HTX Research

Blockchain industry top think tank，affiliated to
@HTX_Global
TG：

[HTX Research @HTX_Research]

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[HTX Research @HTX_Research]

June is packed with crypto conferences, industry events, and major global happenings—here's what's on the calendar!
6月重点关注：加密行业活动与全球重要事件 👇

[HTX Research @HTX_Research]

📢HTX Research｜链上美股：下一个流动性增长点？

加密市场正在面临优质基本面资产不足的问题。
HTX Research认为，链上美股、Pre-IPO资产及RWA，或将成为下一阶段市场增长的重要方向。
近期Cerebras IPO案例显示，加密原生市场已开始在传统市场开盘前参与价格发现。
未来的机会，或许不在于发行更多代币，而在于让全球最具价值的资产实现链上交易。

阅读全文👇
https://t.co/uVnx1cRAIO

#HTX #HTXResearch #Crypto #AI #RWA #链上美股 #OnChainFinance

[HTX Research @HTX_Research]

📢 HTX Research Latest Report: On-Chain U.S. Equities: The Next Liquidity Frontier

Crypto is running short on fundamentally driven assets.

HTX Research believes the next growth phase could come from bringing U.S. equities, pre-IPO assets, and RWAs on-chain.

The recent @cerebras IPO highlighted how crypto-native markets can participate in price discovery before traditional markets open.

The future may not be more tokens. It may be better access to the world's most valuable assets.

Read the full report below.
https://t.co/S9y8dn8wpY

#HTX #HTXResearch #Crypto #AI #RWA #USStocks #OnChainFinance

[HTX Research @HTX_Research]

Good Morning Folks!
Hope your week is off to a great start~ 🌞

[HTX Research @HTX_Research]

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[HTX @HTX_Global]

gm bears beware ^^
plotting bullish activities rn

[HTX Research @HTX_Research]

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[HTX Research @HTX_Research]

Pre-IPO 市场正在快速走向链上，而 Cerebras $CBRS 或许已经验证了这一模式。

在 CBRS 正式登陆纳斯达克前，Hyperliquid 的 HIP-3 生态已经提前上线了其 Pre-IPO 永续合约。https://t.co/2Tv9CsQ66X 在上市前一小时给出的 CBRS 定价约为 340 美元，而实际纳斯达克开盘价为 350 美元，误差仅约 2.9%。

相比之下，传统私募二级市场给出的估值明显更低。而 Hyperliquid 在仅 14 天的 Pre-IPO 窗口内，就累计产生了约 2.81 亿美元名义成交量。

现在市场焦点已转向 SpaceX。SPCX-USDC 上线后，隐含估值一度快速推升至约 2.4 万亿美元。

目前链上 Pre-IPO 主要出现三种模式：
• 合成永续合约（Synthetic Perps）
• 混合预言机模型（Hybrid Oracle）
• 资产支持型代币化（Asset-backed Tokenization）
三者分别在流动性、定价效率与法律风险之间做出不同取舍。

若未来 SpaceX 实际 IPO 开盘价接近当前 SPCX 链上定价，那么链上 Pre-IPO 市场很可能会成为未来大型科技 IPO 的默认价格发现层。

如需了解更多信息，请点击此处链接:
https://t.co/akhBTXSH4N

#HTX #Crypto #IPO #SpaceX #Hyperliquid

[HTX Research @HTX_Research]

Pre-IPO markets are rapidly moving onchain - and Cerebras ($CBRS) may have validated the model.

Before CBRS officially listed on Nasdaq, Hyperliquid’s HIP-3 ecosystem already had a live pre-IPO perpetual market trading its valuation. https://t.co/2Tv9CsQ66X priced CBRS at $340 just one hour before market open. Actual Nasdaq open: $350. Only a 2.9% difference.

That was far more accurate than traditional private secondary markets, while Hyperliquid processed $281M in notional CBRS trading volume across the 14-day pre-IPO window.

Now attention is shifting to SpaceX. SPCX-USDC launched with a $150 reference price, with implied valuations quickly moving toward ~$2.4T.

Three models are emerging:
-Synthetic perpetuals,
-Hybrid oracle systems, and
-Asset-backed tokenization.

Each offers different tradeoffs between liquidity, pricing accuracy, and legal risk.

If SpaceX eventually opens close to current SPCX pricing, onchain pre-IPO markets could become the default price discovery layer for future tech IPOs.

To read more about this, click here:
https://t.co/qFmAOWlSGN

#HTX #Crypto #IPO #SpaceX #Hyperliquid