“回购浪潮”席卷了加密货币行业

“回购浪潮”席卷了加密货币行业，其中15个项目包括AAVE，仲裁和运动宣布令牌回购计划

A "buyback wave" is rolling through the crypto industry, with 15 projects, including Aave, Arbitrum, and Movement, announcing token buyback plans, ranging in size from millions to tens of millions of dollars.

“回购浪潮”正在加密货币行业，其中包括15个项目，包括AAVE，仲裁和移动，宣布令牌回购计划，规模从数百万到数千万美元不等。

As reported by Wu Blockchain, the sources of buyback funds vary by project. For example, Aave plans to use a portion of protocol income to buy back A tokens, while Arbitrum intends to confiscate IRON tokens from the exploiter and use the funds for buybacks. An industry fund is also planning to spend tens of millions of dollars to buy back and burn tokens for several projects, including AAX, Anyswap, and Blocklink.

正如Wu区块链报道的那样，回购资金的来源因项目而异。例如，AAVE计划使用部分协议收入来回购代币，而仲裁则打算从剥削者那里没收铁令牌，并使用这些资金进行回购。一个行业基金还计划花费数千万美元来回购和燃烧代币，用于包括AAX，Anyswap和Blocklink在内的多个项目。

This move not only serves as a stopgap measure to save the market in the short term but is also an important strategic layout for projects to reshape the token economy and give long-term value.

此举不仅是在短期内拯救市场的一项定格措施，而且还是重塑代币经济并具有长期价值的项目的重要战略布局。

In other news, Immutable has received a notice of termination of the SEC investigation, bringing a clear signal of regulation to the Web3 gaming industry. The SEC's investigation into Immutable and related parties began in March 2023, focusing on whether Immutable's activities violated U.S. securities law.

在其他新闻中，不变的已收到了SEC调查的终止通知，这向Web3游戏行业带来了明确的监管信号。美国证券交易委员会（SEC）对不变的和关联方的调查始于2023年3月，重点是不变的活动是否违反了美国证券法。

At the same time, the U.S. SEC cryptocurrency working group will hold four new roundtable meetings from April to June 2025 to discuss key topics such as crypto trading, custody, asset tokenization and DeFi.

同时，美国SEC加密货币工作组将在2025年4月至6月举行四次新的圆桌会议会议，讨论关键主题，例如加密货币交易，托管，资产令牌化和DEFI。

As for Bitcoin, its price movements continue to show a trend that is highly correlated with the U.S. stock market, with volatility remaining several times higher than that of U.S. stocks.

至于比特币，其价格变动继续显示出与美国股票市场高度相关的趋势，波动率的波动率仍然是美国股票的几倍。

Investors on both sides are focusing on the Fed's expectations of rate cuts. Analyst Daan Crypto Trades pointed out that Bitcoin is still trading at a solid premium, and if it can maintain this level and slowly recover to more than $90,000, it is expected to create a new high.

双方的投资者都将重点放在美联储对降低利率的期望上。分析师Daan Crypto Trades指出，比特币仍处于可靠的溢价上，如果它可以维持此水平并慢慢恢复至90,000美元以上，则预计将创造一个新的高位。

The Greeks.live community briefing shows that the market is divided on the trend of cryptocurrencies. Some investors believe that it is suitable to buy on dips, while short sellers expect Bitcoin to fall to the $84,500 range.

希腊语社区简报表明，市场划分了加密货币的趋势。一些投资者认为，可以在跌幅上购买，而卖空者预计比特币将跌至84,500美元。

In the regulatory field, the SEC announced that it will hold four roundtable meetings from April to June 2025, covering key topics such as crypto trading, custody, asset tokenization and DeFi. Commissioner Hester Peirce called this move a "spring sprint to crypto clarity," showing that regulators are shifting from an enforcement orientation to a constructive dialogue.

在监管领域，SEC宣布将于2025年4月至6月举行四次圆桌会议，涵盖了诸如加密货币交易，托管，资产令牌和DEFI等关键主题。专员海斯特·皮尔斯（Hester Peirce）称这一举动为“春季冲刺到加密透明度”，表明监管机构正在从执行方向转变为建设性对话。

It is worth noting that traditional financial institutions are increasingly accepting Bitcoin, and the GameStop board of directors has unanimously approved an update to its investment policy to include Bitcoin as one of the company's reserve assets. At the same time, the Oklahoma House of Representatives passed the Strategic Bitcoin Reserve Act, further demonstrating the recognition of Bitcoin by institutions and governments.

值得注意的是，传统的金融机构越来越接受比特币，GameStop董事会一致批准了其投资政策的更新，以将比特币作为公司的储备资产之一。同时，俄克拉荷马州众议院通过了《战略比特币储备法》，进一步证明了机构和政府对比特币的认可。

In addition, Ripple reached a preliminary settlement agreement with the SEC, and the SEC agreed to refund a $75 million fine, marking the end of the long-term legal dispute between the two parties.

此外，Ripple与SEC达成了初步和解协议，SEC同意退还7500万美元的罚款，这标志着双方之间的长期法律纠纷的结束。

At the macro level, the market generally expects the Fed to shift from quantitative tightening (QT) to quantitative easing (QE), which may inject new liquidity into the financial market. However, Benjamin Cowen, CEO of crypto research firm IntoTheCryptoVerse, reminded that quantitative tightening has not completely ended, but has only reduced its scale from $60 billion per month to $40 billion.

在宏观水平上，市场通常希望美联储从定量收紧（QT）转变为定量宽松（QE），这可能会将新的流动性注入金融市场。但是，加密研究公司IntotheCryptoverse的首席执行官本杰明·科恩（Benjamin Cowen）提醒人们，定量收紧尚未完全结束，但仅将其规模从每月600亿美元降低到400亿美元。

Furthermore, Goldman Sachs' latest report warned that Trump's upcoming reciprocal tariff policy may cause the market to experience "first collapse and then stability" and violent fluctuations, and the actual tax rate may be twice as high as market expectations.

此外，高盛（Goldman Sachs）的最新报告警告说，特朗普即将到来的相互关税政策可能会导致市场经历“首次崩溃，然后稳定”和暴力波动，实际税率可能是市场预期的两倍。

Key Data (as of 13:30 HKT on March 26)

关键数据（截至3月26日13:30 HKT）

Bitcoin: $87,346.87 (-6.65% year-to-date), daily spot volume $28.634 billion

比特币：$ 87,346.87（-6.65％至今），每日现货量286.34亿美元

Ethereum: $2,055.65 (-38.48% year-to-date), with a daily spot volume of $11.309 billion

以太坊：$ 2,055.65（-38.48％至今），每日现货量为113.30亿美元

Fear of corruption index: 47 (neutral)

恐惧腐败指数：47（中立）

Average GAS: BTC 1.4 sat/vB, ETH 0.36 Gwei

平均气体：BTC 1.4 SAT/VB，ETH 0.36 GWEI

Market share: BTC 60.7%, ETH 8.7%

市场份额：BTC 60.7％，ETH 8.7％

Upbit 24-hour trading volume ranking: MOVE, XRP, LAYER, BTC, CRO

UPBIT 24小时交易量排名：Move，XRP，Layer，BTC，CRO

24-hour BTC long-short ratio: 1.0496

24小时BTC长短比：1.0496

Sector ups and downs: Meme sector rose 4.74%, Layer2 sector rose 4.62%

行业起伏：模因行业上涨4.74％，第2层行业上涨了4.62％

24-hour liquidation data: A total of 78,970 people

24小时清算数据：共有78,970人