:31

Trend Research Bets Big on Ethereum, Using Leveraged Stablecoin Strategy Amid Market Uncertainty

Amid current crypto market volatility, Trend Research, a private investment firm, is aggressively accumulating Ethereum using a leveraged stablecoin strategy. On-chain data reveals the firm has borrowed $958 million in USDT from Aave to purchase ETH, raising its holdings to 601,074 ETH valued at $1.83 billion. Despite bearish technical indicators like a MACD sell signal and ETH's 7-day decline of 0.77%, the firm continues buying at an average price of $3,265, becoming the third-largest institutional ETH holder. Founder Jack Yi confirmed the strategy, stating they will maintain maximum positions until the anticipated 2026 bull market. This leveraged approach highlights Ethereum's dual role as both a financial asset and technology protocol, though its broader market impact remains uncertain.

TheNewsCrypto12/29 11:40

Trend Research Bets Big on Ethereum, Using Leveraged Stablecoin Strategy Amid Market Uncertainty

TheNewsCrypto12/29 11:40

Weekly Funding Roundup | 4 Projects Secured Funding, Total Amount Reached $27.7 Million (12.22-12.28)

According to incomplete statistics from Odaily Planet Daily, from December 22 to December 28, 2025, four financing events were disclosed in the global blockchain sector, a significant decrease from the previous week's 11. The total financing amount was $27.7 million, also a sharp drop from the previous week's $301 million, potentially due to the Christmas holiday period. The largest single financing round was secured by the decentralized social ecosystem Crypto Life, which announced a $20 million institutional round. Following that, stablecoin payment infrastructure project Coinbax completed a $4.2 million seed round. Other notable financings include easy.fun, which raised $2 million in seed funding to build an on-chain trading arena on Hyperliquid, and the prediction market aggregator Rocket, which secured $1.5 million in a pre-seed round.

marsbit12/29 10:25

Weekly Funding Roundup | 4 Projects Secured Funding, Total Amount Reached $27.7 Million (12.22-12.28)

marsbit12/29 10:25

From the Fringes to the Mainstream: A Review of the Milestone Events Defining the 2025 Crypto Market Landscape

The year 2025 marked a pivotal "Sovereign Fusion Year" for crypto, transitioning it from a speculative asset to a geopolitical strategic reserve. The US, under the Trump administration, established a Strategic Bitcoin Reserve, repurposing seized coins and shifting from seller to long-term holder. The GENIUS Act created a federal regulatory framework for stablecoins, effectively ending the wild west era. Trump's personal memecoin $TRUMP and the controversial World Liberty Financial (WLFI) project blurred the lines between politics and DeFi. Solana and XRP ETFs were approved, signaling institutional adoption beyond Bitcoin and Ethereum. Major infrastructure upgrades occurred with Solana's Firedancer and Ethereum's Pectra & Fusaka. Circle's IPO and HashKey's Hong Kong listing showcased corporate maturity. Visa's integration of USDC on Solana and the rise of tokenized real-world assets (RWA) revolutionized payments. A catastrophic $15B hack on Bybit and the extreme market volatility of the "10.11" crash, which wiped out $150B in leverage, served as severe security and risk warnings. The year concluded with symbolic pardons for Silk Road's Ross Ulbricht and Binance's CZ, signaling a reconciliation between the crypto industry's past and its new, institutionalized future.

marsbit12/29 09:11

From the Fringes to the Mainstream: A Review of the Milestone Events Defining the 2025 Crypto Market Landscape

marsbit12/29 09:11

The Full Story of USDe's Depegging on October 11: A $19 Billion Lesson in Crypto Financial Engineering

On October 11, 2025, USDe, a major yield-bearing stablecoin (YBS), depegged on Binance, triggering a cascade of liquidations and resulting in a record-breaking $19 billion liquidation event in crypto history. While mainstream media termed it a "crypto crash," the incident was fundamentally a massive exposure of tail risks in complex financial engineering. USDe, created by Ethena, is a synthetic dollar protocol that maintains delta-neutral positions by hedging spot assets with perpetual futures contracts, capturing returns from funding rates, staking yields, and basis trades. At its peak, USDe reached a $14 billion market cap, offering APYs as high as 27%, and was touted as an "Internet Bond." However, a significant portion of its growth was driven by leveraged lending on external platforms. Binance’s launch of a 12% APY incentive program encouraged users to employ recursive lending with up to 5x leverage, using Binance’s own USDe/USDT pair as the sole price oracle. This created $8.4 billion in highly leveraged exposure outside Ethena’s core delta-neutral system. The collapse began when Trump announced a 100% tariff on Chinese goods, causing a sharp market downturn. As crypto assets fell, perpetual funding rates turned negative. Large USDe holders sold on Binance, driving its price down. Once it fell below $0.82, it triggered mass liquidations of leveraged positions. In just 23 minutes, USDe plummeted to $0.65 on Binance due to cascading liquidations and liquidity failure. In contrast, on-chain DEXs like Uniswap saw only a brief 2% depeg, and DeFi lending protocols like Aave experienced minimal liquidations due to robust oracle mechanisms. Ethena’s core protocol remained solvent and operational throughout, indicating the failure was specific to Binance’s market structure. The event underscores critical lessons: the dangers of excessive leverage, reliance on single-point price oracles, and the misperception of complex yield products as risk-free savings. It highlights that stability in crypto depends on robust mechanisms, deep liquidity, and sustained confidence—not just financial engineering.

marsbit12/29 09:07

The Full Story of USDe's Depegging on October 11: A $19 Billion Lesson in Crypto Financial Engineering

marsbit12/29 09:07

Reading Trends from Data: The Logic Behind the Crypto Market Rebound and Potential Risks

Analysis of the crypto market rebound and underlying risks, based on data for the week of Dec 20-26. Bitcoin found technical support at the $85,000 level, bouncing from a low of $84,500. While a technical rebound is underway, key data suggests the market is not yet on a solid footing for a sustained trend reversal. Key short-term data points show mixed picture: * **Stablecoins:** Net issuance remained negative at -$326M, but the outflow rate slowed by 60% week-over-week. * **BTC ETFs:** Net outflows worsened significantly to -$664.37M, a crucial headwind. A return to net inflows is deemed essential for a true reversal. * **OTC Premiums:** USDT and USDC premiums fell to 97.86% and 98.36% respectively, indicating weak demand and persistent capital outflows. * **ETH ETFs:** Outflows narrowed considerably to -$139.53M from the previous week, providing some relative stability for Ethereum. Mid-term on-chain data revealed minor accumulation by addresses holding 100-1K BTC, while larger wallets (10K-100K BTC) reduced holdings. Strong筹码 accumulation was noted near the $87,100 price point, suggesting it could become a key support level. The altcoin market (TOTAL3) saw a modest 1.95% gain but overall sentiment remained weak. Key observations include: * Low trading activity and a subdued market sentiment index. * BTC dominance held high at 65.76%, indicating altcoins continue to underperform Bitcoin. * Meme coins and high-profile tokens saw sporadic gains, but lacked sustained, broad-based momentum. * TVL across major chains saw minor increases, with Base chain standing out with a 4.76% TVL growth. In conclusion, while technical indicators suggest a potential for rebound from oversold conditions, persistent ETF outflows, weak stablecoin demand, and low altcoin momentum highlight significant underlying risks. The market requires a fundamental shift in capital flows, particularly into ETFs, to confirm a durable upward trend.

marsbit12/29 04:13

Reading Trends from Data: The Logic Behind the Crypto Market Rebound and Potential Risks

marsbit12/29 04:13

The State Of US Stablecoin Legislation: Unresolved Issues And Challenges

In a recent analysis, Colin Wu highlights the complex challenges and unresolved issues stemming from the GENIUS Act, a US stablecoin law enacted under the Trump administration. While the act is seen as a win for digital asset adoption, it has intensified global demand for US dollars and Treasury securities, inadvertently benefiting Trump-linked crypto industry associates. This development complicates global dollar flow oversight and threatens the monetary sovereignty of other nations by enabling less observable wealth extraction through USD stablecoins. The act’s reserve requirements, including bank deposits and short-term Treasuries, risk instability if asset values decline. Moreover, stablecoin regulation may extend to all crypto assets, including Bitcoin and RWAs, as they rely heavily on stablecoins. Currently, unregulated firms profit from crypto trading due to banks' inability to participate, prompting regulators to accelerate oversight. Once crypto gains legal recognition, banks are expected to dominate, tokenizing deposits and integrating with traditional finance. However, this shift toward heavy bank regulation could undermine the stablecoin industry's foundations, making it unwise for other nations to emulate the US approach.

bitcoinist12/27 11:02

The State Of US Stablecoin Legislation: Unresolved Issues And Challenges

bitcoinist12/27 11:02

BNB Chain to activate Fermi hard fork on Mainnet in January 2026

BNB Chain will activate the Fermi hard fork on its mainnet on 14 January 2026 at 02:30 UTC. This major upgrade aims to reduce block times, improve transaction speeds, and enhance overall network performance. The changes are designed to support time-sensitive activities like DeFi trading and high-frequency on-chain interactions. Validators and node operators must upgrade their clients to remain synchronized. The upgrade occurs amid elevated stablecoin liquidity on BNB Chain, suggesting sustained transactional demand. Post-activation, focus will be on network stability, realized performance gains, and potential increases in DeFi and stablecoin activity. Fermi represents a key infrastructure upgrade focused on scaling efficiency.

ambcrypto12/26 23:00

BNB Chain to activate Fermi hard fork on Mainnet in January 2026

ambcrypto12/26 23:00

USD1 crosses $3B market cap – Here’s why everyone is talking about the timing!

USD1, the stablecoin issued by World Liberty Financial, has surpassed a $3 billion market cap, making it the sixth-largest stablecoin and a significant player in DeFi. Its recent growth is largely attributed to Binance’s support, including a 20% APR incentive program and the adoption of USD1 as the primary stablecoin for BUSD-pegged assets. The token is also expanding through partnerships with platforms like Coinbase, FalconX, and Solana-based projects. However, its rapid rise is shadowed by political scrutiny, particularly from Senator Elizabeth Warren, who has raised concerns about potential regulatory favoritism linked to a major transaction involving Binance and a Trump-related pardon. Moving forward, USD1 must demonstrate sustainability beyond high-yield incentives amid evolving regulations.

ambcrypto12/26 19:03

USD1 crosses $3B market cap – Here’s why everyone is talking about the timing!