HTX Ventures, the investment arm of the global crypto
exchange HTX, has outlined its key investment directions for the first half of
2024. According to the company, the first half of 2024 has been a period of
significant innovation and growth in the cryptocurrency market. The company made 23 investments in the first half of 2024, focusing on DeFi, Bitcoin, and AI, among others.
The cryptocurrency market witnessed substantial growth
in early 2024. The approval of Bitcoin and ETH ETFs by the U.S. Securities and
Exchange Commission has brought cryptocurrencies into the ETF era, injecting
significant liquidity and stabilizing prices.
Commenting about the report, Edward, the Managing Partner at HTX Ventures, said,
“We remain optimistic despite the market slowdown and will continue to
support front-end development. A positive innovation flywheel, inspired by
successful business models, is fostering long-term innovations within the
ecosystem.”
📢✨HTX Ventures Releases 2024 Half-Year Portfolio Update!
Our latest report outlines:
-Current Market outlook
-Commentary on the Aug 5th global selloff📉
-Key investments
-6⃣investment directions for the second half of 2024Dive in for all the details⤵️:https://t.co/cBch5pbOdr
— HTX Ventures (@Ventures_HTX) August 7, 2024
However, this also introduced the potential for
increased regulation and artificial volatility. The Federal Reserve’s interest
rate policies continue to influence the market’s liquidity and volatility, directly affecting cryptocurrencies like Bitcoin.
The exchange highlighted the global market selloff on
August 5th, triggered by Japan’s interest rate hike, poor US corporate
earnings, and unfavorable unemployment data, highlighting the market’s
sensitivity to economic indicators.
Despite the pessimism, HTX Ventures has advised
investors to avoid rash decisions, consider high-quality business models, stay moderate with leverage, and continuously update their economic
understanding.
Focused Investment Directions
HTX Ventures reportedly made 23 investments in the
first half of 2024, focusing on infrastructure, DeFi, the Bitcoin ecosystem,
AI, DePIN, and SocialFi. The firm is particularly impressed by the increasing
talent in the Web3 builder community, as experienced Web3 developers
collaborate with Web2 professionals to address real user needs.
HTX Ventures is optimistic about the latter half of
2024, focusing on six main tracks: BTCFi, Multichain Future Infrastructure,
User Experience Enhancement,…
