Galaxy Digital 为加密初创公司推出 1 亿美元风险基金

投资巨头 Galaxy Digital 正在推出一只 1 亿美元的基金，用于投资早期加密货币公司。该基金名为 Galaxy Ventures Fund I，将瞄准基于加密货币的金融应用程序、软件基础设施和协议。它的目标是在未来三年内投资 30 家初创公司，资金起价为 100 万美元。该基金的推出是在 Galaxy 于 2023 年将其风险投资业务整合到其资产管理业务之后进行的。

Galaxy Digital Introduces $100 Million Venture Fund for Early-Stage Crypto Companies

Galaxy Digital 为早期加密货币公司推出 1 亿美元风险基金

Financial services behemoth Galaxy Digital is venturing into the realm of early-stage crypto investments with the establishment of a $100 million fund. This move marks a significant expansion of the company's venture capital arm, Galaxy Ventures, which was previously solely funded by Galaxy Digital's balance sheet.

金融服务巨头 Galaxy Digital 设立了一只 1 亿美元的基金，正在进军早期加密货币投资领域。此举标志着该公司风险投资部门 Galaxy Ventures 的重大扩张，该部门此前完全由 Galaxy Digital 的资产负债表提供资金。

The Galaxy Ventures Fund I will invest in approximately 30 crypto startups over the next three years, focusing on companies developing financial applications, software infrastructure, and protocols built on blockchain technology. The fund's investment strategy aligns with Galaxy Digital's broader belief in the transformative potential of cryptocurrencies and decentralized technologies.

Galaxy Ventures Fund I 将在未来三年内投资约 30 家加密初创公司，重点关注开发基于区块链技术的金融应用程序、软件基础设施和协议的公司。该基金的投资策略符合 Galaxy Digital 对加密货币和去中心化技术的变革潜力的更广泛信念。

"The new fund will continue the success of our proprietary balance sheet investing but through a direct, institutional-grade fund," Galaxy Digital stated in an email to investors.

Galaxy Digital 在给投资者的电子邮件中表示：“新基金将通过直接的机构级基金继续我们专有资产负债表投资的成功。”

SEC Opens Comment Period on Three Ether Spot ETFs

美国证券交易委员会 (SEC) 对三只以太坊现货 ETF 开启征求意见期

The U.S. Securities and Exchange Commission (SEC) has initiated a three-week comment period for three proposed ether (ETH) spot exchange-traded funds (ETFs). The proposals, submitted by Grayscale Investments, Fidelity, and Bitwise, seek to provide investors with a regulated and accessible way to gain exposure to the second-largest cryptocurrency.

美国证券交易委员会 (SEC) 已对三只拟议的以太坊 (ETH) 现货交易所交易基金 (ETF) 启动为期三周的征求意见期。这些提案由 Grayscale Investments、Fidelity 和 Bitwise 提交，旨在为投资者提供一种受监管且可访问的方式来接触第二大加密货币。

Despite initial optimism following the SEC's approval of bitcoin spot ETFs in January, analysts have tempered their expectations for similar approvals for ether-based products. The SEC had previously resisted bitcoin ETF applications until a court ruling forced their hand. However, officials have since clarified that this decision does not extend to other cryptocurrencies.

尽管美国证券交易委员会 (SEC) 一月份批准比特币现货 ETF 后，分析师们最初持乐观态度，但分析师们已经降低了对基于以太坊的产品获得类似批准的预期。 SEC 此前曾拒绝比特币 ETF 申请，直到法院裁决迫使他们采取行动。然而，官员们随后澄清，这一决定并不适用于其他加密货币。

VanEck Predicts $1 Trillion Valuation for Ethereum Layer-2 Networks

VanEck 预测以太坊第 2 层网络估值将达到 1 万亿美元

Investment firm VanEck has published a bullish report on Ethereum layer-2 (L2) networks, predicting a potential valuation of over $1 trillion by 2030. The report assesses 46 L2 networks across five key areas and anticipates the emergence of numerous successful rollups.

投资公司 VanEck 发布了一份关于以太坊第 2 层 (L2) 网络的看涨报告，预测到 2030 年潜在估值将超过 1 万亿美元。该报告评估了五个关键领域的 46 个 L2 网络，并预计将出现大量成功的汇总。

Arbitrum currently leads the L2 ecosystem with over $18 billion in locked tokens, capturing a significant portion of the $36 billion locked across all 46 networks evaluated. VanEck analysts project that Ethereum will ultimately command a 60% market share among all public blockchains, based on the volume of assets within its ecosystem.

Arbitrum 目前以超过 180 亿美元的锁定代币引领 L2 生态系统，占据了评估的所有 46 个网络中 360 亿美元锁定代币的很大一部分。 VanEck 分析师预计，根据其生态系统内的资产数量，以太坊最终将在所有公共区块链中占据 60% 的市场份额。

Chart of the Day: Funding Rates Normalize after Bitcoin Price Pullback

每日图表：比特币价格回调后资金费率正常化

Annualized funding rates for perpetual futures tied to the top 25 cryptocurrencies by market value have normalized to between 10% and 20% following a recent decline in bitcoin prices.

随着近期比特币价格下跌，与市值排名前 25 的加密货币相关的永续期货的年化融资利率已正常化至 10% 至 20% 之间。

Elevated funding rates signal an influx of bullish leverage, which can often precede market corrections. Last month, funding rates spiked to over 100% for some cryptocurrencies, highlighting the speculative fervor that gripped the market.

融资利率上升预示着看涨杠杆的涌入，这通常会先于市场调整。上个月，一些加密货币的融资利率飙升至 100% 以上，凸显了市场的投机热情。

Additional Noteworthy Developments:

其他值得注意的进展：

• Wormhole's W token is offering astonishing returns of 999% a week on the Solana-based protocol Kamino.
• Crypto market maker GSR has secured a crypto license from the Monetary Authority of Singapore.
• Frax Finance expands to the Cosmos ecosystem through its new asset issuance chain, Noble.

Wormhole 的 W 代币在基于 Solana 的协议 Kamino 上提供每周 999% 的惊人回报。加密货币做市商 GSR 已获得新加坡金融管理局颁发的加密货币许可证。Frax Finance 通过其新的资产发行链扩展到 Cosmos 生态系统，高贵。