HTX DeepThink: Bullish Sentiment Builds as BTC Holds Steady–Which Altcoins Will Lead the Rotation?

SINGAPORE, May 20, 2025 /PRNewswire/ — As mid-May unfolds, crypto market sentiment continues to rise. While major assets trend steadily upward, capital is beginning to rotate into fundamentally solid altcoins. In this edition of HTX DeepThink, Chloe (@ChloeTalk1) from HTX Research shares her macro outlook and strategic insights, with a spotlight on rotation opportunities across the SUI ecosystem and the emerging AttentionFi sector.

Macro Outlook: Rising Bullish Sentiment Amidst Steady Short-Term Uptrend

This week’s U.S. economic calendar is light on major data releases. Market attention is primarily directed towards Federal Reserve officials’ interpretations of recent commentary suggesting a possible single interest rate cut in 2025.

Analysis of options market data shows a prevailing bullish sentiment: the Call/Put open interest ratio has reached 1.55, accompanied by increasing premiums for call options. At the same time, short-term implied volatility (IV) has dropped to a new 18-month low of 35–40%.

In short: the market is experiencing “euphoric sentiment amid calm volatility.” Under such conditions, Bitcoin could retest new highs within the next 30–45 days, targeting the $105K–$115K range. However, this mix of high sentiment and low volatility often conceals the build-up of excessive leverage. A sudden surge in IV or a meaningful drop below $100K could trigger a sharp deleveraging event.

Strategic Positioning: Capital Rotation into High-Quality Altcoins for Momentum Capture

From a capital allocation perspective, rotating a portion of capital into fundamentally strong and liquid altcoins may present an opportunity to capitalize on potential spillover momentum from Bitcoin’s upward trajectory. This edition of HTX DeepThink highlights promising sectors and projects worthy of investor attention.

SUI Ecosystem: All-Time High Market Cap, Undervalued Core Project

The SUI chain has reached an all-time high in market cap, but its ecosystem projects have yet to follow with substantial gains. This opens a window for early positioning in undervalued ecosystem leaders. HTX has listed two standout projects within the SUI ecosystem: Haedal and Bluefin.

  • Haedal is the dominant LST (liquid staking) protocol on SUI, commanding 76% of market share and benefiting from strong network effects.
  • Bluefin, SUI’s flagship perpetual DEX, currently holds a market cap of only $31.6M yet has achieved an annualized revenue of $8.2M, implying a price-to-sales (P/S) ratio of just 3.8x—far lower than GMX (9.1x) and Drift (12.4x). The upcoming V2 upgrade will introduce veTokenomics and new trading incentives, potentially boosting both user activity and protocol revenues.

Given the rising attention on SUI’s mainnet, Haedal and Bluefin appear to exhibit dual potential for valuation recovery and Beta-driven upside, which may warrant mid-term attention from market participants.

AttentionFi: Capitalizing on Bull Market User Acquisition Premium

New Web3 projects are launching rapidly, and the cost of user acquisition is soaring. In traditional channels like Telegram, Google, or Red Note, user acquisition cost (UAC) is calculated via “traffic × conversion rate.” With CPCs at $0.5–1.0 and conversion rates around 10%, it can cost $5–10 to acquire a real, retained user.

Kaito offers a far more efficient “attention engine.” Its API charges based on a combination of reputation score and meaningful engagement. As a result, project teams can acquire real users with 3–4x higher retention at just $2–3 per user—much lower than traditional channels. With this model, Kaito has grown rapidly, expanding from 30 to 120 integrated projects in the past three months, and quadrupling API call volume.

Meanwhile, $KAITO staking has surged to 19.7M tokens, and the protocol has cumulatively bought back and burned 3.7M tokens, creating a strong demand-supply mismatch and deflationary pressure that supports higher price ceilings.

On Base chain’s IDO platform Virtuals, users who stake ?5,000 $KAITO can earn Virgen Points to redeem IDO allocations. Several recent IDOs have seen 10–30x returns on day one, forming a lucrative loop: stake ? points ? arbitrage.

With the recent listing of $KAITO on HTX, its liquidity is expanding—and in a bull market where competition for user attention intensifies, Kaito’s combination of low-cost, high-precision targeting and deflationary tokenomics makes it a promising asset to watch.

*The above content  is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product.

About HTX DeepThink:

HTX DeepThink is a flagship market insights column created by HTX, dedicated to exploring global macro trends, key economic indicators, and major developments across the crypto industry. In a world where volatility is the norm, HTX DeepThink aims to help readers “Find Order in Chaos.”

About HTX Research

HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends.

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JuChain Global Ecosystem Summit Concludes Successfully in Bangkok: Service-Driven Web3 Vision Unveiled as Butterfly Protocol Launches

JuChain announces major ecosystem partners alongside the debut of Butterfly, its first flagship protocol.

BANGKOK, Thailand, May 19, 2025 /PRNewswire/ — The JuChain Global Ecosystem Summit and Butterfly Protocol Launch concluded successfully in Bangkok yesterday, bringing together Web3 leaders, developers, and innovators from around the world. The summit showcased JuCoin‘s service-driven exchange ecosystem, introduced key ecosystem partnerships, and officially launched Butterfly, JuChain’s first core protocol.

JuChain Global Ecosystem Summit Concludes Successfully in Bangkok: Service-Driven Web3 Vision Unveiled as Butterfly Protocol Launches

High-Level Support and International Participation

The event drew significant attention from Thai government officials, with several members of the Thai royal family in attendance, including Prince Ura-Tiwakorn and Prince Wangchai-Nawaroj. Government representatives expressed strong support for Web3 innovation and international collaboration, setting a collaborative tone for the proceedings.

The summit attracted over 3,000 in-person attendees and reached more than 100,000 viewers through global livestreams, demonstrating the significant industry interest in JuChain’s ecosystem developments.

JuChain’s Ambitious Growth Strategy

JuChain Growth Lead Jacky kicked off the main presentations with an overview of the “JuChain Ecosystem 10 Billion Co-Building Plan.” He outlined JuChain’s mission as a service-oriented blockchain incubated by JuCoin, designed to bridge centralized and decentralized systems while supporting billion-dollar value projects and fostering new assets and protocols on-chain.

Key technical advantages highlighted included JuChain’s scalability, cost efficiency with transaction fees under 0.001 JU, full EVM compatibility reducing developer migration costs by 70%, and active developer community building through initiatives like the Jutopia hackathon.

Major Ecosystem Partnership Announcements

Ave.ai Integration

Ave.ai’s Chinese Market Lead Jack announced their integration as one of the first mainstream trading platforms to connect with JuChain. As a leading on-chain aggregated trading platform integrating over 130 chains and 300+ decentralized exchanges, Ave.ai brings institutional-grade trading infrastructure to JuChain users.

Notably, Ave.ai serves as the exclusive data provider for Binance Wallet and Binance Alpha, bringing their proven data analysis and trade execution capabilities to deliver CEX-level on-chain trading experiences within the JuChain ecosystem.

WOW EARN as Official Ecosystem Wallet

WOW EARN General Manager Joseph announced their platform’s appointment as the official wallet for the JuChain ecosystem. With over 3 million users, WOW EARN integrates DeFi, SocialFi, GameFi, and secure communication tools, offering a comprehensive Web3 gateway.

The platform’s innovative Proof of Engagement (PoE) mining mechanism and unique membership program provide new models for ecosystem interaction and user growth, simplifying access to the JuChain ecosystem for mainstream users.

JAMM Trading: Native AMM DEX

JAMM Swap’s Jim Li presented their vision for Asset Issuance 2.0, introducing JAMM Trading as JuChain’s native AMM DEX designed specifically for diverse asset issuance needs. The platform features scalable on-chain referral systems, highly modular trading mechanisms, and value-returning tokenomics designed to support the ecosystem’s growing variety of new assets.

JuCoin’s Service-Driven Vision

JuCoin Ecosystem Brand Lead Mumu delivered a comprehensive presentation on “JuCoin 2025 Global Brand Ecosystem Strategy & Futures Trading Global Partnership Program,” articulating JuCoin’s unique positioning as the world’s first service-driven Web3 exchange.

Rather than functioning merely as a trading pipeline, JuCoin aims to create an inclusive ecosystem ocean that connects B2B and B2C services. The platform offers comprehensive support for projects including incubation, technical consulting, policy solutions, and liquidity injection, positioning itself as a “free city-state” for ecosystem builders.

Key strategic initiatives unveiled include:

  • Three-Tier Ecosystem Empowerment System: Global Partnership Program, Regional Agent Program, and Token Zone Curator Program
  • Conqueror Roadmap: Strategy for accelerating global influence
  • $100 Million Ecosystem Fund (JULabs): Supporting ecosystem development and innovation

The presentation outlined JuCoin’s evolution from trading terminal to value hub to ecosystem cosmos, demonstrating their commitment to sharing ecosystem benefits with the community through decentralized governance.

Butterfly Protocol: A New Paradigm for Digital Assets

The summit’s climax came with the official global launch of the Butterfly Protocol. In a ceremonial moment, key speakers placed their hands on the launch device as a countdown began, culminating in the beautiful butterfly animation blooming across screens, marking the official debut of JuChain’s flagship protocol.

Butterfly Strategy Committee Chief Advisor Mark provided an in-depth analysis of the protocol’s innovative design. Butterfly addresses the dual needs of asset security and growth in the current crypto market through its unique “dual-wing” architecture:

Left Wing – Stability Anchor: Utilizes a portion of user principal as insurance reserves, combined with the innovative “Cocoon Protection Layer” mechanism to provide robust asset protection.

Right Wing – Power Fuel: Channels remaining funds into a “Liquidity Rocket Engine” that pursues value appreciation through efficient strategies, targeting sustainable daily compound growth of 1-3%.

“Butterfly Protocol represents more than just a technical breakthrough,” Mark explained. “It embodies our commitment to users – ensuring their assets remain both secure and positioned for growth in the Web3 ecosystem.”

Looking Forward

The successful summit demonstrates JuChain’s comprehensive approach to building a service-driven Web3 ecosystem. Through strategic partnerships, innovative protocols like Butterfly, and a commitment to community-driven growth, JuChain is positioning itself as a leader in the next generation of blockchain infrastructure.

As Ecosystem Brand Lead Mumu noted in closing: “A single tree cannot make a forest. The power of our ecosystem partners has been instrumental in JuCoin’s growth. We warmly welcome more partners to join us in building this ecosystem and creating a prosperous future together.”

With the Butterfly Protocol now live and expanding ecosystem partnerships, JuChain continues to advance its mission of making Web3 technology more accessible, secure, and valuable for users and developers worldwide.

About JuCoin: Founded in 2013, JuCoin has evolved into a comprehensive service-driven crypto ecosystem spanning over 30 countries with more than 12 million users. The platform integrates exchange services with JuChain blockchain infrastructure, JuChat social platform, and innovative protocols like Butterfly.

About JuChain: JuChain is a high-performance Layer 1 blockchain designed as a service-oriented platform that bridges centralized and decentralized systems. With low transaction costs and full EVM compatibility, JuChain provides optimal infrastructure for next-generation Web3 applications.

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GCS Fibers reports, Ash Environmental DAO | Ash Token Funds First Round of High-Impact Environmental Innovators with Over $2 Million in Grants

POTOMAC FALLS, Va., May 16, 2025 /PRNewswire/ — The Ash Environmental DAO, through its Ash Token (https://ashtoken.io/cryptocurrency ecosystem, is proud to announce the successful funding of its initial group of grant recipients—marking a major milestone in the DAO’s mission to support high-impact environmental innovation, job creation, and economic transformation through decentralized blockchain finance.


GCS Fibers

In this inaugural round of funding, the DAO has awarded:

  • $2 million to GCS Fibers LLC (www.gcsfibers.com/), a U.S.-based start-up manufacturing company that transforms toxic coal ash into high-performance, non-toxic mineral fiber under the PHEENX® brand.
  • $20,000 to Eco-Green Solutions LLC (www.ecogreensolutions.io), a start-up company focused on greenhouse emissions capture solutions.
  • $20,000 to MetaFiber LLC (www.metafiber.io), a start-up innovator in next-generation green material research and development.

“This marks the first demonstration of how the Ash Token ecosystem can be used as a powerful tool to fund real-world, environmentally beneficial innovation,” said Dan Perez (Communications Director for the Ash Env. DAO | Ash Token). “Through these grants, we are laying the foundation for a future where pollution is transformed into opportunity—delivering project financing, economic development, poverty reduction, and long-term sustainability.”

GCS Fibers: Restarting Operations with DAO-Backed Support

From the recipient side, the $2 million investment enables GCS Fibers LLC to resume operations at its flagship facility and begin commercial-scale production of its revolutionary mineral fiber product made from recycled coal ash. This process diverts toxic waste from the environment while creating high-performance, eco-safe materials for global industrial use.

“We are incredibly grateful for this support from the Ash Environmental DAO and the Ash Token community,” said David Quinn Director of Public Engagement for GCS Fibers. “This funding is not just capital—it’s a vote of confidence in the future we’re building. Thanks to this grant, we’re bringing our facility back online, creating jobs, and proving that sustainability and profitability can go hand-in-hand.”

A New Model for Climate Finance

This funding round exemplifies the DAO’s vision of a circular, inclusive economy where innovative solutions to environmental crises are empowered by decentralized capital. Each grant advances the DAO’s core objectives: reducing global pollution, enabling sustainable industry, creating dignified jobs, and delivering superior products and services through its network of sponsored companies.

With the success of this initial funding round, the Ash Environmental DAO invites new applicants, partners, and Ash Token holders to join in scaling this ecosystem and accelerating the global transition to an equitable, sustainable future.

About GCS Fibers:
GCS Fibers is an eco-friendly manufacturing company that repurposes coal ash into high-quality mineral fiber or pulp products.  GCS can convert millions of tons of toxic coal ash (fly ash, bottom ash, boiler slag, wet or dry) each year into 6 base mineral fibers yielding end-products such as paper, brake pads, textiles, building insulation, rubber and plastics, and carbon fiber precursors.  All the while creating jobs, cleaning up the harmful effects of coal ash, and helping the environment.  Learn more by visiting https://www.gcsfibers.com/

About ASH Token:

The ASH Token is a cryptocurrency ecosystem that provides grant funding for high impact and sustainable business innovations that seek to eliminate pollution from the global environment while driving the increased adoption of more efficient energy solutions. ASH is a governance token that empowers holders to collectively vote and decide how the funds raised through the token’s transactions fees are used to fund environmentally focused start-ups. Learn more by visiting https://ashtoken.io/

Media Contact:
VARCom Solutions
Email: pr@varcom.com
571-276-3109


Ash Token

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Pharos Network Unveils High-Performance Layer 1 Testnet to Unlock RWA Adoption

HONG KONG, May 16, 2025 /PRNewswire/ — Pharos Network, a high-performance blockchain built for real-world assets (RWAs), announced the launch of its Testnet. Designed for institutional-grade RWAs and enterprise-scale DeFi, Pharos offers a next-generation, modular infrastructure that addresses the key bottlenecks preventing institutions from entering Web3. The platform powers scalable deployment of decentralized applications, enables efficient payment solutions, and unlocks new use cases for tokenized assets.

The Pharos Testnet achieves up to 30,000 transactions per second with one-second finality, setting a new benchmark for Layer 1 blockchain performance. Its GPU-like architecture could support billions of users and reduce storage usage by 80%. The network also features built-in support for decentralized AI and privacy preserving SPN. With ZK-based KYC/AML capabilities, Pharos ensures enterprise-ready security and compliance. It remains fully EVM-compatible, offering faster and cheaper transactions, while enabling flexible, on-chain innovation.

Pharos’s product stack directly addresses the core bottlenecks in RWA adoption—scalability, compliance, and flexibility—unlocking new use cases across sectors such as renewable energy industry finance, payment, supply chain finance, and tokenized real estate. Its modular, high-throughput infrastructure enables secure deployment of RWA at scale, while meeting the regulatory and performance demands of the financial industry.

Founded by former AntChain and Alibaba blockchain leaders, the Pharos team brings deep enterprise experience, uniquely positioning it to deliver enterprise-grade solutions for institutions exploring green finance, payments, and new forms of programmable ownership and asset tokenization.

“The Pharos Testnet represents a significant milestone in our mission to unlock the true potential of RWAs. By providing a high-performance, scalable, and adaptable platform, Pharos meet the needs of bringing real world assets on a chain and bringing utilities to these assets.” said Alex Zhang, CEO of Pharos Network. “We’re excited to watch innovation flourish on Pharos and accelerate the convergence of traditional finance and decentralized technology.

Developers and users can access and experience the Testnet by visiting testnet.pharosnetwork.xyz.

About Pharos

Pharos Network is a revolutionary Layer 1 blockchain platform that sets new benchmarks in decentralized technology with its extreme performance and scalability. Founded by ex-blockchain leaders from Ant Financial and Alibaba, Pharos aims to build the best chain for RWAs and enterprise-grade DeFi, achieving the highest EVM Layer-1 performance with 50K TPS and being the first to reach 2 gigagas/sec. In addition, Pharos is a co-developer of SmartCogent, an AI toolkit for large language models (LLMs), and the core development team of DTVM technology. For more information, please visit https://pharosnetwork.xyz.

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New CFD Broker Versus Trade Launches with Unique ‘Asset-vs-Asset’ Product Offering

LIMASSOL, Cyprus, May 16, 2025 /PRNewswire/ — Amid rising volatility across global financial markets — from gold reaching historic highs of $3,500 per ounce (up 31% since January, according to IG) to tech stocks swinging in response to geopolitical uncertainty and macroeconomic signals — interest in dynamic and narrative-driven trading instruments is surging. Analysts attribute the gold rally to a mix of central bank accumulation (with China importing over 700 metric tons), inflationary pressures, and a weakening dollar, with some projections suggesting a potential climb toward $4,000 per ounce.


Versus Trade

Versus Trade enters this environment with a unique approach — offering “Versus Pairs,” proprietary CFD instruments that allow retail traders to speculate on how one asset performs against another. Rather than taking isolated long or short positions, users can now express market opinions in a comparative format, whether it’s crypto vs. commodities or old economy vs. innovation.

As of May 2025, Versus Trade steps onto the scene — a platform developed by traders, for traders, with a clear focus on the fast-growing Asian markets — including Malaysia, Thailand, Indonesia, and Vietnam.

Innovative Asset-vs-Asset CFDs for Strategic Traders

The key distinction of Versus Trade lies in its focus on gamified, head-to-head asset comparisons — turning traditional CFD trading into an engaging experience built around rivalry, contrast, and strategic alignment. Instead of simply trading Gold or Bitcoin, traders can now position themselves in the narrative of digital assets versus traditional stores of value, or explore macro themes like West versus East, innovation versus legacy, and growth versus stability.

At the core of the platform are unique trading pairs such as:

  • Bitcoin vs Gold – digital gold versus the traditional safe-haven asset
  • Amazon vs Alibaba – Western versus Eastern dominance in global e-commerce
  • Tesla vs Ford – the electric future versus legacy automotive manufacturing

These matchups are more than just tickers — they are stories. And beyond flagship combinations like Bitcoin vs Gold or Amazon vs Alibaba, Versus Trade offers a broader lineup of asset-vs-asset instruments covering commodities, indices, and thematic sectors — allowing traders to engage with cross-market dynamics and relative performance.

This model resonates with a new generation of retail traders — those who are accustomed to trading on leverage, reacting to news flow, and seeking out high-volatility opportunities. For them, Versus Trade delivers both engagement and strategic optionality in a format that reflects how modern traders think and act.

Built by Traders, Tailored for the Modern Asian Market

Versus Trade was founded by professional trader Vitalii Bulynin, who designed the platform based on real-world trading experience. The platform is not built around promotional gimmicks or corporate marketing goals, but around functional features that support practical execution.

According to Bulynin, the Versus Trade CFD trading platform is designed to move beyond traditional chart-based approaches by enabling modern traders to engage in comparative trading strategies grounded in market conviction and relative asset performance.

This is not just trading — it’s storytelling, choosing sides, strategy, and community.

“Trading is not just about charts. It’s about beliefs, analysis, and the spirit of competition. We want to make it exciting and intelligent at the same time,” says Versus Trade CEO Vitalii Bulynin.

Positioning and Outlook

With its regulated CFD infrastructure, trader-centric design, and a distinctive portfolio of multi-asset, asset-vs-asset instruments, Versus Trade is positioned as a modern alternative to traditional online brokers. Combining product innovation with market localization, the platform aims to reshape retail trading in high-growth regions through transparency, usability, and strategic differentiation.

On the technology side, Versus Trade integrates with MetaTrader 5, offering full support for algorithmic trading, multi-asset execution, and analytical tools for both manual and automated strategies. This positions the platform to serve a wide spectrum of users — from beginner traders to seasoned strategists and signal providers.

By focusing on market relevance, strategic flexibility, and platform reliability, Versus Trade aims to deliver value to both individual traders and institutional partners. In a market crowded with feature-heavy but insight-light offerings, it introduces a trading experience built on clarity, comparison, and conviction.

About Versus Trade

Versus Trade was co-founded by Vitalii Bulynin in partnership with former veteran IB partners from leading companies such as Exness and XM. The company is centered on developing innovative trading mechanisms designed to help traders fully realize their potential. Vitalii assembled a team of industry-seasoned professionals, each with over 15 years of experience, to bring this vision to life.

Users can learn more at www.versus.trade 

Social media profiles:

https://x.com/VersusTrade_
https://www.linkedin.com/company/versus-trade/
https://www.instagram.com/versus.trade_official
https://www.facebook.com/VersusTradeOfficial
https://www.tiktok.com/@versus.trade

Contact

Support Team
Versus Trade
support@versus.trade

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