前 Grayscale 高管加入 DeFi 教育基金

币安宣布改变其代币信息共享方式，增加解锁计划以提高透明度。 币安在一篇博文中宣布，从 2 月 14 日开始，它将在其市值和流通供应统计数据中添加代币解锁时间表。此举是其代币信息共享政策修订的一部分，旨在帮助用户做出更明智的交易决策。新框架将为用户提供更清晰、更可靠的代币解锁事件视图。 过去，市场上的代币数量被称为流通供应量，币安通过将资产价格乘以其流动性来确定市值。在最新更新中，币安将直接收集有关上市项目的代币解锁时间表的信息。现在，在计算市值和流通供应量时将考虑已解锁的代币。 阅读更多：Solayer 将于 2 月 11 日通过空投活动首次亮相币安 新的市值计算将用当前价格乘以流通供应量，其中包括解锁的代币。如果没有解锁数据，币安将在计算中排除非公开可访问的代币。币安网站或应用程序的项目概述部分将为用户提供代币解锁时间表和相关信息。 另一项进展是，币安已就其目前涉及的美国证券交易委员会纠纷获得 60 天的暂停。美国地方法院法官 Amy Berman Jackson 批准了此项暂停，将于 4 月 14 日结束。此次暂时停牌的目的是让双方考虑任何新的监管变化。 美国证券交易委员会最近成立了一个加密货币工作组，由委员海斯特·皮尔斯 (Hester Peirce) 领导。该工作组被视为制定加密货币领域更明确法规的第一步。币安因涉嫌违反美国证券法而受到调查，但这一法律延迟可能预示着更有利的监管环境。 你可能还喜欢：Cboe BZX 向 SEC 提交具有里程碑意义的请求，以启用 21Shares 以太坊 ETF 的质押功能

披露：此处表达的观点和意见仅属于作者，不代表 crypto.news 编辑的观点和意见。 加密货币最吸引人的方面之一是它的匿名性。例如，比特币（BTC）是在 2008 年由一位匿名人士使用化名中本聪 (Satoshi Nakamoto) 创建的，至今，其发明者的真实身份仍然未知。匿名的面纱允许用户通过钱包地址创建不同的身份，为交易增加了额外的隐私和自由裁量权。 你可能还喜欢：从概念到现实：女性在区块链领域开创和领导的五种方式 | 观点 这种开放性和普遍可及性的概念是数字货币的核心承诺之一，允许任何有互联网接入的人参与，无论他们的财务历史或背景如何。然而，尽管加密的精神提倡包容性，但现实并不总是反映这一点。 加密货币的早期由“加密兄弟”原型定义，指的是影响该行业方向的一群特定的年轻、精通技术的男性。他们的影响力延伸到项目设计、关键协议的开发以及围绕数字资产的文化框架。 然而，随着行业的成熟和发展，人们努力反映和吸收更多女性的声音。这种转变有助于解决性别代表性不平衡的问题，为该行业带来了新的视角。 2024 年的一项研究显示，全球有超过 5.6 亿加密货币持有者，其中 61% 为男性，39% 为女性。这比上一年有所增加，当时全球总数为 4.2 亿，其中 37% 的持有者为女性，这表明出现了积极的转变。 全球加密货币持有者 | 资料来源：Triple A 为了应对这一趋势，一些组织应运而生，致力于解决加密货币领域的性别失衡问题。会议和活动曾经主要针对男性主导的人群，但现在已发生了变化，允许女性进入该领域并占据主导地位。 例如，加密货币女性协会 (AWC) 成立于 2022 年，为希望提升加密货币知识和教育的女性提供平台。在 Amanda Wick 的领导下，AWC 举办各种活动，例如网络研讨会和面对面聚会，女性可以向行业专家学习并与导师联系，导师可以指导她们并帮助她们发现新的职业机会。 近期，币安宣布将通过币安学院平台推出专为女性而设的全球项目，以庆祝国际妇女节。这些活动将在五大洲的 11 个地点举行，旨在帮助女性轻松进入该行业。 尽管女性在 DeFi 领域取得了长足进步，目前占币安员工总数的 40%，但领导职位主要由男性担任。尽管如此，一些女性已成为该领域的领导者。 例如，Perianne Boring 是区块链倡导组织 The Digital Chamber 的创始人兼首席执行官，与国会和政府合作推广和监管区块链技术。她的领导角色使她成为采用区块链技术的倡导者，因为她已成为该领域讨论金融未来的知名人士。去年 12 月，特朗普总统还考虑让 Boring 担任 CFTC 主席。 该领域的另一位知名女性领导者是 Jsquare 的创始合伙人 Joanna Liang，Jsquare 是一家专注于区块链和 web3 的技术型投资公司。Liang 曾担任专注于加密项目的全球风险投资公司 Digital Finance Group (DFG) 的首席信息官，最近她推出了 Jsquare 的最新基金——先锋基金。该基金已成功筹集 5000 万美元资金，首次投资于初创公司 MinionLabs。该基金将专注于加密领域的新兴技术，包括 PayFi、现实世界资产 (RWA) 和消费者应用程序。 劳拉·辛 (Laura Shin) 也是加密货币领域的知名人物，被公认为首批全职报道加密货币的主流媒体记者之一。她是《加密货币人：理想主义、贪婪、谎言和第一次加密货币大热潮的形成》一书的作者，也是播客《Unchained》的主持人。劳拉曾在 TEDx 旧金山和国际货币基金组织等活动中分享她的专业知识。 在过去 16 年中，女性在帮助加密资产在整个金融领域合法化方面发挥了重要作用。她们的贡献涵盖了生态系统的各个领域，帮助将加密货币从一种小众投机资产转变为一种更广泛认可和接受的金融工具。 阅读更多：Women-led SMEs leverage blockchain to bridge MENA and Sub-Saharan Africa | Opinion

加密货币市场显示出复苏迹象，以太坊重新攀升至 2,000 美元以上，而包括 Wormhole (W)、DIONE 和 Magnetix (MAG) 在内的几种山寨币在过去 24 小时内都实现了两位数的涨幅。 Wormhole (W) 在过去 24 小时内上涨了 41.7%，从 0.08551 美元的低点交易至 0.1218 美元。该代币的势头超出了每日时间范围，过去一周增长了近 40%。 来源：CoinGecko X 上的一位评论员指出，Wormhole 已经成为最活跃的互操作性网络之一，每天处理大约 20 万条消息和 4000 万美元的交易量。 该平台目前的总锁定价值（TVL）为 25 亿美元。 #Wormhole 目前是最活跃的互操作性网络之一，每天处理 20 万条消息和 4000 万美元的交易量，总锁定价值 (TVL) 为 25 亿美元。尽管 $W 已从 1.4 美元大幅下跌至 0.08 美元，但它仍有潜力……pic.twitter.com/jNVnTpv6Uu— JLPicard (@JLPicardd) 2025 年 3 月 19 日 尽管 W 此前已从 1.40 美元跌至目前的价格，但目前的趋势表明 Wormhole 最终可能达到 1.90 美元的目标。 观察人士指出，日线图上最近的 RSI 突破是一个积极的指标。 Wormhole 目前较其历史最高价 1.66 美元下跌了 92.8%。 你可能还喜欢：PancakeSwap 以每周 140 亿美元的交易量超越 Uniswap 成为领先的 DEX X 加密社区的另一位成员 gemxbt 也分享了 W 的看涨突破，并表现出强劲的积极价格走势。分析师确定关键支撑位在 0.0800 美元附近，阻力位在近期高点 0.1100 美元。 虽然 RSI 高于 70 表示可能存在超买情况，但 MACD 表明价格将继续上涨。 $w 的图表显示看涨突破，具有强劲的上行势头。关键支撑位在 0.0800 美元左右，而阻力位在近期高点 0.1100 美元。RSI 高于 70，表明超买状况，但 MACD 表明继续上涨势头。考虑进入……pic.twitter.com/fsZnEnvDim— gemxbt (@gemxbt_agent) March 23, 2025 另一个涨幅最大的货币是 DIONE，在过去 24 小时内飙升了 33.2%，从 0.002676 美元升至 0.003602 美元。 当前的反弹进一步巩固了 DIONE 的良好表现，过去一周该股上涨了 70%，过去 30 天内上涨了 95%。 价格走势与 DIONE 即将于 3 月 24 日至 3 月 28 日举行的“第 4 周 FOMO”活动相吻合。此活动在发布前引起了购买兴趣。 果汁值得榨🍊FOMO 明天开始。DIONE > BIGGER⚡️ pic.twitter.com/XaREGQ5FIc— Dione Protocol (@DioneProtocol) 2025 年 3 月 23 日 名单上的第三种代币是 Magnetix，在过去 24 小时内上涨了 25.5%，交易价格从 0.028 美元升至 0.03515 美元。 MAG近期表现尤为强劲，过去一周涨幅达150%。 基于 Solana (SOL) 的 meme 币最近出现在币安 100 大新加密货币榜单上。MAG 今天也创下了 0.03575 美元的历史新高，市值达到 3500 万美元。 https://twitter.com/MagnetixCoin/status/1902685975106531500 阅读更多：加密货币并购升温，Ripple 法律困境结束，Gemini 任命新首席财务官 | 每周回顾

How are analysts interpreting Bitcoin’s $97K consolidation against rising global debt maturity, ETF flow trends, and the uncertain direction of interest rates in the second half of the year? Table of ContentsCrypto mirrors the tension but charts its own pathGlobal trade system under pressureETF flows mask deeper trendsNo past model fits this cycleMarket awaits a catalyst Crypto mirrors the tension but charts its own path The mood across global financial markets has turned visibly tense. What began as a focused concern around central bank decisions has morphed into a broader wave of uncertainty, shaped by conflicting macro indicators, uneven growth data, and investor hesitation.  The reintroduction of U.S. tariffs under President Donald Trump’s administration has added another layer of friction. A particularly bold move, such as the 100% tariff on foreign films, has not only reignited trade war concerns but also signaled a shift back to protectionist rhetoric.  For investors who had grown accustomed to relative trade stability, this has raised new questions about supply chains, international cooperation, and the policy outlook heading into the second half of the year. Markets have already reacted. The S&P 500, which had gained steadily over the past few days, broke its streak as investors pulled back amid deteriorating macro signals.  In contrast, traditional safe-haven assets have seen rising inflows. Gold prices have edged upward, and Treasuries have gained traction again, a move often associated with risk aversion during economic softness.  Notably, the most recent GDP print disappointed expectations, while inflation has remained sticky around 3%, leaving the Federal Reserve in a difficult spot.  Rate cuts appear unlikely during Fed’s May 7 meeting, yet the tightening already in place may not be enough to shield against stagnation. Fed will announce its interest rate decision today.Markets pricing in a 95% probability that rates will be held steady pic.twitter.com/M0ZVOfQTZz— LANGERIUS (@langeriuseth) May 7, 2025 Jobless claims have begun ticking upward, and April’s CPI figures reflected consumer pressure that’s still far from easing.  The Treasury market’s absorption of a $42 billion 10-year bond sale is a notable development. It suggests institutional investors are repositioning for longer-term safety, likely preparing for potential policy missteps or a downturn that could surface without much warning. Amid all this, the crypto market has found itself responding with its own brand of volatility. Bitcoin (BTC) reached an all-time high of nearly $109,000 in January, driven by ETF optimism, institutional inflows, and the broader narrative of crypto as a macro hedge.  But it wasn’t built on solid ground. Over the months that followed, BTC lost nearly 30% of its value before clawing back to around $97,000 as of this writing on May 7.  BTC price chart | Source: crypto.news BTC still remains a strong asset in terms of performance year-to-date, but the erratic price swings have forced both retail and institutional players to reassess their strategies. Let’s explore how current macroeconomic pressures, including recession risks, trade tensions, and monetary ambiguity are shaping investor behavior and what the coming months may hold for the crypto market. Global trade system under pressure A growing sense of macroeconomic fragility is beginning to shape investor expectations across asset classes. J.P. Morgan has placed the probability of a U.S. recession in 2025 at 60%, reflecting heightened concern over the systemic strain within the financial ecosystem. Treasury markets continue to flash warning signs. The inversion of the 10-year and 3-month yield curve remains persistent, a traditional signal of recession risk.  Compounding the situation is the approaching maturity of over $6.5 trillion in the U.S. Treasury debt, a volume that could pressure liquidity and challenge the government’s refinancing capabilities in an already uncertain interest rate environment. Charlie Hu, co-founder of Bitlayer, views this convergence of rising debt obligations and monetary policy uncertainty as a pivotal fault line in global capital markets. “There are approximately $6.5 trillion USD worth of Treasury bonds approaching maturity in the coming months. The economic slowdown is putting pressure on the Fed’s interest rate and monetary policy decisions.” He adds that a prolonged period of elevated rates, coupled with the urgency to refinance, could rattle investor confidence. “If the market continues to experience high interest rates alongside a large volume of maturing debt that needs refinancing, the U.S. government will be forced to address the situation carefully — striking a balance between managing high inflation and high debt levels, the two biggest metrics influencing capital flow and investor behavior in global markets.” This mounting pressure extends beyond the U.S. economy. The International Monetary Fund has issued repeated warnings about trade protectionism and retaliatory tariffs, labeling them as headwinds for global growth.  Recent policy actions have disrupted established supply chains, slowing cross-border trade and weakening the short-term outlook for export-heavy economies. Amid these developments, the divergence between economic systems and behavioral responses has become more visible. Christian, founder of Infini, believes the disconnect is structural rather than cyclical. “We’re seeing three core dislocations: one, the cost of capital has reset higher but consumer and government behaviors haven’t fully adjusted. Two, global supply chains are attempting to regionalize under nationalist pressures, yet our systems are still priced for globalization. And three, fiat confidence is eroding slowly, but the alternatives, digital or commodity-backed systems, haven’t matured enough to absorb that flow.” Parallel concerns are surfacing around liquidity vulnerabilities. Tracy Jin, COO at MEXC, points to emerging fragilities in the bond market that could seep into broader risk asset pricing, including crypto. “We’re closely monitoring a synchronized bond sell-off across US and emerging markets, especially the ones triggered by either sticky inflation or a fiscal credibility crisis.” She notes that such scenarios, if left unchecked, could lead to a contraction in global liquidity and reduce the appetite for speculative assets. ETF flows mask deeper trends While traditional markets continue to react to inflation prints and central bank guidance, the crypto market is digesting a different cocktail, one that blends rising institutional interest with noticeable retail hesitation.  The gap between these investor classes is becoming increasingly evident, especially when viewed through the lens of ETF participation, derivatives trends, and sentiment data. The Crypto Fear & Greed Index fell into “Extreme Fear” territory in April, typically a bearish signal. Yet Bitcoin defied this mood and climbed back toward $98,000.  This dissonance between sentiment and price has puzzled retail investors but, according to Jin, can largely be explained by the nature of capital flows. “As Bitcoin approached $96,000, it underscores the bifurcation between sentiment and capital flows. ETF inflows from institutional channels have been a powerful counterforce to retail anxiety.” She believes that much of the current turbulence is driven externally rather than from within the crypto ecosystem. “We estimate that 60% of the current volatility can be accounted for by macro uncertainty, central bank ambiguity, and geopolitical risks. The rest can be accounted for from crypto-native elements, including miner capitulation post-halving and leveraged positioning in altcoins.” The mechanics of ETF flows themselves have added to the confusion. Greco argues that ETF activity tends to reflect market moves rather than anticipate them, often introducing a timing lag that distorts real-time analysis. “ETFs tend to mirror the broader market trend. During sharp declines, we typically see outflows, while strong rallies attract inflows. Many ETF products settle on a T+1 basis, meaning the reported flows usually correspond to the previous day’s activity.” From his perspective, institutional flows act more as accelerators of existing direction rather than as early indicators of reversal or breakout. Retail behavior, meanwhile, remains deeply reactive. Michael Cameron of Vanilla Finance highlights how crypto’s unique structure amplifies volatility during uncertain macro periods. “Crypto’s high liquidity makes it a prime target for rapid sell-offs during economic stress. Unlike real estate or bonds, cryptocurrencies can be sold instantly on exchanges, amplifying downward price movements. Whales are buying dips, and a dovish FED or softer CPI could spark a rebound.” Across the board, investors are parsing mixed signals. Institutional inflows may stabilize markets temporarily, but without clearer macro direction, both camps remain on edge, interpreting every data point, Fed speech, or CPI surprise as a possible turning point. No past model fits this cycle As recession probabilities rise and market uncertainty deepens, the question resurfaces, is crypto still a hedge, or has it been absorbed into the broader risk asset complex? Jin believes Bitcoin’s growing institutional base may support a more nuanced response than a simple correlation or detachment from traditional markets. “Bitcoin’s leverage lies in its maturing investor base, especially institutional participants via ETFs. As they could offer a partial buffer, we may see a nuanced decoupling. Broader equities could suffer a sharp pullback but Bitcoin could act less like a tech stock and more like a high-volatility hedge, especially if rate cut expectations increase.” While that interpretation allows for divergence under certain macro scenarios, others remain doubtful of a clean break. Greco points to the increasing overlap between crypto and traditional finance, driven by institutional adoption, as evidence that both systems are now deeply intertwined. “The general macro trends are usually similar. What really differs is the magnitude of the price swings between traditional finance and crypto, with the latter obviously experiencing much higher volatility in moments of high uncertainty. Looking at the past data point and the increasing commingling between the two markets, it looks unlikely that one sector might have a completely different pattern to the other.” Some argue that the framing of recession itself needs to be rethought. Christian suggests that Bitcoin should not be viewed as a counter-cyclical hedge, but rather as a monetary alternative built to respond to systemic failure. “A recession, in traditional terms, is a lagging indicator. But in first-principles terms, a recession is just a large-scale mispricing of risk and value, corrected through forced rebalancing. Bitcoin is what happens when a system opts out. It doesn’t need a soft landing — it is the hard alternative.” That framework gains sharper relevance when viewed through the lens of geopolitical shocks and prolonged policy failure. Cameron stresses that while Bitcoin may gain in the long term from failed monetary policy, it is not insulated from short-term market trauma. “The brief 2020 COVID recession saw crypto recover quickly due to stimulus and low rates, but a deeper, tariff-driven ‘Trumpcession’ could be different. Crypto has never endured a prolonged US recession since Bitcoin’s inception in 2009.” Market awaits a catalyst With the global macro backdrop still clouded by inflation, debt concerns, and geopolitical risk, market participants are shifting toward short-term caution while keeping one eye on longer-term opportunities.  Bitcoin has rallied nearly 25% over the past month, largely driven by institutional spot buying and ETF inflows. However, early signs of fatigue are beginning to show.  According to 10x Research, the Coinbase premium has dropped and funding rates have weakened, suggesting that momentum may be slowing.  The report notes that Bitcoin is now consolidating near the $95,000 level, with traders awaiting clearer signals from the Federal Reserve’s upcoming decisions. “This is not a time for blind risk-taking but tactical positioning with well-defined exposure,” the research states, advising investors to consider hedging strategies as volatility creeps back in. Cameron believes that while short-term weakness remains a concern, structural drivers continue to support long-term growth. He sees recession fears and ETF outflows contributing to current volatility, but also points to positive underlying trends. Jin echoes that sense of cautious optimism. She expects Bitcoin to remain in a wide range as the market digests policy and liquidity signals. “Bitcoin may trade in the $88,000–$100,000 range as the market digests macro signals and ETF flow data. Our year-end target remains cautiously bullish at $128,000, with the assumption of zero black swan event.” Still, visibility remains limited. Greco describes the current price zone as crucial. “The market is currently sitting at a crucial level that could shape sentiment over the coming weeks. A decisive break above the $94,000–$95,000 range could restore confidence in a sustained bullish trend.” However, he stops short of any definitive forecast, noting that the cycle has already deviated from historical patterns. “This one has already broken precedent by reaching a new all-time high before the halving, something never seen before.” Christian suggests that the dominant market variable going forward may not be rate decisions or inflation data, but trust. “The key variable now isn’t earnings or even rates. It’s trust. Trust in sovereign debt, in fiat, in central bank forward guidance. That trust has been bleeding.” He sees Bitcoin and stablecoins as systems increasingly filling the vacuum left by waning institutional credibility. As crypto enters the next phase of its market cycle, clarity will likely hinge on central bank action, global liquidity conditions, and the durability of institutional flows. In the meantime, the market remains in a holding pattern.  Summing it all up, risk is being recalibrated, conviction is being tested, and capital is watching for the next signal to move. Amid such fragile conditions, trade wisely and never invest more than you can afford to lose.

尽管恐慌性抛售导致比特币价格跌破 80,000 美元，但希望利用潜在机会的鲸鱼已积极积累了超过 65,000 个 BTC。 3 月 11 日，当比特币 (BTC) 在 80,000 美元大关附近挣扎时，链上数据和分析平台 CryptoQuant 分享的详细信息显示，被称为鲸鱼的大型持有者在过去一个月一直忙于低价购买。 CryptoQuant 的链上数据表明，尽管抛售压力让小持有者陷入困境，但比特币巨头在过去 30 天内利用 16% 的回调积累了超过 65,000 个 BTC。 https://twitter.com/cryptoquant_com/status/1899464577966018585 BlockTrends 研究主管兼链上分析师 Cauê Oliveira 指出：“虽然这并不意味着对短期价格产生立竿见影的影响，但它已经显示出矿工和交易所以外的大型参与者的吸收。” 未来几周这种增持模式的延续将预示着大股东的上行需求。鲸鱼式买入往往预示着看涨前景，而近期，鲸鱼式买入与去年 11 月和 12 月牛市周期前出现的增持如出一辙。 然而，下行趋势可能尚未结束。随着 BTC 下跌，比特币矿工面临越来越大的抛售压力。 在创下 10.9 万美元的历史新高后，比特币一直在努力应对下行压力。关键反弹在供应重新加载区域停滞，包括心理价位 10 万美元。这种疲软使矿工变成了“被迫卖家”，加剧了下行轨迹。 你可能还喜欢：由于成本上升挤压盈利能力，矿工被迫出售比特币 由于市场对关税和其他事态发展反应消极，分析师表示比特币可能会进一步下跌。值得注意的是，比特币已重新测试低于 78,000 美元的支撑位，如果跌至 75,000 美元以下，可能会出现惨败。 BitMEX 联合创始人兼前首席执行官 Arthur Hayes 表示，这一旗舰加密货币可能会重回 7 万美元区域。他指出，这将意味着比特币价格较历史高点下跌 36%。 尽管如此，海耶斯仍然看好长期走势，认为抛售是增持的机会。但投资者可能需要保持耐心。 Hayes 在 X 上发帖称：“交易员会尝试逢低买入，如果你更厌恶风险，那就等待央行放松货币政策，然后部署更多资本。你可能无法触底，但你也不必在长期横盘整理和潜在未实现损失中承受精神上的痛苦。” 美国东部时间3月11日上午11点40分，比特币交易价格在81220美元左右，较盘中低点76780美元略有回升。 阅读更多：特朗普对加拿大钢铁和铝征收关税后，比特币再次下跌 4%