隨著比特幣（BTC）等待美聯儲的速率決定，對美國加密貨幣監管的疑問會引起人們的懷疑

正如比特幣（BTC）和更廣泛的加密貨幣市場在周三等待美聯儲的速率決定一樣，出現了一種可能會嚴重影響市場情緒的異常現象

Top Headlines

頭條新聞

Senate Democrats appear to be pulling back on their support for landmark stablecoin legislation following President Donald Trump's active involvement in crypto, according to a report by CoinDesk on Tuesday.

根據Coindesk週二的一份報告，參議院民主黨人似乎正在支持他們對地標Stablecoin立法的支持。

Earlier this year, the Senate was expected to vote on the bipartisan legislation that would impose new regulations on stablecoins, aiming to complete the process by May. However, with Trump's increasing personal gains from his crypto ventures, Senate Democrats have become less supportive of the bill's passage.

今年早些時候，預計參議院將對兩黨立法進行投票，該立法將對Stablecoins施加新的法規，旨在在5月之前完成該過程。但是，隨著特朗普從他的加密貨幣企業中獲得的個人收益的增加，參議院民主黨人對該法案的通過不足。

When Trump took office, many observers anticipated a smooth transition for crypto regulation as part of a broader administrative agenda. Looking back, that optimism was probably misplaced.

當特朗普上任時，許多觀察家預計，作為更廣泛的行政議程的一部分，加密法規會順利過渡。回顧過去，這種樂觀情緒可能放錯了位置。

The president's active involvement in digital assets through family-linked projects like WLFI and memecoins has drawn opposition, potentially slowing the regulatory progress.

總統通過WLFI和Memecoins等家庭鏈接項目積極參與數字資產，這引起了反對，可能會減慢監管進步。

This might lead investors to reprice regulatory uncertainty just as charts for BTC and XRP are signaling pullback risks.

就像BTC和XRP的圖表引起的回調風險一樣，這可能會導致投資者重新調節不確定性。

Also, U.S.-based investors' demand for bitcoin appears to be weakening again, according to a recent analysis by CryptoQuant.

此外，根據CryptoFunt的最新分析，總部位於美國的投資者對比特幣的需求似乎再次削弱。

"Over the past month, the premium recovered significantly but is now dropping again — aligning with the recent BTC price correction," CryptoQuant contributor AbramChart said.

CryptoQuant撰稿人Abramchart說：“在過去的一個月中，保費大幅恢復，但現在再次下降 - 與最近的BTC價格校正保持一致。”

On the positive side, U.S.-listed spot bitcoin exchange-traded funds (ETFs) have recorded net inflows for three consecutive days.

從積極的一面來看，美國上市比特幣交易所交易基金（ETF）連續三天記錄了淨流入。

Moreover, Acting CFTC Chairman Caroline Pham has revealed that the derivatives market regulator plans to observe a handful of tokenization pilot programs to evaluate the technology and assess how effectively tokenized assets function in the real world, as reported by crypto journalist Eleanor Terret.

此外，代理CFTC董事長卡羅琳·帕姆（Caroline Pham）透露，衍生品市場監管機構計劃觀察幾種令牌化試點計劃，以評估該技術並評估Crypto新聞記者Eleanor Terret的報導，該技術在現實世界中的有效象徵性資產在現實世界中的功能。

The macroeconomic landscape also holds implications for the crypto markets. Taiwan dollar forward contracts are signaling extreme pressure on the U.S. dollar, suggesting a continuation of the greenback's decline against the Asian currency and major currencies like the euro.

宏觀經濟景觀也對加密貨幣市場有影響。台灣美元的遠期合同表明了美元對美元的極大壓力，這表明綠色對亞洲貨幣和像歐元這樣的主要貨幣的下降延續。

This broad-based USD weakness may create a favorable environment for crypto. Increased volatility in the FX market could drive investors towards gold and potentially bitcoin, unless it leads to a broader risk-off scenario, in which case BTC might be affected.

這種基於廣泛的美元弱點可能會為加密貨幣創造一個有利的環境。 FX市場中的波動性增加可能會推動投資者邁向黃金和潛在的比特幣，除非它導致更廣泛的風險情況，否則BTC可能會受到影響。

Another bullish development is U.S. Treasury Secretary Scott Bessent's comments that U.S. rates now carry sovereign credit risk rather than just long-term growth and inflation expectations.

另一個看漲的發展是美國財政部長斯科特·貝森特（Scott Bessent）的評論，即美國利率現在具有主權信用風險，而不僅僅是長期增長和通貨膨脹期望。

In essence, rates are artificially high due to a risk premium on the U.S. government itself, as pseudonymous observer EndGame Macro pointed out. This shift could continue, diverting investment away from U.S. assets and towards alternative avenues.

從本質上講，由於對美國政府本身的風險溢價，人為人為地率很高，正如化名觀察家最終遊戲宏所指出的那樣。這種轉變可以繼續，將投資從美國資產轉移到替代途徑。

Top MemeCoin Balances Dumped After Devastating Price Crash

毀滅性價格崩潰後，最高的紀念餘額被傾倒

The price of the memecoin token, BigInt (BIG), has plummeted by 90% over the past 24 hours, causing a massive loss of funds for those who invested in the token. According to data from DeFiLlama, BigInt's total value locked (TVL) has dropped to just $6,600, a stark contrast to its previous high of $70,000 just a day ago.

在過去的24小時內，Memecoin代幣（BigInt）的價格下跌了90％，造成投資於代幣的人的大量資金損失。根據Defillama的數據，Bigint的總價值鎖定（TVL）僅下降到6,600美元，這與一天前的70,000美元的高點形成了鮮明的對比。

The significant decline in BigInt's valuation can be attributed to a technical error that occurred during the migration of the BigInt chain. Due to the error, the BigInt token was not fully deployed on the new chain, leading to a substantial decrease in its price.

Bigint估值的顯著下降可以歸因於Bigint鏈遷移期間發生的技術錯誤。由於錯誤，BigInt令牌並未完全部署在新鏈上，從而大大降低了其價格。

The memecoin's price crashed from $0.04 on Tuesday morning to lows of $0.003 at one point during the day, wiping out nearly 90% of its value.

Memecoin的價格從周二上午的0.04美元跌至白天的某一時光的低點0.003美元，消除了其價值的近90％。

As the memecoin's price plunged, the top three BigInt token balances on the Ethereum blockchain were liquidated. One balance, holding 1.8 million BigInt tokens, was completely emptied at around 4:30 AM ET.

隨著Memecoin的價格下降，以太坊區塊鏈上的前三名Bigint代幣餘額被清算。一個持有180萬個Bigint代幣的平衡在美國東部時間上午4:30左右完全清空。

Another large balance, amounting to 1.2 million tokens, was also fully liquidated around 7:00 AM ET. Finally, a third balance, holding 1 million tokens, was gradually emptied over several hours, beginning at 5:00 AM ET and concluding around 12:00 PM ET.

在美國東部時間上午7:00左右，另一個巨大的平衡總計120萬個令牌。最後，第三平衡持有100萬個令牌，逐漸在美國東部時間上午5:00開始，在美國東部時間下午12:00左右結束。

The massive price drop and subsequent liquidation of the top balances indicate the severity of the error and its impact on BigInt investors.

最高餘額的大量價格下跌和隨後的清算表明，錯誤的嚴重性及其對Bigint投資者的影響。

What to Watch

看什麼

Token Events

令牌事件

Conferences

會議

CoinDesk's Consensus is taking place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes.

Coindesk的共識將於5月14日至16日在多倫多進行。使用代碼日書並節省15％的通行證。

Token Talk

代幣談話

By Shaurya Malwa

Shaurya Malwa

Derivatives Positioning

衍生物定位

Market Movements

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Bitcoin Stats

比特幣統計

Technical Analysis

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Crypto Equities

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ETF Flows

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Spot BTC ETFs:

SPOT BTC ETF：

Spot ETH ETFs

點ETH ETF

Source: Farside Investors

資料來源：Farside Investors

Overnight Flows

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Chart of the Day

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While You Were Sleeping

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In the Ether

在以太