{"id":1397,"date":"2025-07-19T09:51:29","date_gmt":"2025-07-19T01:51:29","guid":{"rendered":"http:\/\/www.design-suit.com\/?p=1397"},"modified":"2025-07-19T09:51:29","modified_gmt":"2025-07-19T01:51:29","slug":"pantera%e5%90%88%e4%bc%99%e4%ba%ba%ef%bc%9a%e5%85%b3%e7%a8%8e%e6%88%98%e5%af%bc%e8%87%b4%e7%9a%84%e6%8a%9b%e5%94%ae%e5%b7%b2%e8%bf%87%ef%bc%8cbtc%e5%b0%86%e9%87%8d%e6%96%b0%e8%bf%9b%e5%85%a5%e7%89%9b","status":"publish","type":"post","link":"http:\/\/www.wancg.com\/?p=1397","title":{"rendered":"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02 | PANews"},"content":{"rendered":"

\u6765\u6e90\uff1aPantera Capital 2025\u5e744\u6708Blockchain Letter<\/p>\n

\u4f5c\u8005\uff1aCosmo Jiang\uff0cPantera Capital\u5408\u4f19\u4eba\uff1b\u7f16\u8bd1\uff1aAIMan@\u91d1\u8272\u8d22\u7ecf<\/p>\n

2025\u5e74\uff0c\u52a0\u5bc6\u8d27\u5e01\u9886\u57df\u548c\u66f4\u5e7f\u6cdb\u7684\u5b8f\u89c2\u73af\u5883\u4e2d\u53d1\u751f\u7684\u4e00\u7cfb\u5217\u4e8b\u4ef6\u5bf9\u5e02\u573a\u4ea7\u751f\u4e86\u5f71\u54cd\u3002\u5927\u578b\u5b8f\u89c2\u529b\u91cf\u663e\u7136\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\uff0c\u5927\u591a\u6570\u884c\u4e1a\u548c\u8d44\u4ea7\u7c7b\u522b\u7684\u98ce\u9669\u504f\u597d\u6301\u7eed\u56de\u843d\u3002\u867d\u7136\u6570\u5b57\u8d44\u4ea7\u5728\u589e\u957f\u578b\u6295\u8d44\u65b9\u9762\u5904\u4e8e\u9886\u5148\u5730\u4f4d\uff0c\u4f46\u5b83\u4eec\u4e5f\u8fdc\u672a\u514d\u53d7\u5176\u5f71\u54cd\u3002<\/p>\n

2025\u5e74\u5f00\u5c40\u4e50\u89c2\uff0c\u653f\u6cbb\u6001\u5ea6\u8f6c\u5411\u52a0\u5bc6\u8d27\u5e01\uff0c\u63a8\u52a8\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u4ece\u53bb\u5e7411\u6708\u5927\u9009\u5230\u4eca\u5e741\u6708\u4e00\u8def\u4e0a\u6da8\u3002\u7136\u800c\uff0c\u5728\u6bd4\u7279\u5e01\u548cSolana\u4e8e1\u6708\u521b\u4e0b\u5386\u53f2\u65b0\u9ad8\u540e\uff0c\u7279\u6717\u666e\u7684\u5c31\u804c\u5178\u793c\u5374\u53d8\u6210\u4e86\u5178\u578b\u7684\u201cbuy the rumor, sell the news\u201d\u3002\u6807\u51c6\u666e\u5c14500\u6307\u6570\u548c\u6bd4\u7279\u5e01\u5747\u4e0b\u8dcc\u4e8615-20%\uff08\u5c3d\u7ba1\u6bd4\u7279\u5e01\u6b64\u540e\u6709\u6240\u56de\u5347\uff09\u3002\u4f46\u5982\u679c\u4ece\u5185\u90e8\u6765\u770b\uff0c\u9ad8\u589e\u957f\u548c\u5c0f\u76d8\u80a1\u7684\u8868\u73b0\u66f4\u5dee\u3002\u4f8b\u5982\uff0c\u5e02\u503c\u7b2c\u4e8c\u5927\u7684\u4ee3\u5e01\u4ee5\u592a\u574a\u4e0b\u8dcc\u4e8647%\u3002\u6b64\u6b21\u56de\u8c03\u4e3b\u8981\u53ef\u4ee5\u5f52\u56e0\u4e8e\u5b8f\u89c2\u56e0\u7d20\uff0c\u4ee5\u53ca\u4e00\u4e9b\u6570\u5b57\u8d44\u4ea7\u7279\u6709\u7684\u95ee\u9898\u3002<\/p>\n

\"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02\"<\/p>\n

\u4ece\u5b8f\u89c2\u89d2\u5ea6\u6765\u770b\uff0c\u5e02\u573a\u62c5\u5fc3\u653f\u7b56\u4e0d\u786e\u5b9a\u6027\u589e\u52a0\u548c\u6ede\u80c0\uff0c\u6ede\u6da8\u662f\u7ecf\u6d4e\u589e\u957f\u653e\u7f13\u548c\u901a\u80c0\u4e0a\u5347\u7684\u7ed3\u5408\u3002\u7279\u6717\u666e\u7ee7\u7eed\u63a8\u884c\u5176\u5173\u7a0e\u8ba1\u5212\uff08\u76ee\u524d\uff0c\u5bf9\u8d85\u8fc710%\u57fa\u51c6\u7a0e\u7387\u7684\u201c\u5bf9\u7b49\u201d\u5173\u7a0e\u6682\u505c90\u5929\uff0c\u4e0d\u5305\u62ec\u4e2d\u56fd\uff09\uff0c\u8fd9\u5df2\u7ecf\u964d\u4f4e\u4e86\u6d88\u8d39\u8005\u4fe1\u5fc3\u3001\u4f01\u4e1a\u76c8\u5229\u548cGDP\u9884\u6d4b\u3002\u8fd9\u59cb\u4e8e\u4ed6\u5c31\u804c\u5178\u793c\u4e0a\u7684\u7b2c\u4e00\u9879\u884c\u653f\u4ee4\uff0c\u4f46\u76f4\u52302\u67081\u65e5\u7b2c\u4e00\u8f6e\u9488\u5bf9\u58a8\u897f\u54e5\u3001\u52a0\u62ff\u5927\u548c\u4e2d\u56fd\u7684\u5173\u7a0e\u751f\u6548\uff0c\u5e02\u573a\u624d\u771f\u6b63\u91cd\u89c6\u4ed6\u3002\u6b64\u540e\uff0c\u6bcf\u6b21\u91cd\u5927\u5173\u7a0e\u58f0\u660e\u90fd\u5bfc\u81f4\u5e02\u573a\u4e0b\u8dcc\uff0c\u6700\u7ec8\u57284\u67082\u65e5\u7684\u201c\u89e3\u653e\u65e5\u201d\u8fbe\u5230\u9876\u5cf0\u3002<\/p>\n

\u867d\u7136\u5173\u7a0e\u4e00\u76f4\u662f\u4ef7\u683c\u8d70\u52bf\u7684\u6700\u5927\u9a71\u52a8\u56e0\u7d20\uff0c\u4f46\u4e5f\u51fa\u73b0\u4e86\u5176\u4ed6\u4e0d\u5229\u56e0\u7d20\uff0c\u4f8b\u5982\u653f\u5e9c\u6548\u7387\u90e8\uff08DOGE\uff09\u3002DOGE\u7684\u5f71\u54cd\u96be\u4ee5\u91cf\u5316\uff0c\u4f46\u4ece\u5b9a\u6027\u89d2\u5ea6\u6765\u770b\uff0c\u5b83\u5bf9\u653f\u5e9c\u96c7\u5458\u548c\u4e3a\u653f\u5e9c\u670d\u52a1\u7684\u4f01\u4e1a\u7684\u5fc3\u6001\u4ea7\u751f\u4e86\u663e\u8457\u5f71\u54cd\u3002\u9274\u4e8e\u8fd1\u5e74\u6765\u653f\u5e9c\u652f\u51fa\u5360GDP\u768423%\uff0c\u5e76\u5360\u65b0\u589e\u5c31\u4e1a\u5c97\u4f4d\u768425%\uff0c\u4efb\u4f55\u7531DOGE\u9a71\u52a8\u7684\u652f\u51fa\u524a\u51cf\u90fd\u5c06\u5bf9\u7ecf\u6d4e\u4ea7\u751f\u5207\u5b9e\u7684\u77ed\u671f\u5f71\u54cd\u3002\u65e0\u8bba\u8fd9\u4e9b\u653f\u7b56\u662f\u597d\u662f\u574f\uff0c\u5176\u53d8\u5316\u7684\u901f\u5ea6\u548c\u5e45\u5ea6\u90fd\u4e0e\u524d\u51e0\u5c4a\u653f\u5e9c\u622a\u7136\u4e0d\u540c\u3002\u5e02\u573a\u62c5\u5fe7\u4e0d\u786e\u5b9a\u6027\uff0c\u6211\u4eec\u5df2\u7ecf\u770b\u5230\u4e86\u9ed8\u8ba4\u7684\u53cd\u5e94\uff1a\u629b\u552e\u5e76\u91c7\u53d6\u66f4\u9632\u5fa1\u6027\u7684\u4ed3\u4f4d\u3002<\/p>\n

\u6b64\u5916\uff0c\u4ece\u57fa\u672c\u9762\u589e\u957f\u89d2\u5ea6\u6765\u770b\uff0c\u80a1\u5e02\u66fe\u53d7\u5230\u5bf9AI\u786c\u4ef6\u65e0\u9650\u9700\u6c42\u7684\u4e50\u89c2\u60c5\u7eea\u652f\u6491\u3002\u4f46\u5728\u5e02\u573a\u5f00\u59cb\u6d88\u5316DeepSeek\u6210\u5c31\u7684\u5f71\u54cd\u540e\uff0c\u8fd9\u79cd\u4e50\u89c2\u60c5\u7eea\u53d7\u5230\u4e86\u6253\u51fb\u3002\u6240\u6709\u4e0eAI\u76f8\u5173\u7684\u516c\u5f00\u80a1\u7968\u2014\u2014\u4ee5\u53ca\u4e0eAI\u76f8\u5173\u7684\u4ee3\u5e01\u2014\u2014\u5747\u906d\u5927\u5e45\u629b\u552e\uff0c\u8bb8\u591a\u8dcc\u5e45\u8d85\u8fc750%\u3002<\/p>\n

\u6570\u5b57\u8d44\u4ea7\u884c\u4e1a\u4e5f\u9762\u4e34\u7740\u4e00\u4e9b\u72ec\u7279\u7684\u6311\u6218\u3002\u9996\u5148\u662f memecoin \u6ce1\u6cab\u7684\u7834\u706d\u3002\u8fd9\u4e00\u6ce2\u4e0b\u8dcc\u59cb\u4e8e\u7279\u6717\u666e\u63a8\u51fa\u81ea\u5df1\u7684 memecoin \u4e4b\u540e\uff0c\u800c\u963f\u6839\u5ef7\u603b\u7edf\u54c8\u7ef4\u5c14\u00b7\u7c73\u83b1\u4f0a (Javier Milei) \u4e0e\u88ab\u64cd\u7eb5\u7684 LIBRA memecoin \u4e8b\u4ef6\u5f15\u53d1\u7684\u8f69\u7136\u5927\u6ce2\u4e4b\u540e\uff0c\u4e0b\u8dcc\u901f\u5ea6\u8fdb\u4e00\u6b65\u52a0\u5feb\u3002<\/p>\n

\u5173\u4e8e\u8fd9\u4e9b\u4e8b\u4ef6\u662f\u597d\u662f\u574f\uff0c\u5df2\u7ecf\u6709\u5f88\u591a\u4e89\u8bba\u2014\u2014\u6216\u8bb8\u4e24\u8005\u7686\u6709\u3002\u597d\u7684\u4e00\u9762\u662f\uff0c\u50cf\u7279\u6717\u666e\u8fd9\u6837\u7684\u9ad8\u8c03\u4eba\u7269\u6b63\u5728\u4e3a\u8fd9\u4e2a\u9886\u57df\u5e26\u6765\u5173\u6ce8\u548c\u65b0\u7528\u6237\uff0c\u6fc0\u52b1\u7740\u6765\u81eaWeb2\u4e16\u754c\u7684\u6548\u4eff\u8005\u3002\u4ee3\u5e01\u662f\u6211\u4eec\u89c1\u8fc7\u7684\u6700\u5177\u98a0\u8986\u6027\u7684\u8d44\u672c\u5f62\u6210\u5f62\u5f0f\uff0c\u6211\u5e0c\u671b\u8fd9\u80fd\u5728\u672a\u6765\u6fc0\u53d1\u66f4\u591a\u5bcc\u6709\u521b\u610f\u548c\u6210\u6548\u7684\u4ee3\u5e01\u53d1\u884c\u3002<\/p>\n

\u53e6\u4e00\u65b9\u9762\uff0cMeme\u5e01\u5f3a\u5316\u4e86\u666e\u901a\u89c2\u5bdf\u8005\u5bf9\u52a0\u5bc6\u8d27\u5e01\u7684\u8ba4\u77e5\uff1a\u52a0\u5bc6\u8d27\u5e01\u5145\u65a5\u7740\u9a97\u5c40\uff0c\u662f\u4e2a\u7b11\u8bdd\uff0c\u8fd9\u635f\u5bb3\u4e86\u8ba4\u771f\u6784\u5efa\u52a0\u5bc6\u8d27\u5e01\u7684\u5f00\u53d1\u8005\u7684\u58f0\u8a89\u3002\u5b83\u4eec\u8fd8\u4f1a\u5438\u8d70\u5176\u4ed6\u4ee3\u5e01\u7684\u6d41\u52a8\u6027\u548c\u5173\u6ce8\u5ea6\u3002\u800c\u4e14\uff0c\u7531\u4e8eMeme\u5e01\u901a\u5e38\u5177\u6709\u652b\u53d6\u6027\uff0c\u4e00\u65e6\u72c2\u70ed\u6d88\u9000\uff0c\u5176\u4ed6\u4ee3\u5e01\u5c31\u5f88\u96be\u6062\u590d\u3002<\/p>\n

\u672c\u5b63\u5ea6\u7b2c\u4e8c\u5927\u7279\u4f8b\u4e8b\u4ef6\u662f\u5168\u7403\u7b2c\u4e8c\u5927\u4ea4\u6613\u6240 Bybit \u906d\u9047\u9ed1\u5ba2\u653b\u51fb\u3002\u867d\u7136\u6ca1\u6709\u9020\u6210\u5ba2\u6237\u8d44\u91d1\u635f\u5931\u2014\u2014Bybit \u6210\u529f\u5f25\u8865\u4e86\u635f\u5931\u2014\u2014\u4f46\u8fd9\u4ecd\u7136\u524a\u5f31\u4e86\u4eba\u4eec\u5bf9\u6574\u4f53\u5e02\u573a\u7ed3\u6784\u7684\u4fe1\u5fc3\u3002<\/p>\n

\u5f53\u4f60\u628a\u6240\u6709\u8fd9\u4e9b\u4e8b\u4ef6\u653e\u5728\u4e00\u8d77\u65f6\uff0c\u4f60\u5c31\u4f1a\u770b\u5230\u5b83\u4eec\u662f\u5982\u4f55\u62d6\u7d2f\u5e02\u573a\u7684\u3002<\/strong><\/p>\n

\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u8868\u73b0<\/h3>\n

\u6b64\u6b21\u629b\u552e\u8303\u56f4\u5e7f\u6cdb\u3002\u7b2c\u4e00\u5b63\u5ea6\uff0c\u4ee3\u5e01\u4ef7\u683c\u4e2d\u4f4d\u6570\u4e0b\u8dcc\u4e86\u8d85\u8fc750%\uff0c\u4eca\u5e74\u4ee5\u6765\uff0c\u51e0\u4e4e100%\u7684\u4ee3\u5e01\u4ef7\u683c\u90fd\u4e3a\u4e0b\u8dcc\u3002\u9700\u8981\u6ce8\u610f\u7684\u662f\uff0c\u6b64\u6b21\u4ef7\u683c\u8d70\u52bf\u4e0e\u6807\u51c6\u666e\u5c14500\u6307\u6570\u53ca\u5176\u6807\u7684\u6210\u5206\u80a1\u7684\u8d70\u52bf\u7c7b\u4f3c\u3002<\/p>\n

\"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02\"<\/p>\n

\u6211\u4eec\u8ba4\u4e3a\uff0c\u5e02\u573a\u6b63\u65e5\u76ca\u5173\u6ce8\u57fa\u672c\u9762\u7a33\u5065\u7684\u4ee3\u5e01\uff0c\u800c\u6211\u4eec\u4e5f\u770b\u5230\u8fd9\u79cd\u8d8b\u52bf\u5728\u76f8\u5bf9\u8868\u73b0\u4e2d\u6709\u6240\u4f53\u73b0\u3002\u5e74\u521d\u81f3\u4eca\uff0c\u57fa\u672c\u9762\u7a33\u5065\u7684\u4ee3\u5e01\uff08\u5373\u62e5\u6709\u6536\u5165\u548c\u73b0\u91d1\u6d41\u7684\u4ee3\u5e01\uff09\u7684\u8868\u73b0\u6bd4\u6ca1\u6709\u6536\u5165\u7684\u4ee3\u5e01\u9ad8\u51fa 8 \u4e2a\u767e\u5206\u70b9\u3002Memecoin \u548c AI \u7684\u8868\u73b0\u4e5f\u900a\u8272\u4e8e\u5176\u4ed6\u4ee3\u5e01\u3002<\/p>\n

\"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02\"<\/p>\n

\u5c3d\u7ba1\u8fd9\u53ef\u80fd\u5f88\u75db\u82e6\uff0c\u4f46\u6211\u4eec\u76f8\u4fe1\uff0c\u5bf9\u4ece\u6839\u672c\u4e0a\u6765\u8bf4\u6beb\u65e0\u4ef7\u503c\u7684\u4ee3\u5e01\u8fdb\u884c\u8d44\u672c\u7834\u574f\u662f\u5065\u5eb7\u7684\u3002<\/p>\n

\u4ef7\u683c\u8868\u73b0\uff0c\u653e\u5728\u5386\u53f2\u80cc\u666f\u4e2d<\/h3>\n

\u6211\u4eec\u4e4b\u524d\u7ecf\u5386\u8fc7\u5f88\u591a\u6b21\u7c7b\u4f3c\u7684\u56de\u8c03\u3002\u8fd9\u5728\u66f4\u5e7f\u6cdb\u7684\u725b\u5e02\u4e2d\u5f88\u5e38\u89c1\u3002<\/p>\n

\u57282020\u5e74\u81f32022\u5e74\u7684\u4e0a\u4e00\u8f6e\u4e0a\u6da8\u8d8b\u52bf\u4e2d\uff0cBTC\u66fe\u51fa\u73b0\u8fc7\u4e94\u6b21\u8d85\u8fc720%\u7684\u5927\u5e45\u56de\u8c03\u3002\u5176\u4ed6\u4ee3\u5e01\u5219\u7ecf\u5386\u4e8640%\u81f350%\u7684\u56de\u8c03\u3002\u5373\u4f7f\u5728\u5f3a\u52b2\u7684\u5e02\u573a\u4e2d\uff0c\u8fd9\u79cd\u60c5\u51b5\u4e5f\u65f6\u6709\u53d1\u751f\u3002<\/p>\n

\"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02\"<\/p>\n

\u5728\u5f53\u524d\u7684\u957f\u671f\u4e0a\u6da8\u8d8b\u52bf\u4e2d\uff0c\u6211\u4eec\u5df2\u7ecf\u7ecf\u5386\u4e86\u4e09\u6b21\u8fd9\u6837\u7684\u56de\u8c03\u2014\u2014\u5305\u62ec\u6211\u4eec\u73b0\u5728\u6240\u5904\u7684\u8fd9\u6b21\u3002\u6bcf\u4e00\u6b21\uff0c\u88ab\u9707\u8361\u51fa\u5c40\u90fd\u662f\u4e00\u4e2a\u9519\u8bef\u3002\u4e8b\u5b9e\u4e0a\uff0c\u5728\u8fc7\u53bb\u4e00\u5468\uff0c\u6bd4\u7279\u5e01\u4ef7\u683c\u56de\u5347\u81f39.5\u4e07\u7f8e\u5143\uff0c\u5176\u4e2d\u5927\u90e8\u5206\u6da8\u5e45\u53d1\u751f\u5728\u5468\u4e09\u3002\u5bf9\u4e8e\u62e5\u6709\u957f\u671f\u6295\u8d44\u773c\u5149\u7684\u4eba\u6765\u8bf4\uff0c\u80fd\u591f\u627f\u53d7\u8fd9\u79cd\u6ce2\u52a8\u662f\u4e00\u4e2a\u5de8\u5927\u7684\u4f18\u52bf\u3002<\/p>\n

\u5728\u5206\u6790\u52a0\u5bc6\u8d27\u5e01\u5e02\u503c\u7684\u5b63\u5ea6\u53d8\u5316\u65f6\uff0c\u5927\u5e45\u4e0b\u8dcc\u4e4b\u540e\u901a\u5e38\u4f1a\u51fa\u73b0\u5f3a\u52b2\u53cd\u5f39\uff0c\u5982\u7bad\u5934\u6240\u793a\u3002<\/p>\n

\"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02\"<\/p>\n

2025\u5e74Q1\u662f\u52a0\u5bc6\u8d27\u5e01\u81ea2022\u5e74\u590f\u5b63\u4ee5\u6765\u8868\u73b0\u6700\u5dee\u7684\u4e00\u4e2a\u5b63\u5ea6\uff0c\u5f53\u65f6\u5e02\u573a\u5168\u9762\u66b4\u8dcc\u3002\u867d\u7136\u8fc7\u53bb\u7684\u7ecf\u9a8c\u53ef\u80fd\u65e0\u6cd5\u9884\u6d4b\u672a\u6765\uff0c\u4f46\u5927\u5e45\u4e0b\u8dcc\u4e4b\u540e\u51e0\u4e4e\u603b\u662f\u4f1a\u51fa\u73b0\u5f3a\u52b2\u7684\u53cd\u5f39\u2014\u2014\u5c3d\u7ba1\u53cd\u5f39\u7684\u5e45\u5ea6\u53d6\u51b3\u4e8e\u5f53\u524d\u7684\u5e02\u573a\u72b6\u51b5\uff0c\u4ee5\u53ca\u81f3\u5173\u91cd\u8981\u7684\u662f\uff0c\u6574\u4f53\u8d8b\u52bf\u662f\u5426\u80fd\u591f\u4fdd\u6301\u5411\u4e0a\u3002<\/p>\n

\u522b\u4eba\u6050\u60e7\u65f6\u4f60\u8d2a\u5a6a\uff1f<\/h3>\n

2025\u5e744\u670815\u65e5\uff0c\u6211\u4e3b\u6301\u4e86\u4e00\u573a\u52a0\u5bc6\u5e02\u573a\u5c55\u671b\u7535\u8bdd\u4f1a\uff0c\u8ba8\u8bba\u6211\u5bf9\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u770b\u6cd5\u3002\u6211\u8c08\u5230\u4e86\u4e00\u4e9b\u8ffd\u8e2a\u5e02\u573a\u60c5\u7eea\u7684\u6307\u6807\uff0c\u6211\u4eec\u8ba4\u4e3a\u8fd9\u4e9b\u6307\u6807\u5df2\u7ecf\u8fbe\u5230\u4e86\u5386\u53f2\u6700\u9ad8\u6c34\u5e73\uff0c\u8868\u660e\u90e8\u5206\u6700\u7cdf\u7cd5\u7684\u629b\u552e\u9636\u6bb5\u5df2\u7ecf\u8fc7\u53bb\u3002\u867d\u7136\u5e02\u573a\u786e\u5b9e\u4ece\u5e95\u90e8\u53cd\u5f39\uff0c\u4f46\u6211\u60f3\u5206\u4eab\u4e00\u4e0b\u6211\u5f53\u65f6\u662f\u5982\u4f55\u76d1\u6d4b\u5e02\u573a\u60c5\u7eea\u7684\u601d\u8003\u8fc7\u7a0b\uff1a<\/p>\n

\u201c\u7f8e\u56fd\u7ecf\u6d4e\u653f\u7b56\u4e0d\u786e\u5b9a\u6027\u6307\u6570\u5904\u4e8e 40 \u5e74\u6765\u7684\u6700\u9ad8\u6c34\u5e73\uff0c\u4e0e\u65b0\u51a0\u75ab\u60c5\u671f\u95f4\u7684\u6c34\u5e73\u76f8\u4f3c\uff0c\u5e76\u4e14\u9ad8\u4e8e\u81ea 1980 \u5e74\u4ee3\u5f00\u59cb\u8c03\u67e5\u4ee5\u6765\u7684\u4efb\u4f55\u65f6\u5019\uff0c\u5305\u62ec\u9ad8\u4e8e 9-11 \u4e8b\u4ef6\u548c 2008 \u5e74\u91d1\u878d\u5371\u673a\u671f\u95f4\u7684\u6c34\u5e73\u3002<\/p>\n

\"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02\"\u4e0d\u786e\u5b9a\u6027\u5bfc\u81f4\u98ce\u9669\u914d\u7f6e\u8005\u9000\u7f29\u3002\u5728\u8fd9\u4e2a\u5173\u952e\u65f6\u523b\uff0c\u4f60\u9700\u8981\u626a\u5fc3\u81ea\u95ee\uff0c\u73af\u5883\u662f\u5426\u4f1a\u53d8\u5f97\u66f4\u52a0\u4e0d\u786e\u5b9a\u3002\u4ece\u5386\u53f2\u80cc\u666f\u6765\u770b\uff0c\u8fd9\u79cd\u60c5\u51b5\u4f3c\u4e4e\u4e0d\u592a\u53ef\u80fd\u53d1\u751f\uff0c\u76f8\u53cd\uff0c\u6211\u4eec\u672c\u5e94\u56de\u5f52\u5747\u503c\u3002<\/p>\n

\u201c\u52a0\u5bc6\u6050\u60e7\u548c\u8d2a\u5a6a\u6307\u6570\u8003\u8651\u4e86\u6280\u672f\u52a8\u91cf\u548c\u793e\u4ea4\u5a92\u4f53\u60c5\u7eea\u7b49\u591a\u79cd\u56e0\u7d20\uff0c\u4ee5\u8ba1\u7b97\u51fa\u5e02\u573a\u53c2\u4e0e\u8005\u8d2a\u5a6a\u548c\u6050\u60e7\u7a0b\u5ea6\u7684\u603b\u4f53\u6307\u6570\u5f97\u5206\u3002<\/p>\n

\"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02\"<\/p>\n

\u201c\u5728\u629b\u552e\u671f\u95f4\uff0c\u6211\u4eec\u518d\u6b21\u9677\u5165\u4e86\u81ea\u718a\u5e02\u4f4e\u8c37\u548c 2022 \u5e74\u5e95 FTX \u5d29\u76d8\u4ee5\u6765\u4ece\u672a\u89c1\u8fc7\u7684\u6781\u7aef\u6050\u60e7\u6c34\u5e73\u3002\u6bcf\u5f53\u5e02\u573a\u8fbe\u5230\u8fd9\u79cd\u6781\u7aef\u6c34\u5e73\u65f6\uff0c\u8d1f\u9762\u60c5\u7eea\u901a\u5e38\u9884\u793a\u7740\u4ef7\u683c\u7684\u5c40\u90e8\u89e6\u5e95\u548c\u672a\u6765\u56de\u62a5\u7684\u826f\u597d\u70b9\u4f4d\u3002<\/p>\n

\u63a5\u4e0b\u6765\u662f\u6bd4\u7279\u5e01\u671f\u8d27\u878d\u8d44\u5229\u7387\uff0c\u5b83\u663e\u793a\u4e86\u671f\u8d27\u5e02\u573a\u4e2d\u591a\u5934\u548c\u7a7a\u5934\u7684\u53c2\u4e0e\u8005\u6bd4\u4f8b\u3002\u5e01\u5b89\u6bd4\u7279\u5e01\u671f\u8d27\u7684\u878d\u8d44\u5229\u7387\u8868\u660e\uff0c\u8fd9\u4e2a\u5e02\u573a\u4e0a\u505a\u7a7a\u7684\u4eba\u6570\u591a\u4e8e\u505a\u591a\u7684\u4eba\u6570\u3002\u8fd9\u79cd\u60c5\u51b5\u53ea\u53d1\u751f\u5728\u4ee5\u5f80\u5468\u671f\u7684\u5e02\u573a\u4f4e\u8ff7\u65f6\u671f\uff0c\u901a\u5e38\u53d1\u751f\u5728\u5927\u5e45\u53cd\u5f39\u4e4b\u524d\uff0c\u5c31\u50cf2023\u5e74\u672b\u548c2024\u5e74\u672b\u90a3\u6837\u3002<\/p>\n

\"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02\"<\/p>\n

\u6700\u540e\u4e00\u4e2a\u6307\u6807\u662f\u7f8e\u56fd\u4e2a\u4eba\u6295\u8d44\u8005\u534f\u4f1a\uff08AAII\uff09\u6295\u8d44\u8005\u60c5\u7eea\u8c03\u67e5\u2014\u2014\u4e00\u9879\u7531\u7f8e\u56fd\u4e2a\u4eba\u6295\u8d44\u8005\u534f\u4f1a\uff08AAII\uff09\u8fdb\u884c\u7684\u6bcf\u5468\u8c03\u67e5\u663e\u793a\uff0c\u8d85\u8fc760%\u7684\u6295\u8d44\u8005\u5bf9\u672a\u6765\u516d\u4e2a\u6708\u6301\u60b2\u89c2\u770b\u6cd5\u3002\u81ea20\u4e16\u7eaa80\u5e74\u4ee3\u8be5\u8c03\u67e5\u5f00\u59cb\u4ee5\u6765\uff0c\u8fd9\u79cd\u60c5\u51b5\u4ec5\u51fa\u73b0\u8fc7\u4e09\u6b21\uff0c\u5206\u522b\u662f\u57281990\u5e74\u30012008\u5e74\u548c2022\u5e74\u7684\u5e02\u573a\u5927\u5e45\u56de\u8c03\u65f6\u671f\u3002<\/p>\n

\"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02\"<\/p>\n

\u603b\u7ed3\u5f53\u524d\u7684\u5e02\u573a\u60c5\u7eea\uff0c\u8fd9\u4e9b\u56fe\u8868\u663e\u793a\uff0c\u65e0\u8bba\u5177\u4f53\u5173\u6ce8\u52a0\u5bc6\u8d27\u5e01\u60c5\u7eea\u3001\u52a0\u5bc6\u8d27\u5e01\u539f\u751f\u4ed3\u4f4d\u548c\u6760\u6746\uff0c\u8fd8\u662f\u66f4\u5e7f\u6cdb\u7684\u6563\u6237\u6295\u8d44\u8005\u60c5\u7eea\u548c\u653f\u7b56\u4e0d\u786e\u5b9a\u6027\uff0c\u90fd\u5df2\u8fbe\u5230\u5386\u53f2\u6781\u7aef\u6c34\u5e73\u3002\u9884\u8ba1\u6211\u4eec\u53ef\u80fd\u5df2\u7ecf\u5ea6\u8fc7\u4e86\u57fa\u4e8e\u8fd9\u79cd\u60c5\u7eea\u7684\u6fc0\u8fdb\u629b\u552e\u7684\u521d\u671f\u9636\u6bb5\u3002<\/p>\n

\u2013 Cosmo Jiang\uff0cPantera Capital\u666e\u901a\u5408\u4f19\u4eba\uff0c\u52a0\u5bc6\u5e02\u573a\u5c55\u671b\u7535\u8bdd\u4f1a<\/p>\n

\u5b8f\u89c2\u4e8b\u4ef6\u5bf9\u52a0\u5bc6\u8d27\u5e01\u7684\u5f71\u54cd<\/h3>\n

\u5229\u7387\u548c\u6d41\u52a8\u6027\u72b6\u51b5\u5bf9\u98ce\u9669\u8d44\u4ea7\u6709\u5229<\/strong><\/h4>\n

\u540c\u65f6\uff0c\u6709\u5229\u7684\u5229\u7387\u548c\u6d41\u52a8\u6027\u6761\u4ef6\u5bf9\u98ce\u9669\u8d44\u4ea7\u6709\u5229\u3002<\/p>\n

10\u5e74\u671f\u7f8e\u56fd\u56fd\u503a\u6536\u76ca\u7387\u57282023\u5e74\u89e6\u53ca\u9ad8\u70b9\u540e\u7a33\u6b65\u4e0b\u964d\uff0c\u6700\u8fd1\u51e0\u5929\u66f4\u662f\u8dcc\u52bf\u8fc5\u731b\u3002\u5229\u7387\u5728\u9ad8\u4f4d\u7ef4\u6301\u7684\u65f6\u95f4\u66f4\u957f\uff0c\u5728\u9ad8\u901a\u80c0\u7684\u80cc\u666f\u4e0b\u53ef\u80fd\u8fd8\u4f1a\u7ee7\u7eed\u7ef4\u6301\uff0c\u4f46\u66f4\u91cd\u8981\u7684\u662f\uff0c\u603b\u4f53\u8d8b\u52bf\u662f\u5411\u4e0b\u7684\u3002\u7279\u6717\u666e\u653f\u5e9c\u2014\u2014\u5c24\u5176\u662f\u8d22\u653f\u90e8\u957f\u8d1d\u68ee\u7279\u2014\u2014\u5df2\u7ecf\u8c08\u5230\u964d\u4f4e\u957f\u671f\u5229\u7387\u7684\u91cd\u8981\u6027\uff0c\u4ed6\u4eec\u7684\u653f\u7b56\u884c\u52a8\u65e8\u5728\u5b9e\u73b0\u8fd9\u4e00\u76ee\u6807\u3002\u8f83\u4f4e\u7684\u957f\u671f\u5229\u7387\u5bf9\u4e8e\u7f8e\u56fd\u7ef4\u6301\u652f\u51fa\u878d\u8d44\u81f3\u5173\u91cd\u8981\uff0c\u4e5f\u6709\u5229\u4e8e\u98ce\u9669\u8d44\u4ea7\u4f30\u503c\u3002<\/p>\n

\"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02\"<\/p>\n

\u5168\u7403\u6d41\u52a8\u6027\u72b6\u51b5\u4e5f\u5728\u6301\u7eed\u589e\u52a0\u3002\u5728\u7ecf\u5386\u4e86\u4e00\u6bb5\u65f6\u95f4\u7684\u7d27\u7f29\u4e4b\u540e\uff0c\u6b27\u6d32\u548c\u4e2d\u56fd\u76ee\u524d\u6b63\u5728\u5b9e\u65bd\u523a\u6fc0\u63aa\u65bd\u3002\u6211\u4eec\u53ef\u80fd\u5373\u5c06\u8f6c\u5411\u91cf\u5316\u5bbd\u677e\u3002\u8fc7\u53bb\u51e0\u5468\uff0c\u8d22\u653f\u90e8\u957f\u8d1d\u68ee\u7279\u548c\u7f8e\u8054\u50a8\u7406\u4e8b\u67ef\u6797\u65af\u90fd\u5c31\u6b64\u53d1\u8868\u4e86\u8bb2\u8bdd\uff0c\u4ee5\u5e94\u5bf9\u957f\u671f\u503a\u5238\u6536\u76ca\u7387\u98d9\u5347\u5bfc\u81f4\u7684\u503a\u5238\u5e02\u573a\u52a8\u8361\u3002\u4ed6\u4eec\u7684\u81ea\u7136\u53cd\u5e94\u5c06\u662f\u63d0\u4f9b\u6d41\u52a8\u6027\u652f\u6301\uff0c\u5c4a\u65f6\u5168\u7403\u6700\u5927\u7684\u51e0\u4e2a\u7ecf\u6d4e\u4f53\u5c06\u9f50\u5fc3\u534f\u529b\u3002\u6d41\u52a8\u6027\u7684\u589e\u52a0\u5bf9\u98ce\u9669\u8d44\u4ea7\u6709\u5229\u3002<\/p>\n

\"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02\"<\/p>\n

\u5982\u679c\u6211\u4eec\u5c06\u5168\u7403\u6d41\u52a8\u6027\u4e0e\u6bd4\u7279\u5e01\u4ef7\u683c\u8fdb\u884c\u6bd4\u8f83\uff0c\u53ef\u4ee5\u6e05\u695a\u5730\u770b\u51fa\uff0c\u6bd4\u7279\u5e01\u4ef7\u683c\u7684\u4e3b\u8981\u4e0a\u6da8\u8d8b\u52bf\u53d1\u751f\u5728\u6d41\u52a8\u6027\u589e\u52a0\u7684\u65f6\u671f\u3002\u800c\u5728\u901a\u5e38\u7531\u6d41\u52a8\u6027\u6536\u7d27\u5bfc\u81f4\u7684\u538b\u529b\u65f6\u671f\uff0c\u6bd4\u7279\u5e01\u4f1a\u4e0e\u6240\u6709\u5176\u4ed6\u8d44\u4ea7\u4e00\u8d77\u56de\u843d\u3002\u56e0\u6b64\uff0c\u6211\u4eec\u8ba4\u4e3a\u5168\u7403\u6d41\u52a8\u6027\u4e0a\u5347\u662f\u4e00\u4e2a\u503c\u5f97\u76d1\u6d4b\u7684\u91cd\u8981\u6307\u6807\u3002<\/p>\n

\"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02\"<\/p>\n

\u53e6\u4e00\u79cd\u89c6\u89d2\u770b\u52a0\u5bc6\u8d27\u5e01\u7684\u56db\u5e74\u5468\u671f<\/h3>\n

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\u52a0\u5bc6\u8d27\u5e01\u76f8\u5bf9\u5f3a\u52bf\u7684\u65e9\u671f\u8ff9\u8c61<\/h3>\n

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\"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02\"<\/p>\n

\u79ef\u6781\u7684\u884c\u4e1a\u53d1\u5c55\u88ab\u5ffd\u89c6<\/strong><\/h4>\n

\u6b64\u5916\uff0c\u6211\u4eec\u5e94\u7262\u8bb0\uff0c\u5728\u4ef7\u683c\u6ce2\u52a8\u4e2d\uff0c\u8bb8\u591a\u79ef\u6781\u7684\u884c\u4e1a\u53d1\u5c55\u88ab\u5ffd\u89c6\u4e86\u3002\u5c31\u653f\u7b56\u884c\u52a8\u800c\u8a00\uff0c\u8fd9\u5305\u62ec\u767d\u5bab\u4efb\u547d\u201c\u52a0\u5bc6\u8d27\u5e01\u6c99\u7687\u201d\u5e76\u6210\u7acb\u6570\u5b57\u8d44\u4ea7\u5de5\u4f5c\u7ec4\uff0c\u5efa\u7acb\u6218\u7565\u6bd4\u7279\u5e01\u50a8\u5907\uff0c\u64a4\u9500SAB-121\u548cDeFi\u7ecf\u7eaa\u5546\u89c4\u5219\u7b49\u4e25\u683c\u89c4\u5b9a\uff0c\u4ee5\u53ca\u7f8e\u56fdSEC\u9a73\u56de\u5341\u51e0\u8d77\u9488\u5bf9\u5927\u578b\u516c\u53f8\u7684\u8bc9\u8bbc\u3002\u53ef\u4ee5\u8bf4\uff0c\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\u7ecf\u5386\u4e86\u5386\u53f2\u4e0a\u6700\u79ef\u6781\u7684\u65b0\u95fb\u5934\u6761\uff0c\u5176\u4e2d\u8bb8\u591a\u662f\u7ed3\u6784\u6027\u53d8\u5316\uff0c\u7136\u800c\uff0c\u5b83\u5374\u7ecf\u5386\u4e86\u81ea2018\u5e74\u4ee5\u6765\u6700\u7cdf\u7cd5\u7684\u4e00\u4e2a\u5b63\u5ea6\u3002\u6211\u4eec\u8ba4\u4e3a\uff0c\u8fd9\u4e9b\u597d\u6d88\u606f\u80af\u5b9a\u6ca1\u6709\u88ab\u5e02\u573a\u6d88\u5316\uff0c\u53ea\u662f\u88ab\u5e02\u573a\u6ce2\u52a8\u6240\u5ffd\u7565\u4e86\u3002<\/p>\n

\u57fa\u672c\u9762\u6b63\u5728\u6539\u5584<\/strong><\/h4>\n

\u6700\u91cd\u8981\u7684\u662f\uff0c\u6570\u5b57\u8d44\u4ea7\u9700\u8981\u771f\u6b63\u7684\u91c7\u7528\u548c\u4f7f\u7528\u624d\u80fd\u7ef4\u6301\u3002\u533a\u5757\u94fe\u4f01\u4e1a\u76ee\u524d\u6b63\u5728\u521b\u9020\u6570\u5341\u4ebf\u7f8e\u5143\u7684\u6536\u5165\u3002\u5b9e\u9645\u7ecf\u6d4e\u4ef7\u503c\uff08Real Economic Value\uff09\u2014\u2014\u8861\u91cfL1\u533a\u5757\u94fe\u603b\u9700\u6c42\u548c\u4ef7\u503c\u83b7\u53d6\u7684\u6307\u6807\u2014\u2014\u4e0a\u4e2a\u5b63\u5ea6\u4e3a15\u4ebf\u7f8e\u5143\uff0c\u5e74\u531660\u4ebf\u7f8e\u5143\u3002\u540c\u671f\uff0c\u94fe\u4e0a\u5e94\u7528\u7684\u603b\u6536\u5165\u7ea6\u4e3a30\u4ebf\u7f8e\u5143\uff0c\u5e74\u5316100\u4ebf\u7f8e\u5143\u3002\u6bcf\u65e5\u6d3b\u8dc3\u5730\u5740\uff08\u7528\u6237\u6d3b\u8dc3\u5ea6\u7684\u8861\u91cf\u6307\u6807\uff09\u6301\u7eed\u521b\u4e0b\u65b0\u9ad8\u3002\u968f\u7740\u8d8a\u6765\u8d8a\u591a\u7684\u4eba\u9009\u62e9\u4f7f\u7528\u52a0\u5bc6\u8d27\u5e01\u8fdb\u884c\u652f\u4ed8\u548c\u50a8\u84c4\uff0c\u7a33\u5b9a\u5e01\u548c\u94fe\u4e0a\u7a33\u5b9a\u5e01\u8f6c\u8d26\u91cf\u4e5f\u521b\u4e0b\u5386\u53f2\u65b0\u9ad8\u3002\u5728\u65e9\u671f\u9636\u6bb5\uff0c\u7a33\u5b9a\u5e01\u3001\u4eba\u5de5\u667a\u80fd\u3001DePIN\u548cDeFi\u7b49\u5173\u952e\u6295\u8d44\u91cd\u70b9\u9886\u57df\u7684\u521b\u65b0\u6301\u7eed\u5f3a\u52b2\u3002\u6211\u4eec\u9884\u8ba1\uff0c\u968f\u7740\u8d8a\u6765\u8d8a\u591a\u7684\u4eba\u53d1\u73b0\u94fe\u4e0a\u63d0\u4f9b\u7684\u7cbe\u5f69\u5e94\u7528\u548c\u673a\u9047\uff0c\u8fd9\u4e9b\u57fa\u672c\u6307\u6807\u5c06\u5448\u73b0\u4e0a\u5347\u8d8b\u52bf\u3002<\/p>\n

\"Pantera\u5408\u4f19\u4eba\uff1a\u5173\u7a0e\u6218\u5bfc\u81f4\u7684\u629b\u552e\u5df2\u8fc7\uff0cBTC\u5c06\u91cd\u65b0\u8fdb\u5165\u725b\u5e02\"<\/p>\n

\u7ed3\u8bba<\/h3>\n

\u603b\u800c\u8a00\u4e4b\uff0c\u8fd9\u662f\u4e00\u4e2a\u5145\u6ee1\u6311\u6218\u7684\u5b63\u5ea6\uff0c\u5de8\u5927\u7684\u5b8f\u89c2\u529b\u91cf\u660e\u663e\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\uff0c\u5bfc\u81f4\u98ce\u9669\u504f\u597d\u5927\u5e45\u56de\u843d\u3002\u6700\u5927\u7684\u9690\u60a3\u4ecd\u7136\u662f\u56f4\u7ed5\u5173\u7a0e\u53ca\u5176\u5bf9\u5168\u7403\u7ecf\u6d4e\u5f71\u54cd\u7684\u4e0d\u786e\u5b9a\u6027\u3002\u5e02\u573a\u524d\u666f\u4ecd\u7136\u9ad8\u5ea6\u4e0d\u786e\u5b9a\uff0c\u8fd9\u53cd\u6620\u5728\u5904\u4e8e\u5386\u53f2\u4f4e\u4f4d\u7684\u60c5\u7eea\u6307\u6807\u4e0a\u3002\u7136\u800c\uff0c\u8fd9\u4e9b\u60c5\u7eea\u4fe1\u53f7\u4e5f\u8868\u660e\uff0c\u6211\u4eec\u53ef\u80fd\u5df2\u7ecf\u8fc7\u4e86\u6700\u6fc0\u8fdb\u7684\u629b\u552e\u70b9\u3002<\/p>\n

\u5728\u6211\u4eec\u5ea6\u8fc7\u8fd9\u573a\u7531\u5173\u7a0e\u9a71\u52a8\u7684\u6ce2\u52a8\u4e4b\u540e\uff0c\u6211\u76f8\u4fe1\u6295\u8d44\u8005\u5c06\u5f00\u59cb\u6b23\u8d4f\u6240\u6709\u957f\u671f\u7684\u5229\u597d\u56e0\u7d20\u548c\u5f3a\u52b2\u7684\u57fa\u672c\u9762\uff0c\u6211\u4ecd\u7136\u9884\u8ba1\u6570\u5b57\u8d44\u4ea7\u4eca\u5e74\u5c06\u8868\u73b0\u5f3a\u52b2\u3002\u4f5c\u4e3a\u589e\u957f\u578b\u8d44\u4ea7\u7684\u5148\u950b\uff0c\u52a0\u5bc6\u8d27\u5e01\u662f\u7b2c\u4e00\u4e2a\u56de\u8c03\u7684\u8d44\u4ea7\uff0c\u4f46\u4e5f\u53ef\u80fd\u662f\u6700\u5148\u53cd\u5f39\u3001\u53cd\u5f39\u6700\u5feb\u7684\u8d44\u4ea7\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u6765\u6e90\uff1aPantera Capital 2025\u5e744\u6708Blockchain Letter \u4f5c\u8005\uff1aCosmo Ji […]<\/p>\n","protected":false},"author":2,"featured_media":1398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/1397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1397"}],"version-history":[{"count":1,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/1397\/revisions"}],"predecessor-version":[{"id":4618,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/1397\/revisions\/4618"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/media\/1398"}],"wp:attachment":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1397"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}