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BTC $70,501.24 +1.70%
ETH $2,077.46 -0.11%
BNB $634.77 -1.14%
XRP $1.43 +1.08%
SOL $86.29 -1.09%
TRX $0.2783 +0.66%
DOGE $0.0953 -1.50%
ADA $0.2705 +0.22%
BCH $523.38 +1.08%
LINK $8.77 -0.97%
HYPE $32.54 +4.81%
AAVE $113.05 +0.56%
SUI $0.9718 -1.47%
XLM $0.1607 +0.43%
ZEC $236.75 -1.89%

sun

HTX Ventures is set to debut at the 2026 Hong Kong Consensus Conference, with Sun Yuchen confirming his attendance and delivering a keynote speech

According to official social media news, HTX Ventures will be featured at the 2026 Hong Kong Consensus Conference from February 10 to 12. During this period, TRON founder and Huobi HTX Global Advisor Justin Sun will attend and deliver a keynote speech titled "Building Resilient Blockchain Infrastructure for a Rapidly Changing World." An interactive session will also be set up at the conference, where participants can find the Huobi HTX mascot "Huo Bao" in designated areas to unlock mysterious New Year rewards.In addition to the Consensus Conference, HTX Ventures and HTX DAO will also attend the Alpha Night event on February 9 as official partners of MyToken. HTX DAO ambassador Molly will be present and give a keynote speech, sharing the latest developments of HTX DAO in decentralized governance and ecosystem co-construction. On February 10, HTX DAO will also appear at the "Build and Scale in 2026" themed forum co-hosted by ChainCatcher, RootData, and Alibaba Cloud, focusing on discussions and exchanges regarding the scaling development and infrastructure construction of Web3 projects.After successfully landing in Asia and establishing itself in Hong Kong for the first time in 2025, the Consensus Conference returns to Hong Kong in 2026 and has now developed into one of the most influential annual events in the blockchain industry in Asia and even globally.

Benson Sun: Bitcoin's decline reached a rare -5.65σ, occurring only 4 times in history

Cryptocurrency KOL and former FTX community partner Benson Sun posted that Bitcoin experienced an extreme drop this morning. Calculating with a 200-day lookback period, BTC's decline reached -5.65 standard deviations (σ). The Six Sigma standard in manufacturing allows for only 3.4 defects per million occurrences, which defines "almost impossible" in human industrial civilization. Yesterday's BTC volatility was just 0.35 standard deviations away from this "industrial-grade impossibility."A -5.65σ occurrence has a theoretical probability of about one in ten million under normal distribution. Despite the fat tail effect in financial markets, this level of volatility has only occurred 4 times since BTC began trading in July 2010, accounting for about 0.07% of all trading days. Even during the deep bear phases of 2018 and 2022, such a rapid decline had not occurred within a rolling 200-day period. This poses a severe challenge to quantitative strategies.Currently, most quantitative models are built on data after 2015, and historical samples exceeding 5.65σ, apart from the anomalous "312" flash crash in 2020, occurred before 2015, leaving almost no reference precedent.CoinKarma's quantitative strategy has shown a paper loss in this round of market conditions, but due to maintaining low leverage (about 1.4 times) over the long term, it remains manageable, with a maximum drawdown of about 30%. While extreme market conditions are an expensive "tuition," contracts and on-chain data will become important nutrients for future risk control models.
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