据报道，德国银行 DekaBank 为机构投资者推出加密货币交易

以色列银行的最新报告提出了“最佳”数字谢克尔设计，但实施仍取决于与立法者和行业利益相关者的合作。 以色列银行公布了数字谢克尔的初步设计，但其推出还需与政府的进一步讨论。 以色列央行在文件中解释说，数字谢克尔旨在让所有人都能使用，并表示这种国家控制的货币“将向全体公众开放，包括儿童、外国人（包括游客）、所有类型的企业、公共机构和金融机构”。 “与现金类似，它将成为一种通用的支付方式——任何人都可以向任何人付款，任何人都可以从任何人那里收到付款，但同时具有数字支付方式的便利性和先进性。” 以色列银行 你可能还喜欢：以色列 CBDC 计划因可能推出数字欧元而暂停 预计企业将支付比现有方案更低的费用，但目前尚不清楚将收取哪些费用。央行声称使用央行数字货币付款将非常快捷，并支持离线支付。 在谈到隐私问题时，以色列银行保证，隐私级别“将比现有的数字支付更高”。 “与现有的数字支付相比，数字谢克尔的隐私级别将更高，并且与现金类似，它也将提供有限金额匿名支付的可能性。” 以色列银行 数字谢克尔还可以与其他系统集成，使用户能够“以数字谢克尔接收或付款，即使付款的另一方不使用数字谢克尔”。 央行强调，尚未就发行数字谢克尔做出最终决定，并指出，如果未来的情况表明收益大于成本和风险，以色列银行“将准备”实施“行动计划”。 以色列银行于 2017 年开始研究数字谢克尔，研究推出 CBDC 可能带来的好处和挑战。在初始阶段，他们专注于数字货币的全球趋势、其背后的技术以及它们如何影响货币政策和金融稳定。2021 年，该银行更进一步，成立了一个特别团队，深入研究数字谢克尔的开发。 阅读更多：CBDC 必须缩小新旧金融体系之间的差距 | 观点

Banks have about a decade left unless they catch up with blockchain, Eric Trump warned during a stop in Dubai, calling the traditional financial system slow, expensive, and on its way out. During his visit to Dubai, Eric Trump warned that banks have about a decade to adapt to blockchain technology or face becoming obsolete as decentralized finance continues to grow. In an interview with CNBC, Eric Trump, the executive vice president of the Trump Organization, criticized the traditional financial system, calling it “broken,” “slow,” and “expensive.” He added that blockchain technology could offer superior solutions, saying “there’s nothing that can be done on blockchain that can’t be done better than the way that the current financial institutions are working.” Trump also referred to SWIFT, the global financial messaging network responsible for processing nearly 90% of cross-border transactions, as an “absolute disaster,” criticizing the global banking system for being “antiquated” and too focused on the ultra-wealthy. “Our banking system favors the ultra-wealthy. And what actually got me into [cryptocurrency] is the fact I realized our banking system was weaponized against the vast majority of people in our country, either the people that don’t have the zeros on their balance sheet, or people who might have worn that red hat that said ‘Make America Great Again.'” Eric Trump You might also like:‘Never sell your Bitcoin. I don’t know if that’s right or not’: Donald Trump’s Crypto Summit left more questions than answers As the UAE tries hard to become a global hub for crypto, Trump’s comments appear to reflect his growing support for cryptocurrencies. He also predicted that Bitcoin (BTC) would reach $1 million, citing its potential as an alternative to banks. Eric Trump seems to have an eye on Ethereum (ETH) too. Back in early February, when ETH was hovering around $2,900, he shared a post on X saying it was “a great time to add Ethereum” and even threw in a “thank me later.” That post didn’t quite hold up though. About five weeks later, ETH plunged over 30% to $1,900, and Eric Trump quietly deleted the “thank me later” part of his post. Read more:Eric Trump says Bitcoin is one of the greatest stores of value

Don’t put all your eggs in one basket—an idiom Tether seemingly takes to heart. In just two days this April, the stablecoin giant unveiled two major moves: teaming up with Bitfinex, SoftBank, and Cantor Fitzgerald to launch a Bitcoin-focused public company, Twenty One Capital, and increasing its ownership stake in Italian football club Juventus to over 10%. These announcements mark just the latest steps in Tether’s aggressive push to diversify beyond its flagship USDT stablecoin. This strategy could prove critical as regulatory pressure mounts across major markets. USDT Tether launched the USDT stablecoin in 2014. It soon became the biggest stablecoin issuer, while USDT grew into one of the five biggest cryptocurrencies in market cap. At one point, USDT was a leading token in terms of trading volume. At different times, it was accountable for 50% to 80% of all Bitcoin trades. Moreover, USDT plays a vital role in cryptocurrency onboarding, as many crypto exchanges don’t have fiat-to-crypto and crypto-to-fiat pairs. USDT is a USD substitute, providing a predictable trading instrument aligned with the USD value.  Companies also execute cross-border payments using USDT, which is backed by the U.S. Treasury bills. And Tether holds most of them. Last year, Tether bought $33.1 billion worth of the U.S. Treasury securities. It made the company the seventh biggest foreign net buyer, surpassing Mexico, Canada, Taiwan, and many other countries.  Tether was the 7th largest buyer of U.S. Treasuries in 2024, compared to Countries 🤯 pic.twitter.com/fEANUL3fb2— Paolo Ardoino 🤖 (@paoloardoino) March 20, 2025 Read more:El Salvador ends Bitcoin as legal tender — Here’s why it didn’t work Tether abroad Initially registered in the British Islands, Tether, as of January, moved its headquarters to El Salvador — the first country to adopt Bitcoin as legal tender. Shortly after Tether relocated to El Salvador, the local Congress killed Bitcoin’s status as legal tender. Moreover, USDT remains a viable payment instrument for regions with low debit card penetration or for sanctioned jurisdictions. In Africa, USDT has a dual purpose: It serves as an asset for savings and as a remittance instrument. Countries like Russia and Iran use USDT, alongside other cryptocurrencies, in foreign trade to dodge sanctions. Still, Tether’s stablecoin is experiencing legal crash tests in real time. For instance, the refusal to follow the Markets in Crypto Assets law regulating crypto in the European Union resulted in the removal of USDT from Coinbase, Kraken, Binance, and Crypto.com for EU customers.  In addition, emerging crypto regulation in the U.S. may lead to a ban on USDT (President Trump’s cryptocurrency company, World Liberty Financial, plans to sell its own stablecoin). To mediate this problem, Tether is considering a new stablecoin that would align with new regulations. Legal scrutiny Last year, U.S. investigator alleged that Tether participated in money laundering and violation of sanctions. CEO Paolo Ardoino denies these accusations. “At Tether, we deal regularly and directly with law enforcement officials to help prevent rogue nations, terrorists and criminals from misusing USDt,” Ardoino wrote in October. “We would know if we are being investigated as the article falsely claimed. Based on that, we can confirm that the allegations in the article are unequivocally false.” See below. At Tether, we deal regularly and directly with law enforcement officials to help prevent rogue nations, terrorists and criminals from misusing USDt. We would know if we are being investigated as the article falsely claimed. Based on that, we can confirm that the allegations in…— Paolo Ardoino 🤖 (@paoloardoino) October 25, 2024 Losing markets like the EU and the U.S. would have severely damaged Tether. However, the company has a lot more to offer than USDT, so business diversification may cushion these challenges. Other ventures In addition to stablecoins, Tether counts Bitcoin mining among its segments. For example, the company owns 21% of Bitdeer, mines crypto in Uruguay, and joined an effort to build a $1-billion Bitcoin mining farm in El Salvador called “Volcano Energy.” The major plans for expanding Bitcoin mining ventures were announced back in 2023 when Tether outlined that it was going to invest $500 million in Bitcoin mining, including a company, Northern Data AG, and building mining facilities in three countries. Tether holds a 20% stake in Northern Data after buying 10,000 Nvidia H100 GPUs, chips popular among AI developers. These chips are rented out to AI startups. As of April, it’s not clear if the company followed this plan or took a different path. Tether also has interests in artificial intelligence, resulting in a strategic $200 million investment in brain-computer-interface Blackrock Neurotech. The company is one of the world’s neuro-prosthetic leaders, and Tether became its majority stakeholder.  Tether invested $775 million in Rumble, a video platform known for its far-right audience, and backs Fizen, a payment service and self-custody wallet company. It also launched Holepunch, which helps to develop software without the need for servers. Other projects talked about by Ardoino on social media that have yet to be adequately introduced include a tokenization platform and power kiosks in Africa with educational materials on cryptocurrency. So even if USDT faces a ban in multiple jurisdictions, Tether isn’t a one-trick pony, although critics warn that Tether’s use of customers’ funds to make these hefty investments may end badly. Ardoino, according to Forbes, sees it this way: “It’s good to have resilient money, but if you only have resilient money and everything else is centralized, it can be destroyed quickly. One of our mottos is ‘build for the apocalypse’.” Read more:Tether revenue nears $1.5 billion as Ethereum languishes below $200M

南森研究公司 (Nansen Research) 本周强调了宏观经济因素和线索，该公司表示这些因素和线索可以证实加密货币在 4 月至 6 月之间触底的可能性。 南森首席研究员 Aurelie Barthere 于 2025 年 4 月 1 日分享了这一展望，并指出本周将会出现值得关注的数据发布和政策公告。 本周各市场投资者关注的宏观经济因素包括美联储政策、关税以及通过制造业和就业数据等信号体现的美国经济增长。 南森表示，这个“解放周”将迎来关键数据披露和潜在的政治声明，这些数据与当前的市场情绪相结合，可以为比特币 (BTC) 和加密货币的价格走势提供指标。 巴特雷对其他金融资产也有类似的预测，因为最近几周股票市场遭受了冲击。 你可能还喜欢：分析：随着抛售压力下降，比特币可能在 4 月和 5 月出现盘整 关税波动也继续影响着加密货币和风险资产的走势。最近宣布的 25% 汽车关税以及潜在的互惠关税是一个关键问题。然而，南森研究人员表示，欧元区、日本和中国等世界最大经济体的“建设性谈判”和让步的灵活性将是积极的。 美联储的平衡政策也同样如此，美联储主席杰罗姆·鲍威尔将于周五发表讲话。南森表示，预计整个市场将对今年三次降息的可能性做出明确判断。 在被问及投资者希望从鲍威尔的讲话中得到什么时，南森表示： “我们希望听到美联储主席鲍威尔重申其在联邦公开市场委员会新闻发布会上的鸽派立场，例如，对增长的担忧将被优先考虑，即使核心通胀率同比接近 3%，美联储也会乐于降息。” 就周五公布的就业数据而言，南森表示，3 月份非农就业人数介于经济学家预期的 13.9 万与六个月平均值 19.1 万之间，失业率为 4.3%，这对投资者来说将是个好消息。 这是关键，因为最近标准普尔 500 指数下跌 11% 导致经济增长担忧，令投资者感到压力。BTC 的技术指标也不容乐观，价格未能突破 200 日移动平均线。山寨币也处于抛售模式，大多数山寨币都出现死叉，表明市场情绪脆弱，会期待任何“好消息”。 总体而言，Nansen 认为本周的前景乐观，这将证实分析平台对加密货币在 4 月至 6 月之间触底的 70% 概率的判断。 你可能还喜欢：埃里克·特朗普称比特币是最伟大的价值存储手段之一

GENIUS 法案是否会将稳定币推向主流金融，或者 Tether 将难以在新的美国监管框架下满足透明度和准备金要求？ 目录稳定币有了规则手册解密法案沃伦的警告稳定币巨头的下一步是什么 稳定币有了规则手册 美国历史上首次，稳定币监管框架即将成为法律。 3月13日，参议院银行委员会推进了《指导和建立美国稳定币国家创新法案》，该法案旨在为联邦和州两级的稳定币发行者制定明确的规则。 该法案由参议员比尔·哈格蒂 (R-TN) 于 2 月 4 日提出，他认为该法案对于保持美国在全球金融领域的竞争力至关重要。随着其他国家对其支付系统进行现代化改造，哈格蒂明确表示，美国“不能落后”。 参议员辛西娅·卢米斯 (R-WY) 和克尔斯滕·吉利布兰德 (D-NY) 也支持该法案。委员会以 18 比 6 的两党投票通过了该法案。 It now moves to the full Senate for a floor vote. If approved, it will head to President Donald Trump’s desk for signing—potentially becoming the first stablecoin-specific regulatory framework in the U.S. But what exactly does this bill entail, and what does it mean for the future of stablecoins in the U.S.? Let’s dive in. 解密法案 《GENIUS 法案》引入了一种结构化的方法来监管美国稳定币。它制定了明确的规则： 谁可以发布它们 必须如何支持他们，以及 有哪些保障措施来保护消费者。 Instead of a one-size-fits-all approach, the bill differentiates between smaller and larger stablecoin issuers based on market capitalization. Issuers with less than $10 billion in market cap fall under state-level oversight, granting them more operational flexibility while still adhering to financial laws. Once an issuer surpasses the $10 billion threshold, it transitions to direct supervision by the Federal Reserve and the Office of the Comptroller of the Currency, the same regulators that oversee major banks. 分层监管模式确保可能影响更广泛金融体系的最大参与者面临更严格的审查，同时允许较小的发行人在国家管辖范围内获得发展空间。 该法案的另一个关键方面是强调透明度和储备支持。稳定币旨在维持固定价值，通常与美元挂钩，但要做到这一点，发行人需要证明他们确实持有他们声称的储备。 《GENIUS 法案》强制要求每月提交流动性报告，迫使发行人定期披露财务细节。此外，所有稳定币都必须以美元或高流动性资产一对一支持，确保流通中的每个代币都与真实可用的资产相对应。 该规定旨在消除过去争议中出现的不确定性，即稳定币发行人被怀疑缺乏足够的储备，导致市场不稳定。 法案还特别关注了赎回权和消费者保护。稳定币持有者必须能够按需将代币兑换成现金，而发行方有法律义务毫不拖延地满足这些要求。 为了加强问责制，美联储和美国货币监理署有权对未能履行这些义务的发行人暂停执照或施加处罚。 这些执行措施可以防止基金管理不善，并确保发行人能够满足消费者的需求，尤其是在市场波动期间。 该立法还更加关注反洗钱和了解客户合规性。 发行人将被要求遵守与传统银行相同的金融犯罪预防措施，确保稳定币不会轻易用于非法活动。 沃伦的警告 While the GENIUS Act provides a path forward, critics argue that it lacks essential safeguards. Democrats on the Senate Banking Committee attempted to introduce several amendments to tighten regulatory controls, but each was blocked along party lines. Senator Elizabeth Warren has been one of the bill’s most vocal opponents, warning that, in its current form, it could create significant risks for both the economy and national security. One of Warren’s primary concerns is the lack of consumer protections. She pointed out that stablecoin users may not receive the same fraud protection that applies to traditional financial products. 另一个主要问题是稳定币可能被滥用于非法融资。沃伦认为，该法案在阻止被判犯有金融罪行的个人拥有或经营稳定币公司方面做得还不够。 她表示，目前该法案的形式可能会让外国对手——伊朗、朝鲜和俄罗斯——更容易通过使用稳定币而不是传统金融渠道来逃避制裁。 沃伦引用一份行业报告，将稳定币称为“非法加密活动的新主谋”，并警告说，如果没有更强有力的执法机制，该法案可能会导致洗钱、恐怖主义融资，甚至网上销售非法商品。 公民公共利益研究等消费者权益保护组织也批评了这项法案，称其为一项不完整且具有潜在危险的立法。 公民公共利益研究组织金融政策倡导者巴特利特·内勒 (Bartlett Naylor) 在致委员会的一封信中警告说，如果该法案成为法律，可能会增加价格操纵、稳定币失灵以及使用加密货币进行非法融资的情况。 然而，并非所有人都将该法案视为威胁。一些行业领袖认为，GENIUS法案是朝着正确方向迈出的一步。 USDC（USDC）发行方 Circle 首席执行官杰里米·阿莱尔（Jeremy Allaire）称这是“朝着为稳定币提供监管清晰度迈出的一大步”，也是为数字时代实现美元现代化的一种方式。 今天华盛顿发生了重大变化。GENUIS 法案以 18 比 6 的强势投票在参议院银行委员会获得通过。这是向稳定币提供监管透明度迈出的一大步，也是向升级和提高美元竞争力迈出的一大步。— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) March 13, 2025 What’s next for stablecoin giants If the GENIUS Act passes through the House and reaches President Trump’s desk, stablecoin issuers will face a completely new regulatory environment in the U.S. 该法案的一项关键条款要求外国发行的稳定币必须满足与美国稳定币相同的标准，包括遵守储备规定、反洗钱法规和制裁检查，这实际上为所有发行人提供了公平的竞争环境。 对于美国的稳定币，如 USDC 和 Ripple USD (RLUSD)（由 Ripple (XRP) 发行）来说，这不会是一个重大变化，因为这些公司已经遵守美国金融合规标准。 另一方面，对于全球最大的稳定币发行者Tether（USDT）来说，情况更加复杂。 总部位于萨尔瓦多的 Tether 传统上以多种资产支持其稳定币 USDT，包括美国国库券、公司票据和比特币 (BTC)。 然而，摩根大通最近的一份报告引发了人们的担忧，即 Tether 的部分储备，特别是其比特币持有量，可能无法满足该法案中概述的严格储备要求。 If the law passes, Tether may be forced to liquidate part of its Bitcoin reserves to comply, which could put pressure on its ability to maintain a stable peg to the U.S. dollar. 该法案的另一个重要方面是其执行条款。它规定稳定币发行人必须有能力根据监管机构的合法命令冻结、阻止或销毁代币。 杰里米·霍根 (Jeremy Hogan) 等法律专家指出，这可能迫使发行人重新考虑其技术基础设施以满足这些需求。 我今晚只有时间浏览一下新提出的稳定币法案，即谦虚地称之为“天才法案”的法案。我需要帮助的几个想法和一个大问题：1. 正如评论中的许多人已经提到的那样，该法案的通过将导致美国 USTD 的消亡……https://t.co/VtWpbyZ7YG pic.twitter.com/v1XEMizD53— Jeremy Hogan (@attorneyjeremy1) March 11, 2025 Overall, if the bill passes, U.S. based stablecoins could see greater adoption and deeper integration with traditional banking systems, while foreign competitors struggle to keep up with U.S. regulations. In response to increasing regulatory pressure, Tether has recently appointed Simon McWilliams as its new Chief Financial Officer. The appointment aims to improve transparency and work toward a full audit. Tether has long promised a full audit, but critics have only seen quarterly attestations through BDO. Whether these efforts will satisfy U.S. regulators remains uncertain. 这是否是迈向稳定和合法性的一步，还是仅仅是政府控制的另一层，将取决于如何实施方式，以及谁最终从这些变化中受益。 阅读更多：代币化作为欧洲创始人的融资后门 | 观点