比特币稳定在94,000美元以上，而以太坊努力维持$ 1,800

加密市场表现出不同的趋势，比特币交易超过94,000美元，而以太坊的抵抗力为1,800美元。尽管有记录

The cryptocurrency market displayed mixed signals on Friday morning, with Bitcoin continuing its march above $94,000 despite signs of weakness in Ethereum.

加密货币市场在周五上午表现出混杂的信号，尽管以太坊迹象表明，但比特币仍以94,000美元的速度延续了94,000美元。

As the dust settles on a record inflow into Bitcoin ETFs, new data reveals that U.S.-listed spot Bitcoin ETFs saw massive inflows of $171 million over the past week. In stark contrast, Ethereum ETFs experienced outflows of $4 million during the same period.

随着尘埃落定为比特币ETF的创纪录的流入，新的数据表明，在过去一周中，美国上市的比特币ETF的大量流入为1.71亿美元。与之形成鲜明对比的是，以太坊ETF在同一时期经历了400万美元的流出。

This divergence in institutional interest might be linked to the macroeconomic environment. With uncertainty looming large, and President Donald Trump's decision to halt further reciprocal tariffs and revert to a 10% baseline for most countries (except China), investors appear to be seeking a hedge against inflation and economic instability.

机构利益的这种差异可能与宏观经济环境有关。随着不确定性迫在眉睫，总统唐纳德·特朗普（Donald Trump）决定停止进一步的相互关税并恢复到大多数国家（中国除外）的基准10％，投资者似乎正在寻求对冲通货膨胀和经济不稳定的对冲。

In response to a question about Trump's actions, economist Saifedean Ammous, author of ‘The Bitcoin Standard,’ stated that it was most likely due to rising bond yields, adding that "Trump fought the bond market and the bond market won." He further highlighted Bitcoin's unique economic properties in a world characterized by uncertainty.

在回答有关特朗普行动的问题时，《比特币标准》的作者塞菲德·普及（Saifedean Ammous）指出，这很可能是由于债券收益率上升所致，并补充说：“特朗普与债券市场和债券市场赢得了胜利”。他进一步强调了比特币在一个以不确定性为特征的世界中的独特经济特性。

Highlighting the same, a new report by Unchained Capital pointed out that, in the history of the U.S. bond market, there has never been a sustained period of negative real yields for as long as the past two years.

强调了这一点，Unchained Capital的一份新报告指出，在美国债券市场的历史上，过去两年中，从来没有持续的负面收益率。

"The implication is that bond investors are being forced to accept a return on their capital that is lower than the rate at which prices are rising in the market. In other words, bond investors are guaranteed to lose money in real terms if they hold bonds for any length of time," the report said.

报告说：“这意味着债券投资者被迫接受其资本回报，该回报低于市场价格上涨的利率。换句话说，如果债券投资者在任何时间长度上持有债券，则保证债券投资者将实际损失钱。”

However, in a surprising move, the Chicago Mercantile Exchange (CME) Group announced its intention to introduce XRP futures contracts on May 19, offering investors the option of micro-sized contracts of 2,500 XRP or standard contracts of 50,000 XRP.

但是，令人惊讶的是，芝加哥商人交易所（CME）集团宣布打算在5月19日介绍XRP期货合约，为投资者提供2,500 XRP的微型合同或50,000 XRP的标准合同。

Each contract will be cash-settled, marking a significant step towards broader institutional adoption of cryptocurrency. The introduction of XRP futures follows the CME’s launch of Bitcoin futures in 2017 and Ethereum futures in February 2022.

每份合同将是现金选择的，这标志着朝着更广泛的机构采用加密货币迈出的重要一步。 CME在2017年推出比特币期货和2022年2月的以太坊期货之后，引入了XRP期货。

Meanwhile, Strike creator Jack Mallers has launched Twenty One Capital, a new Bitcoin treasury firm designed to be a "superior vehicle for investors seeking capital-efficient Bitcoin exposure," an initiative that stands in contrast to Michael Saylor's Strategy.

同时，Strike Creator Jack Mallers已推出了Twes Ane Capital，这是一家新的比特币国库公司，旨在成为“寻求资本有效比特币风险投资的投资者的优势车辆”，这是一项与Michael Saylor策略相反的计划。

With major funding from Tether, SoftBank, and Bitfinex, the venture is set to begin with 42,000 Bitcoin (valued at approximately $3.9 billion).

借助Tether，Softbank和Bitfinex的大量资金，该合资企业将以42,000比特币（价值约为39亿美元）开始。

The firm’s public stock will be built by Bitcoiners, for Bitcoiners, and it will be a logical and useful investment for any person or institution that wishes to have direct and capital-efficient exposure to Bitcoin.

该公司的公共股票将由比特币，为比特币机构建造，对于希望有直接和资本效率暴露于比特币的任何人或机构来说，这将是一项合乎逻辑且有用的投资。

Bitcoin Price Analysis: BTC Above $94K As Institutional Interest Surges

比特币价格分析：BTC高于$ 94K，随着机构利益的激增

As the dust settles on a record inflow into Bitcoin ETFs, new data from ETC revealed that U.S.-listed spot Bitcoin ETFs saw massive inflows of $171 million over the past week. In stark contrast, Ethereum ETFs experienced outflows of $4 million during the same period.

随着尘埃落定为比特币ETF的创纪录的流入，来自ETC的新数据表明，在过去一周中，美国上市的比特币ETF的大量流入量为1.71亿美元。与之形成鲜明对比的是，以太坊ETF在同一时期经历了400万美元的流出。

This divergence in institutional interest might be linked to the macroeconomic environment. With uncertainty looming large, and President Donald Trump's decision to halt further reciprocal tariffs and revert to a 10% baseline for most countries (except China), investors appear to be seeking a hedge against inflation and economic instability.

机构利益的这种差异可能与宏观经济环境有关。随着不确定性迫在眉睫，总统唐纳德·特朗普（Donald Trump）决定停止进一步的相互关税并恢复到大多数国家（中国除外）的基准10％，投资者似乎正在寻求对冲通货膨胀和经济不稳定的对冲。

In response to a question about Trump's actions, economist Saifedean Ammous, author of ‘The Bitcoin Standard,’ stated that it was most likely due to rising bond yields, adding that "Trump fought the bond market and the bond market won." He further highlighted Bitcoin's unique economic properties in a world characterized by uncertainty.

在回答有关特朗普行动的问题时，《比特币标准》的作者塞菲德·普及（Saifedean Ammous）指出，这很可能是由于债券收益率上升所致，并补充说：“特朗普与债券市场和债券市场赢得了胜利”。他进一步强调了比特币在一个以不确定性为特征的世界中的独特经济特性。

Highlighting the same, a new report by Unchained Capital pointed out that, in the history of the U.S. bond market, there has never been a sustained period of negative real yields for as long as the past two years.

强调了这一点，Unchained Capital的一份新报告指出，在美国债券市场的历史上，过去两年中，从来没有持续的负面收益率。

"The implication is that bond investors are being forced to accept a return on their capital that is lower than the rate at which prices are rising in the market. In other words, bond investors are guaranteed to lose money in real terms if they hold bonds for any length of time," the report said.

报告说：“这意味着债券投资者被迫接受其资本回报，该回报低于市场价格上涨的利率。换句话说，如果债券投资者在任何时间长度上持有债券，则保证债券投资者将实际损失钱。”

However, in a surprising move, the Chicago Mercantile Exchange (CME) Group announced its intention to introduce XRP futures contracts on May 19, offering investors the option of micro-sized contracts of 2,500 XRP or standard contracts of 50,000 XRP.

但是，令人惊讶的是，芝加哥商人交易所（CME）集团宣布打算在5月19日介绍XRP期货合约，为投资者提供2,500 XRP的微型合同或50,000 XRP的标准合同。

Each contract will be cash-settled, marking a significant step towards broader institutional adoption of cryptocurrency. The introduction of XRP futures follows the CME’s launch of Bitcoin futures in 2017 and Ethereum futures in February 2022.

每份合同将是现金选择的，这标志着朝着更广泛的机构采用加密货币迈出的重要一步。 CME在2017年推出比特币期货和2022年2月的以太坊期货之后，引入了XRP期货。

The move comes as crypto interest is heating up once again, with several new

此举是因为加密货币兴趣再次加热，还有几个新的