2024年全球Web3區塊鏈生態系統回顧及2025年展望

在加密產業的發展史上，2024年留下了濃墨重彩的一筆。這一年，我們見證了區塊鏈技術的不斷突破

2024 was a pivotal year in the evolution of the cryptocurrency industry. Several significant events throughout the year had a profound impact on the market and set the stage for future developments.

2024 年是加密貨幣產業發展的關鍵一年。全年發生的幾起重大事件對市場產生了深遠影響，為未來發展奠定了基礎。

In January, the U.S. Securities and Exchange Commission (SEC) made a historic decision by approving the listing of the first batch of Bitcoin spot exchange-traded funds (ETFs). This marked a turning point in Bitcoin's journey towards the mainstream investment market and highlighted the SEC's shift away from its long-standing tough stance on cryptocurrencies. This decision set the tone for the entire year's developments in the cryptocurrency ecosystem.

今年1月，美國證券交易委員會（SEC）做出歷史性決定，批准首批比特幣現貨交易所交易基金（ETF）上市。這標誌著比特幣走向主流投資市場之旅的轉捩點，並凸顯了美國證券交易委員會(SEC)對其長期以來對加密貨幣的強硬立場的轉變。這項決定為全年加密貨幣生態的發展定下了基調。

Continuing the momentum, the Ethereum spot ETF was officially approved by the SEC six months later. This indicated a gradual shift towards a more open regulatory approach in the cryptocurrency domain. On a global scale, the Hong Kong Securities and Futures Commission (SFC) announced in April that it had approved the issuance of Asia's first spot Bitcoin and Ethereum ETFs, further solidifying Hong Kong's status as an international financial hub.

以太坊現貨 ETF 繼續保持這一勢頭，六個月後獲得 SEC 正式批准。這顯示加密貨幣領域正在逐步轉向更開放的監管方式。在全球範圍內，香港證券及期貨事務監察委員會（證監會）4月宣布批准發行亞洲首隻現貨比特幣和以太坊ETF，進一步鞏固香港作為國際金融中心的地位。

Bitcoin experienced its fourth halving in history, also during April. Unlike previous halvings, the market was not particularly optimistic in the lead-up to this event. Some even predicted that the halving could introduce downside risks. However, post-halving, Bitcoin did not experience a sharp decline as anticipated. Instead, it quickly rebounded following a period of volatility. This demonstrated that the market still held a strong preference for Bitcoin's long-term potential, with an increasing number of investors viewing it as digital gold and a safe-haven asset.

比特幣也經歷了史上第四次減半，也是在四月。與之前的減半不同，市場在這次減半前並不是特別樂觀。有些人甚至預測減半可能會帶來下行風險。然而，減半後，比特幣並沒有像預期那樣大幅下跌。相反，它在經歷了一段時間的波動後迅速反彈。這表明市場仍然對比特幣的長期潛力抱有強烈偏好，越來越多的投資者將其視為數位黃金和避險資產。

Throughout 2024, the price of Bitcoin experienced several large-scale fluctuations, often influenced by the actions of various governments. In July, the German government sold all of its Bitcoin holdings, missing out on more than $2 billion in potential profits. This sparked discussions within the market about digital currency management and strategies. Later in August, monetary policy changes by the Bank of Japan caused widespread market turbulence, leading to circuit breakers being triggered in the Japanese and Korean stock markets. Investors pulled out of the stock market to avoid risks, causing Bitcoin and other digital assets to experience drastic price movements. Finally, in September, the Federal Reserve began a rate-cutting cycle, marking the commencement of a shift in the global market. These events showcased the increasing correlation between cryptocurrencies and the global macroeconomy.

在整個 2024 年，比特幣的價格經歷了幾次大規模波動，通常受到各國政府行為的影響。 7 月份，德國政府出售了全部的比特幣，錯失了超過 20 億美元的潛在利潤。這引發了市場內部關於數位貨幣管理和策略的討論。 8月下旬，日本央行貨幣政策變化引發市場大規模震盪，導致日韓股市熔斷。投資人為了規避風險紛紛退出股市，導致比特幣等數位資產價格出現劇烈波動。最後，聯準會在9月開始了降息週期，標誌著全球市場轉變的開始。這些事件顯示加密貨幣與全球宏觀經濟之間的相關性日益增強。

Trump remained a central topic of discussion in 2024. At the Bitcoin 2024 conference held in July, Trump pledged to include Bitcoin in the U.S. strategic reserve if he were to be re-elected as president. In November, Trump emerged victorious in the election, becoming the first U.S. president in history to openly support cryptocurrency. His re-election brought substantial benefits to the crypto industry. Driven by his political influence, the price of Bitcoin continued to soar. On December 5, Bitcoin breached the $100,000 mark for the first time, setting a new record high. This historic achievement not only highlighted Bitcoin's status as digital gold but also demonstrated how cryptocurrency, as a new asset class, was gradually transforming the global financial landscape. Despite the current correction in the Bitcoin price, Trump and the new SEC chairman are preparing to take office and may swiftly introduce crypto-friendly measures. The market anticipates that the Federal Reserve will reduce interest rates twice between February and May of next year, at which point the market may experience a staged peak. With policies becoming clearer and the market maturing, Bitcoin's future prospects are promising, and more investors and institutions are expected to join this investment wave. Ultimately, the potential of the cryptocurrency market is being fully realized.

川普仍然是 2024 年討論的中心話題。 11 月，川普在選舉中獲勝，成為史上第一位公開支持加密貨幣的美國總統。他的連任為加密產業帶來了實質的好處。在他的政治影響力推動下，比特幣價格持續飆升。 12月5日，比特幣首次突破10萬美元大關，創下歷史新高。這項歷史性成就不僅凸顯了比特幣作為數位黃金的地位，也展示了加密貨幣作為一種新的資產類別正在逐步改變全球金融格局。儘管目前比特幣價格出現調整，但川普和新任 SEC 主席正準備上任，並可能迅速推出加密貨幣友善措施。市場預計聯準會將在明年2月至5月期間兩度降息，屆時市場可能會出現階段性見頂。隨著政策的日趨明朗和市場的成熟，比特幣的未來前景被看好，預計會有更多的投資者和機構加入這股投資浪潮。最終，加密貨幣市場的潛力正在充分發揮。

Huobi HTX noted that 2024 was a crucial year for crypto assets to truly enter the mainstream. With the gradual recovery of the global economy and the relaxation of crypto regulatory policies, the integration of traditional finance and digital asset markets became closer. This marked the increasing maturity of the crypto industry, and more institutions began to recognize and invest in this sector. Against this backdrop, Bitcoin's nearly 140% increase this year was certainly not a coincidence. Such growth ignited the enthusiasm of global investors, provided a strong impetus for boosting the crypto market, and brought about unprecedented opportunities.

火幣HTX指出，2024年是加密資產真正進入主流的關鍵一年。隨著全球經濟的逐步復甦和加密貨幣監管政策的放鬆，傳統金融與數位資產市場的整合變得更加緊密。這標誌著加密產業日趨成熟，更多機構開始認可並投資該領域。在此背景下，比特幣今年有近140%的漲幅當然不是巧合。這種成長點燃了全球投資者的熱情，為加密貨幣市場的繁榮提供了強勁動力，帶來了前所未有的機會。

Looking ahead to 2025, the report anticipates that blockchain technology innovation will usher in a new round of爆発 as the global regulatory environment matures. The rapid development of various infrastructures and innovative applications signifies that the crypto industry will encounter broader development opportunities. The next few years will be a critical period for the crypto industry to accelerate development, continuously iterate technology, and widely普及 innovation.

展望2025年，報告預計，隨著全球監管環境的成熟，區塊鏈技術創新將迎來新一輪爆發。各類基礎設施和創新應用的快速發展，預示著加密產業將迎來更廣闊的發展機會。未來幾年將是加密產業加速發展、不斷迭代技術、廣泛普及創新的關鍵時期。

Huobi HTX focused on analyzing the crypto-friendly policies that may be brought about by Trump's inauguration. Two important bills, the FIT21 Act and the Bitcoin Strategic Reserve Act, are expected to be passed more quickly under Trump's promotion. The former, by dividing tokens into digital assets and digital commodities, transfers the supervision

火幣HTX重點分析了川普就職可能帶來的加密貨幣友善政策。 《FIT21法案》和《比特幣戰略儲備法案》兩項重要法案在川普的推動下有望更快獲得通過。前者將代幣分為數位資產和數位商品，將監管轉移