# Institutional的所有文章

在 HTX 新聞中心流覽與「Institutional」相關的最新資訊與深度分析。潘蓋市場趨勢、專案動態、技術進展及監管政策,提供權威的加密行業洞察。

Polymarket Revival: The Mainstreaming of Crypto Prediction Markets and Future Prospects

Polymarket, a crypto-based prediction market platform, has made a significant comeback in 2025 by re-entering the U.S. market through regulatory-compliant means, including the acquisition of regulated trading and清算 entities. This resurgence is further supported by institutional capital investment and integration with mainstream platforms like the MetaMask wallet, allowing users to trade directly without leaving their wallets. Mainstream financial data platforms have also begun displaying prediction market data, increasing market visibility. Once viewed primarily as a gambling or speculative platform, Polymarket is increasingly recognized as a mechanism for information pricing in financial markets. Widespread participation from both retail and institutional users has made its probability assessments of future events more representative and liquid. Prediction market data is now being incorporated by traditional financial media and data platforms, highlighting its growing potential. However, challenges remain. Prediction markets are not always accurate, with studies showing limited predictive reliability in certain contexts. Questions about platform neutrality and business models have emerged, such as the employment of internal market makers, which could undermine trust. Information asymmetry and insider risks are inherent, potentially disadvantaging ordinary users when some participants access information early. Regulatory, tax, and disclosure requirements also present ongoing uncertainties. The revival and transformation of Polymarket signify a broader shift of prediction markets from niche experiments toward mainstream financial infrastructure. By converting public expectations into tradable probabilities, these markets may complement traditional analysis and polling, providing real-time, decentralized signals in areas like macroeconomics, policy, technology, and geopolitics. As traditional financial institutions invest in compliance and structured products, DeFi is evolving beyond an alternative asset pool to resemble traditional financial infrastructure. Prediction market applications are expanding beyond crypto to potentially include stocks, macroeconomic indicators, sports events, and tech product launches, tightening the link between crypto and the real world. If platforms like Polymarket continue on a path of compliance, stable operation, and integration with mainstream financial services, they could become next-generation market infrastructures—event-driven financial tools alongside stocks, bonds, and options. Key factors for development include platform neutrality, prediction accuracy, regulatory environment, participant diversity, and the maturity of related financial products. In summary, Polymarket’s comeback represents a move of prediction markets from the fringe into the core of financial systems, reflecting deeper changes in how information is priced and how financial infrastructure is rebuilt. This shift brings not only new trading methods but also potential changes in how investors perceive and engage with future events and asset valuation.

cointelegraph_中文昨天 11:26

Polymarket Revival: The Mainstreaming of Crypto Prediction Markets and Future Prospects

cointelegraph_中文昨天 11:26

Crypto Financing and Token Issuance: From Fundraising Recovery to Regulatory Rebalancing

Cryptocurrency financing and token issuance are experiencing a resurgence, driven by clearer regulatory frameworks and increased institutional participation. However, regional regulatory disparities and market deleveraging continue to impact the pace and structure of token launches. Key trends include a shift from speculative, high-risk investments toward longer-term capital deployment in areas like payments, stablecoins, cross-chain infrastructure, and identity verification. Regulatory clarity in the U.S. and parts of Europe has enabled traditional financial entities to engage with compliant crypto products, such as regulated exchanges offering custody-enhanced digital asset products. Despite this progress, regulatory fragmentation remains. Some jurisdictions impose strict requirements on stablecoins and tokenized assets, including asset proof, auditing, and issuance qualifications, while others restrict tokenized financial activities entirely. This inconsistency complicates cross-border issuance strategies. Recent large-scale mergers and acquisitions have boosted industry confidence by integrating resources within token ecosystems. However, this consolidation may marginalize smaller independent projects, increasing their fundraising challenges. Token issuance practices are evolving in two parallel directions: increased compliance efforts (e.g., KYC/AML, transparency in fundraising, market-making arrangements) and more phased, targeted distribution strategies—such as prioritizing institutional investors before public sales—to reduce volatility and avoid the pump-and-dump patterns seen in early ICOs. Risks remain, including high volatility, cross-border regulatory conflicts, and governance vulnerabilities. Transparency—through on-chain asset proof, liquidity disclosures, third-party audits, and verifiable token economic models—is becoming critical for trust. Some exchanges and funds are also exploring compliant issuance services and custody solutions to meet institutional demand. The sector is transitioning from narrative-driven growth to a structured, compliance-oriented, and use-case-focused phase. While continued regulatory maturation may provide a more stable foundation for token offerings, geopolitical tensions or major project failures could lead to renewed market adjustments. Projects are advised to prioritize compliance, transparency, and sustainable business models, while investors should focus on tokens backed by real demand rather than speculative narratives.

cointelegraph_中文17 小時前

Crypto Financing and Token Issuance: From Fundraising Recovery to Regulatory Rebalancing

cointelegraph_中文17 小時前

Interpreting the True Turning Point of Crypto Regulation: BTC, ETH, and USDC Gain Access to the U.S. Derivatives Market

The U.S. Commodity Futures Trading Commission (CFTC), under Acting Chair Caroline D. Pham, has launched a Digital Asset Collateral Pilot Program. This initiative allows regulated derivatives market participants to use Bitcoin (BTC), Ethereum (ETH), and the stablecoin USDC as compliant margin. The program is a significant regulatory shift, marking the first time digital assets are formally recognized as collateral in mainstream U.S. finance. Key details of the pilot include: - **Participants:** Licensed Futures Commission Merchants (FCMs) are the eligible entities. - **Assets:** Initially limited to BTC, ETH, and USDC for a three-month period, with strict weekly reporting requirements to the CFTC. - **Safeguards:** Stringent rules are in place, including holding assets in segregated accounts, conservative haircuts to mitigate volatility risk, and immediate reporting of any issues. - **Framework:** The CFTC also issued new guidance for tokenized collateral and provided "No-Action Relief" to give institutions regulatory clarity for operating within the rules. Industry leaders from Coinbase, Crypto.com, Circle, and Ripple hailed the move. They see it as a milestone that unlocks capital efficiency, reduces settlement risk, legitimizes stablecoins for payments, and paves the way for 24/7 trading, ultimately signaling deeper integration between crypto and traditional finance. While the pilot's immediate impact on retail investors is limited, it is a major long-term signal of institutional adoption. It represents a structural shift in U.S. regulatory approach—from restriction to institutionalization—and is a crucial step toward a future where tokenized assets are fundamental to the financial system.

Odaily星球日报16 小時前

Interpreting the True Turning Point of Crypto Regulation: BTC, ETH, and USDC Gain Access to the U.S. Derivatives Market

Odaily星球日报16 小時前

Ripple's Bullish Sentiment Grows: What Will Trigger XRP's Breakthrough to $2.65?

Ripple (XRP) is experiencing a surge in bullish sentiment, with analysts predicting a potential breakout to $2.65. Over the past 24 hours, XRP’s price increased by 3%, climbing 15.5% from its November 21 low to reach $2.10. Several factors are driving this optimism, including growing institutional demand, shifting trader sentiment, and a bullish technical pattern. Institutional interest is rising, with XRP exchange-traded products (ETPs) attracting $245 million in inflows in the week ending December 5. According to CoinShares, year-to-date inflows have reached $3.1 billion, far surpassing 2024’s total of $608 million. Spot XRP ETFs in the U.S. have also seen consistent inflows, recording $10.23 million on Friday and extending a 15-day streak of net inflows. Cumulative inflows are nearing $900 million, with assets under management (AUM) hitting $861.3 million. Crypto investor Giannis Andreou noted that this accumulation often precedes a market shift. Trader sentiment is increasingly bullish. XRP’s daily funding rate turned positive at 0.0189%, indicating that most traders are opening long positions. On Binance, the long/short ratio shows 72% of accounts are bullish, though this introduces liquidation risks. Similarly, on Hyperliquid, 72% of XRP exposure is long, totaling $94.5 million, compared to $37.6 million in short positions. Technically, XRP has broken out of a symmetrical triangle pattern on the four-hour chart. A sustained close above the $2.15 trendline could trigger a 27% rally to $2.65. Analysts note that a daily close above $2.30 would confirm the breakout, potentially pushing prices toward $2.58, provided the $2.00 support level holds.

cointelegraph_中文16 小時前

Ripple's Bullish Sentiment Grows: What Will Trigger XRP's Breakthrough to $2.65?

cointelegraph_中文16 小時前

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10 小時前

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

深潮10 小時前

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.

marsbit33 分鐘前

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

marsbit33 分鐘前

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