比特币，中国和美国：不断变化的景观

分析比特币，中国和美国的相互作用，重点是制造业转变，战略收购以及塑造加密货币空间的监管障碍。

The dynamic relationship between Bitcoin, China, and America continues to evolve, marked by manufacturing realignments, strategic financial moves, and ongoing regulatory scrutiny. This article dives into recent developments, highlighting key trends and insights shaping this intricate landscape.

比特币，中国和美国之间的动态关系不断发展，以制造重新调整，战略财务转移和持续的监管审查为特征。本文深入研究了最近的发展，强调了关键趋势和见解，塑造了这一复杂的景观。

Chinese Bitcoin Mining Giants Set Up Shop in the US

中国比特币采矿巨头在美国开设了商店

In a significant move, three of China's largest Bitcoin mining hardware manufacturers—Bitmain, Canaan, and MicroBT—have established operations in the United States. This strategic shift aims to circumvent hefty import tariffs imposed during the Trump administration, potentially reshaping the backbone of Bitcoin mining. The move started with Bitmain in December after Trump's election, followed by Canaan and MicroBT, all seeking to avoid a 25% levy on their ASIC machines.

一项重大的举动，中国最大的比特币矿业硬件制造商（Bitmain，Canaan和Microbt）已经在美国建立了运营。这一战略转变旨在规避特朗普政府期间对进口税的高额进口关税，并有可能重塑比特币采矿的骨干。此举始于特朗普当选后12月的比特曼，其次是迦南和迈克特，所有这些都试图避免对其ASIC机器征收25％的征税。

These companies collectively control over 90% of the world's mining rigs, a level of consolidation rarely seen in the tech industry. While US miners handle almost 40% of global Bitcoin mining, they heavily rely on Chinese-engineered hardware, raising concerns about a “digital dependency trap.” Some critics worry about potential backdoors or compromised firmware in Chinese-built machines, even those assembled in the US.

这些公司共同控制着全球90％以上的采矿钻机，这在技术行业很少见。尽管美国矿工处理了几乎40％的全球比特币开采，但他们在很大程度上依赖中文设计的硬件，这引起了人们对“数字依赖陷阱”的担忧。一些批评家担心在中国制造的机器中，即使是在美国组装的机器，也可能会在中国建造的机器上进行固定。

While some US start-ups are attempting to design ASIC chips domestically, overcoming the established expertise and fabrication capabilities of Chinese firms remains a significant challenge.

尽管一些美国初创公司试图在国内设计ASIC筹码，但克服中国公司既定的专业知识和制造能力仍然是一个重大挑战。

The Smarter Web Company's Bitcoin Bet

智能网络公司的比特币下注

On a different note, The Smarter Web Company, a London-listed technology firm, has been steadily increasing its Bitcoin reserves, signaling a deep commitment to its long-term crypto strategy. As of June 19, 2025, the company holds over 346 BTC, valued at over £27.2 million. This is part of their “10 Year Plan,” integrating Bitcoin into their corporate and financial structure. This involved accepting Bitcoin as payment and allocating treasury funds into Bitcoin over the long term.

另一方面，伦敦上市的技术公司Smarter Web公司一直在稳步增加其比特币储备，这表明对其长期加密战略的坚定承诺。截至2025年6月19日，该公司持有346多个BTC，价值超过2720万英镑。这是他们“ 10年计划”的一部分，它将比特币整合到公司和财务结构中。从长远来看，这涉及接受比特币作为付款和将国库资金分配给比特币。

This move shows how companies are integrating Bitcoin into their financial operations, treating it as a core part of their financial backbone. The firm views Bitcoin as central to future financial systems and plans to continue integrating it into business operations.

此举表明，公司如何将比特币整合到其财务运营中，将其视为其财务骨干的核心部分。该公司认为比特币是未来金融系统的核心，并计划继续将其纳入业务运营。

Regulatory Hurdles and ETF Developments

监管障碍和ETF发展

While Canada has seen the launch of XRP exchange-traded funds (ETFs), the prospect of a U.S.-based XRP ETF remains uncertain. The SEC continues to review applications amid Ripple's ongoing legal battle, with a status update expected in August 2025. Despite the regulatory hurdles, the increasing institutional interest in crypto ETFs highlights the demand for regulated and transparent platforms to access digital assets.

尽管加拿大已经启动了XRP交易所贸易资金（ETF），但美国XRP ETF的前景仍然不确定。 SEC继续在Ripple的持续法律斗争中审查申请，并预计将于2025年8月更新。尽管有监管障碍，但对Crypto ETF的机构兴趣越来越多，凸显了对访问数字资产的监管和透明平台的需求。

Final Thoughts

最后的想法

From Chinese mining giants navigating tariffs to companies embracing Bitcoin as a treasury asset and regulatory landscapes evolving, the story of Bitcoin, China, and America is ever-changing. It's a wild ride, but who knows what the future holds? One thing's for sure: it'll be an interesting one!

从中国矿业巨头涉足关税到将比特币作为国库资产和监管景观发展的公司，比特币，中国和美国的故事正在不断变化。这是一个疯狂的旅程，但是谁知道未来的情况？可以肯定的是：这将是一个有趣的事情！