由于质押需求减弱，以太坊的 TVL 在 2 月份下跌了 30％

1 月 28 日，随着比特币回升至 10.2 万美元，美国现货比特币交易所交易基金转为流入，市场为即将召开的 FOMC 会议做好准备。 根据 SoSoValue 的数据，12 只比特币 ETF 周二恢复净流入，流入资金为 1844 万美元。此前一天，资金流出 4.5748 亿美元，原因是投资者对中国人工智能应用 DeepSeek 日益流行的担忧导致风险规避情绪加剧，科技股和加密货币市场均大幅下跌。 昨日流入的资金全部来自贝莱德的 IBIT，该基金吸引了 3014 万美元的投资者资金。目前，该比特币现货基金的总净流入量接近 400 亿美元，而其净资产为 587.6 亿美元。 与此同时，ARK 和 21Shares 的 ARKB 录得 1170 万美元的流出，部分抵消了当天的流入量。其余比特币 ETF 当天的资金流入量为零。 1 月 28 日，12 只 BTC ETF 的总交易量为 24.9 亿美元，远低于前一交易日的 48 亿美元。 你可能还喜欢：美国银行称美联储应停止降息——加密货币将如何应对特朗普2.0？ 在短暂跌至 100,000 美元附近后，比特币 (BTC) 已反弹至本文撰写时的 102,000 美元左右。过去 24 小时内，由于市场期待即将召开的联邦公开市场委员会 (FOMC) 会议，该加密货币一直稳定在六位数以上，会议将在不到 13 小时内开始。 根据 CME 的 FedWatch 工具，美联储维持利率在 4.25% 至 4.50% 不变的可能性为 98.4%。市场评论员预计，如果美联储主席杰罗姆·鲍威尔维持强硬的货币政策立场，比特币将经历更大的看跌波动。 阅读更多：NVIDIA 跌跌撞撞，科技市场动荡，但 DeepSeek AI 可能成为加密货币领域的领先者

马来西亚央行在其年度报告中概述了支持资产代币化和探索数字资产技术的计划，但并未计划将加密货币视为法定货币。 马来西亚中央银行马来西亚国家银行发布了其 2024 年年度报告，强调人们越来越认识到代币化有助于提高金融体系的效率，同时仍对加密货币的风险保持谨慎。 该央行在 3 月 24 日的一份研究报告中表示，在马来西亚，加密货币市场“仍然活跃，但与国内金融市场的整体规模相比规模较小”。 “根据银行向国内注册数字资产交易所的累计净存款流出量，截至 2024 年底，加密资产占银行系统总存款的不到 1%，占马来西亚交易所上市证券市值的 0.4% 左右。” 马来西亚中央银行 尽管如此，马来西亚央行表示，该国的加密货币市场一直很活跃，并补充说，到 2024 年，该国的加密货币总交易量将从 2023 年的 11.9 亿美元增加到约 30.6 亿美元，增幅约为 157%。 你可能还喜欢：马来西亚反腐败机构利用区块链和人工智能打击欺诈 新机遇 央行还概述了其继续致力于探索数字资产技术，重点是支持资产代币化和央行数字货币的发展。监管机构在报告中指出，受监管金融部门的资产代币化“通过实现可编程性、可组合性和原子性创造了新的机会”。 “除其他外，BNM 认为代币化存款有潜力成为可靠的链上结算资产，以补充批发 CBDC。与传统商业银行存款一样，受监管金融机构发行的代币化存款是对发行银行的债权。” 马来西亚中央银行 尽管 BNM 认识到代币化在提高金融系统效率方面的潜力，但它明确表示不会将加密货币视为法定货币。相反，央行计划密切关注加密货币领域，预计该领域将在 2025 年继续增长。 阅读更多：马来西亚当局警告加密货币投资欺诈行为有所增加

ZKsync 确认，一个被盗用的管理员账户从其空投合同中盗走了价值约 500 万美元的 ZK 代币。 该团队在 X 上的一份声明中表示，该漏洞仅影响无人认领的代币，并未危及用户资金或核心协议。 ZKsync 的安全团队写道：“这是由密钥泄露引起的孤立事件，仅限于 ZK Token 空投合约。”调查正在进行中，团队承诺提供详细的事件报告。 此次漏洞引发了大幅抛售，ZK 代币价格在 UTC 时间 13:50 左右下跌了 15-20%。据 CoinMarketCap 的数据，截至发稿时，ZK 当日下跌了约 11%。 ZKsync 安全团队已确认一个被盗管理员账户已窃取价值约 500 万美元的 ZK 代币（即 ZKsync 空投中剩余的未领取代币）。我们正在采取必要的安全措施。所有用户资金均安全无虞，从未面临风险。ZKsync……— ZKsync (∎, ∆) (@zksync) 2025 年 4 月 15 日 此次漏洞似乎源于与管理剩余空投分配的合约相关的管理员凭证被盗。ZKsync 强调，协议本身和 ZK 代币合约仍然安全，并且不会有其他代币面临风险。 ZK 代币于 2024 年 6 月作为期待已久的空投的一部分推出。虽然此次推出意义重大，但也因其抗女巫攻击能力和分配不公平而招致批评。 ZKsync由Matter Labs开发，总供应量为210亿个ZK代币。 您可能还喜欢：CleanSpark 终止 100% HODL 政策，从 Coinbase Prime 获得 2 亿美元

在 Vitalik Buterin 嘲笑他的 Stock-to-Flow 模型近三年后，匿名分析师 PlanB 反击，称以太坊为“中心化预挖的垃圾币”。 PlanB 是比特币（BTC）存量流量模型背后的匿名分析师，他在 X 上的一篇文章中将矛头指向了以太坊（ETH），称该项目看起来比以往任何时候都更糟糕，并认为像 ETH 这样的中心化、预挖的货币——采用权益证明而非工作量证明，并且具有灵活的供应计划——对这个领域是有害的，应该受到嘲笑。 以太坊现在看起来确实不太好我知道沾沾自喜之类的很不礼貌，但我认为像 ETH 这样的垃圾币，它们是中心化的、预挖的，使用 PoS 而不是 PoW，可以随意切换供应计划，是有害的，应该受到嘲笑https://t.co/4EAh8LvsvD pic.twitter.com/nLTLqJz4wp— PlanB（@100trillionUSD）2025年4月20日 在 4 月 20 日的 X 帖子中，PlanB 写道“以太坊现在看起来真的不太好”，并补充说“像 ETH 这样中心化和预挖的垃圾币”是“有害的，应该受到所有的嘲笑”。 PlanB 的评论是在以太坊联合创始人 Vitalik Buterin 批评 PlanB 的 Stock-to-Flow 模型近三年后发表的，该模型试图根据比特币现有供应量与通过挖矿新发行率之间的比率来预测比特币的价格。 现在库存流量比确实看起来不太好。我知道沾沾自喜之类的行为很不礼貌，但我认为那些给人们一种虚假的确定感和宿命感——认为数字会上升——的金融模型是有害的，理应受到嘲笑。https://t.co/hOzHjVb1oq pic.twitter.com/glMKQDfSbU— vitalik.eth (@VitalikButerin) 2022 年 6 月 21 日 您可能还喜欢：“愚蠢的蟑螂”：以太坊基金会因持续抛售 ETH 和尴尬的用例辩护而受到猛烈批评 早在2022年6月，Buterin就发帖称：“现在的存量流量比（S2F）真的不太好。我知道沾沾自喜之类的不太礼貌，但我认为那些给人们一种虚假的确定感和预感，认为数字会上升的金融模型是有害的，理应受到嘲笑。” 这番话是在比特币价格与S2F模型的预测出现巨大差异之际发出的。 现在，PlanB 似乎正在反击，这一次，以太坊难以表现出任何有意义的价格势头，市场密切关注着以太坊基金会继续采取代币抛售模式，这引起了整个加密领域的关注。 在另一篇 X 帖子中，PlanB 指出，以太坊“在各个方面都符合”成为“真正的垃圾币”的条件，因为它“没有固定的供应计划”或“货币政策”。此外，PlanB 还表示，ETH 的表现从未超过比特币。他还指出，以太坊的代币分配模型存在问题，并表示以太坊基金会的抛售“伴随着预挖”，这是一个“巨大的危险信号”。 Read more:“让我有想要放弃的情感渴望”：以太坊创始人布特林对社区专注于“degen casino”感到沮丧

PI, the native token of Pi Network, resumed its downtrend in May as it failed to hold the $0.6 support level amid bearish technicals. Pi Network (PI) has fallen nearly 10% over the past week, exchanging hands at $0.59 as of press time.  Zooming out the charts, the token has lost over 23% of its value from last month’s high and nearly 80% from its all-time high of $2.99 reached in late February. Its market cap was seated at $4.1 billion, over a 40% drop in its daily trading volume, hovering at $75 million when writing. Most of the recent selling pressure came from dilution fears. In April alone, about 21.4 million PI tokens were unlocked, worth roughly $12.3 million at today’s prices. While that’s a small unlock for now, investors are likely already bracing for much bigger unlocks coming down the line. Looking ahead, the monthly unlock trend points to a steady rise in supply, with an average of over 131 million PI expected to hit the market each month over the next year. You might also like:PI Network shows bullish divergence: is a reversal to $0.97 in play? Pi Network ecosystem is expanding Despite its depreciating price, a host of ecosystem developments could reignite community hype and set it up for a major trend reversal over the coming months. First, with Pi Network’s open mainnet now live, developers have continued to build a plethora of utility-driven dApps, including key platforms like 1Pi Mall for Pi-based e-commerce, Workforce Pool as a freelancing marketplace, and Map of Pi for discovering and transacting with Pi-accepting businesses. The network had already reached its target of 100 dApps ahead of the Open Mainnet launch. Since then, developer activity has continued to grow, with recent additions like Piepump.fun, a memecoin launcher inspired by Solana’s Pump.fun, and Fruity Pie, a casual game where players can earn Pi as rewards. Second, the Pi Network team has introduced the Pi Ad Network, a decentralized advertising platform that enables advertisers to purchase ad space using Pi cryptocurrency and allows app developers to earn Pi by displaying these ads within their applications. This system creates a closed-loop economy: advertisers acquire Pi to pay for ad placements, and developers receive Pi as compensation for user engagement with these ads. By utilizing Pi for both transactions, the network ensures that value circulates entirely within the Pi ecosystem, reducing reliance on external advertising platforms like Google Ads. Third, Pi Network has introduced .pi domains, which allows users to bid for custom domain names using Pi Coin. These blockchain-based domains serve as unique identifiers within the Pi ecosystem. Accessible via the Pi Browser or through .pinet.com on traditional browsers, the domains aim to boost Pi’s utility while proceeds from auctions are slated to support ecosystem growth. Finally, Pi Network is accelerating real-world adoption of Pi through community-driven events like PiFest and targeted merchant onboarding initiatives.  PiFest 2025, held from March 14 to 21, showcased over 58,000 active sellers across 160+ countries, with more than 1.8 million Pi users participating in Pi-powered transactions using the Map of Pi app to connect users with local businesses accepting Pi. Potential exchange listings could boost PI Some bullish momentum for Pi can also come from a potential Binance listing. Pi has already secured listings on several centralized exchanges, including OKX, Bitget, and MEXC; however, Binance has yet to list PI. In a 2025 community vote, over 86% of nearly 295,000 Binance users supported the spot listing of Pi.  Binance listings typically result in more liquidity, higher trading volumes, and increased visibility for tokens. As the world’s largest crypto exchange by volume, a Binance listing could significantly boost Pi’s market presence and act as a key catalyst for broader adoption. If Pi makes it to Binance, other tier-1 exchanges, such as Coinbase, Upbit, Crypto.com, and Kraken, that are yet to list the altcoin, could also follow suit.  PI price analysis At the moment, Pi’s technical outlook remains bearish, with key indicators pointing to continued downside pressure. On the 1-day/USDT chart, PI’s price continues to remain under the 20-day and 50-day exponential moving averages, signalling that bears are still in control and the short-term and medium-term trends remain under pressure. PI price, 50-day and 50-day EMA chart — May 2 | Source: crypto.news The RSI is sitting at 41, which is below the neutral 50 mark and getting close to oversold territory.  PI MACD and RSI chart — May 2 | Source: crypto.news On top of that, the MACD is also showing signs of fatigue, while the MACD line is still just above the signal line, they’re creeping closer together and could soon cross into a bearish signal, hinting at a possible momentum shift to the downside. Hence, the next challenge for Pi would be to reclaim the psychological resistance level at $1 before a rally towards its all-time high could transpire.  According to one trader, if PI manages to break above $0.645, the upper boundary of a descending trendline formed since April 5, it could rally to $0.81–$1, as long as trading volume keeps increasing. However, the trader warned that if PI drops below $0.57, it could trigger further selling and push the price down to $0.40 or even lower. Since Pi is a community-driven project, social sentiment will continue to play a critical role in shaping its price trajectory. For now, that sentiment remains largely negative according to data from Santiment. Source: Santiment At press time, PI was down 3% over the past day, trading at $0.59 per coin. Read more:Pi Network holds $0.61 support as RSI hints at a reversal Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.