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</div></div><p>Bitcoin's price has broken through $120,000. Despite this astronomical rise, several on-chain indicators suggest that the current bull market is not overheating but rather indicates potential for continued growth.</p><p>&nbsp;</p><h3><strong>Bitcoin Soars as On-Chain Data Indicates Bull Market Sustainability</strong></h3><p>&nbsp;</p><p>Compared to the price peaks before March and December 2024, the current Bitcoin price surge exhibits different characteristics. In previous peaks, the Market Value to Realized Value (MVRV) ratio spiked above 2.7, reflecting high market speculation. However, the current MVRV ratio is only 2.2, indicating a relatively stable market environment.</p><p>&nbsp;</p><p>Data from CryptoQuant shows that short-term holders (those holding for less than a month) currently make up only 15% of the market, significantly lower than the 30% seen during prior price peaks. This suggests limited inflow of new funds and a relatively cautious investor sentiment. Additionally, the Short-Term Holder Profit and Loss Ratio (SOPR) indicates that recent buyers are not actively selling, resulting in relatively low selling pressure.</p><p>&nbsp;</p><p>The Miner Position Index (MPI) has also continued to decline, indicating that miners prefer to hold Bitcoin rather than sell, contrasting with the past phenomenon where rising prices prompted significant selling by miners.</p><p>&nbsp;</p><h3><strong>Institutional Investors Driving Growth, Not Speculative Trading</strong></h3><p>&nbsp;</p><p>CryptoQuant analysis indicates that the recent Bitcoin price increase is not driven by speculative trading but may be supported by strategic adoption by nations and corporations, suggesting a structurally different bull market cycle. Analysts emphasize that relying solely on historical patterns for on-chain data analysis is insufficient and requires deeper contextual interpretation. With no signs of overheating after breaking new highs, there is significant potential for further price increases in the medium to long term.</p><p>&nbsp;</p><h3><strong>Exchange Balances Continue to Decline, Reducing Sell-Off Risks</strong></h3><p>&nbsp;</p><p>Data from Santiment shows that despite Bitcoin's price rising nearly 20% since the low on June 22, traders have not been transferring large amounts of Bitcoin back to exchanges. Instead, holders are continuously moving Bitcoin to self-custody wallets. Over the past four months, exchange Bitcoin balances have decreased by 315,830 BTC, a drop of 21%; since July 2020, they have decreased by 1.88 million BTC, a decline of 61%. The ongoing decrease in exchange balances reduces the risk of large-scale sell-offs, indicating that long-term investors are more inclined to hold.</p><p>&nbsp;</p><p>In conclusion, while Bitcoin's price has reached a historic high, multiple on-chain data indicators suggest that this bull market differs from previous ones, exhibiting higher sustainability and potential for long-term development. However, market risks remain, and investors should remain cautious.</p>

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</div></div><p>比特币(BTC)价格突破12万美元，创下历史新高。尽管比特币冲破天际，但多项链上指标显示，当前牛市并未过热，反而暗示着持续增长的潜力。</p><p>&nbsp;</p><h3>比特币冲破天际 链上数据显示牛市可持续性</h3><p>&nbsp;</p><p>与2024年3月和12月之前的价格峰值相比，此次比特币价格上涨呈现出不同的特征。 以往峰值时，市值与实现价格比率 (MVRV) 曾飙升至2.7以上，反映市场投机情绪高涨。然而，目前MVRV比率仅为2.2，显示市场环境相对稳定。</p><p>&nbsp;</p><p>CryptoQuant的数据显示，短期持有者（持有时间少于一个月）目前仅占市场的15%，远低于先前价格高点时的30%。这意味着新增资金流入有限，投资者态度相对谨慎。 同时，短期持有者的短期持有者盈亏比率 (SOPR) 表明近期买家并未积极抛售，卖压相对低迷。</p><p>&nbsp;</p><p>矿工持仓指数 (MPI) 也持续下跌，显示矿工倾向于持有比特币而非抛售，与过去价格上涨引发矿工大量抛售的现象形成鲜明对比。</p><p>&nbsp;</p><h3>机构投资者推动，而非投机炒作</h3><p>&nbsp;</p><p>CryptoQuant分析指出，此次比特币价格上涨并非由投机炒作驱动，而是可能受到国家和企业战略性采用的支持，暗示着一个结构性不同的牛市周期。 分析师强调，单纯依靠历史模式分析链上数据已不足够，需要更深入的情境化解读。 由于突破新高未出现过热迹象，中长期价格进一步上涨的潜力巨大。</p><h3>&nbsp;</h3><h3>交易所余额持续下降，降低抛售风险</h3><p>&nbsp;</p><p>Santiment数据显示，尽管比特币价格自6月22日低点上涨近20%，但交易者并未将比特币大量转回交易所。 相反，持有者持续将比特币转移至自托管钱包。过去四个月，交易所比特币余额减少了315,830个BTC，降幅达21%；自2020年7月以来，减少了188万个BTC，降幅达61%。交易所余额的持续下降，降低了大规模抛售的风险，显示长期投资者更倾向于长期持有。</p><p>&nbsp;</p><p>总而言之，尽管比特币价格创下历史新高，但多项链上数据指标显示，此次牛市与以往不同，其可持续性较高，并可能拥有更长远的发展潜力。 然而，市场风险依然存在，投资者仍需保持谨慎。</p>

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</div></div><p><a href="https://cftime.io/bitcoin-breaks-through-110k/">比特幣</a>(BTC)價格突破12萬美元，創下歷史新高。儘管比特幣衝破天際，但多項鏈上指標顯示，當前牛市並未過熱，反而暗示著持續增長的潛力。</p><p>&nbsp;</p><p><strong>即加入</strong><a href="https://t.me/+l--9PJpFdIgxOTk9"><strong>CFTime TG 討論區</strong></a><strong>！想掌握最新加密市場動態與 AI 新聞與資訊，更能隨時獲得免費 web 3入場券！</strong></p><p>&nbsp;</p><h3>比特幣衝破天際 <strong>鏈上數據顯示牛市可持續性</strong></h3><p>&nbsp;</p><p>與2024年3月和12月之前的價格峰值相比，此次比特幣價格上漲呈現出不同的特徵。 以往峰值時，市值與實現價格比率 (MVRV) 曾飆升至2.7以上，反映市場投機情緒高漲。然而，目前MVRV比率僅為2.2，顯示市場環境相對穩定。</p><p>&nbsp;</p><p><a href="https://cryptoquant.com/insights/quicktake/68703bb04cb15045bedc7859-New-All-Time-High-Without-Overheating-On-Chain-Data-Suggests-Room-for-Further-Gr">CryptoQuant的數據顯示</a>，短期持有者（持有時間少於一個月）目前僅佔市場的15%，遠低於先前價格高點時的30%。這意味著新增資金流入有限，投資者態度相對謹慎。 同時，短期持有者的短期持有者盈虧比率 (SOPR) 表明近期買家並未積極拋售，賣壓相對低迷。</p><p>&nbsp;</p><p>礦工持倉指數 (MPI) 也持續下跌，顯示礦工傾向於持有比特幣而非拋售，與過去價格上漲引發礦工大量拋售的現象形成鮮明對比。</p><p>&nbsp;</p><h3><strong>機構投資者推動，而非投機炒作</strong></h3><p>&nbsp;</p><p>CryptoQuant分析指出，此次比特幣價格上漲並非由投機炒作驅動，而是可能受到國家和企業戰略性採用的支持，暗示著一個結構性不同的牛市週期。 分析師強調，單純依靠歷史模式分析鏈上數據已不足夠，需要更深入的情境化解讀。 由於突破新高未出現過熱跡象，中長期價格進一步上漲的潛力巨大。</p><h3>&nbsp;</h3><h3><strong>交易所餘額持續下降，降低拋售風險</strong></h3><p>&nbsp;</p><p>Santiment數據顯示，儘管比特幣價格自6月22日低點上漲近20%，但交易者並未將比特幣大量轉回交易所。 相反，持有者持續將比特幣轉移至自託管錢包。過去四個月，交易所比特幣餘額減少了315,830個BTC，降幅達21%；自2020年7月以來，減少了188萬個BTC，降幅達61%。交易所餘額的持續下降，降低了大規模拋售的風險，顯示長期投資者更傾向於長期持有。</p><p>&nbsp;</p><p>總而言之，儘管比特幣價格創下歷史新高，但多項鏈上數據指標顯示，此次牛市與以往不同，其可持續性較高，並可能擁有更長遠的發展潛力。 然而，市場風險依然存在，投資者仍需保持謹慎。</p>

Bitcoin breaks through the sky

比特币冲破天际「却没人想卖」？链上指标惊现「2016年牛市复刻版」

比特幣衝破天際「卻沒人想賣」？鏈上指標驚現「2016年牛市復刻版」

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</div></div><p>After the passage of the "One Big Beautiful Bill Act" by Congress, House Republicans are launching "Cryptocurrency Week" with an intensive legislative push aimed at reshaping the U.S. cryptocurrency regulatory framework and preventing future digital currency issuance by state governments. This initiative is seen as part of a broader plan by the Trump administration to establish U.S. leadership in global crypto innovation.</p><p>&nbsp;</p><h3><strong>Core Content of Cryptocurrency Week:</strong></h3><p>&nbsp;</p><p>The House plans to focus on three important cryptocurrency bills during the week of July 14: the "CLARITY Act," the "Anti-CBDC Surveillance State Act," and the "GENIUS Act." Republican lawmakers emphasize that these bills will bring regulatory certainty to the digital asset market while effectively preventing the Federal Reserve from issuing a Central Bank Digital Currency (CBDC).</p><p>&nbsp;</p><p>House Financial Services Committee Chairman French Hill (R-AR) stated, "After years of effort in Congress on digital assets, we are advancing landmark legislation to establish a clear regulatory framework for digital assets." This framework aims to protect consumer rights, enhance regulatory transparency, and explicitly prohibit the Federal Reserve from issuing a CBDC.</p><p>&nbsp;</p><p>House Agriculture Committee Chairman GT Thompson (R-PA) remarked, "The industry has long called for a clear regulatory framework. The House Agriculture Committee has worked alongside the Financial Services Committee to finalize the CLARITY Act, which will soon be voted on by the House and sent to the Senate for consideration."</p><h3>&nbsp;</h3><h3><strong>Progress of Cryptocurrency Week Legislation:</strong></h3><p>&nbsp;</p><p><strong>Anti-CBDC Surveillance State Act:</strong> Passed the House Financial Services Committee in April with a vote of 27 in favor and 22 against. This bill, introduced by Congressman Tom Emmer (R-MN), aims to prevent the Federal Reserve from issuing a digital dollar based on concerns over financial surveillance and the Fed transitioning to a retail banking institution.</p><p>&nbsp;</p><p><strong>CLARITY Act:</strong> Approved by the House Financial Services and Agriculture Committees in June. This bill would strip the U.S. Securities and Exchange Commission (SEC) of its oversight authority over the cryptocurrency industry.</p><p>&nbsp;</p><p><strong>GENIUS Act:</strong> Passed the Senate in June and is currently awaiting a vote in the House.</p><p>&nbsp;</p><p>Congressman Tom Emmer (R-MN) emphasized that these bills will safeguard financial privacy and strengthen the U.S.'s leading position in blockchain innovation, ultimately making America a leader in the global cryptocurrency space. "Innovators in the U.S. will have a clearer understanding of the regulatory environment, enabling them to grow domestically while ensuring that the future of the digital economy reflects our values of privacy, personal sovereignty, and free market competition."</p><p>&nbsp;</p><h3><strong>Coordination Between State Legislation and Federal Policy:</strong></h3><p>&nbsp;</p><p>Senator Cynthia Lummis (R-WY) noted that this federal action aligns with the legislative direction of some states. "Wyoming has actively embraced digital assets for nearly a decade, and we are pleased to see the federal government beginning to follow the Cowboy State's lead." She also expressed support for passing comprehensive stablecoin legislation to establish clear market rules and ensure that any CBDC respects the privacy and financial freedoms of Americans.</p>

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</div></div><p>在「大而美法案」(One Big Beautiful Bill Act)，获国会通过后，美国众议院共和党人正发起「加密货币周」，以密集的立法行动，目标是重塑美国加密货币监管框架，并阻止未来由州政府发行数位货币。此举被视为特朗普政府更广泛计划的一部分，旨在确立美国在全球加密创新领域的领导地位。</p><h3>&nbsp;</h3><h3>加密货币周核心内容：</h3><p>&nbsp;</p><p>众议院计划于7月14日当周集中审议三项重要加密货币法案： 《CLARITY法案》、《反 CBDC 监控国家法案》以及《GENIUS法案》。 共和党立法者强调，这些法案将为数位资产市场带来监管确定性，同时有效阻止美联储发行中央银行数位货币 (CBDC)。</p><p>&nbsp;</p><p>众议院金融服务委员会主席 French Hill (R-AR) 在声明中指出：「经过多年在国会致力于数位资产的努力，我们正推进具有里程碑意义的法案，以建立明确的数位资产监管框架。」 该框架旨在保障消费者权益，提升监管透明度，并明确禁止美联储发行 CBDC。</p><p>&nbsp;</p><p>众议院农业委员会主席 GT Thompson (R-PA) 则表示：「业界长期呼吁明确的监管框架。众议院农业委员会与金融服务委员会携手合作，完成了《CLARITY法案》的制定，接下来将由众议院表决，并送交参议院审议。」</p><p>&nbsp;</p><p>加密货币周法案进展：</p><ul><li><br>《反 CBDC 监控国家法案》: 4月已以27票赞成、22票反对的结果通过众议院金融服务委员会。该法案由众议员 Tom Emmer (R-MN) 提出，旨在基于对金融监控以及美联储转变为零售银行机构的担忧，阻止美联储发行数位美元。<br>《CLARITY法案》: 6月获得众议院金融服务委员会和农业委员会批准。该法案将剥夺美国证券交易委员会 (SEC) 对加密货币行业的监督权。<br>《GENIUS法案》: 6月已通过参议院，目前等待众议院投票。</li></ul><p>&nbsp;</p><p>众议员 Tom Emmer (R-MN) 强调，通过这些法案将维护金融隐私，巩固美国在区块链创新上的领先地位，最终让美国成为全球加密货币领域的领头羊。 「美国的创新者将更清晰地了解监管环境，得以在国内发展，同时确保数位经济的未来能反映我们对隐私、个人主权和自由市场竞争的价值观。」</p><h3>&nbsp;</h3><h3>州级立法与联邦政策的协同：</h3><p>&nbsp;</p><p>参议员 Cynthia Lummis (R-WY) 指出，联邦政府的这一行动与部分州的立法方向一致。 「怀俄明州近十年来一直积极拥抱数位资产，我们很高兴看到联邦政府开始追随牛仔州的脚步。」 她同时表示，支持通过全面的稳定币法案，建立明确的市场规则，并确保任何 CBDC 都能尊重美国人的隐私和金融自由。</p>

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</div></div><p>在「<a href="https://cftime.io/big-beautiful-bill/">大而美法案</a>」(One Big Beautiful Bill Act)，獲國會通過後，美國眾議院共和黨人正發起「加密貨幣週」，以密集的立法行動，目標是重塑美國加密貨幣監管框架，並阻止未來由州政府發行數位貨幣。此舉被視為特朗普政府更廣泛計劃的一部分，旨在確立美國在全球加密創新領域的領導地位。</p><h3>&nbsp;</h3><h3>加密貨幣週<strong>核心內容：</strong></h3><p>&nbsp;</p><p>眾議院計劃於7月14日當週集中審議三項重要加密貨幣法案： 《CLARITY法案》、《反 CBDC 監控國家法案》以及《<a href="https://cftime.io/circle-plunges/">GENIUS</a>法案》。 共和黨立法者強調，這些法案將為數位資產市場帶來監管確定性，同時有效阻止美聯儲發行中央銀行數位貨幣 (CBDC)。</p><p>&nbsp;</p><p>眾議院金融服務委員會主席 French Hill (R-AR) <a href="https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=410793">在聲明中指出</a>：「經過多年在國會致力於數位資產的努力，我們正推進具有里程碑意義的法案，以建立明確的數位資產監管框架。」 該框架旨在保障消費者權益，提升監管透明度，並明確禁止美聯儲發行 CBDC。</p><p>&nbsp;</p><p>眾議院農業委員會主席 GT Thompson (R-PA) 則表示：「業界長期呼籲明確的監管框架。眾議院農業委員會與金融服務委員會攜手合作，完成了《CLARITY法案》的制定，接下來將由眾議院表決，並送交參議院審議。」</p><p>&nbsp;</p><p>加密貨幣週<strong>法案進展：</strong></p><ul><li>&nbsp;</li><li><strong>《反 CBDC 監控國家法案》:</strong> 4月已以27票贊成、22票反對的結果通過眾議院金融服務委員會。該法案由眾議員 Tom Emmer (R-MN) 提出，旨在基於對金融監控以及美聯儲轉變為零售銀行機構的擔憂，阻止美聯儲發行數位美元。</li><li><strong>《CLARITY法案》:</strong> 6月獲得眾議院金融服務委員會和農業委員會批准。該法案將剝奪美國證券交易委員會 (SEC) 對加密貨幣行業的監督權。</li><li><strong>《GENIUS法案》:</strong> 6月已通過參議院，目前等待眾議院投票。</li></ul><p>&nbsp;</p><p>眾議員 Tom Emmer (R-MN) 強調，通過這些法案將維護金融隱私，鞏固美國在區塊鏈創新上的領先地位，最終讓美國成為全球加密貨幣領域的領頭羊。「美國的創新者將更清晰地了解監管環境，得以在國內發展，同時確保數位經濟的未來能反映我們對隱私、個人主權和自由市場競爭的價值觀。」</p><p>&nbsp;</p><h3><strong>州級立法與聯邦政策的協同：</strong></h3><p>&nbsp;</p><p>參議員<a href="https://cftime.io/cynthia-lummis/"> Cynthia </a>Lummis (R-WY) 指出，聯邦政府的這一行動與部分州的立法方向一致。「懷俄明州近十年來一直積極擁抱數位資產，我們很高興看到聯邦政府開始追隨牛仔州的腳步。」 她同時表示，支持通過全面的穩定幣法案，建立明確的市場規則，並確保任何 CBDC 都能尊重美國人的隱私和金融自由。</p>

US House Republicans launch "Crypto Week"

美国众议院共和党发动「加密货币周」！三大法案7月中表决

美國眾議院共和黨發動「加密貨幣週」！三大法案7月中表決  

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</div></div><p>&nbsp;</p><p>Against the backdrop of intense volatility in the cryptocurrency market, stablecoin issuer Circle Internet Financial (CRCL) has risen against the tide. Its stock price has soared by as much as 800% since its listing, and it has become the highest-weighted (13%) component of the VanEck Digital Assets Index (MVDAPP), surpassing Coinbase (COIN) and MicroStrategy (MSTR). Why has Circle attracted massive capital inflows from Wall Street? This article analyzes Circle's rise to become a "must-have asset" for institutions, focusing on three key aspects: its stablecoin's dominant position, its leading role in index funds, and its regulatory moat.</p><h3><span style="color:#2A3795;"><strong>Circle's Three Key Advantages: Part 1 - USDC's "Cash Flow Monopoly": From Payment Tool to Financial Infrastructure</strong></span></h3><p>Circle's stablecoin, USDC, is currently the second-largest USD stablecoin globally, with a circulating supply of $32 billion.</p><p>▍Institutional-Grade Applications Explode</p><p>Futures Market Integration: Coinbase's clearinghouse, Nodal Clear, announced that from 2025, USDC will become eligible collateral for settling futures contracts, directly connecting it to traditional financial markets.<br>GENIUS Act Benefits: If passed, the GENIUS Act would incorporate USDC into the official US payment system, making it a compliant tool for corporate taxes and treasury transactions, further solidifying its government-level applications.</p><p>▍Robust Cash Flow Model</p><p>Circle generates revenue through interest sharing from USDC reserves, with an estimated annual income of $1.7 billion in 2024. This "low volatility + high liquidity" business model is extremely rare in the crypto industry, leading to CRCL being seen as the "Visa of crypto."</p><p>Read more: The Truth Behind Wall Street's Rush for Circle Stock; Stablecoin Scale Exceeds $250 Billion</p><h3><span style="color:#2A3795;"><strong>Circle's Three Key Advantages: Part 2 - Index Fund "Weight Hegemony": Passive Capital Continues to Increase</strong></span></h3><p>Less than three weeks after its IPO, Circle became the largest component (13% weight) of the VanEck MVDAPP index, significantly exceeding MicroStrategy (7%) and Coinbase (9%).</p><p>▍Passive Investment's Buying Effect</p><p>The VanEck Digital Transformation ETF (DAPP) must allocate CRCL according to its weight, creating an "institutional buying spiral."<br>Data shows that VanEck holds more CRCL shares than Circle CEO Jeremy Allaire, demonstrating Wall Street's recognition of its long-term value.</p><p>▍Comparison with Crypto Peers</p><p>&nbsp;</p><figure class="table"><table><thead><tr><th>Company</th><th>Index Weight</th><th>Year-to-Date Stock Price Increase</th><th>Main Business</th></tr></thead><tbody><tr><td><strong>Circle</strong></td><td>13%</td><td><strong>+445%</strong></td><td>Stablecoin (USDC)</td></tr><tr><td>Coinbase</td><td>9%</td><td>+23%</td><td>Exchange</td></tr><tr><td>Strategy</td><td>7%</td><td>+26%</td><td>Bitcoin Holdings</td></tr></tbody></table></figure><p>&nbsp;</p><p>Compared to the highly volatile exchanges and Bitcoin holding companies, Circle's "stablecoin cash flow" makes it the preferred choice for institutional funds seeking risk hedging.</p><p>&nbsp;</p><h3><span style="color:#2A3795;"><strong>Circle's Three Key Advantages: Part 3 - Regulatory Moat: Stablecoins Become "Regulatory Favorites"</strong></span></h3><p>&nbsp;</p><p>Circle's significant post-IPO rise can be attributed in part to the passage of the GENIUS Act in the Senate</p><p>&nbsp;</p><h2><strong>▍Strategic Value of the GENIUS Act</strong></h2><p>The GENIUS Act only awaits House passage and presidential signature. The Bernstein analyst Gautam Chhugani team predicts that if the bill is enacted, stablecoins will transition from the cryptocurrency ecosystem to a broader internet finance system.<br>The US Treasury has tested using USDC for tokenized settlement of treasury bonds, potentially leading to further integration into the global financial system.</p><p>&nbsp;</p><h3>▍Traditional Finance Alliances</h3><p>Circle has partnered with Visa and BlackRock to explore cross-border payments for tokenized assets and has received support from numerous banks, giving it a central position in the trend towards "crypto compliance."</p><p>Conclusion: Has Circle Become a "Blue-Chip Stock of Crypto"?</p><p>Based on market performance, Circle's three key moats—its stablecoin business, index weight, and policy advantages—have indeed moved it beyond the category of "high-risk crypto stocks," bringing it closer to the positioning of traditional financial payment giants (like Visa and Mastercard).</p><p>However, risks remain:</p><p>Interest Rate Policy Impact: If the Federal Reserve lowers interest rates, USDC interest income may decline.<br>Regulatory Variables: Delays in the GENIUS Act would postpone institutional adoption.</p><p>In the short term, the continuous inflow of passive capital has significantly increased Circle's market capitalization. The long-term outlook depends on whether USDC can truly become a global financial infrastructure. For investors, CRCL is no longer just a crypto concept stock; it is a crucial bet on digital dollar dominance.</p>

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</div></div><p>在加密货币市场剧烈波动的背景下，稳定币发行商Circle Internet Financial（CRCL）却逆势崛起，不仅股价自上市以来最多暴涨800%，更成为VanEck数位资产指数（MVDAPP）中权重最高（13%）的成分股，超越Coinbase（COIN）和MicroStrategy（MSTR）。究竟Circle为何能吸引华尔街巨额资金进驻？本文将从稳定币垄断地位、指数基金主导权、政策护城河三大面向，解析Circle崛起，成为机构「必配资产」的关键原因。</p><hr><h3><span style="color:#2A3795;"><strong>Circle崛起三大关键优势之一：USDC的「现金流垄断」：从支付工具升级为金融基础设施</strong></span></h3><p>&nbsp;</p><p>Circle旗下稳定币USDC是目前全球第二大美元稳定币，流通量达320亿美元。</p><p>&nbsp;</p><h3><strong>▍机构级应用爆发</strong></h3><p>&nbsp;</p><p>期货市场整合：Coinbase旗下清算所Nodal Clear宣布，2025年起USDC将成为合格抵押品，用于结算期货合约，直接打通传统金融市场。<br>GENIUS法案红利：该法案若通过，USDC将被纳入美国官方支付系统，成为企业税收、国债交易的合规工具，进一步巩断政府级应用。</p><p>&nbsp;</p><h3>▍稳健的现金流模式</h3><p>&nbsp;</p><p>Circle透过USDC储备金的利息分润，2024年的年收入约为17亿美元，这种「低波动+高流动性」的商业模式，在加密产业中极为罕见，也让CRCL被视为「加密界的Visa」。</p><hr><h2><span style="color:#2A3795;"><strong>Circle崛起三大关键优势之二：指数基金「权重霸权」：被动资金持续加仓</strong></span></h2><p>&nbsp;</p><p>Circle上市不到三周，即成VanEck MVDAPP指数，最大成分股（13%权重），远超Strategy（7%）和Coinbase（9%）。</p><p>&nbsp;</p><p>▍被动投资的买盘效应</p><p>VanEck数位转型ETF（DAPP）需按权重配置CRCL，形成「机构买盘螺旋」。<br>数据显示，VanEck持有CRCL的股份已超过Circle执行长Jeremy Allaire，显示华尔街对其长期价值的认可。</p><p>&nbsp;</p><p>▍对比加密同业</p><p>&nbsp;</p><figure class="table"><table><thead><tr><th>公司</th><th>指数权重</th><th>今年股价涨幅</th><th>主要业务</th></tr></thead><tbody><tr><td><strong>Circle</strong></td><td>13%</td><td><strong>+445%</strong></td><td>稳定币（USDC）</td></tr><tr><td>Coinbase</td><td>9%</td><td>+23%</td><td>交易所</td></tr><tr><td>Strategy</td><td>7%</td><td>+26%</td><td>比特币控股</td></tr></tbody></table></figure><p>相较于高波动的交易所与比特币控股公司，Circle的「稳定币现金流」使其成为机构资金避险首选。</p><hr><h3><strong>Circle崛起三大关键优势之三：政策护城河： 稳定币成「监管宠儿」</strong></h3><p>&nbsp;</p><p>Circle 上市后大升，GENIUS法案通过参议院可成一大主因。</p><p>&nbsp;</p><p>▍GENIUS法案的战略价值</p><p>&nbsp;</p><p>《GENIUS法案》只待众院通过及总统签署，Bernstein 分析师Gautam Chhugani 团队预期，若法案落实，稳定币将从加密货币生态迈向更广泛的互联网金融体系。<br>美国财政部已测试使用USDC进行国债代币化结算，未来可能进一步整合至全球金融体系。</p><p>&nbsp;</p><p>▍传统金融联盟</p><p>&nbsp;</p><p>Circle已与Visa、BlackRock合作，探索代币化资产的跨境支付，并获得多家银行支持，使其在「加密合规化」趋势中占据核心地位。</p><h3>&nbsp;</h3><h3>结论：Circle是否已成为「加密界的蓝筹股」？</h3><p>&nbsp;</p><p>从市场表现来看，Circle的稳定币业务、指数权重、政策优势三大护城河，确实让它脱离「高风险加密股」范畴，更接近传统金融的支付巨头（如Visa、Mastercard）定位。</p><p>&nbsp;</p><p>然而，风险仍存：</p><p>利率政策影响：若联准会降息，USDC利息收入可能下滑。<br>监管变数：GENIUS法案若延宕，将推迟机构采用进度。</p><p>&nbsp;</p><p>短期来看，随着被动资金持续流入，令Circle的市值大升，长期则取决于USDC能否真正成为全球金融基础设施。对投资者而言，CRCL已不仅是加密概念股，更是数位美元霸权的关键押注。</p><p>&nbsp;</p>

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</div></div><p>在加密貨幣市場劇烈波動的背景下，穩定幣發行商<strong>Circle Internet Financial（CRCL）</strong>卻逆勢崛起，不僅股價自上市以來最多暴漲800%，更成為<a href="http://vaneck.com/us/en/investments/digital-transformation-etf-dapp/overview/">VanEck數位資產指數</a>（MVDAPP）中<strong>權重最高（13%）</strong>的成分股，超越Coinbase（COIN）和MicroStrategy（MSTR）。究竟Circle為何能吸引華爾街巨額資金進駐？本文將從<strong>穩定幣壟斷地位、指數基金主導權、政策護城河</strong>三大面向，解析Circle崛起，成為機構「必配資產」的關鍵原因。</p><hr><h3><span style="color:#2A3795;"><strong>Circle崛起三大關鍵優勢之一：USDC的「現金流壟斷」：從支付工具升級為金融基礎設施</strong></span></h3><p>&nbsp;</p><p>Circle旗下穩定幣<strong>USDC</strong>是目前全球第二大美元穩定幣，流通量達<strong>320億美元</strong>。</p><p>&nbsp;</p><h3><strong>▍機構級應用爆發</strong></h3><ul><li><strong>期貨市場整合</strong>：Coinbase旗下清算所<strong>Nodal Clear</strong>宣佈，2025年起USDC將成為<strong>合格抵押品</strong>，用於結算期貨合約，直接打通傳統金融市場。</li><li><strong>GENIUS法案紅利</strong>：該法案若通過，USDC將被納入美國<strong>官方支付系統</strong>，成為企業稅收、國債交易的合規工具，進一步鞏斷政府級應用。</li></ul><p>&nbsp;</p><h3><strong>▍穩健的現金流模式</strong></h3><p>Circle透過USDC儲備金的<strong>利息分潤</strong>，2024年的年收入約為<strong>17億美元</strong>，這種「低波動+高流動性」的商業模式，在加密產業中極為罕見，也讓CRCL被視為<strong>「加密界的Visa」</strong>。</p><p>&nbsp;</p><p><a href="https://cftime.io/stablecoin-size/"><strong>看更多：華爾街瘋搶Circle股票背後真相 穩定幣規模突破2500億美元</strong></a></p><p>&nbsp;</p><hr><h3><span style="color:#2A3795;"><strong>Circle崛起三大關鍵優勢之二：指數基金「權重霸權」：被動資金持續加倉</strong></span></h3><p>&nbsp;</p><p>Circle上市不到三週，即成<strong>VanEck MVDAPP指數</strong>，最大成分股（13%權重），遠超Strategy（7%）和Coinbase（9%）。</p><p>&nbsp;</p><h3><strong>▍被動投資的買盤效應</strong></h3><ul><li><strong>VanEck數位轉型ETF（DAPP）</strong>需按權重配置CRCL，形成「<strong>機構買盤螺旋</strong>」。</li><li>數據顯示，VanEck持有CRCL的股份已超過<strong>Circle執行長Jeremy Allaire</strong>，顯示華爾街對其長期價值的認可。</li></ul><h3><strong>▍對比加密同業</strong></h3><figure class="table"><table><thead><tr><th>公司</th><th>指數權重</th><th>今年股價漲幅</th><th>主要業務</th></tr></thead><tbody><tr><td><strong>Circle</strong></td><td>13%</td><td><strong>+445%</strong></td><td>穩定幣（USDC）</td></tr><tr><td>Coinbase</td><td>9%</td><td>+23%</td><td>交易所</td></tr><tr><td>Strategy</td><td>7%</td><td>+26%</td><td>比特幣控股</td></tr></tbody></table></figure><p>相較於高波動的交易所與比特幣控股公司，Circle的「穩定幣現金流」使其成為機構資金避險首選。</p><p>&nbsp;</p><p><a href="https://cftime.io/circle-surges/"><strong>看更多：中東戰火擋不住 上市17日狂升10倍！ Circle暴漲後分析警告：崩盤倒數？</strong></a></p><hr><h3><span style="color:#2A3795;"><strong>Circle崛起三大關鍵優勢之三：政策護城河： 穩定幣</strong>成<strong>「監管寵兒」</strong></span></h3><p>Circle 上市後大升，GENIUS法案通過參議院可成一大主因。</p><h3><strong>▍GENIUS法案的戰略價值</strong></h3><ul><li>《GENIUS法案》只待眾院通過及總統簽署，Bernstein 分析師Gautam Chhugani 團隊預期，若法案落實，穩定幣將從加密貨幣生態邁向<strong>更廣泛的互聯網金融體系</strong>。</li><li>美國財政部已測試使用USDC進行<strong>國債代幣化結算</strong>，未來可能進一步整合至全球金融體系。</li></ul><h3><strong>▍傳統金融聯盟</strong></h3><p>Circle已與<strong>Visa、BlackRock</strong>合作，探索代幣化資產的跨境支付，並獲得多家銀行支持，使其在「<strong>加密合規化</strong>」趨勢中佔據核心地位。</p><hr><h2><strong>結論：Circle是否已成為「加密界的藍籌股」？</strong></h2><p>從市場表現來看，Circle的<strong>穩定幣業務、指數權重、政策優勢</strong>三大護城河，確實讓它脫離「高風險加密股」範疇，更接近傳統金融的<strong>支付巨頭（如Visa、Mastercard）</strong>定位。</p><p>然而，風險仍存：</p><ul><li><strong>利率政策影響</strong>：若聯準會降息，USDC利息收入可能下滑。</li><li><strong>監管變數</strong>：GENIUS法案若延宕，將推遲機構採用進度。</li></ul><p>短期來看，隨著被動資金持續流入，令Circle的市值大升，長期則取決於USDC能否真正成為<strong>全球金融基礎設施</strong>。對投資者而言，CRCL已不僅是加密概念股，更是<strong>數位美元霸權</strong>的關鍵押注。</p>

Circle has emerged as a new crypto blue chip

Circle崛起为加密新蓝筹：三大关键优势奠定机构「必配资产」地位

Circle崛起為加密新藍籌：三大關鍵優勢奠定機構「必配資產」地位

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</div><p>Since its IPO on June 4, 2025, Circle Crypto, the issuer of the USDC stablecoin, and its CRCL stock have seen a remarkable 7-fold increase in share price (after last Friday's market close) compared to its initial offering price. This surge coincides with the robust growth of the stablecoin market, highlighting its expanding influence. According to Token Terminal data, stablecoins currently account for 1.1% of the U.S. money supply (M2). While seemingly small, this percentage signifies their growing importance within the global financial system. Furthermore, CoinDesk data from mid-June shows that the global market capitalization of fiat-backed stablecoins has surpassed $250 billion, a record high, sparking widespread discussion about their potential to reshape global finance.</p><p>&nbsp;</p><p>Token Terminal predicts that stablecoins' share of the overall money supply will continue to rise, potentially approaching 100%, reflecting the industry's ambition to integrate programmable digital assets into mainstream financial infrastructure.&nbsp;</p><figure class="image"><img src="https://cftime.io/wp-content/uploads/2025/06/image-8.png" alt=""><figcaption><strong>Stablecoins currently represent 1.1% of the U.S. money supply (M2).</strong></figcaption></figure><p>&nbsp;</p><p>&nbsp;</p><p>Over the past decade, the supply of stablecoins has experienced explosive growth, contrasting sharply with the long-term expansion of the U.S. dollar, indicating the rapid adoption of blockchain-based digital dollars. CoinDesk's mid-June data confirms this, reporting a record-breaking $250 billion market cap for global fiat-backed stablecoins. CryptoQuant's data from early June also reached a record high of $228 billion, demonstrating the significant influx of capital into USD-pegged stablecoins.</p><p>&nbsp;</p><h3><span style="color:#2A3795;"><strong>The stablecoin market capitalization exceeding $250 billion showcases the substantial inflow of funds into USD-pegged stablecoins.</strong></span></h3><p>&nbsp;</p><p>Compared to the same period last year, this represents approximately a 55% increase. Since the beginning of 2025, stablecoin market capitalization has grown by $33 billion (a 17% increase). CoinGecko data further indicates a $97 billion increase since January 2024, primarily driven by Tether's USDT and Circle's USDC, with emerging player Ethena Labs accumulating nearly $6 billion in assets. Centralized exchanges currently hold a record amount of stablecoins, further enhancing liquidity in the cryptocurrency market.</p><p>&nbsp;</p><p>The applications of stablecoins extend beyond trading, penetrating broader financial sectors. Fireblocks' "2025 State of Stablecoins" report reveals that 49% of global financial institutions utilize stablecoins for payments, with another 41% testing or planning integration, indicating a shift from niche concept to a core component of payment and financial infrastructure.</p><p>&nbsp;</p><p>Payment giants like Visa and Mastercard have integrated stablecoins, and stablecoins such as USDC, USDT, and PYUSD are increasingly used in cross-border payments. Governments are actively exploring regulatory frameworks for CBDCs (Central Bank Digital Currencies) and stablecoins. These trends point towards stablecoins playing an increasingly crucial role in the future financial system.</p>

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</div><p>稳定币USDC 发行商 Circle Crypto 及其 CRCL 股票自 2025 年 6 月 4 日上市以来，股价已较招股价升近7倍（至上周五收市）。同一时间，稳定币市场展现强劲增长态势，其影响力正逐步扩大。根据Token Terminal数据显示，稳定币目前占据美国货币供给量（M2）的1.1%，尽管比例看似微小，却标志着其在全球金融体系中日益重要的地位，同时，根据CoinDesk 6月中旬的数据，全球法币支持型稳定币市值已突破2500亿美元，创下历史新高，引发关于其未来潜力重塑全球金融的广泛讨论。</p><p>&nbsp;</p><p>Token Terminal预测，稳定币在整体货币供给中的占比将持续攀升，甚至可能逼近100%，反映出业界积极将可编程数位资产整合至主流金融基础设施的雄心。</p><p>&nbsp;</p><figure class="image"><img src="https://cftime.io/wp-content/uploads/2025/06/image-8.png" alt=""><figcaption>稳定币目前占据美国货币供给量（M2）的1.1%。</figcaption></figure><p>&nbsp;</p><p>&nbsp;</p><p>过去十年，稳定币供给量呈现爆炸式增长，与美元长期扩张形成鲜明对比，这也反映出基于区块链的数位美元快速普及的趋势。 同时，根据CoinDesk 6月中旬的数据，全球法币支持型稳定币市值已突破2500亿美元，创下历史新高；CryptoQuant本月初的数据也显示，市值达到2280亿美元，同样创下历史纪录，显示资金持续大量涌入美元挂钩的稳定币。</p><p>&nbsp;</p><h3><span style="color:#2A3795;"><strong>稳定币规模突破2500亿美元 显示资金持续大量涌入美元挂钩的稳定币</strong></span></h3><p>&nbsp;</p><p>与去年同期相比，增长幅度约为55%；自2025年初以来，增长330亿美元，增幅达17%；CoinGecko数据更指出，自2024年1月以来，稳定币市值已增加970亿美元，主要受Tether的USDT和Circle的USDC推动，新兴玩家Ethena Labs也累积了近60亿美元的资产。 中心化交易所目前持有创纪录数量的稳定币，进一步提升了加密货币市场的流动性。</p><p>&nbsp;</p><p>稳定币的应用场景已不再局限于交易，正逐步渗透至更广泛的金融领域。 Fireblocks的《2025年稳定币现状》报告指出，全球49%的金融机构已将稳定币应用于支付业务，另有41%的机构正在测试或计划整合稳定币，显示稳定币正从小众概念转变为支付和财务基础设施的核心组成部分。</p><p>&nbsp;</p><p>Visa和万事达卡等支付巨头也已整合稳定币，USDC、USDT和PYUSD等稳定币在跨境支付中的应用也日益增多，各国政府也积极探索CBDC（中央银行数位货币）和稳定币监管框架。 这些发展趋势都指向稳定币在未来金融体系中扮演更为关键的角色。</p>

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</div><p>穩定幣USDC 發行商 Circle Crypto 及其 <a href="https://cftime.io/circle-profit/">CRCL 股票</a>自 2025 年 6 月 4 日上市以來，股價已較招股價升近7倍（至上周五收市）。同一時間，穩定幣市場展現強勁增長態勢，其影響力正逐步擴大。根據Token Terminal數據顯示，<a href="https://x.com/tokenterminal/status/1935827049077522544">穩定幣目前佔據美國貨幣供給量</a>（M2）的1.1%，儘管比例看似微小，卻標誌著其在全球金融體系中日益重要的地位，同時，根據CoinDesk 6月中旬的數據，全球法幣支持型穩定幣市值已突破2500億美元，創下歷史新高，引發關於其未來潛力重塑全球金融的廣泛討論。</p><p>&nbsp;</p><p>Token Terminal預測，穩定幣在整體貨幣供給中的佔比將持續攀升，甚至可能逼近100%，反映出業界積極將可編程數位資產整合至主流金融基礎設施的雄心。</p><p>&nbsp;</p><figure class="image"><img src="https://cftime.io/wp-content/uploads/2025/06/image-8.png" alt=""><figcaption><strong>穩定幣目前佔據美國貨幣供給量（M2）的1.1%。</strong></figcaption></figure><p>&nbsp;</p><p>&nbsp;</p><p>過去十年，穩定幣供給量呈現爆炸式增長，與美元長期擴張形成鮮明對比，這也反映出基於區塊鏈的數位美元快速普及的趨勢。 同時，根據CoinDesk 6月中旬的數據，全球法幣支持型穩定幣市值已突破2500億美元，創下歷史新高；CryptoQuant本月初的數據也顯示，市值達到2280億美元，同樣創下歷史紀錄，顯示資金持續大量湧入美元掛鉤的穩定幣。</p><p>&nbsp;</p><h3><span style="color:#2A3795;"><strong>穩定幣規模突破2500億美元 顯示資金持續大量湧入美元掛鉤的穩定幣</strong></span></h3><p>&nbsp;</p><p>與去年同期相比，增長幅度約為55%；自2025年初以來，增長330億美元，增幅達17%；CoinGecko數據更指出，自2024年1月以來，穩定幣市值已增加970億美元，主要受Tether的USDT和Circle的USDC推動，新興玩家Ethena Labs也累積了近60億美元的資產。 中心化交易所目前持有創紀錄數量的穩定幣，進一步提升了加密貨幣市場的流動性。</p><p>&nbsp;</p><p>穩定幣的應用場景已不再侷限於交易，正逐步滲透至更廣泛的金融領域。Fireblocks的《2025年穩定幣現狀》報告指出，全球49%的金融機構已將穩定幣應用於支付業務，另有41%的機構正在測試或計劃整合穩定幣，顯示穩定幣正從小眾概念轉變為支付和財務基礎設施的核心組成部分。</p><p>&nbsp;</p><p>Visa 和萬事達卡等支付巨頭也已整合穩定幣，USDC、USDT和PYUSD等穩定幣在跨境支付的應用也日益增多，各國政府也積極探索CBDC（中央銀行數位貨幣）和穩定幣監管框架。 這些發展趨勢都指向穩定幣在未來金融體系中扮演更關鍵的角色。</p>

The truth behind Wall Street's crazy rush for Circle shares

华尔街疯抢Circle股票背后真相 稳定币规模突破2500亿美元

華爾街瘋搶Circle股票背後真相 穩定幣規模突破2500億美元

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</div><p>Latest AI Rankings | ChatGPT Dominates the AI Market! Similarweb's data reveals the brutal reality of the generative AI market: While debates continue about which AI model is technically superior, ChatGPT has achieved a landslide victory in user adoption, its lead so significant it surpasses traditional competitive metrics.</p><p>In May 2025, ChatGPT reached 5.5 billion monthly active user visits, accounting for approximately 80% of all generative AI traffic. This means ChatGPT's traffic surpasses the combined total of competitors such as Google Gemini, DeepSeek, Grok, Perplexity, and Claude, and by a significant margin. Between September and November 2024, ChatGPT's mobile app boasted over 250 million monthly active users, surpassing 500 million weekly active users by the end of March 2025. Despite a slight dip in traffic early in 2025, OpenAI quickly reversed this trend, pushing user numbers to new highs.</p><figure class="image"><img src="https://cftime.io/wp-content/uploads/2025/06/image-5.png" alt=""><figcaption><strong>Data shows OpenAI's traffic hasn't been negatively impacted by increased competition.</strong></figcaption></figure><p>&nbsp;</p><p>&nbsp;</p><h3>Latest AI Rankings | ChatGPT Dominates the AI Market: The Rise of Chinese Startup DeepSeek</h3><p>Data reveals the impressive performance of Chinese startup DeepSeek. Despite being banned from many US government-issued devices and institutions due to concerns about data transfer to China, its monthly active user visits surged from 33.7 million in January 2025 to 436 million in May 2025, a 13-fold increase.</p><p>While OpenAI invests heavily in purchasing massive quantities of GPUs to support its model, DeepSeek's operational costs are significantly lower than Western models. Its input token cost is just $0.55, compared to OpenAI's $15. DeepSeek achieved this using a limited number of Nvidia H800 chips (affected by export restrictions), a feat described as winning a Formula 1 race at the speed of a Toyota Corolla. Similarweb data shows DeepSeek's primary markets are concentrated in China, India, and Indonesia, with users from these three markets accounting for over 51% of its total user base.</p><h3>Latest AI Rankings | Performance of Other Competitors: Google and Anthropic</h3><p>For a $2 trillion company processing 3.5 billion searches daily, Google's AI performance is relatively underwhelming. Despite its massive resources, integration throughout the Google ecosystem, and the world's largest user base, Gemini's monthly visits stand at only 527.7 million, slightly higher than DeepSeek. Notably, Gemini's visits were 284 million in February, indicating user growth.</p><p>Anthropic's Claude shows even more surprising results. Despite backing from Amazon and Google, excellent performance in many benchmark tests, and widespread praise from AI researchers and academia, its May 2025 visits were under 100 million. As of early 2025, Claude had 18.9 million monthly active users globally; while this represents significant growth, it pales in comparison to ChatGPT's billions. Claude 4 Opus outperforms competitors on complex reasoning and creative tasks, but this hasn't translated into large-scale user adoption, again proving that the best product isn't always the most popular. Meta AI's current usage is likely far lower than ChatGPT, with many users currently not favoring Zuck's chatbot as their preferred AI tool. Meta's significant contributions to the open-source community, particularly its Llama model, are noteworthy, but the open-source nature differs from direct user interaction.</p><h3>Latest AI Rankings | ChatGPT Dominates the AI Market: Impact on Traditional Industries</h3><p>Similarweb's data shows AI's rise is significantly impacting traditional internet businesses. Chegg's traffic plummeted 64% due to students using ChatGPT to complete assignments for free; Quora dropped 51%; and freelance platforms like Fiverr fell 14%. Meanwhile, DevOps and code completion tools saw a 41% year-over-year increase; voice generation platforms grew 14%; and automation tools grew 12%.</p><h3>Conclusion:</h3><p>Similarweb's data clearly shows that in the AI industry, technical superiority doesn't guarantee market success; user adoption is key. ChatGPT's success is attributed to its first-mover advantage, sufficiently good performance, and a strategy that meets user needs. OpenAI may lag in some benchmark tests, but in global user adoption, it has crossed the finish line first. The real competition is now for second place.</p>

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</div><p>最新AI排名｜ChatGPT称霸AI市场！ Similarweb最新数据揭示生成式AI市场的残酷现实：尽管各界持续辩论哪款AI模型在技术上更胜一筹，但ChatGPT已在用户采纳方面取得压倒性胜利，其领先幅度之大，已远超传统竞争指标所能衡量的范围。</p><p>&nbsp;</p><p>2025年5月，ChatGPT的月活跃用户访问量达到55亿次，约占所有生成式AI流量的80%。 此数据意味着ChatGPT的访问量超过Google Gemini、DeepSeek、Grok、Perplexity和Claude等竞争对手的总和，且远不止于此。 ChatGPT在2024年9月至11月期间，其手机应用程式月活跃用户已超过2.5亿，并在2025年3月底突破每周5亿活跃用户。 尽管在2025年初曾出现流量小幅下滑，但OpenAI迅速扭转了这一趋势，用户量再次攀升至新高。</p><p>&nbsp;</p><figure class="image"><img src="https://cftime.io/wp-content/uploads/2025/06/image-5.png" alt=""><figcaption><strong>数据显示， Openai未有因其他对手增加而令流量下跌。</strong></figcaption></figure><h3>&nbsp;</h3><h3>最新AI排名｜ChatGPT称霸AI市场 另一方面 中国新创公司DeepSeek的崛起</h3><p>&nbsp;</p><p>数据显示，中国新创公司DeepSeek表现亮眼。尽管由于担心其数据可能被传输至中国，DeepSeek被禁止安装在许多美国政府发放的设备和许多机构中，但其月活跃用户数在2025年1月至5月期间仍从3370万次激增至4.36亿次，增长了13倍。</p><p>&nbsp;</p><p>尽管OpenAI投入巨资采购大量GPU以支持其模型运作，但DeepSeek的营运成本却远低于西方模型，其输入代币成本仅为0.55美元，而OpenAI则高达15美元。 DeepSeek 凭借有限的Nvidia H800晶片（受出口限制影响），取得了这项成就，堪称以「丰田卡罗拉」的速度赢得了「一级方程式赛车」的比赛。 Similarweb数据显示，DeepSeek的主要市场集中于中国、印度和印尼，这三个市场的用户占其总用户数的51%以上。</p><h3>&nbsp;</h3><h3>最新AI排名｜其他竞争者的表现：Google和Anthropic</h3><p>&nbsp;</p><p>对于一家市值2万亿美元，每日处理35亿次搜寻的巨头公司而言，Google的AI表现却相对平庸。 尽管拥有巨额资金、遍布Google生态系统的整合以及全球最大的用户群，Gemini的月访问量仅为5.277亿次，略高于DeepSeek。 值得注意的是，Gemini在2月份的访问量为2.84亿次，显示其用户量正在增长。</p><p>&nbsp;</p><p>Anthropic的Claude表现则更加令人意外。尽管获得亚马逊和Google的支持，在许多基准测试中表现出色，并受到AI研究人员和学术界的广泛赞誉，但其2025年5月的访问量却不到1亿次。 截至2025年初，Claude的全球月活跃用户数为1890万，尽管增长显著，但与ChatGPT的数十亿用户相比，仍相形见绌。 Claude 4 Opus在复杂推理和创意任务上的表现优于竞争对手，但未能将此转化为大规模用户采纳，再次证明最佳产品并不一定是最受欢迎的产品。 Meta AI的现有使用量与ChatGPT相比可能要低得多，许多用户目前并不倾向于将Zuck的聊天机器人作为其首选的AI工具。 Meta对开源社群的重大贡献，尤其是其Llama模型，值得关注，但开源的使用性质与直接的用户互动有所不同。</p><p>&nbsp;</p><h3>最新AI排名｜ChatGPT称霸AI市场 AI对传统产业的冲击：</h3><p>&nbsp;</p><p>Similarweb的数据显示，AI的崛起正对传统互联网业务造成巨大冲击。 Chegg的流量因学生使用ChatGPT免费完成作业而暴跌64%；Quora下跌51%；Fiverr等自由职业平台下跌14%。 与此同时，DevOps和代码完成工具同比增长41%；语音生成平台增长14%；自动化工具增长12%。</p><p>&nbsp;</p><h3>结论：</h3><p>Similarweb的数据清楚地表明，在AI产业中，技术优势并不能保证市场成功，用户采纳才是关键。 ChatGPT的成功，归功于其先发优势、足够好的性能以及满足用户需求的策略。 OpenAI或许在某些基准测试中落后，但在全球用户采纳方面，它已率先冲过终点线，而真正的竞争，现在已转向争夺第二名的位置。</p>

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</div><p>最新AI排名｜<a href="https://cftime.io/chatgpt-will-bring-unimaginable-prosperity/">ChatGPT</a>稱霸AI市場！<a href="https://www.similarweb.com/corp/wp-content/uploads/2025/06/attachment-Global-AI-Tracker.pdf?utm_medium=social&amp;utm_source=twit">Similarweb最新數據</a>揭示生成式AI市場的殘酷現實：儘管各界持續辯論哪款AI模型在技術上更勝一籌，但ChatGPT已在用戶採納方面取得壓倒性勝利，其領先幅度之大，已遠超傳統競爭指標所能衡量的範圍。</p><p>&nbsp;</p><p>2025年5月，ChatGPT的月活躍用戶訪問量達到55億次，約佔所有生成式AI流量的80%。 此數據意味著ChatGPT的訪問量超過Google Gemini、DeepSeek、Grok、Perplexity和Claude等競爭對手的總和，且遠不止於此。ChatGPT在2024年9月至11月期間，其手機應用程式月活躍用戶已超過2.5億，並在2025年3月底突破每周5億活躍用戶。 儘管在2025年初曾出現流量小幅下滑，但OpenAI迅速扭轉了這一趨勢，用戶量再次攀升至新高。</p><p>&nbsp;</p><figure class="image"><img src="https://cftime.io/wp-content/uploads/2025/06/image-5.png" alt=""><figcaption><strong>數據顯示， Openai未有因其他對手增加而令流量下跌。</strong></figcaption></figure><p>&nbsp;</p><p>&nbsp;</p><h3>最新AI排名｜ChatGPT稱霸AI市場 另一方面 <strong>中國新創公司DeepSeek的崛起</strong></h3><p>&nbsp;</p><p>數據顯示，中國新創公司DeepSeek表現亮眼。儘管由於擔心其數據可能被傳輸至中國，DeepSeek被禁止安裝在許多美國政府發放的設備和許多機構中，但其月活躍用戶數在2025年1月至5月期間仍從3370萬次激增至4.36億次，增長了13倍。</p><p>&nbsp;</p><p>儘管OpenAI投入巨資採購大量GPU以支持其模型運作，但DeepSeek的營運成本卻遠低於西方模型，其輸入代幣成本僅為0.55美元，而OpenAI則高達15美元。 DeepSeek 憑藉有限的Nvidia H800晶片（受出口限制影響），取得了這項成就，堪稱以「豐田卡羅拉」的速度贏得了「一級方程式賽車」的比賽。 Similarweb數據顯示，DeepSeek的主要市場集中於中國、印度和印尼，這三個市場的用戶佔其總用戶數的51%以上。</p><p>&nbsp;</p><h3><strong>最新AI排名｜其他競爭者的表現：Google和Anthropic</strong></h3><p>&nbsp;</p><p>對於一家市值2萬億美元，每日處理35億次搜尋的巨頭公司而言，Google的AI表現卻相對平庸。 儘管擁有巨額資金、遍布Google生態系統的整合以及全球最大的用戶群，Gemini的月訪問量僅為5.277億次，略高於DeepSeek。 值得注意的是，Gemini在2月份的訪問量為2.84億次，顯示其用戶量正在增長。</p><p>&nbsp;</p><p>Anthropic的Claude表現則更加令人意外。儘管獲得亞馬遜和Google的支持，在許多基準測試中表現出色，並受到AI研究人員和學術界的廣泛讚譽，但其2025年5月的訪問量卻不到1億次。 截至2025年初，Claude的全球月活躍用戶數為1890萬，儘管增長顯著，但與ChatGPT的數十億用戶相比，仍相形見絀。 Claude 4 Opus在複雜推理和創意任務上的表現優於競爭對手，但未能將此轉化為大規模用戶採納，再次證明最佳產品並不一定是最受歡迎的產品。Meta AI的現有使用量與ChatGPT相比可能要低得多，許多用戶目前並不傾向於將Zuck的聊天機器人作為其首選的AI工具。 Meta對開源社群的重大貢獻，尤其是其Llama模型，值得關注，但開源的使用性質與直接的用戶互動有所不同。</p><p>&nbsp;</p><h3>最新AI排名｜ChatGPT稱霸AI市場 <strong>AI對傳統產業的衝擊：</strong></h3><p>&nbsp;</p><p>Similarweb的數據顯示，AI的崛起正對傳統互聯網業務造成巨大衝擊。Chegg的流量因學生使用ChatGPT免費完成作業而暴跌64%；Quora下跌51%；Fiverr等自由職業平台下跌14%。 與此同時，DevOps和代碼完成工具同比增長41%；語音生成平台增長14%；自動化工具增長12%。</p><p>&nbsp;</p><h3><strong>結論：</strong></h3><p>Similarweb的數據清楚地表明，在AI產業中，技術優勢並不能保證市場成功，用戶採納才是關鍵。 ChatGPT的成功，歸功於其先發優勢、足夠好的性能以及滿足用戶需求的策略。 OpenAI或許在某些基準測試中落後，但在全球用戶採納方面，它已率先衝過終點線，而真正的競爭，現在已轉向爭奪第二名的位置。</p>

Latest AI rankings | ChatGPT dominates the AI ​​market

The inside story of Musk split with Trump

马斯克与特朗普决裂内幕 世纪决裂的关键48小时

馬斯克與特朗普決裂內幕 世紀決裂的關鍵48小時

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</div><p>The Hong Kong Special Administrative Region (HKSAR) government has officially enacted the Stablecoin Ordinance, set to take effect by the end of 2025. This landmark legislation introduces a mandatory licensing regime for issuers of fiat-backed stablecoins, marking a significant step forward in Hong Kong's approach to regulating the cryptocurrency sector.</p><p>The ordinance mandates that all entities issuing fiat-backed stablecoins in Hong Kong must obtain a license. Unauthorized entities will be prohibited from selling and promoting such stablecoins. This move aims to enhance regulatory transparency and protect investor interests through stringent compliance requirements, including a 1:1 fiat reserve backing and robust Anti-Money Laundering (AML) measures.</p><p>HKMA Chief Executive Eddie Yue stated, "The new licensing regime will provide better protection for the public and investors. The Hong Kong Monetary Authority will continue to work with stakeholders to develop the regulatory framework for stablecoin activities in Hong Kong." However, initial industry reaction has been relatively cautious, with major stablecoin providers yet to publicly comment.</p><h3><strong>Hong Kong's Approach Mirrors EU's MiCA, but with a Stronger Stance</strong></h3><p>Hong Kong's regulatory approach shares similarities with the EU's Markets in Crypto-Assets (MiCA) regulation. However, Hong Kong's implementation of a mandatory licensing system from day one is notably more direct and is relatively uncommon in global financial regulation.</p><p>According to CoinMarketCap data, Tether (USDT) maintains its price at US$1.00, with a market capitalization of US$153.09 billion, commanding a 4.70% market dominance. While the price saw a slight 0.04% increase in the past 24 hours, trading volume decreased by 12.52% to US$87.27 billion.</p><p>Coincu's research team analyzes that this new regulatory measure will likely have a profound impact on the global cryptocurrency market, driving it towards a more transparent and secure trading environment. It may also prompt stablecoin issuers to adjust their operational strategies to meet Hong Kong's stricter compliance standards.</p>

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</div><p>香港特区政府已正式颁布《稳定币条例》（Stablecoin Ordinance），并将于2025年底生效。该条例的核心是对法币支持型稳定币发行商实施强制性牌照制度。香港正式实施稳定币牌照制度，标志着香港在监管加密货币领域迈出关键一步。</p><p>&nbsp;</p><p>根据条例，所有在香港发行法币支持型稳定币的机构必须申请并获得牌照，未经授权的实体将被禁止销售和推广相关稳定币。此举旨在提升监管透明度，并透过严格的合规要求，例如1:1的法币储备以及严格的反洗钱（AML）措施，来保障投资者利益。</p><p>&nbsp;</p><p>香港金融管理局（HKMA）行政总裁余伟文表示：「新的牌照制度将为大众和投资者提供更好的保障。香港金融管理局将继续与持份者合作，发展香港稳定币活动的监管制度。」 然而，目前业界反应相对谨慎，主要稳定币供应商尚未公开表态。</p><p>&nbsp;</p><h3><strong>香港正式实施稳定币牌照制度 与欧盟的MiCA规范有相似之处</strong></h3><p>&nbsp;</p><p>值得注意的是，香港的监管措施与欧盟的MiCA（市场在加密资产市场的监管）规范有相似之处，但香港采取了更为直接的措施，从第一天起就实施强制性牌照制度，这在全球金融监管领域中相当罕见。</p><p>&nbsp;</p><p>根据CoinMarketCa数据显示，Tether (USDT) 的价格维持在1.00美元，市值达1530.9亿美元，占市场主导地位的4.70%。尽管过去24小时价格微涨0.04%，但交易量却下降了12.52%，来到872.7亿美元。</p><p>&nbsp;</p><p>Coincu研究团队分析指出，香港的这项新监管措施将可能深刻影响全球加密货币市场的动态，推动市场朝向更透明和安全的交易环境发展。 同时，也可能促使稳定币发行商调整其营运策略，以符合香港更严格的合规标准。</p>

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</div><p>香港特區政府已正式頒布<a href="https://www.hkma.gov.hk/chi/news-and-media/press-releases/2025/05/20250521-3/">《穩定幣條例》（</a>Stablecoin Ordinance），並將於2025年底生效。該條例的核心是對法幣支持型穩定幣發行商實施強制性牌照制度。香港正式實施穩定幣牌照制度，標誌著香港在監管加密貨幣領域邁出關鍵一步。</p><p>&nbsp;</p><p>根據條例，所有在香港發行法幣支持型穩定幣的機構必須申請並獲得牌照，未經授權的實體將被禁止銷售和推廣相關穩定幣。此舉旨在提升監管透明度，並透過嚴格的合規要求，例如1:1的法幣儲備以及嚴格的反洗錢（AML）措施，來保障投資者利益。</p><p>&nbsp;</p><p>香港金融管理局（HKMA）行政總裁余偉文表示：「新的牌照制度將為大眾和投資者提供更好的保障。香港金融管理局將繼續與持份者合作，發展香港穩定幣活動的監管制度。」 然而，目前業界反應相對謹慎，主要穩定幣供應商尚未公開表態。</p><p>&nbsp;</p><h3><strong>香港正式實施穩定幣牌照制度 與歐盟的MiCA規範有相似之處</strong></h3><p>&nbsp;</p><p>值得注意的是，香港的監管措施與<a href="https://cftime.io/uk-government-rejects-bitcoin-asset-reserve-plan/">歐盟的MiCA</a>（市場在加密資產市場的監管）規範有相似之處，但香港採取了更為直接的措施，從第一天起就實施強制性牌照制度，這在全球金融監管領域中相當罕見。</p><p>&nbsp;</p><p>根據CoinMarketCa數據顯示，Tether (USDT) 的價格維持在1.00美元，市值達1530.9億美元，佔市場主導地位的4.70%。儘管過去24小時價格微漲0.04%，但交易量卻下降了12.52%，來到872.7億美元。</p><p>&nbsp;</p><p>Coincu研究團隊分析指出，香港的這項新監管措施將可能深刻影響全球加密貨幣市場的動態，推動市場朝向更透明和安全的交易環境發展。 同時，也可能促使穩定幣發行商調整其營運策略，以符合香港更嚴格的合規標準。</p>

HK implements stablecoin licensing system

香港正式实施稳定币牌照制度 加密货币市场迎来新监管时代

香港正式實施穩定幣牌照制度 加密貨幣市場迎來新監管時代

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</div><p>Moody's downgrade of the US sovereign credit rating from Aaa to Aa1, ending a century of top-tier status, sent shockwaves through the market and highlighted Bitcoin's potential as a hedge against fiscal risks. Following similar downgrades by S&amp;P (2011) and Fitch (2023), Moody's action reflects the US's growing fiscal deficit, rising interest payments, and a lack of effective fiscal reforms. Moody's further warned that continuing Trump-era tax cuts could push the US deficit to 9% of GDP by 2035.</p><p>&nbsp;</p><p>The announcement immediately drove up US Treasury yields and caused a slight dip in equity futures. The White House attributed the downgrade to political motivations, citing ongoing Congressional negotiations on a $3.8 trillion tax and spending package.</p><p>&nbsp;</p><p>Ironically, the downgrade bolstered the argument for Bitcoin as a safe haven asset. On-chain data reveals a continued decline in Bitcoin supply on exchanges. After a brief rise from 1.42 million to 1.43 million between May 2nd and 7th, the supply fell back to 1.41 million, indicating investor preference for long-term holding over selling and easing market sell-off pressure. This trend mirrors the earlier decline from 1.47 million to 1.42 million between April 17th and May 2nd.</p><p>&nbsp;</p><p>In summary, while Bitcoin's price remains in a short-term consolidation phase, the long-term impact of the US credit rating downgrade could significantly enhance Bitcoin's appeal as a hedge against fiscal instability and sovereign risk.</p>

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</div><p>国际信用评级机构穆迪将美国主权信用评级从Aaa下调至Aa1，终结了美国长达一个世纪的最高信用评级纪录，此举引发市场震荡，并再次凸显比特币作为对抗财政风险避险资产的潜力。穆迪下调美国信用评级，紧随标普(S&amp;P)于2011年及惠誉(Fitch)于2023年的评级下调之后，反映出美国日益增长的财政赤字、不断攀升的利息支出以及缺乏有效的财政改革措施。</p><p>&nbsp;</p><p>穆迪更警告，若延续特朗普时代的减税政策，美国至2035年的财政赤字可能攀升至GDP的9%。</p><p>&nbsp;</p><p>此消息一出，美国国债收益率应声上扬，股市期货则小幅下跌。白宫则将此次评级下调归咎于政治因素，并指出国会仍在就3.8万亿美元的税收及支出方案进行协商。</p><p>&nbsp;</p><h3><strong>穆迪下调美国信用评级 却意外强化了比特币的避险功能论述</strong></h3><p>&nbsp;</p><p>然而，此事件却意外地强化了比特币的避险功能论述。 链上数据显示，交易所的比特币供应量持续下降，由5月2日至7日期间的142万枚小幅上升至143万枚后，再次回落至141万枚，显示投资者倾向于长期持有而非抛售，减轻了市场的抛售压力。 此趋势与4月17日至5月2日期间的供应量下降(由147万枚降至142万枚)一脉相承。</p><p>&nbsp;</p><p>总体而言，比特币价格短期内仍处于盘整阶段，但长期而言，美国信用评级下调可能强化比特币作为对抗财政不稳定及主权风险避险工具的吸引力。</p>

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</div><p>國際信用評級機構穆迪將美國主權信用評級從Aaa下調至Aa1，終結了美國長達一個世紀的最高信用評級紀錄，此舉引發市場震盪，並再次凸顯比特幣作為對抗財政風險避險資產的潛力。穆迪下調美國信用評級，緊隨標普(S&amp;P)於2011年及惠譽(Fitch)於2023年的評級下調之後，反映出美國日益增長的財政赤字、不斷攀升的利息支出以及缺乏有效的財政改革措施。</p><p>&nbsp;</p><p>穆迪更警告，若延續<a href="https://cftime.io/trump-denies-profiting-from-crypto-policy/">特朗普時代</a>的減稅政策，美國至2035年的財政赤字可能攀升至GDP的9%。</p><p>&nbsp;</p><p>此消息一出，美國國債收益率應聲上揚，股市期貨則小幅下跌。白宮則將此次評級下調歸咎於政治因素，並指出國會仍在就3.8萬億美元的稅收及支出方案進行協商。</p><p>&nbsp;</p><h3><strong>穆迪下調美國信用評級 卻意外強化了比特幣的避險功能論述</strong></h3><p>&nbsp;</p><p>然而，此事件卻意外地強化了比特幣的避險功能論述。 鏈上數據顯示，交易所的比特幣供應量持續下降，由5月2日至7日期間的142萬枚小幅上升至143萬枚後，再次回落至141萬枚，顯示投資者傾向於長期持有而非拋售，減輕了市場的拋售壓力。 此趨勢與4月17日至5月2日期間的供應量下降(由147萬枚降至142萬枚)一脈相承。</p><p>&nbsp;</p><p>總體而言，比特幣價格短期內仍處於盤整階段，但長期而言，美國信用評級下調可能強化比特幣作為對抗財政不穩定及主權風險避險工具的吸引力。</p>

Moody's downgrades US credit rating. What impact will it have on Bitcoin?

穆迪下调美国信用评级 对比特币带来怎么影响？

穆迪下調美國信用評級 對比特幣帶來怎麼影響？

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</div><p>Binance founder Changpeng Zhao (CZ) predicts Bitcoin's price will surge to $500,000, potentially even exceeding $1 million. This prediction is based on his assessment of several positive market factors.</p><p>&nbsp;</p><p>In a recent media interview, CZ elaborated on his bullish outlook. He cited three key drivers for Bitcoin's price increase: growing institutional investor interest, a more positive regulatory environment, and increasing mainstream adoption.</p><p>&nbsp;</p><p>CZ stated that the conditions for a significant Bitcoin price rise are ripe, declaring, "The momentum is there, the infrastructure is ready." While he didn't provide a specific timeframe for the price surge, he emphasized that the groundwork is laid for substantial growth. He highlighted the approval of Bitcoin ETFs in the US and the active participation of sovereign wealth funds in the cryptocurrency market as significant catalysts for substantial capital inflows into Bitcoin. Traditional financial institutions are no longer on the sidelines but are actively engaging in Bitcoin investment.</p><p>&nbsp;</p><p>Furthermore, CZ believes that the proactive development of digital asset regulatory frameworks globally will reduce investment risk, attracting investors with lower risk tolerance. Regulatory clarity boosts the confidence of large financial institutions to participate in the Bitcoin market.</p><p>&nbsp;</p><p>Beyond price predictions, CZ also mentioned actively exploring new use cases for Bitcoin and Binance Coin (BNB), aiming to expand the utility of core crypto assets beyond speculation. While he didn't detail these applications in the interview, this aligns with the broader cryptocurrency industry's focus on developing real-world use cases, such as cross-border payments, tokenized assets, and decentralized finance (DeFi).</p>

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</div><p>赵长鹏预测比特币价格将飙升至50万美元，甚至突破100万美元大关。此预测基于他对市场多项利好因素的综合判断。</p><p>&nbsp;</p><p>在接受媒体采访时，赵长鹏详细阐述了他的乐观预期。他认为，机构投资者兴趣持续增长、监管环境的积极变化以及比特币在主流市场的普及程度不断提升，是推动比特币价格上涨的三大关键因素。</p><p>&nbsp;</p><h3><strong>赵长鹏预测比特币价格 指大幅上升条件已经成熟</strong></h3><p>&nbsp;</p><p>赵长鹏指出：「动能已成，基础设施已就绪。」 他虽然没有提供具体的价格上涨时间点，但强调比特币大幅上升条件已经成熟。他特别提到，美国批准比特币 ETF，以及主权财富基金积极参与加密货币市场，将为比特币带来大量资金流入。传统金融机构不再持观望态度，而是积极参与比特币投资。</p><p>&nbsp;</p><p>此外，赵长鹏也认为，全球各地政府积极制定数位资产监管框架，有助于降低投资风险，进而吸引更多风险承受能力较低的投资者。 监管明确性提升，让大型金融机构更有信心参与比特币市场。</p><p>&nbsp;</p><p>除了价格预测，赵长鹏也提及他正积极探索比特币和币安币（BNB）的新应用场景，目标是将核心加密资产的用途拓展至投机以外的领域。虽然他在采访中未详细说明，但此举与整个加密货币产业积极发展实际应用案例的趋势相符，例如跨境支付、代币化资产以及去中心化金融（DeFi）等。</p>

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</div><p><a href="https://cftime.io/cz-refutes-wall-street-journals-allegations/">趙長鵬</a>預測比特幣價格將飆升至50萬美元，甚至突破100萬美元大關。此預測基於他對市場多項利好因素的綜合判斷。</p><p>&nbsp;</p><p>在接受媒體採訪時，趙長鵬詳細闡述了他的樂觀預期。他認為，機構投資者興趣持續增長、監管環境的積極變化以及比特幣在主流市場的普及程度不斷提升，是推動比特幣價格上漲的三大關鍵因素。</p><p>&nbsp;</p><h3><strong>趙長鵬預測比特幣價格 指大幅上升條件已經成熟</strong></h3><p>&nbsp;</p><p>趙長鵬指出：「動能已成，基礎設施已就緒。」 他雖然沒有提供具體的價格上漲時間點，但強調比特幣大幅上升條件已經成熟。他特別提到，美國批准比特幣 ETF，以及主權財富基金積極參與加密貨幣市場，將為比特幣帶來大量資金流入。傳統金融機構不再持觀望態度，而是積極參與比特幣投資。</p><p>&nbsp;</p><p>此外，趙長鵬也認為，全球各地政府積極制定數位資產監管框架，有助於降低投資風險，進而吸引更多風險承受能力較低的投資者。 監管明確性提升，讓大型金融機構更有信心參與比特幣市場。</p><p>&nbsp;</p><p>除了價格預測，趙長鵬也提及他正積極探索比特幣和幣安幣（BNB）的新應用場景，目標是將核心加密資產的用途拓展至投機以外的領域。雖然他在採訪中未詳細說明，但此舉與整個加密貨幣產業積極發展實際應用案例的趨勢相符，例如跨境支付、代幣化資產以及去中心化金融（DeFi）等。</p>

CZ predicts Bitcoin price will rise to 500K USD

赵长鹏预测比特币价格将升至50万美元

趙長鵬預測比特幣價格將升至50萬美元  

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</div><p>Binance founder Changpeng Zhao (CZ) recently revealed details of his imprisonment following Binance's settlement with U.S. authorities, and shared his views on the future of the cryptocurrency industry.</p><p>&nbsp;</p><p>In an interview with Farouk Radio at the Token 2049 conference, Zhao openly discussed his prison experience, stating that it brought him immense mental and emotional stress and reshaped his life priorities.</p><p>&nbsp;</p><h3><strong>CZ Opens Up About Prison Experience: Mental Stress Far Greater Than Physical Hardship</strong></h3><p>&nbsp;</p><p>Zhao described being held in a low-security prison in the U.S., but due to his non-U.S. citizen status, he was placed with violent offenders, unlike the minimum-security facility he expected. "My cellmate was sentenced to 30 years for killing two people," he said. "I was scared...the prison environment was not good." He emphasized that the mental stress was far greater than the physical hardship, especially worrying about being detained longer than the expected four months, describing the experience as being like "Hotel California, you can check in, but you can never leave."</p><p>&nbsp;</p><p>This prison experience made Zhao re-evaluate his life values. "Health is the most important, followed by family," he said. "You don't miss money, you don't miss work, you miss your family." He is now focused on mentoring entrepreneurs, building educational platforms, and spending more quality time with his family, even deliberately reducing his phone usage.</p><p>&nbsp;</p><p>During the interview, Zhao also shared his views on the current state of the cryptocurrency industry, specifically mentioning meme coins, Real World Assets (RWAs), and Decentralized Science (DeSci). He believes that while meme coins attract a lot of retail attention, "99.9 percent of meme coins will fail" and distract people from projects with real utility. In contrast, he is optimistic about the prospects of AI, DeSci, and RWAs, believing that AI will be combined with blockchain technology, calling "AI a post-blockchain technology," and that DeSci can effectively fund scientific research through smart contracts, accelerating drug development and biological research.</p><p>&nbsp;</p><p>Regarding the shift in U.S. government policy, Zhao expressed cautious optimism about the current administration. "I didn't expect the U.S. to make a 180-degree turn in 100 days," he said. "The president supports cryptocurrency, and it's not just lip service, but actual action. This changes everything." He denied the Wall Street Journal's report that he cooperated with authorities to reduce his sentence and said he had applied for a presidential pardon, but the outcome was beyond his control. Finally, Zhao made it clear that he will not return to the Binance leadership team, stating, "That chapter is closed."</p>

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</div><p>币安（Binance）创办人赵长鹏近日首度公开其因币安与美国当局达成和解而入狱的详细经历，并分享其对加密货币产业未来发展的看法。 他在Token 2049大会上接受Farouk Radio专访中，赵长鹏狱中经历大公开，指狱中生活带给他巨大的身心压力，并重塑了他的生活优先顺序。</p><p>&nbsp;</p><h3><strong>赵长鹏狱中经历大公开 &nbsp;心理压力远大于肉体上的痛苦</strong></h3><p>&nbsp;</p><p>赵长鹏描述，他被关押在美国一所低度戒备的监狱，但由于非美国公民身分，与预期中的最低度戒备设施不同，他与暴力罪犯同处一室。 「我的牢友因同时杀害两人而被判30年徒刑，」他说道，「我很害怕……狱中环境并不好。」 他强调，狱中心理压力远大于肉体上的痛苦，尤其担心被关押时间超过预期的四个月，形容那段经历如同「加州旅馆（Hotel California），你可以办理入住，但永远无法退房」。</p><p>&nbsp;</p><p>这次狱中经历使赵长鹏重新审视人生价值观，「健康最重要，其次是家人，」他说，「你不会想念钱，也不会想念工作，你会想念你的家人。」 目前他专注于辅导创业者、建立教育平台，并与家人共度更多高品质时间，甚至刻意减少使用手机的时间。</p><p>&nbsp;</p><p>访谈中，赵长鹏也针对加密货币产业现状发表看法，特别点名迷因币、现实世界资产（RWAs）和去中心化科学（DeSci）。他认为，尽管迷因币吸引了大量散户关注，但「百分之九十九点九的迷因币都会失败」，并分散了人们对具有实际效用的项目的注意力。 相较之下，他看好AI、DeSci和RWAs 的发展前景，认为AI将与区块链技术结合，「AI是一种后区块链技术」，而DeSci能透过智慧合约有效资助科学研究，加速药物研发和生物学研究的进程。</p><p>&nbsp;</p><p>针对美国政府政策的转变，赵长鹏表示对现任政府持谨慎乐观态度，「我没想到美国会在100天内180度大转弯，」他说，「总统支持加密货币，这不仅仅是口头上的支持，而是实际行动。这改变了一切。」 他否认了《华尔街日报》关于他与当局合作以减刑的报导，并表示已申请总统赦免，但结果并非他能掌控。 最后，赵长鹏明确表示，他不会重返币安领导团队，「那段篇章已经结束了。」</p>

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</div><p>幣安（Binance）創辦人<a href="https://cftime.io/cz-rarely-appears-in-hong-kong/">趙長鵬</a>近日首度公開其因幣安與美國當局達成和解而入獄的詳細經歷，並分享其對加密貨幣產業未來發展的看法。 他在Token 2049大會上<a href="https://decrypt.co/videos/interviews/oZc7E2jw/binance-founder-cz-talks-life-inside-prison-trump-presidency-and-the-state-of-crypto">接受Farouk Radio專訪中</a>，趙長鵬獄中經歷大公開，指獄中生活帶給他巨大的身心壓力，並重塑了他的生活優先順序。</p><p>&nbsp;</p><p><strong>即加入</strong><a href="https://t.me/+l--9PJpFdIgxOTk9"><strong>CFTime TG 討論區</strong></a><strong>！想掌握最新加密市場動態與 AI 新聞與資訊，更能隨時獲得免費 web 3入場券！</strong></p><p>&nbsp;</p><h3><strong>趙長鵬獄中經歷大公開 心理壓力遠大於肉體上的痛苦</strong></h3><p>&nbsp;</p><p>趙長鵬描述，他被關押在美國一所低度戒備的監獄，但由於非美國公民身分，與預期中的最低度戒備設施不同，他與暴力罪犯同處一室。「我的牢友因同時殺害兩人而被判30年徒刑，」他說道，「我很害怕……獄中環境並不好。」 他強調，獄中心理壓力遠大於肉體上的痛苦，尤其擔心被關押時間超過預期的四個月，形容那段經歷如同「加州旅館（Hotel California），你可以辦理入住，但永遠無法退房」。</p><p>&nbsp;</p><p>這次獄中經歷使趙長鵬重新審視人生價值觀，「健康最重要，其次是家人，」他說，「你不會想念錢，也不會想念工作，你會想念你的家人。」 目前他專注於輔導創業者、建立教育平台，並與家人共度更多高品質時間，甚至刻意減少使用手機的時間。</p><p>&nbsp;</p><p>訪談中，趙長鵬也針對加密貨幣產業現狀發表看法，特別點名迷因幣、現實世界資產（RWAs）和去中心化科學（DeSci）。他認為，儘管迷因幣吸引了大量散戶關注，但「百分之九十九點九的迷因幣都會失敗」，並分散了人們對具有實際效用的項目的注意力。 相較之下，他看好AI、DeSci和RWAs 的發展前景，認為AI將與區塊鏈技術結合，「AI是一種後區塊鏈技術」，而DeSci能透過智慧合約有效資助科學研究，加速藥物研發和生物學研究的進程。</p><p>&nbsp;</p><p>針對美國政府政策的轉變，趙長鵬表示對現任政府持謹慎樂觀態度，「我沒想到美國會在100天內180度大轉彎，」他說，「總統支持加密貨幣，這不僅僅是口頭上的支持，而是實際行動。這改變了一切。」<a href="https://cftime.io/cz-refutes-wall-street-journals-allegations/"> 他否認了《華爾街日報》</a>關於他與當局合作以減刑的報導，並表示已申請總統赦免，但結果並非他能掌控。 最後，趙長鵬明確表示，他不會重返幣安領導團隊，「那段篇章已經結束了。」</p>

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