Cryptocurrency News & Market Updates

HTX Research Latest Report | The Industrialization of Intelligence and the Bubble Cycle: Token Economics, Capital Expenditure, and the Repricing of Risk-Reward Across U.S. AI Equities
HTX Research Latest Report | The Industrialization of Intelligence and the Bubble Cycle: Token Economics, Capital Expenditure, and the Repricing of Risk-Reward Across U.S. AI Equities

Overview

AI investing has moved beyond the first-stage question of whether a company has an AI narrative. The more important question is now which companies can convert exponential growth in token consumption into sustainable profits. Over the past three years, markets first priced the scarcity of GPUs, high-bandwidth memory, networking equipment, servers and data-center capacity. They then shifted toward the capability gains delivered by frontier models, reasoning systems and coding agents. In 2026, the variables driving equity returns are shifting away from model parameter counts and the scale of capital expenditure toward token production cost, task-completion reliability, usage intensity, enterprise-workflow penetration and the ability of enormous AI investments to generate durable free cash flow.

Aug 21, 202631 min read


Afloat, but not ahead: what a survey of Americans told us about banking, credit, and getting ahead
Afloat, but not ahead: what a survey of Americans told us about banking, credit, and getting ahead

TL;DR

  • 63% of Americans say they are falling behind financially

  • Debit cards offer control but little reward; credit cards offer reward but come with debt and anxiety, and 47% say credit is the only real path to meaningful rewards.

  • 60% of Americans would switch to a spending card with real rewards and no borrowing required, and 57% want those rewards paid in cash rather than points.

  • The Krak Card is our response: cashback paid as real money, not points, with no debt required to earn it.

Most Americans are keeping their heads above water and still feel like they’re falling behind.

Aug 18, 20269 min read