特朗普确保加密保护区的新策略涉及比特币（BTC），以太（ETH），XRP和Solana的Sol

美国总统唐纳德·特朗普（Donald Trump）似乎正在采用相同的策略来确保由比特币（BTC）以及可能（ETH）组成的保证战略加密储备。

U.S. President Donald Trump’s Sunday post on Truth Social, where he expressed his expectation for payments-focused XRP, Solana's SOL, and Cardano's ADA tokens to be included in the strategic digital assets reserve with bitcoin (BTC) and ether (ETH) at the core, drew an exuberant initial response.

美国总统唐纳德·特朗普（Donald Trump）关于真相社会的周日帖子，他表示对以付款为重点的XRP，索拉纳（Solana）的索尔（Solana's Sol）和卡尔达诺（Cardano）的ADA令牌表示期望与比特币（BTC）和核心（ETH）的战略数字资产储备一起纳入了核心，并在核心中纳入了良好的初步回应。

The post had the total crypto market cap rise by 11% or $300 billion to $3.09 trillion. However, the rally ran out of steam Monday as market participants began criticizing Trump for being misinformed or ignorant for backing the inclusion of XRP and ADA.

该职位的总加密市值增长了11％或3000亿美元，至3.09万亿美元。但是，周一的集会耗尽，因为市场参与者开始批评特朗普因支持XRP和ADA的支持而被误导或无知。

As expected, the initial excitement paved the way for the realization that Trump still needs to secure Congressional approval, and the plans to invest in altcoins contradict D.O.G.E's efforts to cut costs and bring down debt.

正如预期的那样，最初的兴奋为意识到特朗普仍然需要获得国会批准的意识铺平了道路，而投资替代币的计划与Doge削减成本和减少债务的努力相抵触。

"Big problem here is optics. When you include altcoins whose use case is too nascent to be deemed 'nationally strategic,' you risk the assumption of inside dealing even if it were patently false. This is politically negative, even among a subset of crypto enthusiasts," Jeff Park, head of alpha strategies at Bitwise Investment Management, said on X, formerly known as Twitter.

“这里的大问题是光学的。当您包括altcoins的用例过于新生而无法被认为是'全国战略性的，即使在内部交易中也有可能是虚假的。这在政治上是负面的，即使是加密货币爱好者的一部分，也是在Xertlyest Management的Alpha Investment Management的负责人Jeff Park，''

"Trump is about to understand in crypto land what bitcoin—and only bitcoin—represents," Park added.

帕克补充说：“特朗普将要在加密货币中理解比特币（只有比特币）的代表。”

However, per some observers, the mention of altcoins appears to serve as a form of extreme demand, intended to overwhelm the opposition (Congress) and create leverage in discussions about the strategic crypto reserve.

但是，根据一些观察者，提及山寨币似乎是一种极端需求的形式，旨在压倒反对派（国会）并在讨论有关战略加密保护区的讨论中产生杠杆作用。

"The announcement is probably just Trump's usual negotiation tactic. I.e. Calling for a Strategic Reserve with XRP, SOL and ADA, so he can get one for BTC (and maybe ETH)," Ilan Solot, senior global market strategist at Marex Solutions, said in a client note titled "Curb Your Enthusiasm."

“这一宣布可能只是特朗普通常的谈判策略。

Solot added that the U.S. would retain the apprehended digital asset stockpile, but the probability of the government buying fresh BTC is less than 50%. Meanwhile, the odds of ETH purchases are small but real while those for altcoins are miniscule.

Solot补充说，美国将保留逮捕的数字资产库存，但政府购买新的BTC的可能性不到50％。同时，ETH购买的几率很小，但实际上是真实的，而altcoins的几率很小。

Critiquers argue against XRP and ADA by pointing out that these cryptocurrencies lack the real-world presence and the established utility of Ethereum and Solana, which actively support financial activities through stablecoins.

批评者指出，这些加密货币缺乏现实世界中的存在和以太坊和索拉纳的既定实用性，反对XRP和ADA，这些加密货币通过Stablecoins积极支持财务活动。

Additionally, the CME has not yet announced plans to list XRP and ADA futures, which is probably why many are against the addition of these coins to the national reserve. Note that before approving the spot bitcoin and ether ETFs, the SEC had approved ETFs investing in the CME-listed BTC and ETH futures, trusting the exchange's monitoring system to take care of the price manipulation concerns.

此外，CME尚未宣布列出XRP和ADA期货的计划，这可能就是为什么许多人反对将这些硬币添加到国家储备中的原因。请注意，在批准现货比特币和Ether ETF之前，SEC批准了对CME上市的BTC和ETH Futures投资的ETF，相信交易所的监视系统可以解决价格操纵问题。

Jason Atkins, chief commercial officer at crypto-making firm Auros, said that market reactions to Trump announcements unfold in three phases, with the first characterized by rumors, the second by a hyperbolic announcement and the final one by tough negotiations.

加密公司Auros的首席商务官Jason Atkins表示，市场对特朗普宣布的市场反应分为三个阶段，第一个以谣言为特征，第二个是由双曲线公告，最后一个是艰难的谈判。

"The second phase is triggered by an official announcement from Trump or his team, which tends to mirror the speculative nature of the first. His negotiation style –characterized by hyperbole, outsized promises, and demands beyond what is immediately feasible – often results in an initial surge in sentiment. We saw this overnight, as the market reacted positively, largely due to the relief following the risk reduction in phase one. However, caution is warranted," Atkins said in a late Monday email to CoinDesk.

“第二阶段是由特朗普或他的团队的正式宣布引发的，这些公告往往反映了第一阶段的投机性质。他的谈判风格（由夸张的诺言，巨大的承诺所表现出来，超出了立即可行的要求） - 通常会导致最初的情绪激增。我们看到了这一过夜，因为这一市场迅速反应，这是临时的阶段，这是一个阶段的临时，这是一个阶段的临时，这是一个阶段，这是一个阶段，这是一个阶段的临时，即“重新计算”。阿特金斯在周一晚些时候给科德斯克的电子邮件中说。

Atkins added that the possibility of another leverage washout remains high as investors reassess the reality of bureaucracy, negotiations, and the uncertainty surrounding the actual flow of funds.

阿特金斯补充说，随着投资者重新评估官僚机构，谈判和围绕实际资金实际流动的不确定性的现实，另一种杠杆冲洗的可能性仍然很高。

"Given that Congressional approval remains a hurdle and the timing of real fund movements is uncertain, traders and investors will need to assess whether this is a structural shift or just another cycle of speculation-driven volatility," Atkins noted.

阿特金斯指出：“鉴于国会的批准仍然是一个障碍，而真正的基金运动的时机尚不确定，交易者和投资者将需要评估这是结构性的转变还是另一个由投机驱动的波动性的周期。”