加密資產，財政公司和資產管理：紐約的觀點

探索加密資產，國庫公司和資產管理的交集。公司如何管理數字資產和加密貨幣不斷發展的景觀。

Crypto Assets, Treasury Companies, and Asset Management: A New York Perspective

加密資產，財政公司和資產管理：紐約的觀點

The world of crypto is buzzing, and treasury companies are increasingly diving into digital assets. Let's break down what's happening in the realm of crypto assets, treasury companies, and asset management, straight from a New York state of mind. It's all about navigating this wild west of finance with a bit of savvy and a whole lot of foresight.

加密貨幣世界正在嗡嗡作響，國庫公司越來越多地進入數字資產。讓我們直接從紐約的心態直接分解加密資產，財政公司和資產管理領域中正在發生的事情。這全都是要以一些精明和大量的遠見道來瀏覽這一野外的金融西部。

The Rise of Digital Asset Treasuries (DATs)

數字資產國庫的興起（DATS）

Digital Asset Treasuries (DATs) are becoming the new kids on the block. Guy Young, founder of Ethena Labs, and Rob Hadick from Dragonfly, recently discussed this emerging trend. The big question? Are public equity markets ready for altcoin-native treasuries? StablecoinX, within the Ethena ecosystem, is merging with a SPAC to go public on Nasdaq under the ticker “USDE,” backed by serious investors. This move is a litmus test for the appetite for crypto-heavy balance sheets.

數字資產國庫（DATS）正在成為街上的新孩子。 Ethena Labs的創始人Guy Young和Dragonfly的Rob Hadick最近討論了這一新興趨勢。大問題？公共股票市場是否準備好供替代幣本地國庫進行？ Ethena生態系統內的Stablecoinx正在與一個由認真投資者支持的股票“ USDE”下的SPAC合併在納斯達克公開場合。此舉是對加密貨幣平衡表食慾的一場試金石測試。

Novogratz Weighs In: Peak Treasury Company Issuance?

Novogratz的權重：最高財政部公司發行？

Michael Novogratz, CEO of Galaxy Digital, thinks we might have hit peak treasury company issuance. According to Novogratz, the focus is shifting to existing players becoming industry giants. Strategy (formerly MicroStrategy) is leading the charge, raising capital to buy more digital tokens. Firms like BitMine Immersion and SharpLink Gaming are following suit, amassing significant Ethereum holdings. Novogratz believes these treasury companies are broadening crypto’s appeal, but newer firms might struggle for attention in this crowded space.

Galaxy Digital的首席執行官Michael Novogratz認為，我們可能已經達到了峰值財政公司的發行。根據Novogratz的說法，重點是轉移到現有球員成為行業巨頭的轉變。策略（以前是MicroStrategy）正在領導這項指控，籌集了資金購買更多的數字代幣。像Bitmine Immersion和Sharplink遊戲這樣的公司都效仿，積累了大量的以太坊持有量。 Novogratz認為，這些財政公司正在擴大加密貨幣的吸引力，但新公司可能在這個擁擠的空間中努力關注。

Coinbase's DEX Revolution

Coinbase的Dex革命

Coinbase is shaking things up with its move into decentralized exchange (DEX) trading. This new feature lets users swap Base network tokens in real-time, cutting through the red tape of traditional listing procedures. By blending centralized reliability with DeFi's vastness, Coinbase is making crypto more accessible. They're also teaming up with aggregators like Uniswap and Aerodrome to offer competitive pricing.

Coinbase逐漸進入分散交易（DEX）交易，正在搖動一切。此新功能使用戶可以實時交換基本網絡令牌，從而介紹了傳統上市過程的繁文tape節。通過將集中的可靠性與Defi的廣闊度相結合，Coinbase使加密貨幣更容易訪問。他們還與Uniswap和Aerodrome等聚合器合作，提供有競爭力的價格。

LYNO: A Crypto Asset to Watch?

Lyno：值得關注的加密資產？

LYNO is making waves with its AI-driven cross-chain arbitrage protocol. This project aims to leverage AI and blockchain interoperability to capitalize on price differences between EVM-based networks. With a fixed supply of 500 million tokens, LYNO offers staking rewards and governance rights to its holders. Currently in presale, LYNO is focused on security and ecosystem development, positioning itself as a promising player in the DeFi market.

Lyno正在使用其AI驅動的跨鏈套利協議進行波浪。該項目旨在利用AI和區塊鏈互操作性來利用基於EVM的網絡之間的價格差異。林諾（Lyno）固定供應5億個代幣，為其持有人提供了積分的獎勵和治理權利。目前在Presale中，Lyno專注於安全和生態系統的開發，將自己定位為Defi市場中有前途的球員。

Navigating the Regulatory Maze

導航監管迷宮

DEX trading introduces regulatory complexities. Using centralized platforms to interact with decentralized token pools blurs jurisdictional lines. Traders and startups need to balance the operational ease of platforms like Coinbase with the evolving regulatory environment. As Novogratz noted, tokenization faces unresolved questions about liquidity and regulation, highlighting the need for clear guidelines.

DEX交易引入了法規複雜性。使用集中式平台與分散的代幣池進行交互，模糊了管轄線。交易者和初創公司需要平衡Coinbase等平台的運營便捷性與不斷發展的監管環境。正如Novogratz指出的那樣，令牌化面臨有關流動性和監管的未解決的問題，強調了需要明確的準則。

Final Thoughts: The Future is Bright (and a Little Wild)

最終想法：未來是光明的（有點瘋狂）

So, what's the takeaway? Crypto assets are becoming mainstream, thanks to innovative treasury companies and platforms like Coinbase. While regulatory challenges persist, the integration of AI, DeFi, and traditional finance is creating exciting opportunities. Keep your eyes peeled, do your homework, and remember, in the world of crypto, a little New York hustle can go a long way. Just try not to get too caught up in the hype, alright?

那麼，收穫是什麼？得益於創新的財政公司和Coinbase等平台，加密資產正成為主流。儘管監管挑戰持續存在，但AI，DEFI和傳統財務的整合正在創造令人興奮的機會。保持眼睛剝皮，做功課，並記住，在加密貨幣世界中，紐約的小喧囂可以走很長一段路。只是盡量不要太炒作，好嗎？