2025年以爆炸和模因开始。

比特币在加密市场中的主导地位和美国政治气候，将数字资产置于焦点。

The year 2025 kicked off with a bang and a meme. Just weeks into the New Year, a frenzy of politically fueled memecoins sent Crypto Twitter into overdrive, while lawmakers on both sides of the Atlantic turned up the heat on stablecoins, securities laws and tokenized assets, usually with different approaches.

2025年以爆炸和模因开始。新的一年仅几周后，一大批政治上燃料的纪念物使Crypto Twitter陷入了超速驱动，而大西洋两边的立法者通常会采用稳定的股份，证券法和标记资产的热量，通常采用不同的方法。

It was a whirlwind first quarter, shaped by Bitcoin's (BTC) dominance in the crypto market and a US political climate that put digital assets back in the spotlight. Q1 delivered no shortage of storylines.

这是一个旋风的第一季度，由比特币（BTC）在加密货币市场中的优势和美国政治气候塑造，将数字资产恢复正聚焦。第1季度不乏故事情节。

Who better to break it all down than the journalists tracking it in real time? In the latest episode of Decentralize with Cointelegraph, editorial team members sit down for an unfiltered newsroom roundtable.

谁比实时跟踪它更好地分解所有内容？在与Cointelegraph的分散式中心的最新一集中，编辑团队成员坐下来寻找一个未过滤的新闻编辑室圆桌会议。

Savannah Fortis, head of podcasts and EU reporter, is joined by Gareth Jenkinson, chief of multimedia; Zoltan Vardai, breaking news reporter on the EU news team; and Vince Quill, US news reporter, to reflect on Q1's biggest stories and what they signal for the months ahead.

播客和欧盟记者的主管萨凡纳·富斯（Savannah Fortis）与多媒体负责人加雷斯·詹金森（Gareth Jenkinson）一起加入； Zoltan Vardai，欧盟新闻团队中的新闻记者；美国新闻记者的文斯·奎尔（Vince Quill）反思了第一季度最大的故事及其未来几个月的信号。

Memecoins, power and perception

成人，权力和感知

As memecoins surged in early 2025, questions regarding their legitimacy and political entanglement intensified. For Cointelegraph's editorial team, the frenzy wasn't just a market quirk, it revealed deep tensions among innovation, opportunism and influence.

随着Memecoins在2025年初激增，有关其合法性和政治纠缠的问题加剧了。对于Cointelegraph的社论团队而言，Frenzy不仅是市场怪癖，而且揭示了创新，机会主义和影响力之间的紧张局势。

Jenkinson was first to comment on what the impact of US President Donald Trump and greater memecoin frenzies may mean for the industry in the long term, saying, "I struggle to still trust what the Trump administration and his group of advisers are doing, when they are launching things like memecoins..."

詹金森（Jenkinson）首先评论了美国总统唐纳德·特朗普（Donald Trump）和更大的纪念性狂热对这个行业的影响，从长远来看，他说：“我仍然很难相信特朗普政府及其顾问小组在发起诸如Memecoins之类的事情...''之类的事情……”

The team acknowledged that while regulatory clarity and institutional support have created a more stable environment for crypto companies in general since the new administration took office, that progress risks being overshadowed by spectacle.

该团队承认，尽管新政府上任以来，虽然监管清晰度和机构支持为一般的加密货币公司创造了一个更稳定的环境，但这种进步风险被奇观所掩盖。

More memes...

更多模因...

Trump's big moves seem to domino into other political figures, namely Argentina's President Javier Milei, to become entangled in a high-profile memecoin controversy that rippled far beyond national politics.

特朗普的重大举动似乎是多米诺骨牌，即阿根廷总统贾维尔·米利（Javier Milei），即陷入备受瞩目的成员争议中，纠缠于远远超出国家政治的争议。

For an industry seeking legitimacy, this kind of involvement by world leaders sends a mixed message. "It's terrible for the industry," Jenkinson added. "Milei was supposed to be a savior for Argentina after years of hyperinflation. And now he's launching a memecoin with a known rug puller."

对于寻求合法性的行业，世界领导人的这种参与传达了一个不同的信息。詹金森补充说：“这对行业来说是可怕的。” “经过多年的过度通货膨胀，麦利本应该是阿根廷的救世主。

Still, the roundtable remained hopeful. "I'm an eternal optimist," he continued. "At least we got the affirmation for Bitcoin. People now understand what it is, governments are starting to hold it. That's how good the fundamentals are."

尽管如此，圆桌会议仍然充满希望。他继续说：“我是一个永恒的乐观主义者。” “至少我们得到了比特币的肯定。人们现在了解它的含义，政府开始持有它。这就是基本面的良好。”

Stablecoins and the altcoin fallout

Stablecoins和Altcoin辐射

While much attention has centered on Bitcoin's institutional glow-up and the memecoin spectacle, several members of the Cointelegraph team voiced deeper concerns around emerging stablecoin legislation and the quiet moves behind it.

尽管非常关注比特币的机构发光及Memecoin奇观，但Cointelegraph团队的几个成员对新兴的Stablecoin立法及其背后的安静行动提出了更深刻的关注。

"One thing that I think kind of flew under the radar is that the Trump-linked World Liberty Forum actually launched a US dollar-backed stablecoin in March," Vardai pointed out.

瓦尔代指出：“我认为在雷达下飞行的一件事是，与特朗普有联系的世界自由论坛实际上在3月推出了一笔以美元支持的Stablecoin。”

The fallout from politically aligned memecoins has also weighed heavily on the broader crypto markets, particularly altcoins. "Altcoins aren't really winning at all this quarter," Vardai also noted.

政治上一致的纪念物的后果在更广泛的加密货币市场，尤其是Altcoins方面也很大程度上打击了。瓦尔泰还指出：“本季度并没有真正获胜。”

So what defined Q1 of 2025? Tune in to the full episode to hear all of the insights!

那么什么定义了2025年的Q1？收看完整的一集，以听取所有见解！

Listen to the full episode of Decentralize with Cointelegraph on Cointelegraph's podcast page, Spotify, Apple Podcasts or your podcast platform of choice. And don't forget to check out Cointelegraph's full lineup of other shows!

在Cointelegraph的播客页面，Spotify，Apple Podcasts或您选择的播客平台上，在Cointelegraph的播客页面上收听Cointelegraph的全部情节。而且，不要忘记查看Cointelegraph的其他演出阵容！