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加密货币 ETF 发行者正在抓住每一个机会，希望利用对加密货币更加友好的 SEC。 今年，美国证券交易委员会（SEC）将忙于处理ETF申请。4月21日星期一，彭博分析师Eric Balchunas指出，目前有72只加密货币交易所交易基金（ETF）正在等待批准。 目前有 72 只加密货币相关的 ETF 正在等待美国证券交易委员会 (SEC) 的批准上市或上市选择权。从 XRP、莱特币、Solana 到企鹅币、狗狗币、梅拉尼娅双倍币，应有尽有。这将是疯狂的一年。@JSeyff 的精彩总结 pic.twitter.com/IHTqqxeH35— Eric Balchunas (@EricBalchunas) 2025年4月21日 这份名单包括山寨币、NFT代币、模因币，以及一只押注梅拉尼娅·特朗普代币的杠杆基金。梅拉尼娅2x基金是海龟资本（Turtle Capital）旗下十只模因币和山寨币杠杆基金之一，该公司注册于开曼群岛。鉴于这些申请的数量，巴尔春纳斯预测加密货币市场将迎来“疯狂的一年”。 目前有 72 只加密货币相关的 ETF 正在等待美国证券交易委员会 (SEC) 的批准上市或上市选择权。从 XRP、莱特币、Solana 到企鹅币、狗狗币、梅拉尼娅双倍币，应有尽有。这将是疯狂的一年。 XRP 在 ETF 申请方面处于领先地位 虽然 ETF 申请数量不一，但该领域仍存在一些明显的领先者。值得注意的是，XRP (XRP)、Solana (SOL) 和莱特币 (LTC) 等山寨币在个人申请数量方面处于领先地位。具体而言，截至 4 月 15 日，XRP 有 10 份个人申请，Solana 有 5 份。作为市场上规模最大的山寨币之一，它们吸引了机构的关注。 按 ETF 申请数量划分的山寨币 | 来源：Kaiko 与此同时，莱特币和狗狗币（DOGE）并列第三，共有三家潜在发行商。这两种代币都受益于其去中心化特性，而狗狗币也因其与埃隆·马斯克的合作而获得了主流关注。 ETF 正成为加密货币普及的关键因素，因为它们为散户和机构投资者提供了一种更便捷的方式来投资数字资产。ETF 并非直接持有资产，而是持有标的资产，同时还必须遵守严格的托管监管要求。 阅读更多：Figment 问答：TSX Solana 质押 ETF（SOLQ）内部

Cboe BZX 交易所已向美国证券交易委员会正式提交了新的 Solana 交易所交易基金的 19b-4 表格。 向美国证券交易委员会 (SEC) 提交的文件表明，Cboe 正式将富达提议的 Solana (SOL) ETF 添加到美国证券监管机构不断增长的山寨币相关申请名单中。 Cboe 正在通过 19b-4 表格寻求 SEC 批准拟议的规则变更，该变更将使 Fidelity Solana Fund 的交易所上市并交易股票。在向 CSC Delaware Trust Company 注册 Solana 信托后，需要向监管机构申请批准。 富达投资现在加入了众多行业参与者的行列，寻求美国证券交易委员会对现货 Solana ETF 的监管批准。其中包括 Canary Capital、富兰克林邓普顿、Grayscale 和 VanEck。 你可能还喜欢：贝莱德将货币市场基金 BUIDL 扩展至 Solana 就在富达向美国证券交易委员会申请批准成立一只跟踪其货币市场基金的区块链基金的第二天，该公司提交了 19b-4 申请。 ETF 争夺战仍在继续 正如 crypto.news 所强调的那样，该公司正考虑为其链上基金富达国库数字基金推出一只 ETF。该基金股票代码为 FYHXX，持有现金和美国国债。 随着 Cboe BZX 向美国证券交易委员会提交文件，现货 ETF 的争夺进一步加剧，市场正希望通过 Solana 期货 ETF 的表现来衡量需求。总部位于佛罗里达州的 Volatility Shares 于 2025 年 3 月 20 日首次推出了 Volatility Shares Solana ETF 和 Volatility Shares 2X Solana ETF。 这两款产品的股票代码分别为 SOLZ 和 SOLT，在推出时交易量显著，这促使分析师预测潜在需求。 你可能还喜欢：CME Solana 期货的温和热度预示着 ETF 可能成为主流：K33

Strategy 是否正在悄悄地重塑上市公司与资本市场的互动方式？其 210 亿美元的计划是否会为与比特币一致的资产负债表运作开创先例？ 目录小鱼，大水花策略加倍押注比特币 (BTC) 理论STRK 与金融工程这对公开市场意味着什么 小鱼，大水花 Strategy（前身为 MicroStrategy）在美国资本市场中的角色正在发生变化，几年前很少有人会预测到这一点。该公司主要以企业软件公司而闻名，尽管仅占总市值的一小部分，但在 2024 年成为最大的比特币 (BTC) 代理之一和股权融资中最活跃的参与者。 截至 3 月 25 日，Strategy 的市值为 876.4 亿美元，在美国公司中排名第 109 位，在全球排名第 211 位。从账面数据来看，它远远落后于最大的上市公司。然而，就 2024 年筹集或宣布的股权而言，它却脱颖而出。 根据 VanEck 数字资产研究主管 Matthew Sigel 分享的彭博行业研究数据，Strategy 仅占美国股票市场价值的 0.07%，但占 2024 年所有筹集或宣布的股权的 16%。 市值极小，但影响巨大。$MSTR = 占美国股票价值的 0.07%。但 2024 年筹集或宣布的所有股权中，有 16%比特币不仅仅是一种价值存储手段。它还是一块吸引资本的磁石。pic.twitter.com/7A4y927N0b— matthew sigel，正在恢复 CFA (@matthew_sigel) 2025 年 3 月 24 日 其中很大一部分来自两次发行。一次是 2024 年 11 月完成的 20 亿美元可转换票据发行。第二次是在 2024 年 10 月宣布的，是一项更广泛的融资计划，旨在三年内筹集 210 亿美元。 截至 12 月底，该公司已获得 5.61 亿美元的资金，其中大部分用于购买比特币——这是该公司在过去几年中越来越多地采用的战略。 在软件行业，这两笔交易占 2024 年筹集的 395 亿美元新股本的 70% 以上。这一数字使软件行业在 2024 年的额外发行量方面领先于其他所有行业，其次是生物技术行业（301 亿美元）、石油和天然气行业（264.6 亿美元）、房地产投资信托基金（224.4 亿美元）以及航空航天和国防行业（211.3 亿美元）。 值得注意的是，近年来，只有生物技术和房地产投资信托基金 (REIT) 一直跻身前五大行业之列。Strategy 在软件领域的庞大影响力使其贡献异常集中。 Few companies of Strategy’s size have moved this aggressively to tap equity markets in 2024. Fewer still have done so with such a narrow and defined purpose — accumulating Bitcoin through corporate balance sheet expansion. 从这个意义上讲，该公司的财务活动与传统的软件增长关系不大，而与大规模资产配置关系更大。让我们来解读一下幕后发生的事情 策略加倍押注比特币 (BTC) 理论 Strategy 在 2025 年初延续了其比特币收购策略，以每枚硬币 84,529 美元的平均价格增持了 6,911 个 BTC，价值约 5.841 亿美元，巩固了其作为 BTC 持有量最大的上市公司的地位。 截至 3 月 25 日，该公司共持有 506,137 枚比特币，收购价约为 337 亿美元，平均成本基础为 66,608 美元。按比特币目前约 87,000 美元的市场价格计算，Strategy 持有的比特币价值超过 440 亿美元，反映出约 103 亿美元的未实现收益，或每比特币约 20,392 美元。 距离一百万比特币的目标还有一半，甚至更多。pic.twitter.com/DlTcAStLyZ— Strategy (@Strategy) March 24, 2025 Year-to-date, the company has recorded a 7.7% BTC yield. This latest acquisition came shortly after Strategy reaffirmed its plans to raise capital via Class A strike preferred stock. 虽然文件规定资金可用于“一般公司用途”，但先前的行为表明很大一部分可能会被分配给加密资产积累。 Strategy 的方法与其他企业比特币持有者截然不同。例如，特斯拉持有约 11,500 BTC，而 Block（前身为 Square）持有略多于 8,000 BTC。这两家公司几年前就购买了比特币，并且基本保持静态仓位。 相比之下，自 2020 年以来，Strategy 几乎每个季度都进行了多次收购，并且仍然是唯一一家明确将比特币作为主要财务储备资产积累战略的上市公司。 $MSTR 股票继续反映比特币价格趋势。3 月 24 日，在美国股市强劲反弹（纳斯达克指数上涨 2.27%）的背景下，Strategy 股价上涨超过 10%，收于 335.72 美元，尽管没有发生重大业务更新或收益事件，但市值单日增长约 80 亿美元。 这里的相关性并非偶然。从历史上看，MSTR 相对于比特币的贝塔值超过 2.0，这意味着它倾向于在两个方向上放大 BTC 的价格走势。 However, this strategy is not without risk. The company carries over $4 billion in long-term debt, much of it tied to convertible notes that mature between 2028 and 2032.  如果比特币长期下跌或资本市场收紧，Strategy 可能会面临再融资或筹集新资本的能力限制。 截至最新文件，该公司相对于其债务敞口持有的现金储备极少，凸显出其依赖 BTC 价格升值来维持资产负债表实力。 STRK 与金融工程 今年早些时候，Strategy 推出了一种名为 STRK 的新型金融工具，这是 A 系列永久执行优先股的缩写。 STRK 并非像 MSTR 那样的普通股票，也不是传统债券。相反，它介于两者之间——旨在筹集资金，而不会立即给现有股东带来压力。 STRK was launched in Jan. 2025 as part of Strategy’s larger goal to raise $42 billion over three years—to support its ongoing Bitcoin strategy. The company initially offered 7.3 million STRK shares at $80 each, raising about $563 million, more than double what it had aimed for. So what exactly does STRK offer investors? For starters, it pays an 8% annual dividend, which Strategy can choose to pay in cash or stock. That steady income has made STRK attractive to investors looking for a more stable way to gain some Bitcoin exposure, without the sharp price swings of common stocks like MSTR or Bitcoin itself. There’s also a conversion feature built in: if MSTR’s stock price ever reaches $1,000, each STRK share can be converted into 0.1 shares of MSTR. But with MSTR trading at around $335 as of Mar. 25, that conversion isn’t in play right now. Since it started trading in early Feb., STRK has held up relatively well. The current market price of around $86.6 means investors are earning close to a 7% effective yield, which is high by most standards. Compared to regular shares, STRK gives Strategy some key advantages. It helps raise capital without immediately issuing more MSTR stock, avoiding direct dilution of existing shareholders. It also attracts a different kind of investor—someone who wants income and stability, rather than just betting on Bitcoin’s long-term growth. MicroStrategy 的非传统资本策略现在包括优先股：$STRK。这是一次大胆的尝试：在不稀释的情况下控制 $MSTR 波动性。它是否成功取决于时间范围。以下是我的理论，也是我看好 STRK 的原因（提示：与 BTC 关系不大）：pic.twitter.com/QxMibvKAtA— Jeff Park (@dgt10011) 2025 年 1 月 28 日 不过，STRK 并非没有风险。其价值与 Strategy 的整体表现息息相关，而 Strategy 的整体表现又与比特币密切相关。如果比特币价格下跌或该公司面临履行股息义务的压力，STRK 可能会失去部分吸引力。 这对公开市场意味着什么 Strategy’s positioning in 2024 offers a clear case study in how capital markets are adapting to the presence of digital assets — not through the creation of new asset classes, but by stretching existing ones.  The company has emerged as a leading source of equity issuance this year, while maintaining a market value of just 0.07% of total U.S. equities, highlighting an evolving investor appetite for exposure to asset strategies delivered through listed entities. In doing so, Strategy has set a tone for how public companies might be used as intermediaries between traditional capital and decentralized assets. It also reflects the maturing interface between regulated financial instruments and crypto-native strategies. What happens next depends less on Strategy itself and more on broader conditions: the cost of capital, Bitcoin’s role in institutional portfolios, and how regulators and investors treat these hybrid models.  If funding remains accessible and crypto retains demand as an alternative store of value, similar structures may emerge. If not, the model could remain singular. In either case, Strategy has pushed public markets into new territory, where capital allocation, balance sheet strategy, and digital asset exposure now operate on the same axis. 你可能还喜欢：从以太坊基金会到 BR Capital：Vlad Martynov 的区块链奥德赛

How are analysts interpreting Bitcoin’s $97K consolidation against rising global debt maturity, ETF flow trends, and the uncertain direction of interest rates in the second half of the year? Table of ContentsCrypto mirrors the tension but charts its own pathGlobal trade system under pressureETF flows mask deeper trendsNo past model fits this cycleMarket awaits a catalyst Crypto mirrors the tension but charts its own path The mood across global financial markets has turned visibly tense. What began as a focused concern around central bank decisions has morphed into a broader wave of uncertainty, shaped by conflicting macro indicators, uneven growth data, and investor hesitation.  The reintroduction of U.S. tariffs under President Donald Trump’s administration has added another layer of friction. A particularly bold move, such as the 100% tariff on foreign films, has not only reignited trade war concerns but also signaled a shift back to protectionist rhetoric.  For investors who had grown accustomed to relative trade stability, this has raised new questions about supply chains, international cooperation, and the policy outlook heading into the second half of the year. Markets have already reacted. The S&P 500, which had gained steadily over the past few days, broke its streak as investors pulled back amid deteriorating macro signals.  In contrast, traditional safe-haven assets have seen rising inflows. Gold prices have edged upward, and Treasuries have gained traction again, a move often associated with risk aversion during economic softness.  Notably, the most recent GDP print disappointed expectations, while inflation has remained sticky around 3%, leaving the Federal Reserve in a difficult spot.  Rate cuts appear unlikely during Fed’s May 7 meeting, yet the tightening already in place may not be enough to shield against stagnation. Fed will announce its interest rate decision today.Markets pricing in a 95% probability that rates will be held steady pic.twitter.com/M0ZVOfQTZz— LANGERIUS (@langeriuseth) May 7, 2025 Jobless claims have begun ticking upward, and April’s CPI figures reflected consumer pressure that’s still far from easing.  The Treasury market’s absorption of a $42 billion 10-year bond sale is a notable development. It suggests institutional investors are repositioning for longer-term safety, likely preparing for potential policy missteps or a downturn that could surface without much warning. Amid all this, the crypto market has found itself responding with its own brand of volatility. Bitcoin (BTC) reached an all-time high of nearly $109,000 in January, driven by ETF optimism, institutional inflows, and the broader narrative of crypto as a macro hedge.  But it wasn’t built on solid ground. Over the months that followed, BTC lost nearly 30% of its value before clawing back to around $97,000 as of this writing on May 7.  BTC price chart | Source: crypto.news BTC still remains a strong asset in terms of performance year-to-date, but the erratic price swings have forced both retail and institutional players to reassess their strategies. Let’s explore how current macroeconomic pressures, including recession risks, trade tensions, and monetary ambiguity are shaping investor behavior and what the coming months may hold for the crypto market. Global trade system under pressure A growing sense of macroeconomic fragility is beginning to shape investor expectations across asset classes. J.P. Morgan has placed the probability of a U.S. recession in 2025 at 60%, reflecting heightened concern over the systemic strain within the financial ecosystem. Treasury markets continue to flash warning signs. The inversion of the 10-year and 3-month yield curve remains persistent, a traditional signal of recession risk.  Compounding the situation is the approaching maturity of over $6.5 trillion in the U.S. Treasury debt, a volume that could pressure liquidity and challenge the government’s refinancing capabilities in an already uncertain interest rate environment. Charlie Hu, co-founder of Bitlayer, views this convergence of rising debt obligations and monetary policy uncertainty as a pivotal fault line in global capital markets. “There are approximately $6.5 trillion USD worth of Treasury bonds approaching maturity in the coming months. The economic slowdown is putting pressure on the Fed’s interest rate and monetary policy decisions.” He adds that a prolonged period of elevated rates, coupled with the urgency to refinance, could rattle investor confidence. “If the market continues to experience high interest rates alongside a large volume of maturing debt that needs refinancing, the U.S. government will be forced to address the situation carefully — striking a balance between managing high inflation and high debt levels, the two biggest metrics influencing capital flow and investor behavior in global markets.” This mounting pressure extends beyond the U.S. economy. The International Monetary Fund has issued repeated warnings about trade protectionism and retaliatory tariffs, labeling them as headwinds for global growth.  Recent policy actions have disrupted established supply chains, slowing cross-border trade and weakening the short-term outlook for export-heavy economies. Amid these developments, the divergence between economic systems and behavioral responses has become more visible. Christian, founder of Infini, believes the disconnect is structural rather than cyclical. “We’re seeing three core dislocations: one, the cost of capital has reset higher but consumer and government behaviors haven’t fully adjusted. Two, global supply chains are attempting to regionalize under nationalist pressures, yet our systems are still priced for globalization. And three, fiat confidence is eroding slowly, but the alternatives, digital or commodity-backed systems, haven’t matured enough to absorb that flow.” Parallel concerns are surfacing around liquidity vulnerabilities. Tracy Jin, COO at MEXC, points to emerging fragilities in the bond market that could seep into broader risk asset pricing, including crypto. “We’re closely monitoring a synchronized bond sell-off across US and emerging markets, especially the ones triggered by either sticky inflation or a fiscal credibility crisis.” She notes that such scenarios, if left unchecked, could lead to a contraction in global liquidity and reduce the appetite for speculative assets. ETF flows mask deeper trends While traditional markets continue to react to inflation prints and central bank guidance, the crypto market is digesting a different cocktail, one that blends rising institutional interest with noticeable retail hesitation.  The gap between these investor classes is becoming increasingly evident, especially when viewed through the lens of ETF participation, derivatives trends, and sentiment data. The Crypto Fear & Greed Index fell into “Extreme Fear” territory in April, typically a bearish signal. Yet Bitcoin defied this mood and climbed back toward $98,000.  This dissonance between sentiment and price has puzzled retail investors but, according to Jin, can largely be explained by the nature of capital flows. “As Bitcoin approached $96,000, it underscores the bifurcation between sentiment and capital flows. ETF inflows from institutional channels have been a powerful counterforce to retail anxiety.” She believes that much of the current turbulence is driven externally rather than from within the crypto ecosystem. “We estimate that 60% of the current volatility can be accounted for by macro uncertainty, central bank ambiguity, and geopolitical risks. The rest can be accounted for from crypto-native elements, including miner capitulation post-halving and leveraged positioning in altcoins.” The mechanics of ETF flows themselves have added to the confusion. Greco argues that ETF activity tends to reflect market moves rather than anticipate them, often introducing a timing lag that distorts real-time analysis. “ETFs tend to mirror the broader market trend. During sharp declines, we typically see outflows, while strong rallies attract inflows. Many ETF products settle on a T+1 basis, meaning the reported flows usually correspond to the previous day’s activity.” From his perspective, institutional flows act more as accelerators of existing direction rather than as early indicators of reversal or breakout. Retail behavior, meanwhile, remains deeply reactive. Michael Cameron of Vanilla Finance highlights how crypto’s unique structure amplifies volatility during uncertain macro periods. “Crypto’s high liquidity makes it a prime target for rapid sell-offs during economic stress. Unlike real estate or bonds, cryptocurrencies can be sold instantly on exchanges, amplifying downward price movements. Whales are buying dips, and a dovish FED or softer CPI could spark a rebound.” Across the board, investors are parsing mixed signals. Institutional inflows may stabilize markets temporarily, but without clearer macro direction, both camps remain on edge, interpreting every data point, Fed speech, or CPI surprise as a possible turning point. No past model fits this cycle As recession probabilities rise and market uncertainty deepens, the question resurfaces, is crypto still a hedge, or has it been absorbed into the broader risk asset complex? Jin believes Bitcoin’s growing institutional base may support a more nuanced response than a simple correlation or detachment from traditional markets. “Bitcoin’s leverage lies in its maturing investor base, especially institutional participants via ETFs. As they could offer a partial buffer, we may see a nuanced decoupling. Broader equities could suffer a sharp pullback but Bitcoin could act less like a tech stock and more like a high-volatility hedge, especially if rate cut expectations increase.” While that interpretation allows for divergence under certain macro scenarios, others remain doubtful of a clean break. Greco points to the increasing overlap between crypto and traditional finance, driven by institutional adoption, as evidence that both systems are now deeply intertwined. “The general macro trends are usually similar. What really differs is the magnitude of the price swings between traditional finance and crypto, with the latter obviously experiencing much higher volatility in moments of high uncertainty. Looking at the past data point and the increasing commingling between the two markets, it looks unlikely that one sector might have a completely different pattern to the other.” Some argue that the framing of recession itself needs to be rethought. Christian suggests that Bitcoin should not be viewed as a counter-cyclical hedge, but rather as a monetary alternative built to respond to systemic failure. “A recession, in traditional terms, is a lagging indicator. But in first-principles terms, a recession is just a large-scale mispricing of risk and value, corrected through forced rebalancing. Bitcoin is what happens when a system opts out. It doesn’t need a soft landing — it is the hard alternative.” That framework gains sharper relevance when viewed through the lens of geopolitical shocks and prolonged policy failure. Cameron stresses that while Bitcoin may gain in the long term from failed monetary policy, it is not insulated from short-term market trauma. “The brief 2020 COVID recession saw crypto recover quickly due to stimulus and low rates, but a deeper, tariff-driven ‘Trumpcession’ could be different. Crypto has never endured a prolonged US recession since Bitcoin’s inception in 2009.” Market awaits a catalyst With the global macro backdrop still clouded by inflation, debt concerns, and geopolitical risk, market participants are shifting toward short-term caution while keeping one eye on longer-term opportunities.  Bitcoin has rallied nearly 25% over the past month, largely driven by institutional spot buying and ETF inflows. However, early signs of fatigue are beginning to show.  According to 10x Research, the Coinbase premium has dropped and funding rates have weakened, suggesting that momentum may be slowing.  The report notes that Bitcoin is now consolidating near the $95,000 level, with traders awaiting clearer signals from the Federal Reserve’s upcoming decisions. “This is not a time for blind risk-taking but tactical positioning with well-defined exposure,” the research states, advising investors to consider hedging strategies as volatility creeps back in. Cameron believes that while short-term weakness remains a concern, structural drivers continue to support long-term growth. He sees recession fears and ETF outflows contributing to current volatility, but also points to positive underlying trends. Jin echoes that sense of cautious optimism. She expects Bitcoin to remain in a wide range as the market digests policy and liquidity signals. “Bitcoin may trade in the $88,000–$100,000 range as the market digests macro signals and ETF flow data. Our year-end target remains cautiously bullish at $128,000, with the assumption of zero black swan event.” Still, visibility remains limited. Greco describes the current price zone as crucial. “The market is currently sitting at a crucial level that could shape sentiment over the coming weeks. A decisive break above the $94,000–$95,000 range could restore confidence in a sustained bullish trend.” However, he stops short of any definitive forecast, noting that the cycle has already deviated from historical patterns. “This one has already broken precedent by reaching a new all-time high before the halving, something never seen before.” Christian suggests that the dominant market variable going forward may not be rate decisions or inflation data, but trust. “The key variable now isn’t earnings or even rates. It’s trust. Trust in sovereign debt, in fiat, in central bank forward guidance. That trust has been bleeding.” He sees Bitcoin and stablecoins as systems increasingly filling the vacuum left by waning institutional credibility. As crypto enters the next phase of its market cycle, clarity will likely hinge on central bank action, global liquidity conditions, and the durability of institutional flows. In the meantime, the market remains in a holding pattern.  Summing it all up, risk is being recalibrated, conviction is being tested, and capital is watching for the next signal to move. Amid such fragile conditions, trade wisely and never invest more than you can afford to lose.

披露：此处表达的观点和意见仅属于作者，不代表 crypto.news 编辑的观点和意见。 人工智能已从一个未来概念迅速发展成为现代生活不可或缺的一部分，预计到 2028 年其市场价值将达到 12,780 亿美元。然而，这种增长也带来了重大挑战，尤其是如何跨网络存储、管理和访问人工智能数据。分散式存储系统提供了一种有前途的解决方案，它提供了增强的可扩展性、效率和安全性，以支持人工智能不断增长的需求，但它们仍可能受到可扩展性、效率和安全性问题的阻碍。 你可能还喜欢：人工智能改写历史，区块链技术是一道防线 | 观点 人工智能影响力的激增也推动了数据和电力消耗的急剧增长，预计到 2030 年数据中心的能源使用量将增长 160%。分散式存储系统必须不断发展以满足这些不断增长的需求，确保人工智能的持续成功和可持续性。 当前分散存储面临的挑战 随着人工智能以每年 28% 的速度增长，它给分散存储网络带来了巨大压力。挑战不仅在于管理当前的数据需求，还在于预测未来的需求。人工智能应用需要大量实时数据访问，而现有系统通常难以有效扩展。 当前的去中心化系统在确保数据完整性方面也面临困难。人工智能要准确运行，必须依赖高质量、无偏见的数据。如果没有适当的验证机制，数据操纵或错误的风险就会成为一个严重的问题，可能会破坏人工智能模型的结果。 去中心化存储支持AI的关键要求 传统的中心化存储系统越来越不合适。它们容易受到审查、数据检索速度较慢，并且存在安全漏洞。相比之下，去中心化存储替代方案提供了更高的安全性和抗审查能力，但仍需要解决三个关键因素：可扩展性、速度和安全性。 可扩展性is essential for supporting AI’s rapid growth. Decentralized storage systems must be flexible enough to handle increasing amounts of data without slowing down or compromising performance. Solutions that prioritize automation and adaptive scaling can help meet the needs of growing AI workloads. 速度是另一个重要的考虑因素。机器学习和实时数据处理等人工智能应用需要超快速的数据访问。许多分散式系统并未针对这些高容量、低延迟要求进行优化。为了跟上人工智能的步伐，有必要提高存储检索时间和网络吞吐量。 安全是不可商榷的。由于人工智能依赖准确的数据，任何安全方面的妥协都可能导致错误或操纵的输出。分散存储必须确保数据完整性，利用加密、数据验证和区块链技术来确保防篡改存储。高级安全协议对于保护人工智能的底层数据集至关重要。 去中心化存储的未来之路 For decentralized storage to meet AI’s needs, it must provide data that is both verifiable and tamper-proof. Blockchain technology, for instance, can offer immutable records, ensuring that once data is stored, it cannot be altered without detection. This approach would improve the reliability of AI outputs by preventing data manipulation, which can have cascading consequences for AI applications. Further, decentralized storage solutions must prioritize interoperability—the ability to integrate with various AI platforms and technologies. AI systems depend on data from multiple sources, so storage systems must support seamless data exchange without creating barriers. This will enable AI to function at its full potential, drawing from diverse datasets without concerns over compatibility or access issues. Finally, as AI continues to evolve, decentralized storage will need to embrace edge computing capabilities. By distributing data storage closer to the source of AI applications, edge storage minimizes latency and reduces the pressure on centralized data centers. This approach ensures faster access to critical data and supports real-time decision-making, which is vital for AI in fields like autonomous vehicles and smart cities. Setting the stage for AI-ready decentralized storage AI requires trusted, real-time access to vast amounts of data. As decentralized storage systems evolve to meet these needs, they must not only focus on secure, immutable data storage but also enable efficient data retrieval and smooth integration across a variety of platforms. 在这个瞬息万变的环境中，去中心化存储的作用将变得比以往任何时候都更加重要。通过与人工智能一起发展，这些系统可以成为创新的支柱，确保人工智能以最高水平的可靠性、速度和安全性运行。有了合适的基础设施，去中心化存储不仅可以支持人工智能，还可以充分发挥其潜力，使各行各业能够在人工智能驱动的世界中创新和繁荣。 阅读更多：Web2 辜负了地球——Web3 必须修复它 | 观点 瑞安·利维 瑞安·利维is a seasoned executive with nearly 20 years of startup experience across web2, web3, blockchain, and data. A master at “connecting the dots,” Ryan leads business development, partnerships, and go-to-market strategies, building ecosystems across DeFi, Blockchain Networks, Data, RWAs, DePIN, Gaming, and more. Currently Head of BD and partnerships at Moonbeam and DataHaven, Ryan previously held leadership roles as VP of Business Development at SKALE Labs (SKALE Network), Head of Protocols and partnerships at Chainstack, and Head of Partnerships at Kadena. Born and raised in South Africa, Ryan lived in Australia for many years before settling in California. He greets each dawn with an espresso and a workout, which sets a tone of clarity and energy for the rest of his day. His guiding mantra, “Never Give Up,” drives his relentless pursuit of success in both his personal and professional life.