比特幣ETF Buzz vs. Defi代幣夢：在加密中解碼籌款

比特幣ETF正在吸引頭條新聞，但是像Mutuum Finance這樣的Defi令牌正在悄悄地籌集數百萬人。立即籌款活動背後的真實故事是什麼？

Bitcoin ETF Buzz vs. DeFi Token Dreams: Decoding Fundraising in Crypto

比特幣ETF Buzz vs. Defi代幣夢：在加密中解碼籌款

Wall Street's all hyped about Bitcoin ETFs and their massive inflows, but there's another story brewing in the crypto world. While institutions are pouring money into ETFs, crypto-native investors are quietly staking their claims in DeFi projects. Let's dive into what's happening with Bitcoin ETFs, DeFi tokens, and the fundraising landscape.

華爾街對比特幣ETF及其大量流入的全部炒作，但加密貨幣世界中還有另一個故事。儘管機構正在向ETF投入資金，但加密本地的投資者正在悄悄地將自己的主張納入Defi項目。讓我們深入了解比特幣ETF，Defi令牌和籌款環境的情況。

Bitcoin ETFs: BlackRock Dominates, But Inflows Soften

比特幣ETF：貝萊德占主導地位，但流入軟化

BlackRock's iShares Bitcoin Trust (IBIT) is crushing it, pulling in a staggering $639 million on June 17th and holding over 674,000 BTC. That's like the Yankees signing another MVP. Since its launch, IBIT has raked in over $50 billion, dwarfing competitors like Fidelity. BlackRock now controls a whopping 54% of the total Bitcoin ETF market, managing $70 billion in assets. Not bad, right?

貝萊德（Blackrock）的iShares比特幣信託基金（IBIT）正在粉碎它，6月17日賺了驚人的6.39億美元，持有超過674,000的BTC。就像洋基隊簽署了另一個MVP。自伊比特（Ibit）推出以來，伊比特（Ibit）的票房超過500億美元，使像富達（Fidelity）這樣的競爭對手縮短了競爭對手。貝萊德現在控制著比特幣ETF市場的54％，管理了700億美元的資產。還不錯，對吧？

But here's the catch: while BlackRock is killing it, overall Bitcoin ETF inflows are slowing down. On the same day IBIT snagged $640 million, net inflows across all US Bitcoin ETFs were just $216 million. Fidelity and Ark Invest actually saw outflows. This slowdown might be due to Bitcoin's price drop amidst geopolitical tensions. Investors get spooked easily, ya know?

但這是收穫：雖然貝萊德正在殺死它，但總體比特幣ETF流入正在放緩。同一天，IBIT搶購了6.4億美元，所有美國比特幣ETF的淨流入僅為2.16億美元。富達和方舟投資實際上看到了流出。這種放緩可能是由於比特幣在地緣政治緊張局勢中的價格下跌。投資者很容易被嚇到，您知道嗎？

DeFi Tokens: A Grassroots Fundraising Revolution

Defi令牌：基層籌款革命

Away from the ETF frenzy, a decentralized movement is taking shape. Mutuum Finance (MUTM), a DeFi protocol still in its presale, has already attracted over 12,100 investors and raised over $10.70 million. With the token priced at just $0.03, it's like finding a dollar slice that actually tastes good. Mutuum Finance is building from the ground up with a decentralized, transparent architecture, combining next-gen DeFi functionality with an accessible entry point.

遠離ETF Frenzy，一個分散的運動正在形成。 Mutuum Finance（MUTM）是一種仍在其預售中的Defi協議，已經吸引了12100多名投資者，並籌集了超過1,070萬美元。對於代幣的價格僅為0.03美元，就像找到了一塊真正味道不錯的美元。 Mutuum Finance正在以分散的，透明的結構從頭開始建立，將下一代Defi功能與可訪問的入口點相結合。

Mutuum Finance is introducing a dual lending system: Peer-to-Contract (P2C) and Peer-to-Peer (P2P). P2C lets users deposit blue-chip assets and earn dynamic interest rates, while P2P allows for direct negotiation of terms, even for assets like DOGE and SHIB. Plus, Layer-2 integration keeps fees low and transaction speeds high. All deposits are managed by non-custodial smart contracts, giving users full control. They've even secured an audit from CertiK, adding another layer of trust.

Mutuum Finance引入了雙重貸款系統：對等合同（P2C）和點對點（P2P）。 P2C允許用戶存入藍籌資產並賺取動態利率，而P2P允許直接談判條款，即使對於Doge和Shib等資產也是如此。另外，第2層集成使費用保持低，交易速度很高。所有存款均由非監測的智能合約管理，從而為用戶提供了完全控制。他們甚至獲得了Certik的審核，增加了另一層信任。

Ripple's Fundraising Hurdles: A Legal Tug-of-War

Ripple的籌款障礙：合法的拔河

Ripple's facing its own set of fundraising challenges due to a court injunction restricting institutional XRP sales. This injunction, stemming from a 2023 ruling, blocks Ripple from selling XRP to institutional investors unless they comply with securities regulations. Basically, they're stuck in legal limbo.

由於法院禁令限制了機構XRP銷售，Ripple面臨著自己的籌款挑戰。該禁令源於2023年的裁決，將波紋從出售XRP到機構投資者中，除非遵守證券法規。基本上，它們陷入了法律困境。

Ripple and the SEC have filed a joint motion to dissolve this restriction, but former SEC lawyer Marc Fagel believes the injunction weakens Ripple's ability to attract institutional investors. Without relief, Ripple can't offer XRP in private placements without legal risk, putting them at a disadvantage compared to other firms. It's like trying to run a race with one leg tied.

Ripple和SEC已提出了解散這一限制的動議，但前SEC律師Marc Fagel認為該禁令削弱了Ripple吸引機構投資者的能力。沒有救濟，Ripple就無法在沒有法律風險的情況下提供XRP，與其他公司相比，它們處於不利地位。這就像試圖用一條腿綁在一起的比賽。

The Takeaway: Different Strokes for Different Folks

外賣：不同人的不同筆觸

So, what's the big picture? Bitcoin ETFs are attracting massive institutional capital, but DeFi tokens like Mutuum Finance are carving out their own niche with grassroots support. Meanwhile, Ripple's navigating a complex legal landscape that's impacting its fundraising strategy.

那麼，大局是什麼？比特幣ETF吸引了大量的機構資本，但是像Mutuum Finance這樣的Defi令牌正在用基層支持來雕刻自己的利基市場。同時，Ripple瀏覽了一條複雜的法律景觀，該景觀影響了其籌款策略。

It seems that while institutional investors are focused on the more established, regulated routes like ETFs, smaller crypto-native investors are more willing to take a chance on new DeFi projects with the potential for high returns. Ripple's situation highlights the ongoing regulatory uncertainty in the crypto space, which can significantly impact a company's ability to raise capital.

看來，儘管機構投資者專注於諸如ETF之類的更具成熟，受監管的路線，但較小的加密本地投資者更願意抓住機會，從而有可能獲得高回報。 Ripple的情況強調了加密貨幣領域正在進行的監管不確定性，這可能會嚴重影響公司籌集資金的能力。

Final Thoughts: Bet on the Future, Not Just the Hype

最終想法：押注未來，而不僅僅是炒作

Wall Street might be celebrating its ETF wins, but savvy investors are already looking ahead. The question isn't just where the big money is going now, but where tomorrow's biggest returns will come from. Whether it's Bitcoin ETFs, DeFi tokens, or navigating regulatory hurdles, the crypto fundraising landscape is constantly evolving. So, keep your eyes peeled, do your research, and maybe you'll find the next big thing before everyone else does. And remember, past performance is not indicative of future results – especially in crypto! It's like trying to predict the weather in New York – good luck with that!

華爾街可能正在慶祝其ETF勝利，但精明的投資者已經在展望。這個問題不僅是現在的大筆錢，而且明天的最大回報將來自哪裡。無論是比特幣ETF，Defi令牌還是導航監管障礙，加密籌款環境都在不斷發展。因此，請保持眼睛剝皮，進行研究，也許您會在其他人之前找到下一個大事。請記住，過去的性能並不能指示未來的結果，尤其是在加密貨幣中！這就像試圖預測紐約的天氣一樣 - 祝你好運！