由於來自美國的全球關稅戰爭的緊張局勢，虛擬資產市場從2月3日至7日向下趨勢

從2月3日至7日，虛擬資產市場表現出由於圍繞美國全球關稅戰爭的緊張局勢而導致的下降趨勢。

Tensions surrounding the global tariff war originating from the United States impacted the virtual asset market from February 3 to 7, leading to a downward trend.

來自美國的全球關稅戰爭圍繞全球關稅戰爭的緊張局勢影響了2月3日至7日的虛擬資產市場，導致下降趨勢。

U.S. President Donald Trump's declaration of tariffs on Canada, Mexico, and China sparked concerns about inflation, causing both the financial and virtual asset markets to decline.

美國總統唐納德·特朗普（Donald Trump）對加拿大，墨西哥和中國的關稅宣布引起了人們對通貨膨脹的擔憂，導致金融和虛擬資產市場均下降。

As of 4:40 p.m. on the 7th, the price of Bitcoin was trading at $96,897, down 7.23% from a week ago.

截至7日下午4:40，比特幣的價格為96,897美元，比一周前的7.23％下降了7.23％。

The price of Bitcoin plummeted to $91,000 after President Trump announced the tariffs but recovered to $100,000 with an announcement that the tariffs would be postponed. However, on the 4th, it fell again below $100,000 and is currently hovering around $96,000.

特朗普總統宣布關稅，但恢復到100,000美元，宣布將關稅將被推遲後，比特幣的價格下降至91,000美元。但是，在4日，它再次下跌低於100,000美元，目前徘徊在96,000美元左右。

The volatility of altcoins was greater than that of Bitcoin. Around the same time, the price of Ethereum recorded $2,713, a decrease of 16.6% compared to a week ago. Ripple fell by 25.3% over the week, yielding its position as the third-largest virtual asset by market capitalization to Tether. During the same period, Solana decreased by 18.7% to $192.7, and Binance Coin (BNB) fell by 14.3% to $581.8.

AltCoins的波動大於比特幣的波動性。大約在同一時間，以太坊的價格記錄了2,713美元，比一周前的價格下降了16.6％。整個星期，Ripple下降了25.3％，從市值到Tether的第三大虛擬資產中，其地位。在同一時期，索拉納（Solana）下降了18.7％至192.7美元，而二氧化硬幣（BNB）下降了14.3％，至581.8美元。

Although the Trump administration has postponed the imposition of tariffs, it has imposed an additional 10% general tariff on all imports from China. China has requested dispute consultations with the World Trade Organization (WTO), arguing that the U.S. tariffs violate the General Agreement on Tariffs and Trade (GATT).

儘管特朗普政府推遲了對關稅的徵收，但它對來自中國的所有進口徵收了另外10％的一般關稅。中國要求與世界貿易組織（WTO）進行爭議磋商，認為美國關稅違反了有關關稅和貿易的一般協議（GATT）。

Canada and Mexico have stated that if the U.S. imposes tariffs, they will retaliate with 'counter-tariffs.' If the U.S. decides to impose tariffs again, a tariff war could start at any time

加拿大和墨西哥表示，如果美國征收關稅，他們將對“反競選”進行報復。如果美國決定再次徵收關稅，關稅戰爭可能隨時開始

Experts warned that concerns over a tariff war will persist for the time being, and caution is advised regarding the expansion of volatility.

專家警告說，對關稅戰爭的擔憂將暫時持續存在，並建議有關擴大波動的謹慎。

Choi Seung-ho, a researcher at the Research Institute, noted, “The tariff policy of the Trump administration is simultaneously stimulating global economic slowdown and inflation risks while dampening investment sentiment in the virtual asset market,” and advised that a conservative portfolio strategy would be necessary until the market's direction is revealed.

研究所的研究人員尚榮（Choi Seung-ho）指出：“特朗普政府的關稅政策同時刺激了全球經濟放緩和通貨膨脹風險，同時削弱了虛擬資產市場的投資情緒，”並告知保守的投資組合戰略將有必要在市場的方向揭示之前。

Choi forecasted that the execution of counter-tariffs by China and the progress of negotiations between the U.S. and China on the 10th would be a critical turning point.

Choi預測，中國對反競選的執行以及美國和中國在10日之間的談判進展將是一個關鍵的轉折點。

◇ U.S. SEC initiates approval process for Ripple, Solana, and Litecoin ETFs

◇美國SEC啟動了有關波紋，索拉納和Litecoin ETF的批准過程

The U.S. Securities and Exchange Commission (SEC) has begun receiving applications related to Ripple spot exchange-traded funds (ETFs) while officially initiating the approval process for Litecoin and Solana spot ETFs, attracting the interest of investors.

美國證券交易委員會（SEC）已開始接收與波紋現貨交易所交易基金（ETF）有關的申請，同時正式啟動了萊特科因（Litecoin）和索拉納（Solana）現場ETF的批准程序，吸引了投資者的利益。

The SEC has previously rejected applications for Solana-based ETFs. There is optimism that the virtual asset ETF market will grow under the new SEC leadership. The decision on ETF approvals is expected to be made by October this year.

SEC先前拒絕了基於SOLANA的ETF的應用。很樂觀的是，在新的SEC領導下，虛擬資產ETF市場將增長。預計ETF批准的決定將在今年10月之前做出。

Previously, the SEC launched a task force aimed at clarifying regulations surrounding virtual assets. SEC Commissioner Hester Peirce announced a new regulatory framework and stated that resolving the legal status of virtual assets and jurisdictional issues concerning the SEC will be its top priority.

此前，SEC啟動了一支旨在闡明虛擬資產的法規的工作組。 SEC專員Hester Peirce宣布了一個新的監管框架，並指出解決有關SEC的虛擬資產和管轄權問題的法律地位將是其重中之重。

The market interprets the SEC's actions as a move to establish an institutional framework across the virtual asset market. However, a representative from the Research Institute stated, “The mere reception of applications does not directly lead to approvals,” and emphasized the need to closely monitor the SEC's stance and market reactions until a final decision is made.

市場將SEC的行動解釋為在虛擬資產市場上建立機構框架的舉動。但是，研究機構的一位代表說：“僅僅接受申請並不能直接導致批准”，並強調需要密切監視SEC的立場和市場反應，直到做出最終決定。

◇ U.S. Congress launches virtual asset policy working group

◇美國國會啟動虛擬資產政策工作組

The U.S. Congress has launched a working group involving bipartisan lawmakers to promote virtual assets and establish a regulatory framework. David Sachs, known as the 'crypto czar' and the White House's point person on virtual assets and artificial intelligence policy, participated in the related press conference, suggesting government-level cooperation.

美國國會成立了一個涉及兩黨議員的工作組，以促進虛擬資產並建立監管框架。大衛·薩克斯（David Sachs）被稱為“加密沙皇”（Crypto Czar）和白宮的虛擬資產和人工智能政策，參加了相關的新聞發布會，暗示了政府級的合作。

Sachs presented key policy directions in a recent press conference, including the formation of a bicameral virtual asset caucus, legislation on stablecoin bills, and a review of Bitcoin as a national reserve. The establishment of this working group is regarded as an implementation of the first policy to form a bicameral virtual asset caucus.

薩克斯（Sachs）在最近的新聞發布會上提出了關鍵的政策指示，包括形成了雙色虛擬資產核心小組，關於穩定法案的立法以及對比特幣作為國家儲備的審查。該工作組的建立被視為實施第一個形成雙薩爾虛擬資產核心小組的政策。

The market expects that this measure will create a clear legal foundation for the virtual asset industry and accelerate its incorporation into the legal framework. However, depending on whether the policy direction leans toward promoting industry growth or enhancing regulation, market reactions are likely to diverge significantly.

市場預計，這項措施將為虛擬資產行業創造明確的法律基礎，並加速其將其納入法律框架。但是，取決於政策方向是傾向於促進行業增長還是加強監管，市場反應可能會大大差異。