TechFlow news, on October 29, Alec Goh, Head of Huobi HTX Ventures, was invited to attend the Blockchain Life 2025 Dubai conference and participated in a roundtable forum themed "Crypto Market 2025: New Growth or Continued Stagnation?"
In his speech, Alec stated that the October 11 black swan event exposed structural vulnerabilities in the crypto market, including weak liquidity, excessive retail leverage, and overreliance on a few major market makers. The automatic deleveraging mechanisms of exchanges triggered chain reactions during the event, further deteriorating market depth. Alec believes the current market is in a "post-speculative consolidation phase," similar to 2016 or 2019, where market enthusiasm has cooled but builders are quietly accumulating market share. To restore retail confidence, the industry must return to fundamentals: more stable liquidity designs, stronger security systems, and higher-quality projects.
On future trends, Alec noted that the integration of AI and blockchain is entering a construction cycle, much like DeFi in 2018. Over the next two to three years, we may see AI agents directly interacting with smart contracts and "Initial Model Offerings (IMO)" emerging as a new financing method—potentially marking the beginning of the next major wave.
Alec concluded by introducing that Huobi HTX Ventures is currently focusing on projects that make blockchain "easier and more practical" to use, such as DeFi, infrastructure, AI agents, and RWA tokenization, aiming to advance blockchain from a "technologist's tool" into mainstream financial and technological infrastructure.
