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htx

HTX is the new name of Huobi Global, a leading cryptocurrency exchange that offers a wide range of digital asset trading services. HTX supports various trading products such as spot trading, leveraged trading, and futures contracts, covering global markets. It focuses on security, liquidity, and user experience, and is committed to providing users with efficient trading solutions.
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Huobi HTX Chief Analyst Cloud: Before the interest rate meeting, Bitcoin is likely to continue its fluctuations, with the lower edge of 80,000 USD possibly being tested first

Bitcoin has been trapped in the range of $80,000 to $84,000 for the past two weeks. Huobi HTX's chief analyst Cloud believes that this is essentially a balance of two opposing forces: ETFs have seen a net outflow for two consecutive weeks, while exchange holdings continue to flow out, and long-term holders are only moderately cashing out. In the week leading up to the Federal Reserve's interest rate decision, Bitcoin is likely to continue waiting in this range. The CME has only priced in a 16% chance of a rate hike in October, while economists generally believe it is close to a 50-50 chance. This discrepancy in pricing and opinions will make funds hesitant to bet in advance.If a direction is chosen in advance, the possibility of a downward test is slightly higher: the funding rate remains high, and the options skew continues to lean towards puts, indicating that bulls have not yet cleared out, and the demand for downside protection is still increasing. However, there has been effective support formed multiple times below $80,000 in the past month, making a downward breakout more likely to be a false breakout.Confirmation signals for a breakout are divided into two groups: for an upward breakout, the daily close needs to be above $84,200, with a cumulative net inflow of over $500 million into ETFs for three consecutive days, and the funding rate not exceeding 15%; for a downward breakout, it must fall below $79,800, with a single-week ETF outflow exceeding $500 million, while exchange funds turn into net inflows. The true source of direction will come from the interest rate decision announced at midnight on October 29, Beijing time, and the nearly 89% pricing for a rate hike in December.Note: The content of this article is not investment advice and does not constitute any offer, solicitation, or recommendation for any investment products.

first_img The court of Kazakhstan issued a ban on six unlicensed platforms including Coinbase and BingX

According to Cointelegraph, the Astana International Financial Centre Court (AIFC) in Kazakhstan has issued an injunction against six unlicensed cryptocurrency platforms, prohibiting them from providing digital asset services locally and expanding access restrictions to app stores. The Astana Financial Services Authority (AFSA) stated on Tuesday that the court made this ruling after the regulatory agency sued the operators of the relevant platforms for providing digital asset services without authorization.The order issued on September 15 specifically named BingX, Bitcoin.com, Huobi Global (HTX), BitMart, Coinbase, LBank, and WEEX; a three-day later amendment removed LBank from the list, as its operator had blocked access for users in Kazakhstan. Google and Apple, as app store operators, were also included and are required to implement regional access restrictions for the remaining platforms.AFSA stated that users of unlicensed platforms lack the protections that licensed institutions should provide, including asset protection, information disclosure, complaint handling, and dispute resolution. The National Bank of Kazakhstan is responsible for regulating digital asset service providers outside of the AIFC.AFSA CEO Evgeniya Bogdanova stated that this court ruling is the result of the agency's long-term efforts by its supervision and enforcement team to address the activities of unlicensed crypto platforms that advertise without authorization and provide digital asset-related services in Kazakhstan without a license.AFSA noted that it had issued warnings to over 20 platforms by 2025, nine of which voluntarily restricted app access in the country, and seven expressed intent to apply for licenses. The agency has withdrawn its claims against these nine, and the injunction will be enforced against the remaining six. Cointelegraph previously reported that the financial regulator in Kazakhstan had blocked nearly 1,000 unregistered cryptocurrency exchanges that were providing services to citizens of the country in 2023.

Huobi HTX Chief Analyst Andy: U.S. inflation heats up again, market re-trades "higher for longer"

Surrounding the unexpected rebound of the U.S. September CPI, Huobi HTX Chief Analyst Andy pointed out that inflation is spreading from energy to core prices. The U.S. September CPI rose year-on-year to 3.7%, and the core CPI rose year-on-year to 2.6%. Gasoline prices increased by 9.1% in a single month, contributing to more than half of the overall increase, but prices for housing, healthcare, and airline services also rose, indicating that this rebound cannot be fully explained by energy shocks.The data reinforces the Federal Reserve's "higher for longer" policy logic. The economy has not yet shown significant signs of recession, and the Federal Reserve lacks urgent reasons to shift to easing, needing to prevent inflation expectations from becoming unanchored. After the CPI announcement, U.S. Treasury yields and the dollar quickly rose, with the market raising expectations for subsequent interest rate hikes, leading to increased uncertainty in the interest rate path.For the cryptocurrency market, this change is slightly bearish in the short term. The market first trades on real interest rates, the dollar, and global liquidity; high inflation does not automatically favor Bitcoin. After the CPI announcement, Bitcoin weakened and fell below $82,000. In the medium term, it is necessary to distinguish between "energy-driven inflation" and "demand-driven inflation": if energy prices decline and core inflation no longer accelerates, the September data is more likely to be a temporary supply shock; if core service inflation continues to rise, then the high interest rate level may be maintained longer than expected. The direction of Bitcoin depends on whether inflation, employment, and long-term U.S. Treasury yields can jointly confirm a new policy path.

Huobi HTX Chief Analyst Cloud: The direction of Bitcoin awaits the determination of CPI, with the lower edge of $81,000 likely to be tested first

Bitcoin has retreated from around $86,000 at the beginning of October, fluctuating in the range of $81,000 to $84,000 in recent days, while the US dollar has strengthened and US Treasury yields remain high. Cloud, the chief analyst at Huobi HTX, believes that the likelihood of breaking down from the fluctuation range is greater.The ISM services price index rose to 74.0 in September, the highest since July 2022, and the one-year inflation expectation from the University of Michigan rose to 4.7% in October. The rise in price components and inflation expectations indicates that the probability of CPI exceeding expectations this Thursday is not low; if this materializes, the pricing for interest rate hikes at the end of the year will be further strengthened, and the lower bound of $81,000 will be tested first. Only if CPI is below expectations will the breakthrough of the upper bound of $84,000 have sustainability.The recent decline in chip stocks is mainly due to the repricing of AI capital expenditures and hardware profit expectations. The retracement of Bitcoin is smaller, indicating that its pricing is more aligned with macro liquidity, and its correlation with the AI narrative is weakening; however, this divergence is temporary. Once the US dollar and long-term interest rates regain dominance in pricing, the linkage will quickly strengthen, with the CPI announcement on Thursday evening serving as a recent testing window.

HTX DAO Ambassador Molly: Continuously improve the ecological mechanism, promote community nodes and on-chain ecological construction

On the evening of October 6, HTX DAO Ambassador Molly stated at the HTX DAO "Night of the Future" event held in Singapore that HTX DAO is continuously investing in three directions: ecological mechanisms, community building, and on-chain ecology. By continuously optimizing the token economic mechanism, expanding ecological application scenarios, and advancing relevant ecological initiatives according to established mechanisms, a solid foundation for long-term ecological development is being laid.Regarding community building, Molly revealed that HTX DAO plans to promote the construction of regional community nodes in the fourth quarter, supporting community members to organize activities, participate in exchanges, and co-build community culture. Currently, the number of active volunteers participating in community building has approached 200, and there are plans to further expand community participation in the future. In terms of on-chain ecology, HTX DAO is attracting developers from global universities to participate through hackathons and other means, with several projects currently in further incubation or advancement stages, exploring integration with $HTX ecological application scenarios.Molly emphasized that ecological construction requires long-term investment. HTX DAO will continue to improve infrastructure, cultivate active communities, and promote the implementation of ecological applications. She also stated that as one of the participants in the HTX DAO ecosystem, Huobi HTX is also continuously optimizing user experience, including optimizing withdrawal fees, collecting user feedback, and improving the App usage experience, to better respond to user needs and market changes.
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