在市场不确定性的情况下，比特币的主导地位飙升；币安着眼重返印度

比特币在加密市场的主导地位有所增强，这可能是由于即将到来的减半和更广泛市场的避险情绪。尽管比特币的价格一直波动，但 Layer-1 区块链和山寨币的表现却较差，SOL、AVAX、ADA 和 FIL 等代币均出现大幅下跌。据报道，币安在支付罚款后正寻求重新进入印度。

Bitcoin's Dominance Surges Amid Market Uncertainty, Binance Eyes India Re-Entry

在市场不确定性的情况下，比特币的主导地位飙升，币安着眼于重新进入印度

Amidst the ongoing market volatility, Bitcoin's dominance in the cryptocurrency realm has witnessed a noticeable surge, attributed to the impending halving and heightened risk aversion. As the sell-off in risk assets continues unabated, fueled by challenging macroeconomic headwinds, Bitcoin's price has dipped below $61,400 during Asian trading hours on Thursday, as per CoinDesk Indices data. The CoinDesk 20, an index tracking the world's most liquid digital assets, has also faced a downturn, shedding 3.3% to reach 2,125.

在持续的市场波动中，由于即将到来的减半和风险厌恶情绪的加剧，比特币在加密货币领域的主导地位出现了明显上升。根据 CoinDesk Indices 的数据，在充满挑战的宏观经济逆风的推动下，风险资产的抛售继续有增无减，比特币的价格在周四的亚洲交易时段跌破了 61,400 美元。追踪全球最具流动性的数字资产的 CoinDesk 20 指数也面临低迷，下跌 3.3%，至 2,125 点。

While Bitcoin grapples with its current challenges, layer-1 blockchains and altcoins have been faring worse. Prominent layer-1 tokens such as Solana's SOL have plummeted over 20% in the past week, while Avalanche's AVAX has dropped 26%, Cardano's ADA has declined 23%, and Filecoin's FIL has witnessed a 30% drop.

虽然比特币正在努力应对当前的挑战，但第一层区块链和山寨币的情况却更糟。过去一周，Solana 的 SOL 等著名的 Layer 1 代币暴跌超过 20%，而 Avalanche 的 AVAX 下跌了 26%，Cardano 的 ADA 下跌了 23%，Filecoin 的 FIL 下跌了 30%。

In other news, Binance, the cryptocurrency exchange that was forced to exit the Indian market several months ago, is reportedly seeking to make a re-entry by paying a $2 million fine, according to the Economic Times. Earlier this year, Binance and several other exchanges were removed from the Apple Store in India following compliance notices issued by the country's Financial Intelligence Unit (FIU). Other firms that received such notices at the time included OKX, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.

据《经济时报》报道，几个月前被迫退出印度市场的加密货币交易所币安网 (Binance) 正在寻求通过支付 200 万美元罚款重新进入印度市场。今年早些时候，在印度金融情报机构 (FIU) 发布合规通知后，币安和其他几家交易所被从印度 Apple Store 下架。当时收到此类通知的其他公司包括 OKX、KuCoin、Huobi、Kraken、Gate.io、Bittrex、Bitstamp、MEXC Global 和 Bitfinex。

For holders of USDe, the stablecoin issued by Ethena Labs, it is crucial to closely monitor the project's reserve fund to mitigate risks associated with the potential for negative funding rates, as advised by data provider CryptoQuant. Ethena Labs currently offers an annual yield of 17.2%, calculated as a rolling average over the past seven days, to investors who stake USDe or other stablecoins on its platform. This yield is generated through a tokenized "cash and carry" trade strategy that involves purchasing an asset while simultaneously shorting it to capitalize on funding payments. Funding serves as a mechanism to align asset prices on derivatives exchanges with underlying assets. In bullish markets, holders of long positions pay those holding short positions, and the opposite occurs in bearish markets.

根据数据提供商 CryptoQuant 的建议，对于 Ethena Labs 发行的稳定币 USDe 的持有者来说，密切监控该项目的储备基金以降低与潜在负资金利率相关的风险至关重要。 Ethena Labs 目前向在其平台上质押 USDe 或其他稳定币的投资者提供 17.2% 的年收益率（按照过去 7 天的滚动平均值计算）。该收益是通过代币化的“现金套利”交易策略产生的，该策略涉及购买资产，同时做空资产以利用融资支付。融资是一种使衍生品交易所的资产价格与基础资产保持一致的机制。在牛市中，多头头寸持有者向空头头寸持有者支付费用，而在熊市中则相反。

Historical data suggests that previous Bitcoin halvings have often been followed by substantial price gains for the cryptocurrency in the subsequent 12 months. For instance, after the first halving, prices surged by 1000%, with increases of 200% and 600% following the second and third halvings, respectively.

历史数据表明，之前的比特币减半之后，加密货币的价格往往会在接下来的 12 个月内大幅上涨。例如，第一次减半后，价格飙升了1000%，第二次和第三次减半后分别上涨了200%和600%。

In summary, the cryptocurrency market is currently navigating a period of uncertainty, with Bitcoin's dominance rising while altcoins and layer-1 blockchains face setbacks. Binance's potential re-entry into India is being closely watched, and USDe holders are urged to exercise caution in light of negative funding rate risks. As the market continues to evolve, it remains essential for investors to conduct thorough research and adopt a prudent approach to managing their portfolios.

总而言之，加密货币市场目前正处于一个不确定时期，比特币的主导地位不断上升，而山寨币和第一层区块链则面临挫折。币安重新进入印度的可能性受到密切关注，鉴于负融资利率风险，USDe 持有者应谨慎行事。随着市场的不断发展，投资者仍然有必要进行彻底的研究并采取审慎的方法来管理其投资组合。