從2月24日至28日，由於美國總統唐納德·特朗普（Donald Trump）重新激發了對“關稅戰爭”的擔憂，虛擬資產市場表現出弱點。

由研究所。 2021年2月28日更新。從2月24日至28日，虛擬資產市場表現出弱點

From February 24 to 28, the U.S. "Trump 2nd Administration"'s concerns over a ‘tariff war’ and last weekend’s hacking incident at Bybit, the world’s second-largest exchange, pushed the virtual asset market further down. Experts advise that premature investment should be approached with caution for the time being.

從2月24日至28日，美國對“關稅戰爭”的擔憂以及上週末在世界第二大交易所Bybit的黑客事件的擔憂，將虛擬資產市場進一步推動。專家建議，應暫時謹慎進行早產投資。

As of 5 p.m. on the 28th of last month, the price of Bitcoin was recorded at $78,896 per coin, showing a 19.7% decrease from a week earlier. This marks the first time Bitcoin has fallen below $80,000 since November of last year. In a similar vein, the price of Ethereum, the leader among altcoins, decreased by 24% from a week earlier to $2,095. Moreover, most altcoins, including Ripple, BNB, and Solana, plummeted by 13% to 27%.

截至上個月28日下午5點，比特幣的價格為每枚硬幣78,896美元，顯示比一周前下降19.7％。這標誌著比特幣自去年11月以來的第一次低於80,000美元。同樣，以太坊（Altcoins中的領導者）的價格從一周前下降了24％，至2,095美元。此外，大多數Altcoins，包括Ripple，BNB和Solana，下降了13％至27％。

This is attributed to concerns over a tariff war triggered by the "Trump 2nd Administration" affecting investor sentiment towards risk assets. President Trump previously expressed his intention to impose a 25% tariff on steel and aluminum from Canada and Mexico. Additionally, trade tensions escalated as China announced retaliatory tariffs. Now, the emergence of stagflation, where inflation and an economic recession occur simultaneously, is becoming a concern.

這歸因於對“特朗普第二屆政府”觸發的關稅戰爭的擔憂，影響了投資者對風險資產的情緒。特朗普總統此前表示，他打算對加拿大和墨西哥的鋼鐵和鋁徵收25％的關稅。此外，隨著中國宣布報復性關稅，貿易緊張局勢升級。現在，通貨膨脹和經濟衰退同時發生的街道浮靈的出現已成為一個問題。

Choi Seung-ho, a researcher at the Research Institute, remarked, "As the U.S.-led trade disputes continue, selling pressure driven by risk aversion is intensifying." He further added, "There is a possibility of a rebound buying trend focused on the assets that have plummeted, but caution is needed as the short- to medium-term downward trend has not reversed yet."

研究所的研究人員尚榮（Choi Seung-ho）表示：“隨著美國領導的貿易糾紛的繼續，銷售由風險規避驅動的壓力正在加劇。”他進一步補充說：“可能會出現反彈的購買趨勢，集中在已經暴跌的資產上，但由於短期至中期的下降趨勢尚未逆轉，因此需要謹慎。”

◇ Bybit faces largest hacking incident in history… $1.4 billion worth of Ethereum stolen

the bybit面臨歷史上最大的黑客事件…價值14億美元的以太坊被盜

On the 21st of last month, global virtual asset exchange Bybit suffered a hacking attack resulting in the theft of $1.46 billion (about 1.9 trillion won) worth of Ethereum. This hacking incident is suspected to be the work of the North Korean hacker group "Lazarus." Bybit has decided to directly purchase the stolen Ethereum to recover its assets.

上個月21日，全球虛擬資產交易所Bybit遭受了黑客攻擊，導致價值14.6億美元（約1.9萬億韓元）的以太坊盜竊。懷疑這一黑客事件是朝鮮黑客組織“拉撒路”的工作。 Bybit已決定直接購買被盜的以太坊以收回其資產。

As a result of this incident, the use of personal wallets (cold wallets) and decentralized finance (DeFi) is being considered as an alternative. However, experts advise that cautious choices are necessary depending on the investor's capabilities. While cold wallets allow for the secure storage of assets, losses incurred due to personal responsibilities, such as losing seed phrases or transfer mistakes, are difficult to recover from. Decentralized exchanges also carry hacking risks, and there is no means to receive compensation in case of losses.

由於這一事件，使用個人錢包（冷錢包）和分散融資（DEFI）被視為替代方案。但是，專家建議，根據投資者的能力，謹慎的選擇是必要的。儘管冷錢包允許資產的安全存儲，但由於個人責任而造成的損失，例如失去種子短語或轉移錯誤，很難從中恢復過來。分散的交易所也具有黑客風險，如果虧損，則沒有任何賠償。

◇ Trump's meme coin controversy… Need for virtual asset regulation highlighted

◇特朗普的模因硬幣爭議…需要虛擬資產法規強調

President Donald Trump has issued the 'Official Trump' token, escalating the debate surrounding the legal status of meme coins. Ahead of his inauguration, President Trump unveiled the virtual asset 'Official Trump' via his social media (SNS). The coin skyrocketed to $75 just a day after its release, briefly placing its market capitalization at 20 trillion won.

唐納德·特朗普（Donald Trump）總統發布了“官方特朗普”代幣，升級了有關模因硬幣法律地位的辯論。在就職典禮之前，特朗普總統通過其社交媒體（SNS）推出了虛擬資產“官方特朗普”。該硬幣在發布後的一天僅飆升至75美元，將其市值放在20萬億韓元時。

In response to this, the Democratic Party in the U.S. House of Representatives is pushing a bill to prohibit public officials from issuing virtual assets. The bill, named the "Unpaid Official Web3 Issuance and Recovery Act," aims to ban the president, vice president, federal congressional members, and senior government officials from issuing, selling, holding, or profiting personally from any virtual asset. It is also proposed to recover any gains made through such activity.

為此，美國眾議院的民主黨正在推動一項法案，以禁止公職人員發行虛擬資產。該法案旨在禁止總統，副總統，聯邦國會議員和高級政府官員從任何虛擬資產發行，出售，持有或從任何虛擬資產中親自獲利。還建議恢復通過此類活動所取得的任何收益。

Representative Sam Ricardo, who introduced the bill, criticized President Trump for exploiting finances by issuing meme coins and engaging in cryptocurrency speculation. He stated, "Political authority should not be used to pursue personal gains. Especially in today's society, where the economy is rapidly changing and new technologies are emerging, government officials should set an example with integrity and focus on serving the public interest."

介紹該法案的代表薩姆·里卡多（Sam Ricardo）批評特朗普總統通過發行模因硬幣並參與加密貨幣投機來利用財務。他說：“政治權威不應被用來追求個人收益。尤其是在當今社會，經濟正在迅速變化，而新技術正在出現，政府官員應樹立榜樣，並專注於為公共利益服務。”

On the other hand, the Securities and Exchange Commission (SEC) under the U.S. Treasury has issued guidelines classifying meme coins as "collectibles," indicating an intent to ease regulatory burdens. The corporate finance office explained in a statement that meme coins do not fall under securities laws, thus not subjecting their issuance and trading to securities law.

另一方面，美國財政部的證券交易委員會（SEC）已發布了將模因硬幣歸類為“收藏品”的準則，表明有意減輕監管負擔。公司財政辦公室在一份聲明中解釋說，模因硬幣不屬於證券法，因此不會簽發其發行和交易。

Consequently, holders of meme coins will not be covered by the protections of federal securities laws, and issuers are exempt from registration obligations. However, those who sell meme coins with the intent to deceive investors may still be subject to relevant state or federal laws. In addition, issuers will still need to comply with applicable state property, banking, and money services business laws.

因此，模因硬幣的持有人不會受到聯邦證券法的保護，並且發行人免於註冊義務。但是，那些出售有意欺騙投資者的模因硬幣的人仍然可能受到相關的州或聯邦法律的約束。此外，發行人仍然需要遵守適用的州財產，銀行和貨幣服務商業法。

The virtual asset industry reports that the controversy surrounding President Trump's issuance of meme coins has again highlighted the need for legal oversight and regulation. A representative from the Research Institute stated, "Speculative assets like meme coins are falling into regulatory blind

虛擬資產行業報告說，圍繞特朗普總統發行模因硬幣的爭議再次強調了對法律監督和法規的需求。研究機構的一位代表說：“諸如模因硬幣之類的投機資產正在陷入監管盲人