Crypto Industry Thrives in 2025, Embracing Maturity and Degen Spirit
加密產業在2025年蓬勃發展,擁抱成熟和德勁精神
Despite the early days of January, the crypto industry has already achieved remarkable milestones in 2025. Thanks in part to President Donald Trump's influence and the diminishing relevance of "woke" Democrats, the sector embarks on a new chapter with promising prospects on the horizon.
儘管在一月初,加密行業已經在2025 年取得了顯著的里程碑。前景光明。
Building on the momentum of 2024, when crypto shed its notoriety for scams and illicit activities, the industry has evolved into a respected player in the TradFi markets. Bitcoin ETFs, approved in January 2024, attracted a significant influx of Wall Street capital, propelling BTC to surpass the $100,000 mark. Subsequently, Ethereum and Solana ETFs emerged, further solidifying the embrace of crypto by traditional finance.
憑藉 2024 年的勢頭,加密貨幣擺脫了詐騙和非法活動的惡名,該行業已發展成為 TradFi 市場中受人尊敬的參與者。 2024 年 1 月批准的比特幣 ETF 吸引了華爾街資本的大量湧入,推動 BTC 突破 10 萬美元大關。隨後,以太坊和 Solana ETF 的出現,進一步鞏固了傳統金融對加密貨幣的擁抱。
This year, crypto strengthens its partnership with TradFi, aided by the SEC's increased compliance under Trump's leadership. However, despite these strides towards maturity, the crypto industry's degen spirit remains evident.
今年,在川普領導下 SEC 加強合規性的幫助下,加密貨幣加強了與 TradFi 的合作關係。然而,儘管取得了這些進步,加密產業的墮落精神仍然很明顯。
Bitwise, the company behind one of the first ten SEC-approved Bitcoin ETFs, has filed for a Dogecoin ETF. The "Bitwise Dogecoin ETF" represents the first attempt by a financial institution to offer a DOGE-centric ETF in the US market. As CEO Matt Hougan confirmed to The Block, "This was from us."
Bitwise 是 SEC 批准的首批 10 隻比特幣 ETF 之一的公司,已申請狗狗幣 ETF。 「Bitwise Dogecoin ETF」代表金融機構首次嘗試在美國市場提供以 DOGE 為中心的 ETF。正如首席執行官 Matt Hougan 向 The Block 證實的那樣,“這是我們發出的。”
Intriguingly, the market appears unfazed by this move. Nate Gercai, president of ETF Store, recently stated, "I remain shocked that no issuer has filed for Dogecoin ETF... Worst case, it's a marketing expense for the issuer. Best case, you get an extremely lenient SEC who approves."
有趣的是,市場似乎並未受到這項措施的影響。 ETF Store 總裁Nate Gercai 最近表示:「令我感到震驚的是,沒有發行人申請狗狗幣ETF……最壞的情況是,這對發行人來說是一筆行銷費用。最好的情況是,你會得到一個極其寬鬆的SEC 批准。
With a market cap of nearly $52 billion, DOGE commands respect, despite its reputation as a degen asset. Perhaps President Trump's new Department of Government Efficiency, which pays homage to Dogecoin, has further endeared the memecoin to investors, particularly with Elon Musk at the helm. The department's website momentarily displayed a Dogecoin logo, causing DOGE's price to surge 11%.
儘管 DOGE 被譽為“墮落資產”,但它的市值接近 520 億美元,但仍值得尊重。也許川普總統新成立的政府效率部向狗狗幣致敬,進一步讓迷因幣受到投資者的喜愛,尤其是在伊隆馬斯克的掌舵下。該部門的網站暫時顯示了狗狗幣標誌,導致 DOGE 的價格飆升 11%。
Adding to the degen fervor, Osprey Funds and Rex Shares have filed for seven separate ETFs with the SEC, including DOGE, BONK, and a TRUMP memecoin ETF. Despite its proposed position above the Ethereum and Bitcoin ETFs, the Trump ETF is tied to the President's official memecoin, launched just before his inauguration.
Osprey Funds 和 Rex Shares 已向 SEC 申請了七個單獨的 ETF,包括 DOGE、BONK 和 TRUMP memecoin ETF,這進一步加劇了這種熱潮。儘管川普 ETF 的提案地位高於以太坊和比特幣 ETF,但它與總統就職前夕推出的官方迷因幣掛鉤。
According to Trump's website, the memecoin's supply is capped at 200 million, constituting only 20% of the total 1 billion supply. The remaining 80% will be released over the next three years and are held by Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC. The website disclaims that $TRUMP "is not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type."
根據川普的網站,memecoin 的供應量上限為 2 億,僅佔 10 億供應總量的 20%。剩餘的 80% 將在未來三年內釋放,並由川普集團附屬公司 CIC Digital LLC 和 Fight Fight Fight LLC 持有。該網站否認 $TRUMP “無意成為任何類型的投資機會、投資合約或證券或任何類型的證券的主題。”
Remarkably, the terms "token" or "coin" are absent from the website. Instead, the assets are referred to as "Trump Memes." "Trump Memes are intended to function as an expression of support for... the ideals and beliefs embodied by the symbol $TRUMP," the site states.
值得注意的是,網站上沒有術語“代幣”或“硬幣”。相反,這些資產被稱為「川普迷因」。該網站稱:“川普表情包的目的是表達對…符號 $TRUMP 所體現的理想和信仰的支持。”
Currently ranked as the 25th largest coin by market cap, $TRUMP trades around $37 at the time of writing, approximately half its all-time high set near Trump's inauguration.
以市值計算,川普美元目前排名第 25 位,截至撰寫本文時,其交易價格約為 37 美元,約為川普就職典禮前後創下的歷史高點的一半。
Meanwhile, BONK, which rose to prominence in 2024 after a 300% surge, now sits in 50th place by market cap. Created in 2022, BONK symbolizes Solana's resilience after the FTX collapse. Its growth is fueled by community initiatives, including a planned burn of 1 trillion tokens by December, aimed at increasing scarcity and value.
與此同時,BONK 在 2024 年飆升 300% 後崛起,目前市值排名第 50 位。 BONK 創立於 2022 年,象徵 Solana 在 FTX 崩潰後的韌性。它的增長是由社區舉措推動的,包括計劃在 12 月之前銷毀 1 兆枚代幣,旨在增加稀缺性和價值。
Despite their perceived absurdity, the value of these memecoins cannot be ignored. The GMCI Meme tracker reveals that a basket of 28 memecoins outperformed Bitcoin and Ethereum significantly in 2024.
儘管它們被認為是荒謬的,但這些迷因幣的價值不容忽視。 GMCI Meme 追蹤器顯示,2024 年一籃子 28 種 memecoin 的表現顯著優於比特幣和以太坊。
Perhaps the crypto industry is not reverting to its immature past but rather finding a way to mature those immature ways. Memecoin ETFs, it seems, are here to stay.
也許加密產業並沒有回到不成熟的過去,而是在尋找一種讓那些不成熟的方式變得成熟的方法。 Memecoin ETF 似乎將持續存在。