这是不断浸入的蘸料。比特币低于$ 80,000

比特币周五早些时候再次受到打击，下降到80,000美元以下，并使2月下降到20％以上。这刺激了更广泛的加密货币市场

It's the dip that keeps on dipping. Bitcoin took another hit early Friday, falling below $80,000 and falling over 20% for February. And that sparked a bloodbath in the broader crypto market, with ether sliding below $2,100, a level it last saw in August.

这是不断浸入的蘸料。比特币周五早些时候再次受到打击，跌至80,000美元以下，2月下降了20％。这引起了更广泛的加密货币市场的血液浴，以太滑行低于2,100美元，这是8月上次看到的水平。

Increased volatility in cryptocurrencies mirrors trends in traditional markets. Compare the 10% jump in the Volmex BVIV, which tracks the 30-day implied volatility in bitcoin, with the equal increase in the MOVE index, which measures the implied volatility of U.S. Treasury notes. The VIX, Wall Street's so-called fear gauge, has risen by 14%.

加密货币的波动性增加反映了传统市场的趋势。比较Volmex BVIV中的10％跳跃，该跳跃跟踪比特币中的30天隐含波动率，以及移动指数的同等增加，该指数衡量了美国财政部注释的隐含波动性。华尔街所谓的恐惧量表的VIX增长了14％。

These movements, coupled with a sell-off in growth-sensitive commodity currencies like the Australian, New Zealand and Canadian dollars, are indicative of jitters in the macroeconomy, primarily driven by renewed concerns over potential Trump tariffs, prompting a rotation towards less volatile assets.

这些运动，再加上澳大利亚，新西兰和加拿大美元等增长敏感的商品货币的抛售，表明了宏观经济的抖动，这主要是由于对特朗普的潜在关税的重新担忧，促使人们转向降低波动率较小的资产。

"U.S. domestic policies have become unstable, and the White House seems happy to take advantage of this instability," said Griffin Ardern, head of options trading and research at crypto financial platform BloFin. "Given the challenges investors face in obtaining accurate forward-looking guidance, many are more inclined to hold low-volatility assets ... Traders need to liquidate positions to reduce their exposure to specific assets before transitioning to other markets, which explains the decline across almost all asset classes, including cryptocurrencies."

Crypto Financial Platform Blofin的期权交易和研究主管Griffin Ardern说：“美国国内政策变得不稳定，白宫似乎很乐意利用这种不稳定。” “鉴于投资者在获得准确的前瞻性指导方面面临的挑战，许多人更倾向于持有低挥发性资产……交易者需要清算头寸以减少其在过渡到其他市场之前对特定资产的接触，这解释了几乎所有资产类别的下降，包括所有资产类别，包括加密货币。”

Volatility looks set to remain heightened, with President Donald Trump reportedly scheduled to speak later on Friday. In the meantime, those hoping for a significant rebound in risk assets based on personal consumption data may be disappointed because anticipated soft readings could be overshadowed by tariff concerns and rising forward-looking inflation metrics.

据报道，唐纳德·特朗普总统定于周五晚些时候讲话，波动性似乎将保持增强。同时，那些希望基于个人消费数据获得大量风险资产反弹的人可能会感到失望，因为预期的软读数可能会因关税问题和前瞻性通货膨胀指标而被掩盖。

But there were more positive developments on the regulatory front this week, with the SEC dropping charges against Uniswap, one of the leading decentralized exchanges, and mulling the same regarding its issues with Consensys.

但是，本周的监管方面有更多的积极发展，SEC对Uniswap的指控（是领先的分散交易所之一）的指控，并就其与Consensys的问题进行了同样的考虑。

As Evgeny Gaevoy, CEO of leading market maker Wintermute, pointed out at Consensus Hong Kong last week, many are overlooking the evolving attitude of the SEC, and this is a factor the market has yet to fully price in.

正如领先的市政公司Wintermute的首席执行官Evgeny Gaevoy上周指出了香港共识，许多人忽略了SEC的不断发展的态度，这是市场尚未完全代价的一个因素。

Plus, the decline in the basis in the CME bitcoin and ether futures, a sign of weakening demand, has stalled and from a technical analysis perspective, bitcoin is fast closing toward a potential demand zone. So, stay alert!

另外，CME比特币和以太期货的基础下降（需求削弱的标志）已经停滞不前，从技术分析的角度来看，比特币正迅速迈向潜在需求区域。所以，请保持警惕！

Token Events

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Conferences

会议

Token Talk

代币谈话

By Shaurya Malwa

Shaurya Malwa

ALERT: LAZARUS LAUNDERING THROUGH THORCHAIN - MINIMUM $240M SO FAROver $240M of ETH has been sent through Thorchain by Lazarus-tagged wallets according to Arkham.These funds have mainly been swapped for native BTC.

警报：根据Arkham的说法，Lazarus通过Thorchain洗钱 - 至少2.4亿美元通过Lazarus标记的钱包通过Thorchain发送了2.4亿美元的ETH。这些资金主要换成本地BTC。

As the dust settles on the recent crypto market crash, new data from blockchain analytics firm Arkham reveals a massive money laundering operation unfolding in plain sight. According to Arkham, Lazarus-tagged wallets, notorious for their involvement in malicious activities, have been actively transferring enormous sums of ether through the Thorchain protocol.

随着最近最近一次加密市场崩溃的尘埃落定，区块链分析公司阿卡姆的新数据显示出了一场大规模的洗钱业务。根据阿卡姆（Arkham）的说法，拉撒路（Lazarus）标记的钱包因参与恶意活动而臭名昭著，通过胸腔协议积极转移了巨额资金。

In a series of tweets, Arkham highlights how these Lazarus wallets, linked to North Korea's cybercrime activities, systematically sent billions of won in KICP (the native token of the Korean cryptocurrency exchange) to ether and then utilized the Thorchain protocol to swap the ETH for BTC.

在一系列推文中，阿克汉姆（Arkham）强调了这些拉撒路钱包与朝鲜网络犯罪活动有联系，系统地将数十亿韩元（韩国加密货币交易所的本地托管）送给了以太，然后利用Thorchain协议将ETH交换为BTC。

"The AML [anti-money laundering] implications of this are significant. It appears that Lazarus is able to easily and quickly launder large amounts of crypto by leveraging DeFi protocols like Thorchain," stated Arkham.

Arkham说：“ AML [反洗钱]对此的影响很大。似乎Lazarus能够通过利用Thorchain（例如Thorchain）的Defi协议轻松而迅速地洗钱。”

The scale of the operation is staggering. According to Arkham's analysis, at least $240 million in ETH has been laundered through Thorchain so far, with the true figure potentially even higher.

操作的规模令人惊叹。根据阿卡姆（Arkham）的分析，到目前为止，通过索尔奇（Thorchain）洗了至少2.4亿美元的ETH，真正的数字可能更高。

The majority of the laundered funds were later used to purchase bitcoin on the decentralized exchange protocol, highlighting the Lazarus group's preference for the flagship cryptocurrency.

后来，大多数洗钱资金用于在分散的交换协议上购买比特币，突出了拉撒路集团对旗舰加密货币的偏爱。

The operation began in February 2023, with the KICP tokens being transferred to a specific address on the Huobi exchange. From there, the tokens were sold for USDT, which was subsequently used to purchase ether on FTX.

该操作始于2023年2月，KICP令牌被转移到Huobi Exchange上的特定地址。从那里，代币被出售给USDT，后来用于在FTX上购买以太。

The stolen funds were then moved to a new wallet, eventually reaching a Lazarus-tagged address on March 9. After March 9, the same batch of ETH tokens was used to perform several swaps on Thorchain, enabling the seamless conversion of ether to bitcoin.

然后将被盗的资金移至新钱包，最终于3月9日到达了拉撒路标签的地址。3月9日之后，相同批次的ETH代币被用来对Thorchain进行多次交换，从而使Ether无缝转换为Bitcoin。

Derivatives Positioning

衍生物定位

The aggregate bitcoin notional value across major centralized exchanges like Binance, Coinbase and Huobi fell by 9% over the past 24 hours to $97 billion, compared with a 7% increase in the aggregate ether notional value to $80 billion, according to CCData.

根据CCDATA的数据，诸如Binance，Coinbase和Huobi等主要集中式交易所的总比特币概念价值在过去24小时内下降了9％，达到970亿美元，而总概念价值增加了​​7％，达到800亿美元。

The total notional value across all 10 cryptocurrencies followed by CCData also dropped by 6% to $147 billion, with bitcoin and ether

所有10个加密货币的总概念价值也下降了6％，至1.47亿美元，比特币和以太币