2026年3月18日 (周三)
监管头条占据主导地位:证监会发布指导意见,认为大多数隐蔽资产不是证券,而交易商则视美联储为风险资产的近期催化剂. 比特币持有一个关键关卡,使得情绪脆弱但具有建设性.
监管头条占据主导地位:证监会发布指导意见,认为大多数隐蔽资产不是证券,而交易商则视美联储为风险资产的近期催化剂. 比特币持有一个关键关卡,使得情绪脆弱但具有建设性.
证监会指南:“大多数加密资产”不是证券(包括证券和空投)
美国证监会领导人表示,大多数加密资产不是证券,并在指导框架中提到了包括采掘、空投和比特币开采等领域。
这一立场如果持久,可以减少交易所和建筑商的法律不确定性,转移执法重点,并加速因监管风险而暂停的产品发射。
- 01 Market reaction may be quick, but product impact depends on whether guidance is consistently applied and survives legal challenge; treat it as direction, not final law.
- 02 Projects considering token distribution (airdrops) should still prioritize compliance documentation and jurisdictional filtering.
- 03 Staking products may see renewed interest; risk shifts toward disclosure, custody, and operational resilience rather than pure securities classification.
- 04 Expect divergence between US agencies and state-level positions; multi-regulator risk management remains necessary.
If you operate a crypto product in the US, update your compliance memo: map which assets/features you believe fall under the new guidance, document the rationale, and define a "reversal plan" in case enforcement posture changes.
SEC Declares 'Most Crypto Assets' Not Securities, Including Staking, Airdrops and Bitcoin Mining
SEC Chair discusses new guidance affecting most crypto assets.
U.S. SEC issues first-ever definitions for what crypto assets are securities
CoinDesk coverage of how the SEC plans to classify crypto securities.
比特币持有$70K 而ETF买家接近断面
比特币的价格在心理上很重要,
接近断面的ETF组群既可以是供应(卖到实力),也可以是情绪底线(减少恐慌),影响短期市场结构.
- 01 Macro catalysts still matter: a hawkish Fed outcome can overwhelm crypto-specific positives in the short run.
- 02 When large investor cohorts are near breakeven, volatility can rise as positions rebalance; use risk controls rather than directional conviction.
- 03 Watch funding rates and spot-premium metrics for confirmation; price alone can be misleading around event risk.
- 04 Liquidity conditions (especially during US hours) often dominate intraday moves—plan execution accordingly.
If trading, set event-specific rules for the Fed window (reduced leverage, wider stops, smaller size). If building, avoid launching major token events during macro risk days when attention and liquidity are distorted.
Bitcoin holds $70K, bringing spot ETF buyers close to breakeven: Is the bull market back?
Discussion of BTC level holding and ETF buyer positioning.
Bitcoin's rally faces key hurdle with Wednesday's Fed meeting
Macro event risk analysis for BTC around the Fed meeting.
链上数据基础设施增长:Allium将大型数据集移动到Walrus
Allium宣布将数十兆字节的区块链数据跨多条链带给Walrus,目的是支持更多的代理和自动化工作流程.
更好的数据可获取性降低了分析、监测和自动执行的障碍;还可将竞争优势转移到能最快地运用洞察力的团队。
- 01 Data availability is becoming a differentiator for on-chain finance, especially for risk monitoring and automated strategies.
- 02 Large-scale data replication raises questions about integrity, provenance, and access control; verify how datasets are updated and audited.
- 03 Agentic workflows need reliable inputs; investing in data contracts and versioning reduces downstream model and strategy errors.
- 04 Multi-chain coverage increases complexity; avoid assuming consistent semantics across chains and token standards.
If you run analytics or automated execution, introduce data versioning and backtests that pin to specific dataset snapshots. Build alerts for schema changes and chain reorg edge cases.
IBM 打开更多量子硬件访问, 因为讨论长期加密风险
量子访问新闻将量子后迁移保留在议事日程上;实际的外卖是清点密码学依赖性,并计划随着时间的推移进行升级.
意见:比特币国库公司应该多样化,而不是纯粹的BTC说明
一篇评论认为,公司BTC的国库可能需要业务小块和更明确的商业基本面,以维持缩编。
政策观察:各机构如何分割证券与商品框架
更详细地介绍证监会的非正式分类方法及其如何与监督商品的其他监管机构互动。