HTX DeepThink: Rotation Signals Emerging—Crypto Credit and InfoFi Poised as New Market Focal Points

SINGAPORE, May 29, 2025 /PRNewswire/ -- As May draws to a close, the crypto market continues its upward momentum, fueled by a renewed wave of macro liquidity. Bitcoin demonstrates resilience, with improved on-chain capital structure and a steady rise in risk appetite. High-beta assets and quality altcoins are drawing increasing attention, signaling an emerging rotation trend. This week, Chloe (@ChloeTalk1) from HTX Research explores the evolving potential and structural value of crypto credit and InfoFi as key sectors in this next phase.

As of May 21, 2025, the Federal Reserve's net liquidity has rebounded to 6,022.869, recovering strongly from its early-May low. Although it has not yet reached the key range of 6,100–6,200, this trend signals an initial return of liquidity, providing macro-level support for the crypto market.

Despite last week's long-bond auctions disappointing on both sides of the Pacific—with the U.S. 20-year yield pushed above 5 %, and Japan's long-end rates setting 25-year highs—stoking global liquidity-squeeze fears, the impact is somewhat mitigated. The U.S. Treasury is primarily absorbing cash mainly via 3- to 6-month T-Bills, which tends to drain money-market funds rather than risk assets. Furthermore, the Fed retains the ability to pause quantitative tightening (QT) or open its repo facilities at will, capping potential spillover effects.

Bitcoin has held firm. Spot ETFs continue to post modest daily inflows, over 70 % of Bitcoin supply has remained dormant for six months or more, exchange balances are falling, and Asian/Middle-East buyers continue to buy dips. Even if net Treasury issuance jumps to roughly $1.25 trillion in Q3, short-dated supply and repo backstops dilute the drag on high-beta assets, while ETF passive holdings and "hard hands" diffuse selling pressure; a weaker-dollar narrative adds further support.

On-chain data shows that public chains like Solana and Base are seeing sustained increases in activity, with capital gradually shifting from BTC-dominated safe-haven assets to high-beta altcoins. BTC Dominance remains elevated and has not yet experienced a significant pullback, but if it drops below 52% in the coming sessions, coupled with further liquidity expansion, a new altcoin season could kick off.

Wall Street Doubles Down on Crypto Credit: Maple Becomes the Institutional Capital Gateway

Cantor Fitzgerald has launched a Bitcoin-collateralized credit program with a total size of $2 billion, signaling Wall Street's formal and large-scale entry into the crypto credit market. Initial recipients of this facility include crypto broker FalconX and the decentralized lending protocol Maple Finance. FalconX has already drawn over $100 million under this framework, and Maple Finance has completed its first loan issuance through the program.

The $SYRUP token, associated with Maple Finance, is available on HTX through spot trading, perpetual futures, and earn products. Since its spot listing, $SYRUP has surged by 110%, with strong performance also seen in derivatives—underscoring growing market recognition and investor confidence in the project. Maple's newly launched syrupUSDC/USDT perpetual institutional credit pool offers 8–12% annual yields with high collateral transparency, rapidly attracting large volumes of idle institutional stablecoins. This month, the TVL surged from $800 million to $1.3 billion—markets are "voting with their feet," fully validating the appeal and growth potential of the SYRUP model.

InfoFi Rising Star: $COOKIE Poised to Trigger the Next Revaluation Cycle

Based on current on-chain trends and macro liquidity data, $COOKIE is expected to be on the verge of explosive growth within the InfoFi sector. Compared to similarly positioned projects like Kaito, CookieDotFun's current market cap is just one-fifth. Once the Cookie leaderboard, ad slot bidding, and other InfoFi monetization mechanisms go live, $COOKIE' valuation ceiling could be lifted.

HTX has launched COOKIE/USDT perpetual futures, while KAITO—previously featured in the HTX DeepThink column—has also been listed on HTX, with a remarkable 138% gain over the past 30 days.

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

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."

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.

SINGAPORE, May 29, 2025 /PRNewswire/ -- As May draws to a close, the crypto market continues its upward momentum, fueled by a renewed wave of macro liquidity. Bitcoin demonstrates resilience, with improved on-chain capital structure and a steady rise in risk appetite. High-beta assets and quality altcoins are drawing increasing attention, signaling an emerging rotation trend. This week, Chloe (@ChloeTalk1) from HTX Research explores the evolving potential and structural value of crypto credit and InfoFi as key sectors in this next phase.

As of May 21, 2025, the Federal Reserve's net liquidity has rebounded to 6,022.869, recovering strongly from its early-May low. Although it has not yet reached the key range of 6,100–6,200, this trend signals an initial return of liquidity, providing macro-level support for the crypto market.

Despite last week's long-bond auctions disappointing on both sides of the Pacific—with the U.S. 20-year yield pushed above 5 %, and Japan's long-end rates setting 25-year highs—stoking global liquidity-squeeze fears, the impact is somewhat mitigated. The U.S. Treasury is primarily absorbing cash mainly via 3- to 6-month T-Bills, which tends to drain money-market funds rather than risk assets. Furthermore, the Fed retains the ability to pause quantitative tightening (QT) or open its repo facilities at will, capping potential spillover effects.

Bitcoin has held firm. Spot ETFs continue to post modest daily inflows, over 70 % of Bitcoin supply has remained dormant for six months or more, exchange balances are falling, and Asian/Middle-East buyers continue to buy dips. Even if net Treasury issuance jumps to roughly $1.25 trillion in Q3, short-dated supply and repo backstops dilute the drag on high-beta assets, while ETF passive holdings and "hard hands" diffuse selling pressure; a weaker-dollar narrative adds further support.

On-chain data shows that public chains like Solana and Base are seeing sustained increases in activity, with capital gradually shifting from BTC-dominated safe-haven assets to high-beta altcoins. BTC Dominance remains elevated and has not yet experienced a significant pullback, but if it drops below 52% in the coming sessions, coupled with further liquidity expansion, a new altcoin season could kick off.

Wall Street Doubles Down on Crypto Credit: Maple Becomes the Institutional Capital Gateway

Cantor Fitzgerald has launched a Bitcoin-collateralized credit program with a total size of $2 billion, signaling Wall Street's formal and large-scale entry into the crypto credit market. Initial recipients of this facility include crypto broker FalconX and the decentralized lending protocol Maple Finance. FalconX has already drawn over $100 million under this framework, and Maple Finance has completed its first loan issuance through the program.

The $SYRUP token, associated with Maple Finance, is available on HTX through spot trading, perpetual futures, and earn products. Since its spot listing, $SYRUP has surged by 110%, with strong performance also seen in derivatives—underscoring growing market recognition and investor confidence in the project. Maple's newly launched syrupUSDC/USDT perpetual institutional credit pool offers 8–12% annual yields with high collateral transparency, rapidly attracting large volumes of idle institutional stablecoins. This month, the TVL surged from $800 million to $1.3 billion—markets are "voting with their feet," fully validating the appeal and growth potential of the SYRUP model.

InfoFi Rising Star: $COOKIE Poised to Trigger the Next Revaluation Cycle

Based on current on-chain trends and macro liquidity data, $COOKIE is expected to be on the verge of explosive growth within the InfoFi sector. Compared to similarly positioned projects like Kaito, CookieDotFun's current market cap is just one-fifth. Once the Cookie leaderboard, ad slot bidding, and other InfoFi monetization mechanisms go live, $COOKIE' valuation ceiling could be lifted.

HTX has launched COOKIE/USDT perpetual futures, while KAITO—previously featured in the HTX DeepThink column—has also been listed on HTX, with a remarkable 138% gain over the past 30 days.

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

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."

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.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

HTX DeepThink: Rotation Signals Emerging—Crypto Credit and InfoFi Poised as New Market Focal Points

Precision engineering meets data-driven, smart analytics for immersive, multi-intensity, full-body workouts from the comfort of your own home

WASHINGTON, May 4, 2026 /PRNewswire/ -- Merach, a global innovator in home fitness, today announced the availability of its new Novarow R50 Pro Air Rower. This professional-grade air resistance rowing machine is engineered to provide a high-intensity, full-body workout while offering significant technological upgrades over its predecessors, making elite-level HIIT training accessible for home use.

The Merach R50 Pro utilizes a sophisticated pure wind resistance system, which offers users superior performance. At its core is a high-performance 32-blade fan paired with a 3.5 kg flywheel, designed to deliver a smooth and powerful stroke that mimics the feel of rowing on open water. Users can fine-tune their intensity via a manual lever offering 10 distinct resistance levels, accommodating everything from steady-state cardio to explosive strength training.

The R50 Pro designation brings a suite of innovative data tracking and ergonomics, plus advanced monitoring features designed for the data-driven athlete, including:

• Upgraded 5.5-inch Backlit LCD: A new vertical layout provides a wider display area and clear visibility in any lighting condition.
• Comprehensive Metrics: Tracks advanced data including Watt and Avg. Watt, SPM Waveform, Drag Factor, and Time/500m split.
• Offline Data Storage: Workout data can now be stored locally on the machine and synchronized later with the MERACH App for seamless progress tracking.
• Unobstructed Viewing: The integrated iPad stand is now positioned above the monitor, ensuring tablets do not block essential workout stats during use.

Constructed with a robust and high-quality iron and aluminum frame and stainless steel sliding rail, the R50 Pro is built for durability and stability. The machine features an ergonomic foam leather seat and a 510 mm handle connected by a high-strength nickel-plated steel pull rope. When the workout is over, the track can be disassembled and folded, allowing the unit to be stored vertically to save valuable floor space.

"With the Merach R50 Pro, we are moving beyond basic fitness equipment toward a more intelligent, feedback-driven training experience," said Robert Luo, CEO of Merach. "We recognized that home athletes are becoming more sophisticated. They want the same level of data, such as drag factors and watt waveforms, that they would find in a professional rowing club. So, we developed the R50 Pro to meet that customer demand. By upgrading the monitor layout and adding offline synchronization, we've ensured that your data is always accessible and your view is never obstructed. This machine is about more than just burning calories; it's about providing a stable, powerful platform that grows with the user's fitness level, from their first stroke to their thousandth kilometer."

Product Specifications & Availability

• Connectivity: Bluetooth 5.0 with support for MERACH and Kinomap apps.
• Comfort: 6-position adjustable foot pedals and ergonomic seating.
• Dimensions: 94"D x 24"W x 40"H (unfolded); 25"D x 33"W x 54"H (folded).
• Power: Battery-operated console for cordless placement anywhere in the home.

The Merach R50 Pro is now available at an MSRP of $759.99, with a limited-time promotional price of $599.99 on the Merach official website and Amazon.

About Merach

Founded in 2018, Merach is a home fitness expert dedicated to making professional-grade wellness technology accessible. Having served over 10 million households worldwide, it focuses on solving the core pain points of home exercise. Merach has built a complete fitness ecosystem that spans its flagship app, smart hardware, and LLM AI-powered services, delivering engaging experiences to consumers. 

For more information, product specifications, or media inquiries, please visit https://merachfit.com/

Precision engineering meets data-driven, smart analytics for immersive, multi-intensity, full-body workouts from the comfort of your own home

WASHINGTON, May 4, 2026 /PRNewswire/ -- Merach, a global innovator in home fitness, today announced the availability of its new Novarow R50 Pro Air Rower. This professional-grade air resistance rowing machine is engineered to provide a high-intensity, full-body workout while offering significant technological upgrades over its predecessors, making elite-level HIIT training accessible for home use.

The Merach R50 Pro utilizes a sophisticated pure wind resistance system, which offers users superior performance. At its core is a high-performance 32-blade fan paired with a 3.5 kg flywheel, designed to deliver a smooth and powerful stroke that mimics the feel of rowing on open water. Users can fine-tune their intensity via a manual lever offering 10 distinct resistance levels, accommodating everything from steady-state cardio to explosive strength training.

The R50 Pro designation brings a suite of innovative data tracking and ergonomics, plus advanced monitoring features designed for the data-driven athlete, including:

• Upgraded 5.5-inch Backlit LCD: A new vertical layout provides a wider display area and clear visibility in any lighting condition.
• Comprehensive Metrics: Tracks advanced data including Watt and Avg. Watt, SPM Waveform, Drag Factor, and Time/500m split.
• Offline Data Storage: Workout data can now be stored locally on the machine and synchronized later with the MERACH App for seamless progress tracking.
• Unobstructed Viewing: The integrated iPad stand is now positioned above the monitor, ensuring tablets do not block essential workout stats during use.

Constructed with a robust and high-quality iron and aluminum frame and stainless steel sliding rail, the R50 Pro is built for durability and stability. The machine features an ergonomic foam leather seat and a 510 mm handle connected by a high-strength nickel-plated steel pull rope. When the workout is over, the track can be disassembled and folded, allowing the unit to be stored vertically to save valuable floor space.

"With the Merach R50 Pro, we are moving beyond basic fitness equipment toward a more intelligent, feedback-driven training experience," said Robert Luo, CEO of Merach. "We recognized that home athletes are becoming more sophisticated. They want the same level of data, such as drag factors and watt waveforms, that they would find in a professional rowing club. So, we developed the R50 Pro to meet that customer demand. By upgrading the monitor layout and adding offline synchronization, we've ensured that your data is always accessible and your view is never obstructed. This machine is about more than just burning calories; it's about providing a stable, powerful platform that grows with the user's fitness level, from their first stroke to their thousandth kilometer."

Product Specifications & Availability

• Connectivity: Bluetooth 5.0 with support for MERACH and Kinomap apps.
• Comfort: 6-position adjustable foot pedals and ergonomic seating.
• Dimensions: 94"D x 24"W x 40"H (unfolded); 25"D x 33"W x 54"H (folded).
• Power: Battery-operated console for cordless placement anywhere in the home.

The Merach R50 Pro is now available at an MSRP of $759.99, with a limited-time promotional price of $599.99 on the Merach official website and Amazon.

About Merach

Founded in 2018, Merach is a home fitness expert dedicated to making professional-grade wellness technology accessible. Having served over 10 million households worldwide, it focuses on solving the core pain points of home exercise. Merach has built a complete fitness ecosystem that spans its flagship app, smart hardware, and LLM AI-powered services, delivering engaging experiences to consumers. 

For more information, product specifications, or media inquiries, please visit https://merachfit.com/

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Merach Elevates Home Rowing with the NovaRow R50 Pro