特朗普的戰略加密儲備計劃點燃懷疑主義的計劃

唐納德·特朗普（Donald Trump）的戰略加密保護區計劃在數字資產市場中的欣快感在周一轉向懷疑論

Donald Trump’s plans for a strategic crypto reserve sparked enthusiasm in digital-asset markets but quickly soured on Monday, triggering early losses in cryptocurrencies that worsened throughout the day.

唐納德·特朗普（Donald Trump）制定的戰略加密儲備的計劃激發了數字資產市場的熱情，但在周一迅速惡化，引發了全天惡化的加密貨幣的早期損失。

Investors also grew more pessimistic about a US-led trade deal to avert a 25 per cent tariff on Mexican and Canadian goods, and the tech-stock-heavy Nasdaq 100 Index slid more than 2 per cent.

投資者對以美國領導的貿易協議的態度越來越悲觀，以避免對墨西哥和加拿大商品的關稅25％，而技術儲備豐富的納斯達克100指數滑行超過2％。

Trump said Sunday on Truth Social that the XRP, SOL and ADA tokens will be included in the reserve, along with Bitcoin and Ether. The news ignited an immediate crypto rally, offering some relief to an asset class fresh off its worst month since 2022. Yet the inclusion of the three lesser-known digital tokens was later met with questions from investors about the project’s merits.

特朗普週日在《真理社交》上說，XRP，SOL和ADA代幣將與比特幣和以太一起包含在保護區中。這一消息引發了立即的加密集會，從2022年以來最糟糕的一個月中，對資產類別提供了一些緩解。然而，包括三個鮮為人知的數字代幣的包含在內，後來又遇到了投資者有關該項目優點的問題。

All of the cryptocurrencies that Trump said would be included in the reserve posted sharp declines by late afternoon in New York amid a broad retreat in risk assets. Most of Sunday’s gains in the tokens were wiped out.

特朗普所說的所有加密貨幣都將包括在紐約下午晚些時候在紐約下午急劇下降，並在風險資產上進行了廣泛的撤退。週日在代幣中的大部分收益都被消滅了。

The Bloomberg Galaxy Crypto Index slumped almost 28 per cent in February. The rout put pressure on Trump, who returned to the White House after the industry showered him with campaign donations and praise. Even the Securities and Exchange Commission’s reversal of a years-long crackdown had failed to stem the selloff, which many attributed in part to nervousness about Trump’s trade tariffs and dramatic moves to gut government programs.

彭博銀河加密指數在2月下降了近28％。潰敗給特朗普施加了壓力，特朗普在行業以競選捐款和稱讚為他送回白宮。即使是證券交易委員會對長達一年的鎮壓的逆轉也沒有阻止拋售，許多人部分歸因於對特朗普的貿易關稅和戲劇性舉動的緊張歸因於腸道政府計劃。

“For a president who thrives on being the market’s hero, last week’s risk asset performance was anything but inspiring,” QCP Capital said in a note on Monday. “The political calculus was clear — Trump needed a win before his approval ratings start slipping, a metric he likely takes very personally.”

QCP Capital在周一的一份報告中說：“對於一個成為市場英雄的總統，上週的風險資產表現都令人鼓舞。” “政治演算很明確 - 特朗普在批准評級開始滑倒之前需要贏得勝利，這是他可能會個人個人所接受的指標。”

Bitcoin was almost 9 per cent lower as of 3:20 p.m. in New York, trading near $86,000, while Ether lost about 16 per cent. XRP sank 18 per cent after rallying 32% on Sunday, while SOL and ADA slipped about 19 per cent each. Crypto prices fell to their lows of the day after Trump said in the White House that there was “no room left for Mexico or for Canada” to negotiate with the US to win a reprieve from 25 per cent tariffs scheduled to take effect on Tuesday.

截至紐約下午3:20，比特幣的交易價格接近86,000美元，而Ether損失了約16％。 XRP在周日集會32％後沉沒了18％，而SOL和ADA則分別滑落了約19％。特朗普在白宮在白宮表示，“墨西哥或加拿大沒有餘地”與美國進行談判以贏得25％的關稅計劃在周二生效的25％的關稅中贏得緩刑，這是在白宮在白宮表示“沒有剩下的空間”，而加密價格下降了。

In its first statement about creating a crypto reserve in January, the White House said such a stockpile would be “potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.” Bitcoin tends to be the main crypto token seized by law enforcement agencies, including in the bust of the notorious Silk Road website.

白宮在一月份建立加密保護區的第一份聲明中說，這種庫存將“有可能源自聯邦政府通過其執法工作而合法扣押的加密貨幣”。比特幣往往是執法機構抓住的主要加密代幣，包括在臭名昭著的絲綢之路網站的胸像中。

The initial announcement contained little detail on how the reserve would be created, which disappointed investors and helped set the stage for February’s selloff.

最初的公告幾乎沒有關於如何創建儲備金的細節，這使投資者失望，並為2月的拋售奠定了基礎。

Trump’s Sunday posts came just as his crypto czar David Sacks prepares to host the White House’s first industry summit. On Monday, Sacks took to the X platform to announce that he sold all his cryptocurrency holdings — including Bitcoin, Ether and SOL — before Trump’s administration took over in January.

特朗普的周日帖子正是他的加密沙皇戴維·薩克斯（David Sacks）準備主持白宮首次行業峰會。週一，薩克斯（Sacks）上X平台宣布，在特朗普政府在一月份接任之前，他出售了他所有的加密貨幣持有物（包括比特幣，以太和索爾）。

XRP is the cryptocurrency associated with Ripple Labs Inc., the company run by Brad Garlinghouse. SOL and ADA are the native tokens of the Solana and Cardano blockchains. Below is a summary of the tokens and the people they’re linked to.

XRP是與Brad Garlinghouse經營的公司Ripple Labs Inc.相關的加密貨幣。 SOL和ADA是Solana和Cardano區塊鏈的本地令牌。以下是代幣及其鏈接的人的摘要。

XRP

Trump in February shared a CoinDesk story about Garlinghouse on Truth Social, drawing both cheers from fans of XRP — Ripple’s native token — and grumbling among other crypto executives.

特朗普在二月份分享了一個關於Garlinghouse關於真相社交的故事的故事，吸引了XRP的粉絲（Ripple的本地令牌）的歡呼聲，並在其他加密高管中抱怨。

Garlinghouse had said in December that the company planned to donate $5 million worth of XRP to Trump’s inauguration festivities. He and Ripple’s chief legal officer, Stu Alderoty, have been photographed dining with the President at Mar-a-Lago.

加林豪斯（Garlinghouse）在12月表示，該公司計劃向特朗普的就職典禮捐贈價值500萬美元的XRP。他和Ripple的首席法律官Stu Alderoty已與Mar-a-Lago的總統用餐。

That level of political access represents a stark reversal of fortunes for the San Francisco-based company, which was sued in 2020 by the SEC and accused of offering unregistered securities. A US district court later found that XRP was a security when sold to institutional investors but not when sold to retail investors, which was seen as a win in the crypto industry. The SEC appealed that ruling. While the SEC has dropped many crypto enforcement actions, the Ripple appeal has not yet been abandoned.

這種政治訪問級別代表了這家總部位於舊金山的公司的巨大逆轉，該公司於2020年由SEC起訴，並被指控提供未註冊的證券。美國地方法院後來發現，XRP是出售給機構投資者的安全性，而不是出售給零售投資者時，這被視為加密行業的勝利。 SEC對這一裁決提出上訴。儘管SEC拋棄了許多加密執法措施，但尚未放棄連鎖反應。

Founded in 2012 and originally named Opencoin, Ripple was one of the earlier companies to begin developing distributed ledger technology for mainstream financial services. It created its own platform with the goal of speeding up and cutting the cost of settling international payments.

Ripple成立於2012年，最初被稱為Opencoin，是開始為主流金融服務開發分佈式分類賬技術的較早公司之一。它創建了自己的平台，目的是加速並降低解決國際付款的成本。

Like many other blockchain startups targeting traditional financial-services flows, it has had mixed results, with banks being slow to adopt the technology.

像許多其他針對傳統金融服務流動的區塊鏈初創公司一樣，它的業績也不同，銀行採用該技術的速度也很慢。

Solana

索拉納

Solana is the blockchain of choice for issuers of so-called memecoins, digital assets with little intrinsic value that can nevertheless balloon in value if they’re able to capture the attention of

Solana是所謂的Memecoins發行人的首選區塊鏈，數字資產幾乎沒有內在價值，但如果能夠吸引他們的注意