那一年：塑造 2024 年加密货币行业格局的关键主题

2024 年 1 月，美国证券交易委员会 (SEC) 接受了 11 只现货币 ETF 的申请，开启了新的一年。

2024 was a year of highs and lows for the cryptocurrency industry. Here's a look back at the key moments that shaped the crypto landscape this year.

2024 年是加密货币行业高潮和低谷的一年。以下是塑造今年加密货币格局的关键时刻。

After years of anticipation, 2024 finally saw the institutionalisation of key crypto tokens like Bitcoin and Ethereum with the approval of their exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). This was a watershed moment for the industry, paving the way for greater accessibility and structural demand from traditional capital pools. As of December 26, the Bitcoin ETF market cap stood at $136.5 billion, according to market tracker Blockworks.

经过多年的期待，2024 年，比特币和以太坊等关键加密代币终于实现了制度化，其交易所交易基金 (ETF) 获得了美国证券交易委员会 (SEC) 的批准。这是该行业的一个分水岭，为传统资本池的更大可及性和结构性需求铺平了道路。根据市场追踪机构 Blockworks 的数据，截至 12 月 26 日，比特币 ETF 市值为 1365 亿美元。

Later in the year, eight Ethereum ETFs also received approval, setting the stage for more tokens to follow suit in 2025.

今年晚些时候，八只以太坊 ETF 也获得了批准，为 2025 年更多代币效仿奠定了基础。

In April, Bitcoin underwent its fourth halving event, a phenomenon that occurs roughly every four years and is designed to reduce the rewards and supply for mining Bitcoin. This scarcity measure contributed to a surge in Bitcoin prices leading up to the halving.

今年四月，比特币经历了第四次减半事件，这种现象大约每四年发生一次，旨在减少比特币挖矿的奖励和供应。这种稀缺性措施导致比特币价格飙升，导致减半。

On the domestic front, the cryptocurrency industry was hit by its biggest crisis to date when India's largest crypto exchange, WazirX, faced a $230-million cyberattack, wiping out nearly 40 percent of its funds. The incident sparked panic among users and prompted the platform to temporarily halt trading while working on a business restructuring plan to bail out affected users. Industry insiders expressed concern that this event could further delay regulatory talks with the government.

在国内方面，加密货币行业遭遇了迄今为止最严重的危机，印度最大的加密货币交易所 WazirX 面临价值 2.3 亿美元的网络攻击，损失了近 40% 的资金。该事件引发了用户恐慌，并促使该平台暂时停止交易，同时制定业务重组计划以救助受影响的用户。业内人士担心，这一事件可能会进一步推迟与政府的监管谈判。

In December 2023, the finance ministry had issued notices to nine offshore crypto exchanges for non-compliance with the country's money-laundering laws. These entities, including Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex, were given seven days to comply or face action.

2023 年 12 月，财政部向 9 家离岸加密货币交易所发出了不遵守该国反洗钱法的通知。这些实体，包括 Binance、Kucoin、Huobi、Kraken、Gate.io、Bittrex、Bitstamp、MEXC Global 和 Bitfinex，被限期 7 天遵守规定，否则将面临诉讼。

Following this directive, URLs and apps of these platforms were blocked in India. However, Binance and KuCoin eventually registered in India and became compliant with the provisions of the Prevention of Money Laundering Act (PMLA), 2002. Both platforms also paid fines to the Financial Intelligence Unit in India (FIU-IND), with Binance being imposed a penalty of Rs 18.82 crore and KuCoin becoming operational after paying a penalty fee of Rs 34.5 lakh.

根据该指令，这些平台的 URL 和应用程序在印度被屏蔽。然而，币安和库币最终在印度注册，并遵守 2002 年《防止洗钱法》（PMLA）的规定。这两个平台还向印度金融情报机构（FIU-IND）缴纳了罚款，币安被处以罚款。罚款 1882 千万卢比，KuCoin 在支付 345 万卢比罚款后开始运营。

The year also saw a strong performance by Bitcoin, with its price soaring over 100 percent year-to-date and peaking at over $100,000 for the first time ever. This surge was largely attributed to the pro-crypto stance of Donald Trump, who won the recent US presidential election and promised to make the country the “crypto capital of the planet”.

比特币今年也表现强劲，其价格年初至今飙升超过 100%，并首次突破 10 万美元峰值。这一激增很大程度上归因于唐纳德·特朗普的支持加密货币立场，他赢得了最近的美国总统大选，并承诺使该国成为“地球的加密货币之都”。

In the lead-up to the election, Bitcoin prices rose sharply as anticipation grew over Trump's potential policies, including the creation of a “strategic bitcoin reserve”. As Trump prepares to be sworn in on January 20, industry players remain hopeful that the ongoing crypto bull run will continue beyond its usual duration.

在大选前夕，随着人们对特朗普潜在政策（包括建立“战略比特币储备”）的预期不断增强，比特币价格大幅上涨。随着特朗普准备于 1 月 20 日宣誓就职，业内人士仍然希望正在进行的加密货币牛市将持续超过通常的持续时间。

Closer to home, following the US' move, industry experts are expecting some developments in the Indian crypto regulatory framework in 2025. The Indian government, however, has maintained its stance on being a part of a global regulatory framework rather than regulating crypto at the country level.

言归正传，继美国的举措之后，行业专家预计印度加密货币监管框架将在 2025 年取得一些进展。然而，印度政府仍然坚持成为全球监管框架一部分的立场，而不是在全球范围内监管加密货币。国家级别。

Dilip Chenoy, chairman of the crypto and Web3 industry body Bharat Web3 Association (BWA), expressed his hopes for some alignment on regulatory clarity, especially considering that most Web3 founders from India have already moved out to other countries.

加密货币和 Web3 行业机构 Bharat Web3 协会 (BWA) 主席 Dilip Chenoy 表示，他希望在监管清晰度方面达成某种一致，特别是考虑到大多数来自印度的 Web3 创始人已经搬到其他国家。

“A lot of the Indian crypto and Web3 founders are sadly located in Singapore or Dubai right now due to ease of working. They are very eager on regulations (being put in place). We need a level playing field here for Indian and global platforms,” he told Moneycontrol earlier this month.

“遗憾的是，由于工作方便，许多印度加密货币和 Web3 创始人目前都居住在新加坡或迪拜。他们非常渴望法规（落实到位）。我们需要为印度和全球平台提供一个公平的竞争环境，”他本月早些时候告诉 Moneycontrol。

Sidharth Sogani, CEO of Blue Aster Capital, a crypto-focused hedge fund and research platform, predicted that Bitcoin prices will rally past $300,000 in 2025 with the floodgates of institutional funds opening up through ETFs and more payments happening through cryptos in the US.

专注于加密货币的对冲基金和研究平台 Blue Aster Capital 的首席执行官 Sidharth Sogani 预测，随着机构基金通过 ETF 开放以及美国通过加密货币进行更多支付，比特币价格将在 2025 年上涨至 30 万美元以上。

“I see payments through crypto open in all the US states. All the payment gateways around cryptos will start integrating and there will be an increase in adoption. There will be more institutional investments coming in too as at least 50-60 tokens will come up with ETFs next year,” he told Moneycontrol.

“我看到美国所有州都开放通过加密货币进行支付。所有围绕加密货币的支付网关都将开始整合，并且采用率将会增加。明年也会有更多的机构投资进入，至少有 50-60 个代币将推出 ETF。”他告诉 Moneycontrol。

Sogani also expressed his optimism regarding crypto regulations in India in 2025, especially with the US government setting a clear precedent.

Sogani 还对 2025 年印度的加密货币监管表示乐观，尤其是美国政府树立了明确的先例。

“When the US SEC will have clarity on crypto regulations and crypto treasury gets allowed in the US—we will have all the announcements and plans by the beginning of February after the Trump swearing-in ceremony. India will have a benchmark to look up to. India might also bring in regulations. I expect regulations to be at

“当美国 SEC 明确加密货币法规并允许加密货币金库进入美国时，我们将在 2 月初特朗普宣誓就职仪式后发布所有公告和计划。印度将有一个值得借鉴的基准。印度也可能引入法规。我预计法规将在