# Сопутствующие статьи по теме Web3

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Web3", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

What Endures Through Bull and Bear Markets Is Not Consensus, But Structure: Learning from Century-Old Football Clubs to Understand Web3

This article draws parallels between the sustainability of century-old European football clubs and the challenges faced by Web3 projects in building lasting communities. It argues that while Web3 excels at discussing growth, incentives, and tokenomics, it often lacks the deep sense of belonging and trust that allows communities to endure market cycles. The piece uses the origins of clubs like Manchester United, FC Barcelona, and Juventus to illustrate how they were founded on strong cultural identity, grassroots community, and a shared sense of purpose—principles that Web3 projects can emulate. It highlights how these identities, forged in local communities and through powerful narratives, created unwavering fan loyalty. Furthermore, it examines how clubs like Liverpool and Borussia Dortmund survived existential crises not through wealthy owners, but through the unwavering support of their fan communities. The article points to governance models like the member-owned structure of FC Barcelona or Germany’s “50+1” rule as examples of how deep community integration creates resilience. Finally, it discusses the role of legendary figures, like Liverpool’s Bill Shankly, as spiritual leaders who embody the community’s values and provide a narrative anchor. For Web3, this underscores the importance of authentic leadership and using key figures to build emotional resonance, while also ensuring the community’s culture is institutionalized to outlast any individual. The core conclusion is that Web3 can learn from football’s focus on authentic identity, community-powered governance, and shared cultural narratives to build projects that survive beyond short-term hype.

比推12/30 04:52

What Endures Through Bull and Bear Markets Is Not Consensus, But Structure: Learning from Century-Old Football Clubs to Understand Web3

比推12/30 04:52

86% Return? How to Use a Bot to 'Earn Passively' on Polymarket

This article details the development and backtesting of an automated trading bot for the "BTC 15-minute UP/DOWN" market on Polymarket. The author identified market inefficiencies and automated a manual strategy to exploit them. The bot operates in two modes. In manual mode, users can directly place orders. In auto mode, it runs a two-leg cycle: First, it observes the market for a set time after a round begins. If either the "UP" or "DOWN" side drops by a specified percentage (e.g., 15%) within seconds, it triggers "Leg 1" and buys the crashed side. It then waits for "Leg 2," a hedging trade on the opposite side, which is only executed if the sum of the Leg 1 entry price and the opposite ask price meets a target threshold (e.g., ≤ 0.95). Due to a lack of historical market data from Polymarket's API, the author created a custom backtesting system by recording 6 GB of live price snapshots over four days. A conservative backtest with parameters of a 15% crash threshold and a 0.95 sum target showed an 86% ROI, turning $1,000 into $1,869. An aggressive parameter set resulted in a -50% loss, highlighting the critical role of parameter selection. The author acknowledges significant limitations of the backtesting, including its short data period, failure to model order book depth, partial fills, variable network latency, and the market impact of the bot's own orders. Future improvements include rewriting the bot in Rust for performance, running a dedicated node, and deploying on a low-latency VPS.

marsbit12/30 04:07

86% Return? How to Use a Bot to 'Earn Passively' on Polymarket

marsbit12/30 04:07

What Compliance Risks Lie Behind Trip.com's Overseas Version's USDT Payment?

Trip.com's overseas platform has introduced USDT payment, allowing users to book flights and hotels using the stablecoin. While this offers benefits like potential discounts from exchange rate differences and bypassing traditional cross-border payment fees and limits, it also carries significant compliance risks under Chinese regulations. For personal use, if the USDT comes from legal sources (e.g., mining or legitimate exchange purchases), occasional small transactions may not be criminally prosecuted but could still violate foreign exchange rules. A major risk is unknowingly using "black USDT" linked to illegal activities like fraud, which could lead to frozen bank accounts and lengthy legal investigations. Helping others book travel for profit, however, constitutes illegal business activity under Chinese law. Repeated or large-scale operations may lead to charges like illegal business operations or money laundering, especially if the USDT sources are suspicious. To stay compliant, users should ensure payment, booking, and user identities match exactly, retain proof of legitimate fund sources, and avoid profiting from exchange rate arbitrage. Engaging in "U booking" services for others is strongly discouraged due to high criminal liabilities. Ultimately, while USDT payments offer convenience, users must prioritize legal compliance to avoid severe financial and legal consequences.

深潮12/30 02:33

What Compliance Risks Lie Behind Trip.com's Overseas Version's USDT Payment?

深潮12/30 02:33

After HashKey's IPO: Behind the Glory, How to Balance the Two Bowls of "Coin" and "Stock"?

Following its listing on the Hong Kong Stock Exchange on December 17, 2025, HashKey Group became the first licensed digital asset trading platform to go public in the city. While many view the IPO as a milestone suggesting a future akin to Coinbase, the reality is more complex. Listing marks not an endpoint, but a turning point—introducing new challenges like stock price stability and regulatory compliance in the public markets. HashKey’s stock performance has been cautious, with prices hovering near or below the IPO price, reflecting market wait-and-see sentiment. Unlike Coinbase, whose valuation closely tracks trading volumes and market cycles, HashKey operates as a multi-service compliant platform—covering trading, custody, asset management, and institutional services—making its revenue model slower and less directly tied to market volatility. A core challenge lies in balancing two distinct valuation mechanisms: its publicly traded stock and its native ecosystem token, HSK. While HashKey states that HSK is a utility token for gas fees, structurally separate from the stock, the two assets operate under different market logics—equity markets prioritize transparency, disclosure, and predictability, while crypto markets are driven by narrative, sentiment, and liquidity. This dual structure introduces inherent tensions: How should the company manage disclosures that may affect both markets differently? Could actions meant to support one asset—like stock buybacks or token burns—be perceived as market manipulation? How can it prevent insider information from affecting the 24/7 crypto market? The article argues that sustainable balance isn’t about synchronizing stock and token prices, but about establishing consistent rules and transparent governance. HashKey must demonstrate it can uphold rigorous disclosure standards, avoid conflicts of interest, and maintain trust across both traditional and crypto investor bases—all under the scrutiny of securities law. Ultimately, HashKey’s journey will set a precedent for how Web3 firms can mature within traditional regulatory frameworks, balancing innovation with accountability. Its success will be measured not by short-term price action, but by its ability to navigate this complex dual identity with integrity and clarity.

深潮12/29 11:27

After HashKey's IPO: Behind the Glory, How to Balance the Two Bowls of "Coin" and "Stock"?

深潮12/29 11:27

After HashKey's Listing: Behind the Glory, How to Balance the Two Bowls of "Coin" and "Stock"?

On December 17, 2025, HashKey Group became the first licensed digital asset exchange in Hong Kong to go public. While many see this as a milestone suggesting a future akin to Coinbase, the reality is more complex. Listing marks a new phase where HashKey must navigate challenges beyond regulatory approval, including market performance and dual valuation mechanisms. Unlike Coinbase, whose stock is heavily influenced by trading volumes and market cycles, HashKey operates as a comprehensive platform offering trading, custody, asset management, and compliance services. Its revenue model is slower and less directly tied to market volatility, making Coinbase’s valuation logic inapplicable. A core challenge is balancing its publicly traded stock price with its native ecosystem token, HSK. Although HashKey states that HSK is solely a utility token for platform fees, the two assets operate under different market logics: stock price reflects traditional corporate performance and governance, while token price is driven by narrative, sentiment, and external factors. As a public company, HashKey must adhere to strict disclosure rules under securities law, yet its Web3 operations involve 24/7 markets where information spreads rapidly. This raises questions about timely disclosure, insider information, potential conflicts of interest, and market manipulation risks. The key to balancing stock and token isn’t synchronizing their prices, but establishing consistent, transparent governance and disclosure frameworks for both. HashKey must demonstrate it can manage dual expectations without compromising regulatory compliance or investor trust. Its listing represents a new corporate form merging Web3 innovation with public market accountability. The industry will watch whether HashKey can sustainably manage these dual pressures and set a precedent for future Web3 enterprises.

marsbit12/29 10:09

After HashKey's Listing: Behind the Glory, How to Balance the Two Bowls of "Coin" and "Stock"?

marsbit12/29 10:09

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