PANews reported on October 29 that Alec Goh, head of Huobi HTX Ventures, was invited to attend the Blockchain Life 2025 conference in Dubai and participate in a roundtable forum on the theme of "Crypto Market 2025: New Growth or Continued Stagnation?".

In his speech, Alec stated that the October 11th black swan event exposed the structural vulnerabilities of the crypto market, including weak liquidity, excessive leverage among retail investors, and reliance on a few large market makers. The automatic deleveraging mechanisms of exchanges triggered a chain reaction during the event, further exacerbating market depth. Alec believes the current market is in a "consolidation period after the speculative era," similar to 2016 or 2019. During this phase, market fervor has cooled, but market makers are quietly accumulating market share. To regain retail investor trust, the industry must return to fundamentals: more stable liquidity design, stronger security systems, and higher-quality projects.

Regarding future trends, Alec believes that the integration of AI and blockchain is entering a development phase, similar to the DeFi phase in 2018. In the next 2-3 years, we may see AI agents directly interacting with smart contracts, and 'Initial Model Offerings (IMOs)' becoming a new financing method, which could be the starting point of the next major wave.

Alec concluded by stating that Huobi HTX Ventures is currently focusing on projects that make blockchain "easier to use and more practical," such as DeFi, infrastructure, AI Agents, and RWA tokenization, aiming to drive the evolution of blockchain from a "technical tool" to mainstream financial and technological infrastructure.