加密，冒险，每周：以太坊ETFS Suger，PI网络的关键时刻和风险资本洞察力

每周一次的加密风险新闻综述，重点关注以太坊ETF流，PI Network即将发布的公告以及对市场的关键VC观点。

The crypto world never sleeps, and neither does the flow of venture capital. This week's 'Crypto, Venture, Weekly' dives into Ethereum ETF activity, Pi Network's crucial appearance, and what VCs are saying. Let's break it down.

加密世界永远不会睡觉，风险投资的流也不是。本周的“加密，冒险，每周”进入以太坊ETF活动，PI Network的关键外观以及VC所说的话。让我们分解。

Ethereum ETFs See Strong Inflows

以太坊ETF看到强大的流入

While Bitcoin ETFs experienced mixed movements, Ethereum ETFs are showing strong inflows. Data from Lookonchain indicates that despite some daily outflows, weekly accumulation of ETH far outpaced BTC. iShares Ethereum Trust (ETHA) led the charge, signaling consistent institutional allocation towards Ethereum. Is this the start of an 'ETH season'? Time will tell, but the numbers are definitely talking.

尽管比特币ETF经历了混杂的运动，但以太坊ETF表现出强烈的流入。来自Lookonchain的数据表明，尽管每天流出一些，但ETH远远超过BTC的每周积累。 Ishares以太坊信托（ETHA）领导了指控，表明对以太坊的制度分配一致。这是“ ETH季节”的开始吗？时间会说明，但是数字肯定在说话。

Pi Network's TOKEN2049 Moment

PI Network的Token2049时刻

Pi Network is gearing up for a pivotal moment at TOKEN2049 in Singapore. With a massive community behind it, the project is under pressure to deliver a clear roadmap, updates on its Pi App Studio, and transparency regarding the $100 million Pi Ventures Fund. Founder Chengdiao Fan's keynote is highly anticipated, and the community is hoping for concrete progress rather than just promises. Will Pi Network rise to the occasion, or will TOKEN2049 be another letdown?

PI Network正在新加坡的Token2049努力工作。由于背后有一个大型社区，该项目承受着清晰的路线图，其PI App Studio的更新以及有关1亿美元Pi Ventures Fund的透明度的压力。创始人Chengdiao Fan的主题演讲备受期待，社区希望取得具体的进步，而不仅仅是承诺。 PI网络会升起，还是将Token2049成为另一个失望？

Venture Capital Insights: A Quick Recap

风险资本见解：快速回顾

This week's venture activity saw 24 projects raise $176 million, with Brale and Finary leading the pack. Digital asset treasury activity is accelerating, with companies accumulating tokens at scale. MoonPay's acquisition of Meso, Keyrock's acquisition of Turing Capital, and LimeWire's purchase of Fyre Festival rights highlight interesting M&A trends.

本周的风险活动使24个项目筹集了1.76亿美元，大号和最终产品领先。数字资产国库活动正在加速，公司的代币会大规模积累。 Moonpay收购Meso，Keyrock对图灵资本的收购以及Limewire购买Fyre Festival权利的收购突出了有趣的并购趋势。

VCs are also weighing in. Andrew Kang envisions mass adoption of affordable humanoid robots. Ryan Adams believes U.S. legalization could unlock a decade of DeFi innovation. Santiago R Santos frames crypto as battle-tested infrastructure for institutions.

VC也在称重。安德鲁·康（Andrew Kang）设想大规模采用负担得起的人形机器人。瑞安·亚当斯（Ryan Adams）认为，美国合法化可以释放十年的Defi创新。圣地亚哥·桑托斯（Santiago R Santos）将加密货币作为机构的战斗测试基础设施。

Final Thoughts

最后的想法

From Ethereum's ETF surge to Pi Network's make-or-break moment, and the ever-evolving landscape of crypto venture capital, there's never a dull moment in the world of digital assets. It feels like someone is always building something new, or dusting off something old. Until next week, stay curious and keep exploring!

从以太坊的ETF激增到Pi Network的成败时刻，以及不断发展的加密风险投资的景观，在数字资产的世界中，从来都不是一个沉闷的时刻。感觉就像有人总是在建造新的东西，或者撒掉旧的东西。直到下周，请保持好奇并继续探索！