HTX Ventures Targets Infrastructure, DeFi, and AI in Latest Investment Round
"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, 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 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."
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.
