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

• Global DMS mandates: Europe requires DMS in new vehicles from 2026 while the U.S., China, and Japan actively pursue mandates in the autonomous driving era.
• AI image restoration: Delivers sharp visuals via AI, increasing design freedom and image quality.
• Growth of sensing business: Expands camera/LiDAR/Radar solutions, targeting USD 1.4 billion in sales by 2030.

SEOUL, South Korea, Dec. 29, 2025 /PRNewswire/ -- On December 26, LG Innotek (CEO Moon Hyuksoo) announced its success in developing a 'Next-Generation Under-Display Camera Module(UDC)' installed behind a vehicle's instrument cluster to monitor the driver, with plans to unveil it at CES 2026.

The UDC is a core component of the Driver Monitoring System (DMS), which integrates a camera and software within the vehicle to continuously monitor the driver. Mounted behind the vehicle's instrument cluster display, which serves as the dashboard, the UDC remains invisible to the driver and passengers while sensing and monitoring key status indicators such as drowsiness and attention level while on the road.

DMSs are gaining significant attention as essential safety devices to prevent careless driving, particularly as autonomous driving technologies advance. Europe now mandates DMSs in new vehicles from July 2026 under the General Safety Regulation, while the U.S., China, and Japan are considering similar requirements.

The market is increasingly focusing on cameras as the core component of DMSs. The demand for invisible UDCs is thus surging, driven by the need for sophisticated, refined vehicle interior designs that prioritize seamless aesthetics, particularly in the premium and advanced autonomous vehicle segments. The invisible UDC is gaining popularity by alleviating drivers' psychological discomfort and privacy concerns associated with visible, protruding cameras in DMSs.

Overcoming image quality degradation in DMS cameras, caused by the dashboard display blocking light transmission, has long been a critical industry challenge for under-display technologies. Carmakers have hesitated to adopt UDCs due to such persistent image quality degradation.

To address this challenge, LG Innotek partnered with LG Display—a leader in automotive displays—to launch the joint development of a next-generation UDC in 2024. After about one year of intensive research and development, LG Innotek successfully introduced the industry's first 'Next-Generation UDC', which solves the problem of poor image quality while neatly concealing the camera behind the display.

• AI image restoration: Delivers sharp visuals via AI, improving design freedom and image quality

Existing DMS cameras typically protrude from the dashboard or steering wheel. By remaining visible to the driver, they hinder clean and refined interior designs.

LG Innotek's 'Next-Generation UDC' mounts seamlessly behind the vehicle display panel serving as the dashboard, rendering the camera completely invisible and undetectable. LG Innotek expects this differentiated invisible design to strongly appeal to high-end automakers seeking premium aesthetics.

LG Innotek's 'Next-Generation UDC' also delivers image quality equivalent to that of existing products. It achieves image fidelity of at least 99% compared to unobstructed cameras positioned directly in front of the driver, without display panel interference. It near-perfectly resolves the inevitable image quality degradation caused by mounting a camera behind the display panel.

Clear picture quality stands as a key element of DMS camera performance, requiring the ability to accurately detect the driver's facial expressions, eye blinking, and head movements. However, existing UDCs suffer from views obscured by the display panel, degrading image quality by about 30% compared to standard DMS cameras.

LG Innotek applied its independently developed 'AI image restoration software' to resolve the persistent image quality degradation issue. The company's software perfectly recovers degraded image quality using algorithms such as deblur (converting fuzzy images to clear ones) and denoise (removing noise captured during imaging). Carmakers are closely watching LG Innotek's 'Next-Generation UDC' for its breakthrough performance.

The company plans to continuously enhance this 'Next-Generation UDC' capabilities. An LG Innotek official stated, "Going forward, the 'Next-Generation UDC' will recognize colors and passengers as well as the driver, enabling customized conveniences such as seat adjustment and interior temperature setting."

• Growth of sensing business Expands camera/LiDAR/Radar solutions, targeting USD 1.4 billion in sales by 2030

With the development of this 'Next-Generation UDC', LG Innotek has strengthened its lineup of autonomous driving sensing solutions, covering both in-cabin and exterior vehicle monitoring.

The company aims to lead the global market by launching integrated solutions that combine vehicle camera modules, LiDAR, and Radar, leveraging its leadership in smartphone camera modules to establish itself as a 'leading provider of autonomous driving sensing solutions'.

Last year, LG Innotek launched a high-performance heated camera that halves snow and frost removal time as well as an 'RGB-IR in-cabin camera module' that monitors both driver and passengers through a single unit.

In July this year, LG Innotek signed a strategic partnership with Aeva, a leading U.S. LiDAR technology company. In September, it also made an equity investment in Smart Radar System, a Korean firm specializing in 4D imaging radar technology, to secure advanced autonomous driving sensing solutions.

CEO Moon Hyuksoo stated, "LG Innotek aims to grow its vehicle sensing solutions business to USD 1.4 billion in sales by 2030. By continuously delivering innovative components that provide distinguished customer value, we will become a trusted technology partner that realizes our customers' visions."

According to S&P Global, the global in-cabin camera module market is projected to grow from USD 1.8 billion in 2025 to USD 5.1 billion in 2035, at a CAGR of 11%.

• Global DMS mandates: Europe requires DMS in new vehicles from 2026 while the U.S., China, and Japan actively pursue mandates in the autonomous driving era.
• AI image restoration: Delivers sharp visuals via AI, increasing design freedom and image quality.
• Growth of sensing business: Expands camera/LiDAR/Radar solutions, targeting USD 1.4 billion in sales by 2030.

SEOUL, South Korea, Dec. 29, 2025 /PRNewswire/ -- On December 26, LG Innotek (CEO Moon Hyuksoo) announced its success in developing a 'Next-Generation Under-Display Camera Module(UDC)' installed behind a vehicle's instrument cluster to monitor the driver, with plans to unveil it at CES 2026.

The UDC is a core component of the Driver Monitoring System (DMS), which integrates a camera and software within the vehicle to continuously monitor the driver. Mounted behind the vehicle's instrument cluster display, which serves as the dashboard, the UDC remains invisible to the driver and passengers while sensing and monitoring key status indicators such as drowsiness and attention level while on the road.

DMSs are gaining significant attention as essential safety devices to prevent careless driving, particularly as autonomous driving technologies advance. Europe now mandates DMSs in new vehicles from July 2026 under the General Safety Regulation, while the U.S., China, and Japan are considering similar requirements.

The market is increasingly focusing on cameras as the core component of DMSs. The demand for invisible UDCs is thus surging, driven by the need for sophisticated, refined vehicle interior designs that prioritize seamless aesthetics, particularly in the premium and advanced autonomous vehicle segments. The invisible UDC is gaining popularity by alleviating drivers' psychological discomfort and privacy concerns associated with visible, protruding cameras in DMSs.

Overcoming image quality degradation in DMS cameras, caused by the dashboard display blocking light transmission, has long been a critical industry challenge for under-display technologies. Carmakers have hesitated to adopt UDCs due to such persistent image quality degradation.

To address this challenge, LG Innotek partnered with LG Display—a leader in automotive displays—to launch the joint development of a next-generation UDC in 2024. After about one year of intensive research and development, LG Innotek successfully introduced the industry's first 'Next-Generation UDC', which solves the problem of poor image quality while neatly concealing the camera behind the display.

• AI image restoration: Delivers sharp visuals via AI, improving design freedom and image quality

Existing DMS cameras typically protrude from the dashboard or steering wheel. By remaining visible to the driver, they hinder clean and refined interior designs.

LG Innotek's 'Next-Generation UDC' mounts seamlessly behind the vehicle display panel serving as the dashboard, rendering the camera completely invisible and undetectable. LG Innotek expects this differentiated invisible design to strongly appeal to high-end automakers seeking premium aesthetics.

LG Innotek's 'Next-Generation UDC' also delivers image quality equivalent to that of existing products. It achieves image fidelity of at least 99% compared to unobstructed cameras positioned directly in front of the driver, without display panel interference. It near-perfectly resolves the inevitable image quality degradation caused by mounting a camera behind the display panel.

Clear picture quality stands as a key element of DMS camera performance, requiring the ability to accurately detect the driver's facial expressions, eye blinking, and head movements. However, existing UDCs suffer from views obscured by the display panel, degrading image quality by about 30% compared to standard DMS cameras.

LG Innotek applied its independently developed 'AI image restoration software' to resolve the persistent image quality degradation issue. The company's software perfectly recovers degraded image quality using algorithms such as deblur (converting fuzzy images to clear ones) and denoise (removing noise captured during imaging). Carmakers are closely watching LG Innotek's 'Next-Generation UDC' for its breakthrough performance.

The company plans to continuously enhance this 'Next-Generation UDC' capabilities. An LG Innotek official stated, "Going forward, the 'Next-Generation UDC' will recognize colors and passengers as well as the driver, enabling customized conveniences such as seat adjustment and interior temperature setting."

• Growth of sensing business Expands camera/LiDAR/Radar solutions, targeting USD 1.4 billion in sales by 2030

With the development of this 'Next-Generation UDC', LG Innotek has strengthened its lineup of autonomous driving sensing solutions, covering both in-cabin and exterior vehicle monitoring.

The company aims to lead the global market by launching integrated solutions that combine vehicle camera modules, LiDAR, and Radar, leveraging its leadership in smartphone camera modules to establish itself as a 'leading provider of autonomous driving sensing solutions'.

Last year, LG Innotek launched a high-performance heated camera that halves snow and frost removal time as well as an 'RGB-IR in-cabin camera module' that monitors both driver and passengers through a single unit.

In July this year, LG Innotek signed a strategic partnership with Aeva, a leading U.S. LiDAR technology company. In September, it also made an equity investment in Smart Radar System, a Korean firm specializing in 4D imaging radar technology, to secure advanced autonomous driving sensing solutions.

CEO Moon Hyuksoo stated, "LG Innotek aims to grow its vehicle sensing solutions business to USD 1.4 billion in sales by 2030. By continuously delivering innovative components that provide distinguished customer value, we will become a trusted technology partner that realizes our customers' visions."

According to S&P Global, the global in-cabin camera module market is projected to grow from USD 1.8 billion in 2025 to USD 5.1 billion in 2035, at a CAGR of 11%.

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

"Hidden Behind the Dashboard"… LG Innotek Unveils 'Next-Generation Under-Display Camera' at CES 2026