Crypto treasuries have become the talk of this market cycle, with institutions and corporations scooping up digital assets to showcase strength and long-term conviction. But experts warn this could re...

<div><div>
<p>Crypto treasuries have become the talk of this market cycle, with institutions and corporations scooping up digital assets to showcase strength and long-term conviction. But experts warn this could repeat the dotcom bubble of the 2000s, when too much hype and risky bets caused markets to crash nearly 80%.</p>
<adv/><h2>Dotcom Déjà Vu in Crypto</h2>
<p>Ray Youssef, founder of the peer-to-peer platform NoOnes, believes the crypto industry is repeating the mistakes of the dot-com era. Back in the late 1990s, big ideas about the internet attracted money and attention, but many companies lacked real foundations. Most of them eventually collapsed.</p>
<adv/><p>Youssef says today’s hype around cryptocurrency, DeFi, and Web3 feels the same. He predicts that many crypto treasury companies will not survive. When they fail, they may sell their holdings, creating a sharp market reset.</p>
<p>The problem, he explains, is that these companies depend too heavily on market sentiment and price momentum. This makes them risky, blending the instability of crypto with the unpredictability of the stock market.</p>
<h2>Winners and Losers in the Next Shakeout</h2>
<p>But not all will vanish. Youssef believes a handful of disciplined firms could emerge stronger, snapping up discounted Bitcoin and blue-chip digital assets while weaker players collapse. The difference, he says, lies in responsible management.</p>
<p>Companies that avoid piling on risky debt, stagger repayments around Bitcoin’s four-year cycles, and stick to supply-capped assets like Bitcoin and Ethereum have a better chance of surviving downturns. </p>
<p>On the other hand, those betting heavily on volatile altcoins risk being wiped out entirely, as many tokens lose 90% or more during bear markets.</p>
<h2>How Real Businesses Back Crypto Success</h2>
<p>Perhaps the strongest safety net for these firms is something very traditional: steady revenue. Companies with operating businesses that funnel profits into crypto stand on firmer ground than pure treasury plays that rely solely on speculation.</p>
<p>He says that the industry still has a bright future, but only projects with real fundamentals and long-term value will survive. </p>

</div></div>

Crypto Treasuries Companies May Crash Markets Nearly 80%, Like Dotcoms!

加密國債已成為本輪市場熱議話題，機構和企業紛紛搶購數字資產，以彰顯其實力和長期信心。但專家警告稱，這可能會……

<div><div><p>加密國債已成為本輪市場週期的熱門話題，機構和企業紛紛搶購數字資產，以彰顯其實力和長期信心。但專家警告稱，這可能會重演2000年代的互聯網泡沫，當時過度炒作和高風險押注導致市場暴跌近80%。</p><adv/><h2>加密貨幣中的互聯網泡沫似曾相識</h2><p>點對點平臺 NoOnes 的創始人雷·尤素夫 (Ray Youssef) 認為，加密貨幣行業正在重蹈互聯網時代的覆轍。早在 1990 年代末，互聯網的偉大構想吸引了大量資金和關注，但許多公司缺乏真正的基礎。大多數公司最終都倒閉了。</p><adv/><p>尤瑟夫表示，如今圍繞加密貨幣、DeFi 和 Web3 的炒作也給人同樣的感受。他預測，許多加密資金管理公司將無法生存。一旦倒閉，他們可能會拋售持有的資產，從而引發市場急劇的重置。</p><p>他解釋說，問題在於這些公司過於依賴市場情緒和價格動量。這使得它們風險很高，將加密貨幣的不穩定性與股票市場的不可預測性融合在一起。</p><h2>下一輪洗牌中的贏家和輸家</h2><p>但並非所有公司都會消失。尤素夫認為，少數紀律嚴明的公司可能會變得更加強大，搶購折扣比特幣和藍籌數字資產，而實力較弱的公司則會倒閉。他表示，區別在於負責任的管理。</p><p>那些避免積累高風險債務、按照比特幣四年週期錯開還款、並堅持使用比特幣和以太坊等供應上限資產的公司更有可能在經濟低迷時期生存下來。</p><p>另一方面，那些大舉押注波動性較大的山寨幣的人可能會被徹底淘汰，因為許多代幣在熊市期間會損失 90% 或更多。</p><h2>實體企業如何支持加密貨幣的成功</h2><p>對這些公司來說，最強大的安全網或許就是非常傳統的東西：穩定的收入。將運營業務的利潤投入加密貨幣的公司，比那些純粹依賴投機的資金投資公司更有優勢。</p><p>他表示，該行業仍然前景光明，但只有具有真正基本面和長期價值的項目才能生存下來。</p></div></div>

加密國債公司可能會像互聯網公司一樣導致市場崩盤近 80%！

PI Network 的 PI代幣在 2023 年 9 月 22 日下降歷史新低 0.1842鎂後一直保持橫盤趨勢。
自此以後，加密貨幣一直在通道內波動…

市場指標預示 Pi Network 價格將再次下挫

故事亮點
儘管有傳言稱 Aster DEX 將會被 AZR 收購，但CZ澄清說，他和幣安並未正式支持 Aster DEX。
與此同時，趙長鵬的風險投資公司 YZiLabs 只持有少量股份，並未對該項目提供全部支持。
紫苑花 ...

CZ澄清幣安在 Aster DEX 的快速發展中沒有官方角色

隨著九月尾聲逼近，比特幣價格在109,000美元附近震盪，市場情緒悄然轉向對“Uptober”（十月看漲行情）的期待。
這一季節性現象並非空穴來風，歷史數據揭示，十月往往是比特幣全年表現最強勁的月份之一。然而，今年的市場環境複雜交織——九月雖未上演傳統“魔咒”，但月內波動加劇、ETF資金大規模流出以及宏觀政策的不確定性，為第四季度的走勢蒙上了一層迷霧。本文將從歷史規律、當前市場動態、多空因素博弈及...