I.前景

上周，美国股市经历了明显的波动。自去年选举日以来，标准普尔500指数和纳斯达克指数已完全回顾了所有收益。

The U.S. stock market experienced significant volatility last week, with the S&P 500 and Nasdaq indices completely retracing all gains since last year's election day. The Federal Reserve's Beige Book, released last Wednesday, indicated a slight uptick in overall economic activity in the U.S. since mid-January. However, corporate pessimism about the future is on the rise, primarily due to increasing uncertainties brought about by the Trump administration, especially regarding tariffs.

上周，美国股市经历了明显的波动性，自去年选举日以来，标准普尔500指数和纳斯达克指数完全回顾了所有收益。上周三发行的美联储的米色书籍表明，自1月中旬以来，美国的整体经济活动略有上升。但是，对未来的企业悲观主义正在上升，这主要是由于特朗普政府带来的不确定性越来越大，特别是关于关税。

In the future, the U.S. economy faces multiple challenges, including insufficient consumer momentum, poor employment data, and an expanding trade deficit. In the coming months, policy decisions and the global economic situation will have a significant impact on the U.S. economy.

将来，美国经济面临多个挑战，包括消费者势头不足，就业数据和不断扩大的贸易赤字。在接下来的几个月中，政策决策和全球经济状况将对美国经济产生重大影响。

The cryptocurrency market also experienced significant volatility last week, with regulatory policies and macroeconomic factors continuing to influence market trends. Although the U.S. policy's "cryptocurrency strategic reserve" briefly boosted the market, the impact on the crypto market is relatively limited in the short term since the Bitcoin reserve policy does not involve new purchases. Against the backdrop of ongoing accumulation of U.S. government debt, the likelihood of incremental funds flowing into the cryptocurrency market in the short term is also relatively low. Bitcoin and Ethereum once again tested the $80,000 and $2,000 thresholds, respectively, and investors should remain vigilant about the possibility of new lows.

上周，加密货币市场也经历了明显的波动性，监管政策和宏观经济因素继续影响市场趋势。尽管美国政策的“加密货币战略储备”短暂地增强了市场，但由于比特币储备政策不涉及新购买，因此对加密货币市场的影响相对有限。在美国政府债务持续积累的背景下，短期内流入加密货币市场的增量可能性也相对较低。比特币和以太坊再次测试了80,000美元和2,000美元的门槛，投资者应该对新低点的可能性保持警惕。

Electron Labs is a general-purpose ZK (Zero-Knowledge) proof aggregation layer based on Ethereum, aiming to maintain decentralization by using light clients and zero-knowledge proofs to aggregate proofs from various use cases into a single super proof, effectively reducing costs for each use case.

电子实验室是基于以太坊的通用ZK（零知识）证明聚合层，旨在通过使用光线客户和零知识证明来维持分散式化，以将各种用例的证明汇总到单个超级证明中，从而有效地降低了每种用例的成本。

Its goal is to create a high-throughput, low-latency, and decentralized blockchain interoperability protocol.

它的目标是创建高通量，低延迟和分散的区块链互操作性协议。

The Electron Labs team is composed of experienced engineers from Stanford, MIT, and Magic Eden, and its seed funding is led by a prominent blockchain VC firm.

电子实验室团队由来自斯坦福大学，麻省理工学院和魔术伊甸园的经验丰富的工程师组成，其种子资金由一家著名的区块链VC公司领导。

Its mission is to realize the vision of a scalable, secure, and inclusive Web3.

它的使命是实现可扩展，安全和包容性Web3的愿景。

Electron Labs' technology can be applied to various use cases, including cross-chain bridges, DeFi protocols, and DAOs.

电子实验室的技术可以应用于各种用例，包括跨链桥，DEFI协议和Daos。

Its vision is to build a future where blockchain technology empowers everyone to live better and more fulfilling lives.

它的愿景是建立一个未来，区块链技术使每个人都能过上更好，更充实的生活。

Orochi Network, a verifiable data infrastructure startup, has raised $12 million in funding to provide solutions for some of the most pressing challenges facing the future of internet decentralization.

Orochi Network是一家可验证的数据基础架构初创公司，已筹集了1200万美元的资金，为互联网权力下放的未来面临的一些最紧迫的挑战提供解决方案。

Founded in 2024, Orochi Network is focused on building a more scalable, secure, and user-friendly Web3.

Orochi Network成立于2024年，致力于构建更可扩展，安全和用户友好的Web3。

Its verifiable data infrastructure supports zero-knowledge proofs (ZKP) and provides solutions for scalability, privacy, and data integrity.

其可验证的数据基础架构支持零知识证明（ZKP），并为可扩展性，隐私和数据完整性提供解决方案。

Its goal is to enable decentralized applications (dApps) to serve billions of users without compromising on security or decentralization.

它的目标是使分散的应用程序（DAPP）能够为数十亿用户提供服务，而不会损害安全或权力下放。

Its vision is a world where technology empowers people and promotes a more equal and sustainable society.

它的愿景是一个技术赋予人们并促进更平等和可持续的社会的世界。

Spheron Network, a decentralized computing network, has raised seven-digit seed funding from Blockwall Capital and cryptoeconomic consulting firm DeepChain to help it provide instant access to scalable GPU resources.

Spheron Network是一个分散的计算网络，已从Blockwall Capital和CryptoSonsic Consulting公司DeepChain筹集了7位种子资金，以帮助其即时访问可扩展的GPU资源。

Spheron's PayChain-powered network aims to promote the efficient deployment and scaling of applications.

Spheron的薪资驱动网络旨在促进应用程序的有效部署和扩展。

Its platform allows users to quickly and easily connect to the best-suited supplier nodes.

它的平台使用户可以快速轻松地连接到最佳的供应商节点。

Its tokenized economic system ensures fairness and transparency in resource allocation.

它的标记经济体系可确保资源分配的公平性和透明度。

Its mission is to empower developers and entrepreneurs to build the next generation of decentralized applications.

它的使命是旨在增强开发商和企业家的能力，以建立下一代分散的应用程序。

Its vision is a future where technology serves humanity and promotes harmony with nature.

它的愿景是技术为人类服务并促进自然和谐的未来。