以太坊（ETH）飆升超過$ 2,500，打破了電阻水平

以太坊在亞洲早些時候飆升了2,00美元，增長了3.7％，果斷地超過了其先前的抵抗水平約2500美元

Good Morning, Asia. Here’s what’s making news in the markets:

早上好，亞洲。這是市場上新聞的原因：

(Image: CC0 Public Domain)

（圖片：CC0公共領域）

To coin a phrase, Bitcoin and luxury watches were both ‘hot' during the pandemic, as government stimulus and low interest rates created a perfect storm for speculative assets. Prices for both also moved closely in tandem, at least until mid-2023. However, over the past year, the two have taken distinctly different paths, with BTC surging 56.9% and luxury watches falling by 4%, according to Bitcoin price today and WatchCharts.com.

為了造成一句話，在大流行期間，比特幣和豪華手錶都“熱”，因為政府刺激和低利率為投機資產帶來了完美的風暴。至少直到2023年中，兩者的價格也緊密地轉移。但是，在過去的一年中，這兩者的道路截然不同，BTC飆升了56.9％，豪華手錶下降了4％，根據《今天的比特幣》和《 WatchCharts.com》。

As recently as May 2023, the two assets were still closely correlated, with a correlation coefficient of 0.68, indicating a moderate positive correlation. However, by the start of 2024, the correlation had weakened significantly to 0.21, and by mid-January, it fell further to 0.08, signaling minimal correlation.

直到2023年5月，這兩個資產仍然密切相關，相關係數為0.68，表明中等正相關。但是，到2024年初，相關性已顯著削弱至0.21，到1月中旬，信號傳達相關性最小。

OKX Global Chief Commercial Officer Lennix Lai attributes Bitcoin’s sustained upward trajectory to increased institutional adoption and maturation as a credible asset.

OKX全球首席商務官Lennix Lai將比特幣的持續向上軌跡歸因於機構採用和成熟作為可靠的資產。

“We've seen a shift in thinking, especially within institutions, recognizing Bitcoin as a valuable addition to their investment portfolios, leading to substantial increases in institutional capital flows into Bitcoin over the past year,” Lai noted.

萊說：“我們已經看到思維的轉變，尤其是在機構內部，將比特幣視為其投資組合的寶貴補充，從而導致了過去一年的機構資本流入比特幣的大幅增長。”

In contrast, the secondary market for luxury watches has cooled considerably from its pandemic peak.

相比之下，豪華手錶的二級市場從大流行高峰中大大冷卻。

“The real collectors stayed in watches while speculators moved on, and bitcoin has matured to take its place in many investors’ portfolios,” Lai said. “Watches make great heirlooms, but I'll take Bitcoin any day as a generational asset. You can't lose it, scratch it during a move, or have it stolen, as long as you keep your seed phrase secure.”

萊說：“當投機者繼續前進時，真正的收藏家留在手錶中，比特幣已經成長為許多投資者的投資組合。” “手錶使傳家寶做得很好，但是我每天都會將比特幣作為世代的資產。只要您確保種子短語安全，您就不會在移動期間抓取它，在移動過程中刮擦它或被盜。”

Yet, in recent months, the luxury watch market has shown early signs of a modest recovery, posting a 0.3% gain over the last three months.

然而，近幾個月來，豪華手錶市場已經顯示出適度恢復的早期跡象，在過去三個月中的增長率為0.3％。

Jake Plonskier, founder of Watches.io, attributes this rebound to external economic pressures rather than renewed crypto-driven speculation. He notes rising tariffs and surging gold prices as key catalysts.

Watches.io的創始人Jake Plonskier將這種反彈歸因於外部經濟壓力，而不是更新以加密貨幣驅動的推測。他指出，關稅上漲，並將黃金價格作為關鍵催化劑飆升。

“Gold and silver are decent proxies for the watch market,” Plonskier explained, highlighting Rolex’s January decision to raise MSRP by 14% for its gold models.

普朗斯基（Plonskier）解釋說：“黃金和白銀是守望市場的體面代理人，”強調了勞力士（Loyx）一月份的決定，其黃金模型將MSRP提高14％。

He added that crypto's lasting impact on luxury watches is primarily demographic: "Crypto wealth introduced a whole new market that can afford watches. Now men under 30 can afford Pateks and APs, which traditionally never would have been purchased by this type of clientele.”

他補充說，加密對豪華手錶的持久影響主要是人口統計：“加密貨幣財富引入了一個全新的市場，可以負擔得起手錶。現在，30歲以下的男性可以負擔得起帕特克斯和AP，而傳統上，這種客戶永遠不會購買這種客戶。”

Circle Prepares for IPO Filing

圈子準備IPO備案

Circle Internet Group, the issuer of stablecoin USDC, has filed for an initial public offering (IPO) on the New York Stock Exchange under the ticker "CRCL," aiming to sell 24 million class A shares priced between $24 and $26 each, according to a previous report by .

Stablecoin USDC的發行人Circle Internet Group已在股票“ CRCL”下向紐約證券交易所的首次公開募股（IPO）申請，旨在出售2400萬級A級股票，每股價格在24至26美元之間。

The company itself will offer 9.6 million shares, potentially raising nearly $250 million, while selling stakeholders are providing an additional 14.4 million shares, possibly earning close to $375 million.

該公司本身將提供960萬股股票，可能籌集近2.5億美元，而出售利益相關者的股票則提供另外1440萬股股票，可能收入接近3.75億美元。

Cathie Wood’s ARK Investment has indicated interest in purchasing $150 million worth of shares during the IPO, which is being managed by joint lead active bookrunners J.P. Morgan, Citigroup, and Goldman Sachs.

Cathie Wood的ARK投資表示有興趣在IPO期間購買價值1.5億美元的股票，該股票由聯合主管Active Bookrunners JP Morgan，Citigroup和Goldman Sachs管理。

The IPO filing follows previous unsuccessful attempts, including a failed SPAC deal in 2021 and brief consideration of a $5 billion sale to firms such as Coinbase or Ripple.

IPO申請遵循以前的未成功嘗試，包括2021年的SPAC交易失敗，並簡要考慮了向Coinbase或Ripple等公司進行50億美元的銷售。

Marathon Digital CEO Says U.S. Government Should Mine BTC

馬拉松數字首席執行官說，美國政府應該挖掘BTC

Marathon Digital CEO Fred Thiel has urged the U.S. government to start actively mining bitcoin to fulfill President Trump's directive for a strategic bitcoin reserve, suggesting excess hydroelectricity could support domestic mining operations, as reported by .

馬拉松數字首席執行官弗雷德·蒂爾（Fred Thiel）敦促美國政府開始積極採礦比特幣，以履行特朗普總統的戰略比特幣儲備指令，這表明過多的水力發電可以支持國內採礦業務，如報導。

Speaking at Bitcoin 2025, Thiel emphasized the necessity of tangible steps beyond the current plan of using approximately 200,000 seized bitcoins from government forfeitures. Senator Cynthia Lummis supports this broader vision through her proposed BITCOIN Act, advocating for converting underperforming government gold certificates into bitcoin to expand the reserve substantially.

蒂爾（Thiel）在比特幣2025年發表講話，強調了有必要的步驟，超出了當前使用大約200,000次從政府沒收中查獲的比特幣的計劃。參議員辛西婭·盧米斯（Cynthia Lummis）通過她提出的比特幣法案來支持這種更廣泛的願景，主張將表現不佳的政府金證書轉換為比特幣，以大大擴展儲備金。

However, Lummis acknowledges significant legislative hurdles remain, citing a general lack of congressional understanding about bitcoin and competing priorities such as stablecoin and market structure regulations.

但是，盧米斯承認仍然存在重大立法障礙，理由是對比特幣和競爭優先事項（例如Stablecoin和Market Struction Archustripers）缺乏國會的理解。

Market Movements:

市場變動：

Elsewhere in Crypto...

在加密貨幣的其他地方...

output: Ethereum rose 3.7% in the early hours of Thursday, breaking decisively above its previous resistance level of around $2,500 following a prolonged period of consolidation, according to CoinDesk Research's AI-assisted technical analysis model. The rally is being supported by strong trading volume and signals significant institutional confidence, with $248 million in net inflows reported last week for spot Ethereum ETFs, notably led by BlackRock's iShares Ethereum Trust.

輸出：根據Coindesk Research的AI-Assisced技術分析模型，在周四凌晨，以太坊上漲了3.7％，在長時間合併之後，果斷地超過了其先前的抵抗水平約為2500美元。強勁的交易量和信號的機構信心支持了這次集會，上週報導了現貨以太坊ETF的2.48億美元的淨流入，特別是由貝萊德的Ishares Ethereerum Trust領導。

DeFi activity is

Defi活動是