比特币ETF Buzz vs. Defi代币梦：在加密中解码筹款

比特币ETF正在吸引头条新闻，但是像Mutuum Finance这样的Defi令牌正在悄悄地筹集数百万人。立即筹款活动背后的真实故事是什么？

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

比特币ETF Buzz vs. Defi代币梦：在加密中解码筹款

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.

华尔街对比特币ETF及其大量流入的全部炒作，但加密货币世界中还有另一个故事。尽管机构正在向ETF投入资金，但加密本地的投资者正在悄悄地将自己的主张纳入Defi项目。让我们深入了解比特币ETF，Defi令牌和筹款环境的情况。

Bitcoin ETFs: BlackRock Dominates, But Inflows Soften

比特币ETF：贝莱德占主导地位，但流入软化

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?

贝莱德（Blackrock）的iShares比特币信托基金（IBIT）正在粉碎它，6月17日赚了惊人的6.39亿美元，持有超过674,000的BTC。就像洋基队签署了另一个MVP。自伊比特（Ibit）推出以来，伊比特（Ibit）的票房超过500亿美元，使像富达（Fidelity）这样的竞争对手缩短了竞争对手。贝莱德现在控制着比特币ETF市场的54％，管理了700亿美元的资产。还不错，对吧？

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?

但这是收获：虽然贝莱德正在杀死它，但总体比特币ETF流入正在放缓。同一天，IBIT抢购了6.4亿美元，所有美国比特币ETF的净流入仅为2.16亿美元。富达和方舟投资实际上看到了流出。这种放缓可能是由于比特币在地缘政治紧张局势中的价格下跌。投资者很容易被吓到，您知道吗？

DeFi Tokens: A Grassroots Fundraising Revolution

Defi令牌：基层筹款革命

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.

远离ETF Frenzy，一个分散的运动正在形成。 Mutuum Finance（MUTM）是一种仍在其预售中的Defi协议，已经吸引了12100多名投资者，并筹集了超过1,070万美元。对于代币的价格仅为0.03美元，就像找到了一块真正味道不错的美元。 Mutuum Finance正在以分散的，透明的结构从头开始建立，将下一代Defi功能与可访问的入口点相结合。

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引入了双重贷款系统：对等合同（P2C）和点对点（P2P）。 P2C允许用户存入蓝筹资产并赚取动态利率，而P2P允许直接谈判条款，即使对于Doge和Shib等资产也是如此。另外，第2层集成使费用保持低，交易速度很高。所有存款均由非监测的智能合约管理，从而为用户提供了完全控制。他们甚至获得了Certik的审核，增加了另一层信任。

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

Ripple的筹款障碍：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.

由于法院禁令限制了机构XRP销售，Ripple面临着自己的筹款挑战。该禁令源于2023年的裁决，将波纹从出售XRP到机构投资者中，除非遵守证券法规。基本上，它们陷入了法律困境。

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已提出了解散这一限制的动议，但前SEC律师Marc Fagel认为该禁令削弱了Ripple吸引机构投资者的能力。没有救济，Ripple就无法在没有法律风险的情况下提供XRP，与其他公司相比，它们处于不利地位。这就像试图用一条腿绑在一起的比赛。

The Takeaway: Different Strokes for Different Folks

外卖：不同人的不同笔触

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.

那么，大局是什么？比特币ETF吸引了大量的机构资本，但是像Mutuum Finance这样的Defi令牌正在用基层支持来雕刻自己的利基市场。同时，Ripple浏览了一条复杂的法律景观，该景观影响了其筹款策略。

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.

看来，尽管机构投资者专注于诸如ETF之类的更具成熟，受监管的路线，但较小的加密本地投资者更愿意抓住机会，从而有可能获得高回报。 Ripple的情况强调了加密货币领域正在进行的监管不确定性，这可能会严重影响公司筹集资金的能力。

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

最终想法：押注未来，而不仅仅是炒作

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!

华尔街可能正在庆祝其ETF胜利，但精明的投资者已经在展望。这个问题不仅是现在的大笔钱，而且明天的最大回报将来自哪里。无论是比特币ETF，Defi令牌还是导航监管障碍，加密筹款环境都在不断发展。因此，请保持眼睛剥皮，进行研究，也许您会在其他人之前找到下一个大事。请记住，过去的性能并不能指示未来的结果，尤其是在加密货币中！这就像试图预测纽约的天气一样 - 祝你好运！