等離子體，資本，競爭：加密和比特幣國庫策略的新時代

等離子體的快速上升挑戰了Tron，而Capital B比特幣國庫策略展示了一種新型的公司財務方法。比賽升溫了！

Hold onto your hats, folks! The crypto world is spinning faster than a Shiba Inu chasing a laser pointer. 'Plasma, Capital, Compete' are the names of the game, and things are getting spicy!

抓住你的帽子，伙計們！加密世界的旋轉速度比志uinu追逐激光指針的速度更快。 “等離子體，資本，競爭”是遊戲的名稱，事情越來越辣！

Plasma's Meteoric Rise: A TRON Challenger?

等離子體的隕石崛起：Tron挑戰者？

Plasma, the new Tether-backed stablecoin ecosystem, is making waves faster than a speedboat on a sugar rush. In its first week, it zoomed past Arbitrum and Base in total value locked (TVL) and is nipping at TRON’s heels. We're talking serious liquidity, folks. According to DeFiLlama, Plasma boasts $5.6B, though Plasma claims over $7B. Either way, it's a boatload of cash!

血漿是新型的綁帶式穩定的生態系統，它比糖衝刺上的快艇更快地造成波浪。在其第一周，它縮放了索賠，總價值鎖定（TVL），並在Tron的高跟鞋上咬了。伙計們，我們正在談論嚴重的流動性。根據Defillama的說法，血漿擁有5.6B美元，儘管血漿聲稱超過$ 7B。無論哪種方式，這都是現金船！

Why the Hype? Zero Fees and USDT

為什麼炒作？零費用和USDT

What’s driving this rocket ship? Zero-fee transactions and a native version of USDT. Who doesn't love free stuff? The USD Vault initially pulled in $212M, largely from a wallet linked to Bitfinex. Now it holds $44M, but other vaults have stacked up to $3B in liquidity. Aave is the leading app, with Plasma Savings Vaults close behind.

是什麼駕駛這艘火箭船？零費用交易和USDT的本地版本。誰不喜歡免費的東西？美元的金庫最初賺了2.12億美元，主要是從鏈接到Bitfinex的錢包中賺取的。現在，它持有4400萬美元，但其他保險庫的流動性最高可達3B美元。 AAVE是領先的應用程序，等離子節省金庫在後面。

XPL Token: Riding the Wave

xpl token：騎波浪

The native token, XPL, is mirroring Plasma’s expansion, albeit with some rollercoaster action. After peaking at $1.67, it dipped to $1.33. Trading volume is hot on Binance, OKX, and Hyperliquid. Whales on Hyperliquid are bullish, with 56% holding long positions, including a leveraged $6.6M long that's raking in unrealized gains. No unlocks till 2026 keeps the supply tight, fueling accumulation.

本地令牌XPL正在反映等離子體的擴展，儘管有些過山車動作。達到1.67美元的頂峰之後，下降到$ 1.33。交易量在binance，OKX和超流動液中很熱。超流動性的鯨魚是看漲的，有56％的人持有長位置，其中包括660萬美元的槓桿率，這是未實現的收益。直到2026年才解鎖才能使供應緊密，加油積聚。

Capital B: Bitcoin Treasury Titan

資本B：比特幣國庫泰坦

Meanwhile, across the pond, Capital B is playing a different game: gobbling up Bitcoin like it's going out of style. They just confirmed the purchase of 12 Bitcoin for €1.2 million, bringing their total hoard to 2,812 BTC. And get this: a year-to-date Bitcoin yield of 1,656.1%! They're Europe’s first dedicated Bitcoin Treasury Company, and they're not messing around.

同時，在整個池塘中，Capital B正在玩不同的遊戲：吞噬比特幣，就像它過時的時尚一樣。他們剛剛以120萬歐元的價格確認購買了12個比特幣，使他們的總ho積到2,812 BTC。並得到這個：年初至比特幣產量為1,656.1％！他們是歐洲第一家專門的比特幣國庫公司，而且他們不會亂七八糟。

Capital Raises and Bitcoin Buys

籌集資本和比特幣購買

Capital B is funding its Bitcoin binge through capital increases, finalized at €1.70 per share. They’re using these funds to aggressively expand their Bitcoin position. Just a week prior, they snagged 551 BTC for €54.7 million. They’re all about growing Bitcoin holdings per fully diluted share, making BTC the cornerstone of their long-term value.

Capital B通過資本增加為其比特幣狂歡提供了資金，最終以每股1.70歐元的價格完成。他們使用這些資金積極擴大其比特幣位置。就在一周前，他們以5470萬歐元的價格搶購了551 BTC。他們全都是在每股全部稀釋的份額中增加比特幣持有量，使BTC成為其長期價值的基石。

Market Implications: Corporate Bitcoin Adoption

市場影響：公司比特幣採用

Capital B’s moves reflect a growing trend of corporate Bitcoin adoption in Europe. Their focus on scaling Bitcoin per share could attract investors seeking direct BTC exposure. Their ability to raise capital shows institutional support for their strategy. Could this be the future of corporate finance?

Capital B的舉動反映了歐洲企業比特幣採用的趨勢的增長。他們專注於每股擴展比特幣的關注，可能會吸引尋求直接BTC風險的投資者。他們籌集資本的能力表現出對其戰略的機構支持。這可能是公司融資的未來嗎？

The Competition Heats Up

比賽升溫

Plasma's gunning for TRON's stablecoin crown, while Capital B's pioneering Bitcoin treasury strategy is turning heads in Europe. Both are disruptive forces, and the competition is only going to get fiercer.

等離子體為Tron的Stablecoin Crown的槍擊，而Capital B的開拓性比特幣國庫策略正在歐洲轉向歐洲。兩者都是破壞力的力量，競爭只會變得更加激烈。

My Two Satoshis

我的兩個satoshis

Plasma's zero-fee model is a stroke of genius, potentially attracting a massive user base tired of high transaction costs. However, can they maintain this model sustainably? As for Capital B, their bold Bitcoin treasury strategy is risky but could pay off big time if Bitcoin continues its upward trajectory. It's a high-stakes game, but that's what makes it exciting!

等離子體的零功能模型是天才的中風，有可能吸引大量的用戶基礎，厭倦了高交易成本。但是，他們可以可持續地維護這個模型嗎？至於Capital B，他們大膽的比特幣國庫策略是有風險的，但如果比特幣繼續向上軌跡，可能會付出很大的時間。這是一款高風險的遊戲，但這就是令人興奮的原因！

What will happen next? Only time will tell, but one thing is certain: the world of 'Plasma, Capital, Compete' is going to be a wild ride. Buckle up, buttercups!

接下來會發生什麼？只有時間可以證明，但是有一件事是可以肯定的：“等離子體，資本，競爭”的世界將是一次瘋狂的旅程。係好，毛cup！