# Сопутствующие статьи по теме Finance

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

Coinbase is More Than Just a Crypto Stock; AI Payments Are Reshaping Its Valuation

Coinbase is often valued as a cyclical crypto brokerage tied to Bitcoin prices. However, this view overlooks its strategic position in two transformative trends: the rise of stablecoins and AI agent commerce. Key data shows that 92.8% of real AI agent payments occur on Coinbase's Base L2, with 99.8% settled in USDC, which Coinbase co-creates and distributes with a favorable revenue-sharing agreement with Circle. Analysts project stablecoin supply could reach $3 trillion by 2030, and AI agent commerce could hit $3-5 trillion. Coinbase is positioned to capture significant value from both. Through its four-layer stack—USDC (settlement asset), Base (settlement layer), CDP/AgentKit (developer infrastructure), and Agentic.Market (discovery layer)—Coinbase is becoming the foundational infrastructure for AI-native finance. The company's revenue from stablecoin reserves and AI agent payments could become substantial, diversifying it beyond exchange fees. The article argues this justifies a higher, infrastructure-like valuation, with a bull case for Coinbase becoming a $300 billion company by 2031.

marsbit05/08 05:22

Coinbase is More Than Just a Crypto Stock; AI Payments Are Reshaping Its Valuation

marsbit05/08 05:22

Bitcoin Treasury Companies That Promised Never to Sell Are Now Selling. Why?

The narrative of "never selling" Bitcoin treasuries is unraveling as major holders pivot to using BTC as a liquidity tool. MicroStrategy has formally integrated selling Bitcoin into its financial framework, stating it will sell when beneficial—for instance, to pay dividends if its mNAV ratio falls below 1.22x. CEO Michael Saylor outlined a model where selling BTC is preferable to equity issuance under certain conditions, based on quantified thresholds like a 2.3% annual Bitcoin appreciation break-even. Similarly, Marathon Digital (MARA) sold 15,133 BTC to repay convertible debt, framing it as "balance sheet optimization." Sequans Communications has sold Bitcoin for two consecutive quarters to service maturing convertible bonds, using its BTC holdings as collateral and operational liquidity amidst revenue declines. The shift redefines these companies from pure "belief-based reserves" to leveraged treasuries where capital management decisions—driven by debt obligations, financing costs, and shareholder returns—can override holding dogma. The future path hinges on Bitcoin's price: a bull market above $112,000 would ease financing pressure and absorb tactical sales, while a drop toward $50,000–$58,000 could force more defensive selling to meet liabilities, potentially creating a downward spiral of selling pressure and price declines. Investors must now price in debt maturities, collateral calls, and specific financial triggers alongside Bitcoin exposure.

marsbit05/08 04:51

Bitcoin Treasury Companies That Promised Never to Sell Are Now Selling. Why?

marsbit05/08 04:51

Metaplanet Fuels Bitcoin Bet With $50M Zero-Cost Debt Move

Metaplanet, a Tokyo-listed company, has raised 8 billion yen (approximately $50 million) through a zero-coupon bond issuance to the EVO Fund. The bonds carry no interest and are due for full repayment in April 2027. All proceeds will be used to purchase additional Bitcoin. This aggressive, unsecured debt structure relies on Bitcoin's future price appreciation to repay the principal. The EVO Fund, which has financed multiple such bond issuances for Metaplanet, holds the right to demand early repayment with short notice. This latest move expands Metaplanet's position as one of the largest corporate Bitcoin holders globally, with over 40,000 BTC. The company's share price fell 3.6% upon the announcement.

bitcoinist04/25 09:44

Metaplanet Fuels Bitcoin Bet With $50M Zero-Cost Debt Move

bitcoinist04/25 09:44

Here’s Why Ethereum Is Gaining Recognition As The Core Settlement Layer For On-Chain Finance

Ethereum is increasingly recognized as the core settlement layer for on-chain finance, driven by a significant surge in network activity and stablecoin transfer volumes. Since early 2026, stablecoin transfers on Ethereum have increased by over 119.3%, with volumes consistently ranging between $500 billion and $900 billion and occasionally peaking at $1 trillion. This growth underscores Ethereum's capacity to handle large-scale financial transactions and reinforces its role in bridging traditional finance with blockchain infrastructure. Concurrently, Ethereum's price is at a critical juncture, trading near its Realized Price of $2,340—a historically significant level that has acted as a support floor for macro expansions. While the price recently dipped to $2,314, analysts suggest that holding above this level could signal a transition into a high-conviction bullish phase.

bitcoinist04/25 01:34

Here’s Why Ethereum Is Gaining Recognition As The Core Settlement Layer For On-Chain Finance

bitcoinist04/25 01:34

Transcending Cycles, Defining the Future: BIT Hosts Global Asset Strategy Sharing Session in Hong Kong, Exploring New Paradigms of Web3 and Traditional Markets

Amid a shifting global macroeconomic landscape, BIT, a global digital asset financial services group, hosted the "Global Asset Strategy Forum" in Hong Kong on April 22, 2026, under the theme "Transcending Cycles, Defining the Future." The event brought together industry leaders from financial institutions, crypto platforms, and professional service firms to explore new paradigms in Web3 and traditional markets. Key discussions centered on cross-market investment opportunities, regulatory pathways for compliant stablecoins, and the role of precious metals like gold and silver in the digital economy. BIT Founding Partner Cynthia Wu highlighted the institutionalization of the digital asset sector, noting its evolution from early retail-driven speculation to a phase marked by clearer regulation, the approval of spot ETFs, and the rise of Real-World Assets (RWA). She emphasized RWA’s role in bridging the gap between traditional finance and digital assets. Speakers observed a structural "reversal" between Web3 and traditional markets: Web3 is becoming more rational and profit-oriented, while traditional markets, especially U.S. equities driven by AI, are attracting concentrated capital and attention. The U.S. "Goldilocks" economic environment and AI commercialization were noted as key factors supporting risk assets. In stablecoin discussions, panelists emphasized the importance of regulatory compliance, asset-backed reserves, and transparency, noting that algorithmic stablecoins remain uncertain from a regulatory perspective. For RWA, gold was discussed as a macro-sensitive asset, with its value closely tied to interest rates, dollar strength, and geopolitical factors. The forum concluded that the digital asset industry is transitioning from narrative-driven growth to structure-driven, cross-market integration, with a focus on institutional participation and trust-based financial infrastructure. Disclaimer: This summary is for informational purposes only and does not constitute investment advice.

marsbit04/24 13:29

Transcending Cycles, Defining the Future: BIT Hosts Global Asset Strategy Sharing Session in Hong Kong, Exploring New Paradigms of Web3 and Traditional Markets

marsbit04/24 13:29

REAL Partners with RWA Inc. to Accelerate Tokenized Asset Infrastructure

REAL has entered into a strategic partnership with RWA Inc., a global platform specializing in real-world asset (RWA) tokenization, investor access, and Web3 growth infrastructure. The collaboration aims to build a more robust and scalable blockchain-based financing infrastructure. Together, they will explore how REAL’s RWA-focused Layer 1 blockchain can support tokenized asset issuances originated via RWA Inc., while improving investor onboarding, distribution, and post-issuance servicing. Key areas of cooperation include tokenized asset issuance, AI-powered automation, distribution channels, co-marketing initiatives, and the future use of AI in governance and financial workflows. The partnership seeks to create a more accessible, efficient, and scalable foundation for bringing real-world assets onto the blockchain.

TheNewsCrypto04/24 12:49

REAL Partners with RWA Inc. to Accelerate Tokenized Asset Infrastructure

TheNewsCrypto04/24 12:49

Why Hasn't the U.S. Seen the Rise of 'Huabei' or 'Jiebei'?

The article explores why the U.S. lacks large-scale consumer credit products like China's "Huabei" and "Jiebei," despite having a developed financial sector. Key reasons include: 1. **Structural Barriers**: A fragmented federal and state regulatory system, reinforced by post-2008 reforms like the Dodd-Frank Act, raises compliance costs and protects traditional banks, stifling fintech innovation. 2. **Credit Card Dominance**: Credit cards, used by 70-80% of adults, form a $1.28 trillion debt market with high APRs (avg. 22.3%). This system cross-subsidizes users who pay in full with those carrying balances, creating a predatory yet entrenched ecosystem. 3. **Data Privacy Laws**: Strict regulations (e.g., FCRA, CCPA) prevent tech giants from leveraging behavioral data for credit scoring, unlike in China where such data fuels fintech models. 4. **Capital Market Disincentives**: Wall Street penalizes tech firms entering finance due to lower valuations associated with heavy regulation and risk, as seen in Apple’s failure with Apple Card. 5. **Banking Oligopoly**: Major banks control consumer lending, leveraging lobbying power and consumer habits to maintain high-cost credit, while alternatives like payday loans (400% APR) or "unbanked" services remain niche or exploitative. Ultimately, regulatory, structural, and corporate interests collectively block the emergence of accessible, low-cost digital lending in the U.S.

Odaily星球日报04/24 04:11

Why Hasn't the U.S. Seen the Rise of 'Huabei' or 'Jiebei'?

Odaily星球日报04/24 04:11

Goldman Sachs Bows Down, Bitcoin Finally Breaks Through the Gates of Wall Street

Wall Street giants, including Goldman Sachs, Morgan Stanley, Charles Schwab, and the New York Stock Exchange, have reversed their long-standing opposition to Bitcoin and are now actively embracing it. After years of dismissing Bitcoin as a scam, a bubble, or a tool for illicit activities, these institutions are launching Bitcoin ETFs, enabling spot trading, and building dedicated crypto infrastructure. Goldman Sachs, which once called Bitcoin a "fraud tool," is now offering Bitcoin ETFs. Morgan Stanley, which internally banned the term "cryptocurrency," has launched its largest-ever ETF backed by Bitcoin. Charles Schwab has opened spot crypto trading for its retail clients, integrating Bitcoin alongside traditional assets. The NYSE is building robust infrastructure to support digital assets, signaling a long-term commitment. This dramatic shift is driven not by a change in ideology but by economic necessity. As Bitcoin repeatedly survived market crashes and grew into a multi-trillion-dollar asset class, ignoring it became too costly. Wall Street’s business model relies on capturing fees, and Bitcoin’s rise represented a massive wealth transfer occurring outside their ecosystem. The fear of missing out (FOMO) and client demand forced these institutions to capitulate. The article frames this as a historic surrender to Bitcoin’s mathematical inevitability. Unlike the trust-based traditional financial system, Bitcoin operates on decentralized, transparent, and unchangeable rules. Its scarcity and resilience make it a hedge against fiat currency devaluation and systemic risk. The narrative has flipped: not holding Bitcoin is now seen as the greater risk. The author concludes that Bitcoin has not been co-opted by Wall Street; instead, it has co-opted Wall Street, marking a fundamental shift in the global financial architecture.

marsbit04/24 01:27

Goldman Sachs Bows Down, Bitcoin Finally Breaks Through the Gates of Wall Street

marsbit04/24 01:27

An Opening For Ripple: Why XRP Is Set To Dominate This Crypto Sector

Ripple's XRP is positioned as a key asset poised to drive the next wave of transformation in the crypto sector, particularly in decentralized finance (DeFi). According to XRP Ledger validator Vet, XRP could challenge traditional finance (TradFi) by addressing structural limitations like slow settlement times, high transaction costs, and restricted cross-border accessibility. Vet emphasizes XRP's superior protocol design and high-value use cases, such as cross-border payments and liquidity provisioning, which make it ideal for real-world financial applications. However, Flare Network co-founder Hugo Philion criticized these claims as premature, arguing that protocol superiority should be proven at scale under real-world conditions. Vet defended his stance, highlighting XRP's risk-minimized design and pointing to the upcoming XLS-66 upgrade as evidence of its structural advantages.

bitcoinist04/23 23:02

An Opening For Ripple: Why XRP Is Set To Dominate This Crypto Sector

bitcoinist04/23 23:02

Four-Dimensional Resonance: Hong Kong Web3 Carnival Sub-Forum Co-Creates Blueprint for Global Financial New Infrastructure

The "Four-Dimensional Resonance: 2026 Global Financial New Infrastructure" forum, a core event of the Hong Kong Web3 Festival, was successfully held at the Hong Kong Convention and Exhibition Centre. Co-hosted by Web3Labs and DeShang Singularity Tech, with joint support from Bitroot, Injective, Microsoft, and Z Oracle, the event gathered policymakers, industry leaders, and investors to explore the integration and innovation of global financial infrastructure, focusing on RWA, AI, DeFi, and compliant payments. Policy speakers, including Hong Kong Legislative Council Member Mr. Wu Jiezhuang, South Korean National Assembly Member Mr. Min Byung-duk, and ACED Chairman Mr. Yun Seok-hun, emphasized the importance of cross-border regulatory collaboration and an open policy environment for fintech innovation. Web3Labs CEO Caspar and DeShang Singularity Tech CEO Chang Shuai highlighted Hong Kong’s role as a financial innovation center and the approaching "singularity moment" for global financial infrastructure. Technical insights were shared by MagnetX, Bitroot, Microsoft, and Injective on topics including AI Agent economies, the evolution of public blockchains, and AI’s transformative role in finance. Key partnerships and initiatives were launched: - GWDC 2026 Korea collaboration between Hong Kong and South Korea. - A strategic agreement between Web3Labs and Microsoft. - The launch of a public anti-fraud alliance by Z Oracle and partners. - The "Injective Rising Star" program to support AI and Web3 projects. Panel discussions delved into AI-driven smart payments, compliant cross-border transactions, and the fusion of RWA and DeFi. Participants agreed that integrating RWA with DeFi is crucial for the next stage of financial infrastructure, enabling a shift from physical to digital finance. The forum underscored Hong Kong’s pivotal role in advancing a globalized and sustainable Asian fintech ecosystem.

marsbit04/23 08:52

Four-Dimensional Resonance: Hong Kong Web3 Carnival Sub-Forum Co-Creates Blueprint for Global Financial New Infrastructure

marsbit04/23 08:52

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