占据 Berachain 生态核心的项目是 Infrared Finance，也是 Berachain 基金会 「Build-A-Bera」 孵化计划的首批项目。

金色财经推出《金色Web3.0日报》，为您提供最新、最快的MEME、DeFi、DAO、NFT和元宇宙行业新闻。

由 Peter Thiel 旗下的 Founders Fund 领投、种子轮融资高达 8500 万美元的 Sentient Labs，近日推出了全新的开源 AI 搜索框架——Open Deep Search（ODS）。

唐纳德·特朗普曾经将比特币斥为「骗局」。如今，他重返白宫，并采取了支持加密货币的举措。

本报告聚焦矿机制造、自营矿场与云算力三大模块，从供应链、成本结构、地缘转移到股价表现，全面梳理全球矿业版图的变化趋势与潜在风险。

今日晚间推荐阅读：1.Bitget合约事故后续：回滚交易 向用户发律师函；2.以太坊陷入困境的三大原因；3.俄罗斯加密货币的政策演变与发展前景；

到 2025 年初，Meta 的元宇宙项目已成为一个财务黑洞，累计亏损高达 450 亿美元。

2022年爆发的俄乌冲突和随之而来的美欧制裁，推动了俄罗斯加密货币政策从“严格监管向金融交易。

稳定币将从目前的加密交易辅助工具，将逐步演变为全球金融系统中的重要基础设施。

El Salvador has stopped using public funds to buy Bitcoin as part of an agreement with the IMF. However, the country continues to grow its Bitcoin holdings through private sources.

According to PANews, hedge fund Kerrisdale Capital has disclosed a subtle investment thesis: going long on Bitcoin (BTC) while shorting MicroStrategy stock. The premise is that MicroStrategy, positioning itself as a BTC investment tool, has an unreasonable premium compared to the underlying crypto asset that mainly constitutes its value. Kerrisdale Capital's analysis states, "MicroStrategy's stock price has soared with the recent rise in BTC prices, but as is often the case with crypto assets, things have gotten out of control." Kerrisdale also highlighted a key difference, pointing out that MicroStrategy's stock price implies a BTC value of "over $177,000, or 2.5 times the spot price of BTC." In discussing the reasons behind MicroStrategy's stock price premium, Kerrisdale refuted some views supporting the company's market valuation. The report bluntly states, "The reasons for giving a premium to MicroStrategy's stock are not enough to justify paying more than double the price for the same coin." This statement emphasizes Kerrisdale's stance on MicroStrategy's overvaluation in terms of direct BTC exposure. Since 1989, under the leadership of CEO Michael Saylor, MicroStrategy has been actively accumulating BTC and making it a core pillar of its investment strategy. From August 2020 to 2023, the company conducted significant financial operations to increase its holdings, currently exceeding 214,000 BTC. Kerrisdale's valuation method considers MicroStrategy's enterprise software business and its BTC reserves. The conclusion drawn from the analysis is that although the software business is still in operation, it "no longer contributes meaningful value to the entire enterprise," highlighting the overwhelming impact of BTC on the company's valuation. A key criticism from Kerrisdale is the high premium of MicroStrategy's stock relative to its net asset value (NAV). The report notes, "MicroStrategy's stock premium is 2.6 times, which is exceptionally high." Kerrisdale believes that if MicroStrategy's stock premium rate is adjusted to a more historically consistent level, the stock will experience a significant decline relative to BTC's performance. The report delves into the potential impact of MicroStrategy's financial strategy, including its reliance on leverage and the dilutive effect of its financing mechanisms. Kerrisdale's analysis indicates that while MicroStrategy has successfully increased its BTC holdings through aggressive capital market activities, the dilutive effects of debt financing and stock issuance have caused the number of BTC per share to stagnate. Finally, Kerrisdale Capital estimates, "If the current 2.6 times premium contract is adjusted to a more historically consistent 1.3 times, MSTR's decline relative to BTC will be 50%." This conclusion is drawn after studying the interactions between MicroStrategy's stock premium, BTC holdings, and broader market dynamics.

Grayscale Solana Trust (GSOL) experienced a remarkable market surge, with its share price soaring to $540, far outpacing the Net Asset Value (NAV) per share of $55.48. Despite a slight 0.05% daily uptick in NAV, the trust’s market valuation indicated a robust investor interest, with Assets Under Management (AUM) totaling nearly $49.5 million. This significant […] source: https://coinedition.com/grayscale-solana-trust-in-the-spotlight-as-share-price-surges-to-540/

According to BlockBeats, recent data from Coinglass reveals that Grayscale's Ethereum Trust (ETHE) and Ethereum Classic Trust (ETC) are currently experiencing negative premium rates. The ETHE trust has a negative premium rate of 8.17%, while the ETC trust has a significantly higher negative premium rate of 44.3%. Negative premium rates indicate that the market price of the trust's shares is lower than the net asset value (NAV) of the underlying assets. This situation can occur when there is a decrease in demand for the trust's shares or an increase in the supply of the underlying assets. Grayscale's trusts are popular investment vehicles for institutional investors looking to gain exposure to cryptocurrencies without directly owning the assets. The trusts hold the respective cryptocurrencies and issue shares that represent a portion of the underlying assets. Investors can buy and sell these shares on the secondary market, which can lead to fluctuations in the premium rates. The negative premium rates for Grayscale's ETHE and ETC trusts may be a cause for concern for some investors, as it could signal a lack of demand for the shares or an oversupply of the underlying assets. However, it is important to note that premium rates can be volatile and may not necessarily indicate a long-term trend.

According to BlockBeats, recent data from Coinglass reveals that Grayscale's Ethereum Trust (ETHE) and Ethereum Classic Trust (ETC) are currently experiencing negative premium rates. The ETHE has a negative premium rate of 8.72%, while the ETC Trust has a significantly higher negative premium rate of 40.87%. These negative premium rates indicate that the market price of the shares in these trusts is lower than the net asset value (NAV) of the underlying assets. This situation can be attributed to various factors, including market sentiment, investor demand, and the overall performance of the cryptocurrency market. It is essential for investors to be aware of these negative premium rates as they can impact the potential returns on their investments. Investors should closely monitor the performance of these trusts and the cryptocurrency market to make informed decisions about their investments.

According to BlockBeats, recent data from Coinglass reveals that the Grayscale Ethereum Trust (ETHE) and Ethereum Classic Trust (ETC) are currently experiencing negative premium rates. The ETHE has a negative premium rate of 9.67%, while the ETC Trust's negative premium rate stands at 43.18%. These negative premium rates indicate that the market price of the shares in these trusts is lower than the net asset value (NAV) of the underlying assets. This situation can occur when the demand for the shares decreases or when the value of the underlying assets increases at a faster rate than the shares. Investors should be cautious when considering investments in trusts with negative premium rates, as this could potentially lead to losses if the market price does not recover to match the NAV. However, it is also worth noting that negative premium rates can present opportunities for investors who believe that the market price will eventually align with the NAV, allowing them to potentially profit from the price difference.

据官方公告，基于最新审查，币安将于 2024 年 4 月 3 日 14:00（东八区时间）停止支持杠杆代币服务。 币安将于 2024 年 2 月 28 日 14:00（东八区时间）停止杠杆代币交易对的交易和申购服务，随后终止赎回服务并下架杠杆代币（具体时间线如图所示）。 注意： -币安将于 2024 年 02 月 28 日 14:00（东八区时间）停止交易后，自动移除上述杠杆代币的所有交易挂单，用户将无法再下单； -建议用户提前将持有的上述杠杆代币兑换为其它代币。若用户在 2024 年 02 月 28 日 14:00（东八区时间）停止交易后，仍持有上述杠杆代币，请在下架时间前通过钱包页面或杠杆代币页面进行赎回； -如果用户在对应的下架时间后仍持有上述杠杆代币，币安将根据杠杆代币下架时对应的资产净值（NAV），将其兑换为等值 USDT，并于 24 小时内将 USDT 代币分发至用户账户。分发完成后，将从钱包中移除上述杠杆代币资产。

According to BlockBeats, recent data from Coinglass reveals that the Grayscale Ethereum Trust (ETHE) currently has a negative premium rate of 11.84%. Meanwhile, the Grayscale Ethereum Classic Trust (ETC) has a negative premium rate of 43.08%, and the Grayscale Livepeer Trust (LPT) has a positive premium rate of 176.34%. These varying premium rates indicate the differences in demand and market sentiment for each trust. The negative premium rates for ETHE and ETC suggest that the market price for these trusts is lower than their net asset value (NAV), while the positive premium rate for LPT indicates that its market price is higher than its NAV. The Grayscale Ethereum Trust, Ethereum Classic Trust, and Livepeer Trust are investment products that allow investors to gain exposure to the respective cryptocurrencies without directly owning them. The trusts' performance is tied to the underlying assets, and the premium rates can serve as an indicator of investor sentiment towards these assets.

According to Foresight News, Grayscale has opened private placement subscriptions for some of its cryptocurrency trusts to accredited investors. The trusts include Grayscale Bitcoin Cash Trust, Grayscale Chainlink Trust, Grayscale Litecoin Trust, Grayscale Solana Trust, and Grayscale Stellar Lumens Trust. Subscriptions will be based on the net asset value (NAV) of the trusts. Grayscale's official website shows that the product lifecycle of its trusts currently consists of four stages: private placement, public offering, US Securities and Exchange Commission (SEC) offering, and ETF type.

According to CryptoPotato, BlackRock and Fidelity's spot Bitcoin exchange-traded funds (ETFs) have set a new record by amassing more assets in their first month of trading than any other ETF launched in the U.S. in the past 30 years. The development comes amid a new report from earlier this week that showed IBIT was among the top five of the largest ETFs by inflows this year. Bloomberg Intelligence data shows BlackRock's IBIT and Fidelity's FBTC have each managed to gain over $3 billion in assets within the first 17 trading days of their launch, a feat unmatched by any of over 5,500 ETFs listed. A Bloomberg ETF analyst, Eric Balchunas, highlighted this in a February 8 post, stating that IBIT and FBTC are in a “league of their own.” Previously, the record for the highest assets under management (AUM) in the debut month was held by BlackRock’s iShares Climate Conscious & Transition MSCI USA ETF, which launched on June 8, 2023, and gathered $2.2 billion. According to Balchunas, the BlackRock and Fidelity ETF results are even more remarkable since most other such products on the list were “Bring Your Own Assets” (BYOA) ETFs, implying that one investor was responsible for all the ETF’s AUM. In contrast, BlackRock and Fidelity’s ETFs experienced inflows every trading day since their launch, a phenomenon Balchunas described as “literally unprecedented.” Balchunas also noted that the data excluded ETFs that underwent conversions, like Grayscale’s GBTC, and around 100 mutual funds that converted to exchange-traded funds. He also noted the mass outflows from Grayscale’s Bitcoin ETF, which have been a factor for the spot Bitcoin ETF performance. The Bloomberg ETF analyst noted competition since ten spot Bitcoin ETFs launched on the same day. The ARK 21Shares’s spot Bitcoin ETF (ARKB) and Bitwise (BITB) ETFs ranked 20th and 22nd, respectively. IBIT and FBTC have gained an advantage over the Grayscale Bitcoin Trust (GBTC), the largest fund by assets under management, in at least two liquidity metrics, according to JPMorgan. The Hui-Heubel ratio, a proxy for market breadth, is approximately four times lower for BlackRock and Fidelity ETFs than GBTC, indicating greater market breadth for the former, JPMorgan says. Additionally, the deviation of ETF closing prices from their net asset value (NAV) has approached that of the SPDR Gold Shares ETF for BlackRock and Fidelity’s ETFs, implying improved liquidity. In contrast, GBTC’s deviations remain higher, suggesting lower liquidity than BlackRock and Fidelity’s ETFs.

According to CoinDesk, JPMorgan's recent research report indicates that Blackrock and Fidelity spot bitcoin exchange-traded funds (ETFs) already have an advantage over Grayscale in terms of certain liquidity metrics linked to market breadth. Despite outflows from Grayscale's GBTC slowing down in the fourth week following approval by the U.S. Securities and Exchange Commission (SEC), the fund is expected to lose more funds to the newly created ETFs, particularly Blackrock and Fidelity products, if it doesn't significantly reduce its fees. Grayscale charges the highest fees among spot bitcoin ETF issuers. Although it lowered its 2% management fee to 1.5% during its conversion to a spot bitcoin ETF, it remains more expensive than its competitors. JPMorgan analysts, led by Nikolaos Panigirtzoglou, noted that Blackrock and Fidelity ETFs already have an advantage over GBTC in terms of two liquidity metrics. The first is the bank's proxy for market breadth based on the Hui-Heubel ratio, which is about four times higher for GBTC than for Blackrock and Fidelity ETFs. The second metric is based on the average absolute deviation of ETF closing prices from net asset value (NAV). In the last week, this metric showed that the ETF price deviation from NAV for Fidelity and Blackrock spot bitcoin ETFs approached that of the GLD Gold ETF, implying a significant improvement in liquidity, while the deviations for the GBTC ETF remained high, implying lower liquidity.