火星财经消息，5 月 29 日，HTX Research 研究员 Chloe（@ChloeTalk1）在本期专栏中结合当前链上数据指出，Solana、Base 等公链活跃度持续上升，资金正逐步从比特币主导的避险资产转向高 Beta 的山寨币市场。尽管比特币市值占比仍处高位，但若后续跌破 52%，结合流动性进一步上行，将可能正式开启新一轮山寨季。 Chloe 表示，当前值得关注的赛道包括加密借贷和 InfoFi。其中，Maple Finance（$SYRUP）受益于华尔街资本进军加密信用市场，本月 TVL 已从 8 亿美元飙升至 13 亿美元；而 InfoFi 新星 CookieDotFun（$COOKIE）同与其市场相似定位的 Kaito 相比，市值仅为后者的 1/5，具备重估潜力。值得一提的是，SYRUP/USDT 现货交易以及 COOKIE/USDT 合约交易均已上线火币 HTX。

<div>火星财经消息，5 月 29 日，HTX Research 研究员 Chloe（@ChloeTalk1）在本期专栏中结合当前链上数据指出，Solana、Base 等公链活跃度持续上升，资金正逐步从比特币主导的避险资产转向高 Beta 的山寨币市场。尽管比特币市值占比仍处高位，但若后续跌破 52%，结合流动性进一步上行，将可能正式开启新一轮山寨季。 Chloe 表示，当前值得关注的赛道包括加密借贷和 InfoFi。其中，Maple Finance（$SYRUP）受益于华尔街资本进军加密信用市场，本月 TVL 已从 8 亿美元飙升至 13 亿美元；而 InfoFi 新星 CookieDotFun（$COOKIE）同与其市场相似定位的 Kaito 相比，市值仅为后者的 1/5，具备重估潜力。值得一提的是，SYRUP/USDT 现货交易以及 COOKIE/USDT 合约交易均已上线火币 HTX。</div>

HTX DeepThink：链上资金逐步转向高Beta资产，山寨季或将到来

<Headline>Mars Finance News</Headline>

On May 29th, HTX Research analyst Chloe (@ChloeTalk1) pointed out in her column that public chains such as Solana and Base continue to show increasing activity, with funds gradually shifting from Bitcoin-dominated safe-haven assets to the high-Beta Altcoin market. Although Bitcoin's market capitalization proportion remains high, if it falls below 52% and liquidity continues to rise, it may officially launch a new Altcoin season. 

Chloe noted that currently noteworthy tracks include crypto lending and InfoFi. Among them, Maple Finance ($SYRUP) has benefited from Wall Street capital entering the crypto credit market, with its TVL surging from $800 million to $1.3 billion this month. Meanwhile, InfoFi newcomer CookieDotFun ($COOKIE), compared to Kaito with a similar market positioning, has a market value of only one-fifth of the latter, showing potential for revaluation. It's worth mentioning that SYRUP/USDT spot trading and COOKIE/USDT contract trading have both been launched on HT.

<div>Mars Finance News, on May 29, HTX Research analyst Chloe (@ChloeTalk1) pointed out in her column that public chains such as Solana and Base continue to show increasing activity, with funds gradually shifting from Bitcoin-dominated safe-haven assets to the high-Beta Altcoin market. Although Bitcoin's market capitalization proportion remains high, if it falls below 52% and liquidity continues to rise, it may officially launch a new Altcoin season. Chloe stated that currently noteworthy tracks include crypto lending and InfoFi. Among them, Maple Finance ($SYRUP) has benefited from Wall Street capital entering the crypto credit market, with its TVL rising from $800 million to $1.3 billion this month; while the InfoFi newcomer CookieDotFun ($COOKIE), compared to Kaito with a similar market positioning, has a market value of only 1/5 of the latter, possessing revaluation potential. It is worth mentioning that SYRUP/USDT spot trading and COOKIE/USDT contract trading have both been launched on HTX.</div>

HTX DeepThink: On-chain funds gradually shift to high-Beta assets, and the alt season may be coming

The recent market has been truly stagnant, with frequent fluctuations and erratic price swings, effectively eroding liquidity and leaving no clear direction.

Let's summarize what the top analysts are saying: During this period, resting is better than frequent trading. Maintaining your understanding is key; inaction is the best strategy.

Current Market Situation: High-Level Consolidation and "Washout"

- Current Market Situation: BTC is currently consolidating in the 85k-90k range, characterized by frequent "V-shaped" price swings (rapid up-and-down V-shaped reversals). Essentially, this is the main players clearing out high-leverage contracts and reaping profits from short-term traders.

- Supply and Demand Structure: Sellers are showing strength...

Market Overview | BTC

Are prediction markets simply well-packaged gambling, or a revolutionary innovation?

The debate seems to have strayed from the core issue.

This article, originally written by @0xJeff and translated and personally interpreted by @anymose, retains only the general meaning; for the original flavor, please refer to the original text.

01 When Risk is Packaged as Entertainment
The US is sliding into the abyss of "hyper-gambling": The market is flooded with sports betting apps optimized for teenagers, one-click prediction markets, and even absurd apps that use coin tosses to decide whether to double rent… Risk is blatantly packaged as entertainment, a sad reality.

Gambling has existed since ancient times:...

What are gamblers thinking?

The crypto market is heading into the final weekend of 2025, and before the new year begins, there are still opportunities for altcoins to grow further.

Leading the way is Pippin (PIPPIN), the following three altcoins are very promising...