“三巨头”加密货币今天正在移动

“三巨头”加密货币今天正在移动。比特币（BTC 4.14％），以太坊（ETH 6.55％）和Dogecoin（Doge 5.18％）上涨2.9％，7.3％和3％

The "big three" cryptocurrencies are on the move today. Bitcoin (BTC 4.14%), Ethereum (ETH 6.55%), and Dogecoin (DOGE 5.18%) are up 2.9%, 7.3%, and 3%, respectively, as of 2:30 p.m. ET. Earlier in the day, however, they were up as much as 3.6%, 8.7%, and 4.7%, respectively.

“三巨头”加密货币今天正在移动。截至美国东部时间，比特币（BTC 4.14％），以太坊（ETH 6.55％）和Dogecoin（Doge 5.18％）分别上涨了2.9％，7.3％和3％。但是，当天早些时候，它们的上升幅度分别高达3.6％，8.7％和4.7％。

The S&P 500 is up 0.8% and the Nasdaq Composite is up 1.1%.

标准普尔500指数上涨0.8％，纳斯达克综合材料上涨1.1％。

All three cryptocurrencies got a boost from news that the SEC's appeal in its case against XRP would be dropped, a major step that confirms the Trump administration's softer approach to crypto regulation, boosting the whole market.

这三项加密货币都从新闻中得到了推动，即SEC对XRP的上诉将被撤销，这是确认特朗普政府对加密货币监管的柔和方法的重大步骤，从而促进了整个市场。

SEC backs off

SEC退出

Ripple, the company behind XRP, announced that the SEC is abandoning its appeal in the long-running legal battle against the company. The case dates back to 2020 when the SEC sued Ripple for allegedly selling unregistered securities. Ripple scored a partial victory last year when a judge ruled XRP wasn't a security when sold to retail investors -- though institutional sales were different. The SEC appealed this decision, but now, after a change in leadership, the regulator is dropping its appeal.

XRP背后的公司Ripple宣布，SEC将在与公司长期进行的法律斗争中放弃上诉。该案可以追溯到2020年，当时SEC涉嫌出售未注册证券的Ripple。去年，当法官裁定XRP并不是出售给零售投资者的安全性时，Ripple取得了部分胜利，尽管机构销售有所不同。 SEC对这一决定提出上诉，但现在，在改变领导力之后，监管机构正在放弃其吸引力。

This development comes amid a sweeping reversal of the previous administration's crypto crackdown. The SEC recently ended its case against Coinbase Global (NASDAQ:COIN) and closed investigations into several crypto companies, scaling back enforcement and declaring meme coins aren't securities. It's clear that the Trump administration's SEC will not take a hard line in regulating the nascent industry; investors reacted positively.

这一发展是在对上届政府加密镇定镇压的彻底逆转之中。 SEC最近结束了对Coinbase Global（NASDAQ：COIN）的案件，并封闭了对几家加密公司的调查，缩减执法并宣布Meme Coins不是证券。显然，特朗普政府的SEC在规范新生行业方面不会艰难。投资者做出积极的反应。

Ethereum's Stablecoin dominance continues

以太坊的稳定统治继续

The crypto market has seen some turbulence in the last few months. However, stablecoins like USDC have seen remarkable inflows of capital. The coins, which are fixed in value, are growing in popularity as a sort of digital cash. Most stablecoins exist on a parent blockchain and Ethereum dominates the space.

在过去的几个月中，加密货币市场有些动荡。但是，像USDC这样的Stablecoins看到了大量的资本流入。价值固定的硬币作为一种数字现金正在流行。大多数稳定菌都存在于父链上，以太坊都占主导地位。

It was reported yesterday that Ethereum's four-month average trading volume for these stablecoins reached $850 billion. The continued dominance shows Ethereum is still holding its lead as the preferred "smart contract" blockchain as others have proliferated.

据报道，这些稳定币的平均四个月的平均交易量达到8500亿美元。持续的主导地位表明，以太坊仍然保持领先地位，因为其他人已经激增，因此首选的“智能合同”区块链。

Dogecoin's new sponsorship

Dogecoin的新赞助

The House of Doge and Dogecoin Foundation, organizations that support and promote the cryptocurrency and meme coin, announced a new partnership today. The two are teaming up with IndyCar driver Devlin DeFrancesco and Rahal Letterman Lanigan Racing to bring Dogecoin to the 109th running of the Indianapolis 500.

Doge and Dogecoin基金会，支持和推广加密货币和模因硬币的组织今天宣布了新的合作伙伴关系。两人正在与Indycar Driver Devlin Defrancesco和Rahal Letterman Lanigan Racing合作，将Dogecoin带入印第安纳波利斯500的第109场比赛。

The Dogecoin Racing initiative will let fans vote on DeFrancesco's car design for the May 25 race, so long as the iconic Shiba Inu dog is at the center of the design. The partnership will also include a donation platform supporting a cause important to the team.

Dogecoin Racing倡议将使粉丝们在5月25日的比赛中对Defrancesco的汽车设计进行投票，只要标志性的Shiba Inu狗是设计的中心。合作伙伴关系还将包括一个支持团队重要事业的捐赠平台。

The Indianapolis 500 draws over 350,000 in-person spectators and many more around the world. Investors see this as an opportunity to boost Dogecoin's profile.

印第安纳波利斯（Indianapolis）500人吸引了超过350,000个面对面的观众，在世界范围内吸引了更多人。投资者认为这是提高Dogecoin个人资料的机会。

Macro trends don't look great

宏观趋势看起来不太好

The Federal Reserve announced today that there were no changes to the current interest rate plan. The reserve is still projecting modest GDP growth and relatively mild inflation, so fears of a recession or "stagflation" -- little to no GDP growth with high inflation -- were not echoed by Fed Chair Jerome Powell. That's good news for now.

美联储今天宣布，当前的利率计划没有变化。该保护区仍在预测适度的GDP增长和相对温和的通货膨胀，因此对经济衰退或“停滞”的担忧 - 几乎没有高涨的GDP增长，而高通货膨胀率很高 - 并未受到美联储主席Jerome Powell的回应。这是现在的好消息。

However, Powell has indicated that the current environment makes predicting the future particularly difficult. There is a lot of uncertainty in the market at the moment. So, while recent developments helped boost the big three cryptocurrencies, they are still volatile assets, especially Dogecoin, a meme coin. They are highly sensitive to broader economic conditions and rising uncertainty. A looser regulatory environment could be offset by the uncertainty Trump's trade tariffs and foreign policy bring.

但是，鲍威尔表示，当前的环境使预测未来特别困难。目前，市场上有很多不确定性。因此，尽管最近的发展有助于提高三巨头的加密货币，但它们仍然是波动的资产，尤其是模因硬币Dogecoin。它们对更广泛的经济状况和不确定性的增加非常敏感。宽松的监管环境可能会被特朗普的贸易关税和外交政策带来的不确定性所抵消。