Arbitrum DAO 在最新财政举措中向代币化 RWA 投入 1550 万美元

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 crypto industry has evolved since Satoshi Nakamoto introduced Bitcoin (BTC) in 2009. The revolutionary innovation that birthed Bitcoin also paved the way for countless altcoins. While Bitcoin has retained its dominance and uniqueness over the years, the growing number of altcoins has changed how investors view the crypto market. You might also like:Transitioning to a divine economy: A vision for a new civilization | Opinion There was a time when altcoins felt like the next big thing. During the 2017-2018 ICO boom, developers focused on utility, and the total number of tracked altcoins hovered around 3,000. Today, data from CoinMarketCap reveals a staggering figure: over 13 million altcoins now exist. With that, established projects, like Solana (SOL), have become the go-to blockchains for memecoins, because creating a memecoin is now as simple as posting a meme. Projects once drove crypto adoption through white papers and tech promises, but now, in a crowded market, attention is the scarcest resource. The quantity crisis: Too many coins, too little value While the official altcoin count is 13.24 million, the actual figure likely exceeds 36 million. In theory, such explosive growth could signal a thriving ecosystem if these tokens delivered real value. Yet, most of the assets in circulation are born out of the lingering memecoin mania. As part of the industry’s evolutionary trend, there has been a shift from a core dev focus to building new products. Today, protocols have solutions for users to launch their tokens with just a few clicks, resulting in a new wave of largely unvetted assets. The crypto industry remains plagued by an old problem—oversaturation. Countless creators treat token launches as get-rich-quick schemes. Most tokens gain relevance based on short-lived hype and lose it shortly after launch. Previous altcoin eras have driven technological breakthroughs, with altcoins, like Ethereum (ETH), ushering in a new generation of composable layer-1 solutions with functional smart contracts. This enabled developers to build the foundational applications that gave rise to decentralized finance and non-fungible tokens. Historically, tokens from innovative projects delivered value. This is no longer the case, as too many speculative assets have overshadowed true builders in the industry today. Narrative control, memes takeover The cryptocurrency ecosystem has many layers of stakeholders that keep the industry functional today. In its formative years, venture capital firms played a crucial role by selectively funding projects with strong product-market fit. In the early days of altcoins, VC endorsement served as the gold standard for project credibility, with retail investors closely following these market movers. Today, the crypto industry is undergoing a major shift—away from purely technical development and toward influencer-driven marketing and community-led growth. Now, projects often skip traditional VC funding and go straight to communities via DAOs and viral Telegram or Discord groups.  There’s no denying that this trend creates a major concern for the industry, as altcoins hold a distinct position in web3. This year, as much as $70 billion is set to be unlocked from vested altcoins, further diluting the market valuation. In contrast, Bitcoin ETF inflows have reached just $40 billion, a classic case of massive supply and weak demand. Since most technical advancements target mainstream crypto users, it becomes challenging for altcoins with strong fundamentals to compete against memecoins offering instant gains. One may argue that unless meme coins stop consistently outperforming utility-driven altcoins, the market’s true valuation will be dominated by unsustainable assets with fleeting lifespans.  With influencers—with their engaged audiences—cutting through the noise faster than any code commit, it’s easy to dismiss this as a distraction, a sign that crypto has lost its way. But what if the opposite is true? What if the hype isn’t replacing development—it’s funding it by bringing liquidity, users, and attention? Influencers will claim the market soon Indeed, any enduring innovation must be built on strong fundamentals, and crypto is no exception. Despite the observable trend of altcoin dominance, the ETH/BTC ratio signals a shift worthy of note.  This ratio is a multi-year low, indicating low confidence in altcoins compared to Bitcoin. This signals a broader retreat from risk assets and a return to fundamentals. As altcoins gradually lose relevance, the entire ecosystem—including builders and investors—needs to adapt strategies accordingly. As key drivers of crypto’s evolution, altcoins will ultimately see a focus shift to projects with sustainable revenue models and engaged communities. Attention is becoming as important as the tech itself. Projects can’t just build in a vacuum anymore—if they want to last, they need to figure out how to connect with people and grow real followings around what they are doing to keep them invested, both literally and emotionally. Builders who leverage this transition—shifting dominance from traditional VCs and exchanges to those who shape narratives and mobilize supporters—effectively, will find themselves operating in a more capable ecosystem. They will be defining which tokens thrive and which disappear in a sea of forgotten assets. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Read more:Tokenization won’t take off without a reality check | Opinion Forest Bai Forest Baiis the co-founder of Foresight Ventures, a Web3 investment firm shaping the future of blockchain through bridging collaborations East and West. At the forefront of fostering global innovation, Forest has spearheaded Foresight’s support for groundbreaking projects such as Aptos (APT), TON, Morph, and Sei Network (SEI). A graduate of Tsinghua University, Forest combines a deep understanding of finance with a forward-looking approach to technology. With over a decade of venture capital and entrepreneurial experience, he is widely recognized for his ability to identify transformative opportunities and guide startups toward global success. Forest’s philosophy extends beyond financial investments. He is a trusted voice in the web3 community, offering insights into innovation and shaping the future of decentralized finance.

韩国金融监管机构已承诺发布机构加密投资的明确规则，并将从 4 月开始分阶段推出。 韩国金融服务委员会正在推进允许机构投资者进入加密货币市场的计划，副主席金素荣表示，政府正在制定一个超越现有用户保护法的“两阶段加密货币监管框架”。 在 3 月 12 日与当地加密行业专家的会议上，金墉还透露，该计划包括稳定币规则和代币证券的法律结构，并补充说，在美国总统唐纳德·特朗普推动加密全球化之后，当局正在“加快步伐以适应全球监管趋势”。 金融监督委员会此前于 2 月公布了企业参与加密货币市场的路线图，旨在逐步开放市场。现在，金表示，企业参与加密货币市场“不仅仅是改变法律，还要改变实践”，呼吁采取最佳实践来建立健康的市场。 你可能还喜欢：据报道，韩国央行将开始对 10 万名消费者进行 CBDC 测试 一个工作组将起草详细的指导方针，并为参与者提供不同的时间表。Kim 表示，非营利组织和加密货币交易所将在 4 月前获得指导方针，而上市公司和专业投资者将在第三季度前获得指导方针。 今年 3 月早些时候，金融情报部门表示，计划与金融监管局和金融机构合作，成立一个联合应对小组，专门处理威胁公共生计的反洗钱犯罪，特别是加密货币犯罪。据 crypto.news 报道，当局还将根据反洗钱犯罪的脆弱性、媒体报道和行业要求，向选定的某些行业参与者发出警告。 阅读更多：韩国成立官方加密犯罪起诉部门

Ethereum’s total value locked dropped 27% to $97 billion in February, as the broader decentralized finance sector fell from $217 billion to $168 billion amid liquidity outflows. Decentralized finance‘s total value locked fell by nearly 23% in February, dropping from $217 billion to $168 billion as market volatility, liquidity shifts, and capital outflows pressured key protocols, says DappRadar’s analyst Sara Gherghelas. In a recent research report, Gherghelas pointed out that Ethereum (ETH), which holds nearly 60% of DeFi’s liquidity, saw its TVL fall 27% to $97 billion in February. The decline was mainly due to lower liquidity in liquid staking protocols, the analyst notes. However, despite the decline, Ethereum’s dominance in this area “remains unchallenged,” per Gherghelas. TVL of the top networks | Source: DappRadar Solana (SOL) 在 2 月份遭受了最大损失，其 TVL 下降了 30% 以上，至 154 亿美元。DappRadar 分析师表示，此次下跌是在 1 月份表现强劲之后发生的，可能是由于“获利回吐和流动性向更稳定的 DeFi 环境迁移”所致。除此之外，加密货币交易所 Jupiter 和 Raydium 等基于 Solana 的主要平台的活动也放缓了。 数据显示，虽然大多数主要区块链都面临挑战，但 Berachain (BERA) 成为少数赢家之一，总锁定价值 (TVL) 达到 50.5 亿美元。 “该链的崛起得益于其流动性证明模型，该模型通过利润丰厚的流动性质押和收益耕作激励吸引了用户。尽管市场普遍下跌，但用户仍在寻求高回报，Berachain 将自己定位为不断发展的 DeFi 领域的关键参与者。” 萨拉·格尔盖拉斯 你可能还喜欢：Ethereum’s Pectra upgrade on Sepolia encounters issues BNB Chain (BNB) saw a smaller drop of 11%, helped by stablecoin trading. Meanwhile, TRON’s (TRX) TVL fell 29%, likely due to weaker demand for Tether’s (USDT) transactions. Aptos (APT) was also one of the rare gainers, increasing its TVL by 6% to $1.83 billion. 以太坊的 TVL 下降之际，主要加密货币的期货未平仓合约也大幅下降。据 crypto.news 报道，交易员已开始减少多头仓位，由于对贸易战和美联储强硬立场的担忧，期货未平仓合约下降。Matrixport 分析师认为，许多交易员正在等待更明确的信号，然后再重新进入市场。 即将进行的 Pectra 升级旨在改善网络功能和费用效率，虽然可能会带来短期提振，但目前尚不清楚这些升级是否足以扭转 DeFi 活动的下滑。 阅读更多：Crypto.com 加入 CF Benchmarks，增强比特币和以太坊指数

经历惨烈的抛售后，比特币和以太坊重新活跃起来。随着特朗普暂停对加拿大和墨西哥征收关税，乐观情绪重新回到市场——反弹会持续吗？ 在 2 月 1 日美国总统唐纳德·特朗普宣布征收关税引发的大幅抛售之后，加密货币市场出现强劲反弹。 在美国对加拿大、墨西哥和中国征收关税后，比特币（BTC）、以太坊（ETH）和更广泛的数字资产市场遭受重创，但加拿大和墨西哥的贸易限制暂时停止，此后引发了新的乐观情绪。 在特朗普宣布关税后，BTC 于 2 月 3 日跌至 91,200 美元的低点，但随后大幅回升，截至 2 月 4 日交易价格约为 101,000 美元，过去 24 小时内上涨了 7%，但周环比仍下跌近 2%。 ETH 一度跌至 2,460 美元，但随后反弹势头强劲，在过去 24 小时内上涨近 10%，至 2,800 美元，但仍比一周前低 12%。 据 CoinGecko 称，更广泛的加密货币市场也紧随其后，总市值在过去一天飙升 8.5%，达到 3.43 万亿美元。 投资者情绪也变得积极，加密货币恐惧与贪婪指数已回升至 72，表明市场已转向“贪婪”，此前在崩盘期间，该指数因恐惧而跌至 44 的低点。 你可能还喜欢：以太坊价格使关键看涨模式失效，出现红色警报 关税担忧和市场紧张 抛售始于 2 月 3 日，当时特朗普下令征收新关税，给包括加密货币在内的金融市场带来冲击。 该协议包括一项 13 亿美元的安全计划、任命一名芬太尼专员以及加强美加边境。 墨西哥也采取了类似的举措，总统克劳迪娅·谢因鲍姆确认将暂停征收关税一个月，以加强两国之间的陆地边界协议。 这绝对是疯了：贸易战爆发仅 48 小时后，特朗普总统就与加拿大和墨西哥达成了协议。其中包括两国部署 10,000 名人员监视边境并减少毒品贸易。 特朗普下令成立美国主权财富基金，其中提到了加密货币吗？ 人工智能、全球市场和加密货币的波动性 虽然最新的关税战引发了近期的市场动荡，但由于另一个事态发展，加密货币价格上周已经处于不稳定状态。 中国公司DeepSeek发布新的人工智能模型引发了人们对非美国人工智能公司不断增强的能力的担忧，从而影响了全球科技市场。 再加上对关税的担忧，导致加密货币在反弹之前出现大量清算。

中国人工智能初创公司DeepSeek一夜之间崛起，引发人们担忧，凸显了美国人工智能和经济主导地位的潜在风险。 周一，美国股市和加密货币大幅下跌，比特币（BTC）跌破 100,000 美元大关，股市价值损失 1 万亿美元。 然而，全球最大的独立金融咨询公司之一 deVere Group 的首席执行官 Nigel Green 敦促投资者保持冷静。他在一份报告中指出，比特币与任何一家公司或国家的表现无关。 比特币的弹性 虽然英伟达等美国科技股的抛售可能是合理的，但比特币的运行不受这些因素的影响。 格林说：“比特币不受任何一家公司或国家表现的影响。相反，它的设计就是为了不受这些力量的影响。” 格林进一步将比特币描述为专为经济和地缘政治不确定时期设计的资产。 他说道：“它的运作不受国界和政策的限制，因此是动荡时期的安全港。” 他强调了比特币的去中心化、无边界和有限的特性，这使得比特币成为一种脱颖而出并吸引全球投资者的资产，因为它不“与任何一个政府或公司挂钩”。