等离子体，资本，竞争：加密和比特币国库策略的新时代

等离子体的快速上升挑战了Tron，而Capital B比特币国库策略展示了一种新型的公司财务方法。比赛升温了！

Hold onto your hats, folks! The crypto world is spinning faster than a Shiba Inu chasing a laser pointer. 'Plasma, Capital, Compete' are the names of the game, and things are getting spicy!

抓住你的帽子，伙计们！加密世界的旋转速度比志uinu追逐激光指针的速度更快。 “等离子体，资本，竞争”是游戏的名称，事情越来越辣！

Plasma's Meteoric Rise: A TRON Challenger?

等离子体的陨石崛起：Tron挑战者？

Plasma, the new Tether-backed stablecoin ecosystem, is making waves faster than a speedboat on a sugar rush. In its first week, it zoomed past Arbitrum and Base in total value locked (TVL) and is nipping at TRON’s heels. We're talking serious liquidity, folks. According to DeFiLlama, Plasma boasts $5.6B, though Plasma claims over $7B. Either way, it's a boatload of cash!

血浆是新型的绑带式稳定的生态系统，它比糖冲刺上的快艇更快地造成波浪。在其第一周，它缩放了索赔，总价值锁定（TVL），并在Tron的高跟鞋上咬了。伙计们，我们正在谈论严重的流动性。根据Defillama的说法，血浆拥有5.6B美元，尽管血浆声称超过$ 7B。无论哪种方式，这都是现金船！

Why the Hype? Zero Fees and USDT

为什么炒作？零费用和USDT

What’s driving this rocket ship? Zero-fee transactions and a native version of USDT. Who doesn't love free stuff? The USD Vault initially pulled in $212M, largely from a wallet linked to Bitfinex. Now it holds $44M, but other vaults have stacked up to $3B in liquidity. Aave is the leading app, with Plasma Savings Vaults close behind.

是什么驾驶这艘火箭船？零费用交易和USDT的本地版本。谁不喜欢免费的东西？美元的金库最初赚了2.12亿美元，主要是从链接到Bitfinex的钱包中赚取的。现在，它持有4400万美元，但其他保险库的流动性最高可达3B美元。 AAVE是领先的应用程序，等离子节省金库在后面。

XPL Token: Riding the Wave

xpl token：骑波浪

The native token, XPL, is mirroring Plasma’s expansion, albeit with some rollercoaster action. After peaking at $1.67, it dipped to $1.33. Trading volume is hot on Binance, OKX, and Hyperliquid. Whales on Hyperliquid are bullish, with 56% holding long positions, including a leveraged $6.6M long that's raking in unrealized gains. No unlocks till 2026 keeps the supply tight, fueling accumulation.

本地令牌XPL正在反映等离子体的扩展，尽管有些过山车动作。达到1.67美元的顶峰之后，下降到$ 1.33。交易量在binance，OKX和超流动液中很热。超流动性的鲸鱼是看涨的，有56％的人持有长位置，其中包括660万美元的杠杆率，这是未实现的收益。直到2026年才解锁才能使供应紧密，加油积聚。

Capital B: Bitcoin Treasury Titan

资本B：比特币国库泰坦

Meanwhile, across the pond, Capital B is playing a different game: gobbling up Bitcoin like it's going out of style. They just confirmed the purchase of 12 Bitcoin for €1.2 million, bringing their total hoard to 2,812 BTC. And get this: a year-to-date Bitcoin yield of 1,656.1%! They're Europe’s first dedicated Bitcoin Treasury Company, and they're not messing around.

同时，在整个池塘中，Capital B正在玩不同的游戏：吞噬比特币，就像它过时的时尚一样。他们刚刚以120万欧元的价格确认购买了12个比特币，使他们的总ho积到2,812 BTC。并得到这个：年初至比特币产量为1,656.1％！他们是欧洲第一家专门的比特币国库公司，而且他们不会乱七八糟。

Capital Raises and Bitcoin Buys

筹集资本和比特币购买

Capital B is funding its Bitcoin binge through capital increases, finalized at €1.70 per share. They’re using these funds to aggressively expand their Bitcoin position. Just a week prior, they snagged 551 BTC for €54.7 million. They’re all about growing Bitcoin holdings per fully diluted share, making BTC the cornerstone of their long-term value.

Capital B通过资本增加为其比特币狂欢提供了资金，最终以每股1.70欧元的价格完成。他们使用这些资金积极扩大其比特币位置。就在一周前，他们以5470万欧元的价格抢购了551 BTC。他们全都是在每股全部稀释的份额中增加比特币持有量，使BTC成为其长期价值的基石。

Market Implications: Corporate Bitcoin Adoption

市场影响：公司比特币采用

Capital B’s moves reflect a growing trend of corporate Bitcoin adoption in Europe. Their focus on scaling Bitcoin per share could attract investors seeking direct BTC exposure. Their ability to raise capital shows institutional support for their strategy. Could this be the future of corporate finance?

Capital B的举动反映了欧洲企业比特币采用的趋势的增长。他们专注于每股扩展比特币的关注，可能会吸引寻求直接BTC风险的投资者。他们筹集资本的能力表现出对其战略的机构支持。这可能是公司融资的未来吗？

The Competition Heats Up

比赛升温

Plasma's gunning for TRON's stablecoin crown, while Capital B's pioneering Bitcoin treasury strategy is turning heads in Europe. Both are disruptive forces, and the competition is only going to get fiercer.

等离子体为Tron的Stablecoin Crown的枪击，而Capital B的开拓性比特币国库策略正在欧洲转向欧洲。两者都是破坏力的力量，竞争只会变得更加激烈。

My Two Satoshis

我的两个satoshis

Plasma's zero-fee model is a stroke of genius, potentially attracting a massive user base tired of high transaction costs. However, can they maintain this model sustainably? As for Capital B, their bold Bitcoin treasury strategy is risky but could pay off big time if Bitcoin continues its upward trajectory. It's a high-stakes game, but that's what makes it exciting!

等离子体的零功能模型是天才的中风，有可能吸引大量的用户基础，厌倦了高交易成本。但是，他们可以可持续地维护这个模型吗？至于Capital B，他们大胆的比特币国库策略是有风险的，但如果比特币继续向上轨迹，可能会付出很大的时间。这是一款高风险的游戏，但这就是令人兴奋的原因！

What will happen next? Only time will tell, but one thing is certain: the world of 'Plasma, Capital, Compete' is going to be a wild ride. Buckle up, buttercups!

接下来会发生什么？只有时间可以证明，但是有一件事是可以肯定的：“等离子体，资本，竞争”的世界将是一次疯狂的旅程。系好，毛cup！