每周的机构见解：加密货币忘记了DeepSeek Crash

我们每周的机构见解探讨了最新的市场发展 - 市场绩效，行业新闻，交易所交易基金（ETF）流动，流行主题，即将到来的事件和代币解锁 - 可帮助您增强加密货币交易。

Our weekly Institutional Insights explores the latest market developments — market performance, industry news, ETF flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

我们每周的机构见解探讨了最新的市场发展 - 市场绩效，行业新闻，ETF流动，热门主题，即将到来的事件和代币解锁 - 可帮助您增强加密货币交易。

Enjoy our weekly take on the market!

享受我们每周在市场上！

Weekly Highlight — PCE Muted in January 2025

每周亮点 - PCE在2025年1月静音

The Federal Reserve's key inflation measure remained subdued in December 2024, with real incomes showing a concerning decline, setting the stage for potential interest rate cuts this year. The core personal consumption expenditures (PCE) price index rose 0.2% from November 2024 and 2.8% year-over-year, while real disposable income showed minimal growth for a second consecutive month, leading to a drop in the savings rate to a two-year low of 3.8%. This decline could put consumers at risk if incomes continue to decrease, LPL Financial's chief economist warned.

美联储的主要通货膨胀措施在2024年12月仍然被柔和，实际收入显示出关于下降的趋势，这为今年的潜在利率降低奠定了基础。核心个人消费支出（PCE）价格指数从2024年11月起上涨0.2％，同比增长2.8％，而实际的可支配收入连续第二个月增长最低，导致储蓄率下降至两种增长。年低3.8％。 LPL Financial的首席经济学家警告说，如果收入继续下降，这种下降可能会使消费者处于危险之中。

In related data, labor cost growth slowed and consumer spending rose by 0.4% in December 2024, driven by strong demand for durable goods. Fed officials are closely monitoring these figures as they consider adjusting interest rates. The resilience of the labor market and upcoming revisions to job growth data also influenced their decision-making.

在相关数据中，劳动力成本增长放缓，消费者支出在2024年12月，这是对耐用商品的强劲需求的驱动。美联储官员考虑调整利率时，正在密切监视这些数字。劳动力市场的弹性以及即将进行的对工作增长数据的修订也影响了他们的决策。

Meanwhile, the economy's GDP grew by 2.3% in the fourth quarter, largely supported by a significant increase in personal spending.

同时，第四季度经济的GDP增长了2.3％，这在很大程度上得到了个人支出的显着增长。

Weekly Crypto Highlight — Crypto Forgets DeepSeek Crash

每周加密亮点 - 加密货币忘记了DeepSeek Crash

On Jan. 27, 2025, Bitcoin prices fell 6% as markets reacted to the launch of DeepSeek, a new open-source AI model from China, which investor Marc Andreessen described as "AI's Sputnik moment." Developed for less than $6 million using older NVIDIA hardware, DeepSeek emerged as a competitor to U.S. firms like OpenAI, leading to a broader sell-off in tech stocks, with NVIDIA shares dropping nearly 17%.

2025年1月27日，由于市场对来自中国的新开源AI模型DeepSeek的推出，比特币价格下跌6％，投资者Marc Andreessen被称为“ AI的Sputnik时刻”。 DeepSeek使用较旧的NVIDIA硬件开发了不到600万美元，成为Openai等美国公司的竞争对手，导致技术股票的抛售更加广泛，NVIDIA股票下跌了近17％。

The cheaper, more efficient AI model also impacted energy utility stocks, which anticipated revenue from the power-intensive U.S. models. Major cryptocurrencies, including Bitcoin and Ether, fell 6% and 7% respectively, reflecting a broader market sentiment, rather than a direct correlation to DeepSeek.

更便宜，更高效的AI模型还影响了能源公用事业，该公司预计美国强大的美国模型会收入。包括比特币和以太在内的主要加密货币分别下降了6％和7％，反映出更广泛的市场情绪，而不是与DeepSeek的直接相关性。

Despite the volatility, some analysts remained optimistic, noting Bitcoin's stabilization amid ongoing Nasdaq-100 declines. The open-source nature of DeepSeek may foster innovation in AI development, with industry figures suggesting it could pave the way for cheaper, faster AI systems.

尽管有波动性，但一些分析师仍保持乐观，并指出在纳斯达克-100持续下降的情况下，比特币的稳定稳定。 DeepSeek的开源性可能会在AI开发中促进创新，行业数字表明它可以为更便宜，更快的AI系统铺平道路。

However, privacy concerns surround DeepSeek, with U.S. and EU regulators scrutinizing its data policies. Critics also warned it may serve as a Trojan horse for data collection, echoing past controversies with Chinese tech.

但是，隐私问题围绕着DeepSeek，我们和欧盟监管机构审查其数据政策。批评家还警告说，它可以作为数据收集的特洛伊木马，与中国技术的过去争议相呼应。

Overall, while DeepSeek's immediate impact on crypto appears limited, its long-term effects on the AI landscape and market dynamics have yet to be fully realized.

总体而言，尽管DeepSeek对加密货币的直接影响似乎有限，但其对AI景观和市场动态的长期影响尚未完全实现。

Other Top-Performing Tokens

其他表现最好的令牌

TokenCatalystArweave (AR)AR surged nearly 20.9% following KYVE's archiving of 10TB of web3 historical data on Arweave. Read more here.Movement Network (MOVE)MOVE surged nearly 17.7% following the launch of Movement Network's Developer Mainnet, paving the way for the public beta. Read more here.Alchemy Pay (ACH)ACH surged 48.6% following Alchemy Pay's launch of a fiat-to-crypto on-ramp for Uniswap. Read more here.

在凯夫（Kyve）归档了10TB的Web3历史数据上，TokencatalyStarweave（AR）AR飙升了近20.9％。在此处阅读更多。动态网络（移动）在推出机动网络开发人员的Mainnet之后，移动飙升了近17.7％，为公共Beta铺平了道路。在此处阅读更多。AlchemyPay（ACH）ACH飙升了48.6％，因为Alchemy Pay推出了fiat to-crypto in for Uniswap。在这里阅读更多。

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