特朗普接近组建加密监管团队 选定古尔德

如今，没有一个人没有听说过加密货币。关于它的讨论甚至已经达到了政府层面，几乎不可能不以某种方式参与其中。自 2024 年 11 月以来，我们几乎每天都会听说加密货币，几乎每天，我们都能看到有关它的大新闻。2025 年 1 月 23 日也发生了同样的事情，当时特朗普签署了有关加密货币和区块链的行政命令。 你可能还喜欢：重点是加强美国在加密技术领域的领导地位 | 观点 我们可以看到，随着全世界对代币化资产必要性的接受度和理解度不断提高，代币化资产正变得越来越受欢迎。行业预测显示，到 2030 年，代币化市场规模可能达到 50 万亿美元（甚至更高？）。2025 年将是这场革命的重要一年，这一点很难争辩。 为什么？让我们来一探究竟。 2025 年：预期的监管转折点 我们都知道，唐纳德·特朗普的到来在加密社区备受期待，因为他做出了多项支持加密的承诺。正如我已经提到的，在他就职后，我们已经看到了进展。首先是在美国证券交易委员会内成立了一个专门的加密工作组。 第二是签署了有关加密货币的行政命令，这是朝着加密监管迈出的更重要的一步。然而，重要的是要明白，目前还没有最终的规定，但它们正在形成过程中。人们对废除 SAB 121 有一些担忧，这是可以理解的，但与此同时，我们也看到了这个行业的民主化。 我相信我们很快就会看到明确的规定。知道什么是允许的，什么是不允许的，这一点很重要。这会给这个行业带来什么？很多。 首先，随着政界人士开始支持加密货币，更多的人可能会研究和采用它们。有了明确的监管，公众的信任将大大增强。 因此，明确规定什么是允许的、什么是不允许的，这将吸引更多投资者，因为他们会对公司的运营方式更有信心。但重要的是要记住，在监管方面，最重要的是找到监管与创新之间的平衡。我们已经有加密资产监管市场的例子，它告诉我们这并不那么容易。 然而，值得一提的是，代币化资产不仅仅是加密资产，它是一个更广泛的术语，涵盖以区块链上的代币形式数字化的实体资产或权利。因此，新法规也将使现实世界的资产受益，加速其采用，并提供在今年达到潜在 500 亿美元市场所需的信心。 鉴于这一切，有些人预计今年市场将大幅增长，但我认为这将是一个渐进的过程。至少应该如此。 2025 年哪些因素将塑造行业？ 2024 年发生了很多事情，而 2025 年将发生更多事情。当然，最重要的是将比特币 (BTC) 视为战略储备。事实上，这对行业来说是一个非常重要的时刻。政府对比特币作为价值存储手段表现出信心，这一事实正在增加机构投资者和散户投资者的信任和采用。 此外，1 月 23 日签署的行政命令还成立了总统数字资产市场工作组，该工作组将负责评估建立国家战略数字资产储备。虽然没有直接提到比特币，但现在还不能确定它是否会成为储备资产。无论如何，如果是任何其他数字资产，那也不错。 接下来是人工智能，这是目前最受关注的现象之一。它正在成为许多领域的强大推动力，代币化市场也不例外。这其实并不奇怪，因为人工智能驱动的投资组合管理可以让散户和机构投资者更容易获得代币化资产。它可以优化投资策略，最大限度地降低成本，并在资本市场提供新的机会。 2025 年预测 随着各国政府越来越多地探索代币化，代币化债务工具也可能变得流行。例如，G20 报告强调，代币化政府债券可以为透明度和运营效率建立新的标准。这实际上可以重新定义公共资金的全球管理和交易方式。 接下来是人工智能（是的，关于它的讨论确实没有停止）。行政命令也没有抛弃人工智能。唐纳德·特朗普曾提到，人工智能具有为国家经济赚钱的巨大潜力。我们再次看到了支持。 区块链人工智能技术具有如此巨大的潜力，其使用不会停止，预计到 2025 年将达到 7.03 亿美元。用于创建数字资产的智能合约有望简化财务流程，每年可能为全球基础设施成本节省 150 至 200 亿美元。 人工智能和代币化也可能导致新资本市场和小型企业的出现，这反过来会扩大投资者的机会并简化各种金融工具的获取。 2025 年，我们可以期待 DeFi 与 TradFi 更好地融合，让企业能够进入金融服务和私人市场。事实上，之前有很多关于将 DeFi 与 TradFi 连接起来的讨论，而 RWA 非常适合。有趣的是，房地产、商品和艺术品的代币化将变得更加流行。它将允许将所有权划分为可交易的部分，并增加这些市场的可访问性。 纵观全文，很明显，机构投资者的参与已经发生并将继续发生许多好的变化，对吧？因此，如果 2024 年主要是对代币化资产的投资年，那么 2025 年可能更多地关注它们的实际用途。这可能会永远改变各国的贸易方式。 更广泛的影响 安东·恰辛 安东·恰辛是私人金融科技集团 N7 Capital 的创始人兼首席执行官。N7 Capital 专注于开发创新金融科技解决方案，涉足金融科技、银行、IT、电子商务、区块链和数字资产。Chashchin 先生是一位经验丰富的投资者、顾问、慈善家和有远见的商业领袖，拥有超过 15 年在欧洲和全球推动创新项目的经验。Chashchin 先生为商业领袖董事会提供增长战略、运营扩展、资金指导和先进金融技术方面的建议。

Sony’s blockchain Soneium is launching a joint campaign with Square Enix’s on-chain game SYMBIOGENESIS to provide NFT rewards on two major Soneium games. According to a press release sent to crypto.news, Square Enix’s narrative-led blockchain game becomes the latest gaming IP to collaborate with Soneium to launch its cross-game campaign. The initiative brings together three different gaming worlds through shared quests that players can take part in to earn unique collectibles. As part of the campaign, players must complete a limited-time quest within the main game in order to participate in a lottery to earn an NFT collectible hosted on Soneium. The collectible provides users with in-game benefits on two other blockchain-based games linked to Soneium: Sleepagotchi and Evermoon. Dubbed as a “flagship web3 entertainment project,” SYMBIOGENESIS is an on-chain game that combines interactive storytelling mechanics, NFT ownership, and an immersive experience. Consisting of six chapters, players can collect up to 10,000 character NFTs, unlock episodes, and progress through the game’s story. SYMBIOGENESIS players must complete chapters one through four as part of the main story epilogues by May 31 in order to earn unique NFTs. Each NFT unlocks new content in the game’s narrative and choices shape the gameplay progression. These NFTs also grant the player exclusive community mission benefits and surprises buried within Evermoon and Sleepagotchi gameplay. Square Enix’s SYMBIOGENESIS collaborates with Soneium to launch cross-game NFT rewards, May 8, 2025 | Source: Soneium x SQEX You might also like:Animoca Brands partners with Soneium to develop new identity layer Anime ID Evermoon is an on-chain interactive game with fast-paced 5v5 battles, interoperable NFTs, and DeFi rewards built on Soneium. Through the Evermoon x SYMBIOGENESIS joint campaign, players can unlock limited-edition digital stickers with perks like profile customization and other rewards for gamers. Not only that, NFT holders can also receive early access to Evermoon’s Beta and future game launches. On the other hand, Sleepagotchi is a LITE game with a mini-app on LINE and over 1 million users on Telegram within its first month. The game grants players rewards through daily habit loops. Through the SYMBIOGENESIS campaign, players can earn Sleepagotchi boosters and a chance to unlock the Epic Rarity One-Horned Dragon character that is only available to SYMBIOGENESIS quest participants. As previously reported by crypto.news, Soneium first launched Sleepagotchi LITE in mid-March as part of its collaboration with the messenger app LINE to launch a series of on-chain mini-apps. Aside from Sleepagotchi LITE, the collection of web3 mini-apps included Telegram-native Farm Frens, Moonveil-spawned Puffy Match and the RPG social strategy game Pocket Mob. Read more:Soneium gears up to launch blockchain mini-apps for 200M LINE users

Coinbase filed an amicus brief in a U.S. Supreme Court case involving crypto and potential IRS privacy violations. In a case challenging the Internal Revenue Service’s handling of user crypto data, Coinbase was the latest to weigh in. On April 30, the exchange filed an amicus brief to the U.S. Supreme Court in the Harper vs IRS case, advocating for more privacy protections when it comes to crypto transactions. Back in 2016, the IRS requested data on 14,000 of Coinbase’s customers, in an attempt to find any evidence of tax evasion. The agency relied on the third-party doctrine, which states that once users voluntarily share data with a third party, like a crypto exchange, they forfeit their privacy protections. In response, Bitcoin researcher James Harper sued the IRS in 2020, accusing it of overreach. Supreme Court should redefine privacy protections: Coinbase In its brief to the Supreme Court, Coinbase argued that this doctrine is outdated, especially when it comes to crypto transactions. Notably, Coinbase believes that crypto exchanges are more similar to platforms than crypto custodians. Instead of broad searches, the IRS should have probable cause when it comes to requesting information. You might also like:Coinbase calls for policy change to let SEC workers hold crypto “The John Doe summons that Coinbase resisted and that led to the government’s acquisition of Harper’s personal and financial information was not only unlawful. It was unprecedented in its sweep. The summons targeted 14,355 Americans. The IRS did not have particularized reasonable suspicion that a single one of them was evading his or her tax obligations,” Coinbase The Supreme Court is the highest court in the U.S. and one that has unparalleled influence on the legal system. Any ruling it makes automatically becomes legal precedent, and both the courts and the executive branch have to abide by it. If the Supreme Court sides against the IRS in this case, its ruling would fundamentally change the government’s powers when it comes to protecting user privacy. Read more:Coinbase calls on remaining US states to drop confusing staking lawsuits

DekaBank 已与 Boerse Stuttgart Digital 合作，为机构投资者推出加密货币交易服务。 此次合作使 DekaBank 能够利用 Boerse Stuttgart Digital 受监管的经纪和托管基础设施，确保安全、合规地进入加密货币市场。 此次合作是继 Boerse Stuttgart Digital Custody 最近获得欧盟加密资产市场框架批准之后达成的。MiCA 提供的监管明确性使 DekaBank 等金融机构能够将数字资产整合到其服务产品中，同时保持严格的合规标准。 DekaBank 是德国金融领域的重要参与者，也是 Sparkassen 集团的一部分，已获得欧洲中央银行和德国金融监管机构 BaFin 颁发的加密货币托管许可。 你可能还喜欢：狗狗币百万富翁正在购买这种前景光明的山寨币，以获得巨额收益 这项新服务仅向机构客户提供，零售客户访问权限仍在 Sparkassen 集团内部讨论中。 董事会成员 Martin K. Müller 表示：“DekaBank 拥有必要的经验、所需的许可证以及经过测试且可立即使用的基础设施。” 此举反映了欧洲机构采用加密货币的增长趋势。 随着监管框架的健全和机构兴趣的不断增加，主要金融参与者正在逐步将数字资产融入传统金融。 你可能还喜欢：Rexas Finance 价格预测：RXS 能否实现其预售炒作？

比特币 2025 年的发展势头有多少是由基本面驱动的，又有多少是由不再提供可靠方向的宏观系统驱动的？ 目录政策紧缩导致增长脆弱Political pressure meets market stressCrypto moves up the macro ladderStructural rotation is underway Fragile growth amid policy tightropes The global economy in 2025 is walking a tightrope. The deliberate reengineering of trade rules by the U.S. has created a new layer of uncertainty, making global markets more volatile and less predictable. 在特朗普总统的领导下，华盛顿大规模提高关税实际上改写了后全球化时代的剧本。这些变化重新引发了人们对潜在经济衰退的担忧，迫使各国央行、企业和政策制定者不断重新调整策略。 高盛预计，仅今年一年，美国实际关税税率就将上涨约16个百分点。这听起来像是技术上的调整，但其实际后果已然显现。 高盛目前预计美国 GDP 增长将大幅放缓，并将其对 2025 年的预测下调至 0.5%。未来 12 个月出现经济衰退的可能性已飙升至 45%。 与此同时，失业率预计将攀升至4.7%，核心PCE通胀率可能升至3.5%。经济增长放缓加上持续的通胀，使得政策制定几乎没有犯错的余地。 为了缓解影响，美联储预计将进行三次降息，分析师称之为“预防性降息”。然而，美联储必须在不重新引发通胀的情况下缓解劳动力市场压力，在全球经济环境如此脆弱的情况下，这项任务变得更加艰巨。 Japan is already feeling the spillover. As an export-heavy economy, it is particularly exposed to disruptions in global trade. Slower external demand and increasingly cautious corporate investment have dragged down Japan’s growth prospects.  Forecasts now put its GDP expansion at just 1.0% in 2025 and 0.7% in 2026. The Bank of Japan, which had been preparing to raise interest rates, may be forced to delay those plans if a U.S.-led recession begins to unfold.  欧洲也处于类似的重新调整状态。高盛已将欧元区经济增长预期下调至 0.7%，同时还降低了通胀预期和欧洲央行终端利率预期。 受全球需求疲软和持续的金融紧缩影响，英国的经济前景也不容乐观。 在新兴市场，类似的说法在各个地区都有所体现。中国2025年的增长预期已下调至4.0%。更令人震惊的是，通胀可能转为负值。虽然预计会进一步降息，但这可能无法抵消关税和大宗商品价格下跌带来的更广泛拖累。 其他发展中经济体，尤其是拉丁美洲、中欧和亚洲部分地区，也在下调预期。对其中许多国家而言，金融环境收紧和全球需求萎缩已成为决定性障碍。 正如诺贝尔奖得主保罗·克鲁格曼所言，“导致经济衰退的并非政策转变的规模，而是政策转变所带来的不确定性。而目前，政策逆转实际上可能会使情况恶化，因为它们会加剧不确定性。” 那么，这一切对于2025年的资本市场、投资策略以及加密货币行业意味着什么呢？让我们来探讨一下。 政治压力遇上市场压力 股票市场开始出现明显的紧张迹象，这不仅是因为关税本身，还因为经济政策的混乱感日益增强。 4月21日，标准普尔500指数下跌2.4%，纳斯达克指数下跌2.6%，道琼斯指数暴跌近1000点，抹去了前一周的所有涨幅。此次回调并非由任何单一事件引发，而是多重风险以令人不安的方式交织在一起的结果。 The first pressure point is the Trump administration’s tariff decisions. A 145% import tax on Chinese goods has reignited tensions with Beijing, prompting global investors to reevaluate supply chain exposure, manufacturing costs, and long-term earnings assumptions.  In turn, China has issued strong warnings, threatening retaliation against any country that aligns with U.S. trade terms it deems harmful. This tit-for-tat tone has reintroduced an element of strategic risk that goes beyond pure economics. Further compounding the situation is the widening rift between the White House and the Fed. Chair Jerome Powell recently acknowledged that the latest wave of tariffs could push inflation higher while slowing growth, a difficult combination that limits the Fed’s policy flexibility.  但特朗普总统的回应方式却进一步加剧了动荡。 近日，特朗普公开称鲍威尔为“大输家”，并重申应立即降息的观点。他甚至表示，鲍威尔的“下台还不够快”。 据报道，白宫正在幕后积极探索通过法律途径，在鲍威尔任期结束前将其免职。这引发了人们对美联储长期以来的独立性可能面临风险的担忧。 其影响已波及股市之外。截至本文撰写时，追踪美元兑一篮子主要货币汇率的美元指数已从上周的 99.38 跌至 98.52，创三年来的最低水平。 虽然美元走弱通常会支撑出口和企业盈利，但这种下降似乎反映出人们对美国宏观政策的一致性和可信度的更深层次的担忧。 Bond markets, too, are reacting. The yield on the 10-year Treasury note has climbed to 4.38% from 4.33%, continuing an upward trend this month.  This suggests that investors are selling off long-dated government bonds, either in anticipation of rising inflation or as a defensive move against the risk that the Fed could be pushed into premature rate cuts under political pressure. 与此同时，金价悄然飙升至历史新高。金价一度突破每盎司 3,500 美元，截至 4 月 22 日稳定在 3,451 美元左右。在这样的环境下，传统风险资产和加密货币等另类资产的定位都可能发生变化。 加密货币在宏观层面上不断攀升 在全球股市开始出现裂痕之际，加密货币市场却悄然走上了一条不同的道路。截至4月22日，加密货币总市值已攀升至2.77万亿美元，高于4月9日贸易紧张局势首次升级时的2.40万亿美元，增幅约为15%。 推动此次复苏的一个主要因素是机构投资者对比特币（BTC）的兴趣重燃。根据SoSoValue的数据，4月21日，现货比特币ETF净流入3.814亿美元，较前一天增长逾250%，创下自1月30日以来的最大单日流入量。 然而，这种信心并未延伸至以太坊（ETH）。与比特币的上涨势头形成鲜明对比的是，以太币现货ETF当天录得2542万美元的净流出，这是连续第八周出现净流出，自这一趋势开始以来，总流出金额已接近9.1亿美元。 Bitcoin’s growing dominance is also reflected in its price action. Despite turbulence in equities, Bitcoin has continued to build on its gains, crossing the $90,000 threshold as of this writing and trading at $90,600 levels. Meanwhile, BTC’s market cap has returned to levels above $1.80 trillion, a milestone not seen since late March.  BTC price chart | Source: crypto.news Ethereum’s path, meanwhile, is moving in the opposite direction. The ETH/BTC ratio has now dropped to 0.01787, a level not seen since Jan. 2020.  仅在过去24小时内，该比率就下跌了近5%，过去一个月更是下跌了24%。同比来看，跌幅更为显著，以太坊兑比特币的价值下跌了67%。截至本文撰写时，ETH的交易价格为1700美元。 本质上，尽管整体金融体系仍在与不确定性和政策风险作斗争，但比特币不仅在短期内成功与股市脱钩，还保持了上涨势头。更广泛的加密货币市场正在慢慢迎头赶上。 结构性轮动正在进行 比特币的短期前景似乎正在从被动交易转向更具结构性的市场。目前形成的信号表明，2025 年的走势可能不再由日常风险情绪所决定，而是由流动性流动、政策应对以及投资者在日益不稳定的环境中如何定义对冲资产的更深层次的重构所决定。 宏观投资者 Raoul Pal 提出了尖锐的观点，美元需要贬值。不是通过突然贬值，而是通过渐进的、可控的贬值，以减轻持有大量美元债务的国家的还款压力。 Everyone needs and wants a weaker dollar to service their dollar debts. No one wants it to move too fast ( it blows up VAR) but they need it lower over next 12 months. This is the purest form of global liquidity and is the largest driver of global M2 currently. The US knows this…— Raoul Pal (@RaoulGMI) April 22, 2025 他表示，美元走软，尤其是受到广泛流动性扩张影响的美元走软，可能成为 2025 年资产重新定价的最强大催化剂。比特币将从中直接受益。 与此同时，债券市场也在施加自身的压力。正如宏观分析师托马斯指出的那样，10年期美国国债收益率近期升至4.5%，这已经重塑了政策预期。 两周前，美国国债市场迫使特朗普突然大幅调整关税。“特朗普看跌期权”似乎将达到美国 10 年期国债收益率约 4.5% 的水平。但尽管股市遭遇抛售，收益率现在又开始上升。I previously said that if 10-year… pic.twitter.com/1GmnO8jjrb— Tomas (@TomasOnMarkets) April 21, 2025 The Trump administration has reportedly softened its tariff tone in response, recognizing that persistent yield spikes could tighten financial conditions too sharply. If yields continue to climb, the need for either diplomatic trade progress or liquidity injections becomes more urgent. That liquidity could arrive in several forms. The Fed remains the obvious actor, but the U.S. Treasury is also in play. Its recent consideration of bond buybacks, aimed at improving liquidity in older securities, hints at a broader toolkit being quietly assembled.  Each of these levers increases the flow of capital, which could indirectly lift Bitcoin by boosting available liquidity across risk markets. Still, the economic undercurrent is weakening. Growth projections are being revised downward across the board. High-frequency indicators like the Citi Economic Surprise Index and real-time GDP trackers are rolling over.  更广泛的宏观形势并非强劲，而是动能减弱，这为降息打开了大门，或者至少是降息预期日益增强。 这种预期已不再与政治无关。特朗普已公开敦促美联储降息，此举或许不会决定最终结果，但无疑会影响投资者的预期。政治噪音正在成为宏观经济方程式的一部分，市场也做出了相应的反应。 与此同时，投资者行为也开始反映这种转变。正如 Axel Adler Jr 所指出的，钱包活动在过去十天里激增，预示着新一轮的增持。 新投资者已开始入市。过去10天的指标显示买入信号。在2021年中国矿场禁令后的市场调整以及之前6.5万美元水平的市场调整中，也观察到了类似的新投资者行为模式。反对… pic.twitter.com/TyUZRVOOIRB— Axel 💎🙌 Adler Jr (@AxelAdlerJr) April 22, 2025 He compares the current trend with early 2021, when similar inflows followed structural shocks like China’s mining ban and major price resets. This return of strategic buyers is happening just as the traditional macro playbook starts to break down. If the prevailing forces, slower growth, political pressure on monetary policy, soft liquidity maneuvers, and a weaker dollar persist through the second half of 2025, Bitcoin could see growing institutional alignment.  For now, the signals are subtle but telling. Capital is beginning to rotate, quietly and purposefully, and Bitcoin is once again part of the core conversation. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.