BlockBeats News, October 29th: At the 2025 Blockchain Life Summit held in Dubai, Huobi HTX Venture Capitalist Alec Goh stated during his speech that the 10·11 market event exposed the current structural vulnerabilities of the crypto market, including insufficient liquidity, concentrated leverage risk, and high dependence on a few large market makers. He pointed out that the exchanges’ automatic deleveraging mechanism amplified market volatility during the event, leading to further depth slippage.
He believes that the market is currently in a “post-speculative era” consolidation phase, similar to the cycles of 2016 or 2019. During this phase, despite the cooling of the market hype, infrastructure builders are steadily accumulating market share. To restore retail confidence, the industry needs to refocus on robust liquidity design, security systems, and high-quality projects.
Regarding future trends, Alec believes that the integration of AI and blockchain is entering a substantive development stage, and in the next 2–3 years, direct interaction between AI Agents and smart contracts, as well as new fundraising models such as “Initial Model Offerings (IMO),” may emerge as the core drivers of the next growth cycle. He added that Huobi HTX Venture Capital is currently focusing on projects aimed at making blockchain “more user-friendly and practical,” including DeFi, infrastructure, AI Agents, and RWA tokenization, to drive the blockchain’s transition from a technical tool to mainstream financial and technological infrastructure.
