从2月24日至28日，由于美国总统唐纳德·特朗普（Donald Trump）重新激发了对“关税战争”的担忧，虚拟资产市场表现出弱点。

由研究所。 2021年2月28日更新。从2月24日至28日，虚拟资产市场表现出弱点

From February 24 to 28, the U.S. "Trump 2nd Administration"'s concerns over a ‘tariff war’ and last weekend’s hacking incident at Bybit, the world’s second-largest exchange, pushed the virtual asset market further down. Experts advise that premature investment should be approached with caution for the time being.

从2月24日至28日，美国对“关税战争”的担忧以及上周末在世界第二大交易所Bybit的黑客事件的担忧，将虚拟资产市场进一步推动。专家建议，应暂时谨慎进行早产投资。

As of 5 p.m. on the 28th of last month, the price of Bitcoin was recorded at $78,896 per coin, showing a 19.7% decrease from a week earlier. This marks the first time Bitcoin has fallen below $80,000 since November of last year. In a similar vein, the price of Ethereum, the leader among altcoins, decreased by 24% from a week earlier to $2,095. Moreover, most altcoins, including Ripple, BNB, and Solana, plummeted by 13% to 27%.

截至上个月28日下午5点，比特币的价格为每枚硬币78,896美元，显示比一周前下降19.7％。这标志着比特币自去年11月以来的第一次低于80,000美元。同样，以太坊（Altcoins中的领导者）的价格从一周前下降了24％，至2,095美元。此外，大多数Altcoins，包括Ripple，BNB和Solana，下降了13％至27％。

This is attributed to concerns over a tariff war triggered by the "Trump 2nd Administration" affecting investor sentiment towards risk assets. President Trump previously expressed his intention to impose a 25% tariff on steel and aluminum from Canada and Mexico. Additionally, trade tensions escalated as China announced retaliatory tariffs. Now, the emergence of stagflation, where inflation and an economic recession occur simultaneously, is becoming a concern.

这归因于对“特朗普第二届政府”触发的关税战争的担忧，影响了投资者对风险资产的情绪。特朗普总统此前表示，他打算对加拿大和墨西哥的钢铁和铝征收25％的关税。此外，随着中国宣布报复性关税，贸易紧张局势升级。现在，通货膨胀和经济衰退同时发生的街道浮灵的出现已成为一个问题。

Choi Seung-ho, a researcher at the Research Institute, remarked, "As the U.S.-led trade disputes continue, selling pressure driven by risk aversion is intensifying." He further added, "There is a possibility of a rebound buying trend focused on the assets that have plummeted, but caution is needed as the short- to medium-term downward trend has not reversed yet."

研究所的研究人员尚荣（Choi Seung-ho）表示：“随着美国领导的贸易纠纷的继续，销售由风险规避驱动的压力正在加剧。”他进一步补充说：“可能会出现反弹的购买趋势，集中在已经暴跌的资产上，但由于短期至中期的下降趋势尚未逆转，因此需要谨慎。”

◇ Bybit faces largest hacking incident in history… $1.4 billion worth of Ethereum stolen

the bybit面临历史上最大的黑客事件…价值14亿美元的以太坊被盗

On the 21st of last month, global virtual asset exchange Bybit suffered a hacking attack resulting in the theft of $1.46 billion (about 1.9 trillion won) worth of Ethereum. This hacking incident is suspected to be the work of the North Korean hacker group "Lazarus." Bybit has decided to directly purchase the stolen Ethereum to recover its assets.

上个月21日，全球虚拟资产交易所Bybit遭受了黑客攻击，导致价值14.6亿美元（约1.9万亿韩元）的以太坊盗窃。怀疑这一黑客事件是朝鲜黑客组织“拉撒路”的工作。 Bybit已决定直接购买被盗的以太坊以收回其资产。

As a result of this incident, the use of personal wallets (cold wallets) and decentralized finance (DeFi) is being considered as an alternative. However, experts advise that cautious choices are necessary depending on the investor's capabilities. While cold wallets allow for the secure storage of assets, losses incurred due to personal responsibilities, such as losing seed phrases or transfer mistakes, are difficult to recover from. Decentralized exchanges also carry hacking risks, and there is no means to receive compensation in case of losses.

由于这一事件，使用个人钱包（冷钱包）和分散融资（DEFI）被视为替代方案。但是，专家建议，根据投资者的能力，谨慎的选择是必要的。尽管冷钱包允许资产的安全存储，但由于个人责任而造成的损失，例如失去种子短语或转移错误，很难从中恢复过来。分散的交易所也具有黑客风险，如果亏损，则没有任何赔偿。

◇ Trump's meme coin controversy… Need for virtual asset regulation highlighted

◇特朗普的模因硬币争议…需要虚拟资产法规强调

President Donald Trump has issued the 'Official Trump' token, escalating the debate surrounding the legal status of meme coins. Ahead of his inauguration, President Trump unveiled the virtual asset 'Official Trump' via his social media (SNS). The coin skyrocketed to $75 just a day after its release, briefly placing its market capitalization at 20 trillion won.

唐纳德·特朗普（Donald Trump）总统发布了“官方特朗普”代币，升级了有关模因硬币法律地位的辩论。在就职典礼之前，特朗普总统通过其社交媒体（SNS）推出了虚拟资产“官方特朗普”。该硬币在发布后的一天仅飙升至75美元，将其市值放在20万亿韩元时。

In response to this, the Democratic Party in the U.S. House of Representatives is pushing a bill to prohibit public officials from issuing virtual assets. The bill, named the "Unpaid Official Web3 Issuance and Recovery Act," aims to ban the president, vice president, federal congressional members, and senior government officials from issuing, selling, holding, or profiting personally from any virtual asset. It is also proposed to recover any gains made through such activity.

为此，美国众议院的民主党正在推动一项法案，以禁止公职人员发行虚拟资产。该法案旨在禁止总统，副总统，联邦国会议员和高级政府官员从任何虚拟资产发行，出售，持有或从任何虚拟资产中亲自获利。还建议恢复通过此类活动所取得的任何收益。

Representative Sam Ricardo, who introduced the bill, criticized President Trump for exploiting finances by issuing meme coins and engaging in cryptocurrency speculation. He stated, "Political authority should not be used to pursue personal gains. Especially in today's society, where the economy is rapidly changing and new technologies are emerging, government officials should set an example with integrity and focus on serving the public interest."

介绍该法案的代表萨姆·里卡多（Sam Ricardo）批评特朗普总统通过发行模因硬币并参与加密货币投机来利用财务。他说：“政治权威不应被用来追求个人收益。尤其是在当今社会，经济正在迅速变化，而新技术正在出现，政府官员应树立榜样，并专注于为公共利益服务。”

On the other hand, the Securities and Exchange Commission (SEC) under the U.S. Treasury has issued guidelines classifying meme coins as "collectibles," indicating an intent to ease regulatory burdens. The corporate finance office explained in a statement that meme coins do not fall under securities laws, thus not subjecting their issuance and trading to securities law.

另一方面，美国财政部的证券交易委员会（SEC）已发布了将模因硬币归类为“收藏品”的准则，表明有意减轻监管负担。公司财政办公室在一份声明中解释说，模因硬币不属于证券法，因此不会签发其发行和交易。

Consequently, holders of meme coins will not be covered by the protections of federal securities laws, and issuers are exempt from registration obligations. However, those who sell meme coins with the intent to deceive investors may still be subject to relevant state or federal laws. In addition, issuers will still need to comply with applicable state property, banking, and money services business laws.

因此，模因硬币的持有人不会受到联邦证券法的保护，并且发行人免于注册义务。但是，那些出售有意欺骗投资者的模因硬币的人仍然可能受到相关的州或联邦法律的约束。此外，发行人仍然需要遵守适用的州财产，银行和货币服务商业法。

The virtual asset industry reports that the controversy surrounding President Trump's issuance of meme coins has again highlighted the need for legal oversight and regulation. A representative from the Research Institute stated, "Speculative assets like meme coins are falling into regulatory blind

虚拟资产行业报告说，围绕特朗普总统发行模因硬币的争议再次强调了对法律监督和法规的需求。研究机构的一位代表说：“诸如模因硬币之类的投机资产正在陷入监管盲人