报道称，澳大利亚不会效仿特朗普建立战略加密货币储备

Bullish, a crypto exchange backed by Peter Thiel, has confidentially filed for an initial public offering, joining a growing wave of digital asset firms looking to tap public markets. Peter Thiel-backed crypto firm Bullish has confidentially filed for an IPO in the United States, according to people familiar with the matter. The filing was made with the Securities and Exchange Commission in recent weeks, as reported by the Financial Times. Jefferies is set to serve as the lead underwriter for the upcoming offering. This marks Bullish’s second attempt to go public after a failed SPAC merger in 2021. The deal collapsed the following year amid a downturn in the stock market caused by rising interest rates in the U.S. You might also like:“No need to go public:” Tether brushes off IPO talk post Circle debut Bullish’s filing comes as a growing cohort of crypto firms is entering public markets. Circle, the issuer of the USD Coin (USDC) stablecoin, completed its IPO last week and saw shares surge over 300% in their first days of trading, making it one of the most successful billion-dollar U.S. listings on record. Gemini, the exchange founded by Cameron and Tyler Winklevoss, filed confidentially for an IPO earier this month. Uphold, another U.S.-based digital asset platform, is currently weighing an IPO. On the flip side, Tether, which issues the world’s largest stablecoin Tether (USDT) isn’t planning to join the IPO rush. CEO Paolo Ardoino recently said there’s “no need to go public,” pointing to the company’s strong profits and a focus on long-term growth instead of listing. You might also like:Peter Thiel-backed crypto exchange Bullish partners with Gibraltar to build crypto settlement regime

尽管分析师认为牛市尚未结束，但比特币和以太坊即将迎来多年来最糟糕的二月。 比特币 (BTC) 和以太坊 (ETH) 本月将迎来艰难的一个月，BTC 下跌超过 7.8% 至 86,774.59 美元，ETH 下跌 9.47% 至 2,403 美元。如果两者都以目前的水平收盘，那么这将是多年来表现最差的二月。但尽管经济低迷，加密领域的声音并没有恐慌。许多人仍然认为长期牛市正在形成，尽管他们承认周期正在演变。 目录山寨币格局的变化新牛市与股票的相关性概览 山寨币格局的变化 匿名加密货币交易员 Pentoshi 认为，像 2017 年和 2021 年那样的山寨币爆炸性上涨的日子可能一去不复返了。这位交易员在 2 月 25 日的 X 帖子中写道：“我认为对于山寨币来说，我们永远不会再看到像 2017 年/2021 年那样的涨势。但我在这次涨势之前也说过这一点。”这表明加密货币市场已经变得太大了。 嗯，一些更新的想法。我认为对于 *alts* 来说，我们永远不会再看到像 2017 年/2021 年那样的涨势。但我在这次涨势之前也说过。现在这个领域实在太大了，有数亿人，而 DeFi 确实从 0 开始，2017 年所有……https://t.co/QigBMqCgBz— Pentoshi (@Pentosh1) 2025 年 2 月 25 日 Pentoshi 解释道：“现在这个领域实在太大了，有数亿人，而 DeFi 的起步确实为 0，2017 年所有山寨币的总和为 130 亿。我们刚开始的门槛很高。”从本质上讲，由于已经有如此多的资本投入使用，与过去的周期相比，需要付出更多努力才能取得进展。 Pentoshi 还认为下一个大型投机泡沫将发生在加密货币之外。“我还认为下一个泡沫甚至不会发生在加密货币领域，它很可能发生在机器人/人工智能领域。正如 Kang 指出的那样，全球 GDP 的 50% 是劳动力，每年的市场规模为 50T。”虽然 Pentoshi 仍然认为加密货币领域存在机会，但这位交易员强调，市场正在成熟，需要调整不切实际的预期。 新牛市 比特币的减半事件在历史上曾引发大规模牛市，但这次情况可能有所不同。Riot Platforms 研究副总裁 Pierre Rochard 认为市场反应方式发生了转变。 “从历史上看，减半会大幅减少比特币的新供应量，并引发价格的抛物线式上涨。然而，随着每次减半，新铸造的比特币的相对减少量也会减少，这使得第四次减半对市场的冲击较小，”他在 X 帖子中写道。 新的比特币牛市这次比特币牛市与以往的周期不同。从历史上看，减半会大幅减少比特币的新供应量，并引发抛物线式的价格上涨。然而，随着每次减半，新铸造的比特币数量也会相对减少……pic.twitter.com/3sY9YTjxIi— Pierre Rochard (@BitcoinPierre) 2025 年 2 月 25 日 他预计，比特币价格不会出现快速上涨，而是呈现较慢、较稳定的上涨趋势，“与潜在需求保持一致，而不是像过去那样大幅上涨和崩盘”。罗查德还指出，特朗普总统领导下的美国政策变化可能会为比特币提供更有利的监管环境。 “特朗普总统历史性地重返白宫，开启了比特币监管的新时代，扭转了此前对银行施加的严格资本管制和合规负担。” 皮埃尔·罗查德 你可能还喜欢：ARK Invest 买入 Coinbase 因比特币跌至数月低点 罗查德解释说，这一点，加上机构兴趣的增加，有助于巩固比特币在传统金融体系中的地位。 “从将比特币敞口包装成可消化格式的 ETF，到像 MicroStrategy 这样通过智能杠杆持有大量 BTC 储备的大公司，金融行业正在认识到比特币作为替代资产的潜力。” 皮埃尔·罗查德 尽管如此，罗查德也承认存在风险，他表示“过度杠杆化的交易者将继续引发突然清算，而宏观经济事件和需求暂停不可避免地会导致价格出现横盘整理和牛市修正期。”即便如此，他仍然对长期持乐观态度，并表示“比特币的长期战略仍然是持续积累。” 与股票的相关性 影响市场的另一个重要因素是更广泛的宏观经济环境。据 BlockTower Capital 联合创始人 Ari Paul 称，股市将面临艰难的走势。 我对市场的看法是：股市将经历 4-15 个月的痛苦（我猜是 9 个月），与通货紧缩的政府政策（主要是关税和大规模裁员）有关。那么这是一个政治问题——特朗普政府是否会“屈服”并转向严重的通胀？在绝大多数类似情况下……— Ari Paul ⛓️ (@AriDavidPaul) 2025 年 2 月 25 日 “我的市场看法是：由于政府的通货紧缩政策（主要是关税和大规模裁员），股市将面临 4-15 个月的痛苦（我猜是 9 个月），”保罗在 X 帖子中表示，并补充说，虽然加密货币和股票的走势并不完全同步，但存在一些短期相关性。 “另类投资至少一开始可能会跟随股票下跌（但它们已经下跌如此之多，甚至与 2021 年的价格相比，它们可能比股票更早触底。）” 阿里保罗 至于比特币，他认为它是黄金和股票的混合体，这表明 BTC 将继续表现得“像黄金和标准普尔 500 指数的混合体”。 “如果黄金保持强势，那就意味着比特币的表现将优于下跌的股票，但可能不会好太多。” 阿里保罗 他预测在下一轮上涨之前可能会出现下跌，并承认回撤至 73,000 美元左右“似乎是有可能的”。然而，保罗仍然对更广泛的牛市充满信心，即使它需要的时间比预期的要长。 概览 尽管最近价格有所下跌，但加密货币社区似乎还没有准备好放弃。相反，投资者看到一个日趋成熟的市场，拥有更多的机构采用、更好的监管透明度和更可持续的增长轨迹。比特币的牛市并没有遵循过去的模式，但这并不一定意味着它已经结束。 山寨币可能不会像之前的周期那样出现疯狂上涨，但部分原因是加密货币不再是一个小众市场——它是一个价值万亿美元的产业。与此同时，宏观经济趋势可能会导致波动，但许多人预计比特币和以太坊将在长期内继续证明其价值。 阅读更多：分析师警告称，随着技术压力加大，比特币面临跌破 8 万美元的风险

21Shares 的比特币以太坊核心 ETP ABBA 将在德意志交易所的 Xetra 平台上上市，该公司将该产品的管理费降低 0.49%。 在最近的一份新闻稿中，全球最大的加密货币交易所交易产品发行人表示，将在 Xetra 交易所上市之前降低其比特币 (BTC) 以太坊 (ETH) 核心 ETP ABBA 的管理费。 该公司的比特币以太坊核心 ETP ABBA 完全由 BTC 和 ETH 支撑，这两种加密货币是市值最大的加密货币。该产品还安全地存放在机构级托管机构中。 从 3 月 12 日起，ABBA 的管理费将下调 0.49%。这家瑞士财富管理公司下调管理费的目的是让双产品 ETP 更具成本效益，并在 Xetra 上市之前让投资者更容易接受。 你可能还喜欢：21Shares 推出四款新的欧洲加密货币 ETP Xetra 是德意志交易所最大的交易所交易产品交易平台之一。该公司希望该产品在 Xetra 上市能够为欧洲投资者提供更多的流动性和可及性。 21Shares 金融产品开发主管 Mandy Chiu 表示，ABBA 的管理费降低符合公司为投资者提供具有成本效益和创新性的加密投资产品的使命。 Chiu 表示：“降低 ABBA 的费用并将其引入 Xetra 是让比特币和以太坊通过值得信赖且受监管的投资工具更易于访问的重要步骤。” 去年 11 月，21Shares 在其欧洲产品中推出了四种加密货币支持的 ETP。这些 ETP 与四种不同的加密货币挂钩，分别是 Pyth Network (PYTH)、Ondo (ONDO)、Render (RENDER) 和 Near Protocol (NEAR)。该公司的 NEAR ETP 允许投资者将代币的质押奖励再投资到 ETP 中。 最近，21Shares 于 3 月 7 日向美国证券交易委员会提交了现货 Polkadot (DOT) 交易所交易基金的正式 S-1 申请。该文件是该公司 1 月 31 日提交的首个 Polkadot ETF 申请的更新版本。 阅读更多：21Shares 推进 Polkadot ETF 申请，DOT 保持 4 美元支撑位

Roughly 46% of hacked funds sit idle on-chain, suggesting opportunities for post-incident recovery, analysts at Global Ledger say. Table of Contents‘No clear playbook here’Cross-chain tracesAttackers getting smarter Hackers are quick, but the systems chasing them are still catching up. A new report by blockchain intelligence firm Global Ledger, based on hundreds of on-chain incidents, shows that in many cases, stolen funds land at laundering destinations before the hack is even publicly disclosed. On average, it takes 43.83 hours from the initial on-chain breach until the incident is reported by either the victim project or a third-party investigator, per the report shared with crypto.news. Hackers, meanwhile, tend to move stolen funds to the first identified entity, such as an exchange, a crypto mixer, or a decentralized finance protocol, within 46.74 hours. The longest delay, however, is the window between public disclosure and the attacker’s interaction with a laundering service, which averages 78.55 hours, suggesting that funds are often already on the move well before a hack becomes widely known. ‘No clear playbook here’ In total, Global Ledger’s researchers measured four key timelines across hundreds of incidents. The time from breach to fund movement, from breach to reporting, from breach to first entity interaction, and from public disclosure to laundering activity. Each lag also tells its own story. How fund movement speed varies by hack target | Source: Global Ledger Attacks targeting NFT projects, for example, show the slowest fund movements. On average, it takes 563.63 hours — or nearly 24 days — for funds from these exploits to move from the first to the last known entity in the laundering chain. That’s more than double the average lag seen in centralized exchange-related hacks, which clock in at around 425 hours. Global Ledger co-founder and CEO Lex Fisun told crypto.news in an exclusive commentary that the long delay — in case of NFTs — isn’t just about low liquidity as these tokens are “unique and harder to offload quietly.” “There’s no clear playbook here, laundering usually involves wash trading or social engineering. Remember The Idols exploit, where the attacker drained $340,000 in stETH but got stuck with the associated NFTs.” Lex Fisun The report highlights how laundering paths vary depending on the type of project exploited. DeFi platforms and tokens typically see funds move through laundering channels within 230 hours, while payment platforms show the fastest turnaround: just 0.6 hours on average. Gaming and metaverse exploits are also among the quicker flows, moving in under 25 hours. Distribution of stolen crypto post hacks | Source: Global Ledger Despite the speed and fragmentation of fund flows, a surprising amount of hacked assets remain untouched. According to the data, nearly 46% of stolen funds are still unspent, suggesting significant opportunities for ongoing tracking and potentially recovery, long after an incident occurs. Cross-chain traces While many funds sit idle, a growing share is slipping through harder-to-trace cross-chain routes. The report shows that 42.23% of stolen funds were moved across chains, bypassing chain-specific monitoring systems. Fisun explained that cross-chain bridges “have already become one of the top money laundering tools” for slipping past chain-specific monitoring. And while repeated abuse could draw AML scrutiny, the Tornado Cash case proves one thing: “sanctions shift tactics, not demand,” Fisun added. Laundering methods by frequency of use | Source: Global Ledger You might also like:‘Where there’s money, there will be hackers’: Ledger CEO Global Ledger’s data also shows Tornado Cash remains the dominant laundering protocol, used in more than 50% of cases tracked by the firm. Despite U.S. Treasury sanctions in 2022, and mounting pressure from regulators globally, the service continues to play a central role in post-hack laundering. Its use spiked again after a U.S. court ruling overturned the sanctions on constitutional grounds in 2024. Other privacy tools are also gaining momentum. Railgun, for instance, was used in 20% of cases, while Wasabi Wallet appeared in 10%. Chainflip, CoinJoin, and CryptoMixer were each involved in less than 7% of laundering flows, the data shows. Attackers getting smarter Fisun noted that slower flows through centralized exchanges — now averaging more than 425 hours — don’t necessarily reflect better compliance alone. It’s both, the Global Ledger CEO said, adding that a slower timeline “is not a glitch, it’s by design” as attackers split assets, hop chains, and use privacy protocols to move stolen funds through CEXs that “try to delay flows that look shady.” Only a small portion of funds are frozen by enforcement or compliance teams. The report suggests that real-time responses remain rare, even as analytics and monitoring tools advance. While the numbers point to continued challenges, they also underline where defenders can gain an edge. The time gaps — sometimes measured in days — show that there’s still space to act before stolen funds fully disappear. Read more:Hackers exploit SourceForge to hide crypto miners in Microsoft Office packages

A strategic equity line gives the Nasdaq-listed company flexible $5 billion in buying power for SOL tokens while compounding staking yields in a bold crypto treasury play. On June 12, Solana (SOL)-focused crypto treasury firm DeFi Development Corp. announced it has secured a $5 billion line of credit to accumulate additional SOL tokens and accelerate its SOL Per Share (SPS) metric. According to the statement, DeFi Development entered into a share purchase agreement with RK Capital Management LLC to issue and sell common stock in order to raise the funds. The company expects to access the facility after meeting customary conditions, including filing a registration statement on Form S-1 with the U.S. Securities and Exchange Commission. Unlike fixed-price equity offerings with large upfront issuances, the agreement uses a “capital-on-demand” model, giving DeFi Development flexibility to raise capital gradually and time deployments with favorable market conditions. You might also like:Trump says he won’t fire Fed Chair Powell, but urges faster rate cuts The company said this structure enables it to scale on its own terms while compounding validator yield and maximizing long-term shareholder value without locking in prices during market volatility. “We now have the flexibility and structure we need to scale,” said Joseph Onorati, Chief Executive Officer. “This is a clean, strategic path to continue growing SOL per share and compounding validator yield.” The move marks a major milestone for DeFi Development, the first publicly traded U.S. company to adopt a Solana-focused treasury policy. According to the statement, the strategy is designed to give investors direct exposure to SOL while supporting the broader growth of the Solana ecosystem. The $5 billion facility positions DeFi Development as a central liquidity engine within the Solana network, while offering traditional investors access to blockchain-native yields. The company’s validator strategy generates staking rewards and delegation fees, reinforcing Solana’s decentralization and aligning its dual role as both investor and infrastructure operator with long-term ecosystem health. Formerly a real estate software company known as Janover, DeFi Development pivoted to a Solana-native strategy in April after a group of former Kraken executives acquired a majority stake. As of its last reported acquisition on May 15, the company purchased 16,447 SOL for $2.3 million. It now holds a total of 609,190 SOL, worth over $97 million at current prices. Read more:RESOLV price crashes after initial rally: what’s going on?