比特幣礦業公司在三月份損失了其市場價值的25％，這是歷史上最糟糕的月份

3月，14個上市比特幣礦業公司的市場價值減少了25％，這是歷史上最糟糕的一個月

As the market continues to recover from recent volatility, several news stories are making headlines in the world of crypto.

隨著市場繼續從最近的波動中恢復，幾個新聞報導成為加密貨幣世界的頭條新聞。

JPMorgan Chase: The market value of 14 listed Bitcoin mining companies shrank by 25% in March, the worst month in history

摩根大通（JPMorgan Chase）：三月份的14個上市比特幣礦業公司的市場價值減少了25％，這是歷史上最糟糕的月份

According to Decrypt, JPMorgan Chase said in a report on Tuesday that Bitcoin miners continue to face challenges, and 14 listed mining companies in the field collectively experienced the worst month on record in March. The Bitcoin miners it tracks, including companies such as MARA and Core Scientific, saw their market value shrink by a total of 25%, or about $6 billion, last month. In addition, the report stated that companies with high-performance computing businesses "performed pure Bitcoin miners for the second consecutive month." JPMorgan Chase data showed that the 14 listed mining companies also performed poorly in February, when their total market value also lost more than 20%, also about $6 billion.

摩根大通（JPMorgan Chase）在周二的一份報告中表示，比特幣礦工繼續面臨挑戰，該領域中有14家礦業公司在三月份經歷了最糟糕的月份。 IT跟踪的比特幣礦工，包括Mara和Core Scientific等公司，其市場價值上個月縮小了25％，即約60億美元。此外，該報告還指出，具有高性能計算業務的公司“連續第二個月執行純比特幣礦工”。摩根大通（JPMorgan Chase）的數據顯示，2月份上市的14家礦業公司的表現也很差，當時其總市場價值也損失了20％以上，也約為60億美元。

Grayscale executives: The impact of tariffs on cryptocurrencies may have been "priced in", and the worst case scenario is likely to have passed

灰度高管：關稅對加密貨幣的影響可能已經“定價”，最壞的情況可能已經通過

According to CoinDesk, Grayscale Research Director Zach Pandl said that the impact of tariffs on cryptocurrencies may have been "priced in" and the worst may be over. Pandl estimates that tariffs have reduced economic growth by 2% so far this year. But Trump's so-called "Liberation Day" may actually prevent the worst pain felt by financial markets. Pandl said: "If we see that the tariff policy announced on Wednesday is both tough and phased, and focused on the 15 countries they seem to be targeting, I expect the market to rebound on the news. Once we get through this announcement period, the cryptocurrency market may refocus on fundamentals, which are very positive." Pandl said that if institutions do not have high confidence in the digital asset field and its related policies, announcements like Circle's initial public offering (IPO) will not happen. In addition, Pandl believes that tariffs will increase demand for non-US dollar currencies. Despite the current market pessimism about prices, Pandl still believes that Bitcoin will hit a record high this year. He said: "If I don't think Bitcoin will win in the long run, I won't quit my job on Wall Street."

根據Coindesk的說法，灰度研究總監Zach Pandl表示，關稅對加密貨幣的影響可能已“定價”，最糟糕的情況可能已經結束。 PANDL估計，今年迄今為止，關稅將經濟增長降低了2％。但是，特朗普所謂的“解放日”實際上可能會阻止金融市場感到嚴重的痛苦。潘德說：“如果我們看到週三宣布的關稅政策既堅強又分階段，並且專注於他們似乎正在瞄準的15個國家，我希望市場能夠反彈新聞。一旦我們完成了這一公告，加密貨幣市場可能會重新關注基本面，這是非常積極的。” Pandl說，如果機構對數字資產領域及其相關政策沒有高度的信心，那麼Circle首次公開募股（IPO）等公告就不會發生。此外，PANDL認為關稅將增加對非美國貨幣的需求。儘管目前對價格的市場悲觀主義，但PANDL仍然認為，比特幣今年將創下歷史新高。他說：“如果我認為比特幣從長遠來看會贏得勝利，我就不會在華爾街辭職。”

Elon Musk's X platform urges Supreme Court to protect Coinbase users from IRS investigation

埃隆·馬斯克（Elon Musk）的X平台敦促最高法院保護Coinbase用戶免受IRS調查

Elon Musk's X-Platform is urging the U.S. Supreme Court to protect companies from subpoenas issued by federal law enforcement agencies "without reasonable suspicion" to avoid being forced to disclose sensitive user financial data, according to Bloomberg. X-Platform asked the judge to reconsider a lower court ruling that allowed the IRS to enforce a subpoena for Coinbase customer transaction records in a tax investigation of more than 14,000 users of the crypto exchange. X-Platform's lawyers argued in a filing last week that X-Platform stores subscription and advertising data and plans to eventually provide financial services to users, but the Constitution does not allow "warrantless searches of customer records held by third-party service providers" when these companies have signed nondisclosure agreements with users.

據彭博社報導，埃隆·馬斯克（Elon Musk）的X平台敦促美國最高法院“不合理地懷疑”聯邦執法機構發行的傳票免受傳票的侵害。 X-Platform要求法官重新考慮下級法院的裁決，該裁決允許IRS在對14,000多名加密貨幣交易所用戶的稅收調查中執行傳票以用於Coinbase客戶交易記錄。 X-Platform的律師在上週的一份文件中辯稱，X-Platform存儲訂閱和廣告數據，併計劃最終向用戶提供金融服務，但憲法不允許“當這些公司與用戶簽署非公開協議時，“對第三方服務提供者持有的客戶記錄無理搜索”。

Eric Trump says bank bans and boycott culture have prompted his family to continue investing in the crypto industry

埃里克·特朗普（Eric Trump）表示，銀行禁令和抵製文化促使他的家人繼續投資加密行業

According to The Block, Eric Trump, the second son of the US President, revealed in an exclusive interview with Fox Business Channel that it is the three factors of "autonomy, bank blocking and boycott culture" which drive his family to continue to increase its layout in the crypto industry. Eric Trump said on Tuesday when discussing the “weaponization” of the Trump family by banks: “I never thought I would get involved in the field of cryptocurrency before every bank cancelled their business with us for no reason, just because my father was in politics. They targeted us viciously. It was not until then that I realized the importance of cryptocurrency.” In addition to praising the anti-censorship characteristics of cryptocurrency, Eric Trump also pointed out that this technology is a huge improvement over the contemporary financial system. He said that cryptocurrency is “cheaper, faster and more transparent.” Cryptocurrency can do “everything” that banks can do better. Eric Trump specifically pointed out that stablecoins will help support the US dollar while fundamentally changing the face of “finance and banking” in the next few decades.

根據該街區的說法，美國總統的第二個兒子埃里克·特朗普（Eric Trump）在對福克斯商業頻道的獨家採訪中透露，這是“自治，銀行阻止和抵製文化”的三個因素，促使他的家人繼續增加其在加密貨幣行業的佈局。埃里克·特朗普（Eric Trump）週二在討論銀行的特朗普家族的“武器化”時說：“我從沒想過我會涉及加密貨幣領域，然後每個銀行無緣無故地與我們取消了他們的業務，只是因為我父親在政治上。埃里克·特朗普（Eric Trump）除了讚揚加密貨幣貨幣彙編的特徵外，還指出，這項技術對當代金融體係是一個巨大的改進。他說，加密貨幣“更便宜，更快，更透明”。加密貨幣可以完成銀行可以做得更好的“一切”。埃里克·特朗普（Eric Trump）明確指出，Stablecoins將有助於支持美元，同時從根本上改變了未來幾十年的“財務和銀行業”面貌。

IPO documents reveal Coinbase gets 50% of Circle's remaining USDC reserves

IPO文件顯示Coinbase獲得了Circle剩餘的USDC儲量的50％

According to Decrypt, the S-1 listing document submitted by stablecoin issuer Circle shows that Coinbase (NASDAQ:COIN), as its core partner, can obtain a 50% share of the remaining income of the USDC stablecoin reserve. In the regulatory documents submitted on Tuesday, Circle disclosed that Coinbase can obtain a 50% share of the “remaining payment base”, which is directly derived from the reserve assets supporting the USDC stablecoin; Coinbase's share ratio is linked to the number of USDC held by its exchange. When the USDC managed by the Coinbase platform

根據解密的說法，Stablecoin發行人圈提交的S-1上市文件表明，作為其核心合作夥伴，Coinbase（NASDAQ：COIN）可以獲得USDC Stablecoin儲備金剩餘收入的50％。在周二提交的監管文件中，Circle透露，Coinbase可以獲得“剩餘付款基礎”的50％份額，該份額直接來自支持USDC Stablecoin的儲備資產； Coinbase的股票比率與其交易所持有的USDC數量有關。當Coinbase平台管理USDC