骑加密波：以太超级循环，Circle的可逆性辩论和Aster的Dex激增

解码defi：机构感兴趣的眼睛是一种以太超级循环，圈子考虑了交易可逆性，并且宇宙带来了永久性交易量的激增。

Riding the Crypto Wave: Ether Supercycle, Circle's Reversibility Debate, and Aster's DEX Surge

骑加密波：以太超级循环，Circle的可逆性辩论和Aster的Dex激增

This week in DeFi, three key trends are shaping the landscape: the potential for an Ether supercycle driven by institutional adoption, Circle's controversial exploration of transaction reversibility, and the explosive growth of perpetual DEX trading led by Aster.

本周在Defi中，三个关键趋势正在塑造景观：由机构采用驱动的以太超级循环的潜力，Circle对交易可逆性的有争议的探索以及由Aster领导的永久性DEX交易的爆炸性增长。

Ether Supercycle: Wall Street's Embrace or Just Hype?

Ether Supercycle：华尔街的拥抱还是炒作？

The buzz around an 'Ether supercycle' is gaining momentum, fueled by the prospect of Wall Street diving headfirst into blockchain. BitMine, a major ETH holder, believes Ethereum stands to benefit immensely from this influx of institutional capital, potentially breaking the traditional four-year crypto cycle. However, not everyone's convinced. Citigroup, for instance, has a year-end price target for Ether significantly below its all-time high, suggesting current prices might be driven by hype rather than underlying activity. The debate continues: is this a true supercycle, or just another wave of enthusiasm?

华尔街跳水首先进入区块链的前景推动了“以太超级循环”周围的嗡嗡声。 Bitmine是一个主要的ETH持有人，他认为以太坊将从机构资本的涌入中受益匪浅，可能破坏了传统的四年加密周期。但是，并不是每个人都相信。例如，花旗集团的以太币的年终目标价格明显低于其历史最高水平，这表明当前价格可能是由炒作而不是基础活动驱动的。辩论继续：这是真正的超级循环，还是只是另一波热情？

Circle's Reversibility Dilemma: Balancing Security and Decentralization

Circle的可逆性困境：平衡安全性和权力下放

Circle, a leading stablecoin issuer, is sparking debate with its exploration of 'reversible' USDC transactions. The aim? To recover funds lost to fraud and hacks. While this could protect users and boost mainstream trust, it clashes with the core crypto ethos of immutable, decentralized transactions. Circle's president, Heath Tarbert, acknowledges the 'inherent tension' between immediate transfers and the possibility of revocation. Can Circle find a balance between security and the fundamental principles of crypto? It's a tightrope walk, to be sure.

领先的Stablecoin发行人Circle正在通过探索“可逆” USDC交易引发辩论。目的？收回损失的欺诈和黑客资金。尽管这可以保护用户并提高主流信任，但它与不可变，分散交易的核心加密精神发生了冲突。 Circle的总统希思·塔伯特（Heath Tarbert）承认立即转移与撤销可能性之间的“固有紧张”。 Circle可以在安全性与加密基本原理之间找到平衡吗？可以肯定的是，这是一条绳索步行。

Aster's Surge: DeFi Derivatives Hit New Heights

Aster的激增：Defi衍生物达到了新的高度

Decentralized exchanges (DEXs) are seeing unprecedented activity in perpetual trading, with volumes hitting a record $70 billion. Leading the charge is Aster, a new derivatives platform on the BNB Chain, accounting for over 50% of total perp DEX activity. This surge highlights the growing momentum in DeFi derivatives markets, offering traders new avenues for speculation and hedging. Aster's rapid ascent demonstrates the dynamic nature of the DeFi space and the appetite for innovative trading platforms.

去中心化交易所（DEX）在永久交易中看到了前所未有的活动，其中量达到了创纪录的700亿美元。领先的指控是BNB链上的一个新的衍生品平台Aster，占PERP DEX活性的50％以上。这种激增强调了Defi衍生品市场的增长，为交易者提供了新的猜测和对冲途径。 Aster的快速上升表明了Defi空间的动态性质和对创新交易平台的胃口。

Final Thoughts: Navigating the Evolving DeFi Landscape

最终想法：导航不断发展的Defi景观

From the tantalizing prospect of an Ether supercycle to the philosophical conundrum of transaction reversibility and the explosive growth of DeFi derivatives, this week's developments highlight the ever-evolving nature of the decentralized finance world. Whether you're a seasoned crypto veteran or just dipping your toes in the water, it's clear that DeFi is a space to watch. Buckle up, because it's gonna be a wild ride!

从以太超级循环的诱人前景到交易可逆性的哲学难题和Defi衍生品的爆炸性增长，本周的发展凸显了分散金融世界的不断发展的本质。无论您是经验丰富的加密货币老兵还是只是将脚趾浸入水中，很明显，Defi都是值得关注的空间。系好，因为这将是一个疯狂的旅程！