加密貨幣市場迎來 2025 年充滿活力的開端，關鍵事件將重塑市場情緒和交易量

從聯準會的宏觀經濟決策到協議更新和法律程序，以下是需要投資者密切關注的關鍵事態發展

Crypto markets are poised for a dynamic start to the new year, with a series of pivotal events set to reshape sentiment and trading volumes. From macroeconomic decisions by the Federal Reserve to protocol updates and legal proceedings, here are the key developments demanding close attention from investors:

加密貨幣市場即將迎來新的一年的充滿活力的開端，一系列關鍵事件將重塑市場情緒和交易量。從聯準會的宏觀經濟決策到協議更新和法律程序，以下是需要投資者密切關注的關鍵進展：

#1 Crypto Awaits The FOMC Minutes Release (January 8)

#1 加密貨幣等待 FOMC 會議紀錄發布（1 月 8 日）

On Wednesday, the minutes from December’s Federal Open Market Committee (FOMC) meeting are scheduled for release, offering insights into policymakers’ deliberations and possible hints at upcoming rate decisions. The minutes will shed light on the Federal Reserve’s latest approach to controlling inflation while supporting economic stability.

週三，聯邦公開市場委員會 (FOMC) 12 月會議記錄將於週三公佈，其中將提供有關政策制定者審議情況的見解以及對即將做出的利率決定的可能暗示。會議紀要將揭示聯準會在支持經濟穩定的同時控制通膨的最新方法。

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Crypto Trader Nets $17 Million From AI Coins: Here’s What He’s Buying Now

加密貨幣交易者從 AI 硬幣中淨賺 1700 萬美元：這就是他現在購買的東西

The Fed cut US interest rates three consecutive times after a heated debate in late 2024, though it reduced its forecast for total annual rate cuts this year from four down to two. Investors also recall Fed Chair Jerome Powell’s statement that “the decision to cut rates was a close call.” This underscores the importance of the forthcoming minutes for anyone looking to gauge how hawkish or dovish the central bank may become throughout 2025.

經過2024年底的激烈爭論，聯準會連續三次降息，但將今年的年度降息總量預期從四次下調至兩次。投資人還記得聯準會主席鮑威爾的聲明，即「降息決定是千鈞一髮」。這凸顯了即將發布的會議記錄對於任何想要衡量央行在 2025 年可能變得鷹派或鴿派程度的人的重要性。

#2 THORChain’s Base Integration

#2 THORChain 的基礎集成

Cross-chain liquidity platform THORChain has confirmed it will begin supporting Base—currently the largest Layer 2 by volume—next week. According to THORChain’s development updates, this integration enables more efficient ETH-BTC swaps by circumventing Ethereum’s mainnet congestion and unlocking new liquidity avenues through cbBTC. Market observers anticipate a notable uptick in trading volume as the community takes advantage of cheaper ETH-BTC swaps and expanded cross-chain capabilities.

跨鏈流動性平台 THORChain 已確認將於下週開始支援 Base——目前交易量最大的 Layer 2。根據 THORChain 的開發更新，這種整合透過規避以太坊主網擁塞並透過 cbBTC 釋放新的流動性途徑，實現更有效率的 ETH-BTC 交換。市場觀察家預計，隨著社區利用更便宜的 ETH-BTC 互換和擴展的跨鏈功能，交易量將顯著增加。

#3 Jupiter’s Airdrop Checker

#3 Jupiter 的空投檢查器

Jupiter, a leading Solana-based decentralized exchange (DEX) aggregator is expected to release its airdrop eligibility checker this week. This event is part of “Jupuary,” a multi-year airdrop initiative slated for January 2025 and 2026, during which the protocol will distribute a total of $700 million worth of JUP tokens to its user base.

Jupiter 是一家基於 Solana 的領先去中心化交易所 (DEX) 聚合商，預計本週發布其空投資格檢查器。此次活動是「Jupuary」的一部分，「Jupuary」是一項定於2025 年1 月和2026 年進行的多年空投計劃，在此期間，該協議將向其用戶群分發價值總計7 億美元的JUP代幣。

The project has declared that this airdrop aims to “grow the pie,” broadening the Jupiter community and boosting participation in one of the world’s most significant decentralized autonomous organizations. Additionally, Jupiter’s Castanbul conference in late January will feature the live burning of 30% of the token’s supply.

該計畫宣稱，此次空投的目的是“把蛋糕做大”，擴大 Jupiter 社區並促進對世界上最重要的去中心化自治組織之一的參與。此外，1 月底的 Jupiter Castanbul 會議將現場銷毀 30% 的代幣供應量。

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Altcoins Surge As Crypto Market Kicks Off 2025 On A High Note

隨著加密貨幣市場 2025 年的高調拉開序幕，山寨幣激增

#4 USUAL Fee Switch Activation (January 7)

#4 通常費用轉換啟動（1 月 7 日）

In the decentralized finance (DeFi) arena, the USUAL ecosystem is set to activate its fee switch on January 7, 2025. This marks a pivotal transformation: holders of USUAL who stake their tokens will start receiving a share of the protocol’s revenue. By directly rewarding stakers with transaction fees, the protocol hopes to foster a more robust and participatory user base.

在去中心化金融(DeFi) 領域，USUAL 生態系統將於2025 年1 月7 日啟動其費用開關。 。透過直接向利害關係人獎勵交易費，該協議希望培養更強大、更具參與性的用戶群。

#5 Do Kwon’s Second US Hearing (January 8)

#5 Do Kwon 在美國舉行的第二次聽證會（1 月 8 日）

Terra founder Do Kwon faces a critical juncture in his legal battle with US authorities, with his second hearing scheduled for January 8. Having been extradited to the United States, Kwon now faces a maximum penalty of 130 years in prison if convicted on the extensive fraud charges detailed in the Department of Justice’s 79-page indictment.

Terra 創辦人Do Kwon 在與美國當局的法律鬥爭中面臨關鍵時刻，第二次聽證會定於1 月8 日舉行。年監禁的處罰司法部 79 頁的起訴書詳細列出了指控。

The DOJ’s case adds new layers of allegations beyond those examined in the SEC’s civil proceedings, including accusations that Kwon acted with explicit criminal intent to mislead investors. As prosecutors build their argument around five alleged fraud schemes, among others, falsely advertising Terra’s stability, manipulating the Luna Foundation Guard and falsifying Terra’s use by Chai.

美國司法部的案件在 SEC 民事訴訟中審查的指控之外增加了新的指控，包括指控 Kwon 的行為具有明顯的犯罪意圖，以誤導投資者。檢察官圍繞著五項涉嫌詐欺計劃展開論證，其中包括虛假宣傳 Terra 的穩定性、操縱 Luna 基金會守衛以及偽造 Chai 對 Terra 的使用。

#6 GMX Trading Fees Reduction (January 6)

#6 GMX 交易費用下調（1 月 6 日）

Derivatives-focused exchange GMX is taking a notable step to encourage higher trading volumes by lowering fees across all markets. Effective January 6, 2025, GMX will cut open and close fees from 5 basis points (bps) and 7 bps to 4 bps and 6 bps, respectively. The team stated via X: “To kick off 2025 in style, GMX is reducing trading fees across all markets! Starting this Monday, January 6, the open and close fees for all positions will decrease from 5 bps / 7 bps to 4 bps / 6 bps.”

專注於衍生性商品的交易所 GMX 正在採取重大舉措，透過降低所有市場的費用來鼓勵更高的交易量。自 2025 年 1 月 6 日起，GMX 將開盤和收盤費用分別從 5 個基點 (bps) 和 7 個基點削減至 4 個基點和 6 個基點。團隊透過 X 表示：「為了以時尚的方式開啟 2025 年，GMX 正在降低所有市場的交易費用！從 1 月 6 日星期一開始，所有頭寸的開倉和平倉費用將從 5 bps / 7 bps 降至 4 bps / 6 bps。

However, rather than a blanket rate of 4.5 bps, the new structure introduces a sliding scale: traders who enter positions that improve the balance between longs and shorts pay the lower 4 bps fee, while those that heighten imbalances pay 6 bps. According to GMX, “This adjustment ensures balanced open interest, which in turn keeps funding fees and price impact low.”

然而，新結構不是採用4.5 個基點的統一費率，而是引入了浮動比例：建立改善多頭和空頭之間平衡的頭寸的交易者支付較低的4 個基點費用，而那些加劇失衡的交易者支付6 個基點。 GMX 表示，“這項調整確保了持倉量的平衡，從而使融資費用和價格影響保持在較低水平。”

Simultaneously, GMX has updated liquidation fees to 20 bps for asset-backed markets and 30 bps for synthetic markets.

同時，GMX 已將資產支援市場的清算費用更新為 20 個基點，將合成市場的清算費用更新為 30 個基點。