{"id":1502,"date":"2025-08-07T12:41:19","date_gmt":"2025-08-07T04:41:19","guid":{"rendered":"https:\/\/www.db-hk.com\/?p=1502"},"modified":"2025-08-07T12:41:19","modified_gmt":"2025-08-07T04:41:19","slug":"%e7%a6%8f%e5%b8%83%e6%96%af%ef%bc%9a2025%e5%b9%b4%ef%bc%8c%e5%8a%a0%e5%af%86%e8%b4%a7%e5%b8%81%e5%b0%86%e8%a2%ab%e9%87%8d%e6%96%b0%e5%ae%9a%e4%b9%89","status":"publish","type":"post","link":"http:\/\/www.fubairui.net\/?p=1502","title":{"rendered":"\u798f\u5e03\u65af\uff1a2025\u5e74\uff0c\u52a0\u5bc6\u8d27\u5e01\u5c06\u88ab\u91cd\u65b0\u5b9a\u4e49"},"content":{"rendered":"<p>\u52a0\u5bc6\u8d27\u5e01\u5bd2\u51ac\uff1f\u7ed3\u675f\u4e86\u3002\u52a0\u5bc6\u5e1d\u56fd\u8870\u843d\u548c\u6cd5\u5ead\u95f9\u5267\uff1f\u90fd\u5df2\u6210\u4e3a\u8fc7\u53bb\u3002\u5e78\u5b58\u8005\uff1f\u5386\u7ecf\u5b9e\u6218\u8003\u9a8c\uff0c\u76ee\u5149\u5982\u70ac\uff0c\u4eff\u4f5b\u8fd9\u662f\u4e00\u573a\u65b0\u7684\u6dd8\u91d1\u70ed\u3002<\/p>\n<p>\u5728\u4e0e\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u591a\u5e74\u51b2\u7a81\u4e4b\u540e\uff0c\u6bd4\u7279\u5e01\u548c\u4ee5\u592a\u574a\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1\uff08ETF\uff09\u7ec8\u4e8e\u5230\u6765\u4e86\u3002\u636e\u52a0\u5bc6\u8d27\u5e01\u7814\u7a76\u516c\u53f8 K33 Research \u79f0\uff0c\u622a\u81f3 12 \u6708 16 \u65e5\uff0c\u7f8e\u56fd\u6bd4\u7279\u5e01 ETF \u6301\u6709\u7684\u8d44\u4ea7\u89c4\u6a21\u8fbe\u5230 1290 \u4ebf\u7f8e\u5143\uff0c\u8d85\u8fc7\u4e86\u9ec4\u91d1 ETF \u7684 1250 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u7f8e\u56fd\u5927\u9009\u540e\u7684\u5e02\u573a\u5174\u594b\u60c5\u7eea\uff0c\u52a0\u4e0a\u5510\u7eb3\u5fb7\u00b7\u7279\u6717\u666e\u627f\u8bfa\u5c06\u7f8e\u56fd\u6253\u9020\u4e3a\u300c\u4e16\u754c\u52a0\u5bc6\u8d27\u5e01\u4e4b\u90fd\u300d\uff0c\u5e76\u5efa\u7acb\u6218\u7565\u6bd4\u7279\u5e01\u50a8\u5907\uff0c\u4f7f\u5f97\u6bd4\u7279\u5e01\u4ef7\u683c\u4e00\u5ea6\u7a81\u7834 10 \u4e07\u7f8e\u5143\u3002<\/p>\n<p>Solana \u6b63\u8fce\u6765\u53d1\u5c55\u673a\u9047\uff0c\u8fd9\u5f97\u76ca\u4e8e memecoin \u7092\u4f5c\u548c DePIN \u7b49\u65b0\u53d9\u4e8b\u7684\u5174\u8d77\u3002DePIN \u662f\u5229\u7528\u533a\u5757\u94fe\u6280\u672f\u6765\u5206\u6563\u7269\u7406\u57fa\u7840\u8bbe\u65bd\u7684\u63a7\u5236\u6743\u548c\u6240\u6709\u6743\u7684\u7f51\u7edc\u3002Polymarket \u7b49\u5e73\u53f0\uff08\u7528\u6237\u53ef\u4ee5\u62bc\u6ce8\u7f8e\u56fd\u603b\u7edf\u5927\u9009\u7684\u7ed3\u679c\uff09\u548c\u5927\u9003\u6740\u6e38\u620f Off The Grid \u5df2\u5728\u4e3b\u6d41\u5e02\u573a\u53d6\u5f97\u6210\u529f\u3002\u65b0\u4e00\u6ce2\u300cdegens\u300d\u6b63\u5728\u62bc\u6ce8 fartcoin \u548c dogwifhat \u7b49\u4ee3\u5e01\uff0c\u8fd9\u4e24\u79cd\u4ee3\u5e01\u7684\u5e02\u503c\u76ee\u524d\u90fd\u8d85\u8fc7\u4e86 10 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u603b\u90e8\u4f4d\u4e8e\u65e7\u91d1\u5c71\u7684\u52a0\u5bc6\u8d27\u5e01\u98ce\u9669\u6295\u8d44\u516c\u53f8 Dragonfly \u7684\u666e\u901a\u5408\u4f19\u4eba Rob Hadick \u8868\u793a\uff1a\u300c\u4eca\u5e74\uff0c\u52a0\u5bc6\u8d27\u5e01\u4ee5 2021 \u5e74\u6765\u6240\u672a\u6709\u7684\u65b9\u5f0f\u8fdb\u5165\u4e3b\u6d41\u610f\u8bc6\uff0c\u73b0\u5728\u5b83\u662f\u4e00\u79cd\u53ef\u6301\u7eed\u7684\u957f\u671f\u8d44\u4ea7\u7c7b\u522b\uff0c\u5c06\u62e5\u6709\u53d1\u8a00\u6743\u5e76\u53d1\u6325\u91cd\u8981\u4f5c\u7528\u3002\u300d\u300c\u5982\u679c\u4f60\u53ea\u770b\u52a0\u5bc6\u8d27\u5e01\u5bf9\u9009\u4e3e\u7684\u5f71\u54cd\uff0c\u65e0\u8bba\u662f\u52a0\u5bc6\u8d27\u5e01\u653f\u6cbb\u6350\u8d60\u8fd8\u662f\u5728\u7acb\u6cd5\u673a\u6784\u548c\u603b\u7edf\u5019\u9009\u4eba\u4e2d\u63a8\u5e7f\u5b83\uff0c\u8fd9\u90fd\u662f\u524d\u6240\u672a\u6709\u7684\uff0c\u8fd9\u662f\u52a0\u5bc6\u8d27\u5e01\u5408\u6cd5\u5316\u7684\u4e00\u5927\u8fdb\u6b65\u3002\u300d<\/p>\n<p>\u968f\u7740\u7279\u6717\u666e\u548c\u4e00\u6279\u652f\u6301\u52a0\u5bc6\u8d27\u5e01\u7684\u5b98\u5458\u51c6\u5907\u4e0a\u4efb\uff0c\u4e1a\u5185\u4eba\u58eb\u6240\u79f0\u7684\u300c\u52a0\u5bc6\u8d27\u5e01\u9ec4\u91d1\u65f6\u4ee3\u300d\u5df2\u7ecf\u5230\u6765\u3002\u4ee5\u4e0b\u662f\u6b63\u5728\u915d\u917f\u7684\u8d8b\u52bf\uff1a<\/p>\n<p><strong>\u5386\u53f2\u65b0\u9ad8\u548c\u7f8e\u56fd\u7684\u6bd4\u7279\u5e01\u50a8\u5907<\/strong><\/p>\n<p>\u5927\u80c6\u9884\u6d4b\u4ef7\u683c\u7684\u827a\u672f\u53c8\u6d41\u884c\u8d77\u6765\u4e86\u3002\u52a0\u5bc6\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8 Bitwise \u9884\u6d4b\uff0c\u5982\u679c\u7f8e\u56fd\u5efa\u7acb\u7c7b\u4f3c\u4e8e\u77f3\u6cb9\u6216\u9ec4\u91d1\u7684\u6218\u7565\u50a8\u5907\uff0c\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u5c06\u8fbe\u5230 20 \u4e07\u7f8e\u5143\uff0c\u751a\u81f3 50 \u4e07\u7f8e\u5143\u3002\u903b\u8f91\u662f\uff1a\u7f8e\u56fd\u5b98\u65b9\u7684\u6bd4\u7279\u5e01\u50a8\u5907\u5c06\u5f15\u53d1\u5168\u7403 FOMO\u3002<\/p>\n<p>\u7279\u6717\u666e\u5728 7 \u6708\u7684\u7eb3\u4ec0\u7ef4\u5c14\u6bd4\u7279\u5e01\u4f1a\u8bae\u4e0a\u63d0\u51fa\u4f7f\u7528\u4ece\u7f6a\u72af\u624b\u4e2d\u6ca1\u6536\u7684 20 \u4e07\u6bd4\u7279\u5e01\uff08\u4ef7\u503c 210 \u4ebf\u7f8e\u5143\uff09\u6765\u542f\u52a8\u50a8\u5907\u3002\u4f46\u6cd5\u5f8b\u9014\u5f84\u5c1a\u4e0d\u660e\u786e\uff0c\u662f\u5426\u9700\u8981\u56fd\u4f1a\u6279\u51c6\uff0c\u8fd8\u662f\u884c\u653f\u90e8\u95e8\u53ef\u4ee5\u5355\u65b9\u9762\u91c7\u53d6\u884c\u52a8\uff1f\u652f\u6301\u52a0\u5bc6\u8d27\u5e01\u7684\u53c2\u8bae\u5458 Cynthia Lummis \u5728 7 \u6708\u63d0\u51fa\u4e86\u7531\u8d22\u653f\u90e8\u8fd0\u8425\u7684\u50a8\u5907\u65b9\u6848\u3002\u6000\u7591\u8bba\u8005\u8ba4\u4e3a\uff0c\u6bd4\u7279\u5e01\u7684\u6ce2\u52a8\u6027\u53ef\u80fd\u4f1a\u7834\u574f\u91d1\u878d\u7a33\u5b9a\u3002\u7279\u6717\u666e\u5bf9\u7f8e\u56fd\u662f\u5426\u4f1a\u901a\u8fc7\u516c\u5f00\u5e02\u573a\u8d2d\u4e70\u66f4\u591a\u6bd4\u7279\u5e01\u4fdd\u6301\u6c89\u9ed8\uff0c\u8fd9\u53c8\u589e\u52a0\u4e86\u4e00\u5c42\u8ff7\u96fe\u3002<\/p>\n<p><strong>\u52a0\u5bc6\u8d27\u5e01\u76d1\u7ba1\u91cd\u7f6e\uff1a\u53cb\u597d\u7684\u534e\u76db\u987f<\/strong><\/p>\n<p>\u65b0\u4e00\u5c4a\u653f\u5e9c\u6709\u671b\u6210\u4e3a\u8fc4\u4eca\u4e3a\u6b62\u5bf9\u52a0\u5bc6\u8d27\u5e01\u6700\u4e3a\u53cb\u597d\u7684\u653f\u5e9c\u3002\u6709\u5173\u52a0\u5bc6\u8d27\u5e01\u7684\u4e00\u4e9b\u91cd\u8981\u653f\u5e9c\u5b98\u5458\u4efb\u547d\u5305\u62ec\uff1a<\/p>\n<ul class=\"wp-block-list\">\n<li>\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\uff1a\u524d SEC \u59d4\u5458\u3001\u52a0\u5bc6\u8d27\u5e01\u652f\u6301\u8005 Paul Atkins \u5373\u5c06\u53d6\u4ee3\u52a0\u5bc6\u8d27\u5e01\u6b7b\u654c Gary Gensler\uff0c\u540e\u8005\u5728\u4efb\u671f\u5185\u4ee5\u8bc9\u8bbc\u548c\u6267\u6cd5\u6253\u51fb\u52a0\u5bc6\u4f01\u4e1a\u800c\u8457\u79f0\u3002<\/li>\n<li>\u5546\u54c1\u671f\u8d27\u4ea4\u6613\u59d4\u5458\u4f1a\uff08CFTC\uff09\uff1a Andreessen Horowitz \u653f\u7b56\u4e3b\u7ba1\u3001\u524d CFTC \u59d4\u5458 Brian Quintenz \u662f\u9886\u5bfc\u8be5\u673a\u6784\u7684\u70ed\u95e8\u4eba\u9009\u3002<\/li>\n<li>\u8d22\u653f\u90e8\uff1a\u5bf9\u51b2\u57fa\u91d1\u4ebf\u4e07\u5bcc\u7fc1\u3001\u6bd4\u7279\u5e01\u5021\u5bfc\u8005 Scott Bessent \u662f\u7279\u6717\u666e\u6311\u9009\u7684\u8d22\u653f\u90e8\u957f\u4eba\u9009\u3002<\/li>\n<li>\u5546\u52a1\u90e8\uff1a Cantor Fitzgerald\uff08Tether \u7684 USDT \u50a8\u5907\u4e3b\u8981\u4fdd\u7ba1\u4eba\uff09\u9996\u5e2d\u6267\u884c\u5b98 Howard Lutnik \u5c06\u9886\u5bfc\u8be5\u90e8\u95e8\u3002<\/li>\n<li>\u4eba\u5de5\u667a\u80fd\u548c\u52a0\u5bc6\u8d27\u5e01\u6c99\u7687\uff1aDavid Sacks \u662f\u4e00\u4f4d\u957f\u671f\u7684\u98ce\u9669\u6295\u8d44\u5bb6\uff0c\u4e5f\u66fe\u4e0e\u4f0a\u9686\u00b7\u9a6c\u65af\u514b\u5728 PayPal \u5171\u4e8b\uff0c\u4ed6\u5c06\u8d1f\u8d23\u76d1\u7763\u7279\u6717\u666e\u589e\u5f3a\u56fd\u5bb6\u7ade\u4e89\u529b\u6218\u7565\u7684\u4e24\u4e2a\u5173\u952e\u9886\u57df\u7684\u653f\u7b56\u3002<\/li>\n<li>\u4f17\u8bae\u9662\u91d1\u878d\u670d\u52a1\u59d4\u5458\u4f1a\uff1a\u963f\u80af\u8272\u5dde\u5171\u548c\u515a\u4f17\u8bae\u5458 French Hill \u4e0e\u5373\u5c06\u79bb\u4efb\u7684\u59d4\u5458\u4f1a\u4e3b\u5e2d Patrick McHenry \u4e00\u8d77\u5021\u5bfc\u5bf9\u52a0\u5bc6\u884c\u4e1a\u53cb\u597d\u7684\u7acb\u6cd5\uff0c\u4ed6\u8ba1\u5212\u5728\u5934 100 \u5929\u5185\u4f18\u5148\u8003\u8651\u52a0\u5bc6\u5e02\u573a\u7ed3\u6784\u6cd5\u6848\uff0c\u5e76\u8c03\u67e5\u6240\u8c13\u7684\u300c\u627c\u6740\u70b9\u884c\u52a8 2.0\uff08Choke Point 2.0\uff09\u300d\uff0c\u8bb8\u591a\u4eba\u8ba4\u4e3a\u8be5\u884c\u52a8\u901a\u8fc7\u53bb\u94f6\u884c\u5316\u505a\u6cd5\u4e0d\u516c\u5e73\u5730\u9488\u5bf9\u52a0\u5bc6\u884c\u4e1a\u3002<\/li>\n<\/ul>\n<p>\u300c\u8fd9\u662f\u4e00\u4e2a\u4e3a\u884c\u4e1a\u5236\u5b9a\u826f\u597d\u653f\u7b56\u7684\u771f\u6b63\u673a\u4f1a\uff0c\u300d\u603b\u90e8\u4f4d\u4e8e\u534e\u76db\u987f\u7279\u533a\u7684\u533a\u5757\u94fe\u534f\u4f1a\u9996\u5e2d\u6267\u884c\u5b98\u514b Kristin Smith \u8868\u793a\uff0c\u8be5\u534f\u4f1a\u4ee3\u8868\u7740 100 \u591a\u5bb6\u52a0\u5bc6\u8d27\u5e01\u516c\u53f8\u3002\u300c\u767d\u5bab\u5df2\u8868\u793a\u8fd9\u662f\u4f18\u5148\u4e8b\u9879\u3002\u6211\u8ba4\u4e3a\u6211\u4eec\u5c06\u770b\u5230\u653f\u5e9c\u5404\u90e8\u95e8\u7684\u5171\u540c\u52aa\u529b\u3001\u7acb\u6cd5\u63a8\u52a8\u5e02\u573a\u7ed3\u6784\u548c\u7a33\u5b9a\u5e01\uff0c\u4ee5\u53ca\u5927\u91cf\u521b\u65b0\u56de\u5f52\u7f8e\u56fd\u7684\u91cd\u5927\u8f6c\u53d8\uff0c\u300d\u5979\u8865\u5145\u9053\u3002<\/p>\n<p><strong>\u65b0\u7684\u52a0\u5bc6 IPO \u548c\u98ce\u6295\u8d44\u672c\u8fdb\u5165<\/strong><\/p>\n<p>\u52a0\u5bc6\u8d27\u5e01 IPO \u7684\u8fdb\u7a0b\u6b63\u5728\u5347\u6e29\u3002Bitwise \u5217\u51fa\u4e86\u4e94\u5bb6\u53ef\u80fd\u5728\u660e\u5e74\u4e0a\u5e02\u7684\u516c\u53f8\uff1a<\/p>\n<ul class=\"wp-block-list\">\n<li>Circle\uff1a\u7b2c\u4e8c\u5927\u7a33\u5b9a\u5e01 USDC \u7684\u53d1\u884c\u4eba\uff0c\u4e8e\u4eca\u5e74\u4e00\u6708\u4efd\u79d8\u5bc6\u7533\u8bf7 IPO\u3002<\/li>\n<li>Figure\uff1a\u8be5\u516c\u53f8\u4ee5\u57fa\u4e8e\u533a\u5757\u94fe\u7684\u91d1\u878d\u670d\u52a1\uff08\u5982\u62b5\u62bc\u8d37\u6b3e\u3001\u4e2a\u4eba\u8d37\u6b3e\u548c\u8d44\u4ea7\u4ee3\u5e01\u5316\uff09\u800c\u95fb\u540d\uff0c\u81ea\u53bb\u5e74\u4ee5\u6765\u4e00\u76f4\u5728\u63a2\u7d22\u4e0a\u5e02\u3002<\/li>\n<li>Kraken\uff1a\u8fd9\u5bb6\u603b\u90e8\u4f4d\u4e8e\u7f8e\u56fd\u7684\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240\u7684 IPO \u8ba1\u5212\u53ef\u4ee5\u8ffd\u6eaf\u5230 2021 \u5e74\u3002<\/li>\n<li>Anchorage Digital\uff1a\u4f5c\u4e3a\u8054\u90a6\u7279\u8bb8\u94f6\u884c\u7684\u5730\u4f4d\u53ef\u80fd\u4e3a\u5176\u4e0a\u5e02\u94fa\u5e73\u9053\u8def\u3002<\/li>\n<li>Chainalysis\uff1a\u533a\u5757\u94fe\u5408\u89c4\u548c\u60c5\u62a5\u670d\u52a1\u9886\u57df\u7684\u9886\u5bfc\u8005\uff0c\u6709\u671b\u4e0a\u5e02\u3002<\/li>\n<\/ul>\n<p>\u6b64\u5916\uff0cDragonfly \u7684 Hadick \u8868\u793a\uff1a\u300c\u6211\u9884\u8ba1 LP\uff08\u52a0\u5bc6\u98ce\u6295\u673a\u6784\u7684\u6709\u9650\u5408\u4f19\u4eba\uff09\u5e02\u573a\u4f1a\u53d8\u5f97\u66f4\u597d\uff0c\u4ed6\u4eec\u4f1a\u5e0c\u671b\u5c06\u66f4\u591a\u8d44\u91d1\u6295\u5165\u52a0\u5bc6\u8d27\u5e01\u3002\u8bb8\u591a\u4f20\u7edf\u7684 Web2 \u4ea4\u53c9\u57fa\u91d1\u5c06\u91cd\u8fd4 Web3 \u9886\u57df\u3002\u6211\u4eec\u5df2\u7ecf\u5728\u67d0\u4e9b\u9886\u57df\u770b\u5230\u8fd9\u6837\u7684\u8d8b\u52bf\uff0c\u4f8b\u5982\u7a33\u5b9a\u5e01\u548c\u652f\u4ed8\u3002\u300d\u4ed6\u8865\u5145\u9053\uff0c\u98ce\u9669\u6295\u8d44\u4ea4\u6613\u5f80\u5f80\u6bd4\u516c\u5f00\u5e02\u573a\u4ef7\u683c\u4e0a\u6da8\u6ede\u540e\u4e00\u4e24\u4e2a\u5b63\u5ea6\u3002<\/p>\n<p><strong>\u52a0\u5bc6\u76f8\u5173\u4f01\u4e1a\u88ab\u7eb3\u5165\u4e3b\u8981\u80a1\u7968\u6307\u6570<\/strong><\/p>\n<p>MicroStrategy \u7684\u80a1\u4ef7\u5728\u4eca\u5e74\u4e0a\u6da8\u4e86 400% \u4ee5\u4e0a\u3002\u7531\u4e8e\u65b0\u7684\u4f1a\u8ba1\u89c4\u5219\u5141\u8bb8\u4f01\u4e1a\u5728\u8d22\u52a1\u62a5\u8868\u4e2d\u4ee5\u5e02\u503c\u53cd\u6620\u5176\u6bd4\u7279\u5e01\u6295\u8d44\uff0c\u56e0\u6b64\u8be5\u516c\u53f8\u73b0\u5728\u6210\u4e3a\u7eb3\u65af\u8fbe\u514b 100 \u6307\u6570\u6210\u5206\u80a1\uff0c\u5206\u6790\u5e08\u9884\u6d4b\u8be5\u516c\u53f8\u4e0b\u4e00\u6b65\u5c06\u88ab\u7eb3\u5165\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u3002\u8fd9\u4e00\u53d8\u5316\u53ef\u80fd\u4f1a\u8ba9 MicroStrategy \u8fdb\u5165\u6307\u6570\u8ddf\u8e2a\u57fa\u91d1\uff0c\u4ece\u800c\u52a0\u5165\u65e0\u6570\u7f8e\u56fd\u6295\u8d44\u8005\u7684\u6295\u8d44\u7ec4\u5408\u3002MicroStrategy \u8054\u5408\u521b\u59cb\u4eba\u517c\u6267\u884c\u8463\u4e8b\u957f Michael Saylor \u7684\u300c\u6bd4\u7279\u5e01\u56fd\u5e93\u300d\u7b56\u7565\uff08\u51fa\u552e\u503a\u5238\u548c\u80a1\u7968\u4ee5\u56e4\u79ef\u6bd4\u7279\u5e01\uff09\u5df2\u5c06\u5176\u4ef7\u503c 860 \u4ebf\u7f8e\u5143\u7684\u4f01\u4e1a\u63a8\u5165\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u524d 100 \u540d\u516c\u53f8\u4e4b\u5217\u3002\u5206\u6790\u5e08\u8868\u793a\uff0c\u4eca\u5e74\u4e0a\u6da8 70% \u7684 Coinbase \u4e5f\u53ef\u80fd\u52a0\u5165\u8fd9\u4e00\u4ee4\u4eba\u5782\u6d8e\u7684\u6307\u6570\u3002<\/p>\n<p><strong>\u7a33\u5b9a\u5e01\u6fc0\u589e<\/strong><\/p>\n<p>\u968f\u7740\u7f8e\u56fd\u5373\u5c06\u51fa\u53f0\u5907\u53d7\u671f\u5f85\u7684\u7a33\u5b9a\u5e01\u7acb\u6cd5\uff0c\u7a33\u5b9a\u5e01\u884c\u4e1a\u6709\u671b\u8fce\u6765\u7206\u70b8\u5f0f\u589e\u957f\uff0c\u5e02\u503c\u6709\u671b\u7ffb\u500d\uff0c\u8fbe\u5230 4000 \u4ebf\u7f8e\u5143\u3002\u6839\u636e Bitwise \u7684\u6570\u636e\uff0c2024 \u5e74\u7a33\u5b9a\u5e01\u4ea4\u6613\u989d\u8fbe\u5230 8.3 \u4e07\u4ebf\u7f8e\u5143\uff0c\u51e0\u4e4e\u4e0e Visa \u7684 9.9 \u4e07\u4ebf\u7f8e\u5143\u652f\u4ed8\u989d\u76f8\u5f53\u3002<\/p>\n<p>Tether \u548c Circle \u4ecd\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\u3002\u7136\u800c\uff0cHadick \u8b66\u544a\u79f0\uff0c\u5982\u679c\u5b83\u4eec\u7ee7\u7eed\u50cf\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u800c\u4e0d\u662f\u652f\u4ed8\u516c\u53f8\u90a3\u6837\u8fd0\u8425\uff0c\u5b83\u4eec\u7684\u589e\u957f\u53ef\u80fd\u5f88\u5feb\u5c31\u4f1a\u505c\u6ede\u3002<\/p>\n<p>Stripe \u4e8e 10 \u6708\u65a5\u8d44 11 \u4ebf\u7f8e\u5143\u6536\u8d2d\u7a33\u5b9a\u5e01\u5e73\u53f0 Bridge\uff0c\u8fd9\u4f20\u9012\u51fa\u4e00\u4e2a\u4fe1\u606f\uff1a\u7a33\u5b9a\u5e01\u53ef\u80fd\u6210\u4e3a\u91d1\u878d\u79d1\u6280\u7684\u57fa\u77f3\u3002Stripe \u79f0\u5176\u4e3a\u300c\u91d1\u878d\u670d\u52a1\u7684\u8d85\u5bfc\u4f53\u300d\uff0c\u5e76\u5439\u6367\u5176\u65e0\u4e0e\u4f26\u6bd4\u7684\u901f\u5ea6\u3001\u4f4e\u6210\u672c\u548c\u5168\u7403\u5f71\u54cd\u529b\u3002Robinhood \u4e5f\u7d27\u968f\u5176\u540e\uff0c\u63a2\u7d22\u6253\u9020\u4e00\u4e2a\u5168\u7403\u7a33\u5b9a\u5e01\u7f51\u7edc\u3002<\/p>\n<p>\u4e0e\u6b64\u540c\u65f6\uff0c\u4e0b\u4e00\u4ee3\u300c\u7a33\u5b9a\u5e01 2.0\u300d\u6a21\u5f0f\u6b63\u5728\u6084\u7136\u5174\u8d77\u3002\u7ebd\u7ea6\u52a0\u5bc6\u8d27\u5e01\u5206\u6790\u516c\u53f8 Delphi Digital \u7684\u7814\u7a76\u4e3b\u7ba1 Ceteris \u89e3\u91ca\u8bf4\uff1a\u300c\u6709\u8bb8\u591a\u65b0\u7684\u7a33\u5b9a\u5e01\u6a21\u5f0f\u6b63\u5728\u5411\u4ee3\u5e01\u6301\u6709\u8005\u6216\u5b9e\u9645\u5438\u5f15\u7528\u6237\u7684\u5e94\u7528\u7a0b\u5e8f\u56de\u9988\u6536\u5165\u3002\u6211\u8ba4\u4e3a\u8fd9\u4e9b\u6a21\u5f0f\u5177\u6709\u98a0\u8986\u6027\u3002\u300d<\/p>\n<p><strong>\u4f20\u7edf\u8d44\u4ea7\u4ee3\u5e01\u5316\u52a0\u901f<\/strong><\/p>\n<p>\u8d1d\u83b1\u5fb7\u9996\u5e2d\u6267\u884c\u5b98 Larry Fink \u591a\u5e74\u6765\u4e00\u76f4\u5728\u5ba3\u4f20\u4ee3\u5e01\u5316\u3002\u4ece\u623f\u5730\u4ea7\u5230\u827a\u672f\u54c1\uff0c\u4e00\u5207\u53ef\u80fd\u5f88\u5feb\u5c31\u4f1a\u6709\u4ee3\u5e01\u3002\u4ee3\u5e01\u5316\u6700\u5927\u7684\u597d\u5904\u662f\uff1a\u5373\u65f6\u7ed3\u7b97\u3001\u6bd4\u4f20\u7edf\u8bc1\u5238\u5316\u6210\u672c\u66f4\u4f4e\u3001\u5168\u5929\u5019\u6d41\u52a8\u6027\u548c\u900f\u660e\u5ea6\u3002<\/p>\n<p>\u4e09\u5e74\u524d\uff0c\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\u4ec5\u5c06 20 \u4ebf\u7f8e\u5143\u7684\u73b0\u5b9e\u4e16\u754c\u8d44\u4ea7 (RWA) \u4ee3\u5e01\u5316\uff0c\u5305\u62ec\u79c1\u4eba\u4fe1\u8d37\u3001\u7f8e\u56fd\u503a\u52a1\u3001\u5927\u5b97\u5546\u54c1\u548c\u80a1\u7968\u3002\u5982\u4eca\uff0c\u8fd9\u4e00\u6570\u5b57\u5df2\u63a5\u8fd1 140 \u4ebf\u7f8e\u5143\u3002\u98ce\u9669\u6295\u8d44\u516c\u53f8 ParaFi \u9884\u6d4b\uff0c\u5230 2030 \u5e74\uff0c\u4ee3\u5e01\u5316\u7684 RWA \u5e02\u573a\u89c4\u6a21\u53ef\u80fd\u98d9\u5347\u81f3 2 \u4e07\u4ebf\u7f8e\u5143\uff0c\u9884\u793a\u7740\u8d44\u4ea7\u6240\u6709\u6743\u548c\u4ea4\u6613\u5c06\u53d1\u751f\u91cd\u5927\u8f6c\u53d8\u3002<\/p>\n<p><strong>\u65b0\u7684\u5e94\u7528\u7a0b\u5e8f\uff0c\u66f4\u597d\u7684\u57fa\u7840\u8bbe\u65bd<\/strong><\/p>\n<p>2024 \u5e74\u5e74\u5e95\u7684\u6d41\u884c\u8bed\u662f AI \u4ee3\u7406\u3002\u51c6\u5907\u597d\u89c1\u8bc1\u4eba\u5de5\u667a\u80fd\u4e0e\u52a0\u5bc6\u8d27\u5e01\u7684\u878d\u5408\uff0c\u8fd9\u79cd\u878d\u5408\u66f4\u63a5\u8fd1\u79d1\u5e7b\u5c0f\u8bf4\u3002<\/p>\n<p>\u8fd9\u4e00\u8d8b\u52bf\u5df2\u7ecf\u521d\u9732\u950b\u8292\u3002\u4ee5 TruthTerminal \u4e3a\u4f8b\uff0c\u8fd9\u4e2a AI \u4ee3\u7406\u4e0d\u4ec5\u4ece Marc Andreessen \u90a3\u91cc\u83b7\u5f97\u4e86 5 \u4e07\u7f8e\u5143\uff0c\u8fd8\u5229\u7528 X \u793e\u4ea4\u5a92\u4f53\u6210\u4e3a\u4e86\u767e\u4e07\u5bcc\u7fc1\u3002\u5b83\u7684\u6210\u529f\u6e90\u4e8e\u63a8\u5e7f\u4e00\u6b3e\u57fa\u4e8e 2000 \u5e74\u4ee3\u65e9\u671f\u8352\u8c2c\u6a21\u56e0\u7684\u4ee3\u5e01\uff08\u8be5\u4ee3\u5e01\u7684\u533f\u540d\u521b\u5efa\u8005\u5c06\u4e00\u5927\u7b14\u94b1\u8f6c\u5165 TruthTerminal \u7684\u94b1\u5305\uff0c\u8be5\u94b1\u5305\u7531 Andy Ayrey \u7ba1\u7406\uff09\u3002<\/p>\n<p>\u4f46\u5206\u6790\u5e08\u4eec\u5bf9\u6b64\u6301\u8c28\u614e\u6001\u5ea6\u3002\u5b9e\u7528\u7684\u4eba\u5de5\u667a\u80fd\u4ee3\u7406\uff08\u4f8b\u5982\u90a3\u4e9b\u8bd5\u56fe\u4ee3\u8868\u7528\u6237\u8de8\u533a\u5757\u94fe\u6267\u884c\u590d\u6742\u4ea4\u6613\u7684\u4ee3\u7406\uff09\u6570\u91cf\u7a00\u5c11\u4e14\u5c1a\u5904\u4e8e\u65e9\u671f\u9636\u6bb5\u3002\u300c\u4ee3\u7406\u4e4b\u6240\u4ee5\u4ee4\u4eba\u5174\u594b\uff0c\u662f\u56e0\u4e3a\u5b83\u4eec\u975e\u5e38\u65b0\u9896\uff0c\u300dDelphi \u7684 Ceteris \u8bf4\uff0c\u300c\u4f46\u65e0\u8bba\u597d\u574f\uff0c\u5b83\u90fd\u53ef\u80fd\u662f\u672c\u8f6e\u5468\u671f\u4e2d\u6700\u5927\u7684\u6ce1\u6cab\u3002\u300d<\/p>\n<p>\u5c3d\u7ba1\u533a\u5757\u94fe\u884c\u4e1a\u4ecd\u7136\u652f\u79bb\u7834\u788e\uff0c\u5927\u591a\u6570\u53bb\u4e2d\u5fc3\u5316\u5e94\u7528\u5c1a\u672a\u6210\u4e3a\u4e3b\u6d41\uff0c\u4f46\u6253\u9020\u5f3a\u5927\u57fa\u7840\u8bbe\u65bd\u7684\u5de5\u4f5c\u4ecd\u5728\u7ee7\u7eed\u3002Ceteris \u89e3\u91ca\u8bf4\uff1a\u300cSolana 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