2025年以爆炸和模因開始。

比特幣在加密市場中的主導地位和美國政治氣候，將數字資產置於焦點。

The year 2025 kicked off with a bang and a meme. Just weeks into the New Year, a frenzy of politically fueled memecoins sent Crypto Twitter into overdrive, while lawmakers on both sides of the Atlantic turned up the heat on stablecoins, securities laws and tokenized assets, usually with different approaches.

2025年以爆炸和模因開始。新的一年僅幾週後，一大批政治上燃料的紀念物使Crypto Twitter陷入了超速驅動，而大西洋兩邊的立法者通常會採用穩定的股份，證券法和標記資產的熱量，通常採用不同的方法。

It was a whirlwind first quarter, shaped by Bitcoin's (BTC) dominance in the crypto market and a US political climate that put digital assets back in the spotlight. Q1 delivered no shortage of storylines.

這是一個旋風的第一季度，由比特幣（BTC）在加密貨幣市場中的優勢和美國政治氣候塑造，將數字資產恢復正聚焦。第1季度不乏故事情節。

Who better to break it all down than the journalists tracking it in real time? In the latest episode of Decentralize with Cointelegraph, editorial team members sit down for an unfiltered newsroom roundtable.

誰比實時跟踪它更好地分解所有內容？在與Cointelegraph的分散式中心的最新一集中，編輯團隊成員坐下來尋找一個未過濾的新聞編輯室圓桌會議。

Savannah Fortis, head of podcasts and EU reporter, is joined by Gareth Jenkinson, chief of multimedia; Zoltan Vardai, breaking news reporter on the EU news team; and Vince Quill, US news reporter, to reflect on Q1's biggest stories and what they signal for the months ahead.

播客和歐盟記者的主管薩凡納·富斯（Savannah Fortis）與多媒體負責人加雷斯·詹金森（Gareth Jenkinson）一起加入； Zoltan Vardai，歐盟新聞團隊中的新聞記者；美國新聞記者的文斯·奎爾（Vince Quill）反思了第一季度最大的故事及其未來幾個月的信號。

Memecoins, power and perception

成人，權力和感知

As memecoins surged in early 2025, questions regarding their legitimacy and political entanglement intensified. For Cointelegraph's editorial team, the frenzy wasn't just a market quirk, it revealed deep tensions among innovation, opportunism and influence.

隨著Memecoins在2025年初激增，有關其合法性和政治糾纏的問題加劇了。對於Cointelegraph的社論團隊而言，Frenzy不僅是市場怪癖，而且揭示了創新，機會主義和影響力之間的緊張局勢。

Jenkinson was first to comment on what the impact of US President Donald Trump and greater memecoin frenzies may mean for the industry in the long term, saying, "I struggle to still trust what the Trump administration and his group of advisers are doing, when they are launching things like memecoins..."

詹金森（Jenkinson）首先評論了美國總統唐納德·特朗普（Donald Trump）和更大的紀念性狂熱對這個行業的影響，從長遠來看，他說：“我仍然很難相信特朗普政府及其顧問小組在發起諸如Memecoins之類的事情...''之類的事情……”

The team acknowledged that while regulatory clarity and institutional support have created a more stable environment for crypto companies in general since the new administration took office, that progress risks being overshadowed by spectacle.

該團隊承認，儘管新政府上任以來，雖然監管清晰度和機構支持為一般的加密貨幣公司創造了一個更穩定的環境，但這種進步風險被奇觀所掩蓋。

More memes...

更多模因...

Trump's big moves seem to domino into other political figures, namely Argentina's President Javier Milei, to become entangled in a high-profile memecoin controversy that rippled far beyond national politics.

特朗普的重大舉動似乎是多米諾骨牌，即阿根廷總統賈維爾·米利（Javier Milei），即陷入備受矚目的成員爭議中，糾纏於遠遠超出國家政治的爭議。

For an industry seeking legitimacy, this kind of involvement by world leaders sends a mixed message. "It's terrible for the industry," Jenkinson added. "Milei was supposed to be a savior for Argentina after years of hyperinflation. And now he's launching a memecoin with a known rug puller."

對於尋求合法性的行業，世界領導人的這種參與傳達了一個不同的信息。詹金森補充說：“這對行業來說是可怕的。” “經過多年的過度通貨膨脹，麥利本應該是阿根廷的救世主。

Still, the roundtable remained hopeful. "I'm an eternal optimist," he continued. "At least we got the affirmation for Bitcoin. People now understand what it is, governments are starting to hold it. That's how good the fundamentals are."

儘管如此，圓桌會議仍然充滿希望。他繼續說：“我是一個永恆的樂觀主義者。” “至少我們得到了比特幣的肯定。人們現在了解它的含義，政府開始持有它。這就是基本面的良好。”

Stablecoins and the altcoin fallout

Stablecoins和Altcoin輻射

While much attention has centered on Bitcoin's institutional glow-up and the memecoin spectacle, several members of the Cointelegraph team voiced deeper concerns around emerging stablecoin legislation and the quiet moves behind it.

儘管非常關注比特幣的機構發光及Memecoin奇觀，但Cointelegraph團隊的幾個成員對新興的Stablecoin立法及其背後的安靜行動提出了更深刻的關注。

"One thing that I think kind of flew under the radar is that the Trump-linked World Liberty Forum actually launched a US dollar-backed stablecoin in March," Vardai pointed out.

瓦爾代指出：“我認為在雷達下飛行的一件事是，與特朗普有聯繫的世界自由論壇實際上在3月推出了一筆以美元支持的Stablecoin。”

The fallout from politically aligned memecoins has also weighed heavily on the broader crypto markets, particularly altcoins. "Altcoins aren't really winning at all this quarter," Vardai also noted.

政治上一致的紀念物的後果在更廣泛的加密貨幣市場，尤其是Altcoins方面也很大程度上打擊了。瓦爾泰還指出：“本季度並沒有真正獲勝。”

So what defined Q1 of 2025? Tune in to the full episode to hear all of the insights!

那麼什麼定義了2025年的Q1？收看完整的一集，以聽取所有見解！

Listen to the full episode of Decentralize with Cointelegraph on Cointelegraph's podcast page, Spotify, Apple Podcasts or your podcast platform of choice. And don't forget to check out Cointelegraph's full lineup of other shows!

在Cointelegraph的播客頁面，Spotify，Apple Podcasts或您選擇的播客平台上，在Cointelegraph的播客頁面上收聽Cointelegraph的全部情節。而且，不要忘記查看Cointelegraph的其他演出陣容！