“回購浪潮”席捲了加密貨幣行業

“回購浪潮”席捲了加密貨幣行業，其中15個項目包括AAVE，仲裁和運動宣布令牌回購計劃

A "buyback wave" is rolling through the crypto industry, with 15 projects, including Aave, Arbitrum, and Movement, announcing token buyback plans, ranging in size from millions to tens of millions of dollars.

“回購浪潮”正在加密貨幣行業，其中包括15個項目，包括AAVE，仲裁和移動，宣布令牌回購計劃，規模從數百萬到數千萬美元不等。

As reported by Wu Blockchain, the sources of buyback funds vary by project. For example, Aave plans to use a portion of protocol income to buy back A tokens, while Arbitrum intends to confiscate IRON tokens from the exploiter and use the funds for buybacks. An industry fund is also planning to spend tens of millions of dollars to buy back and burn tokens for several projects, including AAX, Anyswap, and Blocklink.

正如Wu區塊鏈報導的那樣，回購資金的來源因項目而異。例如，AAVE計劃使用部分協議收入來回購代幣，而仲裁則打算從剝削者那裡沒收鐵令牌，並使用這些資金進行回購。一個行業基金還計劃花費數千萬美元來回購和燃燒代幣，用於包括AAX，Anyswap和Blocklink在內的多個項目。

This move not only serves as a stopgap measure to save the market in the short term but is also an important strategic layout for projects to reshape the token economy and give long-term value.

此舉不僅是在短期內拯救市場的一項定格措施，而且還是重塑代幣經濟並具有長期價值的項目的重要戰略佈局。

In other news, Immutable has received a notice of termination of the SEC investigation, bringing a clear signal of regulation to the Web3 gaming industry. The SEC's investigation into Immutable and related parties began in March 2023, focusing on whether Immutable's activities violated U.S. securities law.

在其他新聞中，不變的已收到了SEC調查的終止通知，這向Web3遊戲行業帶來了明確的監管信號。美國證券交易委員會（SEC）對不變的和關聯方的調查始於2023年3月，重點是不變的活動是否違反了美國證券法。

At the same time, the U.S. SEC cryptocurrency working group will hold four new roundtable meetings from April to June 2025 to discuss key topics such as crypto trading, custody, asset tokenization and DeFi.

同時，美國SEC加密貨幣工作組將在2025年4月至6月舉行四次新的圓桌會議會議，討論關鍵主題，例如加密貨幣交易，託管，資產令牌化和DEFI。

As for Bitcoin, its price movements continue to show a trend that is highly correlated with the U.S. stock market, with volatility remaining several times higher than that of U.S. stocks.

至於比特幣，其價格變動繼續顯示出與美國股票市場高度相關的趨勢，波動率的波動率仍然是美國股票的幾倍。

Investors on both sides are focusing on the Fed's expectations of rate cuts. Analyst Daan Crypto Trades pointed out that Bitcoin is still trading at a solid premium, and if it can maintain this level and slowly recover to more than $90,000, it is expected to create a new high.

雙方的投資者都將重點放在美聯儲對降低利率的期望上。分析師Daan Crypto Trades指出，比特幣仍處於可靠的溢價上，如果它可以維持此水平並慢慢恢復至90,000美元以上，則預計將創造一個新的高位。

The Greeks.live community briefing shows that the market is divided on the trend of cryptocurrencies. Some investors believe that it is suitable to buy on dips, while short sellers expect Bitcoin to fall to the $84,500 range.

希臘語社區簡報表明，市場劃分了加密貨幣的趨勢。一些投資者認為，可以在跌幅上購買，而賣空者預計比特幣將跌至84,500美元。

In the regulatory field, the SEC announced that it will hold four roundtable meetings from April to June 2025, covering key topics such as crypto trading, custody, asset tokenization and DeFi. Commissioner Hester Peirce called this move a "spring sprint to crypto clarity," showing that regulators are shifting from an enforcement orientation to a constructive dialogue.

在監管領域，SEC宣布將於2025年4月至6月舉行四次圓桌會議，涵蓋了諸如加密貨幣交易，託管，資產令牌和DEFI等關鍵主題。專員海斯特·皮爾斯（Hester Peirce）稱這一舉動為“春季衝刺到加密透明度”，表明監管機構正在從執行方向轉變為建設性對話。

It is worth noting that traditional financial institutions are increasingly accepting Bitcoin, and the GameStop board of directors has unanimously approved an update to its investment policy to include Bitcoin as one of the company's reserve assets. At the same time, the Oklahoma House of Representatives passed the Strategic Bitcoin Reserve Act, further demonstrating the recognition of Bitcoin by institutions and governments.

值得注意的是，傳統的金融機構越來越接受比特幣，GameStop董事會一致批准了其投資政策的更新，以將比特幣作為公司的儲備資產之一。同時，俄克拉荷馬州眾議院通過了《戰略比特幣儲備法》，進一步證明了機構和政府對比特幣的認可。

In addition, Ripple reached a preliminary settlement agreement with the SEC, and the SEC agreed to refund a $75 million fine, marking the end of the long-term legal dispute between the two parties.

此外，Ripple與SEC達成了初步和解協議，SEC同意退還7500萬美元的罰款，這標誌著雙方之間的長期法律糾紛的結束。

At the macro level, the market generally expects the Fed to shift from quantitative tightening (QT) to quantitative easing (QE), which may inject new liquidity into the financial market. However, Benjamin Cowen, CEO of crypto research firm IntoTheCryptoVerse, reminded that quantitative tightening has not completely ended, but has only reduced its scale from $60 billion per month to $40 billion.

在宏觀水平上，市場通常希望美聯儲從定量收緊（QT）轉變為定量寬鬆（QE），這可能會將新的流動性注入金融市場。但是，加密研究公司IntotheCryptoverse的首席執行官本傑明·科恩（Benjamin Cowen）提醒人們，定量收緊尚未完全結束，但僅將其規模從每月600億美元降低到400億美元。

Furthermore, Goldman Sachs' latest report warned that Trump's upcoming reciprocal tariff policy may cause the market to experience "first collapse and then stability" and violent fluctuations, and the actual tax rate may be twice as high as market expectations.

此外，高盛（Goldman Sachs）的最新報告警告說，特朗普即將到來的相互關稅政策可能會導致市場經歷“首次崩潰，然後穩定”和暴力波動，實際稅率可能是市場預期的兩倍。

Key Data (as of 13:30 HKT on March 26)

關鍵數據（截至3月26日13:30 HKT）

Bitcoin: $87,346.87 (-6.65% year-to-date), daily spot volume $28.634 billion

比特幣：$ 87,346.87（-6.65％至今），每日現貨量286.34億美元

Ethereum: $2,055.65 (-38.48% year-to-date), with a daily spot volume of $11.309 billion

以太坊：$ 2,055.65（-38.48％至今），每日現貨量為113.30億美元

Fear of corruption index: 47 (neutral)

恐懼腐敗指數：47（中立）

Average GAS: BTC 1.4 sat/vB, ETH 0.36 Gwei

平均氣體：BTC 1.4 SAT/VB，ETH 0.36 GWEI

Market share: BTC 60.7%, ETH 8.7%

市場份額：BTC 60.7％，ETH 8.7％

Upbit 24-hour trading volume ranking: MOVE, XRP, LAYER, BTC, CRO

UPBIT 24小時交易量排名：Move，XRP，Layer，BTC，CRO

24-hour BTC long-short ratio: 1.0496

24小時BTC長短比：1.0496

Sector ups and downs: Meme sector rose 4.74%, Layer2 sector rose 4.62%

行業起伏：模因行業上漲4.74％，第2層行業上漲了4.62％

24-hour liquidation data: A total of 78,970 people

24小時清算數據：共有78,970人