加密貨幣市場回顧：從4月5日至12日起

從4月5日至12日，加密貨幣市場有一個非常多的一周。儘管市場仍受到美國和中國之間持續的貿易緊張局勢的影響

The cryptocurrency market had quite an eventful week from April 5–12. While the market was still affected by the ongoing trade tensions between the U.S. and China, several key developments happened over the week that are set to impact the market moving forward.

從4月5日至12日，加密貨幣市場有一個非常多的一周。儘管市場仍受到美國和中國之間持續的貿易緊張局勢的影響，但在一周內發生了一些關鍵的發展，這將影響市場的前進。

On Monday we saw the escalation of the trade war between the two most powerful economies in the world. On this date, China announced retaliatory tariffs against the U.S. of 34%, sending stock markets across the globe crashing, including the Hang Seng Index and CSI300 experiencing the biggest daily drop since 2008.

週一，我們看到了世界上兩個最強大的經濟體之間貿易戰的升級。在這個日期，中國宣布對美國的34％的報復性關稅，使全球股票市場墜毀，包括Hang Seng Index和CSI300，這是自2008年以來每日最大的下跌。

The move came in response to President Donald Trump’s decision to raise tariffs on 250 billion worth of Chinese goods from 25% to 34% and widening the net to include another 300 billion in goods.

此舉是為了回應唐納德·特朗普總統決定將價值2500億貨物的關稅從25％提高到34％，並擴大了淨額，其中包括另外3000億貨物。

The crypto market meanwhile saw the launch of the first-ever leveraged XRP ETF, Teucrium 2x Long Daily XRP ETF (XXRP), allowing traditional investors to gain leveraged exposure to the world’s second-largest altcoin by market capitalization.

同時，加密貨幣市場推出了有史以來第一個槓桿XRP ETF，Teucrium 2倍長的每日XRP ETF（XXRP），使傳統投資者通過市場資本化獲得了向世界第二大山寨幣的利用。

After days of hinting at a broader trade deal with China, President Donald Trump announced that he would be postponing tariffs on other nations (except China) and surcharges on U.S. companies that produce goods abroad. The president also said that he hopes to meet Chinese President Xi Jinping at the upcoming G20 summit in Japan.

經過幾天的暗示與中國達成了更廣泛的貿易協定，唐納德·特朗普總統宣布，他將向其他國家（中國除外）推遲關稅，並向美國在國外生產商品的公司收取附加費。總統還說，他希望在即將到來的日本舉行的G20峰會上與中國總統習近平會面。

The move comes after months of tension between the two economic superpowers, which began when President Trump announced plans to impose tariffs on steel and aluminum imports. China responded with tariffs on U.S. goods, escalating the dispute.

此舉是在兩個經濟超級大國之間幾個月的緊張局勢之後進行的，這是特朗普總統宣布計劃對鋼鐵和鋁進口徵收關稅的計劃。中國對美國商品的關稅做出了回應，併升級了爭端。

The tariffs were part of a broader effort by the Trump administration to renegotiate trade deals that it said were unfair to the United States. The administration also imposed sanctions on several Chinese officials and entities over human rights abuses.

關稅是特朗普政府更加努力重新談判貿易協議的一部分，這對美國不公平。政府還對侵犯人權的幾個中國官員和實體實施了製裁。

On Wednesday, U.S. Treasury yields surged to historic levels, with 30-year bonds experiencing their largest weekly climb in four decades. The 10-year yield hit 3.85%, approaching last year’s peaks, as investors accelerated a bond sell-off amid mounting inflation concerns and disruptions in global trade flows.

週三，美國財政部的收益率飆升至歷史水平，其中30年的債券在四十年中經歷了每週最大的攀登。 10年期收益率達到了3.85％，接近去年的峰值，因為投資者在通貨膨脹率不斷增加的問題和全球貿易流動中斷的情況下加速了債券的拋售。

The market would get some reprieve as President Trump announced a postponement of tariffs on other nations (except China). On the same date, Paul Atkins was appointed the new Securities and Exchange Commission Chair, taking Gary Gensler’s place and replacing Acting Chair Mark Uyeda.

當特朗普總統宣布推遲其他國家的關稅（中國除外），市場將受到一些緩刑。在同一日期，保羅·阿特金斯（Paul Atkins）被任命為新的證券交易委員會主席，佔領了加里·蓋斯勒（Gary Gensler）的位置並替換代理主席馬克·烏耶達（Mark Uyeda）。

Market confidence briefly improved on Thursday as the most recent CPI report showed inflation numbers that were lower than anticipated. As investors conjectured that the Federal Reserve could lean toward rate cuts in the upcoming FOMC meeting, Bitcoin initially responded favorably to the news.

週四，市場信心在周四短暫提高，因為CPI的最新報告顯示，通貨膨脹率數量低於預期。當投資者推測聯邦儲備可以在即將舉行的FOMC會議上傾向於削減稅率，比特幣最初對這一消息做出了有益的反應。

This week’s Jobless Claims also revealed better-than-expected numbers, showing that around 226,000 individuals applied for unemployment benefits last week, compared to expectations of 230,000 and a previous week’s figure of 216,000.

本週的失業索賠還顯示出比預期的要好得多，這表明上週約有226,000個人申請了失業福利，而前一周的216,000人的期望為230,000。

On Friday, Ripple and the SEC took a significant step toward resolving their long-standing legal battle by filing a joint motion to stay the appeals of a judge’s ruling that largely favored the SEC. This move follows the appointment of SEC Chairman Paul Atkins, signaling a potential shift in regulatory stance.

週五，Ripple和SEC通過提出聯合動議來確定法官裁決的上訴，這在很大程度上支持SEC。這一舉動是在SEC主席保羅·阿特金斯（Paul Atkins）任命之後的，這表明監管立場的潛在轉變。

The move comes after a federal judge ruled largely in favor of the SEC in April, upholding the agency’s classification of XRP as a security and overturning a ruling on institutional sales. However, Judge Charles Engelmann granted an appeal on a statute of limitations claim regarding an administrative law judge’s 2020 ruling.

此舉是在一名聯邦法官在4月份裁定支持SEC的主要裁定之後，堅持該機構將XRP的歸類為安全，並推翻了對機構銷售的裁決。但是，查爾斯·恩格爾曼法官就有關行政法法官2020年裁決的法規索賠提出了上訴。

The SEC had argued that its classification of XRP was not arbitrary or capricious, and the judge agreed, stating that the SEC sufficiently explained its reasoning for determining that XRP met the Howey Test, a legal standard used to define securities.

SEC辯稱，其對XRP的分類不是任意或反复無常的，法官表示同意，表明SEC充分解釋了其確定XRP符合Howey Test的推理，這是用於定義證券的法律標準。

The SEC’s case focused on the 2013 initial coin offering (ICO) of XRP, with the agency claiming that Ripple sold the cryptocurrency to raise capital for its business ventures.

SEC的案件重點介紹了XRP的2013年初始硬幣產品（ICO），該機構聲稱Ripple出售了加密貨幣以籌集其商業企業的資本。

The case has significant implications for the broader cryptocurrency industry, as it could set precedents for the regulation of other digital assets.

該案件對更廣泛的加密貨幣行業具有重要意義，因為它可以為其他數字資產的規範設定先例。

Donald Trump has signed the first-ever crypto-focused bill into law, overturning an IRS rule that required tax reporting for validators and members of decentralized finance (DeFi) protocols.

唐納德·特朗普（Donald Trump）已簽署了有史以來第一個以加密貨幣為中心的法案，推翻了一項IRS規則，該規則需要為驗證者和分散財務（DEFI）方案的成員進行稅收報告。

The measure, known as an "economic impact statement," was part of a broader bill to extend government funding and avert a shutdown.

該措施被稱為“經濟影響聲明”，是一項更廣泛的法案的一部分，以擴大政府資金並避免關閉。

The move comes after months of lobbying by cryptocurrency groups, who argued that the rule would be a major setback for the industry.

此舉是在加密貨幣集團進行了幾個月的遊說之後，他們認為該規則將是該行業的重大挫折。

The IRS rule, which was introduced last year, stated that cryptocurrency brokers, validators, and DeFi protocol members would be required to report the names, addresses, and Social Security numbers of their clients to the agency.

IRS規則是去年引入的，他指出，將要求加密貨幣經紀人，驗證者和DEFI協議成員將其客戶的姓名，地址和社會安全號碼報告給該機構。

The rule also said that brokers would be required to file an annual return with the IRS, reporting the total value of cryptocurrency

該規則還說，經紀人將被要求向國稅局提交年度申報表，並報告加密貨幣的總價值