去中心化社交网络 Mask Network 重构 MaskDAO 生态

The Northern Mariana Islands, a U.S. territory in the Pacific, has passed legislation allowing its island of Tinian to issue a government-backed stablecoin. On May 15, lawmakers in the Northern Mariana Islands House voted 14-2 to override Governor Arnold Palacios’ earlier veto of the bill. The House vote followed a May 9 decision by the territory’s Senate, which also overturned the veto with a 7-1 majority. The bill had originally passed unanimously through the Tinian delegation in March and was sent to the governor on March 12. The legislation authorizes the Municipality of Tinian and Aguiguan to issue a “Tinian Stable Token,” formally called the Marianas US Dollar (MUSD), backed by U.S. dollars and Treasury bills held in reserve by the local treasury. It also enables Tinian’s local government to issue licenses to internet casinos, tying the stablecoin rollout to a broader economic strategy aimed at revitalising the island’s struggling economy. The local government has partnered with Marianas Rai Corporation as its exclusive technology provider, with plans to deploy MUSD on the eCash blockchain, a fork of Bitcoin Cash ABC. You might also like:Senate stablecoin bill may return to vote after Trump-linked crypto dispute Supporters of the bill argue the initiative could bring much-needed revenue to Tinian without placing a financial burden on the government. Marianas Rai Corp. co-founder Vin Armani told lawmakers that the bill could “attract billions of dollars of investment and tax revenue” from the crypto sector. Clyde Norita, another executive at the firm, described the effort as a way to revive a “dying” local economy, saying the new digital industry could generate income without affecting the island’s culture, environment, or immigration status. Among lawmakers, Republican Representative Patrick San Nicolas, a member of the Tinian delegation, supported the bill as a way to break dependence on tourism and federal subsidies. “We need this legislation to unlock our potential,” he said during floor discussions, framing it as a path to self-sustaining revenue. Among the critics was Governor Palacios, who vetoed it over what he described as “several legal issues” and a lack of enforcement safeguards, and Independent Representative Marissa Flores, who criticized the bill’s ties to online casinos. “Every time we’re desperate, it always seems that we come back to casinos,” she said, and warned against making decisions out of fear or economic pressure, before the vote. If launched ahead of schedule, MUSD could become the first government-backed stablecoin issued by any U.S. public entity, beating out the state of Wyoming, which is working toward a similar goal by July 2025.  Wyoming passed the Wyoming Stable Token Act in March 2023 and has been developing its own stablecoin backed by cash and government securities. The state’s Stable Token Commission is currently conducting cross-chain tests on platforms like Ethereum, Solana, and Avalanche, ahead of the expected launch window. However, at the national level, progress on stablecoin regulations has stalled. Two major federal bills, the GENIUS Act and the STABLE Act, have lost Democratic backing due to concerns over former President Donald Trump’s growing involvement in crypto. Read more:90% of financial institutions now use stablecoins: report

明尼阿波利斯联邦储备银行行长尼尔·卡什卡利 (Neel Kashkari) 在 CNBC 的“Squawk Box”节目中表示，在债券收益率上升和美元走弱的背景下，央行正在密切关注金融市场，以寻找有关通胀预期和投资者对美国的信心的信号。 卡什卡利表示，“很难了解背后正在发生的事情”，并指出最近的市场走势既反映了经济的不确定性，也反映了投资者情绪转向美国作为全球投资目的地。 美联储官员承认短期通胀预期可能上升，并表示央行的首要任务仍然是防止这些短期担忧影响到长期经济前景。 “我和你们一样关注着同样的市场动向，”他说，“我尤其关注债券市场，试图理解它揭示了哪些潜在的通胀动态。分析起来很复杂。” 贸易紧张局势下美元下跌引发质疑 卡什卡利还谈到了近期美元走弱的问题。鉴于全球经济面临压力时通常出现的“避险”现象，美元走弱令一些分析师感到意外。他指出，美元下跌加上债券收益率上升，可能预示着投资者对美国资产的信心正在减弱。 您可能还喜欢：美联储关键预测可能提振比特币、卡尔达诺、XRP 和其他山寨币 “如果投资者决定，‘嘿，我们想在其他地方投资’，在其他条件相同的情况下，这应该会推高收益率，”他说。“你就会看到我们所说的期限溢价。” 卡什卡利表示，近期市场波动的部分原因可能在于杠杆头寸，包括对冲基金在股市下跌期间清算资产。但更广泛的趋势表明，美国可能不再像过去那样被视为默认的投资目的地。 “我总是回归基本面，”卡什卡利说道。“为什么美国会出现贸易逆差？这是因为世界各地的投资者都视美国为最佳投资地。如果这种情况发生变化，整个方程式都会改变。” 这对加密货币市场意味着什么 从理论上讲，美元走弱和持续的通胀不确定性将重新引发人们对比特币（BTC）和其他加密货币作为替代价值存储手段的兴趣。 从历史上看，加密货币在法定货币贬值或对传统金融体系信心动摇的时期受益。如果投资者继续认为美国经济吸引力下降，数字资产可能会从寻求多元化、去中心化投资的资本流动中获益。 您可能还喜欢：美联储的“冲击”警告可能导致比特币和山寨币价格暴跌

DeFi 能在过时的金融法规下生存吗？专家表示，强迫去中心化平台采用为银行设计的合规模式将是灾难性的，这也证明了为什么政策制定者必须重新考虑他们的做法。 目录参议院投票废除国税局规则美国国税局规则及其废除经济影响——推动 DeFi 转入地下？DeFi 监管应如何运作美国加密政策是否陷入了政治周期？ 参议院投票废除国税局规则 美国政府与去中心化金融之间长期存在的紧张关系又到达了关键时刻。 3 月 4 日，参议院以 70 比 27 的压倒性多数票通过了一项罕见的两党一致决议，废除了美国国税局的一项规定，该规定将对去中心化交易所和 DeFi 协议施加传统的财务报告要求。 一旦该规则生效，将迫使开发商和 DeFi 平台向美国国税局报告加密交易，实际上将它们视为传统金融中介机构。 该决议现在将提交众议院进行另一次投票，然后才能送到唐纳德·特朗普总统的办公桌上。由于特朗普的人工智能和加密专家戴维·萨克斯已经表示支持废除该法案，该法案似乎很快就会成为法律。 加密货币倡导者认为这是金融隐私和创新的重大胜利，但由于众议院投票仍未完成且监管不确定性挥之不去，围绕 DeFi 法律地位的争论远未结束。 为了探讨其影响，crypto.news 独家采访了 1inch Labs (1INCH) 的首席合规官 Hedi Navazan，1inch Labs (1INCH) 是该领域最著名的 DeFi 聚合器之一。 美国国税局规则及其废除 The IRS’s now-repealed rule sought to impose traditional financial reporting obligations on DeFi protocols, effectively classifying them as brokers.  Under this requirement, decentralized platforms would have been forced to report gross proceeds and user transaction details — even though they do not hold user funds or function as financial intermediaries. 该规则由拜登政府出台，作为推动加密货币领域税收合规的更广泛举措的一部分，旨在作为解决未报告的加密货币交易造成的预计年度税收缺口的措施之一。 根据巴克莱银行 2022 年的分析，美国国税局征收的税款与加密货币交易所欠税款之间的差距每年可能高达 500 亿美元。 财政部预计，通过扩大经纪人的定义，政府可以在未来十年内挽回 39 亿美元的损失。 然而，该提案遭到了强烈反对，因为 DeFi 的结构设计使得合规几乎不可能。Navazan 认为，美国国税局从根本上误解了 DeFi 的运作方式。 “这项提议反映了一种误导性的急于实施监管的做法，而没有清楚了解所涉及的技术复杂性。它忽略了一个事实，即许多去中心化金融协议（包括去中心化交易所聚合器）并不托管用户资产，这使得应用传统经纪商式监管的概念在技术上不可行。” 行业领导者提出的最大担忧之一是，该规则将要求软件开发商和智能合约创建者报告他们无法访问的税务数据。 与 Coinbase 或 Binance 等中心化交易所不同，DeFi 平台依赖于在公共区块链上运行的自动执行智能合约，这意味着没有公司管理用户账户或持有客户资金。 强迫他们充当经纪人就好比要求开源协议收集和存储它从未设计用来处理的用户信息。 虽然税收合规一直是监管机构关注的重点，但安全仍然是 DeFi 最紧迫的问题之一。仅在 2023 年，黑客就从 DeFi 平台窃取了超过 18 亿美元，其中备受瞩目的漏洞影响了 Euler Finance、Atomic Wallet 和 Curve Finance。 Navazan 认为，监管工作应该优先解决这些弱点，而不是只关注税收。 “What is more pressing for DeFi’s future is the development of a coherent governance framework for decentralized autonomous organizations and proper guidance on security practices. Regulatory focus should be on setting standards for smart contract security, identifying malicious tokens, and protecting users from exploits. Unfortunately, there is a significant gap in regulatory oversight in these critical areas, and while hackers continue to steal assets and malicious tokens proliferate, the attention seems to be disproportionately focused on taxation.” The economic fallout – driving DeFi underground? A growing concern among industry leaders is that excessive regulation could drive DeFi activity out of the U.S., much like what has already happened with centralized exchanges.  纳瓦赞警告称，严厉或模糊的政策无助于促进合规——它们只会阻碍创新。 “将中心化金融监管强加于 DeFi 可能会带来意想不到的后果，包括迫使加密交易转入地下或转移到离岸司法管辖区。一个主要风险是过度的监管负担将迫使 DeFi 创新离开美国，就像许多加密公司迁往迪拜、瑞士和列支敦士登等司法管辖区的情况一样。” 该行业已经出现了一些引人注目的退出案例。2023 年，美国最大的加密货币交易所 Coinbase 宣布，由于监管不确定性，它正考虑将总部迁至海外。Gemini 也效仿了这一做法，以应对缺乏明确的美国框架。 即使是 DeFi 协议——尽管没有实体总部——也开始将其开发团队和法人实体转移到更有利的司法管辖区。 积极监管的另一个意想不到的后果是加密隐私工具的兴起，这可能会使税收执法更加困难。 The U.S. Treasury’s sanctions on Tornado Cash (TORN), a privacy protocol, did not eliminate demand for anonymous transactions — it simply pushed users toward alternative platforms. Since the ban, new privacy-focused DeFi protocols have emerged, many of which are now being built beyond U.S. regulatory reach. Navazan believes that without a more balanced approach, the government risks losing control over the very industry it seeks to regulate. “The lack of clear regulations is already making institutions hesitant to fully engage with DeFi, as traditional banks and financial players require legal certainty before committing resources. However, institutional appetite for DeFi is growing, with major players like JPMorgan’s ONYX project exploring tokenized assets and blockchain-based settlements.” 尽管存在监管不确定性，DeFi 仍继续以高收益机会吸引投资者，一些协议提供的回报率高达 27-30%，而 Navazan 警告称，过度监管也可能导致逃税行为增加。 “尽管这种收益率的可持续性值得商榷，但现实是它们继续吸引着投资者。如果严格的报告要求将 DeFi 活动推向地下或不受监管的市场，税务机关可能会完全失去对交易的了解，最终减少他们想要征收的税收收入。” DeFi 监管应如何运作 随着 IRS 规则的废除，DeFi 平台不再面临被迫采用中心化报告模式的直接威胁。然而，这并不意味着就不需要建立一个可行的监管和税收框架。 现在的挑战是政策制定者能否制定出符合 DeFi 去中心化架构的法规，而不是试图将过时的金融模型改装到旨在自主运行的系统上。 Navazan 认为，监管机构不应该施加去中心化协议无法满足的报告要求，而应该专注于区块链原生的合规解决方案。 “更有效的 DeFi 税收政策应该专注于利用区块链技术本身，而不是试图强制 DeFi 协议遵守经纪人式的规定。税务机关不应依赖 DeFi 平台来收集和报告用户数据，而应使用与这些平台的去中心化性质相符的基于区块链的合规解决方案。” 一种越来越流行的方法是使用链上分析工具进行税务执法。Chainalysis 和 Elliptic 等公司提供跟踪软件，使监管机构能够监控交易并发现潜在的逃税行为——而无需强迫 DeFi 平台承担合规角色。 Navazan 强调了 1inch 在实施自我监管工具方面所做的努力，作为该行业如何采取积极措施提高安全性和合规性的一个例子。 “一种潜在的解决方案是使用链上分析工具来追踪交易并识别非法活动。例如，1inch 已经通过 1inch Shield API 实施了自我监管措施，其中包括钱包筛选和黑名单以增强安全性。然而，这些工具并不能取代对明确、可执行的监管框架的需求。” Another possible model is permissioned DeFi, where institutional players interact with vetted liquidity pools that meet specific compliance standards.  Some DeFi projects are already developing institutional-friendly solutions that integrate risk monitoring and pre-approved pools with verified participants, ensuring compliance without entirely sacrificing decentralization. Navazan 认为，对于寻求监督同时维护 DeFi 核心原则的监管机构来说，这是一种潜在的妥协。 “美国国税局不应该试图强加不可行的经纪人报告义务，而应该探索符合 DeFi 去中心化架构的区块链原生税务报告机制。区分无需许可和需要许可的 DeFi 的分层监管方法可以提供更平衡的解决方案。” 这种模式将允许监管机构专注于 DeFi 与传统金融直接互动的领域（例如稳定币发行人和机构流动性池），同时允许完全去中心化的协议在没有繁重的合规要求的情况下运行。 美国加密政策是否陷入了政治周期？ 美国的加密政策一直在不断变化，随着每一届政府的更迭而变化，创造了一个不可预测的环境，使得长期业务规划几乎不可能。监管的缺乏一致性使美国处于岌岌可危的境地。 Without a stable framework, crypto businesses, institutional investors, and DeFi developers must navigate a system where the rules can change every few years. 纳瓦赞认为，美国未能制定长期加密战略是机构采用的最大障碍之一。 “美国加密货币监管陷入了政策变化的循环中。一届政府推行激进监管，下一届政府又收回监管，如此循环往复。如果没有稳定的政策，DeFi 的机构采用将永远受到限制。” 与欧洲的对比十分鲜明。欧盟的加密资产市场监管为加密货币提供了统一的法律框架，为整个地区的公司提供了明确、标准化的指导方针。 相比之下，美国没有单一的总体加密货币监管规定。相反，企业必须应对一个支离破碎的体系，其中 SEC、CFTC 和 IRS 等机构对合规性有不同的解释。 纳瓦赞认为，这种脱节的做法威胁到美国在数字资产领域的领导地位。 “Companies operating in regulation-defined locations benefit from a streamlined regulatory framework that allows them to operate across Europe without requiring multiple licenses. This kind of stability makes it easier for businesses to plan long-term strategies — something that is currently lacking in the U.S.” Against this backdrop, the upcoming White House Crypto Summit on Mar. 7 could be crucial. The event, expected to gather industry leaders such as Michael Saylor and Brian Armstrong, may influence the next phase of U.S. crypto regulation.  Whether the discussion leads to meaningful progress or becomes another political maneuver will determine whether the U.S. takes the lead in digital finance — or watches innovation move elsewhere.

PancakeSwap price jumped more than 9% in 24 hours as the decentralized exchange saw its daily trading volume spike to a high of $2.2 billion, leading the sector. The price of PancakeSwap (CAKE) topped $2.37, the decentralized exchange’s native token rising as crypto joined stocks in climbing amid fresh investor optimism on trade talks between the U.S. and China. While the upside that helped Bitcoin (BTC) break above $103k cascaded into the altcoin market to buoy PancakeSwap, there’s been notable bullishness around CAKE  Since the token’s dip to and bounce from lows of $1.61 on April 7, buyers have retested and broken above the key level at $2. In the past month, PancakeSwap’s token price has jumped by more than 26%. You might also like:Will Bitcoin price hit $110k as crypto fear and greed index turns green? A lot of the upside in the DEX protocol’s market has followed the unveiling of PancakeSwap Infinity. The protocol’s rebranding went live in late April, with the community upbeat as the significant upgrade brought a new layer of scalability and decentralized finance opportunities and improvements to traders. PancakeSwap Infinity offers advanced features over the v4 product, including multichain support beyond BNB Chain, and support for concentrated liquidity automated market makers and liquidity book AMMs. CLAMM and BLAMM offer different pool types, giving flexibility to users seeking different liquidity strategies. Custom fee structures, hooks for customization with dynamic fees, and optimized liquidity returns are another highlight. 🐰♾PancakeSwap Infinity is NOW LIVE! (Formerly PancakeSwap v4) https://t.co/9BMuW3q1M6🔹Multiple pool types for capital efficiency & low price impact🔹Customize fees & Hooks for better rewards🔹Save gas on every transaction🫵Swap & LP on Infinity, starting with @BNBCHAIN… pic.twitter.com/fn7sNFJdW8— PancakeSwap (@PancakeSwap) April 28, 2025 The DEX’s volume has increased significantly in the past week, with PancakeSwap seeing a 37% increase in trading volume. In the past 24 hours, as the market rallied, the platform’s 24-hour volume reached over $2.2 billion. This came as CAKE jumped more than 9%, wit DeFiLlama data showing the volume pump put PancakeSwap top of the leaderboard among DEXes. Uniswap ranked second with about $2.18 billion in daily DEX volume, but paled in comparison with PancakeSwap on the weekly timeframe, with only +3%. Pendle had a 162% jump in daily volume, but it only amounted to about $126 million, per DeFiLlama. PancakeSwap has seen a total of over $9 billion in weekly volume, with the DEX market recording $11.4 billion in the past 24 hours and $60.3 billion in the past week. You might also like:PancakeSwap records best quarter since launch with $205B in Q1 trading volume

POPCAT price has soared over 15% today, driven by heavy smart money accumulation, as momentum builds toward the next key price target of $0.70. Popcat (POPCAT) is up over 15% in the past 24 hours, currently trading at $0.45. The surge appears to be driven by smart money accumulation, as POPCAT was the most purchased token in the past 24 hours by smart money wallets, according to the smart money tracking platform Stalkchain. $POPCAT @POPCATSOLANA is the most bought token by smart money in the last 24 hours pic.twitter.com/axuiq2RwIy— Stalkchain (@StalkHQ) May 7, 2025 Today’s surge marks a continuation of the breakout rally that began around Apr. 24, when the price closed above the resistance of a consolidation range at $0.34. This range had held since early February, with support around $0.20 and occasional dips into the lower wick zone between $0.12 and $0.14. The breakout on April 24 propelled the price to a daily close of $0.39, followed by a rally the next day that saw an intraday high of $0.45. After a period of volatile consolidation, the price closed strongly above $0.45 yesterday. Since the breakout, POPCAT has gained approximately 32%. Source: crypto.news You might also like:FARTCOIN and VIRTUAL lead in AI agent mindshare and smart money inflows The memecoin has been trading consistently above both the 20-day EMA and the 50-day SMA since before the breakout, with a bullish crossover—where the EMA20 crossed above the SMA50—occurring around Apr. 11. This crossover coincided with the formation of the first higher high since the November ATH of $2.07. Looking ahead, the next immediate resistance is the psychological level at $0.50. A clean break above this level could open the path to $0.70, a zone where the price faced major rejection in mid January and that also served as a key horizontal support in late December through early January. You might also like:VIRTUAL price wakes up as post-breakout momentum builds, eyes $4 next