10x Research：本轮牛市已经结束；除非出现新的叙事，否则下一轮牛市不会到来

基于 Solana 的平台 Zebec Network 推出了由万事达卡提供支持的加密借记卡 Zebec Carbon。 该卡允许用户在任何接受万事达卡的地方使用加密货币，具有零费用、隐私保护和即时激活等特点。 Zebec Carbon 以“零费用”卡的形式销售，这意味着用户无需支付注册费、月费或交易费。 🚀 推出 Zebec Carbon——世界上第一张可充值、零费用且完全私密的加密借记卡。🔹每日可充值高达 10,000 美元🔹几秒钟内准备就绪🔹零费用 – 1 USDC = 1 美元🔹100% 私密 🔐🔹 由万事达卡全球支持 🌍ð§µð pic.twitter.com/aErc2aqQ2K— Zebec Network (@Zebec_HQ) 2025 年 3 月 27 日 该卡以 1:1 的汇率将稳定币兑换成法定货币，实现无缝消费。它支持每笔交易最高 1,000 美元的充值和每日最高 10,000 美元的消费。 该卡兼容 Apple Pay 和 Google Pay。 你可能还喜欢：BitGo 与 Republic 合作扩大私募股权投资渠道 Crypto as a financial backing  与与银行账户关联的传统借记卡不同，Zebec Carbon 采用加密货币作为资金来源。 用户将数字资产充值到卡中，在购物时会将其转换为可消费的货币。该公司强调隐私是其主要功能，声称交易与个人身份无关。 随着公司探索将数字资产整合到日常交易中的方法，加密借记卡越来越受到关注。 Zebec 声称美国居民无需身份验证即可立即获得批准。 你可能还喜欢：Cardano breaks out, while Solana layer-2 solution closes in on $30m

备受期待的主网上线后不到一小时，Pi 币就飙升了 35％ 以上。 Pi Network 是备受关注的点击赚钱加密货币网络，于今天（2 月 20 日，UTC 时间上午 8 点）启动了其开放主网。此次发布对于该项目来说是一个重要的里程碑，该项目已开发了六年多，自 2021 年以来一直在封闭的主网中运行。 随着主网的推出，被称为先驱者的 Pi 社区成员可以交易他们的 Pi 币，而网络上的开发人员可以向全球用户群展示他们的工作。开发人员已经开发了 100 多个应用程序，迎合各种行业，包括去中心化金融和游戏。 与传统的工作量证明网络不同，Pi 允许用户通过移动应用程序挖掘 PI，从而让全球受众都可以参与。 这种可访问性推动了大规模采用，甚至在正式发布之前就有数百万用户参与了该网络。Pi Network 目前在 X 上拥有超过 380 万粉丝，超过了以太坊基金会、Solana 和其他主要网络。在巅峰时期，该项目拥有超过 5000 万用户。 Pi Network 主网的发布因其规模而备受期待。Pi 主网上线后，包括 OKX、HTX、Bybit、MEXC、Gate.io、BitMart 和 Bitget 在内的多家中心化加密货币交易所都上线了 Pi 币 (PI)。 与此同时，全球最大的加密货币交易所币安则采取了不同的方式，就是否应该上线 PI 进行了民意调查。民意调查将持续到 2 月 27 日，结果不太可能改变。 其他知名交易所，如 Coinbase、Kraken 和 Upbit，尚未确认是否会上线 Pi Network 的代币。 You might also like:Pi Coin 即将在主网启动前确保币安上市 Pi Coin 上市后波动较大 Pi Coin 在加密货币交易所上市后价格大幅波动。根据 CoinGecko 的数据，PI 在多次上市后的第一个小时内上涨了 36.8%，最高达到 1.97 美元。 截至发稿时，Pi Coin 在 OKX 上的交易价格为 1.8 美元，在 Bitget 上的交易价格为 1.78 美元，较主网启动前一天 61 美元至 70 美元的投机 IOU 价格大幅下跌。 上市后不久，该山寨币在 Bitget 上一度飙升至 3.4 美元，随后迅速回落至当前水平。与此同时，在 Bybit 上，PI 的价格在交易开始后不久就跌破了 1 美元大关。 Nevertheless, Pi Coin could see further gains as its large community base and newcomers looking to cash in on the hype continue to accumulate the token. The hype surrounding potential listings on major exchanges like Binance, Coinbase, and Kraken could further drive buying pressure as investors position themselves in anticipation of a price rally. However, these gains could be short-lived if early miners, who have been accumulating Pi for years, start cashing out. Hype-driven rallies often face sharp pullbacks, and history shows that newly listed tokens tend to experience heavy sell-offs before finding a stable price range. Further, since these tier-1 listings could come days or even weeks later, the current hype might be cooled by then, reducing the impact on price action. 阅读更多：Pi 币加密货币有价值吗？ 披露：本文不代表投资建议。本页内容和材料仅供教育之用。

去中心化永续合约交易平台 dYdX 更新了其近期路线图，详细介绍了以提高速度和用户体验以及推出新交易功能的改进。 根据其近期（未来两个月）路线图更新，dYdX (DYDX) 计划通过减少停机时间、陈旧数据和吞吐量限制来提高其网站在交易活动高峰期的稳定性。此外，该平台将使存款和取款流程更轻松、更快捷，使用户能够在不到一分钟的时间内访问 dYdX 链上的资金，而通常需要等待 18 分钟以上。该网站的前端界面也将进行改进，使其能够更快地加载竞争对手提供的新功能，例如仅减少限价订单、缩放订单和 TWAP 订单。最后，该平台将每两周发布一次开发和部署说明，让社区随时了解进展情况。 一旦这些更新实施完毕，dYdX 计划发布今年剩余时间的详细路线图。他们已经预先展示了长期路线图将包含的潜在发展。这些包括扩大数字资产产品（包括预发布资产和现实世界资产）、集成预言机以提供更好的价格信息、与以太坊集成、通过 Hummingbot 和 CCXT 等工具促进自动交易，以及推出奖励计划。 你可能还喜欢：dYdX 社区批准收益分享提案 目前，dYdX 主要面向需要深度流动性、算法交易支持和永续合约杠杆交易的专业交易者。然而，该平台在其路线图更新公告中表示，它希望吸引更多散户投资者。为此，该公司最近发布了一款新的精简版移动应用程序。未来，它计划与主流钱包和其他第三方应用程序集成，让更多用户可以使用 dYdX。 路线图更新紧随 dYdX Chain 近期升级至 8.0 版本之后，该升级由社区投票决定。此次升级引入了“许可密钥”，让交易者能够更好地控制自己的账户，并能够删除不活跃的市场，以保持平台的精简。 受最新路线图更新的推动，可质押并用于治理的 DYDX 代币交易价为 0.59 美元，在过去 24 小时内上涨了 8%，24 小时交易量为 22,762,737 美元。 你可能还喜欢：dYdX Chain v8.0 升级投票已上线

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 world stands at a crossroads—as it always does. Economic systems once promising stability and growth have revealed deep flaws: centralized control, rampant inequality, and short-term thinking have left humanity grappling with extremes of poverty and wealth. As we look to the future, the idea of a “divine economy” emerges not as a utopian fantasy but as a practical, long-term project. You might also like:DeFi needs a (healthy) dose of paranoia about risk management | Opinion This endeavor, likely spanning centuries, seeks to build a civilization rooted in sound money, true prosperity, and renewed relationships between individuals, communities, and institutions—relationships currently fragile, if not broken. While innovations like Bitcoin (BTC) and the Bitcoin Standard offer compelling foundations, this vision does not depend on their inevitable success. Rather, it draws from their principles to propose a global economy balancing competition and compassion, individual success and collective advancement. A global currency grounded in sound money A divine economy requires establishing a global currency grounded in sound money. For too long, fiat currencies have been manipulated, inflated, and politicized, eroding trust and distorting value. A global currency—potentially Bitcoin—would transcend borders, fostering free trade and fiscal prudence. Sound money resists devaluation and encourages long-term thinking, demanding transparency from institutions and accountability from individuals. Imagine a world where savings retain value across generations, money issuance is decentralized and verifiable (such as Bitcoin mining), and economic incentives align with sustainable growth rather than reckless speculation. This does not reject national sovereignty but proposes a framework where nations prosper through healthy competition, free from currency wars or exploitative debt cycles. Redefining true prosperity Yet, a global currency alone is insufficient. True prosperity extends beyond material wealth, encompassing human nobility—creativity, resilience, and ethical conduct. Prosperity is not solely measured by GDP or personal fortunes but by community strength, individual dignity, and shared spiritual aspirations driving humanity forward. Technological and financial innovations must pair with new social relations. Individuals must see their progress intertwined with others’ advancement. Communities must foster trust and mutual support. Institutions—governments, corporations, global bodies—must operate with integrity for the common good. This shift requires recognizing our shared humanity, a principle underpinning every transaction and policy. New relations for a new economy Extremes of poverty and wealth cannot be solved by markets alone. Free markets, essential for innovation and freedom, must be tempered by generosity and genuine philanthropy. In a divine economy, success is not zero-sum. The wealthy are not vilified, nor the poor abandoned; both are integral to a thriving whole. Philanthropy becomes a natural extension of prosperity, not performative virtue-signaling. Generosity flows from understanding that humanity’s strength depends on uplifting everyone. This is not socialism—it preserves competition and reward—but infuses them with a higher purpose. A business leader might invest in education for underserved regions, knowing that an educated society benefits all. A worker saves diligently, understanding their effort contributes to stability and transparency. Compassion as an economic force Compassion lies at the heart of this vision, not as a vague sentiment but as a practical economic force. Consider Bitcoin’s potential mass adoption: its decentralized nature empowers individuals under oppressive regimes, giving them access to a global economy free from censorship or confiscation. Yet, compassion demands more—it requires mechanisms ensuring those without technical knowledge or resources are not left behind. A divine economy might pair Bitcoin’s infrastructure with community-driven initiatives, where local leaders teach sound money, or mining profits reinvested in social goods like healthcare or clean energy. Compassion also means designing systems rewarding long-term horizons over short-term greed. Fiscal prudence becomes a virtue, encouraging individuals and nations to plan rather than borrow against the future. Navigating challenges and competition Transitioning to a divine economy faces challenges. Bitcoin, despite its promise, encounters hurdles—scalability, energy concerns, and resistance from entrenched powers. Its success isn’t guaranteed, but its ideas inspire. A global currency must navigate geopolitical tensions; nations won’t easily relinquish control over monetary policies. Yet, the argument for such a system is compelling. A unified standard reduces trade friction, eliminates currency manipulation, and fosters trust. Nations still compete through innovation, culture, and governance on a level playing field. Healthy competition thrives when rules are fair and rewards are genuine. Embracing a thousand-year view This vision assumes humanity is capable of more than self-interest. It rests on the belief that we are noble beings driven by spiritual aspirations as well as material needs. Ethics and virtues—honesty, justice, generosity—become economic bedrocks, not optional extras. A merchant does not cheat because integrity matters more than profit; a policymaker serves because service outweighs ambition. These aren’t naive assumptions; they’re prerequisites for a civilization that endures. History shows systems built on exploitation or mistrust eventually collapse. A divine economy seeks to break that cycle. The journey to this civilization will take centuries, not decades, demanding patience, experimentation, and learning from failures. Bitcoin’s principles—decentralization, transparency, sound money—offer a starting point but aren’t the whole answer. These ideas must integrate into broader actions, encompassing compassion, philanthropy, and profound recognition of humanity’s oneness. Individual progress must fuel collective advancement, and vice versa. Institutions must evolve, shedding corruption and embracing accountability. Communities must bridge divides, turning strangers into neighbors. As I see it, the divine economy is not a destination but a direction—a project demanding our ingenuity, empathy, and resolve. It asks us to imagine a world where money serves humanity, prosperity is shared, and competition lifts us all higher. This is the civilization I believe we can build, step by deliberate step, over the long arc of time. The tools—Bitcoin’s lessons, free markets, human connection—are in our hands. The question is whether we have the will to use them wisely. I believe we do. Read more:US Bitcoin reserves a win-win for inflation and solidifying Bitcoin’s value | Opinion Ben Caselin Ben Caselinis the chief marketing officer at VALR.com, the Pantera-backed crypto exchange. Headquartered in Johannesburg and the largest exchange by trade volume on the African continent, VALR serves over 1,300 corporate investors and more than one million traders worldwide. Drawing on years of experience in the digital asset space, mostly in Hong Kong, Dubai, and now South Africa, Ben focuses primarily on driving the adoption of bitcoin in emerging markets and advocates for an approach to innovation on the basis of spiritual principles. 

Bounce 在 2025 年呈现抛物线走势，成为市场上表现最好的加密货币之一。 在过去连续六周内，Bounce (AUCTION) 升至 67.55 美元的高位——这是自 2021 年 10 月以来的最高水平。它已从今年的最低水平上涨了 712% 以上，市值超过 3.8 亿美元。 由于许多散户投资者害怕错过或 FOMO，这一激增速度加快。Santiment 数据显示，活跃地址数量呈抛物线式增长，达到 1,505 个的高位。自本月初七天地址数量不足 400 个以来，这是一个显着的增长。 更多链上数据表明，这种激增可能是鲸鱼操纵的一部分。价值超过 10 万美元的鲸鱼交易数量已跃升至数月来的最高水平。同样，价值超过 100 万美元的交易也飙升。 你可能还喜欢：比特币、以太坊、XRP 价格在三重巫师节前形成危险模式 鲸鱼交易数量的增加可能是一个好信号，尤其是当他们在积累时。Santiment 的鲸鱼交易数量并没有提供更多关于这些鲸鱼是在买入还是卖出的信息。 平均美元投资年限 (MDIA) 指标显示，该代币存在红色警示。365 天 MDIA 指标已从本月初的 112 跌至 38。 同样，90 天 MDIA 指标从 33.4 降至 3。MDIA 指标的下跌通常预示着代币将出现大幅逆转。 Bounce Token 链上数据 | 来源：Santiment 由于持续的飙升并未与 Bounce Finance 的任何重大新闻相吻合，因此鲸鱼操纵的风险已经上升。 最新消息发生在周五，当时开发人员推出了 Bouncing Art Onchain，一种用于标记现实世界艺术的产品。 Bounce 代币价格分析 BOUNCE 图表 | 来源：TradingView 周线图显示，AUCTION 代币价格本月早些时候从 7.10 美元触底，目前为 67.54 美元。它突破了 48.95 美元的重要阻力位——这是去年 12 月的最高水平。它也突破了 50 周移动平均线。 有迹象表明它已经进入威科夫理论的减值阶段。此阶段通常紧接着分配，然后是减值，资产下跌。 拍卖价格也升至超买水平，相对强弱指数和随机震荡指标飙升。因此，随着进入派发阶段，未来几天可能会出现大幅逆转。 阅读更多：Tether 计划与“四大”公司合作进行储备审计：首席执行官