稳定币交易所余额创三个月新低

披露：此处表达的观点和意见仅属于作者，并不代表 crypto.news 编辑部的观点和意见。 证券市场充斥着监管违规案件。尽管现有的全球和国家证券监管框架十分完善，但监管机构仍面临严峻的执法挑战。除了个人损失外，违规行为还会损害信誉，并对市场造成负面影响。利用分布式账本技术进行资产代币化，可以通过内在合规的金融工具来规范市场纪律。它通过基于区块链的“了解你的客户/反洗钱”（KYC/AML）、透明的报告机制和不可篡改的数据历史记录，确保有效的监管执行。 You might also like:美国重点关注代币化友好型会计规则 | 观点 监管执行不力导致金融灾难 2008年金融危机表明，为了维护全球经济稳定，必须妥善执行金融监管。全球金融危机爆发后，二十国集团发布了一份题为“加强健全监管和增强透明度”的报告，重点强调了严格的监管执行。该报告指出： “实现监管框架的目标不仅需要健全的监管，还需要有效的执法。无论规范市场参与者行为的规则多么健全，如果执法体系无效……该体系实现预期结果的能力就会受到削弱。.” 在国际货币基金组织题为《证券市场执法挑战》的工作论文中，安娜·卡瓦哈尔和詹妮弗·埃利奥特列举了历史上几个不合规的例子。例如，2008年，美国金融家伯纳德·麦道夫策划了价值500亿美元的庞氏骗局；2005年，安然和瑞富的投资者因大规模会计欺诈分别损失了650亿美元和488亿美元。 这些例子表明，即使是像美国证券交易委员会这样强大的执法机构，也无力发现和预防欺诈行为。更重要的是，它们表明，尽管拥有足够的法律权力和资源，监管执法仍然举步维艰。 证券监管的主要目标是保护个人投资者和消费者免受欺诈、客户资金挪用以及证券公司不当建议的侵害。除了保护个人之外，严格的监管标准还能维护市场廉洁，维护投资者对行业的信心。 监管机构必须严厉打击内幕交易和蓄意操纵市场的行为，以恢复金融稳定，恢复正常秩序。然而，监管机构只有拥有必要的工具来监督和执行现有立法，才能有效采取行动，确保市场长期安全。 从历史上看，监管机构存在一些固有的缺陷，加速了市场动荡。例如，薄弱的公开披露体系削弱了投资者信心，因为资产负债表风险的规模仍然不透明。 场外交易市场缺乏透明度，利益相关者获取准确定价、交易量和持仓量的信息渠道有限。此外，由于系统性缺陷，现有的跨境金融违规解决机制仍然不足且无效。 直到最近，监管机构仍缺乏合适的工具来监督和有效执行法规，以防止违反法律的行为。基于DLT的资产代币化使监管机构能够通过及时发现和干预来缓解市场动荡，从而加强执法行动和合规性。 代币化证券确保更好的监管合规性 代币化证券通过提供对交易历史和所有权记录的实时洞察，实现了强有力的合规制度。因此，监管机构利用分布式账本技术 (DLT) 来监控金融活动、审计账簿、预防欺诈，并通过自动化解决方案确保合规性。G20 报告指出： “A regulatory framework with strong monitoring, prosecution, and application of penalties provides the incentives for firms to follow the rules. This, in the end, adds to the framework’s credibility and enhances investor confidence in the financial system.“ 基于区块链的代币化证券，简化了公司报告要求，为投资者提供便捷准确的信息。因此，代币化证券有助于监管机构监控事件，并在违规行为发生时及时提起诉讼，从而维护公信力。 代币化帮助证券发行机构在链上创建和管理身份，从而无缝遵守 KYC/AML 准则。由于区块链的不可篡改性保证了数据存储的防篡改，在代币的生命周期内，身份管理变得更加轻松透明。 此外，代币化证券在交易过程中使用基于智能合约的自动化，并由分布式账本技术 (DLT) 维护统一的数据库。与传统证券市场不同，传统证券市场中的中介机构维护单独的数据账本，并且头寸对账成本高昂，而区块链则避免了利益相关者之间的信息不对称。 由于没有多个包含不同定价数据的账本，监管机构更容易追踪链上代币化证券，从而发现任何违规行为。与可以篡改汇总交易数据的中心化中介机构不同，基于分布式账本技术的证券使监管机构能够监控带时间戳的证券发行和购买历史。 In a global market, tokenized securities make regulatory compliance easier for cross-border transactions, fractional ownership, and secondary markets. Apart from generating more market liquidity, tokenization helps financial entities to abide by local, national, and international laws simultaneously. The securities market funds diverse real-world sectors and catalyzes economic growth. Innovations like tokenized securities are crucial for enhancing market efficiency in a global and interconnected financial market. Consequently, the regulatory framework must keep pace with market risks to enforce regulations effectively. As large financial institutions operate in multiple jurisdictions for a global client base, tokenized securities offer a better-coordinated compliance regime. 证券代币化加速了全球争议解决，并对国内外金融工具进行了持续监管。它还提供了基础设施，以降低交易对手风险和定价错配，并通过合规的证券产品维护市场健康稳定。 无边界合规框架 在日益全球化的金融格局中，跨司法管辖区执行一致的监管是监管机构面临的最严峻挑战之一。代币化证券通过将合规逻辑嵌入资产本身，提供了一种解决方案。无论在纽约、苏黎世还是新加坡交易，同一份智能合约都可以执行相同的规则。 这项创新具有深远的影响：跨境结算变得更快、更安全；监管机构可以实时协调监督；市场通过部分所有权和改善准入变得更加包容。 通过设计而非强制来遵守 Traditional securities rely on intermediaries, fragmented data sources, and delayed reporting, which makes real-time oversight nearly impossible. In contrast, tokenized securities flip the paradigm: they are born compliant. With every transaction recorded immutably on-chain, regulators gain instant visibility into asset ownership, transaction histories, and identity verification—all without breaching privacy. Smart contracts automate compliance checks like KYC/AML and transaction limits, ensuring that rules are followed before trades are even executed. This isn’t just more efficient; it’s proactive enforcement hardwired into the system. Building resilience with technology 传统市场依赖于经纪人、托管人、交易所和监管机构之间的信任。通证化将这种信任转化为代码和共识。它创建了一个金融基础设施，其中合规性不再是交易结束时的复选框，而是每个资产生命周期中活生生的一部分。 这种韧性至关重要。有了代币化证券，我们不仅能应对市场失灵，还能预防市场失灵。如此一来，我们就能构建一个更加稳健、透明、便捷的金融未来。 阅读更多：监管合规需要智能隐私 | 观点 正如文森特 Vincent Kadaris a pioneering leader in the fintech and blockchain sectors, dedicated to driving innovation in private market solutions. As the CEO of Polymath, Vincent spearheads the development of cutting-edge blockchain-based platforms that enable the secure tokenization of private assets, transforming the way capital markets operate.

Regulatory shifts and increasing client demand prompted Morgan Stanley to start building a crypto trading feature for its E*TRADE platform. Latest regulatory shifts have prompted traditional financial institutions to bet on crypto. On May 1, reports surfaced that global asset manager Morgan Stanley is planning to offer crypto trading services to its E*TRADE clients. According to Bloomberg, the asset manager is already building a crypto trading feature for the platform. The planned launch of the feature is in 2026, when crypto trading will be available for all of its 5.2 million retail clients. Morgan Stanley joins other investment giants in retail crypto The feature would expand E*TRADE’s crypto offering, which is currently limited to crypto ETFs approved in the United States, as well as Grayscale’s Bitcoin Trust and Bitcoin futures. The new feature would enable crypto spot trading, which means that clients would trade real crypto assets. You might also like:Morgan Stanley will work with U.S. regulators to offer crypto: CEO Morgan Stanley will partner with crypto-native firms, which would handle the crypto in the background. This involves custody, fiat-to-crypto onramps and offramps, and more. As the project is still in its early stages, there is little info on which assets would be available for trading. Major financial institutions are slowly warming to crypto, driven both by regulatory shifts and user demand. Following Donald Trump’s inauguration, the U.S. regulatory environment has shifted decisively in crypto’s favor. For this reason, traditional financial institutions are much more willing to bet on the industry. You might also like:Citigroup sees stablecoin issuers among top US Treasury holders by 2030 For instance, Fidelity offers Bitcoin trading and custody for its institutional clients, while also launching Fidelity Crypto for retail traders. Moreover, Charles Schwab offers spot Bitcoin and Ethereum ETFs, as well as other products with crypto exposure. E*TRADE by Morgan Stanley is a brokerage and trading platform that appeals to retail users. It already offers investment options such as U.S. stocks, ETFs, options, and mutual funds. The platform’s goal is to make trading easier and more accessible. Read more:Morgan Stanley exec says Trump’s threats to Fed chief Powell is ‘noise’

孙宇晨成为福布斯全球亿万富翁榜单上最新加入的加密货币巨头。与此同时，赵长鹏仍是加密货币领域最富有的亿万富翁。 根据《福布斯》2025 年全球亿万富翁榜，孙宇晨的净资产为 85 亿美元，位列第 353 位。Tron (TRX) 创始人今年才进入该榜单，尽管 Arkham Intelligence 估计，截至 2024 年 1 月，孙宇晨的净资产约为 14 亿美元。 随着孙宇晨的加入，上榜加密货币巨头共有 16 位，他们的财富总和超过 1640 亿美元。 前币安首席执行官赵长鹏（Changpeng 'CZ' Zhao）一直是福布斯榜单上最富有的加密货币大亨。赵长鹏位列第 24 位，尽管缴纳了罚款并入狱四个月，但他的净资产在一年的时间里几乎翻了一番，从 330 亿美元增至 629 亿美元。赵长鹏辞去币安首席执行官一职后，目前担任 YZi Labs（前身为币安实验室）的负责人。 排名第二的加密货币富豪是稳定币发行公司 Tether (USDT) 的首席财务官 Giancarlo Devasini。Devasini 以约 224 亿美元的净资产排名第 90 位，据说是 Tether 的最大股东。事实上，亿万富翁名单上的 16 位加密货币富豪中有 4 位来自稳定币巨头 Tether。除了 Devasini 之外，还有前首席执行官 Jean-Louis van der Velde、现任首席执行官 Paolo Ardoino 和 Tether 的总法律顾问 Stuart Hoegne。 你可能还喜欢：孙宇晨在香港活动上吃下价值 620 万美元的卡特兰香蕉艺术作品 双子座联合创始人、双胞胎卡梅隆·文克莱沃斯和泰勒·文克莱沃斯并列第 1141 位，净资产均为 32 亿美元。文克莱沃斯双胞胎于 2014 年创立了加密货币交易所双子座，目前每天处理价值 3000 万美元的加密货币交易。 Coinbase (BASE) 联合创始人 Brian Armstrong 和 Fred Ehrsam 也进入了亿万富翁榜单。Armstrong 以 92 亿美元的净资产排名第 311 位，而 Ehrsam 以 27 亿美元的净资产排名第 1362 位。 Strategy 董事长迈克尔·塞勒的净资产与去年相比增加了 30 亿美元，升至第 430 位。据报道，塞勒的净资产约为 74 亿美元。这家软件公司原名为 MicroStrategy，今年 2 月更名为 Strategy。截至发稿时，Strategy 是比特币 (BTC) 的最大企业持有者，拥有 528,185 个 BTC，价值约 450 亿美元。 名单上的加密领域其他知名人士包括 Ripple (XRP) 联合创始人 Chris Larsen、Stellar (XLM) 创始人 Jed McCaleb、风险投资家 Tim Draper、Galaxy Digital Holdings 首席执行官 Mike Novogratz 和 Bloq 董事长 Matthew Roszak。 阅读更多：尽管存在法律纠纷，赵长鹏仍然位居加密货币亿万富翁榜首

TRUMP coin has rallied 73% on gala dinner excitement, but once supply starts unlocking in July, will holders face steeper risks than they realize? Table of ContentsTRUMP coin stages a stunning comebackDinner with Trump becomes crypto’s hottest ticketTrump entities profit from trading, not pumpsWhat to expect next? TRUMP coin stages a stunning comeback The Trump-themed meme coin, Official Trump (TRUMP), has captured the market’s attention after delivering a remarkable rally over the past few days.  Launched on Solana (SOL) in January 2025, the token surged from approximately $7.54 to a high of $15.47 on Apr. 23, before settling near $13.20 on Apr. 25.  TRUMP coin price chart | Source: crypto.news TRUMP has gained over 73% in the past week and recorded a 24-hour trading volume of $1.82 billion, making it the top-performing asset among the 100 largest cryptocurrencies by market cap. The recent rally follows a volatile few months. Ahead of President Trump’s Jan. 20 inauguration, the TRUMP coin soared to an all-time high of $75.35.  Sentiment cooled sharply after the event, and by Apr. 7, the token had fallen to $7.14. Even after its recent rebound, TRUMP still trades nearly 83% below its peak. The most immediate catalyst behind the latest rally emerged on Apr. 23, when it was announced that the top 220 holders of TRUMP would be invited to a formal dinner with President Donald Trump at the Trump National Golf Club in Washington, D.C.  The top $TRUMP Coin holders will have a private DINNER WITH PRESIDENT TRUMP on May 22nd at the BEAUTIFUL Trump National Club in Washington, D.C. It will be a night to remember! Thank You! And Have Fun! Click Here For Details: https://t.co/Nm31BxQGx5— TrumpMeme (@GetTrumpMemes) April 23, 2025 Following the announcement, technical analyst AMCrypto on X observed a surge in short liquidations and whale-driven buying, which fueled the price rally. $TRUMP massive pump 🚀Yesterday, it was announced that Donald Trump will do an exclusive dinner with top 200 $TRUMP holders.Right after this announcement, whales started to buy, causing a massive pump and short squeeze.I think the rally has stalled for now and won't happen… pic.twitter.com/fEOvLAQngJ— AMCrypto (@AMCryptoAlex) April 24, 2025 At the same time, the scheduled unlocking of 40 million new TRUMP tokens was postponed by 90 days. The delay helped preserve the circulating supply at 200 million tokens and alleviated concerns about a sudden influx of new supply triggering a selloff. Couldn’t be more excited about this "Dinner with Trump". A lot more on the way!  The Tokens from the initial cliff and from the following three months of daily unlocks will remain locked, each for an additional 90 days.  The era of $TRUMP has just begun!— TrumpMeme (@GetTrumpMemes) April 23, 2025 The broader macro environment has also provided a favorable backdrop. Renewed enthusiasm around Bitcoin (BTC), as it approached the $100,000 mark, has contributed to a wider appetite for high-risk assets, including meme tokens.  As of this writing, BTC is trading above $94,000, having gained more than 11% over the past seven days. Dinner with Trump becomes crypto’s hottest ticket The promise of dinner with the 47th President of the U.S. has added a high-voltage intrigue to an already unusual crypto rally.  In its official announcement, the TRUMP token team unveiled what it called “the most exclusive invitation in the world,” offering a formal gala dinner to the top 220 holders of the meme coin.  The event is scheduled for May 22 at Trump National Golf Club in Washington, D.C., and includes an additional perk for the top 25 participants, which includes a private VIP reception and a guided tour of the White House. According to the official terms, eligibility is determined by a time-weighted average of holdings from Apr. 23 to May 12. This means the top 220 wallet addresses must not only hold a large quantity of tokens but must also maintain those holdings for a sustained period.  Eligibility also requires passing a background check, not being from a jurisdiction flagged under global anti-money laundering protocols, and attending the event alone—no guests allowed.  A clause in the terms makes it clear that while President Trump is expected to attend, his presence is not guaranteed. In such a case, qualifying attendees would instead receive a limited-edition Trump-themed non-fungible token (NFT) as compensation. The current leaderboard of token holders is being updated in real-time through the project’s official portal. As of Apr. 25, the top spot belongs to a cold wallet labeled “SUN,” reportedly associated with Justin Sun, founder of the TRON (TRX) blockchain.  His holdings exceed 1.17 million tokens, valued at over $14 million. Sun’s involvement is consistent with his previous support for pro-Trump crypto initiatives, including his advisory role at the Trump-backed World Liberty Financial DeFi project. Second and third positions are held by wallets under the identifiers “CASE” and “MeCo,” respectively. While MeCo holds a larger number of tokens than CASE, it ranks lower due to the project’s use of time-weighted metrics, which give more weight to long-term holdings over recent accumulation.  Blockchain activity suggests that interest in the token soared immediately after the event was announced. Data from analytics firm Nansen shows that the top 100 wallets accumulated approximately 940,000 additional tokens within an hour of the post. Trump entities profit from trading, not pumps The sharp rise in TRUMP’s price is supported by a token design that deliberately restricts supply and concentrates control among two Trump-affiliated entities.  The total supply of the token is capped at one billion. Out of this, only 200 million tokens are currently in circulation, while the remaining 800 million tokens are locked and scheduled to unlock gradually over a three-year period. This structure is intended to avoid the sudden, large sell-offs that often destabilize meme tokens with loosely managed supply models.  According to the project’s official documentation, the initial unlock on Apr. 18 was set to release 40 million tokens, followed by a daily issuance of 205,480 tokens until Jul. 18. However, shortly after the announcement of the Trump gala dinner, the team deferred further unlocks by 90 days. This move kept the circulating supply at 200 million tokens and helped suppress potential sell pressure, supporting the ongoing price rally. At current market prices, the fully diluted valuation of the TRUMP coin, calculated across all one billion tokens, stands at approximately $13.35 billion. Since only 20% of the supply is active in the market, the actual market capitalization is much lower at around $2.67 billion. Ownership of the locked 800 million tokens is concentrated between CIC Digital LLC and Fight Fight Fight LLC. Both entities are linked to the Trump Organization and together control 80% of the total token supply.  Typically, such heavy insider control would raise concerns about future dumping. However, structural and reputational factors serve as deterrents.  The holdings are subject to a multi-year lockup, and any premature selling could provoke backlash from both the TRUMP community and broader crypto investors. Rather than relying on direct token sales, the affiliated entities generate income through trading activity. At launch, they seeded 100 million tokens, equal to 10% of the total supply, into a liquidity pool on Meteora, a decentralized exchange on Solana where TRUMP is actively traded. This liquidity pool allows buyers and sellers to transact smoothly without large price slippage and simultaneously generates fees for liquidity providers. Each trade on Meteora incurs a fee, a portion of which flows back to the wallets controlled by CIC Digital and Fight Fight Fight. This model has proven to be highly profitable. Estimates from Reuters show that as of Jan. 30, trading fees alone had already generated between $86 million and $100 million for Trump-affiliated wallets.  Following the Apr. 23 dinner announcement, trading activity spiked further, bringing in an additional $1.6 million in fees within a single 24-hour window. The Washington Post has placed the total earnings from TRUMP coin activities at approximately $312 million from token sales and $41 million from trading fees since launch.  Although the exact revenue split between CIC Digital and Fight Fight Fight remains undisclosed, their role as the primary liquidity providers suggests they capture the majority of these profits. What to expect next? TRUMP token’s near-term momentum appears closely tied to two factors: the countdown to the May 22 gala event and the ongoing 90-day delay in token unlocks.  As long as the circulating supply remains limited and the gala dinner continues to serve as a coveted status symbol within the community, speculative interest around the token could stay elevated. Once the event concludes and the unlock window approaches in July, however, market dynamics may shift. The introduction of fresh token supply could create downward pressure on prices, particularly if trading volumes decline after the gala-driven hype fades. New entrants drawn by the recent rally should recognize that TRUMP token’s current market capitalization reflects a small circulating supply rather than full public distribution. For existing holders, maintaining disciplined risk management will be crucial.  As event-driven catalysts lose influence, fundamental questions about long-term sustainability are expected to resurface, and positioning accordingly could make the difference between protecting gains and facing steep drawdowns. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

OKX 已在 Wayfinder 第二阶段空投活动的持续申领过程中正式上线 PROMPT，允许符合条件的 PRIME 质押者解锁他们的 PROMPT 奖励。 Wayfinder (PROMPT) 现已上线 OKX，充值服务将于 4 月 9 日凌晨 2:00（UTC 时间）开放。PROMPT/USDT 交易对的现货交易将于 4 月 10 日下午 1:00（UTC 时间）上线。 此次上线恰逢 PROMPT 代币生成活动，经过数月的建设和社区参与，该代币正式上线。在 Wayfinder 第二阶段空投活动期间质押 PRIME（Echelon Prime 基金会的治理和实用代币，用于支持 Wayfinder 生态系统）的用户，现在可以通过 Wayfinder 领取门户领取 PROMPT 奖励。 Echelon 基金会是一个 Web3 组织，通过使用其原生代币 PRIME 进行质押和奖励，支持包括 Wayfinder 在内的多个项目。Echelon 生态系统发起的 PROMPT 空投活动，让质押 PRIME 的用户有机会获得 PROMPT 代币。该质押计划获得了强劲的关注，超过 2300 万枚 PRIME 代币（占总流通供应量的 51% 以上）被锁定在 Wayfinder 质押合约中。这使得质押者在代币发行 (TGE) 之前就能获得 40% 的 PROMPT 收益。 作为奖励，Wayfinder 基金会为使用新创建的 OKX Web3 钱包地址领取 PROMPT 的索赔人提供 5% 的奖励提升。 总体而言，PROMPT 总供应量的 40% 通过两阶段空投分配给社区：39% 用于质押者，1% 用于免费注册。 来源：Wayfinder.ai 你可能还喜欢：StakeStone 在交易所上市浪潮后价格飙升 20% Wayfinder 是一个人工智能和区块链项目，旨在构建自主的链上代理，代表用户与 dApp 交互。PROMPT 的旅程始于科幻集换式卡牌游戏 Parallel 的创作，并由此促成了 Wayfinder 的开发。 2023年4月，斯坦福大学的研究人员发表了一篇论文，展示了一项人工智能实验，其中25名人工智能玩家在一个角色扮演游戏小镇中模拟人类行为。这启发了Parallel的创建者们，他们开始探索由人工智能驱动、始终在线的游戏代理。为了实现这一愿景，该团队构建了Wayfinder——一个与区块链无关的平台，允许用户基于自然语言命令启动能够执行交易、铸造、桥接等任务的人工智能代理。 你可能还喜欢：随着股市变得混乱，新的 DeFi 平台应运而生