Examining the Application of the Efficient Market Hypothesis in Crypto Markets Through UNI Mining Halt

Efficient Market Hypothesis University students majoring in finance learn about the efficient market hypothesis theory early in their professional studies. This theory suggests that in a market with transparent information and sufficient competition, all valuable information is already reflected in prices, including expectations about future value. The efficient market hypothesis is controversial in traditional financial markets, as investors often believe stock prices are manipulated and dealers always achieve excess returns. However, relatively speaking, in a market with more transparent information, prices are more efficient and better reflect market expectations about the future.