以太坊（ETH）飙升超过$ 2,500，打破了电阻水平

以太坊在亚洲早些时候飙升了2,00美元，增长了3.7％，果断地超过了其先前的抵抗水平约2500美元

Good Morning, Asia. Here’s what’s making news in the markets:

早上好，亚洲。这是市场上新闻的原因：

(Image: CC0 Public Domain)

（图片：CC0公共领域）

To coin a phrase, Bitcoin and luxury watches were both ‘hot' during the pandemic, as government stimulus and low interest rates created a perfect storm for speculative assets. Prices for both also moved closely in tandem, at least until mid-2023. However, over the past year, the two have taken distinctly different paths, with BTC surging 56.9% and luxury watches falling by 4%, according to Bitcoin price today and WatchCharts.com.

为了造成一句话，在大流行期间，比特币和豪华手表都“热”，因为政府刺激和低利率为投机资产带来了完美的风暴。至少直到2023年中，两者的价格也紧密地转移。但是，在过去的一年中，这两者的道路截然不同，BTC飙升了56.9％，豪华手表下降了4％，根据《今天的比特币》和《 WatchCharts.com》。

As recently as May 2023, the two assets were still closely correlated, with a correlation coefficient of 0.68, indicating a moderate positive correlation. However, by the start of 2024, the correlation had weakened significantly to 0.21, and by mid-January, it fell further to 0.08, signaling minimal correlation.

直到2023年5月，这两个资产仍然密切相关，相关系数为0.68，表明中等正相关。但是，到2024年初，相关性已显着削弱至0.21，到1月中旬，信号传达相关性最小。

OKX Global Chief Commercial Officer Lennix Lai attributes Bitcoin’s sustained upward trajectory to increased institutional adoption and maturation as a credible asset.

OKX全球首席商务官Lennix Lai将比特币的持续向上轨迹归因于机构采用和成熟作为可靠的资产。

“We've seen a shift in thinking, especially within institutions, recognizing Bitcoin as a valuable addition to their investment portfolios, leading to substantial increases in institutional capital flows into Bitcoin over the past year,” Lai noted.

莱说：“我们已经看到思维的转变，尤其是在机构内部，将比特币视为其投资组合的宝贵补充，从而导致了过去一年的机构资本流入比特币的大幅增长。”

In contrast, the secondary market for luxury watches has cooled considerably from its pandemic peak.

相比之下，豪华手表的二级市场从大流行高峰中大大冷却。

“The real collectors stayed in watches while speculators moved on, and bitcoin has matured to take its place in many investors’ portfolios,” Lai said. “Watches make great heirlooms, but I'll take Bitcoin any day as a generational asset. You can't lose it, scratch it during a move, or have it stolen, as long as you keep your seed phrase secure.”

莱说：“当投机者继续前进时，真正的收藏家留在手表中，比特币已经成长为许多投资者的投资组合。” “手表使传家宝做得很好，但是我每天都会将比特币作为世代的资产。只要您确保种子短语安全，您就不会在移动期间抓取它，在移动过程中刮擦它或被盗。”

Yet, in recent months, the luxury watch market has shown early signs of a modest recovery, posting a 0.3% gain over the last three months.

然而，近几个月来，豪华手表市场已经显示出适度恢复的早期迹象，在过去三个月中的增长率为0.3％。

Jake Plonskier, founder of Watches.io, attributes this rebound to external economic pressures rather than renewed crypto-driven speculation. He notes rising tariffs and surging gold prices as key catalysts.

Watches.io的创始人Jake Plonskier将这种反弹归因于外部经济压力，而不是更新以加密货币驱动的推测。他指出，关税上涨，并将黄金价格作为关键催化剂飙升。

“Gold and silver are decent proxies for the watch market,” Plonskier explained, highlighting Rolex’s January decision to raise MSRP by 14% for its gold models.

普朗斯基（Plonskier）解释说：“黄金和白银是守望市场的体面代理人，”强调了劳力士（Loyx）一月份的决定，其黄金模型将MSRP提高14％。

He added that crypto's lasting impact on luxury watches is primarily demographic: "Crypto wealth introduced a whole new market that can afford watches. Now men under 30 can afford Pateks and APs, which traditionally never would have been purchased by this type of clientele.”

他补充说，加密对豪华手表的持久影响主要是人口统计：“加密货币财富引入了一个全新的市场，可以负担得起手表。现在，30岁以下的男性可以负担得起帕特克斯和AP，而传统上，这种客户永远不会购买这种客户。”

Circle Prepares for IPO Filing

圈子准备IPO备案

Circle Internet Group, the issuer of stablecoin USDC, has filed for an initial public offering (IPO) on the New York Stock Exchange under the ticker "CRCL," aiming to sell 24 million class A shares priced between $24 and $26 each, according to a previous report by .

Stablecoin USDC的发行人Circle Internet Group已在股票“ CRCL”下向纽约证券交易所的首次公开募股（IPO）申请，旨在出售2400万级A级股票，每股价格在24至26美元之间。

The company itself will offer 9.6 million shares, potentially raising nearly $250 million, while selling stakeholders are providing an additional 14.4 million shares, possibly earning close to $375 million.

该公司本身将提供960万股股票，可能筹集近2.5亿美元，而出售利益相关者的股票则提供另外1440万股股票，可能收入接近3.75亿美元。

Cathie Wood’s ARK Investment has indicated interest in purchasing $150 million worth of shares during the IPO, which is being managed by joint lead active bookrunners J.P. Morgan, Citigroup, and Goldman Sachs.

Cathie Wood的ARK投资表示有兴趣在IPO期间购买价值1.5亿美元的股票，该股票由联合主管Active Bookrunners JP Morgan，Citigroup和Goldman Sachs管理。

The IPO filing follows previous unsuccessful attempts, including a failed SPAC deal in 2021 and brief consideration of a $5 billion sale to firms such as Coinbase or Ripple.

IPO申请遵循以前的未成功尝试，包括2021年的SPAC交易失败，并简要考虑了向Coinbase或Ripple等公司进行50亿美元的销售。

Marathon Digital CEO Says U.S. Government Should Mine BTC

马拉松数字首席执行官说，美国政府应该挖掘BTC

Marathon Digital CEO Fred Thiel has urged the U.S. government to start actively mining bitcoin to fulfill President Trump's directive for a strategic bitcoin reserve, suggesting excess hydroelectricity could support domestic mining operations, as reported by .

马拉松数字首席执行官弗雷德·蒂尔（Fred Thiel）敦促美国政府开始积极采矿比特币，以履行特朗普总统的战略比特币储备指令，这表明过多的水力发电可以支持国内采矿业务，如报道。

Speaking at Bitcoin 2025, Thiel emphasized the necessity of tangible steps beyond the current plan of using approximately 200,000 seized bitcoins from government forfeitures. Senator Cynthia Lummis supports this broader vision through her proposed BITCOIN Act, advocating for converting underperforming government gold certificates into bitcoin to expand the reserve substantially.

蒂尔（Thiel）在比特币2025年发表讲话，强调了有必要的步骤，超出了当前使用大约200,000次从政府没收中查获的比特币的计划。参议员辛西娅·卢米斯（Cynthia Lummis）通过她提出的比特币法案来支持这种更广泛的愿景，主张将表现不佳的政府金证书转换为比特币，以大大扩展储备金。

However, Lummis acknowledges significant legislative hurdles remain, citing a general lack of congressional understanding about bitcoin and competing priorities such as stablecoin and market structure regulations.

但是，卢米斯承认仍然存在重大立法障碍，理由是对比特币和竞争优先事项（例如Stablecoin和Market Struction Archustripers）缺乏国会的理解。

Market Movements:

市场变动：

Elsewhere in Crypto...

在加密货币的其他地方...

output: Ethereum rose 3.7% in the early hours of Thursday, breaking decisively above its previous resistance level of around $2,500 following a prolonged period of consolidation, according to CoinDesk Research's AI-assisted technical analysis model. The rally is being supported by strong trading volume and signals significant institutional confidence, with $248 million in net inflows reported last week for spot Ethereum ETFs, notably led by BlackRock's iShares Ethereum Trust.

输出：根据Coindesk Research的AI-Assisced技术分析模型，在周四凌晨，以太坊上涨了3.7％，在长时间合并之后，果断地超过了其先前的抵抗水平约为2500美元。强劲的交易量和信号的机构信心支持了这次集会，上周报道了现货以太坊ETF的2.48亿美元的净流入，特别是由贝莱德的Ishares Ethereerum Trust领导。

DeFi activity is

Defi活动是