加密资产，财政公司和资产管理：纽约的观点

探索加密资产，国库公司和资产管理的交集。公司如何管理数字资产和加密货币不断发展的景观。

Crypto Assets, Treasury Companies, and Asset Management: A New York Perspective

加密资产，财政公司和资产管理：纽约的观点

The world of crypto is buzzing, and treasury companies are increasingly diving into digital assets. Let's break down what's happening in the realm of crypto assets, treasury companies, and asset management, straight from a New York state of mind. It's all about navigating this wild west of finance with a bit of savvy and a whole lot of foresight.

加密货币世界正在嗡嗡作响，国库公司越来越多地进入数字资产。让我们直接从纽约的心态直接分解加密资产，财政公司和资产管理领域中正在发生的事情。这全都是要以一些精明和大量的远见道来浏览这一野外的金融西部。

The Rise of Digital Asset Treasuries (DATs)

数字资产国库的兴起（DATS）

Digital Asset Treasuries (DATs) are becoming the new kids on the block. Guy Young, founder of Ethena Labs, and Rob Hadick from Dragonfly, recently discussed this emerging trend. The big question? Are public equity markets ready for altcoin-native treasuries? StablecoinX, within the Ethena ecosystem, is merging with a SPAC to go public on Nasdaq under the ticker “USDE,” backed by serious investors. This move is a litmus test for the appetite for crypto-heavy balance sheets.

数字资产国库（DATS）正在成为街上的新孩子。 Ethena Labs的创始人Guy Young和Dragonfly的Rob Hadick最近讨论了这一新兴趋势。大问题？公共股票市场是否准备好供替代币本地国库进行？ Ethena生态系统内的Stablecoinx正在与一个由认真投资者支持的股票“ USDE”下的SPAC合并在纳斯达克公开场合。此举是对加密货币平衡表食欲的一场试金石测试。

Novogratz Weighs In: Peak Treasury Company Issuance?

Novogratz的权重：最高财政部公司发行？

Michael Novogratz, CEO of Galaxy Digital, thinks we might have hit peak treasury company issuance. According to Novogratz, the focus is shifting to existing players becoming industry giants. Strategy (formerly MicroStrategy) is leading the charge, raising capital to buy more digital tokens. Firms like BitMine Immersion and SharpLink Gaming are following suit, amassing significant Ethereum holdings. Novogratz believes these treasury companies are broadening crypto’s appeal, but newer firms might struggle for attention in this crowded space.

Galaxy Digital的首席执行官Michael Novogratz认为，我们可能已经达到了峰值财政公司的发行。根据Novogratz的说法，重点是转移到现有球员成为行业巨头的转变。策略（以前是MicroStrategy）正在领导这项指控，筹集了资金购买更多的数字代币。像Bitmine Immersion和Sharplink游戏这样的公司都效仿，积累了大量的以太坊持有量。 Novogratz认为，这些财政公司正在扩大加密货币的吸引力，但新公司可能在这个拥挤的空间中努力关注。

Coinbase's DEX Revolution

Coinbase的Dex革命

Coinbase is shaking things up with its move into decentralized exchange (DEX) trading. This new feature lets users swap Base network tokens in real-time, cutting through the red tape of traditional listing procedures. By blending centralized reliability with DeFi's vastness, Coinbase is making crypto more accessible. They're also teaming up with aggregators like Uniswap and Aerodrome to offer competitive pricing.

Coinbase逐渐进入分散交易（DEX）交易，正在摇动一切。此新功能使用户可以实时交换基本网络令牌，从而介绍了传统上市过程的繁文tape节。通过将集中的可靠性与Defi的广阔度相结合，Coinbase使加密货币更容易访问。他们还与Uniswap和Aerodrome等聚合器合作，提供有竞争力的价格。

LYNO: A Crypto Asset to Watch?

Lyno：值得关注的加密资产？

LYNO is making waves with its AI-driven cross-chain arbitrage protocol. This project aims to leverage AI and blockchain interoperability to capitalize on price differences between EVM-based networks. With a fixed supply of 500 million tokens, LYNO offers staking rewards and governance rights to its holders. Currently in presale, LYNO is focused on security and ecosystem development, positioning itself as a promising player in the DeFi market.

Lyno正在使用其AI驱动的跨链套利协议进行波浪。该项目旨在利用AI和区块链互操作性来利用基于EVM的网络之间的价格差异。林诺（Lyno）固定供应5亿个代币，为其持有人提供了积分的奖励和治理权利。目前在Presale中，Lyno专注于安全和生态系统的开发，将自己定位为Defi市场中有前途的球员。

Navigating the Regulatory Maze

导航监管迷宫

DEX trading introduces regulatory complexities. Using centralized platforms to interact with decentralized token pools blurs jurisdictional lines. Traders and startups need to balance the operational ease of platforms like Coinbase with the evolving regulatory environment. As Novogratz noted, tokenization faces unresolved questions about liquidity and regulation, highlighting the need for clear guidelines.

DEX交易引入了法规复杂性。使用集中式平台与分散的代币池进行交互，模糊了管辖线。交易者和初创公司需要平衡Coinbase等平台的运营便捷性与不断发展的监管环境。正如Novogratz指出的那样，令牌化面临有关流动性和监管的未解决的问题，强调了需要明确的准则。

Final Thoughts: The Future is Bright (and a Little Wild)

最终想法：未来是光明的（有点疯狂）

So, what's the takeaway? Crypto assets are becoming mainstream, thanks to innovative treasury companies and platforms like Coinbase. While regulatory challenges persist, the integration of AI, DeFi, and traditional finance is creating exciting opportunities. Keep your eyes peeled, do your homework, and remember, in the world of crypto, a little New York hustle can go a long way. Just try not to get too caught up in the hype, alright?

那么，收获是什么？得益于创新的财政公司和Coinbase等平台，加密资产正成为主流。尽管监管挑战持续存在，但AI，DEFI和传统财务的整合正在创造令人兴奋的机会。保持眼睛剥皮，做功课，并记住，在加密货币世界中，纽约的小喧嚣可以走很长一段路。只是尽量不要太炒作，好吗？