比特币是骗局？《富爸爸穷爸爸》作者称美元更糟糕，贬低美联储

加密 ATM 提供商收到澳大利亚交易报告和分析中心的警告：不完全遵守反洗钱规则的人将面临法律诉讼。 根据 3 月 31 日的新闻稿，AUSTRAC 的加密货币特别工作组发现了可疑交易和欺诈的迹象，这引发了人们对加密货币 ATM 数量不断增加的担忧。自 12 月以来，该工作组一直在与企业合作，检查他们是否遵守反洗钱和反恐融资规则。 AUSTRAC 首席执行官布伦丹·托马斯发出警告，称尽管该机构正在协助企业提高合规性，但那些不遵守反洗钱和反恐融资法规的企业将受到惩罚。 “我们将继续与业界合作提高标准，但我们也将对不遵守标准的运营商采取行动。” – Brendan Thomas，AUSTRAC 首席执行官 澳大利亚目前是亚太地区最大的市场，拥有约 1,648 台加密货币 ATM，而 2019 年只有 23 台，2022 年只有 60 台。仅悉尼就有 348 台机器。大多数机器都接受现金存款购买比特币 (BTC)，这增加了犯罪分子可能利用它们转移非法资金的可能性。 你可能还喜欢：北达科他州参议院通过法案，监管加密货币 ATM 据澳大利亚交易报告分析中心 (AUSTRAC) 称，由于加密货币 ATM 被滥用于欺诈和诈骗，一些澳大利亚人失去了一生的积蓄。 加密货币 ATM 运营商必须在 AUSTRAC 注册并遵守 AML/CTF 法规，其中包括交易监控、客户身份验证和报告可疑活动。AUSTRAC 警告称，不合规的公司可能会受到高额罚款，并承诺将加强执法力度。 此次打击行动恰逢全球加密 ATM 市场因监管压力而放缓。Coin ATM Radar 的最新报告显示，2 月份全球有超过 1,000 台比特币 ATM 停止服务。自 2022 年底以来，总数减少了 2,062 台。 美国拥有超过 78% 的加密 ATM 投入运营，在全球加密 ATM 市场中处于领先地位，其次是加拿大，占比 9.2%。澳大利亚和欧洲各占全球网络的 4% 多一点。 阅读更多：报道称，日本将制定更严格的加密货币规则以打击内幕交易

Gate.io、KuCoin 和 MEXC 将于今天晚些时候上线 Walrus 的 WAL 代币，此前该代币已进行主网启动和代币生成活动。 根据最近的官方公告，加密货币交易所 Gate.io 将于 3 月 27 日 UTC 时间上午 10:00 上线 Walrus (WAL) 和 USDT 现货交易。该代币将在 Sui 网络上独家发售。 虽然用户已经可以进行存款，但提款将于 2025 年 3 月 28 日 UTC 时间上午 10:00 开始开放。从 3 月 27 日到 4 月 8 日，用户还可以质押他们的代币，以根据他们质押的资产比例，从总空投池 200,000 个 WAL 代币中每小时赚取额外的 WAL。 Gate.io 上市将遵循 WAL 代币的代币生成事件，该事件也计划于今天进行。TGE 与 Walrus 主网的启动同时进行，这将允许用户在 Walrus 生态系统中使用 WAL 代币。 海象协议的公共测试网于去年 10 月上线。 虽然截至发稿时发行价格尚不清楚，但 WAL 也将与 Gate.io 同时在其他主要交易所上市，包括 KuCoin、MEXC、Bitget 和 Bithumb。 你可能还喜欢：经济学家警告经济衰退：比特币和山寨币会崩盘还是上涨？ 同时，tokenomics 透露，WAL 的最大供应量为 50 亿个代币。其中 60% 以上将直接流向社区，以帮助推动采用和增长。其中 10% 用于向早期用户空投，43% 用于赠款、开发者支持和激励计划，其余部分则留作对存储节点运营商的补贴。 其余分配包括30%分配给核心贡献者，7%分配给在筹款期间支持该项目的早期投资者。 由于空投代币没有归属，WAL 的推出可能会因接收者获利而出现早期波动。 什么是海象协议？ Walrus 由 Mysten Labs 开发，是 Sui 区块链上的去中心化存储和数据可用性协议，专注于大型二进制对象（也称为 blob）。它旨在解决去中心化存储网络的可扩展性、成本和容错性方面的挑战。 在 a16z crypto、Electric Capital 和 Franklin Templeton Digital Assets 等重量级投资者的支持下，Walrus 最近在由 Standard Crypto 领投的一轮融资中筹集了 1.4 亿美元。 Walrus 旨在提供针对去中心化应用程序优化的 blob 存储层。其工作原理是将数据分布在全球节点网络中，每个节点都争夺用户的权益。该系统提高了弹性和成本效益，同时确保了存储大型非结构化文件的高可用性，非常适合 NFT、去中心化社交媒体和 AI 数据集等用例。 WAL 代币在生态系统中扮演着多种角色。它用于支付存储费用、通过质押保护网络以及参与协议治理。用户可以将 WAL 委托给节点运营商以获得奖励或对网络更改进行投票。 阅读更多：在比特币熊市中获胜的十大加密货币

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 recent crypto market pullback may have caught many off guard, but it also did something useful—it forced the DeFi community to talk about an important topic we usually ignore in a bull market hype:risk management.  You might also like:DeFi needs more interoperability, not apps or infra | Opinion In March 2025, Hyperliquid—one of the most respected DeFi platforms—was rocked by two market manipulation events. One was a massive long position on Ethereum (ETH), the other a short play targeting a small-cap memecoin called JELLY. These trades weren’t just clever exploits; they were alarm bells ringing about the foundational weaknesses in DeFi’s risk infrastructure. Two sides of the same problem The first attack involved a trader leveraging $307 million in ETH at 50x, then strategically withdrawing collateral as the price rose to bring the position close to liquidation. When the price dipped, the forced liquidation couldn’t be absorbed by Hyperliquid’s liquidity pool (HLP) without major slippage, costing the HLP $4 million while netting the trader nearly half that in profit. Key remedies by Hyperliquid included lowering leverage limits for Bitcoin (BTC) and ETH, increasing maintenance margin requirements, and restricting collateral withdrawals to at least 20% of open positions. Weeks later, the JELLY incident happened. A trader exploited the memecoin’s low liquidity on DEXs and aggressively spot-bought while holding a short position on Hyperliquid, causing a price surge that pushed HLP into a nearly $13 million unrealized loss. In response, Hyperliquid’s validators stepped in, controversially voting to forcibly settle at a substantially lower price and delist JELLY perpetuals. The protocol dodged the loss but at the cost of its own decentralization narrative and associated risks. Both events—long and short, blue-chip and ‘shitcoin’—point to the same root problem:DeFi still largely treats risk management as an afterthought. TradFi has been there before That said, this is nothing new. Traditional finance has seen it all before through derivatives blowups, margin spirals, and rogue trades. But after each crisis, it didn’t just recover; it hardened. Position limits, capital requirements, stress testing, and other sophisticated methods became standard not because they were nice but because they were necessary. DeFi, on the other hand, in many cases continues to reward high leverage, underestimate liquidity risk, and leave governance decisions to validator votes that can be reactive and panic-induced. Nonetheless, we don’t need to become TradFi, but we do have to adopt the discipline behind its evolution. Risk isn’t the enemy—complacency is The Hyperliquid incidents have taught us some important lessons on better adherence to risk control protocols. For instance: Position caps and margin locks could have limited exposure, neutralized the ETH long, and prevented forced liquidations. Better asset listing standards would have prevented JELLY from becoming a systemic liability. Clear, enforceable delisting protocols would have avoided the governance panic that undermined trust. These aren’t burdens but basic building blocks, and they need to be embedded during protocol design, not slapped on retroactively. The truth is, most DeFi platforms are still playing catch-up on risk, often learning through painful trial and error. Yet, we can’t afford to keep stumbling from one exploit to the next, hoping users will forgive and forget. Risk in DeFi is interconnected—and amplified DeFi isn’t just one ecosystem; it’s an interconnected tangle of protocols, tokens, and cross-chain bridges, amplifying contagion risks. A failure in one area—be it smart contract risk, liquidity crunches, or governance missteps—can cascade rapidly across the entire stack. When one liquidity pool collapses, users scatter. When a governance vote looks panicky or arbitrary, institutional adoption hesitates. When a stablecoin staggers, everyone holds their breath. This isn’t just technical risk—it’s market risk, reputational risk, and increasingly, regulatory risk. Paranoia isn’t overreaction, it’s maturity Some players in the crypto circles keep seeing risk management as a brake on innovation, and that’s a mistake. The next generation of DeFi leaders won’t be those who chase the highest APYs. They’ll be the ones who build resilient protocols that can withstand volatility, manipulations, and regulatory scrutiny. Paranoia in DeFi isn’t a weakness; it’s a sign of maturity. If we want DeFi to become a serious alternative to TradFi, then we have to start considering risk in every design decision we make, and not just during post-mortems. Because when the next exploit comes—and it sure will—the only question will be whether we were prepared or just hoping for the best. Read more:Five ways to tackle security risks in crypto transactions | Opinion Hong Yea Hong Yeais the co-founder and CEO at GRVT.Hong had been a trader for a decade at Credit Suisse and Goldman Sachs, respectively, prior to co-founding GRVT in May 2022, weeks before the crypto market crash. The GRVT team aims to revolutionize financial markets by integrating blockchain technology and self-custody solutions into both TradFi and DeFi. By applying blockchain settlement and trustless risk management to centralized order book infrastructure, GRVT is transforming trading and investment while upholding traditional security controls. Hong believes this approach, starting with crypto markets, can reshape the entire financial landscape. With an international upbringing in Malaysia and Poland, followed by studying business management at Yonsei University in Korea, Hong leverages his diverse international background and strategic acumen to drive GRVT’s mission forward.

文克莱沃斯创立的加密货币交易所 Gemini 聘请了一位新的首席财务官，计划在 2026 年上市。 加密货币交易所 Gemini 已任命 Dan Chen 为首席财务官，该公司即将在纳斯达克上市。Chen 之前曾在 Affirm Inc. 担任资本市场和银行合作副总裁，他在周一 X 上的一篇文章中宣布了他的新职位。 我很高兴地宣布，我已加入@Gemini，担任首席财务官。我将与@cameron、@tyler 和 Gemini 的优秀团队一起开启个人、财务和创作自由的新时代。加密货币是金融领域最具活力的领域……— Dan Chen (@danchen13) 2025 年 3 月 17 日 这家总部位于纽约的加密货币交易所由双胞胎卡梅隆·文克莱沃斯和泰勒·文克莱沃斯支持，一直在与高盛和花旗集团合作进行可能的公开募股，最早可能在今年进行，但目前尚未宣布最终决定。 你可能还喜欢：Gemini 以 1,000 架无人机进行比特币灯光秀，创下新世界纪录 Gemini 最近解决了监管问题，包括支付 500 万美元以结束商品期货交易委员会的诉讼。该公司还同意向受 Genesis Global Capital 破产影响的客户返还至少 11 亿美元。据该公司声明称，由于资产升值，一些用户获得了超过 20 亿美元的加密货币。 Gemini 在纽约、西雅图、新加坡、伦敦和都柏林设有办事处，员工人数已超过 500 人。正如 crypto.news 之前指出的那样，这对双胞胎兄弟在选举期间一直公开支持美国总统唐纳德·特朗普。他重返白宫被广泛视为加密行业的积极发展。 随着最近监管方面的利好，Gemini 的成功 IPO 可能预示着加密货币领域将掀起新一轮公开发行浪潮，并有可能吸引那些渴望利用不断发展的数字资产格局获利的投资者的极大兴趣。 阅读更多：从监狱恐惧到白宫欢呼：文克莱沃斯兄弟反思双子座审查

随着 Solana 取得进展且 ETH/BTC 比率跌破 0.022，以太坊是否仍能占据 L1 主导地位？ 目录ETH/BTC hits a multi-year lowEthereum’s metrics show signs of softeningScalability trade offs are catching upEthereum price prediction: Is the bottom in? ETH/BTC 创多年新低 以太坊 (ETH) 是全球市值第二大的加密货币，现在正面临严峻的现实考验。ETH/BTC 比率是衡量以太坊相对于比特币 (BTC) 实力的指标，已降至 0.022，为 2020 年 12 月以来的最低水平，表明以太坊的相对表现急剧下降。 ETH/BTC 终身价格图表 | 来源：TradingView 自 2022 年 9 月该比率徘徊在 0.085 左右以来，以太坊相对于比特币的价值已下跌超过 73%。截至本文撰写时，ETH 的交易价格约为 1,880 美元，过去一周下跌 9%，较 2021 年 11 月的历史高点 4,890 美元大幅下跌 62%。 相比比特币（今年迄今仅下跌 10%，交易价格为 84,300 美元）而言，以太坊在同一时间段内的跌幅高达 46%，跌幅是比特币的四倍多。 The declining ratio reflects Ethereum’s slipping dominance in the smart contract and layer 1 ecosystem, a space it once ruled unchallenged. As other L1s like Solana (SOL), Binance Chain (BNB), Avalanche (AVAX), and others gain ground, and as Bitcoin reasserts its dominance, Ethereum appears to be treading water. Let’s take a closer look at what’s driving this imbalance, whether Ethereum is genuinely losing ground, and what it means for the future of the L1 blockchain race. Ethereum’s metrics show signs of softening As of Apr. 1, Ethereum’s total value locked stands at approximately $50.5 billion, accounting for 52.5% of the total market. This marks a notable drop from 61.64% in February 2024, pointing to a gradual loss of share in the decentralized finance market. ETH 终身 TVL 图表 | 来源：DeFi LIama 这种转变的部分原因可以归因于 Solana 等竞争对手的崛起，Solana 的 TVL 大幅增长。Solana 的份额从 2.84% 增长到 7.24%，总 TVL 达到 66.9 亿美元，在短短一年多的时间里增长了 2.5 倍多。 一个新兴趋势是跨网络用户行为的差异。以太坊继续吸引参与被动 DeFi 活动（例如收益耕作和质押）的用户。 相比之下，Solana 的生态系统吸引了更多投机性、活跃的交易者，尤其是在 meme 代币和高频 DeFi 领域，这表明以太坊现有的用例虽然强劲，但可能与零售用户活动的当前趋势不一致。 与此同时，高昂的 Gas 费用（以太坊历史上最大的障碍之一）也已得到改善。2025 年 3 月，平均 Gas 价格降至 1.12 GWEI，远低于前几年的水平。 But despite these improvements, Ethereum still remains relatively expensive and slower to use compared to newer chains, especially for users making smaller transactions. Amid this, while Bitcoin ETFs have attracted more than $36 billion in net inflows to date, Ethereum ETFs have struggled to capture attention. In March 2025 alone, net total flows into ETH ETFs fell by 9.8%, dropping to $2.43 billion. 交易方面，围绕以太坊的情绪似乎正在恶化。根据 Kobeissi Letter 报道，以太坊的空头仓位在 2 月初激增 40%，自 2024 年 11 月以来已增长超过 500%，标志着空头仓位达到了前所未有的水平。 在加密货币领域也出现了同样的趋势。2 月初，以太坊的空头仓位激增 +40%，自 2024 年 11 月以来激增 +500%。历史上华尔街从来没有如此缺少以太坊，而且目前的情况还远远不够。然而，散户投资者继续逢低买入。pic.twitter.com/OmOdlLP9Uw— The Kobeissi Letter (@KobeissiLetter) March 20, 2025 Meanwhile, Ethereum’s overall market dominance has now dropped below 8.4%, its lowest level in over four years. As Milocredit, a crypto mortgage company, noted, this suggests that capital is flowing out of ETH and into other options, including Bitcoin, Solana, and emerging layer 1 platforms that are capitalizing on Ethereum’s slowed momentum. $ETH dominace drops below 8.4%Ethereum's share of the crypto market is the lowest in 4 years.这意味着资本正在从 $ETH 流向其他货币，包括比特币、Solana 和新的 L1。pic.twitter.com/k0Y4iDWIxr— Milo (@milocredit) 2025 年 3 月 31 日 可扩展性的权衡正在迎头赶上 多年来，以太坊的增长故事一直依赖于扩展的承诺。然而，截至 2025 年初，这一承诺在基础层仍未实现。尽管经过多次协议升级，以太坊的主网仍然只能每秒处理 10 到 62 笔交易。 在撰写本文时，其有效吞吐量徘徊在每秒 16 笔交易左右——这一数字与 Solana 的 4,322 TPS 形成鲜明对比。这已成为新用户和应用程序选择在其他地方构建的一个关键原因。 The transition to proof-of-stake via the Merge in 2022 significantly improved Ethereum’s energy efficiency, cutting energy use by over 99%. However, it did little to resolve the network’s core throughput limitations.  As a result, Ethereum has increasingly relied on layer-2 rollups like Arbitrum (ARB), Optimism (OP), and Base to scale its operations. These networks extend Ethereum’s capabilities by processing transactions off-chain and settling them back on the mainnet.  Although L-2 adoption has lowered user costs, it has also led to unintended consequences. Activity is shifting away from Ethereum’s mainnet, drawing both users and transaction fees toward L-2 ecosystems.  正如 X 上的一位用户所说，“Arbitrum 和 Optimism 正在赚取巨额费用……而以太坊的基础层正在变成一座鬼城。” 以太坊 gas 费用再次飙升，而第 2 层则大吃一惊。仲裁和乐观主义正在收取费用，就像一个腐败的侍酒师对你没有订购的酒多收钱一样。多边形的侧链游戏看起来不稳定，以太坊的基础层正在变成一座鬼城。你……— Bacchus (@bacchus_dvin) 2025 年 3 月 20 日 这一趋势有数据支持。渣打银行的 Geoff Kendrick 等分析师认为，L2（尤其是 Coinbase 的 Base 等交易量较大的 L2）正在吸走数十亿美元的交易费，而这些费用原本会流经以太坊主网。 Kendrick 估计，仅 Base 一项就通过转移经济活动从以太坊市值中抹去了约 500 亿美元的价值。反过来，这减少了通过 gas 费消耗的 ETH 数量，削弱了其通货紧缩机制以及 ETH 长期以来作为“超声波货币”的宣传。 After EIP-1559, Ethereum’s fee-burning mechanism was expected to counterbalance issuance. However, with activity now fragmented across dozens of rollups and sidechains, overall fee burns have dropped significantly. ETH has once again become net inflationary, now at an annualized rate of 0.5%. Meanwhile, staking yields have fallen below 2.5%, making ETH less attractive when compared to stablecoin strategies offering returns of over 4.5% across DeFi platforms. Even Ethereum’s upcoming upgrade, Pectra — designed to improve L2 efficiency by increasing blob capacity from three to six for data availability won’t do much. Kendrick has stated that he does not expect Pectra to reverse the broader ETH/BTC decline, calling the upgrade insufficient to address Ethereum’s underlying structural issues. At the same time, activity on Ethereum’s mainnet appears to be drying up. Bots, particularly address poisoning bots, are now dominating gas usage on top contracts. Fewer organic applications are deploying directly to the mainnet. ETH 主网正在变成一个坟墓，地址中毒机器人慢慢开始填满越来越多按 gas 使用量排名靠前的合约。L2 太多了。主网上部署的应用程序/项目已经不够了。回归上帝。使用 ETH 主网。pic.twitter.com/ARbp1sXd7o— Pop Punk (@PopPunkOnChain) 2025 年 3 月 24 日 正如一位用户所说，“ETH 主网正在变成一座坟场”。虽然这可能有点夸张，但以太坊的核心层正在失去其作为链上创新主要目的地的声誉。 Ethereum price prediction: Is the bottom in? Several signals from market analysts point to a wide spectrum of possible outcomes, but the risks appear to be stacking up more quickly for ETH than the potential tailwinds. On the macro front, Ethereum remains heavily tied to the broader risk asset environment. According to Bloomberg strategist Mike McGlone, “ETH remains closely correlated with risk assets,” meaning its performance is likely to reflect that of U.S. equities and high-beta sectors. 彭博策略师 Mike McGlone 指出，ETH 与风险资产仍保持密切相关。如果美国股市继续下跌，ETH 可能会进一步下跌，并可能在今年晚些时候重新回到 1,000 美元的水平。回升至 2,000 美元可能预示着风险资产的走强，但……— Wu Blockchain (@WuBlockchain) 2025 年 3 月 30 日 如果股市在 2025 年进一步下跌，尤其是在高利率、持续通胀或全球增长放缓的压力下，以太坊可能会面临更大的下行压力。 麦克格隆警告称，在宏观环境恶化的情况下，ETH 可能“重新回到 1,000 美元的水平”，这将意味着较当前水平下跌近 50%。 从技术角度来看，价格结构也显示出紧张的迹象。分析师 Mags 表示，以太坊的图表是“有史以来最糟糕的图表之一”，指出在此周期中屡屡未能突破 4,000 美元的阻力区。 #Ethereum – Unbiased AnalysisETH has one of the worst charts of all time. The price attempted to break above the range high of $4,000 three times in this cycle but failed.On the last rejection, price broke down even below the mid-range and is also trading below the… pic.twitter.com/iXkg8THiFy— Mags (@thescalpingpro) March 18, 2025 After three attempts, ETH not only failed to reclaim its highs but also lost support at its mid-range level and fell below an upward-sloping trendline that had held since the previous market bottom. 这种跌幅，加上当前水平以下缺乏强劲支撑，有可能重新测试 1,060 美元附近的区间——这是 2022 年熊市期间最后一次出现的价格。正如 Mags 所指出的，“从技术上讲，看跌情景看起来更有可能出现。” 然而，交易员 Michaël van de Poppe 的观点更为乐观，他观察到以太坊可能正在显露出潜在“偏差”的早期迹象。 我认为$ETH在这里表现出了偏差。它还没有突破任何关键水平，但是它正面临一个关键水平。突破 2,100-2,150 美元，我们可能很快就会达到 2,800 美元。DXY fell down substantially, likely we'll see a good Q2. pic.twitter.com/70lbJ9skYo— Michaël van de Poppe (@CryptoMichNL) March 24, 2025 According to him, if ETH can cleanly break above the $2,100 to $2,150 zone, it could spark a sharp move up to $2,800, indicating renewed strength in the market. He also highlighted a recent decline in the U.S. Dollar Index as a favorable macro signal, suggesting that a weaker dollar might help support a crypto rebound in Q2. 不过，这些看涨情景取决于以太坊能否收复关键技术水平，以及更广泛的市场情绪是否转为有利。在此之前，下行风险仍然更加明显。 短期内，以太坊的走势似乎与宏观经济周期和比特币的定位密切相关。突破 2,150 美元的决定性走势可能标志着复苏阶段的开始。然而，如果没有这一点，技术和结构压力可能会持续存在。 谨慎交易，投资金额切勿超过您能承受的损失。 披露：本文不代表投资建议。本页内容和材料仅供教育之用。