加密货币业务：微软股东对比特币储备投“不”票，摩根大通提高矿业股目标价

即使在对加密货币友好的白宫领导下，币安在美国卷土重来的机会仍然很小。

Despite a crypto-friendly White House administration, Binance’s chances of re-entering the United States market remain slim.

尽管白宫政府对加密货币友好，但币安重新进入美国市场的机会仍然很小。

In a Dec. 9 interview, the exchange’s CEO downplayed discussions about returning to the US market following its November 2023 exit as part of a $4.3 billion settlement with the government over sanctions violations, money laundering and operating as an unlicensed money transmitter.

在 12 月 9 日的采访中，该交易所首席执行官淡化了关于在 2023 年 11 月退出后重返美国市场的讨论，这是与政府就违反制裁、洗钱和作为无牌货币转移机构达成的 43 亿美元和解协议的一部分。

“As of now, we are focusing on our global deployment,” said the exchange’s CEO, Richard Teng.

“到目前为止，我们的重点是全球部署，”该交易所首席执行官理查德·滕（Richard Teng）表示。

Binance’s regulatory troubles in the US also led to the shutdown of products linked to its stablecoin, Binance USD (BUSD) — one of the largest stablecoins in 2022 when it reached a peak market capitalization of $23.3 billion.

币安在美国的监管问题还导致与其稳定币币安美元 (BUSD) 相关的产品被关闭。币安美元是 2022 年最大的稳定币之一，当时其市值达到了 233 亿美元的峰值。

Now, nearly a year after BUSD’s products sunset, the exchange is exploring new alliances to stake its claim on the stablecoin market. On Dec. 10, Binance announced a strategic partnership with Circle at Abu Dhabi Finance Week.

现在，在 BUSD 产品退役近一年后，该交易所正在探索新的联盟，以在稳定币市场上占据一席之地。 12 月 10 日，币安在阿布扎比金融周上宣布与 Circle 建立战略合作伙伴关系。

As part of the alliance, the exchange will integrate USD Coin USDC $0.9998 into its corporate treasury and add more trading pairs and special promotions, while Circle will provide Binance with technology, liquidity and global connections.

作为联盟的一部分，该交易所将把 USD Coin USDC $0.9998 纳入其公司金库，并增加更多交易对和特别促销活动，而 Circle 将为币安提供技术、流动性和全球联系。

The deal will potentially grant USDC a larger foothold outside the United States and place Binance a step closer to the US market.

该交易可能会让 USDC 在美国以外的地区获得更大的立足点，并使币安更接近美国市场。

This week’s Crypto Biz also explores Microsoft’s board’s stance on Bitcoin, JPMorgan’s revision of mining stocks, MARA’s new BTC purchase and upcoming listings of crypto firms.

本周的 Crypto Biz 还探讨了微软董事会对比特币的立场、摩根大通对矿业股的修改、MARA 新购买的 BTC 以及即将上市的加密公司。

Microsoft shareholders vote ‘no’ to Bitcoin reserve

微软股东对比特币储备投“不”票

Shareholders of Microsoft voted down a proposal at the annual meeting on Dec. 10 to allocate 1–5% of the company’s profits to Bitcoin. The resolution, put forward by the National Center for Public Policy Research, called for the diversification of profits despite Bitcoin’s higher volatility compared to corporate bonds. The proposal cited both MicroStrategy and BlackRock’s adoption of BTC as motivating factors. However, Microsoft’s board opposed the motion in an SEC filing, describing it as “unnecessary” and stating that the company “already carefully considers this topic.”

微软股东在 12 月 10 日的年会上投票否决了将公司利润的 1-5% 分配给比特币的提案。该决议由国家公共政策研究中心提出，呼吁实现利润多元化，尽管比特币的波动性高于公司债券。该提案将 MicroStrategy 和 BlackRock 采用 BTC 视为激励因素。然而，微软董事会在向美国证券交易委员会提交的文件中反对该动议，称其“没有必要”，并表示该公司“已经仔细考虑了这个话题”。

JPMorgan raises price targets on Bitcoin mining stocks

摩根大通上调比特币矿业股目标价

Analysts at JPMorgan increased price targets for four Bitcoin BTC $101,891 mining stocks — MARA Holdings, CleanSpark, Riot Platforms and IREN — due to the value of their electrical power assets and Bitcoin holdings. In a Dec. 10 report, analysts Reginald Smith and Charles Pearce noted that each stock is already trading near or above its new target. Previously, miners were valued based on a four-year gross profit outlook. Moreover, the report highlighted MicroStrategy’s significant performance, with its stock up nearly 450% year-to-date compared to Bitcoin’s 125% gain. The company owns BTC worth $40 billion in its treasury. Other major miners like Marathon, Riot and CleanSpark hold BTC treasuries valued at approximately $3.9 billion, $1.1 billion, and $890 million, respectively.

摩根大通分析师上调了四只比特币 BTC 价格为 101,891 美元的矿业股——MARA Holdings、CleanSpark、Riot Platform 和 IREN——的价格目标，因为它们的电力资产和比特币持有量价值较高。在 12 月 10 日的报告中，分析师雷金纳德·史密斯 (Reginald Smith) 和查尔斯·皮尔斯 (Charles Pearce) 指出，每只股票的交易价格已经接近或高于其新目标。此前，矿商的估值是基于四年毛利润前景。此外，该报告还强调了 MicroStrategy 的显着业绩，其股价今年迄今上涨了近 450%，而比特币的涨幅为 125%。该公司拥有价值 400 亿美元的 BTC。 Marathon、Riot 和 CleanSpark 等其他主要矿商持有的 BTC 国债价值分别约为 39 亿美元、11 亿美元和 8.9 亿美元。

Bitwise predicts 2025 as year for crypto IPOs — Kraken, Circle to go public

Bitwise 预测 2025 年将是加密货币 IPO 之年——Kraken、Circle 将上市

Bitwise predicts that at least five major crypto companies will go public through initial public offerings (IPOs) in 2025, dubbing it the “Year of the Crypto IPO.” According to Bitwise, the list of companies includes Circle, Kraken, Anchorage Digital, Chainalysis and Figure. Their IPOs would be driven by increasing investor demand, greater institutional adoption, a more supportive macroeconomic environment and favorable political conditions. Additionally, the report forecasts Bitcoin to reach $200,000 or more by the end of 2025 and potentially exceed gold’s $18 trillion market cap by 2029. Bitcoin could even surge to $500,000 next year if the United States adopts Senator Cynthia Lummis’ proposal for a strategic Bitcoin reserve.

Bitwise 预测，至少有五家主要加密货币公司将在 2025 年通过首次公开募股 (IPO) 上市，并将其称为“加密货币 IPO 年”。据 Bitwise 称，名单中的公司包括 Circle、Kraken、Anchorage Digital、Chainaanalysis 和 Figure。他们的首次公开募股将受到不断增长的投资者需求、更大的机构采用、更具支持性的宏观经济环境和有利的政治条件的推动。此外，该报告预测，到 2025 年底，比特币的价格将达到 20 万美元或更多，到 2029 年，比特币的市值可能会超过黄金的 18 万亿美元。如果美国采纳参议员辛西娅·鲁米斯 (Cynthia Lummis) 提出的比特币战略储备提案，明年比特币的价格甚至可能飙升至 50 万美元。

MARA Holdings buys $1.1B more Bitcoin, hits industry-first 50 EH/s

MARA Holdings 购买了 1.1B 美元的比特币，达到行业第一的 50 EH/s

Bitcoin mining company MARA Holdings announced on Dec. 10 that it purchased 11,774 Bitcoin for $1.1 billion, bringing its total holdings to 40,435 BTC valued at about $3.92 billion. The acquisition followed a zero-coupon convertible note offering conducted late last month. In addition, the company reported that its hashrate crossed 50 exahashes per second (EH/s), marking an industry first. According to MARA, its BTC Yield reached 12.3% for the fourth quarter and 47.6% for the year. It uses BTC Yield as a key performance indicator to measure the percentage change between its BTC holdings and fully diluted shares outstanding.

比特币矿业公司 MARA Holdings 于 12 月 10 日宣布，以 11 亿美元购买了 11,774 枚比特币，使其持有总量达到 40,435 枚比特币，价值约 39.2 亿美元。此次收购是在上月底进行的零息可转换票据发行之后进行的。此外，该公司报告称，其算力突破了每秒 50 exahashes (EH/s)，创下行业第一。根据 MA​​RA 的数据，其 BTC 收益率第四季度达到 12.3%，全年达到 47.6%。它使用 BTC 收益率作为关键绩效指标来衡量其持有的 BTC 与完全稀释的已发行股票之间的百分比变化。