在市場不確定性的情況下，比特幣的主導地位飆升；幣安著眼重返印度

比特幣在加密市場的主導地位有所增強，這可能是由於即將到來的減半和更廣泛市場的避險情緒。儘管比特幣的價格一直在波動，但 Layer-1 區塊鏈和山寨幣的表現卻較差，SOL、AVAX、ADA 和 FIL 等代幣都大幅下跌。據報道，幣安在支付罰款後正尋求重新進入印度。

Bitcoin's Dominance Surges Amid Market Uncertainty, Binance Eyes India Re-Entry

在市場不確定性的情況下，比特幣的主導地位飆升，幣安著眼於重新進入印度

Amidst the ongoing market volatility, Bitcoin's dominance in the cryptocurrency realm has witnessed a noticeable surge, attributed to the impending halving and heightened risk aversion. As the sell-off in risk assets continues unabated, fueled by challenging macroeconomic headwinds, Bitcoin's price has dipped below $61,400 during Asian trading hours on Thursday, as per CoinDesk Indices data. The CoinDesk 20, an index tracking the world's most liquid digital assets, has also faced a downturn, shedding 3.3% to reach 2,125.

在持續的市場波動中，由於即將到來的減半和風險厭惡情緒的加劇，比特幣在加密貨幣領域的主導地位出現了顯著上升。根據 CoinDesk Indices 的數據，在充滿挑戰的宏觀經濟逆風的推動下，風險資產的拋售繼續有增無減，比特幣的價格在周四的亞洲交易時段跌破了 61,400 美元。追蹤全球最具流動性的數位資產的 CoinDesk 20 指數也面臨低迷，下跌 3.3%，至 2,125 點。

While Bitcoin grapples with its current challenges, layer-1 blockchains and altcoins have been faring worse. Prominent layer-1 tokens such as Solana's SOL have plummeted over 20% in the past week, while Avalanche's AVAX has dropped 26%, Cardano's ADA has declined 23%, and Filecoin's FIL has witnessed a 30% drop.

雖然比特幣正在努力應對當前的挑戰，但第一層區塊鏈和山寨幣的情況更糟。過去一周，Solana 的 SOL 等著名的 Layer 1 代幣暴跌超過 20%，而 Avalanche 的 AVAX 下跌了 26%，Cardano 的 ADA 下跌了 23%，Filecoin 的 FIL 下跌了 30%。

In other news, Binance, the cryptocurrency exchange that was forced to exit the Indian market several months ago, is reportedly seeking to make a re-entry by paying a $2 million fine, according to the Economic Times. Earlier this year, Binance and several other exchanges were removed from the Apple Store in India following compliance notices issued by the country's Financial Intelligence Unit (FIU). Other firms that received such notices at the time included OKX, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.

根據《經濟時報》報道，幾個月前被迫退出印度市場的加密貨幣交易所幣安網 (Binance) 正在尋求透過支付 200 萬美元罰款重新進入印度市場。今年早些時候，在印度金融情報機構 (FIU) 發布合規通知後，幣安和其他幾家交易所被從印度 Apple Store 下架。當時收到此類通知的其他公司包括 OKX、KuCoin、Huobi、Kraken、Gate.io、Bittrex、Bitstamp、MEXC Global 和 Bitfinex。

For holders of USDe, the stablecoin issued by Ethena Labs, it is crucial to closely monitor the project's reserve fund to mitigate risks associated with the potential for negative funding rates, as advised by data provider CryptoQuant. Ethena Labs currently offers an annual yield of 17.2%, calculated as a rolling average over the past seven days, to investors who stake USDe or other stablecoins on its platform. This yield is generated through a tokenized "cash and carry" trade strategy that involves purchasing an asset while simultaneously shorting it to capitalize on funding payments. Funding serves as a mechanism to align asset prices on derivatives exchanges with underlying assets. In bullish markets, holders of long positions pay those holding short positions, and the opposite occurs in bearish markets.

根據數據供應商 CryptoQuant 的建議，對於 Ethena Labs 發行的穩定幣 USDe 的持有者來說，密切監控該專案的儲備基金以降低與潛在負資金利率相關的風險至關重要。 Ethena Labs 目前向在其平台上質押 USDe 或其他穩定幣的投資者提供 17.2% 的年收益率（按照過去 7 天的滾動平均值計算）。該收益是透過代幣化的「現金套利」交易策略產生的，該策略涉及購買資產，同時做空資產以利用融資支付。融資是一種使衍生性商品交易所的資產價格與基礎資產一致的機制。在多頭市場中，多頭部位持有者向空頭部位持有者支付費用，而在熊市中則相反。

Historical data suggests that previous Bitcoin halvings have often been followed by substantial price gains for the cryptocurrency in the subsequent 12 months. For instance, after the first halving, prices surged by 1000%, with increases of 200% and 600% following the second and third halvings, respectively.

歷史數據表明，在先前的比特幣減半之後，加密貨幣的價格往往會在接下來的 12 個月內大幅上漲。例如，第一次減半後，價格飆升了1000%，第二次和第三次減半後分別上漲了200%和600%。

In summary, the cryptocurrency market is currently navigating a period of uncertainty, with Bitcoin's dominance rising while altcoins and layer-1 blockchains face setbacks. Binance's potential re-entry into India is being closely watched, and USDe holders are urged to exercise caution in light of negative funding rate risks. As the market continues to evolve, it remains essential for investors to conduct thorough research and adopt a prudent approach to managing their portfolios.

總而言之，加密貨幣市場目前正處於不確定時期，比特幣的主導地位不斷上升，而山寨幣和第一層區塊鏈則面臨挫折。幣安重新進入印度的可能性受到密切關注，鑑於負融資利率風險，USDe 持有者應謹慎行事。隨著市場的不斷發展，投資者仍然有必要進行徹底的研究並採取審慎的方法來管理其投資組合。