Blockchain Press Releases
HTX Ventures Releases 2024 Half-Year Investment Report, Highlighting Six Key Investment Directions
SINGAPORE, Aug. 7, 2024 /PRNewswire/ —
Foreword
The first half of 2024 has marked a period of significant growth and innovation in the cryptocurrency market. This report outlines HTX Ventures’ key investment directions and maps out the investment outlook for the latter half of 2024.
“HTX Ventures had a great first-half of 2024, following our objective of advancing blockchain technology and Web3 ecosystems, it was through active searching and curation that we found potential opportunities to invest in. These projects have been shortlisted as we believe that they offer innovations and infrastructure that will be essential to the development of Web3. “Edward, the Managing Partner at HTX Ventures said. “For the rest of 2024, we remain optimistic despite the market slowdown, and will continue our lookout for more great projects to invest in by staying committed to the long-term game and supporting front-end development. We have observed a positive innovation flywheel. Triggered by one successful business model and ecosystem, it will inspire many entrepreneurs and lead to long-term innovations within the ecosystem.”
Market Context
Macro Market
The cryptocurrency market has experienced significant growth during the first half of 2024. The approval of Bitcoin ETFs has opened the door to traditional finance for cryptocurrencies, injecting substantial liquidity and stabilizing Bitcoin prices between $60,000 and $70,000 from an average of $40,000. Additionally, the approval of ETH ETFs by the U.S. Securities and Exchange Commission has ushered cryptocurrencies into the ETF era, greatly lowering the investment threshold, though it may also bring more regulation and artificial volatility. As a major class of risky assets, cryptocurrency ETF price fluctuations will have a stronger positive correlation with other financial markets (such as stocks and bonds). It could cause crypto to be more easily manipulated by Wall Street.
The Federal Reserve’s interest rate policies also have a significant impact on the cryptocurrency market. The Federal Reserve’s interest rates directly affect the liquidity of the U.S. dollar and related pegged currencies, which in turn directly influence the volatility of Bitcoin and other major cryptocurrencies.
Comment on the August 5th Global Market Selloff
Triggered by Japan’s interest rate hike, poor U.S. corporate earnings, and unfavorable U.S. unemployment data, the market experienced excessive pessimism and a global selloff (exiting risk assets and moving into safe-haven assets) on August 5th. However, the U.S. economy has not actually entered a recession. More economic data, such as July and August’s CPI and PCE data, ISM manufacturing and non-manufacturing indexes, and PMI data, is needed to clarify the economic situation. Currently, the market’s rate cut expectation is overly optimistic, with the market pricing in a total rate cut of about 100 basis points before the end of the year. The Federal Reserve needs more evidence to make a drastic monetary policy decision. Additionally, market uncertainty has increased due to the U.S. election.
Based on the above assessments, we believe that at least until September, crypto investors should not be overly pessimistic and blindly cut positions, nor should they chase highs. It is a good time to tap into cheap but high-quality business models. Position sizes should be moderate, leverage should be avoided, and investors should continuously update their understanding as new economic data is released to gain greater certainty.
Project Building
On the business side, the Ethereum Dencun upgrade in early 2024 enhanced the ETH ecosystem, improved Layer 2 usability and competitiveness, and opened up new opportunities for project chains. EigenLayer’s innovative business model has introduced new use cases and revenue streams for secured network coins like Ethereum, prompting exploration of new applications for Bitcoin. The combination of AI Agents with blockchain is also bringing transparency and automatic execution for service requesters, providing a glimpse into the future of AI integration.
HTX Ventures’ Investment Focus in First Half of 2024:
During this market cycle, HTX Ventures has been actively identifying and supporting innovative technologies and new business models. Committed to advancing blockchain technology, HTX Ventures offers comprehensive support to projects that expand the scope of Web3.
In the first half of 2024, HTX Ventures made 23 strategic investments across a wide range of areas, including infrastructure, DeFi, the Bitcoin ecosystem, AI, DePIN, SocialFi, and more, with a strong focus on foundational infrastructure and base layer models. Impressed by the increasing talent in the Web3 builder community, particularly as experienced Web3 developers collaborate with Web2 professionals to address real user needs, HTX Ventures is excited to partner with passionate teams to build a more user-friendly Web3 ecosystem.
There are six main tracks that we look into and believe will continue to be rewarding and flourishing during the latter half of 2024. These include BTCFi, Multichain Future Infrastructure, and User Experience Enhancement, Application Infrastructure Projects, New SocialFi and Community Applications, and DePIN.
Read the full report here: https://htxventures.medium.com/htx-ventures-releases-2024-half-year-investment-report-highlighting-six-key-investment-directions-aa2e77b0a034
About HTX Ventures
HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With more than decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.
HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active FOF (Fund of Funds) funds, HTX Ventures invests in 30 top global funds and collaborates with leading blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to jointly build a blockchain ecosystem.
Feel free to contact us for investment and collaboration at [email protected]
Company Website
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- Consensus 2026 marks a significant milestone with its return to Hong Kong and debut in Miami, expanding the reach of the world’s longest-running and most influential crypto conference.
- Following a sold-out debut in 2025, Consensus Hong Kong returns from February 10–12, 2026, convening global leaders to accelerate cross-border innovation and drive East-West collaboration while boosting the Hong Kong economy.
- Consensus Miami debuts May 5–7, 2026, at the iconic Miami Beach Convention Center bringing three days of high impact programming, top tier dealmaking and cultural convergence to North America’s crypto capital.
- Both events will feature Consensus’s signature top-flight programming curated by CoinDesk, as well as a dynamic show floor of industry leading sponsors alongside specialized experiential activations. Also returning is the world-renowned Consensus Hackathon and CoinDesk PitchFest competition, connecting attendees, developers and startups with the most influential voices in crypto, blockchain, Web3 and AI.
HONG KONG and MIAMI, May 14, 2025 /PRNewswire/ — CoinDesk, the most trusted media, events, indices, and data platform for the global crypto economy, today announced the next chapters for Consensus, the world’s longest-running and most influential crypto and blockchain gathering. Following its triumphant debut in 2025, Consensus will return to Hong Kong from February 10–12, 2026, and for the first time, Miami from May 5–7, 2026. This expansion marks a significant milestone for the conference as it continues to grow its global footprint.
Hong Kong: A proven hub for innovation
Building on the success of its sold-out inaugural event, which attracted nearly 10,000 attendees from over 100 countries and contributed an estimated HK$275 million to the local economy, Consensus Hong Kong 2026 is set to accelerate the dialogue between East and West and capture the next wave of innovation, adoption, and deal-making in crypto, AI, and blockchain.
The 2025 debut witnessed industry-altering announcements from regulators and financial institutions, featured 300+ high-caliber speakers from the Hong Kong government, global regulatory bodies, and industry leaders including Binance, Circle, Coinbase, and Google. The 2026 event will occupy the largest floor of the Hong Kong Convention and Exhibition Centre, delivering an expanded experience with signature programming, startup and developer competitions, and networking opportunities. Consensus also included marquee special events across iconic Hong Kong venues, and fostered 350+ side events during its debut year.
Michael Lau, Chairman of Consensus, expressed his enthusiasm, “The overwhelming success of Consensus Hong Kong 2025 was a testament to Hong Kong’s status as a leading global FinTech hub and its unique role as a gateway to Asia. This vibrant city, with its dynamic ecosystem and entrepreneurial spirit, has proven the demand for a world-class conference. We are excited to return with an even larger platform to host the most influential voices in blockchain, Web3, and AI, and to create unparalleled networking opportunities.”
Miami: A new frontier for Consensus
As Consensus expands its global reach, 2026 will not only mark a return to Hong Kong but also introduce Miami, Florida, as a new host city from May 5–7 at the Miami Beach Convention Center. Located in one of the world’s leading tech and crypto hubs, and a direct gateway to Latin America, positioning the event at the strategic crossroads of global capital, talent, and innovation. The Miami event is poised to facilitate consequential conversations and business opportunities while serving as a pivotal meeting point for innovators and leaders from around the world.
Brad Spies, Managing Director of Consensus, said, “Consensus has a long history of bringing together diverse groups from across crypto, finance, tech, policy, AI and culture to connect, do business, and showcase the future. Miami allows us to supercharge Consensus, and advance Web3 in one of the most fun and attractive cities on the planet.”
Both events will feature Consensus’s signature top-flight programming curated by CoinDesk, massive B2B and networking engines, and best in class events and production. There will be a special focus on continuing the success of its Hackathon and PitchFest, which draw the most promising tech talent and early-stage Web3 start-ups from around the world. Attendees can look forward to a series of dynamic discussions, iconic moments, and unforgettable experiences in two of the world’s most vibrant cities.
Tickets for Consensus Hong Kong 2026 and Consensus Miami 2026 are now available. Secure your spot today to be part of the world’s largest and longest-running crypto festival.
Media Contact:
[email protected]
About Consensus
Consensus by CoinDesk is the world’s longest running and most influential gathering for the crypto, blockchain, and AI industries. Bringing together industry leaders, policymakers, and innovators, it helps you understand the future of digital assets with discussions on key topics such as DeFi, Web3, AI, the evolving regulatory landscape and more.
With a mix of panels, keynotes, and networking opportunities, Consensus provides a platform to explore the latest trends shaping the digital economy. Whether you’re an industry veteran or just entering the space, this event offers valuable insights and connections in a rapidly evolving field.
About CoinDesk
CoinDesk is the most trusted media, events, indices, and data company for the global crypto economy. Since 2013, when the price of Bitcoin was $50, CoinDesk Media has led the story of the future of money and investing, illuminating the transformation in society and culture that comes with it. Our award-winning team of journalists delivers news and unparalleled insights that bring transparency, comprehension, and context.
CoinDesk gathers the global crypto, blockchain, and Web3 communities at annual events such as Consensus, the world’s largest and longest-running crypto festival. CoinDesk Indices offers expertise in digital asset indices, data, and research to educate and empower investors. In November 2023, CoinDesk was acquired by Bullish Group. CoinDesk operates as an independent subsidiary and abides by a strict set of editorial policies. For more information on CoinDesk media and events, please visit CoinDesk.com.
Forward-Looking Statements
This press release may include “forward-looking statements” relating to future events or the Bullish Group’s future financial or operating performance, business strategy, and potential market opportunity. Such forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Bullish Group, are inherently uncertain and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. You should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made, and the Bullish Group undertakes no duty to update these forward-looking statements.
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DUBAI, UAE, May 14, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has recently released a weekly crypto derivatives analytics report in collaboration with Block Scholes, followed by an exclusive insights report with the spotlight on ETH’ great comeback.
With investors flocking to ETH following the Pectra upgrade, the research shed light on what every trader is asking: will the ETH rally last? Leading the race since May 7, ETH has been a tour de force with wild gains dwarfing that of BTC’s.
Key Highlights:
- It wasn’t just Pectra: The new insights report by Bybit, published on Tuesday, attributed ETH’s “landmark surge” to drivers beyond the Pectra upgrade. A deep dive into underlying factors that built momentum for ETH’s breakout moment. Macroeconomic developments including signs of relief in the tariffs debacles created conditions for the broader markets to recover, while over $500 million in ETH short liquidations had an immediate and positive effect on its price performance.
The report also mapped out a change in leadership direction and Vitalik Buterin’s new vision for Ethereum, which include a package of reforms to streamline processes and boost efficiency and flexibility. With transition plans for existing projects, the leadership set out to build a more durable and scalable Ethereum blockchain with up to 100x throughput.
- ETH Outperformed BTC: In last week’s Bybit and Block Scholes report, ETH’s new high of single-day gain since 2021 outshone the top rest of the top ten cryptocurrencies. With the spike in implied volatility for short term tenors and ETH’s inverted term structure, crypto’s No. 2 currency won over derivatives traders placed $60 million more in calls than puts for ETH on May 8, 2025, in contrast to BTC’s muted structure.
ETH stood out in the rally across almost all indicators, radiating positivity from funding rates to the close to 10% put/call skew towards calls in the first week of May, a world apart from its 20% skew on the puts side only a month ago.
#Bybit / #TheCryptoArk /#BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
Bybit Pay Goes Global: Seamless Crypto Payments Now Available in 15 Major Cryptocurrencies
DUBAI, UAE, May 13, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the next phase of crypto innovation with the global launch of Bybit Pay. The ground-breaking crypto payment solution which debuted in Brazil is now available for all eligible global users of Bybit.
Bybit Pay Global: Joining the Crypto Payment Revolution
Initially launched in January 2025, Bybit Pay debuted in Brazil and recently presented itself at Web Summit Rio, where thousands of attendees got their hands on the instant payment solution at the Bybit booth. Starting now, over 70 million Bybit international users may live up their crypto lifestyle on the go with Bybit Pay. The expansion is a step forward in financial inclusion for Bybit’s global community, removing the need for costly legacy intermediaries and physical cards—all one needs is a compatible mobile device.
In a few days since its global launch, Bybit Pay recorded over 40,000 transactions. The digital payment gateway enables users to make payments across a global network of merchants online and offline. It currently supports 15 mainstream cryptocurrencies including USDT, USDC, BTC, ETH, XRP, MNT, BNB, TON, and more.
Bybit Pay has also released new features, Send and Receive:
- Bybit Pay Send allows users to transfer digital assets to business or individual payees in an instant using just the recipient’s email addresses, phone numbers, or Bybit User IDs in-app and on the Bybit website.
- Bybit Pay Receive enables users to get paid with a unique personal QR code tailored for their personal preferences of desired amounts or currencies.
The Bybit Pay platform integrates wallet management functionalities for both fiat and crypto. Built with blockchain-backed security, Bybit Pay ensures tamper-proof transactions through on-chain encryption, optimizing security and user privacy.
Leveraging the instant finality of cryptocurrencies, Bybit Pay offers a seamless and secure on and off-ramp experience for senders and receivers of digital assets.
Bybit Send & Earn: 100,000 USDT in Prizes
From now until May 30, eligible users may register for Bybit Send & Earn to share in a total prize pool of 100,000 USDT.
“Bybit is proud to play a role in advancing payment innovation with the global launch of Bybit Pay. It provides our users with an ultra user-friendly solution for their daily crypto spending and transaction needs, while Bybit gets to serve the broader community and bring more payment freedom and convenience to the underbanked,” said Krista Chan, Head of Marketing, Payment Business Unit at Bybit.
Bybit Pay currently serves global users who have successfully completed Identity Verification on Bybit. Users from Service Restricted Countries or local Bybit entities are not currently supported. For the latest updates and detailed terms and conditions, users may refer to the Bybit Pay official page.
#Bybit #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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