在革命性的公告，技术发展和监管动荡之中，加密生态系统继续证明这既是无限创新的领域，也是监管和经济冲突的战场。

这是过去一周中有关比特币，以太坊，二元，索拉纳和波纹的最重要消息的摘要。

The crypto ecosystem continues to be a territory of both boundless innovations and regulatory and economic conflicts. Amid revolutionary announcements, technological evolutions, and legal turbulences, the major news from the past week concerning Bitcoin, Ethereum, Binance, Solana, and Ripple is summarized below.

加密生态系统仍然是无限创新以及监管和经济冲突的领域。在革命性的公告，技术演变和法律动荡之中，过去一周的主要新闻涉及比特币，以太坊，binance，solana和Ripple。

Bitcoin faces unprecedented liquidity crisis according to Glassnode

比特币面对玻璃节的前所未有的流动性危机

The Bitcoin market is experiencing a liquidity crisis as less capital flows in and institutional investors are disengaging. On-chain transactions have decreased by 54% since late February, while futures open interest has fallen by 35%. As highlighted by Glassnode, a widening gap exists between short-term investors, who are down 7 billion dollars, and long-term holders who remain despite volatility.

比特币市场正在经历流动性危机，因为资本流入较少，机构投资者正在脱离。自2月下旬以来，链上交易减少了54％，而期货开放利息下降了35％。正如GlassNode所强调的那样，短期投资者（下降了70亿美元）和尽管波动性仍然存在的长期持有人之间存在扩大的差距。

Coinbase becomes the largest Ethereum node operator

Coinbase成为最大的以太坊节点操作员

Coinbase has emerged as the leading operator of Ethereum nodes, controlling 11.42% of staked ETH, which translates to nearly 6.8 billion dollars. With over 120,000 active validators and a participation rate of 99.75%, the platform dominates staking. While this situation ensures stability and reliability, it also raises questions about the decentralization of Ethereum, a key pillar of its initial philosophy.

Coinbase已成为以太坊节点的领先运营商，控制了11.42％的Staked ETH，这转化为近68亿美元。该平台拥有超过120,000个主动验证者，参与率为99.75％，主导了Stick。尽管这种情况确保了稳定性和可靠性，但它还提出了有关以太坊的权力下放的疑问，以太坊（其最初哲学的关键支柱）。

U.S. justice lifts sanctions against crypto mixer Tornado Cash

美国正义提高对加密货币龙卷风现金的制裁

The U.S. justice system has decided to lift the sanctions against Tornado Cash after concluding that its smart contracts could not be considered legal entities. Accused of facilitating the laundering of over 7 billion dollars, particularly by the Lazarus group, the crypto mixer had been banned in 2022. This decision marks a turning point in recognizing decentralization despite regulatory attempts.

美国司法系统已决定在得出结论认为其智能合同不能被视为法人实体后，决定取消对龙卷风现金的制裁。被指控促进了超过70亿美元的洗涤，特别是由拉撒路集团（Lazarus Group）洗钱，加密货币混音器在2022年被禁止。尽管有监管尝试，但该决定标志着承认权力下放的转折点。

Michael Saylor predicts the end of the euro without Bitcoin

迈克尔·塞勒（Michael Saylor）预测欧元的结束而没有比特币

Economist Michael Saylor claims that Europe risks losing its monetary sovereignty if it does not integrate Bitcoin. According to him, the massive adoption of cryptos in the United States and the dominance of dollar-backed stablecoins threaten the euro, especially with American tech giants already controlling digital payments. The ECB is relying on the digital euro to counter this trend, but Saylor believes that only Bitcoin can save Europe.

经济学家迈克尔·塞勒（Michael Saylor）声称，如果欧洲不整合比特币，欧洲就会失去其货币主权。据他说，在美国大规模采用加密货币以及美元支持的Stablecoins的主导地位威胁到欧元，尤其是在美国科技巨头已经控制数字支付的情况下。欧洲央行依靠数字欧元来应对这一趋势，但塞勒（Saylor）认为只有比特币可以节省欧洲。

Ripple wins decisive victory against the SEC

Ripple赢得了对SEC的决定性胜利

The SEC has officially dropped its lawsuit against Ripple, marking the end of four years of legal battles. This outcome confirms that XRP is not a financial security, according to the Howey test, and thus opens the door for potential approval of an XRP ETF. Following this announcement, the price of XRP surged by 12%, reaching $2.4.

SEC已正式放弃了针对Ripple的诉讼，标志着四年的法律斗争终结。根据Howey测试，该结果证实了XRP不是财务安全，因此为潜在批准XRP ETF打开了大门。在此公告之后，XRP的价格上涨了12％，达到2.4美元。

Binance deploys Pascal to accelerate the BNB Chain

Binance部署Pascal以加速BNB链

Binance has launched the Pascal update on the BNB Chain, aiming to reduce transaction fees and improve speed. This evolution allows dApps to benefit from better flexibility, and enhances compatibility with the Ethereum ecosystem. The goal is to make the BNB Chain a high-performance network capable of rivaling other blockchains in terms of speed and costs.

Binance已在BNB链上启动了Pascal更新，旨在降低交易费用并提高速度。这种演变使DAPP可以从更好的灵活性中受益，并增强与以太坊生态系统的兼容性。目的是使BNB链成为一个高性能网络，能够在速度和成本方面与其他区块链媲美。

Bitcoin, Dogecoin… The SEC clarifies the legality of PoW mining

比特币，狗狗……SEC澄清了Pow Mining的合法性

The SEC has stated that Proof-of-Work (PoW) mining is not considered a securities offering. As long as miners receive rewards automatically without depending on the efforts of others, they are not subject to the Securities Act of 1933. This clarification brings relief to the industry, particularly for Bitcoin and Dogecoin miners, although the SEC remains vigilant about other aspects of the crypto sector.

SEC表示，工作证明（POW）采矿不被视为证券提供。只要矿工自动获得奖励而不取决于他人的努力，他们就不受1933年的《证券法》的约束。这种澄清会使该行业缓解，尤其是对比特币和狗狗币矿工，尽管SEC仍然对加密部门的其他方面保持警惕。