Felix Hartmann, founder of venture capital firm Hartmann Capital, said most counterfeit products are likely to continue their downward trend until the end of January 2025. "Some counterfeit products may continue to rise briefly, but most counterfeit products may slowly decline or consolidate for 2-6 weeks," Hartmann said in an X post on December 10. "[In my opinion] there is not much opportunity to chase counterfeit products here, as many counterfeit products peak after 2-3 fluctuations in a wee...
Venture capitalist Felix Hartmann warned that the market for counterfeit products could be volatile in the short term as institutional investors increase profit-taking activity. "Once the momentum starts, we have to reduce leverage and see some big pullbacks," he explained. He noted that most counterfeit products now have funding rates "above" 100 per cent annualised and that recent moves have been driven purely by perpetual traders in the face of falling spot trading volumes...
Chat-based payments startup Felix, which allows its customers to send money internationally via WhatsApp messages, announced Wednesday that it has partnered with Zero Hash to help it leverage the speed and convenience of stablecoins when facilitating money transfers. "By embedding Zero Hash's infrastructure into Felix services, Felix is able to control the front-end customer experience," a statement said. "And Zero Hash handles the flow of funds for end-to-end technical and regulatory compliance...