爆炸性創新和監管轉變動搖了加密貨幣領域

加密生態系統不斷發展並取得重大進展，包括：香港批准比特幣和以太坊ETF、以以太坊為首的DeFi 活動復甦、幣安在中心化交易市場的主導地位、Solana 應對擁堵的更新、比特幣減半事件、比特幣減半事件的出現等。這些事件塑造了行業格局並影響利益相關者，展示了加密貨幣生態系統的動態和變革性質。

Cryptocurrency Ecosystem: A Battleground of Innovation and Regulatory Shifts

加密貨幣生態系統：創新與監管轉變的戰場

The ever-evolving cryptocurrency ecosystem witnessed a flurry of significant developments this week, ranging from groundbreaking announcements to technological advancements and regulatory upheavals. These events continue to shape the landscape of digital assets, highlighting both the limitless potential and challenges that lie within this transformative industry.

不斷發展的加密貨幣生態系統本週見證了一系列重大發展，從突破性的公告到技術進步和監管動盪。這些事件持續塑造數位資產的格局，凸顯了這個變革性產業的無限潛力和挑戰。

Hong Kong Embraces Crypto ETFs

香港擁抱加密貨幣 ETF

On April 15, 2024, Hong Kong took a major stride in the digital asset realm by approving the first Exchange Traded Funds (ETFs) for Bitcoin and Ethereum. This landmark decision by the Securities and Futures Commission (SFC) positions Hong Kong as a prominent financial hub for cryptocurrencies in Asia. Entities such as China Asset Management, Bosera Asset Management, and HashKey were the first recipients of this new regulation, enabling them to provide regulated and secure crypto investments without requiring investors to physically hold the assets.

2024 年 4 月 15 日，香港批准了首個比特幣和以太坊交易所交易基金 (ETF)，在數位資產領域邁出了一大步。證券及期貨事務監察委員會（證監會）這項具有里程碑意義的決定使香港成為亞洲重要的加密貨幣金融中心。華夏基金、博時基金和HashKey等實體是這項新規定的首批受益者，使他們能夠提供受監管且安全的加密貨幣投資，而無需投資者實際持有資產。

The SFC has implemented strict compliance and surveillance measures for these ETFs to maintain standards of safety and integrity comparable to traditional financial instruments. This initiative reflects Hong Kong's commitment to financial sector innovation while establishing a regulated environment that attracts both institutional and individual investors. This move not only protects investors but also reinforces Hong Kong's position as a global financial and technological hub.

證監會對這些ETF實施了嚴格的合規和監管措施，以維持與傳統金融工具相當的安全和誠信標準。這項措施反映了香港對金融部門創新的承諾，同時建立吸引機構和個人投資者的監管環境。此舉不僅保護投資者，也鞏固香港作為全球金融與科技中心的地位。

Ethereum Catalyzes DeFi Surge

以太坊催生 DeFi 熱潮

The decentralized finance (DeFi) sector experienced a remarkable resurgence in the first quarter of 2024, with a total value locked (TVL) exceeding 100 billion dollars. This rebound was largely driven by initiatives around Ethereum, which played a pivotal role in the sector's recovery from a downturn characterized by declining crypto prices until the end of 2023. The increase in Ethereum's price, coupled with liquidity buyback strategies by key market players, significantly contributed to the reversal of the bearish trend.

去中心化金融（DeFi）產業在 2024 年第一季經歷了顯著復甦，鎖定總價值（TVL）超過 1000 億美元。這種反彈主要是由圍繞以太坊的舉措推動的，以太坊在該行業從2023年底之前加密貨幣價格不斷下降的低迷中復蘇中發揮了關鍵作用。的流動性回購策略，顯著地推動了該行業的復甦。

Staking methods, particularly liquid staking offered by protocols such as Lido, have been instrumental in this recovery. These practices allow users to earn interest on their assets while retaining liquidity. Additionally, innovations like EigenLayer, which enables Ethereum multi-staking, have increased potential yields and attracted substantial investments, propelling the TVL of this protocol to 12 billion dollars in the first quarter of 2024. These advancements exemplify the regained resilience and vibrancy of the DeFi sector.

質押方法，特別是 Lido 等協議提供的流動性質押，在這一復甦中發揮了重要作用。這些做法允許用戶在保留流動性的同時賺取資產利息。此外，EigenLayer 等創新技術實現了以太坊多重質押，增加了潛在收益並吸引了大量投資，推動該協議的 TVL 在 2024 年第一季達到 120 億美元。部門。

Binance Dominates Expanding Crypto Market

幣安主導著不斷擴大的加密貨幣市場

The cryptocurrency market reached a record market capitalization of 2.9 trillion dollars in the first quarter of 2024, marking a 64.5% increase from the previous quarter. This explosive growth can be attributed to the approval of Bitcoin Spot ETFs in the United States, which drove the price of Bitcoin to a new all-time high of 73,098 dollars. Concurrently, Ethereum experienced a significant increase in restaking activity, especially through the EigenLayer protocol, contributing to a substantial TVL in the DeFi sector.

2024年第一季，加密貨幣市場市值達到創紀錄的2.9兆美元，季增64.5%。這種爆炸性成長可歸因於比特幣現貨ETF在美國的批准，這推動比特幣價格升至73,098美元的歷史新高。同時，以太坊的重新抵押活動顯著增加，特別是透過 EigenLayer 協議，為 DeFi 領域的 TVL 做出了巨大貢獻。

Binance solidified its dominant position in the centralized exchange market, controlling 50% of the market share at the end of March 2024. The continuous influx of new sign-ups and project launches on its platform has propelled the total spot transaction volume to unprecedented levels. Moreover, assets such as Solana's memecoins experienced meteoric growth, increasing market capitalization and revitalizing the NFT sector, where platforms like Magic Eden have gained the upper hand over historical players.

幣安鞏固了在中心化交易所市場的主導地位，截至2024年3月，幣安佔了50%的市場份額。了前所未有的水平。此外，Solana 的 memecoin 等資產經歷了飛速增長，市值不斷增加，並重振了 NFT 領域，其中 Magic Eden 等平台比歷史參與者佔據了上風。

Solana's Crucial Update Against Congestion

Solana 針對擁塞的重要更新

Solana has recently launched a significant update to its mainnet, version 1.17.31, aimed at effectively combating persistent network congestion issues. This update introduces the Stake-Weighted Quality of Service (SWQOS) feature, which prioritizes transactions from staked validators, allocating 80% of the processing capacity to this prioritization. This innovation promises to significantly improve network performance by reserving the remaining 20% for general transactions, thus allowing more efficient and equitable operation handling.

Solana 最近對其主網進行了重大更新，版本為 1.17.31，旨在有效解決持續存在的網路擁塞問題。此更新引入了權益加權服務品質 (SWQOS) 功能，該功能會對來自權益驗證器的交易進行優先排序，並將 80% 的處理能力分配給此優先順序。這項創新有望透過保留剩餘的 20% 用於一般交易來顯著提高網路效能，從而實現更有效率、更公平的營運處理。

This update is expected not only to improve transaction reliability and smoothness for all users but also to strengthen stability for developers on the Solana blockchain. Anza, a company from Solana Labs, strongly encourages validators to adopt this update to fully benefit from the improvements, with plans already in preparation for subsequent versions like 1.18, which will continue to optimize network performance management. This series of updates could well be a turning point for Solana.

此次更新不僅有望提高所有用戶的交易可靠性和流暢性，還將增強 Solana 區塊鏈開發人員的穩定性。 Solana Labs 旗下公司 Anza 強烈鼓勵驗證者採用此更新，以充分受益於改進，並已計劃為 1.18 等後續版本做準備，該版本將繼續優化網路效能管理。這一系列更新很可能成為 Solana 的轉捩點。

Bitcoin Halving 2024: A Completed Event

2024 年比特幣減半：已完成的事件

The highly anticipated Bitcoin halving took place on April 20, 2024, marking a major event in the world of cryptocurrencies. Miners' rewards for each mined block were cut in half, from 6.25 to 3.125 BTC. This event significantly decreases the number of new bitcoins generated each day, from 900 to 450 bitcoins. Historically, halvings tend to lead to significant price increases due to the reduced supply against sustained demand. This phenomenon is anticipated by many experts who envision a new bullish cycle for bitcoin. Some even predict that the price could reach 122,000 dollars by the end of 2024, partly due to the influence of institutional capital and the recent success of Bitcoin ETFs.

備受期待的比特幣減半發生在2024年4月20日，這標誌著加密貨幣世界的一件大事。每個開採區塊的礦工獎勵減少了一半，從 6.25 BTC 減少到 3.125 BTC。這一事件使每天產生的新比特幣數量顯著減少，從 900 個比特幣減少到 450 個比特幣。從歷史上看，減半往往會導致價格大幅上漲，因為供應減少而需求持續成長。許多專家都預見了這種現象，他們預期比特幣將迎來新的看漲週期。有些人甚至預測，到 2024 年底，價格可能會達到 122,000 美元，部分原因是機構資本的影響以及比特幣 ETF 最近的成功。

In addition to the immediate implications for prices, the halving symbolizes four years of remarkable progress for Bitcoin since its last halving in 2020. Bitcoin adoption has exploded, as evidenced by a 40% increase in daily trading volumes and a multiplication of bitcoin holder addresses. These developments highlight not only the growing interest in Bitcoin but also its consolidation as a credible and increasingly mainstream investment asset.

除了對價格的直接影響外，減半還象徵著比特幣自2020 年上次減半以來四年來取得的顯著進步。持有者地址倍增就證明了這一點。這些事態發展不僅凸顯了人們對比特幣日益增長的興趣，也凸顯了它作為可靠且日益主流的投資資產的地位。

Runes Shakes the Bitcoin Network After the Halving

減半後符文震撼比特幣網絡

The launch of the Runes protocol has caused significant congestion on the Bitcoin network, particularly noticeable immediately after the halving on April 20, 2024. Indeed, the Halving coincided with the adoption of the Runes protocol, which dramatically increased transaction fees to a peak of 18.62 BTC. This situation is simply the result of intense competition between users and mining pools to record rare assets on the first block mined after the new protocol launch, block 840,000, which cost 37.7 BTC in transaction fees, a historic record.

Runes 協議的推出導致比特幣網路嚴重擁堵，尤其是在 2024 年 4 月 20 日減半之後。這種情況只是用戶和礦池之間激烈競爭的結果，在新協議推出後開採的第一個區塊840,000區塊上記錄稀有資產，交易費用為37.7 BTC，創歷史記錄。

The economic impact of Runes on the network has engendered a new dynamic which, according to some users, could offset the reduction in mining rewards due to the halving.

符文對網路的經濟影響產生了一種新的動態，據一些用戶稱，這可以抵消由於減半而導致的採礦獎勵的減少。

XRP: A Staggering Ascent of 1,500%

XRP：驚人上漲 1,500%

XRP has witnessed a spectacular increase of 1,500% over its seven years of existence, according to David Schwartz of Ripple, who is delighted with the recent performance of this crypto. Since its inception in 2012, XRP has navigated the highs and lows of the market, including a historic peak of 3.84 dollars in January 2018, followed by a significant drop due to the bursting of the speculative bubble. Despite these fluctuations and legal challenges, notably a lawsuit by the SEC in 2020, XRP has maintained its position among the top ten cryptocurrencies in terms of market capitalization.

Ripple 的 David Schwartz 表示，XRP 在其存在的七年裡已經實現了 1,500% 的驚人增長，他對這種加密貨幣最近的表現感到非常滿意。自 2012 年誕生以來，XRP 經歷了市場的高點和低點，包括 2018 年 1 月達到 3.84 美元的歷史峰值，隨後由於投機泡沫的破裂而大幅下跌。儘管存在這些波動和法律挑戰，特別是 2020 年 SEC 的訴訟，XRP 仍保持其市值排名前十的加密貨幣的地位。

Recently, XRP has shown signs of recovery, with a 3.12% increase in 24 hours. This resilience may signal rebound potential, supported by the optimism of figures like David Schwartz, who remains confident in the future of XRP despite regulatory hurdles. Meanwhile, bold predictions, such as Javon Marks of CryptoGains', suggest that XRP could reach up to 288 dollars, although these projections remain speculative in an often unpredictable and volatile market.

近期XRP出現回升跡象，24小時漲幅3.12%。這種彈性可能預示著反彈的潛力，得到了 David Schwartz 等人物樂觀情緒的支持，儘管存在監管障礙，他仍然對 XRP 的未來充滿信心。同時，CryptoGains 的 Javon Marks 等大膽預測表明 XRP 可能會達到 288 美元，儘管這些預測在一個經常不可預測且波動的市場中仍然具有投機性。

Conclusion

結論

This week's events serve as a microcosm of the ever-evolving nature of the cryptocurrency ecosystem. From ground

本週的事件是加密貨幣生態系統不斷發展的縮影。從地面