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.

Market Dynamics and Influences

The cryptocurrency market witnessed substantial growth in early 2024. The approval of Bitcoin and ETH ETFs by the US Securities and Exchange Commission has brought cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term 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 2024

Dive 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 Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term 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, Application Infrastructure Projects, New SocialFi and Community Applications, and DePIN. The firm aims to identify and support innovative technologies and new business models, expanding the scope of Web3 and building a more user-friendly ecosystem.