# Сопутствующие статьи по теме Trading

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

Meme Wrapped Contracts: Is alt.fun Real Innovation or Pseudo-Demand?

"Last week, the new Meme token launch platform alt.fun on Hyperliquid gained significant attention. Its flagship token ALT reached a peak market cap of $8.8 million. The platform's novelty lies in combining the mechanics of Pump.fun with leveraged trading on Hyperliquid. When a user creates a Meme token on alt.fun, they must also open a leveraged long/short position (2x, 3x, or 5x) on an underlying asset like HYPE. The platform then mints a corresponding leveraged token (LT) on BounceTech, which represents that perpetual contract position. Essentially, users are trading a tokenized derivative. This creates a dual price driver: the token's value is influenced both by market buying/selling via a bonding curve and by the performance of its underlying leveraged position. Hence the slogan: 'Your token pumps even when nobody's buying.' Tokens 'graduate' to a liquidity pool when their market cap (effectively the LT's value) reaches $9,000, achievable through either mechanism. However, this model faces key challenges. Gains are amplified only in strong, one-directional markets for the underlying asset. In volatile conditions, the mandatory 'rebalancing' of LTs leads to value decay. More fundamentally, alt.fun struggles to foster the community consensus vital for Meme tokens. Investment is driven primarily by price speculation on the underlying asset, not by narrative or cultural appeal. With limited underlying assets, token differentiation is low. The article concludes that while mechanically innovative, alt.fun may be better suited as a DeFi platform than a true Meme launchpad, as its core product lacks the community-driven essence of successful Memes."

Odaily星球日报05/18 12:41

Meme Wrapped Contracts: Is alt.fun Real Innovation or Pseudo-Demand?

Odaily星球日报05/18 12:41

Perspective: Tokens on alt.fun are double-layered leverage

**Title:** Tokens on alt.fun are Double-Layered Leverage **Summary:** Tokens on alt.fun (like ALT) are not simple 5x leveraged bets on HYPE. Instead, they represent a **double layer of leverage**. The core mechanism involves HyperSwap V2 pools. After "graduation," these tokens are paired not with USDC, but with **HYPE5L**—a 5x long leverage token (LT) issued by BounceTech that tracks HYPE. Therefore, an alt.fun token's price in USDC is determined by multiplying two independent factors: 1. **AMM Exchange Rate:** The pool's ratio between the alt token and HYPE5L, driven by trading activity on alt.fun. 2. **LT Net Asset Value (NAV):** HYPE5L's value, which moves at approximately 5x the daily return of HYPE. This creates a compounding effect: * If HYPE rises 1%, HYPE5L's NAV rises ~5%. Profit-taking HYPE5L holders may then buy alt tokens, increasing demand and pushing the AMM exchange rate higher. The alt token's total gain thus exceeds 5%, potentially reaching 8-15%. * Conversely, if HYPE falls, losses are amplified beyond 5x due to combined NAV decline and AMM selling pressure. During crashes, large sell orders may fail due to non-atomic redemption paths, potentially trapping later sellers. In contrast, platforms like pump.fun pair tokens with stable assets like SOL, applying only the AMM amplifier to a 1x underlying asset. Alt.fun's use of a pre-leveraged quote asset (HYPE5L) fundamentally shifts the risk profile, creating a **second-order product with floating, often higher, effective leverage (typically 8-15x)** that is not clearly communicated in the interface. This results in amplified gains in strong trends but significantly magnified losses and unique liquidity risks during downturns.

marsbit05/18 10:16

Perspective: Tokens on alt.fun are double-layered leverage

marsbit05/18 10:16

BTC on a Roller Coaster, HYPE Hits New Highs | Guest Analysis

**Market Analysis: BTC Volatility and HYPE's New Highs** This week, markets experienced significant volatility. Macro pressures intensified with a bond market sell-off, rising rate hike expectations, and oil surpassing $110. Bitcoin (BTC) broke below $78K and is currently testing a critical range. The core debate centers on the nature of BTC's rally from its February low: Is it the start of a new uptrend (Path 1: bullish) or merely a B-wave rally within a larger monthly corrective structure (Path 2: bearish)? The outcome of the battle in the $78,500-$79,500 zone is key this week. * **For BTC:** * **Mid-term:** Maintain a neutral, cash position. * **Short-term:** Two contingency plans with ≤30% position size and strict stop-losses: * **Plan A (Bearish):** Sell if price rebounds but faces resistance in the $78,500-$79,500 zone. * **Plan B (Bearish):** Sell if price convincingly breaks below the $73,500-$75,000 support. * A break above $90,000-$93,100 would strongly favor the bullish Path 1 scenario. * **For HYPE:** HYPE continues its independent rally, hitting new highs with over 10% gains this week. The trend remains bullish as long as price holds above the key support at $38.41. * **Short-term Strategies (≤30% position):** * **Plan A (Bullish):** Buy on a confirmed break above $45.76. * **Plan B (Bearish):** Sell short on a confirmed break below $45.76. * **Plan C (Bullish):** Buy on a pullback finding support near $38.41. **Trade Review:** Last week, a disciplined 1x leveraged BTC long trade at $79,812, based on model signals, was closed at $81,426 for a ~2.02% profit. **Important:** Market conditions change rapidly. This analysis is for informational purposes only and does not constitute investment advice. Trade with caution and proper risk management.

marsbit05/18 06:32

BTC on a Roller Coaster, HYPE Hits New Highs | Guest Analysis

marsbit05/18 06:32

Bitcoin Treasury Firm Strategy To Repurchase $1.5B Of Convertible Notes — Details

Bitcoin treasury firm Strategy (formerly MicroStrategy) plans to repurchase approximately $1.5 billion of its convertible notes due in 2029 for an estimated $1.38 billion. According to a filing with the SEC, the company will fund the buyback using cash reserves, proceeds from securities sales, and/or potential sales of Bitcoin. This move, authorized by Chairman Michael Saylor, follows recent comments from CEO Phong Le about possible scenarios for selling Bitcoin to enhance shareholder value. The repurchase could positively impact equity holders by preventing future stock dilution. The news follows a record $1.53 billion trading volume for Strategy's preferred stock (STRC), a key instrument for its Bitcoin acquisitions. The firm remains the largest corporate Bitcoin holder with 818,869 BTC.

bitcoinist05/17 05:02

Bitcoin Treasury Firm Strategy To Repurchase $1.5B Of Convertible Notes — Details

bitcoinist05/17 05:02

Strategy’s STRC Daily Trading Volume Hits $1.5B Amid Bitcoin Buying Push

The trading volume of Strategy's perpetual preferred stock (STRC) reached a record $1.5 billion. STRC is the key instrument for financing the company's Bitcoin acquisition plans. Michael Saylor highlighted its $1.53 billion in liquidity and an 11.5% dividend for investors without diluting common shares. Data suggests the raised funds could potentially buy over 9,000 Bitcoin. Strategy has significantly increased its Bitcoin purchases in recent months. Perpetual preferred stocks have become a popular funding mechanism for Bitcoin treasuries in the current market, with other firms like Strive and Metaplanet adopting similar instruments.

TheNewsCrypto05/15 12:51

Strategy’s STRC Daily Trading Volume Hits $1.5B Amid Bitcoin Buying Push

TheNewsCrypto05/15 12:51

Massive US Spot Bitcoin ETF Outflows Shake Market Momentum

Massive US spot Bitcoin ETF outflows are shaking market momentum. After attracting $3.29 billion in March and April, these funds have reversed course, with a significant single-day net outflow of $635 million on Wednesday—the largest since late January. Over the past five trading days, outflows totaled $1.26 billion, reducing cumulative net inflows since January 2024 to $58.5 billion. This shift coincides with a stalled Bitcoin rally. After climbing from $65,000 to over $80,000, the price has halted near a key technical resistance and fell 2% to around $79,400 in 24 hours. Analysts link this to renewed U.S. inflation fears, which contrast with record highs in major stock indices. The substantial ETF outflows, against a deteriorating macroeconomic backdrop, present a concern for bullish investors, highlighting the ongoing complex relationship between fund flows and Bitcoin's price.

TheNewsCrypto05/14 12:11

Massive US Spot Bitcoin ETF Outflows Shake Market Momentum

TheNewsCrypto05/14 12:11

EASY Residency Season 3 Graduation List Released: Which Tracks is YZi Lab Focusing On?

YZi Labs has announced the 25 graduating projects from the third season of its flagship incubation program, EASY Residency. This cohort is focused on key Web3 sectors including the reconstruction of on-chain financial market structures, AI agents, tokenized real-world assets (RWA), prediction markets, and privacy/compliance infrastructure. The selected projects span a wide range of applications. In the AI and infrastructure domain, Bank of AI provides identity and payment infrastructure for AI agents on BNB Chain, while Cournot focuses on making AI probabilistic outputs verifiable. Functor addresses self-custody authorization for AI agent workflows. For decentralized finance (DeFi) and trading, several projects aim to enhance liquidity and user experience. LunarBase offers CEX-level on-chain liquidity, Möbius is building a unified margin layer, and Nemesis is a permissionless margin trading protocol. Others like LayerV and Vibe.fun are working on structured products and exotic derivatives. The RWA and asset tokenization category includes Renaiss, which provides liquidity infrastructure for physical collectibles, and Openstocks, a platform for tokenized private market exposure. Prediction markets and novel financial primitives are represented by Polysights (automation infrastructure for prediction markets) and PokerFi (an on-chain poker skill-games options market). Privacy and compliance are addressed by projects like 0xBow.io, which offers compliance-oriented privacy infrastructure, and SilentSwap, a cross-chain privacy swap protocol. The list also features projects targeting specific niches or improving core processes, such as Isaac, a non-interest stablecoin neobank for the Muslim market, Brief Tech, an AI-powered legal evidence indexing tool, and Flap, a programmable token launch infrastructure. Overall, this cohort reflects YZi Labs' investment thesis in foundational infrastructure layers, AI integration, sophisticated DeFi products, and real-world asset tokenization, aiming to advance the usability and capability of the on-chain ecosystem.

marsbit05/14 02:09

EASY Residency Season 3 Graduation List Released: Which Tracks is YZi Lab Focusing On?

marsbit05/14 02:09

EASY Residency Season 3 Graduation List Announced: Which Sectors is YZi Lab Eyeing?

YZi Labs has announced the 25 projects graduating from the third season of its flagship incubation program, EASY Residency. The cohort focuses on key areas such as rebuilding on-chain financial market structures, AI agents, tokenized real-world assets (RWA), prediction markets, and privacy/compliance infrastructure. Notable projects include: Bank of AI, building AI Agent identity and payment infrastructure for BNB Chain; Cournot, creating a verifiable reasoning platform for AI probability outputs; and LunarBase, a liquidity platform aiming for CEX-like execution quality on Base and BNB Chain. Other highlights are: Flap, a programmable token launch infrastructure; GEMINT, a marketplace for collectibles and IP assets; and Renaiss, providing liquidity infrastructure for physical collectibles as RWAs. In DeFi, projects like Möbius (unified margin layer), TermMax (fixed-rate lending), and LayerV (on-chain options) aim to enhance sophistication and capital efficiency. Several projects tackle AI automation, such as Newsliquid (automating news-based trading) and Taco AI (AI agent trading). Privacy and compliance are addressed by 0xBow.io (privacy infrastructure with compliance proofs) and SilentSwap (private cross-chain swaps). The selection reflects YZi Labs' focus on foundational infrastructure across AI, DeFi, tokenization, and next-generation financial primitives, supporting early-stage projects that aim to advance these critical sectors.

Odaily星球日报05/14 02:02

EASY Residency Season 3 Graduation List Announced: Which Sectors is YZi Lab Eyeing?

Odaily星球日报05/14 02:02

The 3 Bitcoin Rules That Tell When The Bear Market Is Fully Over

Crypto analyst Bee outlines three Bitcoin rules to identify the end of the bear market: it lasts at least 350 days, the bottom never forms without touching the 350-day moving average (MA 350), and the price always drops more than expected. Based on these, he argues the current bear market is not over, projecting a potential drop to around $46,000 to tag the MA 350 at $47,000 before a true bottom forms. Despite a recent rally above $82,000, Bitcoin struggles to hold $80,000 amid hot CPI data and stalled U.S.-Iran talks, with Bee expecting another downtrend. Another analyst, Colin, is more open to the cycle bottom being in than a month ago but still anticipates a retest of the $60,000-$70,000 range lows later this year. Alternatively, he notes that if the bottom isn't in, prolonged sideways trading reduces the odds of a significantly lower floor. Bitcoin is currently trading around $81,200.

bitcoinist05/13 22:33

The 3 Bitcoin Rules That Tell When The Bear Market Is Fully Over

bitcoinist05/13 22:33

Bitcoin Is Setting Up A Similar Structure To 2017 & 2021, What Happened Last Time?

Bitcoin's recent climb back above $80,000 is drawing comparisons to patterns seen in 2017 and 2021, according to analyst Merlijn The Trader. In those previous cycles, Bitcoin briefly broke below key support—a "fakeout" that stopped out traders—only to quickly recover and then rally to new all-time highs. The current structure suggests a similar scenario may be unfolding, where a sharp drop below support (potentially under $60,000) could shake out weak holders before a swift recovery. The $80,000 level is now a critical technical juncture. A sustained move above $82,000 would support the bullish case, while a break below $78,000 could signal a bearish shift. However, the analyst's overall outlook remains bullish, projecting that if Bitcoin follows the historical playbook, this setup could eventually lead to a parabolic move toward a new peak above $242,000. As of now, Bitcoin is trading around $80,790.

bitcoinist05/13 03:01