在革命性的公告，技術發展和監管動蕩之中，加密生態系統繼續證明這既是無限創新的領域，也是監管和經濟衝突的戰場。

這是過去一周中有關比特幣，以太坊，二元，索拉納和波紋的最重要消息的摘要。

The crypto ecosystem continues to be a territory of both boundless innovations and regulatory and economic conflicts. Amid revolutionary announcements, technological evolutions, and legal turbulences, the major news from the past week concerning Bitcoin, Ethereum, Binance, Solana, and Ripple is summarized below.

加密生態系統仍然是無限創新以及監管和經濟衝突的領域。在革命性的公告，技術演變和法律動蕩之中，過去一周的主要新聞涉及比特幣，以太坊，binance，solana和Ripple。

Bitcoin faces unprecedented liquidity crisis according to Glassnode

比特幣面對玻璃節的前所未有的流動性危機

The Bitcoin market is experiencing a liquidity crisis as less capital flows in and institutional investors are disengaging. On-chain transactions have decreased by 54% since late February, while futures open interest has fallen by 35%. As highlighted by Glassnode, a widening gap exists between short-term investors, who are down 7 billion dollars, and long-term holders who remain despite volatility.

比特幣市場正在經歷流動性危機，因為資本流入較少，機構投資者正在脫離。自2月下旬以來，鏈上交易減少了54％，而期貨開放利息下降了35％。正如GlassNode所強調的那樣，短期投資者（下降了70億美元）和儘管波動性仍然存在的長期持有人之間存在擴大的差距。

Coinbase becomes the largest Ethereum node operator

Coinbase成為最大的以太坊節點操作員

Coinbase has emerged as the leading operator of Ethereum nodes, controlling 11.42% of staked ETH, which translates to nearly 6.8 billion dollars. With over 120,000 active validators and a participation rate of 99.75%, the platform dominates staking. While this situation ensures stability and reliability, it also raises questions about the decentralization of Ethereum, a key pillar of its initial philosophy.

Coinbase已成為以太坊節點的領先運營商，控制了11.42％的Staked ETH，這轉化為近68億美元。該平台擁有超過120,000個主動驗證者，參與率為99.75％，主導了Stick。儘管這種情況確保了穩定性和可靠性，但它還提出了有關以太坊的權力下放的疑問，以太坊（其最初哲學的關鍵支柱）。

U.S. justice lifts sanctions against crypto mixer Tornado Cash

美國正義提高對加密貨幣龍捲風現金的製裁

The U.S. justice system has decided to lift the sanctions against Tornado Cash after concluding that its smart contracts could not be considered legal entities. Accused of facilitating the laundering of over 7 billion dollars, particularly by the Lazarus group, the crypto mixer had been banned in 2022. This decision marks a turning point in recognizing decentralization despite regulatory attempts.

美國司法系統已決定在得出結論認為其智能合同不能被視為法人實體後，決定取消對龍捲風現金的製裁。被指控促進了超過70億美元的洗滌，特別是由拉撒路集團（Lazarus Group）洗錢，加密貨幣混音器在2022年被禁止。儘管有監管嘗試，但該決定標誌著承認權力下放的轉折點。

Michael Saylor predicts the end of the euro without Bitcoin

邁克爾·塞勒（Michael Saylor）預測歐元的結束而沒有比特幣

Economist Michael Saylor claims that Europe risks losing its monetary sovereignty if it does not integrate Bitcoin. According to him, the massive adoption of cryptos in the United States and the dominance of dollar-backed stablecoins threaten the euro, especially with American tech giants already controlling digital payments. The ECB is relying on the digital euro to counter this trend, but Saylor believes that only Bitcoin can save Europe.

經濟學家邁克爾·塞勒（Michael Saylor）聲稱，如果歐洲不整合比特幣，歐洲就會失去其貨幣主權。據他說，在美國大規模採用加密貨幣以及美元支持的Stablecoins的主導地位威脅到歐元，尤其是在美國科技巨頭已經控制數字支付的情況下。歐洲央行依靠數字歐元來應對這一趨勢，但塞勒（Saylor）認為只有比特幣可以節省歐洲。

Ripple wins decisive victory against the SEC

Ripple贏得了對SEC的決定性勝利

The SEC has officially dropped its lawsuit against Ripple, marking the end of four years of legal battles. This outcome confirms that XRP is not a financial security, according to the Howey test, and thus opens the door for potential approval of an XRP ETF. Following this announcement, the price of XRP surged by 12%, reaching $2.4.

SEC已正式放棄了針對Ripple的訴訟，標誌著四年的法律鬥爭終結。根據Howey測試，該結果證實了XRP不是財務安全，因此為潛在批准XRP ETF打開了大門。在此公告之後，XRP的價格上漲了12％，達到2.4美元。

Binance deploys Pascal to accelerate the BNB Chain

Binance部署Pascal以加速BNB鏈

Binance has launched the Pascal update on the BNB Chain, aiming to reduce transaction fees and improve speed. This evolution allows dApps to benefit from better flexibility, and enhances compatibility with the Ethereum ecosystem. The goal is to make the BNB Chain a high-performance network capable of rivaling other blockchains in terms of speed and costs.

Binance已在BNB鏈上啟動了Pascal更新，旨在降低交易費用並提高速度。這種演變使DAPP可以從更好的靈活性中受益，並增強與以太坊生態系統的兼容性。目的是使BNB鏈成為一個高性能網絡，能夠在速度和成本方面與其他區塊鏈媲美。

Bitcoin, Dogecoin… The SEC clarifies the legality of PoW mining

比特幣，狗狗……SEC澄清了Pow Mining的合法性

The SEC has stated that Proof-of-Work (PoW) mining is not considered a securities offering. As long as miners receive rewards automatically without depending on the efforts of others, they are not subject to the Securities Act of 1933. This clarification brings relief to the industry, particularly for Bitcoin and Dogecoin miners, although the SEC remains vigilant about other aspects of the crypto sector.

SEC表示，工作證明（POW）採礦不被視為證券提供。只要礦工自動獲得獎勵而不取決於他人的努力，他們就不受1933年的《證券法》的約束。這種澄清會使該行業緩解，尤其是對比特幣和狗狗幣礦工，儘管SEC仍然對加密部門的其他方面保持警惕。