“三巨頭”加密貨幣今天正在移動

“三巨頭”加密貨幣今天正在移動。比特幣（BTC 4.14％），以太坊（ETH 6.55％）和Dogecoin（Doge 5.18％）上漲2.9％，7.3％和3％

The "big three" cryptocurrencies are on the move today. Bitcoin (BTC 4.14%), Ethereum (ETH 6.55%), and Dogecoin (DOGE 5.18%) are up 2.9%, 7.3%, and 3%, respectively, as of 2:30 p.m. ET. Earlier in the day, however, they were up as much as 3.6%, 8.7%, and 4.7%, respectively.

“三巨頭”加密貨幣今天正在移動。截至美國東部時間，比特幣（BTC 4.14％），以太坊（ETH 6.55％）和Dogecoin（Doge 5.18％）分別上漲了2.9％，7.3％和3％。但是，當天早些時候，它們的上升幅度分別高達3.6％，8.7％和4.7％。

The S&P 500 is up 0.8% and the Nasdaq Composite is up 1.1%.

標準普爾500指數上漲0.8％，納斯達克綜合材料上漲1.1％。

All three cryptocurrencies got a boost from news that the SEC's appeal in its case against XRP would be dropped, a major step that confirms the Trump administration's softer approach to crypto regulation, boosting the whole market.

這三項加密貨幣都從新聞中得到了推動，即SEC對XRP的上訴將被撤銷，這是確認特朗普政府對加密貨幣監管的柔和方法的重大步驟，從而促進了整個市場。

SEC backs off

SEC退出

Ripple, the company behind XRP, announced that the SEC is abandoning its appeal in the long-running legal battle against the company. The case dates back to 2020 when the SEC sued Ripple for allegedly selling unregistered securities. Ripple scored a partial victory last year when a judge ruled XRP wasn't a security when sold to retail investors -- though institutional sales were different. The SEC appealed this decision, but now, after a change in leadership, the regulator is dropping its appeal.

XRP背後的公司Ripple宣布，SEC將在與公司長期進行的法律鬥爭中放棄上訴。該案可以追溯到2020年，當時SEC涉嫌出售未註冊證券的Ripple。去年，當法官裁定XRP並不是出售給零售投資者的安全性時，Ripple取得了部分勝利，儘管機構銷售有所不同。 SEC對這一決定提出上訴，但現在，在改變領導力之後，監管機構正在放棄其吸引力。

This development comes amid a sweeping reversal of the previous administration's crypto crackdown. The SEC recently ended its case against Coinbase Global (NASDAQ:COIN) and closed investigations into several crypto companies, scaling back enforcement and declaring meme coins aren't securities. It's clear that the Trump administration's SEC will not take a hard line in regulating the nascent industry; investors reacted positively.

這一發展是在對上屆政府加密鎮定鎮壓的徹底逆轉之中。 SEC最近結束了對Coinbase Global（NASDAQ：COIN）的案件，並封閉了對幾家加密公司的調查，縮減執法並宣布Meme Coins不是證券。顯然，特朗普政府的SEC在規範新生行業方面不會艱難。投資者做出積極的反應。

Ethereum's Stablecoin dominance continues

以太坊的穩定統治繼續

The crypto market has seen some turbulence in the last few months. However, stablecoins like USDC have seen remarkable inflows of capital. The coins, which are fixed in value, are growing in popularity as a sort of digital cash. Most stablecoins exist on a parent blockchain and Ethereum dominates the space.

在過去的幾個月中，加密貨幣市場有些動盪。但是，像USDC這樣的Stablecoins看到了大量的資本流入。價值固定的硬幣作為一種數字現金正在流行。大多數穩定菌都存在於父鏈上，以太坊都占主導地位。

It was reported yesterday that Ethereum's four-month average trading volume for these stablecoins reached $850 billion. The continued dominance shows Ethereum is still holding its lead as the preferred "smart contract" blockchain as others have proliferated.

據報導，這些穩定幣的平均四個月的平均交易量達到8500億美元。持續的主導地位表明，以太坊仍然保持領先地位，因為其他人已經激增，因此首選的“智能合同”區塊鏈。

Dogecoin's new sponsorship

Dogecoin的新贊助

The House of Doge and Dogecoin Foundation, organizations that support and promote the cryptocurrency and meme coin, announced a new partnership today. The two are teaming up with IndyCar driver Devlin DeFrancesco and Rahal Letterman Lanigan Racing to bring Dogecoin to the 109th running of the Indianapolis 500.

Doge and Dogecoin基金會，支持和推廣加密貨幣和模因硬幣的組織今天宣布了新的合作夥伴關係。兩人正在與Indycar Driver Devlin Defrancesco和Rahal Letterman Lanigan Racing合作，將Dogecoin帶入印第安納波利斯500的第109場比賽。

The Dogecoin Racing initiative will let fans vote on DeFrancesco's car design for the May 25 race, so long as the iconic Shiba Inu dog is at the center of the design. The partnership will also include a donation platform supporting a cause important to the team.

Dogecoin Racing倡議將使粉絲們在5月25日的比賽中對Defrancesco的汽車設計進行投票，只要標誌性的Shiba Inu狗是設計的中心。合作夥伴關係還將包括一個支持團隊重要事業的捐贈平台。

The Indianapolis 500 draws over 350,000 in-person spectators and many more around the world. Investors see this as an opportunity to boost Dogecoin's profile.

印第安納波利斯（Indianapolis）500人吸引了超過350,000個面對面的觀眾，在世界範圍內吸引了更多人。投資者認為這是提高Dogecoin個人資料的機會。

Macro trends don't look great

宏觀趨勢看起來不太好

The Federal Reserve announced today that there were no changes to the current interest rate plan. The reserve is still projecting modest GDP growth and relatively mild inflation, so fears of a recession or "stagflation" -- little to no GDP growth with high inflation -- were not echoed by Fed Chair Jerome Powell. That's good news for now.

美聯儲今天宣布，當前的利率計劃沒有變化。該保護區仍在預測適度的GDP增長和相對溫和的通貨膨脹，因此對經濟衰退或“停滯”的擔憂 - 幾乎沒有高漲的GDP增長，而高通貨膨脹率很高 - 並未受到美聯儲主席Jerome Powell的回應。這是現在的好消息。

However, Powell has indicated that the current environment makes predicting the future particularly difficult. There is a lot of uncertainty in the market at the moment. So, while recent developments helped boost the big three cryptocurrencies, they are still volatile assets, especially Dogecoin, a meme coin. They are highly sensitive to broader economic conditions and rising uncertainty. A looser regulatory environment could be offset by the uncertainty Trump's trade tariffs and foreign policy bring.

但是，鮑威爾表示，當前的環境使預測未來特別困難。目前，市場上有很多不確定性。因此，儘管最近的發展有助於提高三巨頭的加密貨幣，但它們仍然是波動的資產，尤其是模因硬幣Dogecoin。它們對更廣泛的經濟狀況和不確定性的增加非常敏感。寬鬆的監管環境可能會被特朗普的貿易關稅和外交政策帶來的不確定性所抵消。