Jupiter DEX 的变化、马斯克的区块链计划、MicroStrategy 的比特币购买 | 每周回顾

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The hype burned bright and fast—memecoins and NFTs once powered crypto, stealing the spotlight in this realm. But, like a car running dry, the speculative fuel driving these cryptocurrencies has burned out. Could tokenized real-world assets take their place? In short, yes. As memecoins lose appeal and NFTs cool off, there is a vacuum in crypto for more grounded, plausible innovations—those that rethink value and link crypto to the real world. RWA will fill this space. You might also like:Transitioning to a divine economy: A vision for a new civilization | Opinion Even Solana (SOL), once a memecoin hotspot, is now quietly pivoting toward utility—with tokenized funds, debit cards, and institutional infrastructure like ETFs and RWAs onboarding becoming the new foundation beneath its playful surface. It’s a quieter force, yet one which is transformative: backed by intrinsic value, compatible with regulation, stable. The crypto is also powerful enough to extend beyond tech, linking to the real economy through tangible assets. This gives it the potential to drive the next wave of crypto adoption, quite literally making 2025 the year crypto got real. Powering crypto’s growth: Why RWAs? Memecoins are humorous, but they are also speculative digital assets that can swing wildly and lack intrinsic value. In contrast, we are seeing a shift in the crypto ecosystem away from flashy trends towards RWAs. They flip the playing field, and the reasons behind that are numerous. Real-world applications. As the name suggests, RWAs connect crypto to the real world; they embed physical value onto blockchains. Representing tangible assets—think real estate, infrastructure, commodities, or even records of deals—they ground crypto and connect it to the living, breathing economy. Tokenization will reach $2 trillion by 2030, driven by stocks, real estate, bonds, and gold. Backed by intrinsic value. RWAs are physical, not just digital or speculative, assets. Their value is tied to these effects, making them more attractive in uncertain times. Familiar and stable. The crypto market can be highly volatile. RWAs, however, offer familiarity, stability, and regulatory compatibility. This promises to drive adoption amongst institutional investors. Changes across the RWA field We’re not the only ones taking note of the potential RWAs pose: major players are already experimenting with tokenizing assets, including firms like HSBC, Bank of America, and Visa. The range of these assets is in itself striking—U.S. Treasury bonds, commercial real estate, and carbon credits are all included in tokenization projects. The pull of RWAs is clear for all to see: improved liquidity in markets that have traditionally been opaque or illiquid, fractional ownership, and 24/7 trading. Secure RWA tokenization is made increasingly feasible by emerging blockchain infrastructure, like compliant smart contracts and decentralized oracles. Similarly, rapid changes are being made to regulatory frameworks worldwide, from the U.S. to the Middle East; this is providing clearer guidelines for asset-backed tokens in many jurisdictions. All of this means that change in the RWA sphere is happening widely and at pace. The tech is evolving in another direction still, towards democratizing developmental and environmental goals. Tokenized RWAs have the potential to transparently fund critical areas, such as affordable housing, agriculture, green infrastructure, and global development. This means that RWAs aren’t expected to be exclusive, but could have wider benefits. Agriculture stands out as a truly global industry—every nation, regardless of political or economic stance, participates in food production and trade. Tokenized RWAs in this space can streamline cross-border transactions and ultimately strengthen the global food supply chain. Looking forward: Hurdles faced by RWAs RWAs are emerging as a serious contender to drive the next wave of crypto adoption, marking a cultural and strategic shift in crypto from hype-driven speculation to down-to-earth, utility-focused applications. That’s not to say that there are no challenges in adopting RWAs. Legal uncertainty, valuation accuracy, and the need for cross-chain interoperability are all issues that must be resolved for the tech to be more widely accepted. RWAs also suffer from limitations in the ability to pair fiat into RWA products. Despite these hurdles, there’s no denying the fact that RWAs represent a seriously credible alternative to current cryptocurrencies. They offer a path for crypto to reconnect with real economic value and mainstream adoption, and it’s clear that major players are choosing this route. This is crypto’s grown-up phase As flashy trends fade, RWAs may become the foundation of a more mature, impactful crypto ecosystem. The crucial marker of RWAs is their ability to embed physical value onto blockchains—real estate, commodities, energy, infrastructure—giving RWAs massive leverage because they link crypto to things people can touch, measure, and regulate. The days of hype-first products are numbered. Useful, valuable, and understandable applications will drive the next wave of crypto adoption. RWAs offer exactly that—real utility tied to the real world. In the end, it’s not about turning everything into a token. It’s about turning the right things into tokens—and helping them move smarter, faster, and more freely than ever before. Read more:Tokenization won’t take off without a reality check | Opinion Henry Duckworth Henry Duckworthis the founder and CEO of AgriDex, an integrated agricultural digital marketplace. Henry comes from a multigenerational farming family in Africa. He became the youngest commodities trader at Trafigura, one of the largest commodities suppliers. Shortly after, he was a vice president at Scipion Capital, one of Africa’s leading investment managers. Henry’s experience with the inefficiencies of agricultural markets and finances gave rise to AgriDex, a digital marketplace aiming to become the world’s first choice for selling, moving, buying, and investing in agricultural trade.

2025 年 3 月 18 日，路透社报道称，多家加密货币公司寻求成为州立或国家银行，他们认为这是特朗普政府领导下扩大业务的途径。一旦加密货币公司成为银行，会发生什么变化？它们不是已经充当银行了吗？银行不是越来越接受加密货币了吗？ Multi-faceted crypto platforms and banks have had overlapping functionality as many people can store their savings via crypto, grow capital using yield mining or staking, or get crypto loans. In regions with a high unbanked population that has smartphones, crypto platforms already occupy a bank-like position.  However, getting licensed as a state or national bank is different from just being a defacto bank-like entity. Let’s see what the prospects are for the crypto platforms seeking to become full-fledged banks. As the U.S. took a pro-crypto course, these companies have a bigger chance of transforming into banks. The modern-day regulators don’t see crypto as something utterly inadmissible. Reuters cites lawyers admitting that there is a rising interest from crypto companies that are cautiously seeking new opportunities. Read more:Trump-era policy shift sparks crypto firms’ push for banking licenses: report SmartBiz 收购了 Centrust Bank，成为自 2021 年以来第一家获得银行特许的金融科技公司，预示着可能引领潮流。 本月初，货币监理署扭转了银行的反加密货币立场，允许银行从事加密货币相关活动，包括稳定币操作、加密货币托管等。 为什么有些加密平台想要转型成为银行？ 首先，这些公司希望获得银行地位以提高其信誉。这可能会吸引新的个人和企业客户，因为银行对他们来说比加密货币生态系统更值得信赖和熟悉。它开辟了新的机会，并允许公司大幅扩大规模。银行执照与额外的审查有关，但另一方面，它给公司带来了更合法的形象，这对业务扩张很重要。 第二个原因是，银行监管将加密货币从灰色地带拉出来，为公司提供了更清晰的立法环境，从而提供了更可预测的发展轨迹和更自信地遵循其战略的机会。 Another benefit of getting a bank charter is direct access to clients’ deposits. Without it, crypto companies have to borrow funds and pay high fees. With clients’ deposits, companies may be less constrained in their actions and development. 银行与加密平台的交汇点 尽管区块链从第一天起就与银行对立（还记得比特币创世区块中附带的信息吗），但银行和加密货币企业都设法共存并塑造彼此的运营方式。看来加密货币不再对银行构成生存威胁。银行正在采用区块链解决方案，而加密货币平台则采用银行的许多服务，例如贷款和汇款等更基本的业务。 传统银行出于各种原因使用区块链解决方案。分布式账本和智能合约基础设施使银行能够实现某些流程的自动化并降低成本，提高合规性和资金和数据的整体安全性，并提高结算速度，尤其是在跨境交易方面。值得一提的是，自动化不仅使服务更便宜，而且还消除了人为错误并防止了欺诈活动。 摩根大通和高盛等公司使用区块链来简化“了解你的客户”验证流程。国际银行联盟 Fnality International（包括巴克莱银行、汇丰控股和其他主要银行）使用区块链进行跨境交易。这些只是众多例子中的几个。CBDC 将减少公民和中央银行之间的中介参与，同时不会阻止商业银行提供信贷等服务。 与此同时，加密货币平台在移动互联网普及率较高的农村无银行账户地区充当银行的角色。此类地区可以在撒哈拉以南非洲和部分亚洲地区找到。这些地区的居民主要使用加密货币进行汇款和储蓄。 2020 年代初，新银行（neobank）兴起，这些以数字为先的网上银行提供传统银行服务。以客户为中心的方法和点对点解决方案的使用使新银行比传统银行更具优势。它们收取的费用更低，提供用户友好的应用程序，并且通常采用更优惠的方式向客户提供信贷/贷款。 最受欢迎的数字银行（如 Chime 或 Revolut）拥有数千万客户。据 Plaid 称，超过 21% 的 21 至 56 岁人群使用新银行作为主要支票账户。 采用加密货币是一些新银行发展的合理一步。Revolut 是一个著名的新银行例子，它除了股票交易、货币兑换和虚拟卡等其他功能外，还支持加密货币操作。 未来我们可能会看到更多加密货币公司成为银行，因为美国监管机构和企业都对这种发展表现出兴趣。很快，我们就会知道其他国家是否会效仿。 你可能还喜欢：新银行正在利用区块链弥补资金缺口 | 观点

由于全球贸易战的威胁引发避险情绪，令投资者感到不安，以太币价格周一早盘暴跌至近五个月低点 2,300 美元左右。 美国总统唐纳德·特朗普上周末宣布对中国、加拿大和墨西哥征收贸易关税后，2 月 3 日亚洲早盘，以太坊 (ETH) 下跌 23.6%，至盘中低点 2,368 美元。 进口关税上调可能推高通胀，进而导致利率上调。这反过来又引发避险情绪，给加密货币价格带来压力。 截至发稿时，山寨币市场下跌 28%，至近 1.07 万亿美元，其中 XRP (XRP)、Solana (SOL)、狗狗币 (DOGE)、卡尔达诺 (ADA) 等几种主要山寨币在过去一天的跌幅在 15-30% 之间。 ETH Arron 和 RSI 图表——2 月 3 日 | 来源：crypto.news 此外，Aroon 指标显示 Aroon 下跌 100%，而 Aroon 上涨显示读数为 0%，这意味着该资产在未来一天可能会进一步下跌。 然而，相对强弱指数显示超卖，表明 ETH 的抛售压力可能正在缓解。通常，资产一旦触底就会经历看涨逆转。如果 ETH 回升至 200 日移动平均线上方，则可以确认这一趋势。 ETH 可能反弹 尽管出现大幅抛售，但逢低买入的迹象正在出现，暗示一些投资者将回调视为买入机会，而非长期低迷。 与此同时，分析师 Ali Martinez 在 3 日图上发现了以太坊价格走势中的上升平行通道。他指出，ETH 必须守住 2,750 美元的支撑位才能维持其在通道内的走势。如果该水平保持不变，Martinez 预测可能反弹至 6,760 美元。 截至发稿时，以太币仍占 18.4%，每枚交易价为 2,541 美元。 阅读更多：特朗普宣布征收关税后，XRP、SOL 价格暴跌，加密货币市场价值蒸发逾 20 亿美元

全球领先的指数提供商 FTSE Russell 已与区块链数据基础设施公司 SonarX 合作，扩大其数字资产产品。 此次合作将把来自 100 多个区块链的数据（包括网络基本面、代币供应、质押和 DeFi 指标）整合到富时罗素的金融指数和数据产品中。 此次合作反映了将区块链数据纳入传统金融系统的日益增长的动力。富时罗素计划利用 SonarX 的数据创建专为机构投资者设计的指数，以满足对数字资产敞口日益增长的需求。 总部位于伦敦的富时罗素 (FTSE Russell) 以创建跟踪英国金融市场各个方面的指数而闻名。其旗舰指数富时 100 指数监测英国市值最大的 100 家公司，其功能类似于美国的标准普尔 500 指数。 你可能还喜欢：亚利桑那州参议院委员会推进比特币储备法案 加密货币指数 指数作为追踪市场表现或特定资产类别的基准，为投资者提供衡量增长和分配资金的标准化方法。 SonarX 全球业务发展主管 Jesse Bornstein 表示：“指数是高效金融市场的基石，高质量的数据是指数建立的基础。” 此次合作凸显了传统金融如何适应新兴技术。区块链是支持比特币等加密货币的去中心化数字账本，正成为金融生态系统不可或缺的一部分。 去中心化金融利用区块链提供无需银行的金融服务。通过将区块链数据整合到指数中，富时罗素旨在让投资者更容易进入数字资产市场。 此次合作凸显了区块链在全球金融领域的作用日趋成熟，将 SonarX 在区块链数据方面的专业知识与 FTSE Russell 在金融指数方面的声誉相结合。此举可能为数字经济领域带来新的投资机会。 你可能还喜欢：

Strategy 的股价较 11 月的高点下跌了近 50％，但在当前的加密货币大屠杀中，该公司仍在继续其积极的比特币积累策略。 Strategy 股价昨日暴跌 17%，收于 239.27 美元。自 2024 年 11 月 473.83 美元的峰值以来，其价值已缩水近 50%。据彭博社报道，由于人们对特朗普将建立战略比特币储备持乐观态度，Strategy 股价的涨幅甚至超过了比特币。然而，随着比特币 (BTC) 回吐近期大部分涨幅，Strategy 股价跌幅更大。 资料来源：彭博社 当特朗普的行政命令明确表示储备将由现有的政府持有的比特币（从刑事案件中扣押的比特币获得）组成，并且不会进行超出预算中性策略的额外购买时，投资者情绪变得特别糟糕。 周一，比特币和策略均面临进一步的压力，原因是宏观经济不确定性导致风险资产普遍减少，这主要是由于特朗普与加拿大、墨西哥和中国的贸易战。比特币下跌 4%，交易价格约为 80,000 美元。 你可能还喜欢：比特币的代理股票正在崩盘——策略是否面临强制清算？ 尽管股价下跌且比特币难以保持关键支撑位，但 Strategy 最近宣布，它希望通过出售其 A 类优先股筹集 21 亿美元，并用这笔钱购买更多比特币。这是由其执行董事长迈克尔·塞勒 (Michael Saylor) 领导的一项更大计划（“21/21 路线图”）的一部分，该计划旨在筹集总计 420 亿美元并将其投资于比特币。此外，Strategy 在比特币购买方面仍处于领先地位，最近以平均价格 97,514 美元的价格抢购了 20,356 个比特币，价值近 20 亿美元，当时其股价已经处于自由落体状态。 加上最新加入的比特币，Strategy 的比特币储备现在为 499,096 BTC，购买时花费了约 331 亿美元，平均每比特币 66,357 美元，资金主要来自股票销售。其总持股现在价值约 400 亿美元，按当前 BTC 价格 80,381 美元计算，约占未实现收益的 21%。 尽管有些人对 Saylor 在当前环境下购买 BTC 的行为持怀疑态度，但分析师普遍对 Strategy 的未来持乐观态度。具体来说，彭博社调查的所有 11 位金融分析师都建议投资者购买 Strategy 的股票，并预测该股价格将超过去年创下的 540 美元高点。 你可能还喜欢：Strategy 以 19.9 亿美元增持 20,356 枚比特币，扩大企业 BTC 持有量