CryptoQuant 首席执行官：比特币牛市周期将持续，直到 ETF 大量流出

More than 3.7 million cryptocurrency tokens have failed since 2021, with nearly half of those collapses occurring during the Pump.fun-driven memecoin craze. Millions of tokens have failed since 2021, with nearly half of those collapses recorded in 2024 and early 2025, according to new research by crypto pricing platform GeckoTerminal. The number of dead tokens | Source: CoinGecko According to the research, a total of 1.8 million tokens failed in Q1 this year alone, making up 49.7% of all token failures recorded between 2021 and 2025. In 2024, nearly 1.4 million projects also went under, accounting for 37.7% of failures. Together, the two years saw most of the crypto market’s token shutdowns. “This sharp decline in token survivability may be linked to broader market turbulence, particularly following Donald Trump’s inauguration in January 2025, which coincided with a downturn in the crypto market.” GeckoTerminal You might also like:Over 50% of tokens listed on CoinGecko since 2014 have died, data shows The number of new crypto projects has also surged. For instance, just over 428,000 tokens were listed on crypto price aggregator platforms in 2021. By 2025, that number had jumped to nearly seven million. The researchers say much of this growth “can be attributed to the launch of Pump.fun, which simplified the process of creating tokens, leading to a flood of meme coins and low-effort projects entering the market.” Before Pump.fun launched in 2024, the number of project failures was significantly lower. From 2021 to 2023, failures remained in the low six digits. Combined, those three years accounted for just 12.6% of total token deaths, the data shows. GeckoTerminal explained that it defines “dead tokens” as those which are no longer actively traded, noting that only tokens that had “one trade or more” before going defunct were considered. Read more:Nearly 60% of coins listed on CoinMarketCap died in 2023, data shows

Ethereum’s next major upgrade, Pectra, is set for activation in early May 2025, bringing changes aimed at boosting scalability, improving user experience, and enhancing validator efficiency, according to Nansen.  Combining improvements to the execution and consensus layers, the upgrade builds on previous milestones, such as Shanghai and Dencun, according to Nansen analysis.  Pectra doubles the blob data capacity per block from three to six, with a maximum of nine, allowing Layer-2 rollups to post more transaction data at lower costs. At the same time, the gas cost for traditional calldata will increase, nudging developers toward blob usage to support Ethereum’s (ETH) long-term scalability path. You might also like:Fartcoin lets one rip with 500% rally, but rising wedge pattern may stink up May outlook Streamlined functionality Validator operations are also being streamlined. EIP-7251 raises the maximum stake per validator from 32 ETH to 2,048 ETH, allowing larger stakers to consolidate. Deposits and exits are now fully handled on-chain, cutting activation time from 12 hours to just 13 minutes, and simplifying withdrawals via regular transactions. From a usability standpoint, EIP-7702 introduces temporary smart contract functionality to externally owned accounts. This enables users to bundle actions, use custom signatures, or sponsor gas fees without converting wallets into smart contracts. Additional upgrades include lower-cost BLS cryptography support, extended block history for light clients, and the first phase of the EVM Object Format for cleaner smart contract coding. While not a radical overhaul, Pectra is expected to improve Layer-2 network performance, ease DeFi onboarding, and support more seamless interactions across dApps. Adoption will depend on wallet providers and developers, but the infrastructure changes are already in place. Ethereum developers have confirmed a hard fork for the first week of May, with no action required from end users. You might also like:Cardano founder withdraws trust from ETH; This viral altcoin kicks off stage 4 presale

区块链专家 Fiorenzo Manganiello 表示，欧洲央行可能在 2025 年开始积累比特币。 这一预测是在欧盟推出加密资产市场监管之后做出的，该监管旨在通过引入清晰的法律框架来稳定加密市场。 根据 crypto.news 分享的一份报告，LIAN Group 联合创始人兼日内瓦商学院教授 Manganiello 认为，MiCA 的监管清晰度将鼓励机构投资者进入市场，降低波动性并使比特币 (BTC) 作为金融资产合法化。 他认为，这种转变可能会延伸到中央银行，它们可能会开始持有比特币来对冲传统市场的不稳定。 “坦率地说，比特币的主导地位已经不容忽视，今年，我认为我们将看到一些欧洲央行开始建立货币储备，以期实现资产多元化，加强对传统市场波动的防御。毫无疑问，MiCA 规则将为欧洲加密货币领域注入新的活力。即使最传统的金融机构，如央行，也将被纳入其中。” 弗洛伦丝·曼根尼罗 MiCA 的影响 欧盟将于 2024 年底推出加密资产市场框架，为其成员国的加密行业建立统一的监管框架。 该倡议于 2023 年 4 月 20 日启动，当时欧盟议会通过了 MiCA，以应对快速发展的加密货币领域持续存在的挑战，例如欺诈、市场波动和投资者保护不足。 在 MiCA 出台之前，加密货币公司面临着各国法规的复杂局面。一些国家鼓励创新，而另一些国家则设置了重大障碍。MiCA 旨在用一套适用于所有 27 个欧盟国家的统一规则取代这种分散的方法。 Manganiello 表示：“随着 MiCA 向传统投资者保证，我们将看到不仅机构而且甚至中央银行也在考虑比特币。”

Authorities in Europe have dismantled a massive cryptocurrency-based money laundering network that moved over €21 million for criminal groups across China and the Middle East. According to a May 14 statement, Europol coordinated with Spanish, Belgian, and Austrian law enforcement in January to arrest 17 suspects accused of running a parallel banking structure. The operation followed earlier investigations into migrant smuggling and drug trafficking rings that reportedly relied on the group’s illicit financial services. The dismantled organization operated a hawala-style money transfer system, allowing clients to bypass formal banking channels. Europol described the network as “one of the most significant in this crime area”, which offered cash courier services and crypto-for-cash exchanges to criminal groups. Investigators found the group ran two core branches, with one targeting Arabic-speaking clients and another servicing Chinese networks. Spanish authorities said 13 property searches were carried out across multiple cities, including Madrid, Valencia, Málaga, Almería, and Cádiz. Of the 17 individuals arrested, 15 have already been jailed. Most of the suspects were of Chinese and Syrian origin. You might also like:Frankfurt authorities seize $38.2m from eXch due to money laundering allegations Among the seized assets were €183,000 in crypto (approx. $205,000), €206,000 in cash (approx. $230,700), and €421,000 across 77 bank accounts (approx. $471,500). Authorities also blocked 10 real estate properties worth over €2.5 million (approx. $2.8 million), confiscated 18 vehicles, four shotguns, and dozens of encrypted electronic devices. Additional luxury items included cigars valued at over €622,000 (approx. $696,600), branded handbags worth more than €230,000 (approx. $257,600), and high-end watches and wines. The group allegedly advertised its laundering services on social media, masking its operations as a legitimate remittance provider. Local media described the group as “the most powerful international organization” in its field. One suspect, identified as a key hawaladar, allegedly managed transaction records and appointed trusted brokers to coordinate the group’s branches. Authorities documented 32 money transfers worth over €5.5 million in just three months. One crypto wallet used as a transfer hub reportedly handled over 21 million euros ($23.5 million) between mid-2022 and late 2023. The crackdown comes amid a broader push by European agencies to tackle crypto-related crime.  Earlier this month, Frankfurt authorities shut down crypto exchange eXch, which was used to launder funds from some of the biggest hacks in recent years, including the $1.5 billion Bybit breach and the $1.4 billion Multisig exploit. According to a May 9 announcement, the Frankfurt Prosecutor’s Office seized crypto assets worth €34 million (around $38.2 million), calling it the third-largest crypto seizure in the BKA’s history. Officials accused the team behind eXch of running a criminal trading platform and engaging in large-scale money laundering. The exchange reportedly had ties to the FixedFloat exploit, Genesis Creditor theft, and various phishing scams, according to on-chain sleuth ZachXBT. Read more:U.S. Treasury moves to block Huione Group over crypto laundering claims

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。 对于普通收入者来说，拥有房产的梦想已经越来越难以实现，尤其是在欧洲。虽然资本雄厚的投资者购买多套房产，推高了房价，但许多潜在买家却因高昂的价格而被市场淘汰，这使得拥有房产成为富人的专属特权。 你可能还喜欢：代币化是房地产的必然未来 | 观点 这个问题对普通民众来说已经变得如此严重，以至于现在在欧洲主要国家引起了民主的反弹。例如，西班牙首相佩德罗·桑切斯建议对在西班牙购买房产的任何非欧盟公民征收 100% 的税。这是由于对外国投资者在西班牙房地产市场造成的垄断感到不满。 虽然这个问题是整个大陆的问题，但西班牙面临的住房不平等问题却是独一无二的。在马德里的一个经济论坛上，总理概述了社会住房仅占西班牙市场的 2.5%，远远低于其他欧盟主要国家，例如法国的 14% 和荷兰的 34%。 此外，西班牙联合政府计划加快新房建设。西班牙银行表示，到 2025 年底，西班牙需要新建 60 万套住房，但每年仅建造 9 万套。桑切斯表示，这是一个必须考虑的重要背景，因为包括脱欧后的英国在内的欧盟以外的人每年在西班牙购买 2.7 万套房屋。 不出所料，这项 100% 税收的提议引起了许多非欧盟投资者的不安，例如英国人，他们认为西班牙政府不公平地针对他们。Blacktower Financial Management Group 等业内人士警告称，房地产税只会阻碍对该国的投资，而无法解决住房负担能力和供应下降的根本问题。 这些新工具之一是代币化，即将现实世界的资产（如房地产）转换为可在区块链上跟踪、转移或交易的数字代币的过程。每个代币代表资产所有权的一部分，因此易于以数字方式划分、存储和交换。现实世界中的资产被转换成数字代币，并在以太坊 (ETH) 或 Solana (SOL) 等区块链上转移或交易。这些代币充当现实世界资产所有权的证明。 代币化和财产资产管理 房地产代币化可以为解决欧洲的房产所有权危机提供一种全新的创新方法。特别是，它有望解决住房短缺问题，并让更多人拥有房产。 目前，投资房地产初创企业或房地产投资基金，要么需要是合格投资者，要么拥有大量的初始资本，这严重限制了那些进入房地产市场的人。 使用区块链技术，代币化颠覆了既定的范式。可以将房产转换为代表合法所有权一部分的数字代币。通过分割，代币化的房产资产被分割成更小的份额，使所有投资者（无论其投资组合规模如何）都能投资房地产。 代币化还向全球投资者开放了房地产。由于房地产被分成多个代币，每个代币代表资产的一小部分，投资者可以在全球参与者可以访问的交易所买卖代币化房地产。有了代币化，政府监管、繁琐的文书工作和其他本地化不便等复杂性几乎不复存在，消除了国际投资者在购买本地资产时可能面临的许多困难。 然而，代币化并没有继续将潜在的本地投资者拒之门外，而是同时设法向那些没有大量现有资本的投资者开放市场，并通过降低进入门槛从国际投资者那里获得更多收入。 对欺诈和渎职行为的影响 代币化为所有投资者提供了一条简化的途径，无论他们的风险偏好低还是投资组合较小，都有机会拥有房产，即使只是部分房产。由于代币化平台建立在区块链账本上，所有代币化的现实世界资产都由智能合约管理，这有助于交易和账本的管理。房地产合同保留在链上，但仍保持独立。 此外，通过区块链增强的透明度和安全性，每笔交易或所有权转让都会被记录下来，无法更改，从而降低了欺诈或腐败的风险。这反过来又会增强那些可能不愿进入传统不透明房地产市场的投资者的信心。随着越来越多的人信任该系统，这将促进市场稳定，并让本地和全球投资者都能参与其中。 考虑到房地产市场面临的问题是多方面的，并不严格局限于外国投资者在市场上的主导地位，利用这些新的投资形式可以开辟出一条拥有房地产的道路，而不必担心阻止潜在的财政注入或鼓励资本外逃。 寻求支持更多本地公民投资房地产的欧洲国家必须消除障碍和障碍，使小投资者难以与财力雄厚的成熟全球买家竞争。欧洲政府和房地产经纪人可以采用区块链技术，将市场上的房地产部分代币化，将房地产资产分割成更小、更实惠的部分，供所有人购买，而不是向富有的海外投资者征税，这只会造成不信任并赶走投资。通过这样做，现在每个投资者，无论是国内还是国外，都有机会从房地产市场的升值中获益。 阅读更多：房地产代币化是实现经济适用房所有权的途径 | 观点 达伦·卡瓦略