隨著第二屆特朗普政府開始

去年，當唐納德·特朗普（Donald Trump）進入競選活動時，他保證自己將成為“加密貨幣總統”。週一，隨著他的第二次政府的開始，比特幣飆升至新歷史最高近11萬美元的新高度，這是由於預期將迫在眉睫的多種加密政策變化。

Coinbase Bytes is your weekly digest of crypto news. Here’s what you need to know this week:

Coinbase Bytes是您每週對加密新聞的消化。這是您本週需要知道的：

Bitcoin neared $110K as the Trump administration began. Plus, new SEC leadership launched a crypto task force to chart a “sensible regulatory path.”

隨著特朗普政府的開始，比特幣接近11萬美元。另外，新的SEC領導層成立了一個加密特遣部隊，以繪製“明智的監管道路”。

Almost a dozen states are pursuing bitcoin reserves. A closer look at what they’ve proposed, and the potential for a federal BTC stockpile.

幾乎十幾個州正在追求比特幣儲備。仔細觀察他們提出的建議，以及聯邦BTC庫存的潛力。

Numbers to know. MicroStrategy’s latest BTC buy, the percent of Kenyan crypto owners who say crypto improves economic freedom, and more key stats.

數字要知道。 MicroStrategy最新的BTC購買，是肯尼亞加密貨幣所有者的百分比，他們說加密貨幣的人可以改善經濟自由和更多的關鍵統計數據。

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Bitcoin hits new all-time high — and volatility — as second Trump administration begins

隨著第二屆特朗普政府開始

Last year, when Donald Trump was on the campaign trail, he promised he’d be “a crypto president.”

去年，當唐納德·特朗普（Donald Trump）進入競選活動時，他保證自己將成為“加密貨幣總統”。

On Monday, as his second administration began, bitcoin soared to a new all-time high of nearly $110,000, fueled by expectations that a wide range of crypto-forward policy changes would be imminent.

週一，隨著他的第二次政府的開始，比特幣飆升至新歷史最高近11萬美元的新高度，這是由於預期將迫在眉睫的多種加密政策變化。

By the end of the day, however, prices dropped below $101,000, as some traders may have sold for a profit and others were potentially disappointed over the lack of crypto references in the president’s inauguration speech or immediate “day one” actions.

然而，到一天結束時，價格下跌了101,000美元，因為一些交易者可能是為了利潤而出售的，而另一些交易者對總統就職演講中缺乏加密參考或立即“第一天”行動感到失望。

On Tuesday, a sunnier picture began to emerge. U.S. Securities and Exchange Commission (SEC) Acting Chairman Mark Uyeda announced a task force aimed at crafting a set of clear rules of the road for crypto, after which prices recovered to around $107,000. A set of additional actions are still expected from the administration in the coming days and weeks.

週二，陽光明媚的照片開始出現。美國證券交易委員會（SEC）代理董事長馬克·烏耶達（Mark Uyeda）宣布了一個工作組，旨在製定一系列明確的加密貨幣道路規則，此後，價格回收至107,000美元左右。在未來幾天和幾週內，政府仍會有一系列其他行動。

“The president has moved quickly on his agenda,” Coinbase Chief Legal Officer Paul Grewal told Reuters. “The SEC has made it clear they understand that and want to be a part of that.”

Coinbase首席法律官Paul Grewal告訴路透社：“總統已經迅速遵守了他的議程。” “ SEC已經明確表明他們明白了這一點，並希望成為其中的一部分。”

Trump also launched a token of his own on the Solana blockchain last Friday. The Official Trump (TRUMP) coin quickly saw billions of dollars in trade volume, and as of Thursday morning was sitting in the Top 25 biggest cryptocurrencies, with a market cap of $7.4 billion.

特朗普上週五還在Solana區塊鏈上推出了自己的代幣。官方的特朗普（特朗普）硬幣迅速看到了數十億美元的貿易量，截至週四上午，坐在前25名最大的加密貨幣中，市值為74億美元。

Here’s what else you need to know about markets this week.

這是本周有關市場需要了解的內容。

New SEC task force to develop “sensible regulatory path” for crypto

新的SEC工作組開發加密的“明智的監管路徑”

For the last four years, the SEC took a largely “hostile” stance in regards to crypto — refusing to issue clear guidance for the industry, pushing back against innovations like crypto exchange-traded funds, and often pursuing “regulation by enforcement” via lawsuits. 

在過去的四年中，SEC在加密貨幣方面採取了很大的“敵對”立場- 拒絕對該行業發布明確的指導，反對加密貨幣交易所交易的資金等創新，並經常通過訴訟進行“執法法規”。 。

Under the Trump administration, the SEC is already taking a different approach, as evidenced by its creation of a new crypto task force that will be led by longtime SEC commissioner Hester Peirce. The goal of the group is to craft clear crypto regulations that will clarify previously murky rules that led to “confusion about what is legal, which creates an environment hostile to innovation and conducive to fraud,” according to the SEC’s announcement. 

在特朗普政府的領導下，美國證券交易委員會已經採取了不同的方法，這是由長期由SEC SEC專員Hester Peirce領導的新加密工作組所證明的。該組織的宣布稱，該組織的目的是製定明確的加密法規，該法規將澄清以前的模糊規則，這導致“合法的事情混亂，這使環境造成了創新的環境和有利於欺詐的環境”。

In Peirce’s words… “We look forward to working hand-in-hand with the public to foster a regulatory environment that protects investors, facilitates capital formation, fosters market integrity, and supports innovation,” wrote the task force’s leader.

用皮爾斯（Peirce）的話說……“我們期待與公眾攜手合作，以促進一個保護投資者，促進資本形成，促進市場誠信並支持創新的監管環境，”工作隊的領導者寫道。

What do crypto leaders and analysts think could happen next? 

加密領導者和分析師認為接下來會發生什麼？

Speaking to CNBC, Coinbase CEO Brian Armstrong described the inauguration of the new administration as “the dawn of a new day for crypto” and expressed hopes for an executive order that would direct government agencies to work together to create “clear rules”: “That’s what would really allow capital to flow into the United States and for startups to be built there,” said Armstrong.   

Coinbase首席執行官布萊恩·阿姆斯特朗（Brian Armstrong）在與CNBC交談時，將新政府的就職典禮描述為“加密貨幣的新日”，並表示希望執行命令，該行政命令將指導政府機構共同努力創建“清晰的規則”：真正允許資本流入美國並在那裡建造初創公司的原因。”阿姆斯特朗說。

Meanwhile, Jeremy Allaire — the CEO of USDC issuer Circle — predicts that Trump will soon sign an executive order allowing banks to offer a wide range of crypto services to clients.

同時，USDC發行人Circle的首席執行官Jeremy Allaire預測，特朗普將很快簽署一項行政命令，允許銀行為客戶提供廣泛的加密服務。

What about prices? According to a new Standard Chartered report, an increase in institutional investment in crypto could push BTC to $200,000 and ETH to $10,000 by the end of the year. Longer term, BlackRock CEO Larry Fink suggested that a single bitcoin could someday be worth as much as $700,000 if enough major investment funds added crypto to their allocation mix. 

那價格呢？根據一份新的標準憲章報告，到年底，對加密貨幣的機構投資的增加可能會將BTC提高到200,000美元，而ETH則可以將ETH提高到10,000美元。從長遠來看，貝萊德（BlackRock）首席執行官拉里·芬克（Larry Fink）建議，如果足夠多的主要投資基金將加密貨幣添加到其分配組合中，那麼有一天，一個比特幣的價值可能高達700,000美元。

Litecoin spikes on potential ETF launch news 

Litecoin在潛在的ETF發布新聞上

Last year at this time, crypto markets were rallying after the blockbuster debut of spot BTC exchange-traded funds. 

去年，此時，加密貨幣市場在現貨BTC交易所交易資金的大片首次亮相之後集會。

This week, Litecoin (LTC) surged by around 20% on the news that Canary Capital had received comments from the SEC on its application for an ETF that would buy LTC and sell shares via conventional markets. “Litecoin ETF now has all the boxes checked,” Bloomberg ETF analyst Eric Balchunas said on X. “The first altcoin ETF of 2025 is about to be on the clock

本週，Litecoin（LTC）對Canary Capital收到了SEC的評論對其ETF申請的評論的消息飆升了約20％，該申請將通過傳統市場購買LTC並出售股票。彭博ETF分析師埃里克·巴爾庫納斯（Eric Balchunas）在X上說：“ Litecoin ETF現在已經檢查了所有盒子。”