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HTX Achieves 100% YoY Trading Volume Growth to $2.4 Trillion in 2024, Powers User Growth to Over 49 Million – Crypto-News.net

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HTX Achieves 100% YoY Trading Volume Growth to $2.4 Trillion in 2024, Powers User Growth to Over 49 Million – Crypto-News.net


Embracing a New Era of Crypto Growth with Enhanced Security, Premium Listings, and Global Expansion in 2025

SINGAPORE, Jan. 15, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange, today released its annual report, “Embracing Global Growth with Innovation and Trust,” detailing its significant achievements in 2024 and outlining its ambitious roadmap for the year ahead.

Read the full report here: https://square.htx.com/htx-2024-recap-2025-outlook/

2024: A Year of Explosive Growth Across Multiple Fronts

In 2024, HTX demonstrated remarkable progress across key areas, including user acquisition, trading volume, product innovation, compliance, and ecosystem development. This success was driven by cutting-edge offerings, excellent services, and a robust global strategy.

  • Key Metrics Show Accelerated Growth Through Innovative Events

HTX’s performance metrics reveal unparalleled momentum. The platform welcomed 3 million new registered users in 2024, bringing its total user base to over 49 million. Trading volume surged, reaching nearly $2.4 trillion, marking a 100% year-over-year increase with consistent monthly growth. User assets also saw significant growth, with a net capital inflow of $1 billion, bringing the total to $5 billion—a robust 80% increase compared to early 2024.

These achievements can be attributed to the success of HTX’s innovative events, such as Launchpool, Trade to Earn, Earn with Pending Orders, Borrow & Earn, SmartEarn, and the 11th Anniversary Series. These events fostered unprecedented engagement, trading volume, and rewards offered to participants.

Over the past year, community members actively participated in HTX DAO, casting over 350,000 votes. Based on the governance proposals passed by HTX DAO, HTX introduced new models such as “Multiple Staking Rewards” to enhance the value of $HTX. These models further strengthened the competitiveness of the $HTX token. Data shows that thanks to mechanisms such as Liquidity Pledge and Token Burns, the total number of users holding $HTX on the HTX exchange reached over 720,000. Moreover, the amount held by large holders increased by 268%, with the number of large holders possessing over 100,000 USDT experiencing a 110% increase.

  • Spotlight on Emerging Trends and Early Opportunities

Leveraging its market insights, HTX listed 218 high-quality assets in 2024, including WIF, BOME, ONDO, and ENA, across diverse hot sectors including DePIN, RWA, and meme coins. Notably, 171 of these assets were initially listed on HTX.

SUNDOG, the best-performing coin within the SunPump ecosystem, experienced a remarkable 37-fold growth after its listing, becoming a key driver of SunPump’s success.  Recognizing the importance of identifying and capitalizing on emerging opportunities, HTX promptly launched the Crypto Gem Hunt to help users discover and capitalize on potential wealth-generating assets.

  • Commitment to Security and Regulatory Compliance

HTX made significant strides in global compliance, including applying for Europe’s MiCA licenses and pursuing regulatory approvals in Dubai (VARA’s FMP license) and Bahrain for custody, brokerage, and exchange operations.

To ensure asset transparency, the exchange consistently delivered Proof of Reserves by Merkle Tree Verification for 12 consecutive months, maintaining over 100% reserve ratios across eight assets.

  • Towards Long-Term Development Through Ecosystem Cooperation

HTX Ventures, the global investment arm of HTX, invested in 28 leading projects in 2024, spanning diverse sectors such as BTCFi, ZK-rollups, modular infrastructure, AI, SocialFi, and more.  Furthermore, HTX fostered strategic collaborations with leading venture capital firms, including Bankless and Figment, to jointly promote the sustained growth and development of the crypto industry.

  • Promotion of Brand Image to Facilitate Global Reach

Throughout 2024, HTX consistently made a strong impression at top crypto summits worldwide, such as TOKEN2049 and Blockchain Life, hosting 19 brand events and receiving 4 industry awards. Notably, the host of Crypto Summit 2024 revealed at the opening ceremony that HTX holds an 11% market share, ranking third in the CIS region, solidifying its position as a key player in the market.

2025: Seizing Opportunities in a New Crypto Era

HTX’s 2025 vision aligns with anticipated industry tailwinds, including potential shifts in the U.S. Federal Reserve’s interest policies and the evolving global regulatory landscape. The exchange plans to:

1. Expand premium listings.

2. Enhance product offerings and user experience through innovation.

3. Strengthen security measures and global operations models.

4. Support decentralized governance and foster global crypto prosperity.

5. Cement HTX’s influence, particularly in high-potential regions like the CIS.

2025 will be a pivotal year for HTX to seize emerging industry opportunities. As a well-established digital asset trading platform with a proven track record of industry building, and a strong user-centric focus, HTX is confident to deliver exceptional  services for its global user base and advance toward its vision of “Achieving Financial Freedom for 8 Billion People on Earth”.

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact [email protected] 

Contact Details
Ruder Finn Asia
[email protected]
Company Website
https://www.htx.com

 

(PRNewsfoto/HTX)



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Moonpay Acquires Solana-Focused Crypto Payment Processor Helio – Crypto News Bitcoin News

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Moonpay Acquires Solana-Focused Crypto Payment Processor Helio – Crypto News Bitcoin News



Moonpay Acquires Solana-Focused Crypto Payment Processor HelioMoonpay, one of the largest crypto onramps, has recently acquired Helio, a Solana-focused payment processor. With the deal, Helio will remain a separate brand, operating as a Moonpay subsidiary, with its employees becoming shareholders. Moonpay Acquires Helio in $175 Million Deal Moonpay, one of the leading crypto onramps, has announced the acquisition of Helio, a […]



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Bitcoin Is (BTC) Part of Macro-Driven Sell-Off, May Fall Further: Standard Chartered

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Bitcoin Is (BTC) Part of Macro-Driven Sell-Off, May Fall Further: Standard Chartered



Bitcoin (BTC) and other digital assets have dropped as part of a wider macro-driven sell-off in the market and there is a risk that forced selling could lead to further weakness, investment bank Standard Chartered said in a report on Monday.

The market downturn was triggered by Federal Reserve Chairman Jerome Powell’s hawkish press conference in mid-December.

The bank noted that investors who took on bitcoin exposure after the U.S. election in November, are now “only breaking even,” and there is a risk that forced or panic selling could add to the sell-off. This includes exchange-traded fund (ETF) buyers and BTC acquirer MicroStrategy (MSTR).

“The risk of mark-to-market pain is building,” wrote Geoff Kendrick, head of digital assets research at Standard Chartered.

If the world’s largest cryptocurrency breaks below the key $90,000 level, it could retrace 10% lower to the low $80,000s the report said, and other digital assets would also likely fall.

The bank advises adding bitcoin once the retracement is over.

Standard Chartered still expects bitcoin to hit $200,000 by the end of the year, fueled by the resumption of institutional inflows under the new Trump administration.

Read more: Bitcoin Bull Tom Lee Sees BTC Reaching as High as $250K by Year-End





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Academic Paper Reveals Consistent Pattern in Weekly Bitcoin Price Prediction

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Academic Paper Reveals Consistent Pattern in Weekly Bitcoin Price Prediction


Academic Paper Reveals Consistent Pattern in Weekly Bitcoin Price Prediction

Andrey Ignatenko, a crypto trader and expert in data analysis, in collaboration with Larysa Dokiienko, a PhD holder in Economics, discovered a correlation between the Moving Average Convergence Divergence (MACD) histogram and the maximum price of Bitcoin on a weekly timeframe.

The duo published an Academic paper in the journal “Investments: Practice and Experience” which is included in the list of scientific professional publications of Ukraine. 

The Journal focuses on economics and public administration and is managed by the order of the Ministry of Education and Science of Ukraine. 

The academic paper titled “ Practical Use of the Maximum Price of Bitcoin Dynamics And The MACD Histogram To Formulate Trader’s Forecasts” discusses the correlation between the MACD histogram and how high or low the Bitcoin price gets on a weekly time frame. The full article can be read as a free PDF on the journal’s website.

This study reveals a slightly consistent pattern that could aid crypto traders in accurately predicting Bitcoin price on a short to medium-term basis. 

The paper was published on Jan 8 2025 after weeks of rigorous review. 

Problem Statement 

Bitcoin, the flagship cryptocurrency, remains the mainstay for most crypto traders looking to turn a profit. Bitcoin, unfortunately, like all crypto assets is volatile and unpredictable making trading on its price action a roller coaster. 

Analysts in the past and present have tried to zero in on a predictable behavior that can make trading in Bitcoin a lot more sustainable and consistently profitable. 

The Academic paper by Ignatenko and Dokiienko is one of such attempts seeking to nail a consistent pattern in Bitcoin Price action making trading a lot more profitable.

Correlation between MACD Histogram and Bitcoin Price 

The study by the duo revealed that in 62.84% of cases, a trader can expect an increase in the maximum price of bitcoin this week if the MACD histogram showed an increase in the previous week, or a decrease in the maximum price of bitcoin this week if the MACD histogram showed a decrease in the previous week. 

In a deeper context, A trader can expect a continuation of the overall medium-term trend in the bitcoin market if the MACD histogram series is below average and the end of the trend if the MACD histogram series is above average. 

For the rising series of the MACD histogram, the probability of the trend ending is 60.53% (approximately 5 weeks), and for the falling series — 64.86% (approximately 4 weeks). 

A trader can expect that the maximum price of bitcoin will continue its direction of movement in the second week in 52.17% of cases and will end this movement after the 4th week with a probability of 90.68%.

The sequence between the two indicators serves as a building block for accurately predicting Bitcoin Price on a short and medium-term basis. 

Math Bitcoin Price Prediction 

Besides the Academic paper, Andrey Ignatenko has published a book on Bitcoin price prediction using mathematical models. The book attempts to predict the Bitcoin price through the years 2030, 2040, 2050, and beyond.A second edition of this book is being prepared that will look at data for the full year 2024.

The price of the book will be reduced. You can read news about this in the author’s Facebook group, where he makes his free weekly bitcoin price predictions, as well as LTC, ETH, ADA, XRP, and BNB forecasts.

His predictions are based on methods described in his research, along with those of other scientists, and the author emphasizes probabilities rather than accuracy. In future academic papers, the author is going to refine his methodology and make the predictions even more reliable, although a probability of 70-80% is already quite impressive.



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Uniswap Labs to integrate API with Ledger Live for DeFi swaps

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Uniswap is set to integrate with Ledger Live, enabling token swaps directly via self-custody wallets and introducing clear signing for secure DeFi transactions.



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Elon Musk slams SEC as ‘broken’ over ‘artificially’ created $150 million Twitter stock windfall

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Elon Musk slams SEC as ‘broken’ over ‘artificially’ created $150 million Twitter stock windfall



Elon Musk, the billionaire entrepreneur and CEO of Tesla, has criticized the US Securities and Exchange Commission (SEC) over its lawsuit regarding his delayed disclosure of a significant stake in Twitter, now rebranded as X.

The lawsuit marks a culmination of the SEC’s scrutiny of Musk’s investment activities with the social media platform in 2022.

SEC claims

On Jan. 14, the SEC claimed that Musk failed to meet the legal requirement to disclose his acquisition of more than 5% of Twitter’s shares within the mandated 10-day period.

The financial regulator pointed out that Musk surpassed the 5% threshold by March 14, 2022, but he delayed filing his disclosure until April 4—11 days past the deadline.

According to the filing:

“Because Musk failed to timely disclose his beneficial ownership, he was able to make these purchases from the unsuspecting public at artificially low prices, which did not yet reflect the undisclosed material information of Musk’s beneficial ownership of more than five percent of Twitter common stock and investment purpose.”

The SEC claimed that the disclosure delay saved Musk over $150 million, deprived other investors of potential financial gains, and caused economic harm to those who sold their shares during that window.

Notably, the Gary Gensler-led Commission pointed out that Twitter’s stock value jumped 27% after Musk finally revealed his stake, raising his holdings’ worth to $2.89 billion.

The SEC asserts that these actions breached the Securities Exchange Act of 1934, which mandates timely disclosures to prevent unfair advantages and protect market integrity.

The Commission has requested the court to impose a civil penalty and compel Musk to return the profits allegedly gained through the delayed disclosure.

Musk slams SEC

On Jan. 15, Musk publicly dismissed the lawsuit in a post on X, calling the SEC an ineffective organization that prioritizes trivial matters over addressing serious financial crimes.

According to him:

“[The SEC is a] totally broken organization. They spend their time on sh*t like this when there are so many actual crimes that go unpunished.”

Some industry experts have also questioned the SEC’s priorities in this case.

John Reed Stark, a former official in the SEC’s Internet Enforcement division, described the investigation as a potential waste of resources. He suggested that Musk’s lawyers could argue that his initial intentions were to secure a board seat rather than pursue a complete acquisition of Twitter.

Stark added:

“This case seems almost as absurd as the SEC 2008 case against Mark Cuban, and a transparent attempt by Chair Gensler to garner some last minute headlines days before his exit and to also stick it to President Trump.”

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Binance Delisting 12 Trading Pairs on January 17, 2025 : Key Impact on Prices and Traders

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Binance Delisting 12 Trading Pairs on January 17, 2025 : Key Impact on Prices and Traders


Binance, one of the largest cryptocurrency exchanges in the world, has announced the removal of several spot trading pairs as part of its regular market review process. The delisting is set to take effect on January 17, 2025, at 03:00 (UTC). This decision reflects Binance’s commitment to maintaining a high-quality trading platform and ensuring a smooth experience for its users.

Binance to Remove These Trading Pairs

According to Binance, the affected spot trading pairs include BNX/BTC, CATI/BNB, CATI/BRL, CHZ/FDUSD, DOGS/BNB, GTC/BTC, HIGH/BTC, LISTA/BRL, NOT/BRL, PIXEL/BTC, TKO/BTC, and TWT/BTC. 

These pairs were identified during a routine review that focused on factors such as trading volume and liquidity. Pairs with consistently low activity levels often make trading difficult, prompting the decision to delist them.

Why Binance is Delisting These Pairs

This move by Binance reflects its goal of creating a strong and efficient trading environment. By removing pairs with limited activity, the exchange can improve market liquidity and streamline the overall trading experience for its global user base. Regular reviews help ensure that only the most active and useful trading pairs remain listed.

For traders using any of the affected pairs, this early notice allows ample time to adjust trading strategies and ensure a smooth transition before January 17.

Binance has clarified that users can still trade these tokens through other active pairs on the platform. For instance, even if a pair like BNX/BTC is delisted, users can continue trading BNX and BTC using other available options.

Impact on Spot Trading Bots

The exchange has also announced that Spot Trading Bots services will no longer support these trading pairs after the delisting. Binance has strongly advised users to update or cancel their Spot Trading Bots before the deadline to avoid potential losses.



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Dogecoin eyes the $0.40 resistance level as market rebounds

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Dogecoin eyes the $0.40 resistance level as market rebounds


Dogecoin rallies

Key takeaways

  • DOGE is up 5% in the last 24 hours and could surge to the $0.40 resistance level soon.
  • iDEGEN’s presale approaches $16.5m.

DOGE hits $0.36

DOGE, the native coin of the Dogecoin ecosystem, is one of the best performers among the top 10 cryptocurrencies in the last 24 hours. The coin is up 5% as the broader market rebounds.

At press time, the price of Dogecoin stands at $0.3614 and could rally higher in the near term. Following the liquidity clearance of around $0.308 earlier this week, DOGE had renounced excellently and could target external liquidity above $0.40 soon. If the market conditions persist, DOGE could test the resistance level at $0.40070 in the coming days. 

What is iDEGEN?

The crypto market has recovered excellently following Monday’s dip. With Bitcoin and other major altcoins rallying, the total crypto market has recently increased.

Funding into new projects hasn’t halted as iDEGEN and other promising projects continue to attract investors. 

iDEGEN is an exciting project that merges the AI and memecoin ecosystems, ensuring investors take advantage of both. In their whitepaper, the team explained that iDEGEN is a meme project that leverages the benefits of AI to create the next billion-dollar memecoin. 

As an AI tool, iDEGEN learns, evolves, and adapts by leveraging community feeds on X. While iDEGEN is powered by AI, degens ultimately raise the tool. 

$IDGN will be a memecoin with exciting utility to the community. The team will launch its native token as a memecoin thanks to the massive adoption of this narrative in recent years. In 2024, the memecoin space grew from a $20 billion market cap to $120 billion, representing a 500% growth within 12 months. It is the second-best performing narrative in the crypto space, only behind AI. 

With iDEGEN combining the two strongest narratives (AI and meme) in the crypto ecosystem, it could become one of the best performers in 2025 once it launches on exchanges in February. 

The iDEGEN tool has a simple working mechanism. Users feed the tool their data through tweets, tags, and comments. It absorbs the post and adds it to its knowledge base; that’s how it learns. Furthermore, the tool posts on X every 60 minutes and can generate and post memes. 

Learn more about the iDEGEN project here.

iDEGEN’s presale to end in February, team raises over $16 million

The iDEGEN presale is approaching $16.5 million fast, with over 1.4 billion $IDGNE tokens sold. Currently, $IDGN is going for $0.01, with the price set to increase to $0.011 in the next stage. In the last presale stage, $IDGN will go for $0.038, giving early investors a massive ROI before the token launches on exchanges. 

According to the iDEGEN team, the presale will last 41 more days before the token launches on centralised and decentralised exchanges. $IDGN currently has over 19,000 holders with an accumulated 8,991% return on investments. 

Why invest in the iDEGEN presale today?

Investors are excited about the incoming Trump administration, which could result in another Bull cycle. Last year, memecoins and AI tokens outperformed other narratives, and this could repeat itself this year.

iDEGEN is one of the projects combining these narratives. The project is still in its presale, which means investors can purchase the tokens at possible discount prices before $IDGN lists on exchanges. 

$IDGN will list on February 27, once the presale is over, and could deliver excellent gains to early investors thanks to its AI and memecoin combination.

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US, Japan, South Korea Unite to Target North Korea’s Crypto Crime Empire – Security Bitcoin News

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US, Japan, South Korea Unite to Target North Korea’s Crypto Crime Empire – Security Bitcoin News



US, Japan, South Korea Unite to Target North Korea's Crypto Crime EmpireThe U.S., Japan, and South Korea have united to thwart North Korea’s crypto theft schemes, targeting billions in stolen funds fueling weapons programs and cybercrime operations. 3 Nations Join Forces to Shut Down North Korea’s Crypto Funding Machine The U.S., Japan, and South Korea have issued a joint warning against cryptocurrency thefts linked to the […]



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This Factor Casts Doubt on BTC’s Bullish Price Recovery as U.S. Inflation Report Looms

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This Factor Casts Doubt on BTC’s Bullish Price Recovery as U.S. Inflation Report Looms


Bitcoin’s (BTC) rapid recovery from below $90,000 since Monday hints at bullish prospects. However, one factor casts doubt on the sustainability of these gains, indicating scope for significant downside volatility if the impending U.S. inflation data comes in hotter-than-expected on Wednesday.

That factor is the supply of major stablecoins, which has stalled, indicating the absence of fresh capital inflows into the market. Data tracked by Glassnode shows that the supply of the top four stablecoins by market value – USDT, USDC, BUSD and DAI – has stabilized around $189 billion, representing a 30-day net change of just 0.37%.

Stablecoins are cryptocurrencies with values pegged to an external reference like the U.S. dollar. These tokens are widely used to fund cryptocurrency purchases and acted as a safe haven during the 2022 bear market.

The latest slowdown in new liquidity via stablecoins, which suggests a weakened buying environment while heading into the U.S. consumer price index (CPI) release, starkly contrasts the expansion of stablecoin liquidity observed during the November-December rally and early last year.

“The fact that the late-2024 rally required almost 2x the capital inflow for a smaller price gain underscores the speculative demand and liquidity-driven momentum that has since cooled,” Glassnode said in a Telegram note.

The data due at 13:30 UTC Wednesday is expected to show the cost of living rose 0.3% month-on-month in December, matching November’s pace. The year-on-year figure is seen printing at 2.9%, up from November’s 2.75. The core figure, which strips out the volatile food and energy component, is forecast to have risen 0.2% month-on-month and 3.3% year-on-year.

An above-forecast headline/core figure will likely bolster recent concerns about the central bank being less aggressive in cutting interest rates than expected. These concerns, bolstered by Friday’s blowout jobs report, were partly responsible for BTC falling below $90,000 on Monday.

The 30-day net change in supply of the top four stablecoins USDT, USDC, BUSD, DAI. (Glassnode)

The 30-day net change in supply of the top four stablecoins USDT, USDC, BUSD, DAI. (Glassnode)

The latest drying up of stablecoin liquidity, often touted as dry powder waiting to be deployed for crypto purchases, starkly contrasts the $27.3 billion in inflows registered in November and December that partly greased the BTC bull run from $70,000 to over $108,000.

Meanwhile, a much lesser stablecoin inflow of $14.68 billion was seen during the first quarter of 2024, when prices rose nearly 70% to over $70,000.





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