比特币是否让我们更接近“核浩劫”？

加密市场的波动抑制了数字资产投机活动，尽管 3 月 4 日出现反弹，但仍清除了比特币杠杆头寸。 根据 CoinGlass 的数据，比特币 (BTC) 未平仓合约回落至 490 亿美元，即各交易所的 558,914 BTC，达到四个月来的最低点，并重新回到了 2024 年 10 月以来的水平。未平仓合约衡量未平仓期货或期权合约的总和。在这种情况下，BTC OI 计算分配给比特币杠杆头寸的总资金。 数据显示，自 12 月以来，BTC OI 一直处于下降趋势，从价值超过 620 亿美元的约 70 万 BTC 跌至当前水平。3 月 5 日，加密货币领域交易量第二大的 BTC OI 交易平台币安创下了 12 个月以来的新低。 BTC 未平仓合约跌至 10 月以来的最低水平 | 资料来源：CoinGlass 你可能还喜欢：李：比特币接近触底，年底目标仍为 15 万美元 比特币市场未平仓合约 (OI) 稳步下降表明，在 BTC 闪电战创下历史新高期间，现货购买量超过了杠杆驱动的活动。这也可能表明投资者已经改变了 BTC 投机的方向，可能由于波动而削减头寸，或在过去一周数十亿美元的清算中实现损失。 由于宏观不确定性和周期性触底模式抑制了加密货币市场，BTC 在 2 月底跌至 78,300 美元，较 1 月份的峰值 108,786 美元回落了约 25%。 特朗普总统预告将推出包括 BTC 在内的多种资产加密储备，这一消息在上周一度提振了数字资产行业，但随后又出现了另一次抛售。不过，截至发稿时，BTC 和更广泛的加密市场已经收复了一些失地。数字资产总市值稳定在 3 万亿美元以上，而 BTC 突破了 90,000 美元。 分析师预计，本月波动性持续存在，关税引发的贸易战仍在继续，价格将出现更多波动。比特币 Volmex 隐含波动率 30 天指数的季节性模式支持了这一断言。根据图表，波动性可能在 3 月增加，到 4 月减少，这可能会缓冲 BTC 价格并缓解抛售压力。 阅读更多：据报道，特朗普将在白宫加密货币峰会上宣布比特币储备战略

Canary Capital has launched the Canary AXL Trust for institutional investors to gain exposure to the Axelar native token, AXL, which jumped 12.5% after the news. According to the press release, the Canary AXL Trust is meant to be a private, single-asset investment vehicle designed to hold AXL (AXL), the native token of Axelar Network. Canary has appointed Coinbase as the official custodian for the AXL Trust. 新推出的 Canary AXL 信托仅向合格投资者开放，让他们有机会探索比特币 (BTC) 和以太坊 (ETH) 以外的其他加密资产，特别是 AXL 代币。此外，Canary Capital 还提供数字资产投资策略，例如针对机构客户的对冲基金解决方案。 在 Canary Capital 的 AXL Trust 推出后不久，AXL 代币飙升近 13%。根据 crypto.news 的数据，Axelar 代币目前的交易价格为 0.50 美元。在过去 24 小时内，该代币累计交易量超过 4300 万美元，与前一天相比增长了 218.3%。 2025 年 2 月 20 日，Canary 推出 AXL 信托基金后 AXL 的价格图表 | 来源：crypto.news 你可能还喜欢：Axelar 价格在与 Ripple 建立新合作伙伴关系后飙升 AXL has a market cap of $460 million and a fully diluted valuation of more than $596 million. The token currently has a circulating supply of around 918 million AXL. Aside from being used as a governance token, AXL is also used to pay for transaction fees within the network, as well as for staking and receiving rewards when delegated to validator staking pools. CEO of Canary Capital, Steven McClurg, said the firm chose AXL as the underlying asset for this trust because the Axelar network has been a driving force for “most advanced interoperability solutions in Web3.” “As institutional demand for crypto exposure grows, we remain committed to providing structured, secure, and innovative investment vehicles that align with the future of blockchain adoption,” said McClurg in a statement. The Axelar Network is a cross-chain protocol that is closely linked to Ripple’s stablecoin, RLUSD (RLUSD). Axelar acts as the connecting bridge between XRP Ledger and the XRP Ledger Ethereum Virtual Machine. The protocol has seen massive growth in 2024, with a 71% increase in active users and a transaction volume that reached $10 billion. In early 2025, Axelar grew to be the 11th largest blockchain network by total value locked, surpassing $1 billion for the first time 2024 年 10 月，Canary Capital 在美国推出了首个 HBAR 信托基金，该信托基金以 Hedera 网络的原生代币为基础。该信托基金为美国投资者提供了一种结构化的方式来投资 HBAR。 阅读更多：Canary Capital 面向机构投资者推出首个美国 HBAR 信托 披露：本文不代表投资建议。本页内容和材料仅供教育之用。

由于投资者押注美国和中国之间的贸易紧张局势将得到缓解，美国股市周二飙升，收复了前一交易日的大幅失地。 道琼斯工业平均指数上涨 1,009 点，涨幅 2.7%，标准普尔 500 指数上涨 2.4%，纳斯达克综合指数上涨 2.5%。 美国财政部长斯科特·贝森特（Scott Bessent）对一群投资者表示，当前的中美贸易僵局“不可持续”，并暗示局势“降级”是可能的，随后市场飙升。据彭博社援引消息人士的话称，贝森特在摩根大通主持的一次会议上表示：“没有人认为目前的现状是可持续的。” 与中国密切相关的股票反应积极，iShares 中国大盘股 ETF 和 iShares MSCI 中国 ETF 分别上涨约 3%。 您可能还喜欢：比特币价格突破看跌结构：更高的低点是创下新高的起点吗？ 交易可能需要数年时间 然而，在贝森特警告称贸易谈判尚未正式开始且最终协议可能需要数年时间后，股市从盘中高点回落。 “If we walk out the door of negotiations and signed something in two or three years that looked like that, I would think that it’s a huge win,” he reportedly said. 此次急剧逆转发生在周一的抛售之后，当时道琼斯指数在特朗普总统再次攻击美联储主席杰罗姆·鲍威尔后下跌了近1000点。投资者仍然对美国贸易政策的不确定性方向保持警惕，尤其是在美国政府还在与印度进行谈判的情况下。 特斯拉股价在财报发布前上涨了 5%，但由于需求下滑和围绕首席执行官埃隆马斯克的政治争议，这家电动汽车制造商的股价今年迄今仍下跌了约 40%。 根据 crypto.news 的数据，全球加密货币市值为 2.85 万亿美元，较上一天增长 4.30%，比特币 (BTC) 交易价格为 91,340 美元。 您可能还喜欢：随着 memecoin 热潮的兴起，Sui 一天内上涨了 11%

Bitcoin’s complicated decimals might soon be history if a new plan to redefine the base unit as the real “Bitcoin” gets adopted. Bitcoin (BTC) has always had a little quirk that confuses even longtime users: the way it’s measured. Officially, one Bitcoin equals 100 million “base units” — also called “satoshis” or “sats” — but in the industry, it’s usually discussed in decimals, like 0.0001 BTC or 0.345 BTC. This setup, while familiar, can sometimes be a bit of a mess. And now, there’s a proposal on the table that might just shake things up. The idea behind BIP-0177, submitted by Synonym.to CEO John Carvalho and Bitcoin developer Mark “Murch” Erhardt, is pretty simple: it wants to flip the whole system on its head by redefining one Bitcoin to actually mean one base unit. That means the smallest indivisible unit of Bitcoin would become the main reference point. No more decimals, no more fractions — just whole numbers. So what used to be “1 Bitcoin” (or 100 million base units) would become 100 million Bitcoins, and what the industry used to think of as a satoshi would simply be called a Bitcoin. The proposal may seem unconventional, but its backers argue it could help clarify much of the confusion surrounding Bitcoin’s underlying structure as the update “aims to simplify user comprehension, reduce confusion, and align on-chain values directly with their displayed representation,” the proposal says. Decimal mindset Currently, Bitcoin’s ledger records all transactions in discrete, indivisible units — whole numbers. The decimals commonly used are human-imposed abstractions, comparable to imagining that a dollar consists of a billion tiny cents. According to the proposal, this has fostered a “persistent decimal mindset” that misrepresents how Bitcoin actually works. In their own words, the current convention “requires dealing with eight simulated decimal places, which can be confusing and foster the misconception that bitcoin is inherently decimal-based.” Sats in 1 Bitcoin | Source: River So, by redefining the base unit as “one Bitcoin,” BIP-0177 aims to align the displayed values with the underlying structure of the network. This change would eliminate the need to interpret small decimal values, such as 0.000001 BTC, and instead present all amounts as whole numbers. To give an example, something that today displays as 0.00010000 BTC would become ₿10,000, or just 10,000 Bitcoins under the new system. Ten Bitcoins today? That would be ₿1,000,000,000 or one billion Bitcoins. The currency code BTC remains unchanged, so when someone says 1 BTC, they still mean the old standard of 100 million base units. But in user interfaces and apps, the new “Bitcoin” would be the base unit. ‘Will reduce clarity’ This switch isn’t mandatory, though. Applications would be able to offer toggles between the old decimal system and the new integral one, easing users into the change. The proposal even suggests using the ₿ symbol optionally to represent the base-unit bitcoin. MNEE CEO Ron Tarter agrees that removing the decimal place will be easier for everyday people to understand, but warns about naming confusion. “Removing the decimal place will be easier for everyday people to understand. However, the name of the base unit should either stay as ‘sats’ or be renamed to a word that is not already being used to describe a sum of BTC. That will reduce clarity rather than enhance it. Whether you call it a“sat” or something else, most new users still need someone to explain what it is and why owning a small piece of Bitcoin/BTC is valuable. That confusion doesn’t go away with a rename.” Ron Tarter You might also like:Kraken may know Satoshi’s identity: Coinbase director The motivation behind BIP-0177 isn’t just about aesthetics. The BIP team argues that the shift would: Simplify mental arithmetic by using integers only, which could reduce user errors. Align user perception with how Bitcoin actually works, counting whole units, not decimals. Make it easier to teach newcomers about Bitcoin, by removing a confusing decimal layer. Future-proof Bitcoin’s units for growth and adoption, avoiding the need for more denominations or decimals down the line. There’s also a bit about perception. Since the total supply of base units is about 2.1 quadrillion, the new counting method makes Bitcoin’s supply look huge. But the proposal points out this is just a representation change, not a supply increase. It’s similar to how currencies like the Japanese yen or Indonesian rupiah have high unit counts, but nobody thinks of those as inflated. Cleaner fix Not everyone agrees with BIP-0177’s approach. An alternative, BIP-176, suggested using “bits” — each bit being one-millionth of a Bitcoin (or 100 satoshis) — to reduce decimal places. But BIP-0177’s authors think that still keeps you stuck in the decimal mindset. Bits just shift the problem around, forcing users to juggle multiple denominations (BTC and bits). They say the “bits” proposal “does not realign the displayed value with the integral nature of Bitcoin’s ledger,” adding that “it continues to rely on fractional units, masking the fundamental integer-based accounting that Bitcoin employs.” In other words, BIP-0177 sees itself as a cleaner, more durable fix by cutting out fractions altogether. GoMining CEO Mark Zalan told crypto.news that Bitcoin’s biggest challenge in the coming crypto cycle is moving beyond its role as a store of value — often called “digital gold” — toward becoming a true medium of exchange. He believes that increased transaction activity on the Bitcoin network will drive mass adoption and multiply Bitcoin’s value many times over. “We believe this innovation may be a move in the right direction: it makes it easier for users to pay and manage balances in hundred-millionth units. Whether this fraction is called a satoshi or a bit is ultimately a matter of preference. Overall, the proposal is useful.” Mark Zalan Zalan stressed that mass adoption hinges on solving two key issues: instant transaction confirmation, which is necessary for supporting a broad network of point-of-sale terminals, and keeping transaction fees low. One tricky part is the term “satoshi” or “sat,” which many in the community love. It’s a nod to Bitcoin’s mysterious creator Satoshi Nakamoto, and “stacking sats” has become a meme. The proposal acknowledges that, saying that “while culturally valuable, the term introduces an implicit second denomination layer that contradicts the goal of this BIP.” The MNEE CEO says “sats” have become part of Bitcoin’s culture, adding that “it’s in the memes, the language of the community, and even the behavioural framing — people don’t just buy Bitcoin anymore, they ‘stack sats.'” He adds that while this debate may seem cosmetic, the cost is deeper than it appears. At best, it’s a lateral move in usability; at worst, it adds confusion and friction by forcing the community to relearn its own vocabulary. Tarter suggests that if renaming is necessary, the community might as well pick a name that actually signals meaning, like “fracks,” short for fractions, but really, “sats already work — and Bitcoin already earned that branding through adoption. Why change it away now?” Ideological shift The proposal doesn’t ban the word, but it does push for using “Bitcoin” as the sole unit in wallets, exchanges, and documentation to keep things simple and consistent. Tarter cautions that changing the name from “sat” to “Bitcoin” could make things more confusing for users. He noted that people are “already used to 100,000,000 satoshis being equal to 1 Bitcoin,” adding that “hundreds of millions of people are familiar with this framework.” “If you start referring to 1 satoshi as being 1 Bitcoin, that will obviously be confusing for a lot of people. Frankly, most users aren’t asking for a new name — they’re asking for clearer interfaces, simpler conversions, and fewer barriers to using Bitcoin in real life.” Ron Tarter This change wouldn’t alter Bitcoin’s blockchain or its consensus rules; it’s purely a shift in how values are displayed. The underlying ledger would continue to operate in base units as it always has. Implementing the new system would require developers to update user interfaces, APIs, and documentation, while adoption would involve a period of adjustment to viewing large whole numbers instead of decimals. That said, there are some concerns about confusion during the transition. People used to decimals might think their holdings suddenly jumped or shrank. To avoid that, the BIP recommends dual displays, tooltips, and clear education to help folks understand the equivalence. Interestingly, some wallets, like Bitkit, have already tried showing Bitcoin amounts as integers, and the experience has been smooth. The proposal lays out a phased approach to adoption: In the first 3-6 months, roll out dual displays and educational materials in pilot apps. Over 6-12 months, more services adopt integer-only displays by default, supported by community coordination. After a year or more, the integer format becomes the norm, and references to decimal Bitcoin fade away. Whether the Bitcoin community embraces this new way of thinking remains to be seen. Read more:CZ speculates Satoshi Nakamoto is an AI from the future

Former U.S. Commodity Futures Trading Commission Chairman Christopher Giancarlo has joined Swiss crypto bank Sygnum as a senior policy advisor. Giancarlo, who led the CFTC from 2017 to 2019, will be advising Sygnum on global regulatory developments and strategic partnerships, the company said in a May 27 announcement. His appointment comes as institutional interest in digital assets continues to rise, with growing regulatory clarity in key markets.  Giancarlo will join Sygnum’s Advisory Council, a 12-member body that seats other industry leaders such as BlackRock Vice Chair Philipp Hildebrand and MIT’s Alexander Lipton. Sygnum, based in Switzerland and Singapore, is one of the world’s first regulated digital asset banks. It achieved unicorn status earlier this year after raising $58 million in a funding round and continues to expand its institutional services across major global markets. At Sygnum, Giancarlo will contribute his regulatory experience and international policy insights to support the firm’s expansion and engagement with both public and private sector stakeholders.  You might also like:Swiss bank Sygnum starts accepting staked SOL as collateral for fiat loans He is expected to play a key role in shaping the bank’s approach to strategic growth initiatives, including M&A and cross-border collaboration, according to Sygnum Co-Founder and Group CEO Mathias Imbach. “His deep understanding of the regulatory landscape, financial market infrastructure, and public policy, as well as his extensive network, particularly in the US, will be invaluable as we continue our growth journey,” Imbach said. During his tenure at the CFTC, Giancarlo oversaw the approval of the first U.S. Bitcoin futures contracts and gained a reputation for supporting innovation in financial markets. He earned the nickname “crypto dad” for his pro-crypto stance and his advocacy for balanced regulation during congressional testimony. Following his time in public office, Giancarlo has remained active in the digital asset space. He has previously joined the board of directors at Paxos, a regulated stablecoin issuer, and served as an advisor to investment firm CoinFund and crypto lender BlockFi. He also consulted for fintech firm Digital Asset, focusing on tokenization and distributed ledger technologies. The former CFTC chair was also a vocal participant during the White House Digital Asset Summit, held earlier this year, and was also a potential contender for President Donald Trump’s Crypto Czar role. Read more:Swiss crypto bank Sygnum adds Deribit into off-exchange custody platform