{"id":4219,"date":"2026-09-08T17:57:36","date_gmt":"2026-09-08T09:57:36","guid":{"rendered":"https:\/\/www.sjzylove.com\/?p=4219"},"modified":"2026-09-08T17:57:36","modified_gmt":"2026-09-08T09:57:36","slug":"%e4%b8%93%e8%ae%bfpantera%ef%bc%9a%e8%8a%b112-5%e4%ba%bf%e7%be%8e%e5%85%83%e5%81%9a%e3%80%8csolana%e5%b8%81%e8%82%a1%e3%80%8d%e7%9a%84%e8%83%8c%e5%90%8e%e9%80%bb%e8%be%91","status":"publish","type":"post","link":"https:\/\/www.zsmjt.com\/?p=4219","title":{"rendered":"\u4e13\u8bbfPantera\uff1a\u82b112.5\u4ebf\u7f8e\u5143\u505a\u300cSolana\u5e01\u80a1\u300d\u7684\u80cc\u540e\u903b\u8f91"},"content":{"rendered":"<div>\n<p class=\"ql-align-justify\"><span>\u81ea 2024 \u5e74\u8d77\uff0c\u6570\u5b57\u8d44\u4ea7\u91d1\u5e93\u516c\u53f8\uff08Digital Asset Treasuries, DATs\uff09\u5728\u52a0\u5bc6\u5e02\u573a\u9010\u6b65\u8d70\u7ea2\uff0c\u8d8a\u6765\u8d8a\u591a\u516c\u53f8\u52a0\u5165\u300c\u52a0\u5bc6\u91d1\u5e93\u300d\u6e38\u620f\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>8 \u6708 26 \u65e5\uff0c\u5e02\u573a\u518d\u8d77\u6ce2\u6f9c\u3002\u636e The Information \u62a5\u9053\uff0c\u52a0\u5bc6\u8d27\u5e01\u57fa\u91d1 Pantera \u6b63\u8ba1\u5212\u7b79\u96c6\u9ad8\u8fbe 12.5 \u4ebf \u7f8e\u5143\uff0c\u5c06\u4e00\u5bb6\u4e0a\u5e02\u516c\u53f8\u8f6c\u53d8\u4e3a\u4e00\u5bb6 Solana \u6295\u8d44\u516c\u53f8\u3002\u4e0e\u6b64\u540c\u65f6\uff0cGalaxy Digital\u3001Multicoin Capital \u548c Jump Crypto \u4e5f\u5728\u6d3d\u8c08\u4e00\u9879\u89c4\u6a21\u8fbe 10 \u4ebf\u7f8e\u5143\u7684 SOL \u6536\u8d2d\u6848\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cPantera \u4e0d\u4ec5\u5728\u8d44\u672c\u5c42\u9762\u6df1\u5ea6\u53c2\u4e0e\uff0c\u8fd8\u5c06\u5176\u5408\u4f19\u4eba Marco Santori \u63a8\u5165\u8463\u4e8b\u4f1a\uff0c\u76f4\u63a5\u53c2\u4e0e\u516c\u53f8\u6cbb\u7406\u3002\u8fd9\u4e00\u4e3e\u52a8\u6807\u5fd7\u7740\u52a0\u5bc6\u57fa\u91d1\u6b63\u4ece\u5e55\u540e\u8d70\u5411\u53f0\u524d\uff0c\u5f00\u59cb\u4eb2\u81ea\u5851\u9020 DAT \u516c\u53f8\u672a\u6765\u7684\u6218\u7565\u65b9\u5411\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u8fd9\u573a\u56f4\u7ed5 Solana \u7684\u300c\u8d22\u5e93\u7ade\u8d5b\u300d\uff0c\u6216\u5c06\u6210\u4e3a\u8fc4\u4eca\u4e3a\u6b62\u89c4\u6a21\u6700\u5927\u7684\u4e13\u6ce8\u4e8e\u8be5\u6570\u5b57\u4ee3\u5e01\u7684\u96c6\u4e2d\u914d\u7f6e\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u5728 Pantera \u5408\u4f19\u4eba Cosmo Jiang \u770b\u6765\uff0c\u300c\u52a0\u5bc6\u8d22\u5e93\u516c\u53f8\u300d\u7684\u5174\u8d77\uff0c\u5e76\u4e0d\u662f\u4e00\u573a\u7092\u4f5c\uff0c\u800c\u662f\u4e00\u79cd\u65b0\u7684\u91d1\u878d\u7ec4\u7ec7\u7ed3\u6784\u7684\u8bde\u751f\u3002\u5728\u52a0\u5165 Pantera \u524d\uff0c\u4ed6\u4e00\u76f4\u5728\u534e\u5c14\u8857\u505a\u4f20\u7edf\u6295\u8d44\uff0c\u4ece Evercore \u7684\u5e76\u8d2d\u4ea4\u6613\uff0c\u5230 Apollo \u7684\u79c1\u52df\uff0c\u518d\u5230 Hitchwood \u7684\u957f\u77ed\u4ed3\u5bf9\u51b2\u57fa\u91d1\uff0c\u4ed6\u957f\u671f\u8d1f\u8d23\u96f6\u552e\u4e0e\u4e92\u8054\u7f51\u884c\u4e1a\u7684\u57fa\u672c\u9762\u7814\u7a76\uff0c\u8986\u76d6\u8fc7 Walmart\u3001Costco\u3001Facebook\u3001Google\u3001Spotify \u7b49\u516c\u53f8\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u300c\u4f60\u5fc5\u987b\u627f\u8ba4\uff0c\u90a3\u4e9b\u6211\u4eec\u770b\u8d77\u6765\u6700\u75af\u72c2\u7684\u516c\u53f8\uff0c\u4e5f\u5728\u521b\u9020\u771f\u6b63\u7684\u5546\u4e1a\u4ef7\u503c\u3002\u800c\u8fd9\uff0c\u662f\u503c\u5f97\u88ab\u8ba4\u771f\u7814\u7a76\u7684\u3002\u300d<\/span><\/p>\n<p class=\"ql-align-justify\"><span>&nbsp;<\/span><\/p>\n<p class=\"ql-align-justify\"><img decoding=\"async\" alt=\"Digital Asset Treasuries\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/26\/1756190840037954.jpg\"><\/p>\n<p class=\"ql-align-center\"><em>Pantera \u5408\u4f19\u4eba Cosmo Jiang\uff0c\u5982\u4eca\u4ed6\u5df2\u7136\u6210\u4e3a\u52a0\u5bc6\u8d22\u5e93\u6295\u8d44\u9886\u57df\u7684\u201c\u5927\u7ea2\u4eba\u201d<\/em><\/p>\n<p class=\"ql-align-justify\"><span>\u5728\u8fd9\u573a\u6301\u7eed\u4e24\u4e2a\u5c0f\u65f6\u7684\u8bbf\u8c08\u4e2d\uff0cCosmo \u7cfb\u7edf\u68b3\u7406\u4e86 DAT \u6a21\u5f0f\u7684\u5e95\u5c42\u903b\u8f91\u3001\u6295\u8d44\u7b5b\u9009\u6807\u51c6\u3001\u9000\u51fa\u8def\u5f84\u548c\u884c\u4e1a\u683c\u5c40\u6f14\u53d8\u3002\u4ed6\u8ba4\u4e3a\u73b0\u5728\u4ecd\u662f DAT \u7684\u300c\u7a97\u53e3\u671f\u300d\uff0c\u4f46\u7559\u7ed9\u65b0\u73a9\u5bb6\u7684\u65f6\u95f4\uff0c\u5df2\u7ecf\u4e0d\u591a\u4e86\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u300c\u4f60\u773c\u7741\u7741\u770b\u5230\u4e00\u4e2a\u65b0\u884c\u4e1a\u7684\u8bde\u751f\u3002\u800c\u4e00\u4e2a\u884c\u4e1a\uff0c\u4e0d\u4f1a\u88ab\u300e\u8bde\u751f\u4e24\u6b21\u300f\u300d<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u8fd9\u7bc7\u8bbf\u8c08\u7531\u5f8b\u52a8 BlockBeats \u4e8e 6 \u6708\u4e2d\u65ec\u8fdb\u884c\uff0c\u4ee5\u4e0b\u662f\u5bf9\u8bdd\uff1a<\/span><\/p>\n<h1><\/h1>\n<h1><strong>TL;DR<\/strong><\/h1>\n<p class=\"ql-align-justify\"><span>\u00b7\u4e3a\u4ec0\u4e48\u4e00\u4e2a\u4eba\u4f1a\u9009\u62e9\u6301\u6709\u4e00\u5bb6\u300c\u6570\u5b57\u8d44\u4ea7\u91d1\u5e93\u516c\u53f8\u300d\uff0c\u800c\u4e0d\u662f\u76f4\u63a5\u4e70\u73b0\u8d27\uff1f\u90a3\u552f\u4e00\u7684\u7406\u7531\u5c31\u5728\u4e8e\uff1a\u4f60\u76f8\u4fe1\u8fd9\u300c\u534a\u4e2a\u6bd4\u7279\u5e01\u300d\u7684\u4ef7\u503c\uff0c\u672a\u6765\u4f1a\u6bd4\u4e00\u4e2a\u6bd4\u7279\u5e01\u8fd8\u503c\u94b1\u3002\u53ea\u8981\u5e02\u573a\u6709\u65f6\u5019\u4f1a\u9ad8\u4f30\u67d0\u4e9b\u8d44\u4ea7\uff0c\u53c8\u5b58\u5728\u8db3\u591f\u7684\u6ce2\u52a8\u6027\uff0c\u90a3\u4e48\u4f60\u5c31\u53ef\u4ee5\u542f\u52a8 ATM\uff08\u6309\u5e02\u4ef7\u53d1\u884c\uff09\u673a\u5236\uff0c\u4e5f\u53ef\u4ee5\u8fd0\u4f5c\u53ef\u8f6c\u503a\uff08Convertible Debt\uff09\u8fd9\u4e2a\u5f15\u64ce\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u00b7 DAT \u8d5b\u9053\u672c\u8d28\u4e0a\u662f\u300c\u51c6\u5546\u54c1\u7c7b\u4e1a\u52a1\u300d\uff0c\u6700\u7ec8\u5c06\u5f62\u6210\u5be1\u5934\u683c\u5c40\u3002\u56e0\u4e3a\u8fd9\u7c7b\u884c\u4e1a\u6bd4\u62fc\u7684\u662f\u6210\u672c\u6548\u7387\u2014\u2014\u8c01\u80fd\u4ee5\u66f4\u4f4e\u6210\u672c\u751f\u4ea7\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u00b7 \u6bd4\u8d77\u6bd4\u7279\u5e01\uff0c\u4ee5\u592a\u574a\u548c Solana \u8fd9\u7c7b\u8d44\u4ea7\uff0c\u5176\u5b9e\u66f4\u9002\u5408\u8dd1 DAT \u6a21\u5f0f\u3002\u539f\u56e0\u5f88\u7b80\u5355\uff0c\u56e0\u4e3a BTC \u672c\u8eab\u4e0d\u4ea7\u51fa\u6536\u76ca\uff0cDAT \u516c\u53f8\u8981\u9760\u7ed3\u6784\u53bb\u653e\u5927\u655e\u53e3\uff1b\u4f46\u50cf ETH \u548c SOL \u8fd9\u6837\u7684\u667a\u80fd\u5408\u7ea6\u8d44\u4ea7\uff0c\u672c\u8eab\u5c31\u80fd\u53c2\u4e0e\u8d28\u62bc\u3001\u52a0\u5165 DeFi\uff0c\u5177\u5907\u539f\u751f\u7684\u300c\u76c8\u5229\u80fd\u529b\u300d\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u00b7 \u8fd9\u4e2a\u9886\u57df\u672a\u6765\u4e09\u5230\u4e94\u5e74\u5185\u4e00\u5b9a\u4f1a\u7ecf\u5386\u6574\u5408\u3002\u5c24\u5176\u662f\u5728\u6bd4\u7279\u5e01\u3001\u4ee5\u592a\u574a\u548c Solana \u7b49\u5927\u578b\u8d44\u4ea7\u4e4b\u95f4\uff0c\u6700\u7ec8\u771f\u6b63\u8dd1\u51fa\u6765\u7684 DAT \u516c\u53f8\uff0c\u6bcf\u6761\u94fe\u53ef\u80fd\u4e5f\u5c31\u4e24\u4e09\u5bb6\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u00b7 \u5f53\u524d\u4ecd\u5904\u4e8e\u7a97\u53e3\u671f\uff0c\u4f46\u65b0\u5165\u573a\u96be\u5ea6\u5c06\u9010\u6b65\u52a0\u5927\u3002\u63a5\u4e0b\u6765\u8fd8\u6709\u4e09\u5230\u516d\u4e2a\u6708\u7684\u300c\u4e0a\u65b0\u671f\u300d\uff0c\u4f46\u5982\u679c\u628a\u65f6\u95f4\u62c9\u957f\u5230\u4e00\u4e24\u5e74\u3001\u4e24\u4e09\u5e74\u6765\u770b\uff0c\u65b0\u5165\u573a\u7684\u516c\u53f8\u4f1a\u8d8a\u6765\u8d8a\u5c11\u3002<\/span><\/p>\n<h1><\/h1>\n<h1><strong>\u4ece\u534e\u5c14\u8857\u5230\u52a0\u5bc6\u8d27\u5e01\uff0c\u57fa\u672c\u9762\u4fe1\u4ef0\u8005\u4e3a\u4ec0\u4e48\u770b\u4e0a\u8d22\u5e93\u516c\u53f8\uff1f<\/strong><\/h1>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u4f60\u4e00\u5f00\u59cb\u5e76\u4e0d\u662f\u52a0\u5bc6\u539f\u751f\u80cc\u666f\uff0c\u80fd\u5148\u8bb2\u8bb2\u4f60\u662f\u600e\u4e48\u8d70\u8fdb\u8fd9\u4e2a\u884c\u4e1a\u7684\u5417\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u804c\u4e1a\u751f\u6daf\u5f00\u59cb\u4e8e\u4f20\u7edf\u91d1\u878d\u3002\u6211\u4ece\u54c8\u4f5b\u6570\u5b66\u7cfb\u6bd5\u4e1a\uff0c\u7136\u540e\u8d70\u4e0a\u4e86\u5f88\u5178\u578b\u7684\u7ebd\u7ea6\u91d1\u878d\u8def\u5f84\u3002\u5148\u53bb Evercore \u7684\u5e76\u8d2d\u56e2\u961f\u5de5\u4f5c\uff0c\u4e4b\u540e\u5728 Apollo \u505a\u4e86\u51e0\u5e74\u79c1\u52df\u80a1\u6743\uff0c\u63a5\u7740\u52a0\u5165\u4e86 Hitchwood Capital\uff0c\u4e00\u4e2a\u7ba1\u7406\u6570\u5341\u4ebf\u7f8e\u5143\u7684\u957f\u77ed\u4ed3\u5bf9\u51b2\u57fa\u91d1\u3002\u5f53\u65f6\u6211\u7814\u7a76\u8fc7\u7684\u516c\u53f8\u5305\u62ec Walmart\u3001Costco\uff0cFacebook\u3001Google \u7b49\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u52a0\u5bc6\u8d27\u5e01\u5e76\u4e0d\u662f\u6211\u4e00\u5f00\u59cb\u5173\u6ce8\u7684\u91cd\u70b9\u3002\u76f4\u5230 2020 \u5e74\u5230 2021 \u5e74\uff0c\u6211\u6ce8\u610f\u5230\u8fd9\u4e9b\u516c\u53f8\u90fd\u5f00\u59cb\u8c08\u8bba crypto\uff0c\u4ece Facebook \u5230 Spotify\u3001Universal Music\u3001Nike\u3001LVMH\uff0c\u5168\u90fd\u5f00\u59cb\u6d89\u8db3\u3002\u4f5c\u4e3a\u5206\u6790\u5e08\uff0c\u5982\u679c\u60f3\u505a\u8fd9\u4e9b\u516c\u53f8\u7684\u9996\u5e2d\u5206\u6790\u5e08\uff0c\u5c31\u5fc5\u987b\u5feb\u901f\u5b66\u4f1a\u52a0\u5bc6\u9886\u57df\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4e00\u5f00\u59cb\u6211\u53ea\u662f\u4e3a\u4e86\u8ddf\u4e0a\u7814\u7a76\u9700\u8981\uff0c\u7ed3\u679c\u5374\u53d1\u73b0\uff0c\u8fd9\u4e2a\u9886\u57df\u6b63\u5728\u6784\u5efa\u771f\u6b63\u7684\u5546\u4e1a\u6a21\u5f0f\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6211\u610f\u8bc6\u5230\uff0c\u672a\u6765\u4f1a\u6709\u4e00\u6279\u4f01\u4e1a\uff0c\u5b83\u4eec\u6c38\u8fdc\u4e0d\u4f1a\u4e0a\u5e02\uff0c\u5b83\u4eec\u7684\u6fc0\u52b1\u5b8c\u5168\u4f9d\u8d56\u4e8e\u4ee3\u5e01\uff08token\uff09\uff1a\u56e2\u961f\u3001\u5458\u5de5\u3001\u6301\u6709\u4eba\u548c\u7528\u6237\u7684\u6fc0\u52b1\u5168\u90e8\u6574\u5408\u5728\u4e00\u8d77\u3002\u8fd9\u79cd\u521b\u65b0\u8ba9\u6211\u975e\u5e38\u5174\u594b\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6211\u539f\u672c\u6253\u7b97\u81ea\u5df1\u505a\u4e00\u53ea\u57fa\u91d1\uff0c\u5ef6\u7eed\u4f20\u7edf\u80a1\u7968\u98ce\u683c\u3002\u4f46\u5728\u7ebd\u7ea6\uff0c\u90a3\u6837\u7684\u57fa\u91d1\u5f88\u591a\uff0c\u800c\u771f\u6b63\u61c2\u91d1\u878d\u5efa\u6a21\u3001\u53c8\u80fd\u7406\u89e3 crypto \u7684\u4eba\u5374\u5be5\u5be5\u65e0\u51e0\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4e8e\u662f\u6211\u521b\u7acb\u4e86 Nova River\uff0c\u4e0d\u4e45\u540e\u5305\u62ec Pantera \u5728\u5185\u7684\u51e0\u5bb6\u5927\u57fa\u91d1\u4e5f\u627e\u5230\u4e86\u6211\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6211\u6700\u7ec8\u52a0\u5165 Pantera\uff0c\u662f\u56e0\u4e3a\u4ed6\u4eec\u5728\u98ce\u6295\u7aef\u7684\u79ef\u7d2f\u5f88\u624e\u5b9e\uff0c\u5e73\u53f0\u80fd\u529b\u4e5f\u5f3a\u3002\u6211\u628a\u81ea\u5df1\u7684\u8d44\u672c\u5e76\u5165\u5176\u4e2d\uff0c\u5f00\u59cb\u8d1f\u8d23 Liquid Markets \u7684\u76f8\u5173\u6295\u8d44\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u73b0\u5728\uff0c\u6211\u662f Pantera \u7684\u666e\u901a\u5408\u4f19\u4eba\uff0c\u8d1f\u8d23\u7edf\u7b79\u6574\u4e2a\u516c\u53f8\u7684\u6295\u8d44\u7b56\u7565\uff0c\u540c\u65f6\u7ee7\u7eed\u4e3b\u5bfc\u6211\u4eec\u5728\u516c\u5f00\u5e02\u573a\uff0c\u5c24\u5176\u662f\u4ecb\u4e8e\u4e8c\u7ea7\u5e02\u573a\u548c\u79c1\u52df\u4e4b\u95f4\u7684\u6df7\u5408\u578b\u673a\u4f1a\u2014\u2014\u6bd4\u5982\u4eca\u5929\u6211\u4eec\u8c08\u5230\u7684\u8fd9\u4e9b\u6570\u5b57\u8d44\u4ea7\u91d1\u5e93\u516c\u53f8\uff08Digital Asset Treasuries, DATs\uff09\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u90a3\u4f60\u4eec\u4e3a\u4ec0\u4e48\u8981\u4e13\u95e8\u8bbe\u7acb\u4e00\u4e2a\u65b0\u7684\u57fa\u91d1\uff0c\u800c\u4e0d\u662f\u7528\u539f\u6709\u7684\u6d41\u52a8\u6027\u57fa\u91d1\uff08Liquid Fund\uff09\u8986\u76d6\u8fd9\u7c7b\u6295\u8d44\u673a\u4f1a\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u4eec\u6700\u65e9\u5f00\u59cb\u5e03\u5c40\u8fd9\u4e2a\u7b56\u7565\u7684\u65f6\u5019\uff0c\u5176\u5b9e\u5b8c\u5168\u662f\u4e00\u4e2a\u975e\u5171\u8bc6\u7684\u62bc\u6ce8\uff08non-consensus bet\uff09\u3002\u6211\u4eec\u5f53\u65f6\u63a5\u5230\u4e0d\u5c11\u7c7b\u4f3c\u9879\u76ee\u7684 pitch\uff0c\u4f46\u4e00\u76f4\u6ca1\u5b8c\u5168\u7406\u89e3\u5230\u5b83\u7684\u610f\u4e49\uff0c\u76f4\u5230\u9047\u5230 Defi Dev Corp\uff08DFDV\uff09\u2014\u2014\u4e00\u4e2a\u8bd5\u56fe\u5728\u7f8e\u56fd\u590d\u523b Solana \u7248 MicroStrategy \u7684\u56e2\u961f\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4ed6\u4eec\u7684\u8bbe\u5b9a\u975e\u5e38\u6e05\u6670\uff1a\u56e2\u961f\u5728\u7f8e\u56fd\uff0c\u80fd\u591f\u76f4\u63a5\u63a5\u5165\u7f8e\u56fd\u8d44\u672c\u5e02\u573a\uff1b\u8d22\u5e93\u4e3b\u4ed3\u662f Solana\uff0c\u800c\u6211\u4eec\u672c\u8eab\u4e5f\u5bf9 Solana \u7684\u524d\u666f\u6781\u4e3a\u770b\u597d\u3002\u8fd9\u79cd\u7ec4\u5408\uff0c\u5728\u5f53\u65f6\u770b\u6765\u975e\u5e38\u6709\u5438\u5f15\u529b\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\u6211\u4eec\u9009\u62e9\u4e86\u6295 DFDV\u3002\u90a3\u662f\u4e00\u4e2a\u975e\u5e38\u8d85\u524d\u7684\u9879\u76ee\uff0c\u51e0\u4e4e\u6ca1\u6709\u5176\u4ed6\u673a\u6784\u5165\u573a\uff0c\u6211\u4eec\u662f\u6700\u65e9\u3001\u4e5f\u662f\u4e3a\u6570\u4e0d\u591a\u613f\u610f\u4e0b\u91cd\u6ce8\u7684\u6295\u8d44\u65b9\u3002\u867d\u7136\u5f53\u65f6\u770b\u8d77\u6765\u975e\u5e38\u51b7\u95e8\uff0c\u4f46\u6211\u4eec\u613f\u610f\u625b\u4e0b\u4e0d\u786e\u5b9a\u6027\uff0c\u505a\u7b2c\u4e00\u4e2a\u5403\u8783\u87f9\u7684\u4eba\u3002\u548c\u6211\u4eec\u4e00\u8d77\u6295\u7684\u8fd8\u6709\u51e0\u4e2a\u8d44\u672c\u65b9\uff0c\u4f46\u6211\u4eec\u662f\u9886\u6295\u3001\u4e3b\u6295\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6211\u4eec\u5f53\u65f6\u751a\u81f3\u89c9\u5f97\uff0c\u8fd9\u5e94\u8be5\u5c31\u662f\u552f\u4e00\u4e00\u4e2a\u4e86\uff0c\u7f8e\u56fd\u7684\u6570\u5b57\u8d44\u4ea7\u91d1\u5e93\u516c\u53f8\u53ef\u80fd\u5c31\u8fd9\u4e00\u4e2a\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u7ed3\u679c\u4f60\u4eec\u540e\u6765\u5f88\u5feb\u5c31\u9047\u5230\u7b2c\u4e8c\u4e2a\u4e86\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u5bf9\uff0c\u8fdc\u8fdc\u4e0d\u6b62\u3002\u6211\u4eec\u540e\u6765\u6536\u5230\u4e86\u5927\u6982 90 \u4e2a pitch\uff0c\u5e76\u6295\u8d44\u4e86\u591a\u4e2a\u9879\u76ee\u3002\u6240\u4ee5\u56de\u5230\u4f60\u521a\u624d\u7684\u95ee\u9898\uff1a\u6211\u5f53\u65f6\u5b8c\u5168\u6ca1\u9884\u6599\u5230\u8fd9\u4e2a\u8d5b\u9053\u4f1a\u53d1\u5c55\u5f97\u8fd9\u4e48\u5feb\u3001\u8fd9\u4e48\u5927\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u8d77\u521d\uff0c\u6211\u4eec\u662f\u7528\u98ce\u6295\u57fa\u91d1\uff08Venture Fund\uff09\u548c\u6d41\u52a8\u6027\u4ee3\u5e01\u57fa\u91d1\uff08Liquid Token Fund\uff09\u6765\u6295\u8fd9\u4e9b\u9879\u76ee\uff0c\u8d77\u5230\u4e00\u5b9a\u7684\u951a\u5b9a\u4f5c\u7528\u3002\u4f46\u968f\u7740\u8d5b\u9053\u5f7b\u5e95\u7206\u53d1\uff0c\u539f\u6709\u57fa\u91d1\u7684\u96c6\u4e2d\u5ea6\u9650\u5236\u5f00\u59cb\u663e\u73b0\u2014\u2014\u6211\u4eec\u5df2\u7ecf\u6295\u4e86\u4e0d\u5c11\u8d44\u91d1\uff0c\u4f46\u8fd8\u6709\u5f88\u591a\u4f18\u79c0\u7684\u521b\u4e1a\u8005\u503c\u5f97\u652f\u6301\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4e8e\u662f\uff0c\u8bbe\u7acb\u4e00\u4e2a\u4e13\u5c5e\u57fa\u91d1\uff08dedicated vehicle\uff09\u5c31\u53d8\u5f97\u5fc5\u8981\u3002\u8fd9\u6837\u6211\u4eec\u53ef\u4ee5\u83b7\u5f97\u66f4\u591a\u300c\u5f39\u836f\u300d\uff08dry powder\uff09\uff0c\u4e0d\u518d\u53d7\u9650\u4e8e\u914d\u7f6e\u6bd4\u4f8b\u3002\u6211\u4eec\u7684\u539f\u6709\u57fa\u91d1\u4f1a\u7ee7\u7eed\u53c2\u4e0e\u90e8\u5206\u9879\u76ee\uff0c\u4f46\u989d\u5ea6\u57fa\u672c\u63a5\u8fd1\u4e0a\u9650\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\u6211\u4eec\u624d\u63a8\u51fa\u4e86\u8fd9\u4e2a\u4e13\u95e8\u57fa\u91d1\uff0c\u6765\u5e94\u5bf9\u6211\u4eec\u8ba4\u4e3a\u786e\u5b9e\u6b63\u5728\u5174\u8d77\u7684\u4e00\u4e2a\u5168\u65b0\u516c\u53f8\u7c7b\u522b\u3002\u4f5c\u4e3a\u6295\u8d44\u4eba\uff0c\u5728\u804c\u4e1a\u751f\u6daf\u4e2d\u80fd\u9047\u5230\u8fd9\u6837\u7684\u673a\u4f1a\u662f\u975e\u5e38\u96be\u5f97\u7684\uff0c\u6211\u4eec\u4e5f\u4e3a\u80fd\u53c2\u4e0e\u5176\u4e2d\u800c\u611f\u5230\u5e78\u8fd0\u3002<\/span><\/p>\n<h1><\/h1>\n<h1><strong>DAT \u7684\u300c\u4e13\u9879\u57fa\u91d1\u300d\uff0c\u628a\u4e0a\u5e02\u516c\u53f8\u5f53\u521d\u521b\u6295<\/strong><\/h1>\n<p class=\"ql-align-justify\"><span>\u80cc\u666f\u4ecb\u7ecd\uff1a2025 \u5e74 7 \u6708\uff0c\u8001\u724c\u52a0\u5bc6\u6295\u8d44\u673a\u6784 Pantera \u6210\u7acb\u4e86 DAT \u57fa\u91d1\uff08Digital Asset Treasuries Fund\uff09\uff0c\u4e13\u6ce8\u6295\u8d44\u90a3\u4e9b\u4ee5\u52a0\u5bc6\u8d44\u4ea7\u4f5c\u4e3a\u6218\u7565\u50a8\u5907\u7684\u4e0a\u5e02\u516c\u53f8\u3002\u8be5\u57fa\u91d1\u7684\u6838\u5fc3\u903b\u8f91\u662f\uff1a\u901a\u8fc7\u80a1\u7968\u6ea2\u4ef7\u878d\u8d44\uff0c\u589e\u6301\u52a0\u5bc6\u8d44\u4ea7\uff0c\u4ece\u800c\u63d0\u5347\u6bcf\u80a1\u6301\u5e01\u6570\u91cf\u3002Pantera \u5c06\u8fd9\u4e00\u6a21\u5f0f\u89c6\u4e3a\u300c\u516c\u5f00\u5e02\u573a\u83b7\u53d6\u52a0\u5bc6\u655e\u53e3\u300d\u7684\u65b0\u53d9\u4e8b\uff0c\u65e8\u5728\u8fde\u63a5\u4f20\u7edf\u91d1\u878d\u4e0e\u52a0\u5bc6\u8d44\u4ea7\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u81ea\u6210\u7acb\u4ee5\u6765\uff0cDAT \u57fa\u91d1\u5df2\u5feb\u901f\u90e8\u7f72\u8d44\u91d1\uff0c\u6295\u8d44\u4e86\u5305\u62ec Solana \u50a8\u5907\u516c\u53f8 DFDV\u3001\u4ee5\u592a\u574a\u50a8\u5907\u516c\u53f8 Bitmine \u5728\u5185\u7684\u591a\u4e2a\u9879\u76ee\uff0c\u5e76\u5728\u4ea4\u6613\u4e2d\u9891\u9891\u62c5\u4efb Anchor \u6295\u8d44\u4eba\u89d2\u8272\u3002\u968f\u7740\u5e02\u573a\u70ed\u5ea6\u98d9\u5347\uff0cPantera \u4e5f\u542f\u52a8\u4e86\u7b2c\u4e8c\u652f DAT \u57fa\u91d1\u7684\u52df\u8d44\uff0c\u8fdb\u4e00\u6b65\u52a0\u7801\u8fd9\u4e00\u65b0\u5174\u8d5b\u9053\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u5728\u4f60\u4eec\u7684 DAT \u57fa\u91d1\u5907\u5fd8\u5f55\u4e2d\uff0c\u4f60\u4eec\u628a\u8fd9\u4e2a\u79f0\u4e3a\u4e00\u4e2a\u300c\u53ca\u65f6\u7684\u6295\u8d44\u673a\u4f1a\u300d\u3002\u90a3\u6211\u60f3\u95ee\uff0c\u8fd9\u4f1a\u4e0d\u4f1a\u5f71\u54cd\u5230 DAT \u57fa\u91d1\u672c\u8eab\u7684\u5468\u671f\u8bbe\u7f6e\u4ee5\u53ca\u9000\u51fa\u8ba1\u5212\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u662f\u7684\uff0c\u6211\u89c9\u5f97\u8fd9\u7c7b\u6295\u8d44\u7b97\u662f\u4ecb\u4e8e\u300c\u98ce\u9669\u6295\u8d44\u300d\u548c\u300c\u6d41\u52a8\u6027\u8d44\u4ea7\u300d\u4e4b\u95f4\u7684\u4e00\u79cd\u5f62\u6001\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6211\u4eec\u7684\u6240\u6709\u57fa\u91d1\u5176\u5b9e\u90fd\u5e26\u6709\u957f\u671f\u6295\u8d44\u7684\u76ee\u6807\u2014\u2014\u6211\u4eec\u662f\u8fd9\u4e2a\u884c\u4e1a\u7684\u957f\u671f\u4fe1\u4ef0\u8005\uff0c\u6211\u4eec\u662f\u4ee5\u957f\u671f\u6295\u8d44\u8005\u7684\u89c6\u89d2\u53c2\u4e0e\u7684\uff0c\u800c\u4e0d\u662f\u77ed\u7ebf\u4ea4\u6613\u8005\u3002\u6bd4\u5982\u6211\u4eec\u65d7\u4e0b\u7684\u98ce\u9669\u6295\u8d44\u57fa\u91d1\u5c31\u662f\u4e00\u4e2a\u751f\u547d\u5468\u671f\u4e3a 10 \u5e74\u3001\u9501\u4ed3\u671f 8 \u5e74\u7684\u5c01\u95ed\u5f0f\u57fa\u91d1\uff0c\u771f\u6b63\u662f\u4e3a\u90a3\u4e9b\u65e9\u671f\u9879\u76ee\u7684\u6210\u957f\u5468\u671f\u800c\u8bbe\u8ba1\u7684\uff0c\u6301\u6709\u65f6\u95f4\u5f88\u957f\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u800c\u5728\u53e6\u4e00\u7aef\uff0c\u6211\u4eec\u4e5f\u6709\u4e00\u4e2a\u504f\u300c\u6d41\u52a8\u6027\u300d\u7684\u4ea7\u54c1\u2014\u2014\u5c31\u662f\u6211\u4eec\u7684\u300c\u6d41\u52a8\u4ee3\u5e01\u5bf9\u51b2\u57fa\u91d1\u300d\uff0c\u5b83\u662f\u5b63\u5ea6\u6d41\u52a8\u6027\uff0c\u6211\u4eec\u5f53\u7136\u4e5f\u5e0c\u671b\u6295\u8d44\u4eba\u662f\u4ee5\u591a\u5e74\u671f\u7684\u89c6\u89d2\u548c\u6211\u4eec\u540c\u884c\uff0c\u8fd9\u6837\u624d\u80fd\u771f\u6b63\u4eab\u53d7\u5230\u6211\u4eec\u7814\u7a76\u548c\u6295\u8d44\u6d41\u7a0b\u5e26\u6765\u7684\u6536\u76ca\u3002\u4f46\u6211\u4eec\u4e5f\u63d0\u4f9b\u4e86\u4e00\u5b9a\u7684\u6d41\u52a8\u6027\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u800c\u8fd9\u4e2a DAT\uff08Digital Asset Treasury\uff09\u57fa\u91d1\uff0c\u6b63\u597d\u4ecb\u4e8e\u8fd9\u4e24\u8005\u4e4b\u95f4\u3002\u56e0\u4e3a\u6211\u4eec\u662f\u5728\u5e2e\u52a9\u8fd9\u4e9b\u516c\u53f8\u4ece\u96f6\u5f00\u59cb\u542f\u52a8\uff0c\u6240\u4ee5\u6211\u4eec\u4f1a\u8bbe\u7f6e\u4e00\u5b9a\u7684\u9501\u4ed3\u671f\u548c\u6d41\u52a8\u6027\u9650\u5236\u3002\u4f46\u4e0e\u6b64\u540c\u65f6\uff0c\u6211\u4eec\u4e5f\u8ba4\u4e3a\u8fd9\u4e9b\u9879\u76ee\u80fd\u5426\u6210\u529f\uff0c\u5176\u5b9e\u53ef\u4ee5\u5728\u76f8\u5bf9\u8f83\u77ed\u7684\u65f6\u95f4\u5185\u770b\u51fa\u6765\u3002\u6240\u4ee5\u8fd9\u4e2a\u57fa\u91d1\u7684\u6301\u6709\u671f\u9650\u4f1a\u6bd4\u4f20\u7edf\u98ce\u9669\u6295\u8d44\u57fa\u91d1\u77ed\u4e00\u4e9b\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u800c\u4e14\uff0c\u7531\u4e8e\u6211\u4eec\u6295\u7684\u662f\u300c\u4e0a\u5e02\u516c\u53f8\u80a1\u7968\u300d\uff0c\u6240\u4ee5\u6211\u4eec\u4e5f\u5e0c\u671b\u6295\u8d44\u4eba\u80fd\u591f\u957f\u671f\u6301\u6709\u6211\u4eec\u8ba4\u4e3a\u662f\u300c\u957f\u671f\u8d62\u5bb6\u300d\u7684\u80a1\u7968\u3002\u56e0\u6b64\u5728\u9000\u51fa\u65b9\u5f0f\u4e0a\uff0c\u6211\u4eec\u4e5f\u4f1a\u91c7\u7528\u300c\u5b9e\u7269\u5206\u7ea2\u300d\u7684\u65b9\u5f0f\uff08in-kind distribution\uff09\uff0c\u4e5f\u5c31\u662f\u8bf4\u6211\u4eec\u4f1a\u76f4\u63a5\u628a\u8fd9\u4e9b\u80a1\u7968\u5206\u53d1\u7ed9\u6295\u8d44\u4eba\uff0c\u8ba9\u4ed6\u4eec\u81ea\u5df1\u9009\u62e9\u662f\u5426\u7ee7\u7eed\u6301\u6709\uff0c\u800c\u4e0d\u662f\u4e00\u5b9a\u8981\u5356\u6389\u3002\u901a\u8fc7\u8fd9\u79cd\u65b9\u5f0f\uff0c\u6211\u4eec\u65e2\u80fd\u591f\u6267\u884c\u957f\u671f\u6295\u8d44\u7b56\u7565\uff0c\u540c\u65f6\u4e5f\u7ed9\u4e86\u6295\u8d44\u4eba\u66f4\u9ad8\u7684\u81ea\u7531\u5ea6\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>BlockBeats\uff1aDAT\uff08Digital Asset Treasury\uff09\u8d8b\u52bf\u7684\u51fa\u73b0\uff0c\u5176\u5b9e\u771f\u7684\u8d85\u51fa\u4e86\u6240\u6709\u4eba\u7684\u9884\u671f\uff0c\u73b0\u5728\u4e5f\u6709\u4e00\u4e9b\u4eba\u5f00\u59cb\u89c9\u5f97\uff0c\u8fd9\u53ef\u80fd\u5df2\u7ecf\u662f\u4e00\u4e2a\u300c\u9876\u90e8\u4fe1\u53f7\u300d\u4e86\uff08toppish signal\uff09\u3002\u4f60\u8ba4\u4e3a\u73b0\u5728\u5b83\u8fd8\u662f\u4e00\u4e2a\u65f6\u673a\u5408\u9002\u7684\u6295\u8d44\u5417\uff1f<\/span><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u60f3\u8bf4\u7684\u662f\uff0c\u6211\u6bcf\u5929\u5de5\u4f5c\u7684\u6838\u5fc3\uff0c\u5176\u5b9e\u5c31\u662f\u7d27\u5bc6\u8ffd\u8e2a\u516c\u5f00\u5e02\u573a\u3002\u4f5c\u4e3a\u4e00\u540d\u5df2\u7ecf\u6295\u8d44\u4e86 15 \u5e74\u7684\u4eba\uff0c\u6211\u5df2\u7ecf\u5b8c\u5168\u4e0d\u518d\u300c\u6267\u5ff5\u4e8e\u300d\u67d0\u79cd\u56fa\u5b9a\u7684\u4fe1\u5ff5\u3002\u6211\u73b0\u5728\u575a\u4fe1\u4e00\u70b9\uff1a\u5f53\u73b0\u5b9e\u60c5\u51b5\u53d1\u751f\u53d8\u5316\u65f6\uff0c\u6211\u4eec\u7684\u8ba4\u77e5\u4e5f\u5e94\u8be5\u968f\u4e4b\u6539\u53d8\uff0c\u6211\u4eec\u7684\u884c\u52a8\u66f4\u5e94\u8be5\u968f\u4e4b\u8c03\u6574\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u56de\u5230\u4f60\u521a\u624d\u7684\u95ee\u9898\uff0c\u6211\u786e\u5b9e\u8ba4\u4e3a\uff0c\u56e0\u4e3a\u8fd9\u4e9b\u6295\u8d44\u6807\u7684\u5177\u6709\u6d41\u52a8\u6027\uff0c\u6240\u4ee5\u6211\u4eec\u6bcf\u5929\u90fd\u5728\u8bc4\u4f30\u5b83\u4eec\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u867d\u7136\uff0c\u6211\u505a\u6295\u8d44\u7684\u521d\u8877\uff0c\u662f\u5e0c\u671b\u80fd\u591f\u957f\u671f\u6301\u6709\u8fd9\u4e9b\u8d44\u4ea7\u3002\u4f46\u73b0\u5b9e\u662f\uff0c\u6709\u65f6\u7ba1\u7406\u56e2\u961f\u7684\u6267\u884c\u5e76\u4e0d\u5982\u9884\u671f\uff0c\u6709\u65f6\u884c\u4e1a\u7684\u6574\u5408\u6bd4\u4f60\u60f3\u8c61\u7684\u6765\u5f97\u66f4\u5feb\u3002\u4e00\u65e6\u8fd9\u79cd\u60c5\u51b5\u53d1\u751f\uff0c\u6211\u4eec\u4f1a\u53ca\u65f6\u53cd\u5e94\uff0c\u505a\u51fa\u5bf9 LP \u6700\u6709\u5229\u7684\u51b3\u7b56\u3002\u6bd5\u7adf\uff0c\u6211\u4eec\u7684\u6838\u5fc3\u76ee\u6807\u5c31\u662f\u4e3a LP \u63d0\u4f9b\u6700\u4f18\u7684\u98ce\u9669\u8c03\u6574\u540e\u56de\u62a5\uff08risk-adjusted return\uff09\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\u5173\u4e8e\u5e02\u573a\u5468\u671f\uff0c\u6211\u786e\u5b9e\u76f8\u4fe1\u63a5\u4e0b\u6765\u8fd8\u6709 3 \u5230 6 \u4e2a\u6708\u7684\u673a\u4f1a\u7a97\u53e3\uff0c\u4f1a\u6709\u65b0\u9879\u76ee\u503c\u5f97\u53c2\u4e0e\u3002\u4f46\u5982\u679c\u8fd9\u4e2a\u5224\u65ad\u53d1\u751f\u53d8\u5316\uff0c\u6211\u4eec\u4e5f\u4f1a\u5982\u5b9e\u9762\u5bf9\uff0c\u5e76\u8fc5\u901f\u8c03\u6574\u7b56\u7565\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u5f53\u7136\uff0c\u6211\u4e5f\u76f8\u4fe1\u6700\u7ec8\u6bcf\u4e00\u4e2a\u4e3b\u6d41\u4ee3\u5e01\uff08tokens\uff09\u90fd\u4f1a\u8bde\u751f\u4e24\u5230\u4e09\u4e2a\u8d62\u5bb6\uff0c\u800c\u6211\u4eec\u4f1a\u957f\u671f\u6301\u6709\u8fd9\u4e9b\u4f18\u80dc\u8005\u3002\u4f46\u603b\u7684\u539f\u5219\u662f\uff1a\u968f\u7740\u4e8b\u5b9e\u6539\u53d8\uff0c\u6211\u4eec\u4e5f\u4f1a\u8c03\u6574\uff0c\u5e94\u5bf9\u5e02\u573a\u53d8\u5316\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u73b0\u5728\u6295\u8d44\u8fd9\u4e9b\u516c\u53f8\u7684\u6210\u672c\u5b9a\u6bd4\u4e4b\u524d\u76f8\u6bd4\u6574\u4f53\u4e0a\u6da8\u4e86\u591a\u5c11\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6574\u4f53\u6765\u770b\uff0c\u8fd9\u4e9b DAT\uff08Debt Asset Tokenization\uff09\u9879\u76ee\u7684\u4f30\u503c\u500d\u6570\u4e00\u822c\u5728 1.5 \u500d\u5230 8 \u500d\u4e4b\u95f4\u3002\u6240\u4ee5\u76ee\u524d\u7684\u6ea2\u4ef7\u8fd8\u662f\u76f8\u5f53\u9ad8\u7684\u3002\u9700\u8981\u6ce8\u610f\u7684\u662f\uff0c\u5f88\u591a\u9879\u76ee\u65e9\u671f\u6d41\u901a\u91cf\u5f88\u4f4e\uff0c\u6240\u4ee5\u4e00\u5f00\u59cb\u4ea4\u6613\u65f6\u4f30\u503c\u53ef\u80fd\u4f1a\u504f\u9ad8\uff0c\u4f46\u5f53\u80a1\u4efd\u89e3\u9501\u3001\u771f\u6b63\u6d41\u901a\u540e\uff0c\u901a\u5e38\u4f1a\u6709\u4e00\u5b9a\u7684\u56de\u8c03\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\u6709\u4e9b\u9879\u76ee\u76ee\u524d\u6ea2\u4ef7\u5f88\u9ad8\uff0c\u4f46\u5b83\u4eec\u5b58\u5728\u8fd9\u4e9b\u6d41\u52a8\u6027\u9650\u5236\u3002\u6240\u4ee5\u672a\u6765\u6211\u4eec\u53ef\u80fd\u4f1a\u770b\u5230\u8fd9\u7c7b\u9879\u76ee\u51fa\u73b0\u4f30\u503c\u56de\u8c03\u3002\u4f46\u5373\u4fbf\u5b8c\u5168\u6d41\u901a\u540e\uff0c\u5f88\u591a\u9879\u76ee\u4ecd\u5728 1.5 \u5230 8 \u500d\u4e4b\u95f4\uff0c\u6574\u4f53\u6765\u770b\u4f9d\u7136\u662f\u4e00\u4e2a\u76f8\u5f53\u5065\u5eb7\u7684\u6ea2\u4ef7\u533a\u95f4\uff0c\u5bf9\u5427\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1aPantera \u4e00\u822c\u5728\u8fd9\u4e9b\u9879\u76ee\u4e0a\u6295\u8d44\u7684\u5e73\u5747\u91d1\u989d\u662f\u591a\u5c11\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u8fd9\u4e2a\u8303\u56f4\u5176\u5b9e\u5dee\u5f02\u633a\u5927\u7684\uff0c\u4f46\u6211\u4eec\u7684\u652f\u7968\u989d\u5ea6\u4e00\u822c\u5728 500 \u4e07\u5230 2900 \u4e07\u7f8e\u5143\u4e4b\u95f4\uff0c\u8fd9\u7b97\u662f\u6211\u4eec\u7684\u5178\u578b\u6295\u8d44\u533a\u95f4\u3002\u5f53\u7136\uff0c\u6211\u4eec\u4e5f\u786e\u5b9e\u6295\u8fc7\u4e00\u4e9b\u91d1\u989d\u66f4\u5927\u7684\u9879\u76ee\uff0c\u89c4\u6a21\u662f\u8fd9\u4e2a\u533a\u95f4\u7684\u597d\u51e0\u500d\u3002\u4f46\u6211\u4eec\u4ece\u6765\u6ca1\u6709\u505a\u8fc7\u6bd4\u8fd9\u4e2a\u66f4\u5c0f\u7684\u6295\u8d44\u3002\u6240\u4ee5\u5982\u679c\u6211\u4eec\u8981\u53c2\u4e0e\u67d0\u4e2a\u9879\u76ee\uff0c\u81f3\u5c11\u5f97\u8fbe\u5230\u8fd9\u4e2a\u6807\u51c6\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u6240\u4ee5\u6295\u8d44\u8fd9\u4e9b DAT \u9879\u76ee\u5e76\u4e0d\u4e00\u5b9a\u6bd4\u6295\u65e9\u671f crypto \u9879\u76ee\u4fbf\u5b9c\uff1f\u6bd4\u5982\u79cd\u5b50\u8f6e\u6216 A \u8f6e\u3002<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u89c9\u5f97\u8fd9\u4e24\u8005\u53ea\u662f\u4e0d\u540c\u7c7b\u578b\u7684\u6295\u8d44\uff0c\u5b83\u4eec\u7684\u98ce\u9669\u56de\u62a5\u7ed3\u6784\u4e5f\u975e\u5e38\u4e0d\u540c\u3002\u6bd4\u5982\u4f60\u5728\u6295\u8d44\u4e00\u4e2a\u65e9\u671f\u9636\u6bb5\u7684\u521b\u4e1a\u516c\u53f8\u65f6\uff0c\u672c\u8d28\u4e0a\u662f\u4ee5\u67d0\u4e2a\u4f60\u9884\u4f30\u7684\u4f30\u503c\u4e70\u5165\u5b83\u7684\u4e00\u5c0f\u90e8\u5206\u80a1\u6743\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u800c\u5728\u8fd9\u4e9b\uff08DAT\uff09\u516c\u53f8\u4e2d\uff0c\u4f60\u4e70\u7684\u5176\u5b9e\u66f4\u50cf\u662f\u300e\u76d2\u5b50\u91cc\u7684\u6bd4\u7279\u5e01\u300f\u3002\u4e5f\u5c31\u662f\u8bf4\uff0c\u5982\u679c\u4f60\u82b1 1 \u7f8e\u5143\uff0c\u5c31\u80fd\u62ff\u5230\u4ef7\u503c 1 \u7f8e\u5143\u7684\u6bd4\u7279\u5e01\u4efd\u989d\u2014\u2014\u90a3\u8fd9\u79cd\u6295\u8d44\u5176\u5b9e\u603b\u91cf\u591a\u5c11\u5c31\u6ca1\u90a3\u4e48\u91cd\u8981\u4e86\uff0c\u56e0\u4e3a\u4f60\u51e0\u4e4e\u662f\u4ee5 1 \u6bd4 1 \u7684\u6bd4\u4f8b\u62ff\u56de\u76f8\u5e94\u7684\u8d44\u4ea7\uff0c\u662f\u4e00\u79cd\u300e\u8d44\u4ea7\u4efd\u989d\u6620\u5c04\u300f\u7684\u5f62\u5f0f\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u90a3\u4e48\u5728\u8fc7\u53bb\u4e00\u4e2a\u6708\uff086 \u6708\uff09\uff0cPantera \u603b\u5171\u770b\u4e86\u591a\u5c11\u4e2a DAT \u9879\u76ee\uff1f\u53c8\u6295\u4e86\u591a\u5c11\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u4eec\u5728\u8fc7\u53bb\u4e09\u4e2a\u6708\u5dee\u4e0d\u591a\u5df2\u7ecf\u770b\u4e86\u63a5\u8fd1 100 \u4e2a\u9879\u76ee\u4e86\uff0c\u81ea\u8fd9\u4e2a\u8d8b\u52bf\u542f\u52a8\u4ee5\u6765\uff0c\u975e\u5e38\u5bc6\u96c6\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>&nbsp;<\/span><\/p>\n<p class=\"ql-align-justify\"><img decoding=\"async\" alt=\"Digital Asset Treasuries\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/26\/1756190864381564.jpg\"><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u80fd\u7a0d\u5fae\u8be6\u7ec6\u8bb2\u4e00\u4e0b\u8fd9\u4e9b DAT \u516c\u53f8\u7684\u6295\u8d44\u6d41\u7a0b\u662f\u600e\u4e48\u8fd0\u4f5c\u7684\u5417\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u55ef\uff0c\u6211\u89c9\u5f97\u8fd9\u4e2a\u8fc7\u7a0b\u5176\u5b9e\u591a\u79cd\u591a\u6837\u3002\u6211\u4eec\u4f1a\u5c3d\u53ef\u80fd\u5728\u5408\u7406\u7684\u65f6\u673a\u5c3d\u65e9\u4ecb\u5165\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6709\u65f6\u5019\u662f\u6211\u4eec\u4e3b\u52a8\u53bb\u63a5\u89e6\u57fa\u91d1\u4f1a\u6216\u8005\u5927\u989d\u6301\u6709\u4eba\uff0c\u4e86\u89e3\u4ed6\u4eec\u7684\u8ba1\u5212\uff0c\u4ee5\u53ca\u4e3a\u4ec0\u4e48\u8fd9\u79cd\u65b9\u5f0f\u53ef\u80fd\u5bf9\u4ed6\u4eec\u6709\u5e2e\u52a9\u3002\u5f88\u591a\u65f6\u5019\uff0c\u56e0\u4e3a\u6211\u4eec\u5728\u8fd9\u4e2a\u9886\u57df\u6709\u5f88\u5f3a\u7684\u58f0\u8a89\uff0c\u4e00\u4e9b\u57fa\u91d1\u4f1a\u4e5f\u4f1a\u4e3b\u52a8\u6765\u627e\u6211\u4eec\u5bfb\u6c42\u5efa\u8bae\uff0c\u6216\u8005\u662f\u4e00\u4e9b\u4e0d\u4f9d\u6258\u57fa\u91d1\u4f1a\u7684\u4e3b\u8981\u53d1\u8d77\u65b9\u4e5f\u4f1a\u6765\u627e\u6211\u4eec\u3002\u901a\u5e38\u6765\u8bf4\uff0c\u8fd9\u4e2a\u8fc7\u7a0b\u53ef\u80fd\u662f\u4ed6\u4eec\u76f4\u63a5\u6765\u627e\u6211\u4eec\uff0c\u4e5f\u53ef\u80fd\u662f\u4ed6\u4eec\u5148\u627e\u6295\u884c\u8bbe\u5b9a\u8fd9\u4e2a deal\uff0c\u7136\u540e\u6295\u884c\u518d\u6765\u627e\u6211\u4eec\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u8fd9\u4e24\u79cd\u60c5\u51b5\u90fd\u6709\u53ef\u80fd\u3002\u6211\u4eec\u4f1a\u5c3d\u91cf\u65e9\u671f\u4ecb\u5165\uff0c\u5e76\u5c3d\u6211\u4eec\u6240\u80fd\u63d0\u4f9b\u5e2e\u52a9\uff0c\u56e0\u4e3a\u6211\u4eec\u77e5\u9053\u6211\u4eec\u5df2\u7ecf\u662f\u5e02\u573a\u4e0a\u770b\u8fc7\u6700\u591a\u8fd9\u7c7b deal \u7684\u56e2\u961f\u4e86\u3002\u6211\u4eec\u4e5f\u975e\u5e38\u8ba4\u771f\u5730\u5bf9\u5f85\u8fd9\u79cd\u8d23\u4efb\uff0c\u5e0c\u671b\u901a\u8fc7\u6211\u4eec\u7684\u53c2\u4e0e\uff0c\u5e2e\u52a9\u4ed6\u4eec\u7406\u89e3\u3001\u6253\u9020\u51fa\u6211\u4eec\u8ba4\u4e3a\u6700\u597d\u7684\u4ea7\u54c1\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u6240\u4ee5\u4f60\u4f1a\u8bf4\u5728\u8fd9\u4e9b\u9879\u76ee\u4e2d\uff0ccrypto VC \u4e0d\u662f\u4e3b\u529b\u8d44\u91d1\u6765\u6e90\uff0c\u66f4\u591a\u662f\u5bb6\u65cf\u529e\u516c\u5ba4\u6216\u4f20\u7edf\u57fa\u91d1\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u73b0\u5728\u53c2\u4e0e\u8005\u7ed3\u6784\u5df2\u7ecf\u975e\u5e38\u591a\u5143\u3002\u4e00\u5f00\u59cb\u786e\u5b9e\u4e3b\u8981\u662f crypto \u5708\u5185\u4eba\uff0c\u56e0\u4e3a\u9879\u76ee\u8fd8\u6bd4\u8f83\u65b0\u3002\u4f46\u73b0\u5728\u5f88\u591a\u9879\u76ee\u89c4\u6a21\u5f88\u5927\uff0ccrypto native \u7684\u57fa\u91d1\u5e76\u6ca1\u6709\u90a3\u4e48\u591a\u8d44\u672c\u50a8\u5907\uff0c\u6240\u4ee5\u6211\u4eec\u770b\u5230\u8d8a\u6765\u8d8a\u591a\u4f20\u7edf\u57fa\u91d1\u3001\u751a\u81f3\u4e00\u4e9b\u975e\u5e38\u77e5\u540d\u7684\u5927\u578b\u84dd\u7b79\u57fa\u91d1\u52a0\u5165\u4e86\uff0c\u867d\u7136\u6211\u4eec\u4e0d\u80fd\u900f\u9732\u540d\u5b57\uff0c\u4f46\u4ed6\u4eec\u786e\u5b9e\u5728\u505a\u8fd9\u4e9b\u4ea4\u6613\uff0c\u8fd8\u6709\u5f88\u591a\u5bf9\u51b2\u57fa\u91d1\u4e5f\u5728\u8fdb\u5165\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u90a3\u50cf BitMine \u6216 SharpLink Gaming \u8fd9\u79cd\u9879\u76ee\uff0c\u53c2\u4e0e\u95e8\u69db\u5927\u6982\u662f\u591a\u5c11\uff1f\u5982\u679c\u4e00\u4e2a Crypto VC \u53ea\u6709\u51e0\u767e\u4e07\u7f8e\u91d1\u89c4\u6a21\u7684\u57fa\u91d1\uff0c\u662f\u5426\u8fd8\u80fd\u53c2\u4e0e\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u8fd9\u53d6\u51b3\u4e8e\u9879\u76ee\u7ed3\u6784\uff0c\u4f46\u6211\u4eec\u5f88\u5173\u6ce8\u6295\u8d44\u4eba\u7ed3\u6784\u7684\u8d28\u91cf\u3002\u5982\u679c\u4e00\u4e2a\u9879\u76ee\u8981\u878d 5 \u4ebf\u7f8e\u5143\uff0c\u6211\u4eec\u4f1a\u975e\u5e38\u5728\u610f\u8fd9\u4e9b\u8d44\u91d1\u662f\u5426\u6765\u81ea\u957f\u671f\u6295\u8d44\u8005\uff0c\u800c\u4e0d\u662f\u4e00\u7fa4\u300c\u5feb\u94b1\u300d\u6295\u673a\u8005\u3002\u73b0\u5728\u6211\u4eec\u4f1a\u66f4\u300c\u5f3a\u52bf\u4ecb\u5165\u300d\uff0c\u76f4\u63a5\u5e2e\u52a9\u9879\u76ee\u65b9\u7b5b\u9009\uff0c\u628a\u6211\u4eec\u8ba4\u4e3a\u662f\u77ed\u7ebf\u535a\u5f08\u7684\u94b1\u5254\u9664\u6389\uff0c\u4ec5\u4fdd\u7559\u6211\u4eec\u8ba4\u4e3a\u662f\u300c\u771f\u957f\u671f\u8d44\u91d1\u300d\u7684\u6295\u8d44\u4eba\u3002\u8fd9\u662f\u6211\u4eec\u5728\u505a\u7684\u4e8b\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u90a3\u4f60\u89c9\u5f97\u5c0f\u578b Crypto VC \u8fd8\u6709\u673a\u4f1a\u53c2\u4e0e\u8fd9\u4e2a\u8d5b\u9053\u5417\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u4eec\u786e\u5b9e\u6709\u4e00\u4e9b\u4f18\u52bf\uff0c\u6bd4\u5982\u7ecf\u9a8c\u3001\u58f0\u8a89\u3001\u4fe1\u606f\u83b7\u53d6\u80fd\u529b\u7b49\u7b49\u3002\u4f46\u603b\u4f1a\u6709 deal \u5b58\u5728\uff0c\u8fd8\u662f\u6709\u673a\u4f1a\u7684\u3002\u6709\u4e9b\u9879\u76ee\u786e\u5b9e\u5728\u5e7f\u6cdb\u627e\u8d44\u91d1\uff0c\u90a3\u79cd\u901a\u5e38\u8d28\u91cf\u6bd4\u8f83\u4f4e\u2014\u2014\u6211\u4eec\u4e00\u822c\u4e0d\u53c2\u4e0e\u3002\u800c\u771f\u6b63\u9ad8\u8d28\u91cf\u7684\u9879\u76ee\uff0c\u6bd4\u5982 BitMine\uff0c\u5b83\u4eec\u5728\u516c\u5f00\u524d\u5176\u5b9e\u5c31\u5df2\u7ecf\u52df\u96c6\u4e86 2000 \u4e07\u7f8e\u5143\uff0c\u662f\u4e00\u5c0f\u7fa4\u5f7c\u6b64\u4fe1\u4efb\u7684\u57fa\u91d1\u4e4b\u95f4\u5b8c\u6210\u7684\u3002\u8d8a\u9ad8\u8d28\u91cf\u7684\u9879\u76ee\uff0c\u8d8a\u5c01\u95ed\u3002<\/span><\/p>\n<h1><\/h1>\n<h1><strong>DAT\uff0c\u7f8e\u80a1\u91d1\u878d\u8bd5\u9a8c\u573a<\/strong><\/h1>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u4f60\u521a\u624d\u63d0\u5230\uff0c\u300c\u6570\u5b57\u8d44\u4ea7\u91d1\u5e93\u516c\u53f8\u300d\uff08DAT\uff09\u8fd9\u4e2a\u6a21\u5f0f\u4e0d\u662f\u4e00\u5f00\u59cb\u5c31\u88ab\u5927\u5bb6\u63a5\u53d7\u7684\u3002\u4f60\u662f\u600e\u4e48\u5224\u65ad\u5b83\u8dd1\u5f97\u901a\u7684\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u89c9\u5f97\u6838\u5fc3\u5728\u4e8e\uff0c\u6211\u4eec\u5f97\u5148\u8ba4\u540c\u300c\u6570\u5b57\u8d44\u4ea7\u91d1\u5e93\u516c\u53f8\u300d\u8fd9\u79cd\u5546\u4e1a\u6a21\u5f0f\u672c\u8eab\u3002\u5766\u767d\u8bf4\uff0c\u6211\u4e5f\u82b1\u4e86\u4e00\u4e9b\u65f6\u95f4\u6765\u514b\u670d\u6700\u521d\u7684\u504f\u89c1\u3002MetaPlanet \u6210\u529f\u4e4b\u540e\uff0c\u624d\u5f00\u59cb\u8ba4\u771f\u7814\u7a76\u8fd9\u7c7b\u516c\u53f8\u7684\u3002\u90a3\u65f6\u5019\u6211\u4eec\u4e5f\u770b\u5230\u4e86\u52a0\u62ff\u5927\u7684 Sole Strategies \u5f00\u59cb\u505a\u7c7b\u4f3c\u7684\u5c1d\u8bd5\uff0c\u5c31\u82b1\u4e86\u5f88\u591a\u65f6\u95f4\u53bb\u7406\u89e3\u5b83\u4eec\u7684\u5e95\u5c42\u903b\u8f91\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u5bf9\u6211\u6765\u8bf4\uff0c\u6311\u6218\u633a\u5927\u7684\u3002\u56e0\u4e3a\u6211\u662f\u6709\u4f20\u7edf\u57fa\u672c\u9762\u4ef7\u503c\u6295\u8d44\u80cc\u666f\u7684\u4eba\u3002\u4f60\u60f3\u60f3\uff0c\u4e00\u5bb6\u516c\u53f8\u50cf MicroStrategy\uff0c\u957f\u671f\u4ee5\u4e24\u500d\u51c0\u8d44\u4ea7\uff082x NAV\uff09\u7684\u4ef7\u683c\u4ea4\u6613\uff0c\u8fd9\u5728\u6211\u8fc7\u5f80\u7684\u6295\u8d44\u903b\u8f91\u91cc\u7b80\u76f4\u65e0\u6cd5\u63a5\u53d7\uff0c\u7b80\u76f4\u8ddf\u6211\u4e4b\u524d\u505a\u8fc7\u7684\u4e00\u5207\u90fd\u80cc\u9053\u800c\u9a70\uff0c\u5bf9\u5427\uff1f<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u4f46\u4f60\u540e\u6765\u8f6c\u53d8\u4e86\u5bf9\u5b83\u7684\u770b\u6cd5\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u5bf9\uff0c\u56e0\u4e3a\u4f5c\u4e3a\u6295\u8d44\u4eba\uff0c\u4f60\u5fc5\u987b\u6301\u7eed\u6311\u6218\u81ea\u5df1\u7684\u6210\u89c1\uff0c\u7279\u522b\u662f\u5f53\u73b0\u5b9e\u4e2d\u51fa\u73b0\u4e86\u76f8\u53cd\u8bc1\u636e\u7684\u65f6\u5019\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u800c\u73b0\u5b9e\u662f\uff0cMicroStrategy \u5728\u8fc7\u53bb\u4e94\u5e74\u91cc\u51e0\u4e4e\u4e00\u76f4\u7ef4\u6301\u6ea2\u4ef7\u4ea4\u6613\u3002\u5373\u4f7f\u662f\u5728 ETF \u51fa\u6765\u4e4b\u540e\uff0c\u5b83\u7684\u4f18\u52bf\u4e5f\u6ca1\u88ab\u300c\u7ec8\u7ed3\u300d\u2014\u2014\u800c\u5f53\u65f6\uff0c\u5e02\u573a\u4e0a\u4e3b\u6d41\u7684\u770b\u6cd5\u662f\uff0cETF \u4e00\u65e6\u4e0a\u7ebf\uff0cMicroStrategy \u7684\u4f30\u503c\u6ea2\u4ef7\u5c31\u4f1a\u5d29\u584c\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u800c\u4e14\uff0c\u5b83\u7684\u524d\u51e0\u5927\u80a1\u4e1c\u4e2d\u6709\u4e00\u4e9b\u6211\u975e\u5e38\u5c0a\u656c\u7684\u957f\u671f\u4ef7\u503c\u6295\u8d44\u8005\uff0c\u6bd4\u5982 Capital Group\uff08\u7f8e\u56fd\u6700\u5927\u7684\u5171\u540c\u57fa\u91d1\u516c\u53f8\uff09\u548c Norges\uff08\u632a\u5a01\u7684\u4e3b\u6743\u8d22\u5bcc\u57fa\u91d1\uff09\u3002\u8fd9\u4e9b\u53ef\u90fd\u662f\u975e\u5e38\u6ce8\u91cd\u57fa\u672c\u9762\u7684\u957f\u7ebf\u8d44\u91d1\uff0c\u7edd\u4e0d\u662f\u77ed\u7ebf\u6295\u673a\u8005\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\u6211\u771f\u7684\u662f\u5f3a\u8feb\u81ea\u5df1\u6362\u4e00\u79cd\u89d2\u5ea6\u53bb\u601d\u8003\u8fd9\u4ef6\u4e8b\uff0c\u6700\u540e\u6211\u610f\u8bc6\u5230\u2014\u2014\u54c7\uff0c\u539f\u6765\u8fd9\u771f\u7684\u662f\u4e00\u4e2a\u300c\u53ef\u6301\u7eed\u300d\u7684\u8d22\u52a1\u5f15\u64ce\uff1f<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u4e3a\u4ec0\u4e48\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u4ece\u7b2c\u4e00\u6027\u539f\u7406\u7684\u89d2\u5ea6\u6765\u770b\uff0c\u5176\u5b9e\u5c31\u4e24\u4e2a\u5173\u952e\uff1a<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u7b2c\u4e00\uff0c\u4f60\u662f\u5426\u76f8\u4fe1\u5e02\u573a\u6709\u65f6\u5019\u4f1a\u8fc7\u5ea6\u4ea2\u594b\uff0c\u4f1a\u628a\u4e00\u4e9b\u4e1c\u897f\u7684\u4f30\u503c\u63a8\u5230\u9ad8\u4e8e\u5176\u5185\u5728\u4ef7\u503c\uff1f\u6211\u7684\u56de\u7b54\u662f\uff1a\u662f\u7684\uff0c\u5f53\u7136\u4f1a\uff0c\u8fd9\u79cd\u60c5\u51b5\u786e\u5b9e\u4f1a\u53d1\u751f\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u7b2c\u4e8c\uff0c\u4f60\u662f\u5426\u76f8\u4fe1\u5e02\u573a\u6709\u65f6\u5019\u4f1a\u6ce2\u52a8\uff1f\u56e0\u4e3a\u6b63\u662f\u6ce2\u52a8\u6027\uff0c\u624d\u8ba9\u4f60\u6709\u673a\u4f1a\u53bb\u5356\u51fa\u53ef\u8f6c\u503a\u5957\u5229\u3002\u6211\u7684\u56de\u7b54\u662f\uff1a\u662f\u7684\uff0c\u663e\u7136\u5e02\u573a\u6709\u65f6\u5019\u5c31\u662f\u6ce2\u52a8\u7684\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\u53ea\u8981\u5e02\u573a\u6709\u65f6\u5019\u4f1a\u9ad8\u4f30\u67d0\u4e9b\u8d44\u4ea7\uff0c\u53c8\u5b58\u5728\u8db3\u591f\u7684\u6ce2\u52a8\u6027\uff0c\u90a3\u4e48\u4f60\u5c31\u53ef\u4ee5\u542f\u52a8 ATM\uff08\u6309\u5e02\u4ef7\u53d1\u884c\uff09\u673a\u5236\uff0c\u4e5f\u53ef\u4ee5\u8fd0\u4f5c\u53ef\u8f6c\u503a\uff08Convertible Debt\uff09\u8fd9\u4e2a\u5f15\u64ce\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4ece\u8fd9\u4e2a\u89d2\u5ea6\u6765\u770b\uff0c\u6ea2\u4ef7\u5176\u5b9e\u662f\u53ef\u4ee5\u957f\u671f\u7ef4\u6301\u7684\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u6240\u4ee5\u5728\u4f60\u770b\u6765\uff0c\u8fd9\u4e9b\u300c\u6570\u5b57\u8d44\u4ea7\u91d1\u5e93\u516c\u53f8\u300d\u7684\u57fa\u672c\u9762\uff0c\u5230\u5e95\u6307\u7684\u662f\u4ec0\u4e48\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u89c9\u5f97\u5f52\u6839\u7ed3\u5e95\u8981\u95ee\u7684\u662f\uff1a\u4e3a\u4ec0\u4e48\u4e00\u4e2a\u4eba\u4f1a\u9009\u62e9\u6301\u6709\u4e00\u5bb6\u300c\u6570\u5b57\u8d44\u4ea7\u91d1\u5e93\u516c\u53f8\u300d\uff0c\u800c\u4e0d\u662f\u76f4\u63a5\u4e70\u73b0\u8d27\uff1f<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4ee5 MicroStrategy \u4e3a\u4f8b\uff0c\u5b83\u7684\u80a1\u4ef7\u7ecf\u5e38\u662f\u51c0\u8d44\u4ea7\u4ef7\u503c\u7684\u4e24\u500d\uff082x NAV\uff09\u3002\u8fd9\u542c\u8d77\u6765\u5f88\u75af\u72c2\uff0c\u5bf9\u5427\uff1f\u4f60\u4e3a\u4ec0\u4e48\u8981\u82b1\u540c\u6837\u7684\u94b1\u53bb\u4e70\u300c\u534a\u4e2a\u6bd4\u7279\u5e01\u300d\uff0c\u800c\u4e0d\u662f\u76f4\u63a5\u4e70\u4e00\u4e2a\u5b8c\u6574\u7684\u6bd4\u7279\u5e01\uff1f\u90a3\u552f\u4e00\u7684\u7406\u7531\u5c31\u5728\u4e8e\uff1a\u4f60\u76f8\u4fe1\u8fd9\u300c\u534a\u4e2a\u6bd4\u7279\u5e01\u300d\u7684\u4ef7\u503c\uff0c\u672a\u6765\u4f1a\u6bd4\u4e00\u4e2a\u6bd4\u7279\u5e01\u8fd8\u503c\u94b1\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u90a3\u4e48\uff0c\u4ed6\u4eec\u662f\u600e\u4e48\u505a\u5230\u8fd9\u4e00\u70b9\u7684\u5462\uff1f\u5173\u952e\u5728\u4e8e\u63d0\u5347\u300c\u6bcf\u80a1\u5bf9\u5e94\u7684\u52a0\u5bc6\u8d44\u4ea7\u6570\u91cf\u300d\uff08token per share\uff09\u3002MicroStrategy \u4f1a\u7528\u6ea2\u4ef7\u53d1\u884c\u80a1\u7968\u3001\u53d1\u884c\u53ef\u8f6c\u503a\u7b49\u65b9\u5f0f\u878d\u8d44\uff0c\u518d\u62ff\u8fd9\u7b14\u94b1\u589e\u6301\u6bd4\u7279\u5e01\u3002\u800c\u8fd9\u4e9b\u5de5\u5177\uff0c\u672c\u8d28\u4e0a\u662f\u5728\u5356\u51fa\u6ce2\u52a8\u7387\uff0c\u6216\u8005\u8bf4\u5356\u51fa\u81ea\u5df1\u80a1\u7968\u7684\u8ba4\u8d2d\u671f\u6743\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u516c\u53f8\u56e0\u6b64\u83b7\u5f97\u4e86\u53ef\u4ee5\u7528\u6765\u589e\u6301\u6bd4\u7279\u5e01\u7684\u6536\u5165\uff0c\u800c\u4e14\u662f\u4ee5\u589e\u503c\u6027\u7684\u65b9\u5f0f\u53bb\u8d2d\u4e70\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4e3e\u4e2a\u7b80\u5355\u7684\u4f8b\u5b50\uff1a<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u00b7 \u5047\u8bbe\u4e00\u4e2a\u516c\u53f8\u80fd\u628a\u6bcf\u80a1\u6bd4\u7279\u5e01\u7684\u6570\u91cf\uff0c\u6bcf\u5e74\u589e\u957f 50%\uff0c\u8fde\u7eed\u589e\u957f\u4e24\u5e74\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u00b7 \u90a3\u4e48\u5982\u679c\u4e00\u4e2a\u4eba\u4e00\u5f00\u59cb\u6301\u6709\u7684\u662f\u300c\u534a\u4e2a\u6bd4\u7279\u5e01\u300d\u7684\u655e\u53e3\uff0c\u5728\u8fde\u7eed\u4e24\u5e74\u589e\u957f 50% \u540e\uff0c\u4ed6\u5c31\u4f1a\u62e5\u6709\u7ea6 1.1 \u4e2a\u6bd4\u7279\u5e01\u3002\u8fd9\u6837\u51e0\u5e74\u4e4b\u540e\uff0c\u5176\u6301\u6709\u7684\u8d44\u4ea7\u5c06\u6bd4\u76f4\u63a5\u4e70\u5165\u4e00\u4e2a\u6bd4\u7279\u5e01\u8fd8\u8981\u591a\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4ece\u8fd9\u4e2a\u89d2\u5ea6\u770b\uff0c\u4e70\u5165\u8fd9\u7c7b\u516c\u53f8\u662f\u5408\u7406\u7684\u9009\u62e9\u3002\u53ea\u8981\u4f60\u76f8\u4fe1\u8fd9\u7c7b\u516c\u53f8\u6709\u901a\u8fc7\u5404\u79cd\u624b\u6bb5\u6301\u7eed\u63d0\u9ad8\u300c\u6bcf\u80a1\u5bf9\u5e94\u7684\u52a0\u5bc6\u8d44\u4ea7\u6570\u91cf\uff08token per share\uff09\u300d\u7684\u80fd\u529b\uff0c\u6295\u8d44\u5b83\u5c31\u662f\u5408\u7406\u7684\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>2024 \u5e74\uff0cMicroStrategy \u7684\u6bcf\u80a1\u6bd4\u7279\u5e01\u589e\u957f\u4e86\u63a5\u8fd1 75%\u3002\u4eca\u5e74\u5230\u76ee\u524d\u4e3a\u6b62\uff0c\u4e5f\u5df2\u7ecf\u589e\u957f\u4e86\u8d85\u8fc7 25%\u3002\u6240\u4ee5\u5728\u77ed\u77ed\u4e00\u5e74\u534a\u5185\uff0c\u4ed6\u4eec\u7684\u6bcf\u80a1\u6bd4\u7279\u5e01\u5c31\u7ffb\u4e86\u4e00\u500d\u591a\u3002\u6240\u4ee5\u5982\u679c\u4f60\u662f\u5728 2023 \u6216 2024 \u5e74\u4e70\u5165\u7684\uff0c\u4f60\u73b0\u5728\u7684\u6536\u76ca\u8fdc\u597d\u4e8e\u5f53\u65f6\u76f4\u63a5\u4e70\u5165\u4e00\u4e2a\u6bd4\u7279\u5e01\u7684\u6295\u8d44\u4eba\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\uff0c\u8fd9\u5957\u6a21\u5f0f\u5df2\u7ecf\u5f97\u5230\u4e86\u5b9e\u9645\u9a8c\u8bc1\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>&nbsp;<\/span><\/p>\n<p class=\"ql-align-justify\"><img decoding=\"async\" alt=\"Digital Asset Treasuries\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/26\/1756190923944777.jpg\"><\/p>\n<p class=\"ql-align-justify\"><span>BMNR \u80a1\u4ef7\u4e0a\u6da8\u7684\u4e09\u5927\u9a71\u52a8\u56e0\u7d20 | \u56fe\u6e90\uff1aPantera \u5b98\u7f51<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u90a3\u8fd9\u4e9b\u516c\u53f8\u7a76\u7adf\u662f\u600e\u4e48\u505a\u5230\u7684\uff1f\u4ed6\u4eec\u662f\u9760\u4ec0\u4e48\u5de5\u5177\u6301\u7eed\u63d0\u9ad8\u6bcf\u80a1\u7684\u6bd4\u7279\u5e01\u655e\u53e3\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u89c9\u5f97\u53ef\u4ee5\u4ece\u4e24\u4e2a\u5c42\u9762\u6765\u770b\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u9996\u5148\uff0c\u662f\u63d0\u5347\u8ba4\u77e5\u4e0e\u7528\u6237\u91c7\u7528\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u5f88\u591a\u4eba\u4ee5\u4e3a\uff0c\u52a0\u5bc6\u884c\u4e1a\u7684\u6545\u4e8b\u5927\u5bb6\u65e9\u5c31\u542c\u8fc7\u4e86\uff0c\u4f46\u5176\u5b9e\u4e0d\u662f\u3002\u6211\u8ddf\u4e00\u4e9b\u5728 Tiger\u3001Coatue\u3001Viking\u3001Lone Pine \u7684\u670b\u53cb\u804a\u8fc7\uff0c\u4ed6\u4eec\u73b0\u5728\u90fd\u662f\u57fa\u91d1\u5408\u4f19\u4eba\uff0c\u4f46\u52a0\u5bc6\u5e76\u4e0d\u662f\u4ed6\u4eec\u7684\u65e5\u5e38\u91cd\u70b9\u3002\u5bf9\u4ed6\u4eec\u6765\u8bf4\uff0c\u8fd9\u4ecd\u662f\u4e00\u4e2a\u65b0\u9886\u57df\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\uff0c\u50cf MicroStrategy\uff0c\u6216\u8005\u8fd9\u4e9b\u6570\u5b57\u8d44\u4ea7\u91d1\u5e93\u516c\u53f8\uff08DATs\uff09\uff0c\u9996\u5148\u8981\u505a\u7684\u5176\u5b9e\u662f\uff1a\u628a\u52a0\u5bc6\u8d44\u4ea7\u7684\u6545\u4e8b\u8bb2\u7ed9\u4f20\u7edf\u91d1\u878d\u4e16\u754c\u542c\uff0c\u6253\u5165\u90a3\u4e9b\u8fd8\u6ca1\u771f\u6b63\u4e86\u89e3 crypto \u7684\u4e3b\u6d41\u5e02\u573a\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u800c\u8fd9\u4e2a\u5e02\u573a\u7684\u4f53\u91cf\u5f88\u5927\u3002\u73b0\u5728\u6d3b\u8dc3\u5728 crypto \u7684\u7528\u6237\u5927\u6982\u51e0\u5343\u4e07\uff0c\u800c\u4f20\u7edf\u91d1\u878d\u7528\u6237\u53ef\u80fd\u662f\u8fd9\u4e2a\u6570\u5b57\u7684 100 \u500d\u3002\u8fd9\u4e2a\u8ba4\u77e5\u5dee\uff0c\u5c31\u662f DAT \u7684\u673a\u4f1a\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u56e0\u6b64\u300c\u63d0\u5347\u8ba4\u77e5\u300d\u662f\u4e00\u4e2a\u975e\u5e38\u5173\u952e\u7684\u7b56\u7565\u3002\u800c\u80fd\u5426\u6709\u4e00\u4e2a\u4eba\u771f\u6b63\u628a\u8fd9\u4e2a\u6545\u4e8b\u8bb2\u6e05\u695a\u2014\u2014\u65e2\u80fd\u8bb2\u6e05\u695a\u5e95\u5c42\u7684\u4ee3\u5e01\u6545\u4e8b\uff0c\u4e5f\u80fd\u8bb2\u6e05\u695a\u8fd9\u4e2a\u516c\u53f8\u672c\u8eab\u7684\u6545\u4e8b\u2014\u2014\u8fd9\u5c31\u662f\u901a\u5f80\u6210\u529f\u7684\u5173\u952e\u56e0\u7d20\u4e4b\u4e00\u3002\u8fd9\u5c31\u662f\u7b2c\u4e00\u70b9\uff1a\u8ba4\u77e5\u5ea6\u7684\u63d0\u5347\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u90a3\u7b2c\u4e8c\u4e2a\u5c42\u9762\u5462\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u7b2c\u4e8c\u70b9\u662f\u5728\u6563\u6237\u7fa4\u4f53\u4e2d\u7684\u6574\u4f53\u8425\u9500\u80fd\u529b\u3002\u6211\u8ba4\u4e3a\uff0c\u5728\u65e9\u671f\u9636\u6bb5\u975e\u5e38\u91cd\u8981\u7684\uff0c\u5e76\u4e0d\u53ea\u662f\u6253\u52a8 crypto \u5708\u7684\u6563\u6237\uff0c\u800c\u662f\u8981\u5728\u65e9\u671f\u5c31\u4e89\u53d6\u300c\u4e3b\u6d41\u5e02\u573a\u7684\u666e\u901a\u6295\u8d44\u8005\uff08Main Street retail\uff09\u300d\uff0c\u8fd9\u5bf9\u8fd9\u4e9b\u516c\u53f8\u957f\u671f\u6210\u529f\u81f3\u5173\u91cd\u8981\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u8981\u6253\u5f00\u91d1\u878d\u6760\u6746\u5de5\u5177\uff0c\u6bd4\u5982\u53ef\u8f6c\u503a\u3001\u4f18\u5148\u80a1\u8fd9\u4e9b\u901a\u9053\uff0c\u524d\u63d0\u662f\u516c\u53f8\u5e02\u503c\u5f97\u5148\u505a\u4e0a\u53bb\uff0c\u4e00\u822c\u8981\u8fbe\u5230 10 \u5230 20 \u4ebf\u7f8e\u5143\u8fd9\u4e2a\u91cf\u7ea7\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4f46\u65e9\u671f\u4e0d\u4f1a\u6709\u592a\u591a\u673a\u6784\u4e70\u5355\uff0c\u771f\u6b63\u7684\u5173\u952e\u662f\uff0c\u4f60\u8981\u80fd\u628a\u6545\u4e8b\u8bb2\u7ed9\u66f4\u5e7f\u6cdb\u7684\u666e\u901a\u6295\u8d44\u8005\u542c\uff0c\u8ba9\u4ed6\u4eec\u613f\u610f\u8fdb\u6765\u3002\u6240\u4ee5\u300c\u5efa\u7acb\u4fe1\u4efb\u4e0e\u4fe1\u5ff5\u300d\u662f\u8fd9\u4ef6\u4e8b\u7684\u5173\u952e\u90e8\u5206\uff0c\u5f53\u7136\u4e5f\u5305\u62ec\u63a8\u52a8\u673a\u6784\u7aef\u7684\u8ba4\u77e5\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u800c\u8fd9\u4e00\u5207\u7684\u6700\u7ec8\u76ee\u6807\uff0c\u662f\u8ba9\u4f60\u80fd\u5728\u5e02\u573a\u4e0a\u83b7\u5f97\u300c\u4f30\u503c\u6ea2\u4ef7\u300d\uff08premium trading\uff09\u2014\u2014\u4ece\u800c\u5c06\u80a1\u7968\u53d8\u73b0\uff0c\u5e76\u4ee5\u66f4\u6709\u4ef7\u503c\u7684\u65b9\u5f0f\u5b9e\u73b0\u589e\u957f\u3002\u4e00\u65e6\u4f60\u8fbe\u5230\u4e86 10 \u5230 20 \u4ebf\u7f8e\u5143\u7684\u5e02\u503c\u533a\u95f4\uff0c\u5c31\u53ef\u4ee5\u5f00\u59cb\u53d1\u884c\u53ef\u8f6c\u503a\u4e86\uff0c\u4e5f\u53ef\u4ee5\u5f00\u59cb\u53d1\u4f18\u5148\u80a1\uff0c\u8fd9\u65f6\u4f60\u624d\u771f\u6b63\u6253\u5f00\u4e86\u901a\u5f80\u673a\u6784\u8d44\u672c\u7684\u300c\u53e6\u4e00\u6247\u95e8\u300d\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\uff0c\u4ee5\u4e0a\u8fd9\u4e9b\u6b65\u9aa4\uff0c\u662f\u4f60\u5fc5\u987b\u300c\u76f8\u4fe1\u4f1a\u5b9e\u73b0\u300d\u7684\u524d\u63d0\uff0c\u6574\u4e2a\u6a21\u5f0f\u624d\u80fd\u6210\u7acb\u3002\u8bf4\u5230\u5e95\uff0c\u8fd9\u4e00\u5207\u90fd\u662f\u5173\u4e8e\u300c\u5e02\u573a\u8425\u9500\u300d\u7684\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u5f53\u516c\u53f8\u83b7\u5f97\u5e02\u573a\u4fe1\u4efb\u4e4b\u540e\uff0c\u600e\u4e48\u8fdb\u4e00\u6b65\u6269\u5927\u5b83\u7684\u8d44\u4ea7\u655e\u53e3\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u8fd9\u5c31\u8fdb\u5165\u7b2c\u4e8c\u9636\u6bb5\u2014\u2014\u5229\u7528\u5404\u79cd\u91d1\u878d\u5de5\u5177\uff0c\u8fdb\u4e00\u6b65\u63d0\u5347\u6bcf\u80a1\u6bd4\u7279\u5e01\u6216\u5176\u4ed6\u4ee3\u5e01\u7684\u655e\u53e3\u3002\u5177\u4f53\u6765\u8bf4\uff0c\u5c31\u662f\u628a\u4f60\u524d\u671f\u5efa\u7acb\u8d77\u6765\u7684\u5e02\u573a\u8ba4\u77e5\u8f6c\u5316\u4e3a\u878d\u8d44\u80fd\u529b\uff0c\u6bd4\u5982\u901a\u8fc7 ATM\uff0c\u53d1\u884c\u53ef\u8f6c\u503a\u7b49\u65b9\u5f0f\uff0c\u7ee7\u7eed\u7b79\u8d44\uff0c\u7136\u540e\u518d\u62ff\u8fd9\u4e9b\u94b1\u53bb\u4e70\u66f4\u591a\u52a0\u5bc6\u8d44\u4ea7\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u662f\u4e0d\u662f\u4e5f\u610f\u5473\u7740\uff0c\u4e0d\u540c\u7c7b\u578b\u7684\u5e95\u5c42\u8d44\u4ea7\uff0c\u5bf9\u8fd9\u5957\u6a21\u5f0f\u7684\u652f\u6301\u529b\u4e5f\u4e0d\u540c\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u662f\u7684\uff0c\u6211\u4eec\u6700\u8fd1\u89c2\u5bdf\u5230\u4e00\u4e2a\u6709\u8da3\u7684\u73b0\u8c61\uff1a\u6bd4\u8d77\u6bd4\u7279\u5e01\uff0c\u4ee5\u592a\u574a\u548c Solana \u8fd9\u7c7b\u8d44\u4ea7\uff0c\u5176\u5b9e\u66f4\u9002\u5408\u8dd1 DAT \u6a21\u5f0f\u3002\u539f\u56e0\u5f88\u7b80\u5355\uff0c\u56e0\u4e3a BTC \u672c\u8eab\u4e0d\u4ea7\u51fa\u6536\u76ca\uff0cDAT \u516c\u53f8\u8981\u9760\u7ed3\u6784\u53bb\u653e\u5927\u655e\u53e3\uff1b\u4f46\u50cf ETH \u548c SOL \u8fd9\u6837\u7684\u667a\u80fd\u5408\u7ea6\u8d44\u4ea7\uff0c\u672c\u8eab\u5c31\u80fd\u53c2\u4e0e\u8d28\u62bc\u3001\u52a0\u5165 DeFi\uff0c\u5177\u5907\u539f\u751f\u7684\u300c\u76c8\u5229\u80fd\u529b\u300d\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4e5f\u5c31\u662f\u8bf4\uff0c\u5373\u4fbf\u4e0d\u505a\u91d1\u878d\u5de5\u7a0b\uff0c\u5b83\u4eec\u4e5f\u80fd\u9760\u94fe\u4e0a\u6536\u76ca\u3001\u5229\u7387\u4ea7\u54c1\u7b49\u65b9\u5f0f\uff0c\u628a token per share \u505a\u4e0a\u53bb\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u8fd9\u5c31\u662f\u4e3a\u4ec0\u4e48\u5e02\u573a\u613f\u610f\u7ed9\u8fd9\u4e9b DAT \u516c\u53f8\u4f30\u503c\u6ea2\u4ef7\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u53ef\u4ee5\u8fd9\u4e48\u7406\u89e3\u3002\u5f53\u4f60\u601d\u8003\u4e00\u4e2a\u8d44\u4ea7\u4e3a\u4ec0\u4e48\u80fd\u83b7\u5f97\u4f30\u503c\u6ea2\u4ef7\u65f6\uff0c\u6838\u5fc3\u5176\u5b9e\u5728\u4e8e\u5b83\u662f\u4e0d\u662f\u4e00\u4e2a\u80fd\u6301\u7eed\u521b\u9020\u6536\u76ca\u7684\u7ed3\u6784\u3002DAT \u516c\u53f8\u5c31\u662f\u8fd9\u6837\u4e00\u7c7b\u7ed3\u6784\uff0c\u4ed6\u4eec\u770b\u8d77\u6765\u66f4\u50cf\u662f\u91d1\u878d\u670d\u52a1\u516c\u53f8\u6216\u94f6\u884c\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u94f6\u884c\u7684\u672c\u8d28\uff0c\u662f\u4e00\u5806\u8d44\u672c\uff0c\u7136\u540e\u901a\u8fc7\u653e\u8d37\u7b49\u65b9\u5f0f\u4ea7\u751f\u6536\u76ca\u3002DAT \u516c\u53f8\u4e5f\u6b63\u662f\u5982\u6b64\u3002\u5b83\u4eec\u662f\u4e00\u5806\u8d44\u672c\uff0c\u7528\u6765\u521b\u9020\u6536\u76ca\u3002\u6240\u4ee5\uff0c\u53ea\u8981\u8fd9\u79cd\u6536\u76ca\u662f\u6301\u7eed\u4e14\u7a33\u5b9a\u7684\uff0c\u5b83\u4eec\u5c31\u7406\u5e94\u4eab\u6709\u9ad8\u4e8e\u8d26\u9762\u4ef7\u503c\u7684\u4f30\u503c\uff0c\u5c31\u50cf\u94f6\u884c\u4e00\u6837\u3002<\/span><\/p>\n<h1><strong>&nbsp;<\/strong><\/h1>\n<h1><strong>\u4e3a\u4ec0\u4e48\u662f\u4ee5\u592a\u574a\uff1f<\/strong><\/h1>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u56de\u5230 Bitmine \u8fd9\u5bb6\u516c\u53f8\uff0c\u5b83\u539f\u672c\u662f\u4e00\u5bb6\u6bd4\u7279\u5e01\u77ff\u4f01\uff0c\u5982\u4eca\u8f6c\u578b\u6210\u4e3a\u4ee5\u592a\u574a\u8d22\u5e93\u516c\u53f8\u3002\u8fd9\u770b\u8d77\u6765\u50cf\u662f\u4e00\u79cd\u975e\u5e38\u806a\u660e\u7684\u5e02\u573a\u8fdb\u5165\u7b56\u7565\uff0c\u6b63\u5982\u4f60\u4e4b\u524d\u63d0\u5230\u7684\u5173\u4e8e\u300c\u8425\u9500\u300d\u7684\u91cd\u8981\u6027\u90a3\u6837\uff0c\u8fd9\u662f\u4e0d\u662f\u4f60\u4eec\u548c Tommy \u9009\u62e9 Bitmine \u6765\u505a ETH \u8d22\u5e93\u516c\u53f8\u7684\u4e3b\u8981\u539f\u56e0\u4e4b\u4e00\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u8ba4\u4e3a\uff0c\u5728\u6211\u4eec\u63a8\u8fdb\u8fd9\u7c7b\u4ea4\u6613\u65f6\uff0c\u4f1a\u6709\u5f88\u591a\u56e0\u7d20\u9700\u8981\u7efc\u5408\u8003\u8651\u3002\u9996\u5148\uff0c\u4f60\u901a\u5e38\u662f\u5728\u548c\u4e00\u5bb6\u5df2\u6709\u7684\u7ba1\u7406\u56e2\u961f\u5408\u4f5c\uff0c\u6240\u4ee5\u9009\u5bf9\u5bf9\u8c61\u672c\u8eab\u5c31\u5f88\u5173\u952e\u3002\u5728\u4e00\u5bb6\u4e0a\u5e02\u516c\u53f8\u91cc\uff0c\u56e2\u961f\u7684\u5ef6\u7eed\u6027\u975e\u5e38\u91cd\u8981\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\u6211\u4eec\u8ba4\u4e3a\uff0c\u627e\u5230\u4e00\u4e2a\u7406\u5ff5\u5df2\u7ecf\u9ad8\u5ea6\u5951\u5408\u7684\u56e2\u961f\uff0c\u662f\u975e\u5e38\u91cd\u8981\u7684\u3002\u5c24\u5176\u662f\u5bf9\u65b9\u5fc5\u987b\u5df2\u7ecf\u7406\u89e3\u6784\u5efa\u6570\u5b57\u8d44\u4ea7\u8d22\u5e93\u578b\u516c\u53f8\u7684\u91cd\u8981\u6027\uff0c\u8fd9\u4e00\u70b9\u6211\u4eec\u975e\u5e38\u770b\u91cd\u3002\u800c Bitmine \u6b63\u597d\u7b26\u5408\u8fd9\u4e9b\u6761\u4ef6\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6211\u89c9\u5f97\u4ed6\u4eec\u613f\u610f\u4ece\u6bd4\u7279\u5e01\u8f6c\u5411\u4ee5\u592a\u574a\uff0c\u8fd9\u79cd\u5f00\u653e\u6001\u5ea6\u4e5f\u975e\u5e38\u5173\u952e\uff0c\u867d\u7136\u4e0d\u662f\u6bcf\u5bb6\u516c\u53f8\u90fd\u4f1a\u8fd9\u6837\u505a\uff0c\u4f46\u4ed6\u4eec\u7684\u8fd9\u79cd\u7075\u6d3b\u6027\u5bf9\u6211\u4eec\u6765\u8bf4\u5f88\u6709\u4ef7\u503c\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\u8fd9\u4e9b\u90fd\u662f\u6211\u4eec\u770b\u4e2d\u7684\u91cd\u8981\u56e0\u7d20\u3002\u800c\u6211\u4eec\u901a\u8fc7\u5f15\u5165 Tom Lee \u53ca\u5176\u58f0\u8a89\uff0c\u663e\u8457\u52a0\u5feb\u4e86\u8fd9\u4e2a\u8fc7\u7a0b\u3002\u4ed6\u7684\u5f71\u54cd\u529b\u5bf9\u516c\u53f8\u53d1\u5c55\u8d77\u5230\u4e86\u63a8\u52a8\u4f5c\u7528\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>&nbsp;<\/span><\/p>\n<p class=\"ql-align-justify\"><img decoding=\"async\" alt=\"Digital Asset Treasuries\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/26\/1756190929908975.jpg\"><\/p>\n<p class=\"ql-align-center\"><em>Tom Lee \u5728CNBC\u63a5\u53d7\u91c7\u8bbf<\/em><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1aDefi Dev Corp \u662f\u7f8e\u56fd\u7b2c\u4e00\u5bb6\u975e\u6bd4\u7279\u5e01\u7c7b\u7684\u52a0\u5bc6\u8d22\u5e93\u516c\u53f8\uff0c\u4e3a\u4ec0\u4e48\u6700\u65e9\u662f Solana \u8d22\u5e93\u516c\u53f8\u5148\u51fa\u73b0\uff0c\u4f46\u73b0\u5728\u53cd\u800c\u662f\u4ee5\u592a\u574a\u8d22\u5e93\u516c\u53f8\u66f4\u80dc\u4e00\u7b79\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><strong>Cosmo Jiang<\/strong><span>\uff1a\u6211\u89c9\u5f97\uff0c\u8fd9\u79cd\u4e8b\u60c5\u5176\u5b9e\u53ea\u6709\u56de\u5934\u770b\u65f6\u624d\u6709\u300c\u5408\u7406\u903b\u8f91\u300d\u3002\u56e0\u4e3a\u73b0\u5b9e\u662f\uff0c\u4e16\u754c\u5145\u6ee1\u968f\u673a\u6027\uff0c\u5f88\u591a\u65f6\u5019\u5c31\u662f\u4e00\u4e9b\u5076\u53d1\u4e8b\u4ef6\uff0c\u53cd\u800c\u6210\u4e86\u5e02\u573a\u7684\u50ac\u5316\u5242\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6211\u4eec\u4e4b\u6240\u4ee5\u6700\u5148\u652f\u6301 Defi Dev Corp\uff0c\u90e8\u5206\u539f\u56e0\u662f\u2014\u2014\u90a3\u662f\u6211\u4eec\u5f53\u65f6\u770b\u5230\u7684\u7b2c\u4e00\u4e2a\u51c6\u5907\u5f97\u5f88\u5b8c\u6574\u3001\u6761\u7406\u6e05\u6670\u7684\u878d\u8d44\u65b9\u6848\u3002\u5f53\u7136\uff0c\u6211\u4eec\u662f Solana \u7684\u575a\u5b9a\u652f\u6301\u8005\u548c\u6295\u8d44\u4eba\uff0c\u8fd9\u65e0\u7591\u4e5f\u6709\u5e2e\u52a9\uff0c\u800c\u4e14\u6211\u4eec\u4e5f\u65e9\u5c31\u5728\u6295\u4e86\u3002\u6211\u4eec\u5bf9 Solana \u4e00\u76f4\u90fd\u5f88\u770b\u597d\uff0c\u4f46\u8fd9\u5e76\u4e0d\u4ee3\u8868\u6211\u4eec\u5bf9\u4ee5\u592a\u574a\u6709\u4efb\u4f55\u504f\u89c1\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4e8b\u5b9e\u4e0a\uff0c\u4ee5\u592a\u574a\u672c\u8eab\u4e5f\u662f\u6211\u4eec\u957f\u671f\u4ee5\u6765\u7684\u91cd\u8981\u6295\u8d44\u6807\u7684\u4e4b\u4e00\u3002\u53ea\u662f\u5f53\u65f6\u662f DFDV \u7684\u56e2\u961f\u6700\u5148\u51fa\u73b0\uff0c\u4ed6\u4eec\u4e5f\u660e\u786e\u8868\u793a\u60f3\u4ee5 Solana \u4e3a\u4e3b\uff0c\u56e0\u4e3a\u5f53\u65f6 Solana \u65e0\u7591\u5728\u5e02\u573a\u4e0a\u52bf\u5934\u66f4\u5f3a\u3001\u70ed\u5ea6\u66f4\u9ad8\u3002\u6240\u4ee5\u6211\u4eec\u624d\u5148\u652f\u6301\u4e86 DFDV\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4f60\u521a\u624d\u63d0\u5230\u5f97\u5f88\u5bf9\u2014\u2014\u5728\u4eca\u5e74\u56db\u6708\u548c\u4e94\u6708\u90a3\u4f1a\u513f\uff0c\u4ee5\u592a\u574a\u751f\u6001\u5176\u5b9e\u6709\u4e9b\u6c89\u5bc2\u4f4e\u8ff7\u3002\u6240\u4ee5\u5f88\u5c11\u6709\u4eba\u6709\u4fe1\u5fc3\u5728\u90a3\u65f6\u5019\u63a8\u51fa\u4ee5\u592a\u574a\u76f8\u5173\u7684\u9879\u76ee\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u76f4\u5230\u540e\u6765\u2014\u2014\u6211\u771f\u7684\u975e\u5e38\u656c\u4f69 Joe Lubin \u548c ConsenSys \u56e2\u961f\uff0c\u662f\u4ed6\u4eec\u4e3b\u52a8\u8bf4\u300c\u4e3a\u4ec0\u4e48\u4e0d\u80fd\u662f\u6211\u4eec\u6765\u505a\uff1f\u300d\u6211\u4e5f\u975e\u5e38\u8d5e\u540c\uff1a\u4e3a\u4ec0\u4e48\u4e0d\u80fd\u662f\u4ed6\u4eec\uff1f\u6240\u4ee5\u6211\u4eec\u624d\u4f1a\u4e00\u8d77\u5408\u4f5c\uff0c\u5e2e\u4ed6\u4eec\u4e00\u8d77\u6572\u5b9a\u8c01\u6765\u5f53\u6295\u884c\u3001\u8c01\u505a\u987e\u95ee\u8fd9\u4e9b\u4e8b\u60c5\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6211\u4eec\u5728\u6574\u4e2a\u8fc7\u7a0b\u4e2d\u5176\u5b9e\u53c2\u4e0e\u5f97\u76f8\u5f53\u6df1\u5165\u3002\u56e0\u4e3a\u6211\u4eec\u5f53\u65f6\u4e5f\u89c9\u5f97\uff1a\u65e2\u7136\u5df2\u7ecf\u6709 Solana \u8d22\u5e93\u516c\u53f8\u4e86\uff0c\u662f\u65f6\u5019\u4e5f\u8be5\u6709\u4e00\u5bb6\u4ee5\u592a\u574a\u8d22\u5e93\u516c\u53f8\u4e86\u3002\u8fd9\u5e76\u4e0d\u662f\u6211\u4eec\u504f\u5411\u8c01\u7684\u95ee\u9898\u3002\u53ea\u662f\u5e02\u573a\u7684\u53cd\u5e94\u975e\u5e38\u660e\u663e\u5730\u503e\u5411\u4e86\u4ee5\u592a\u574a\u3002\u56e0\u4e3a\u5728\u4e3b\u6d41\u7528\u6237\u548c\u4f20\u7edf\u91d1\u878d\u673a\u6784\u773c\u4e2d\uff0c\u4ee5\u592a\u574a\u7684\u77e5\u540d\u5ea6\u786e\u5b9e\u6bd4 Solana \u9ad8\u5f88\u591a\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u518d\u52a0\u4e0a Circle \u4e0a\u5e02\u7684\u6d88\u606f\uff0c\u6211\u8ba4\u4e3a\u6781\u5927\u52a0\u901f\u4e86\u6574\u4e2a\u8282\u594f\u3002\u56e0\u4e3a\u5728\u5927\u591a\u6570\u4eba\u5fc3\u4e2d\uff0c\u4ee5\u592a\u574a\u548c\u7a33\u5b9a\u5e01\u4e4b\u95f4\u7684\u5173\u8054\u6027\u8fdc\u8fdc\u5f3a\u4e8e Solana\u3002\u800c Circle \u5728\u516c\u5f00\u5e02\u573a\u7684\u6210\u529f\u4e5f\u88ab\u770b\u4f5c\u662f\u4e00\u4e2a\u660e\u786e\u4fe1\u53f7\uff0c\u8fd9\u624d\u662f\u8ba9\u4ee5\u592a\u574a\u8d22\u5e93\u70ed\u6f6e\u6bd4 Solana \u66f4\u5feb\u542f\u52a8\u3001\u4e5f\u66f4\u731b\u70c8\u7684\u771f\u6b63\u539f\u56e0\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u800c\u4e4b\u540e\u7684\u7206\u53d1\u5c31\u987a\u52bf\u800c\u6765\u4e86\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u4f46\u4f60\u4e5f\u66fe\u5728\u6b64\u524d\u91c7\u8bbf\u4e2d\u63d0\u5230\u8fc7\uff0c\u673a\u6784\u548c LP \u5176\u5b9e\u5bf9 Solana \u7684\u5174\u8da3\u6bd4\u5bf9\u4ee5\u592a\u574a\u8fd8\u8981\u5927\u3002<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u89c9\u5f97\u662f\u8fd9\u6837\u7684\uff0c\u5e02\u573a\u672c\u8eab\u5c31\u975e\u5e38\u52a8\u6001\uff0c\u800c\u6700\u8fd1\u53d1\u751f\u7684\u300c\u7a33\u5b9a\u5e01\u65f6\u523b\u300d\u4e5f\u786e\u5b9e\u8ba9\u6574\u4e2a\u5173\u4e8e\u300c\u5341\u5927\u8d44\u4ea7\u300d\u7684\u8ba8\u8bba\u5feb\u901f\u8f6c\u5411\u4e86\u3002\u6240\u4ee5\u786e\u5b9e\uff0c\u5728\u4e00\u4e24\u5e74\u524d\uff0c\u6211\u4eec\u4ece\u673a\u6784\u6295\u8d44\u4eba\u90a3\u91cc\u6536\u5230\u6700\u591a\u7684\u95ee\u9898\uff0c\u57fa\u672c\u4e0a\u90fd\u662f\u5173\u4e8e Solana \u7684\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4f46\u5982\u679c\u6211\u4eec\u770b\u4eca\u5929\u7684\u60c5\u51b5\uff0c\u73b0\u5b9e\u662f\u2014\u2014\u54ea\u6015\u5728\u80a1\u7968\u5e02\u573a\uff0c\u5927\u591a\u6570\u53c2\u4e0e\u8005\u5176\u5b9e\u90fd\u662f\u4e2a\u4eba\uff0c\u800c\u975e\u673a\u6784\u3002\u800c\u4e14\u8d22\u5bcc\u7684\u4e3b\u4f53\u5176\u5b9e\u4e5f\u638c\u63e1\u5728\u4e2a\u4eba\u624b\u4e2d\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u5728\u4e3b\u6d41\u5927\u4f17\u4e2d\uff0c\u4ee5\u592a\u574a\u7684\u77e5\u540d\u5ea6\u65e0\u7591\u6bd4 Solana \u8981\u9ad8\u5f97\u591a\u3002\u6240\u4ee5\u6211\u8ba4\u4e3a\uff0c\u8fd9\u5c31\u662f\u4e3a\u4ec0\u4e48\u6211\u4eec\u73b0\u5728\u770b\u5230\u4ee5\u592a\u574a\u8d22\u5e93\u516c\u53f8\u5728\u516c\u5f00\u5e02\u573a\u4e0a\u4f1a\u53d6\u5f97\u66f4\u5927\u6210\u529f\u7684\u539f\u56e0\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u5982\u679c\u7a0d\u5fae\u4ece\u6574\u4f53\u62c9\u8fdc\u6765\u770b\uff0c\u73b0\u5728\u5176\u5b9e\u662f\u7f8e\u56fd\u80a1\u7968\u5e02\u573a\u5bf9\u4e8e\u300c\u52a0\u5bc6\u8d44\u4ea7\u655e\u53e3\u300d\u4e00\u4e2a\u975e\u5e38\u91cd\u8981\u7684\u65f6\u523b\u3002\u6240\u4ee5\u53ea\u8981\u6cbe\u4e0a\u300c\u52a0\u5bc6\u8d44\u4ea7\u300d\u7684\u516c\u53f8\uff0c\u6700\u8fd1\u8868\u73b0\u90fd\u975e\u5e38\u597d\u3002\u800c\u8fd9\u4e9b\u300c\u6570\u5b57\u8d44\u4ea7\u8d22\u5e93\u516c\u53f8\u300d\u4e5f\u53ea\u662f\u5176\u4e2d\u4e00\u4e2a\u7ec4\u6210\u90e8\u5206\u800c\u5df2\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4f60\u770b\u50cf Coinbase\u3001Robinhood\uff0c\u4eca\u5e74\u80a1\u4ef7\u5927\u6da8\uff0c\u5f88\u5927\u7a0b\u5ea6\u4e0a\u5c31\u662f\u56e0\u4e3a\u5b83\u4eec\u6709\u52a0\u5bc6\u8d44\u4ea7\u7684\u655e\u53e3\u3002\u5982\u679c\u4f60\u770b Circle \u7684 IPO\uff0c\u6216\u8005 Etoro \u7684 IPO\uff0c\u4e43\u81f3\u4eca\u5e74\u5f88\u591a\u5176\u4ed6 IPO \u7684\u6210\u529f\uff0c\u672c\u8d28\u4e0a\u4e5f\u662f\u56e0\u4e3a\u5b83\u4eec\u5177\u5907\u52a0\u5bc6\u76f8\u5173\u7684\u8d44\u4ea7\u655e\u53e3\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6211\u8ba4\u4e3a\u771f\u6b63\u7684\u4e00\u4e2a\u5927\u50ac\u5316\u5242\uff0c\u662f Coinbase \u88ab\u7eb3\u5165\u4e86\u6807\u666e 500 \u6307\u6570\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6211\u89c9\u5f97\u5f88\u591a\u4eba\u5176\u5b9e\u6ca1\u6709\u771f\u6b63\u610f\u8bc6\u5230\u8fd9\u4ef6\u4e8b\u6709\u591a\u91cd\u8981\u2014\u2014\u5b83\u7684\u5f71\u54cd\u88ab\u8fdc\u8fdc\u4f4e\u4f30\u4e86\u3002\u56e0\u4e3a\u6807\u666e 500 \u662f\u5168\u7403\u6240\u6709\u57fa\u91d1\u7ecf\u7406\u7684\u57fa\u51c6\u6307\u6570\uff0c\u800c\u5728 Coinbase \u52a0\u5165\u4e4b\u524d\uff0c\u8fd9\u4e2a\u6307\u6570\u91cc\u5b8c\u5168\u6ca1\u6709\u4efb\u4f55\u52a0\u5bc6\u76f8\u5173\u6210\u5206\u3002\u4f46\u5728\u5b83\u88ab\u7eb3\u5165\u4e4b\u540e\uff0c\u5168\u7403\u6240\u6709\u4ece\u4e8b\u91d1\u878d\u5de5\u4f5c\u7684\u4eba\uff0c\u90fd\u5fc5\u987b\u5728\u804c\u4e1a\u751f\u6daf\u4e2d\u7b2c\u4e00\u6b21\u628a\u52a0\u5bc6\u7eb3\u5165\u8003\u91cf\u6307\u6807\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u8fd9\u610f\u5473\u7740\u51e0\u4e4e\u6240\u6709\u4eba\u3001\u6240\u6709\u4e13\u4e1a\u6295\u8d44\u8005\uff0c\u90fd\u5fc5\u987b\u5f00\u59cb\u8003\u8651\u2014\u2014\u4ed6\u4eec\u5bf9\u52a0\u5bc6\u8d44\u4ea7\u662f\u8d85\u914d\u3001\u4f4e\u914d\u8fd8\u662f\u7b49\u6743\u3002\u800c\u8fd9\u4e2a\u95ee\u9898\uff0c\u662f\u56e0\u4e3a\u4eca\u5e74\u56db\u6708 Coinbase \u52a0\u5165\u6807\u666e 500 \u624d\u771f\u6b63\u300c\u5408\u6cd5\u5316\u300d\u7684\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u8fd9\u624d\u662f\u6700\u8fd1\u6240\u6709\u4eba\u7a81\u7136\u5f00\u59cb\u5173\u6ce8\u8fd9\u4e2a\u8d5b\u9053\u7684\u4e00\u4e2a\u5173\u952e\u9a71\u52a8\u56e0\u7d20\u3002<\/span><\/p>\n<h1><strong>&nbsp;<\/strong><\/h1>\n<h1><strong>\u77ed\u6682\u7684\u7a97\u53e3\u671f<\/strong><\/h1>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u6211\u4eec\u6ce8\u610f\u5230\uff0c\u4f60\u4eec\u7684\u7b2c\u4e00\u7b14\u6295\u8d44\u662f BitMine\u3002\u4e4b\u524d Pantera \u5176\u5b9e\u5df2\u7ecf\u6295\u8fc7\u53e6\u4e00\u5bb6\u4ee5\u592a\u574a\u91d1\u5e93\u516c\u53f8 SharpLink\uff0c\u770b\u8d77\u6765\u8fd9\u4e24\u5bb6\u662f\u76f4\u63a5\u7ade\u4e89\u5bf9\u624b\u3002\u4e3a\u4ec0\u4e48\u8fd8\u8981\u6295 BitMine\uff1f\u8fd9\u80cc\u540e\u6709\u4ec0\u4e48\u5224\u65ad\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u4eec\u786e\u5b9e\u8ba4\u4e3a\uff0c\u8fd9\u4e24\u5bb6\u516c\u53f8\u5b58\u5728\u7ade\u4e89\u5173\u7cfb\u3002\u4f46\u8bf4\u5230\u5e95\uff0c\u8fd9\u6b63\u662f\u6211\u4eec\u5f53\u524d\u770b\u597d\u8fd9\u4e2a\u8d5b\u9053\u7684\u539f\u56e0\u4e4b\u4e00\u3002\u6211\u7684\u5224\u65ad\u662f\uff0c\u8fd9\u4e2a\u9886\u57df\u672a\u6765\u4e09\u5230\u4e94\u5e74\u5185\u4e00\u5b9a\u4f1a\u7ecf\u5386\u6574\u5408\u3002\u5c24\u5176\u662f\u5728\u6bd4\u7279\u5e01\u3001\u4ee5\u592a\u574a\u548c Solana \u7b49\u5927\u578b\u8d44\u4ea7\u4e4b\u95f4\uff0c\u6700\u7ec8\u771f\u6b63\u8dd1\u51fa\u6765\u7684 DAT \u516c\u53f8\uff0c\u53ef\u80fd\u4e5f\u5c31\u4e24\u5230\u4e09\u5bb6\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u4e3a\u4ec0\u4e48\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u56e0\u4e3a\u8fd9\u4e2a\u8d5b\u9053\u672c\u8d28\u4e0a\u5c5e\u4e8e\u300c\u51c6\u5546\u54c1\u7c7b\u4e1a\u52a1\u300d\uff08commodity business\uff09\u3002\u5b83\u6700\u5927\u7684\u300c\u62a4\u57ce\u6cb3\u300d\u662f\u8d44\u672c\uff0c\u800c\u8d44\u672c\u5176\u5b9e\u5e76\u4e0d\u662f\u62a4\u57ce\u6cb3\u3002\u901a\u5e38\u8fd9\u7c7b\u884c\u4e1a\u7684\u53d1\u5c55\u8d8b\u52bf\u662f\uff1a\u5728\u51c6\u5546\u54c1\u884c\u4e1a\u4e2d\uff0c\u5b83\u4eec\u901a\u5e38\u4e0d\u4f1a\u5f62\u6210\u5784\u65ad\uff0c\u4f46\u4f1a\u5f62\u6210\u5be1\u5934\u683c\u5c40\uff0c\u56e0\u4e3a\u8fd9\u7c7b\u884c\u4e1a\u6bd4\u62fc\u7684\u662f\u6210\u672c\u6548\u7387\u2014\u2014\u8c01\u80fd\u4ee5\u66f4\u4f4e\u6210\u672c\u751f\u4ea7\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\u6211\u8ba4\u4e3a\uff0c\u672a\u6765\u4f1a\u7ecf\u5386\u6574\u5408\u8fc7\u7a0b\uff0c\u6700\u7ec8\u4e5f\u5c31\u5269\u4e0b\u4e24\u4e09\u5bb6\u771f\u6b63\u7684\u8d62\u5bb6\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u90a3\u5728\u4f60\u4eec\u770b\u6765\uff0c\u73b0\u5728\u8fd8\u4e0d\u662f\u8d62\u5bb6\u901a\u5403\u7684\u65f6\u5019\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u8fd8\u8fdc\u8fdc\u4e0d\u662f\uff0c\u6211\u4eec\u73b0\u5728\u6b63\u5904\u5728\u8fd9\u573a\u300c\u5927\u7206\u70b8\u300d\u7684\u8d77\u70b9\uff0c\u4e00\u4e2a\u5168\u65b0\u516c\u53f8\u7c7b\u578b\u7684\u8bde\u751f\u521d\u671f\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u76ee\u524d\u8c01\u4f1a\u6700\u7ec8\u80dc\u51fa\uff0c\u8fd8\u5b8c\u5168\u662f\u672a\u77e5\u6570\u3002\u56e0\u4e3a\u73b0\u5728\u6709\u592a\u591a\u4f18\u79c0\u3001\u6709\u8da3\u7684\u56e2\u961f\u548c\u5f88\u591a\u6709\u624d\u534e\u7684\u4eba\u5728\u8ffd\u9010\u8fd9\u4e2a\u65b9\u5411\uff0c\u800c\u4e14\u8def\u5f84\u5404\u6709\u4e0d\u540c\u3002\u6240\u4ee5\u5728\u8fd9\u4e2a\u8d77\u6b65\u9636\u6bb5\uff0c\u6211\u4eec\u6240\u505a\u7684\uff0c\u662f\u5c3d\u65e9\u4e0b\u6ce8\u90a3\u4e9b\u6211\u4eec\u8ba4\u4e3a\u5177\u5907\u9ad8\u8d28\u91cf\u3001\u9ad8\u6f5c\u529b\u7684\u56e2\u961f\uff0c\u4ed6\u4eec\u6709\u53ef\u80fd\u6210\u4e3a\u672a\u6765\u90a3\u300c\u4e24\u4e09\u5bb6\u300d\u4e4b\u4e00\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u90a3\u300c\u751f\u5b58\u7387\u300d\u5462\uff1f\u6bd4\u5982\u8bf4\u5341\u5bb6 DAT \u516c\u53f8\u91cc\uff0c\u80fd\u6d3b\u4e0b\u6765\u7684\u6709\u51e0\u5bb6\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u8ba4\u4e3a\uff0c\u6700\u7ec8\u80fd\u6d3b\u4e0b\u6765\u7684\uff0c\u5927\u6982\u7387\u4f1a\u662f\u90a3\u4e9b\u5e02\u503c\u5f88\u5927\u7684\u9879\u76ee\u3002\u6211\u4eec\u4e0d\u59a8\u56de\u5230\u6700\u6838\u5fc3\u7684\u95ee\u9898\u2014\u2014\u4e00\u5bb6\u516c\u53f8\u8981\u60f3\u5728 DAT\uff08\u6570\u5b57\u8d44\u4ea7\u8d22\u5e93\uff09\u9886\u57df\u53d6\u5f97\u6210\u529f\uff0c\u5173\u952e\u5c31\u662f\uff1a\u89c4\u6a21\u5316\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4f60\u81f3\u5c11\u8981\u5b9e\u73b0\u5341\u4ebf\u3001\u751a\u81f3\u4e8c\u5341\u4ebf\u7f8e\u5143\u7684\u6d41\u901a\u5e02\u503c\uff0c\u624d\u80fd\u771f\u6b63\u5177\u5907\u57fa\u672c\u7684\u53ef\u6301\u7eed\u6027\u3002\u800c\u4e14\uff0c\u7b49\u4f60\u8fbe\u5230\u8fd9\u4e2a\u89c4\u6a21\u4e4b\u540e\uff0c\u8fd8\u5f97\u6301\u7eed\u5236\u9020\u5e02\u573a\u5173\u6ce8\u548c\u70ed\u5ea6\u3002\u56e0\u4e3a\u53ea\u6709\u8fd9\u6837\uff0c\u4f60\u7684\u300c\u98de\u8f6e\u6548\u5e94\u300d\u624d\u4e0d\u4f1a\u505c\u4e0b\u6765\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4f46\u73b0\u5b9e\u662f\uff0c\u80fd\u652f\u6491\u8d77\u4e00\u4e2a\u5341\u4ebf\u7f8e\u5143\u7ea7\u4e0a\u5e02\u516c\u53f8\u7684\u4ee3\u5e01\uff0c\u6570\u91cf\u662f\u6781\u5176\u6709\u9650\u7684\u3002\u4f60\u968f\u4fbf\u4e0a CoinMarketCap \u4e00\u770b\uff0c\u6d41\u901a\u5e02\u503c\u8d85\u8fc7 50 \u4ebf\u7f8e\u5143\u7684\u4ee3\u5e01\uff0c\u4e5f\u5c31 15 \u4e2a\u5de6\u53f3\u3002\u5982\u679c\u4f60\u7684\u4ee3\u5e01\u5e02\u503c\u4f4e\u4e8e\u8fd9\u4e2a\u6807\u51c6\uff0c\u90a3\u60f3\u505a\u4e00\u4e2a\u5341\u4ebf\u7f8e\u5143\u7ea7\u7684\u4e0a\u5e02\u516c\u53f8\u4f1a\u975e\u5e38\u96be\uff0c\u867d\u7136\u4e0d\u80fd\u8bf4\u4e0d\u53ef\u80fd\uff0c\u4f46\u771f\u7684\u5f88\u96be\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u5c24\u5176\u662f\u957f\u5c3e\u8d44\u4ea7\uff0c\u53ef\u80fd\u8fde\u4e00\u5bb6\u90fd\u6d3b\u4e0d\u4e0b\u6765\u3002\u6211\u4eec\u5224\u65ad\uff0c\u771f\u6b63\u80fd\u6d3b\u4e0b\u6765\u7684 DAT\uff0c\u516c\u53f8\u6700\u7ec8\u4f1a\u96c6\u4e2d\u5728\u6bd4\u7279\u5e01\u3001\u4ee5\u592a\u574a\u3001Solana \u8fd9\u51e0\u4e2a\u5927\u8d44\u4ea7\u4e0a\uff0c\u6bcf\u6761\u94fe\u53ef\u80fd\u4e5f\u5c31\u4e24\u4e09\u5bb6\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u5728\u6211\u8fc7\u53bb\u7684\u804c\u4e1a\u7ecf\u9a8c\u4e2d\uff0c\u65e0\u8bba\u662f\u5927\u5b97\u5546\u54c1\u884c\u4e1a\u8fd8\u662f\u5176\u4ed6\u4e0d\u592a\u900f\u660e\u7684\u884c\u4e1a\uff0c\u6700\u7ec8\u90fd\u4f1a\u5f62\u6210\u300c\u4e24\u4e09\u5bb6\u5934\u90e8 + \u4e00\u70b9\u70b9\u957f\u5c3e\u300d\u7684\u683c\u5c40\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6211\u89c9\u5f97 DAT \u8d5b\u9053\u7684\u672a\u6765\uff0c\u4e5f\u5927\u6982\u7387\u4f1a\u7167\u8fd9\u4e2a\u903b\u8f91\u53d1\u5c55\u3002\u8fc7\u53bb\u4e09\u4e2a\u6708\u6211\u770b\u4e86 90 \u5230 100 \u4e2a\u9879\u76ee\uff0c\u4f46\u4e0d\u53ef\u80fd\u6709 100 \u5bb6\u80fd\u6d3b\u4e0b\u6765\u3002\u6211\u4eec\u771f\u6b63\u6295\u4e0b\u53bb\u7684\uff0c\u53ea\u662f\u5176\u4e2d\u6781\u5c0f\u7684\u4e00\u90e8\u5206\uff0c\u56e0\u4e3a\u6211\u4eec\u5e0c\u671b\u628a\u6807\u51c6\u5b9a\u5f97\u8db3\u591f\u9ad8\uff0c\u53ea\u6295\u6700\u53ef\u80fd\u6210\u4e3a\u672a\u6765\u8d62\u5bb6\u7684\u9879\u76ee\u3002\u8fd9\uff0c\u5927\u6982\u5c31\u662f\u8fd9\u4e2a\u8d5b\u9053\u672a\u6765\u7684\u6574\u4f53\u8d70\u52bf\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><img decoding=\"async\" alt=\"Digital Asset Treasuries\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/26\/1756190949861836.jpg\"><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u4f60\u548c Tom Lee \u4e4b\u524d\u90fd\u63d0\u5230\u8fc7\u5728\u5e02\u573a\u4e0b\u884c\u5468\u671f\u4e2d\uff0c\u4f1a\u6709\u4e00\u4e9b\u300c\u6574\u5408\u300d\u7684\u8d8b\u52bf\uff0c\u4f1a\u4fc3\u4f7f\u66f4\u591a DAT \u516c\u53f8\u4e4b\u95f4\u7684\u5e76\u8d2d\u884c\u4e3a\u53d1\u751f\u3002\u4f46\u4f60\u4eec\u4f3c\u4e4e\u5728\u8fd9\u4ef6\u4e8b\u4e0a\u610f\u89c1\u4e0d\u5b8c\u5168\u4e00\u81f4\uff0c\u4f60\u662f\u4e0d\u662f\u4e0d\u592a\u8ba4\u540c\u8fd9\u79cd\u300c\u8d70\u5e76\u8d2d\u8def\u7ebf\u300d\u7684\u65b9\u5f0f\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u6765\u6f84\u6e05\u4e00\u4e0b\uff0c\u5176\u5b9e\u6211\u4eec\u5b8c\u5168\u540c\u610f Tom \u7684\u8bf4\u6cd5\u3002\u8fd9\u5176\u5b9e\u662f\u6211\u548c\u6211\u4eec\u5f88\u591a\u6570\u5b57\u8d44\u4ea7\u8d22\u5e93\u516c\u53f8\u56e2\u961f\u53cd\u590d\u8ba8\u8bba\u8fc7\u7684\u4e00\u4e2a\u60f3\u6cd5\uff0c\u6216\u8005\u8bf4\uff0c\u662f\u6211\u4e00\u76f4\u5728\u601d\u8003\u7684\u95ee\u9898\u3002\u56e0\u4e3a\u6211\u6765\u81ea\u4f20\u7edf\u91d1\u878d\u9886\u57df\uff0c\u6211\u5f88\u6e05\u695a\u6709\u54ea\u4e9b\u91d1\u878d\u5de5\u5177\u53ef\u4ee5\u64cd\u4f5c\u3002\u6240\u4ee5\u6211\u5c31\u4f1a\u89c9\u5f97\uff0c\u5e76\u8d2d\u5728\u8fd9\u4e2a\u9886\u57df\u662f\u975e\u5e38\u6709\u9053\u7406\u7684\u4e00\u4ef6\u4e8b\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6211\u771f\u6b63\u60f3\u8bf4\u7684\u662f\uff0c\u5982\u679c\u4e00\u5bb6\u516c\u53f8\u7684\u80a1\u4ef7\u4f4e\u4e8e\u5176\u51c0\u8d44\u4ea7\uff081 \u500d NAV\uff09\uff0c\u6211\u8ba4\u4e3a\u8fd9\u6837\u7684\u516c\u53f8\u4f1a\u505a\u51fa\u6b63\u786e\u7684\u9009\u62e9\uff1a\u8981\u4e48\u56de\u8d2d\u80a1\u7968\uff0c\u8981\u4e48\u5bfb\u6c42\u88ab\u6536\u8d2d\u3002\u800c\u4e0d\u662f\u5c31\u8fd9\u6837\u7ef4\u6301\u5728\u4f4e\u4e8e\u51c0\u8d44\u4ea7\u7684\u4f4d\u7f6e\uff0c\u4e00\u8fb9\u9886\u7740\u7ba1\u7406\u5c42\u5de5\u8d44\uff0c\u4e00\u8fb9\u8fd8\u60f3\u7740\u641e\u4ec0\u4e48\u300c\u5e1d\u56fd\u6269\u5f20\u300d\uff0c\u5bf9\u5427\uff1f<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\u53ea\u8981\u8dcc\u7834\u51c0\u8d44\u4ea7\u4f30\u503c\uff0c\u6211\u9884\u671f\u8fd9\u4e9b\u516c\u53f8\u4f1a\u6210\u4e3a\u300c\u613f\u610f\u51fa\u552e\u7684\u4e00\u65b9\u300d\u3002\u5f53\u7136\uff0c\u5b9e\u9645\u600e\u4e48\u53d1\u5c55\u8fd8\u6709\u5f85\u89c2\u5bdf\uff0c\u4f46\u6211\u7684\u5224\u65ad\u662f\u8fd9\u6837\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u56e0\u6b64\u6211\u786e\u5b9e\u8ba4\u4e3a\uff0c\u4e00\u65e6\u8fdb\u5165\u4e0b\u884c\u5468\u671f\uff0c\u5c31\u50cf\u6211\u524d\u9762\u8bf4\u7684\uff0c\u8fd9\u662f\u4e00\u4e2a\u76f8\u5bf9\u300c\u540c\u8d28\u5316\u300d\u7684\u8d5b\u9053\uff0c\u552f\u6709\u89c4\u6a21\u624d\u80fd\u80dc\u51fa\u3002\u6240\u4ee5\uff0c\u90a3\u4e9b\u6ca1\u6cd5\u505a\u5927\u3001\u6ca1\u6cd5\u5b9e\u73b0\u89c4\u6a21\u6548\u5e94\u7684\u5c0f\u516c\u53f8\uff0c\u4e00\u65e6\u5e02\u573a\u56de\u8c03\uff0c\u5b83\u4eec\u7684\u80a1\u4ef7\u5927\u6982\u7387\u4f1a\u8868\u73b0\u4e0d\u4f73\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u800c\u5728\u8fd9\u79cd\u65f6\u5019\uff0c\u90a3\u4e9b\u66f4\u5927\u3001\u66f4\u6210\u719f\u3001\u8fd8\u80fd\u7ef4\u6301\u6ea2\u4ef7\u4ea4\u6613\u7684\u516c\u53f8\uff0c\u53bb\u4ee5 1 \u500d\u6216\u4f4e\u4e8e 1 \u500d\u51c0\u8d44\u4ea7\u7684\u4ef7\u683c\u6536\u8d2d\u5176\u4ed6\u516c\u53f8\uff0c\u5c06\u662f\u975e\u5e38\u6709\u589e\u503c\u6548\u679c\u7684\u4e8b\u60c5\u3002\u8fd9\u6bd4\u5728\u516c\u5f00\u5e02\u573a\u4e0a\u76f4\u63a5\u4e70\u8d44\u4ea7\u8981\u5212\u7b97\u591a\u4e86\uff0c\u5bf9\u5427\uff1f<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\u6211\u89c9\u5f97\u8fd9\u975e\u5e38\u5408\u7406\uff0c\u800c\u4e14\u6211\u4e5f\u5b8c\u5168\u9884\u671f\u8fd9\u4f1a\u53d1\u751f\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u90a3\u4e48\u4ec0\u4e48\u6837\u7684 DAT \u516c\u53f8\u80fd\u6d3b\u4e0b\u6765\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u662f\u7684\uff0c\u8bf4\u5230\u5e95\uff0c\u8fd9\u4e00\u5207\u90fd\u53d6\u51b3\u4e8e\u300c\u6267\u884c\u529b\u300d\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4f60\u770b\uff0c\u7f8e\u56fd\u7684\u80a1\u6743\u8d44\u672c\u5e02\u573a\uff0c\u672c\u8eab\u5c31\u975e\u5e38\u6df1\u539a\u3001\u975e\u5e38\u5e7f\u9614\uff0c\u5bf9\u5427\uff1f\u6240\u4ee5\u53ea\u8981\u516c\u53f8\u8db3\u591f\u4f18\u8d28\uff0c\u5e02\u573a\u4e2d\u662f\u6709\u5927\u91cf\u6210\u4ea4\u91cf\u53ef\u4ee5\u627f\u63a5\u7684\u3002\u56e0\u6b64\uff0c\u5982\u679c\u5f88\u591a\u52a0\u5bc6\u8d22\u5e93\u516c\u53f8\uff08DAT\uff09\u80fd\u505a\u5230\u975e\u5e38\u9ad8\u7684\u4ea4\u6613\u91cf\uff0c\u6211\u4e00\u70b9\u4e5f\u4e0d\u4f1a\u610f\u5916\uff0c\u6b63\u5982\u4f60\u521a\u624d\u6240\u8bf4\uff0c\u8fd9\u5bf9\u4e8e\u63d0\u5347\u4f30\u503c\u6ea2\u4ef7\u3001\u589e\u5f3a\u878d\u8d44\u80fd\u529b\u81f3\u5173\u91cd\u8981\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u5f53\u7136\u8fd9\u4e5f\u4f34\u968f\u7740\u6ce2\u52a8\u6027\u2014\u2014\u4f46\u5f88\u660e\u663e\uff0c\u6838\u5fc3\u8fd8\u662f\u770b\u6267\u884c\u529b\u3002\u8fd9\u5c31\u662f\u4e3a\u4ec0\u4e48\u4f60\u4f1a\u770b\u5230\uff0c\u4e0d\u540c DAT \u516c\u53f8\u4e4b\u95f4\u7684\u4ea4\u6613\u91cf\u5dee\u5f02\u975e\u5e38\u5927\u3002\u5f52\u6839\u7ed3\u5e95\uff0c\u5c31\u5728\u4e8e\u5b83\u4eec\u7684\u6267\u884c\u80fd\u529b\u2014\u2014\u65e0\u8bba\u662f\u5e02\u573a\u5ba3\u4f20\u5c42\u9762\uff0c\u8fd8\u662f\u8d44\u672c\u8fd0\u4f5c\u5c42\u9762\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u5728\u5c3d\u8c03\u9636\u6bb5\uff0cPantera \u4f1a\u4ece\u54ea\u4e9b\u5173\u952e\u70b9\u53bb\u8bc4\u4f30\u56e2\u961f\u7684\u53ef\u6295\u6027\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u6211\u4eec\u4e3b\u8981\u770b\u51e0\u4e2a\u6838\u5fc3\u7ef4\u5ea6\uff1a<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u7b2c\u4e00\uff0c\u5e95\u5c42\u8d44\u4ea7\u662f\u54ea\u79cd\u4ee3\u5e01\uff1f\u6211\u4eec\u662f\u5426\u771f\u7684\u5bf9\u5b83\u6709\u6df1\u523b\u7684\u8ba4\u77e5\u548c\u4fe1\u5fc3\uff1f<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6211\u4eec\u4e4b\u6240\u4ee5\u4e0b\u6ce8\u8fd9\u4e9b\u9879\u76ee\uff0c\u6839\u672c\u539f\u56e0\u5e76\u4e0d\u662f\u628a\u5b83\u4eec\u5f53\u4f5c\u4e00\u7b14\u77ed\u671f\u4ea4\u6613\uff0c\u800c\u662f\u505a\u771f\u6b63\u7684\u957f\u671f\u6295\u8d44\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u56e0\u6b64\uff0c\u53ea\u6709\u5f53\u4e00\u4e2a\u52a0\u5bc6\u8d22\u5e93\u516c\u53f8\uff08DAT\uff09\u7684\u5e95\u5c42\u4ee3\u5e01\u662f\u6211\u4eec\u771f\u6b63\u770b\u597d\u7684\uff0c\u6211\u4eec\u624d\u4f1a\u51fa\u624b\u3002\u6211\u4eec\u4f1a\u82b1\u5927\u91cf\u7cbe\u529b\u53bb\u7814\u7a76\u8fd9\u4e9b\u4ee3\u5e01\uff0c\u8fd9\u4e5f\u662f\u6211\u4eec\u5de5\u4f5c\u7684\u6838\u5fc3\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u7b2c\u4e8c\uff0c\u9879\u76ee\u7684\u673a\u4f1a\u6216\u8005\u5957\u5229\u7a7a\u95f4\u662f\u5426\u6e05\u6670\uff1f\u6709\u6ca1\u6709\u7279\u522b\u7684\u7a0e\u52a1\u5957\u5229\u7a7a\u95f4\uff1f<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6bd4\u5982\u50cf MetaPlanet \u5728\u65e5\u672c\u5e02\u573a\u5c31\u6709\u975e\u5e38\u660e\u786e\u7684\u7a0e\u52a1\u5957\u5229\u903b\u8f91\u3002\u90a3\u4e48\uff0c\u5728\u7f8e\u56fd\u662f\u5426\u4e5f\u5b58\u5728\u67d0\u79cd\u300c\u51c6\u5165\u5957\u5229\u300d\u673a\u4f1a\uff0c\u6bd4\u5982 Hyperliquid \u8fd9\u79cd\u9879\u76ee\uff0c\u7f8e\u56fd\u6295\u8d44\u8005\u65e0\u6cd5\u56de\u8d2d\uff0c\u5c31\u5b58\u5728\u5957\u5229\u53ef\u80fd\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\u6211\u4eec\u4f1a\u95ee\u81ea\u5df1\uff1a\u8fd9\u4e2a\u9879\u76ee\u662f\u4e0d\u662f\u5177\u5907\u67d0\u79cd\u6709\u8da3\u7684\u673a\u5236\uff0c\u4f7f\u5176\u5177\u5907\u72ec\u7279\u6027\uff0c\u5e76\u7531\u6b64\u5e26\u6765\u8d85\u989d\u9700\u6c42\uff1f<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u7b2c\u4e09\uff0c\u662f\u8fd9\u4e2a\u9879\u76ee\u5728\u5e02\u573a\u4e0a\u7684\u7ade\u4e89\u683c\u5c40\u5982\u4f55\uff1f<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6211\u4eec\u6709\u4e00\u5f20\u975e\u5e38\u5e9e\u5927\u7684\u5bf9\u6807\u8868\uff08comps table\uff09\uff0c\u5217\u51fa\u4e86\u76ee\u524d\u6240\u6709\u5df2\u53d1\u884c\u7684\u52a0\u5bc6\u8d22\u5e93\u516c\u53f8\uff0c\u5305\u62ec\u5b83\u4eec\u7684\u4ee3\u5e01\u3001\u53d1\u884c\u65b9\u5f0f\u3001\u5e02\u503c\u7b49\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u56e0\u6b64\uff0c\u6211\u4eec\u5bf9\u6574\u4e2a\u5e02\u573a\u7684\u7ade\u4e89\u6001\u52bf\u6709\u975e\u5e38\u6e05\u6670\u7684\u7406\u89e3\u3002\u90a3\u4e48\uff0c\u8fd9\u4e2a\u65b0\u56e2\u961f\u5728\u8fd9\u4e2a\u683c\u5c40\u4e2d\u5904\u4e8e\u54ea\u4e2a\u4f4d\u7f6e\uff1f\u4ed6\u4eec\u6253\u7b97\u4f20\u9012\u7ed9\u5e02\u573a\u7684\u5dee\u5f02\u5316\u4fe1\u606f\u662f\u4ec0\u4e48\uff1f<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u5f53\u7136\uff0c\u8fd8\u6709\u7ba1\u7406\u56e2\u961f\u672c\u8eab\uff0c\u8fd9\u4e00\u70b9\u540c\u6837\u5173\u952e\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u4ed6\u4eec\u662f\u5426\u6709\u8db3\u591f\u7684\u516c\u4fe1\u529b\u4e0e\u8868\u8fbe\u80fd\u529b\uff0c\u80fd\u591f\u628a\u8fd9\u4e2a\u53d9\u4e8b\u8bb2\u51fa\u53bb\uff0c\u5e76\u8ba9\u4eba\u4fe1\u670d\uff1f<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u5c24\u5176\u662f\u5728\u91d1\u878d\u7ed3\u6784\u8bbe\u8ba1\u4e0a\uff0c\u4e0d\u4ec5\u662f\u8981\u5177\u5907\u76f8\u5173\u80fd\u529b\uff0c\u66f4\u91cd\u8981\u7684\u662f\uff0c\u4f60\u662f\u5426\u771f\u7684\u77e5\u9053\u600e\u4e48\u843d\u5730\u6267\u884c\uff1f\u4f60\u662f\u5426\u6709\u4e00\u6574\u5957\u53ef\u64cd\u4f5c\u7684\u6267\u884c\u8ba1\u5212\uff1f<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u5f88\u591a\u56e2\u961f\u6765\u627e\u6211\u4eec\u65f6\uff0c\u4f1a\u8bf4\uff1a\u300c\u6211\u4eec\u60f3\u52df\u8d44\u4e24\u4ebf\u7f8e\u5143\u3002\u300d\u6211\u5c31\u4f1a\u95ee\uff1a\u300c\u5f88\u597d\uff0c\u90a3\u4e4b\u540e\u5462\uff1f\u4f60\u4eec\u7684\u7b2c\u4e8c\u6b65\u662f\u4ec0\u4e48\uff1f\u300d\u4ed6\u4eec\u5f80\u5f80\u4f1a\u8bf4\uff1a\u300c\u6211\u4eec\u8fd8\u6ca1\u60f3\u597d\u3002\u300d<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u8fd9\u5bf9\u6211\u4eec\u6765\u8bf4\u662f\u5b8c\u5168\u4e0d\u53ef\u63a5\u53d7\u7684\u3002\u56e0\u4e3a\u8981\u8ba9\u8fd9\u4e9b\u9879\u76ee\u8fd0\u8f6c\u8d77\u6765\uff0c\u5173\u952e\u5e76\u4e0d\u662f\u7b2c\u4e00\u6b21\u878d\u8d44\uff0c\u7b2c\u4e00\u6b21\u878d\u8d44\u901a\u5e38\u5f88\u5bb9\u6613\uff0c\u5173\u952e\u5728\u4e8e\uff0c\u4f60\u80fd\u5426\u5b8c\u6210\u7b2c\u4e8c\u8f6e\u3001\u7b2c\u4e09\u8f6e\u7684\u878d\u8d44\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6240\u4ee5\uff0c\u6211\u4eec\u5e0c\u671b\u5bf9\u65b9\u662f\u5df2\u7ecf\u89c4\u5212\u597d\u4e86\u7b2c\u4e8c\u6b65\u3001\u7b2c\u4e09\u6b65\u3001\u7b2c\u56db\u6b65\u7684\u4eba\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u6b64\u5916\u975e\u5e38\u5173\u952e\u7684\u662f\u4ea4\u6613\u7ed3\u6784\u8bbe\u8ba1\uff0c\u5305\u62ec\u4ed6\u4eec\u5982\u4f55\u4e0a\u5e02\u3001\u6d41\u52a8\u6027\u5b89\u6392\u4e0e\u5b9a\u4ef7\u673a\u5236\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u4f60\u4eec\u7ed9\u5230\u56e2\u961f\u7684\u4e0d\u53ea\u662f\u8d44\u91d1\uff0c\u66f4\u50cf\u662f\u7cfb\u7edf\u6027\u6307\u5bfc\u3002<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u53ef\u4ee5\u8fd9\u4e48\u8bf4\u5427\u3002\u6211\u4eec\u5f88\u5e78\u8fd0\uff0c\u786e\u5b9e\u6709\u5f88\u591a\u56e2\u961f\u4f1a\u6765\u5bfb\u6c42\u6211\u4eec\u7684\u5efa\u8bae\u3002\u6211\u4eec\u7ecf\u5e38\u662f\u4ed6\u4eec\u6700\u65e9\u8054\u7cfb\u7684\u5bf9\u8c61\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u56e0\u6b64\uff0c\u6211\u4f1a\u5c3d\u53ef\u80fd\u628a\u6211\u8fd9\u6bb5\u65f6\u95f4\u79ef\u7d2f\u7684\u6240\u6709\u7ecf\u9a8c\u90fd\u5206\u4eab\u7ed9\u4ed6\u4eec\uff1a\u56e0\u4e3a\u6211\u89c1\u8fc7\u592a\u591a\u56e2\u961f\u8d77\u8d77\u843d\u843d\uff0c\u77e5\u9053\u54ea\u4e9b\u6b65\u9aa4\u6b63\u786e\uff0c\u54ea\u4e9b\u987e\u95ee\u9760\u8c31\uff0c\u4ece\u800c\u771f\u6b63\u5e2e\u52a9\u4ed6\u4eec\u8d77\u6b65\u5e76\u8d70\u7a33\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><strong>BlockBeats\uff1a\u4f60\u521a\u624d\u4e5f\u63d0\u5230\uff0c\u8fd9\u4e2a\u884c\u4e1a\u8fd8\u5904\u5728\u65e9\u671f\uff0c\u6574\u5408\u8fd8\u6ca1\u5f00\u59cb\u3002\u90a3\u4f60\u89c9\u5f97\u5927\u6982\u4ec0\u4e48\u65f6\u5019\u4f1a\u8fdb\u5165\u6574\u5408\u671f\uff1f\u6709\u6ca1\u6709\u4e00\u4e2a\u5927\u81f4\u7684\u65f6\u95f4\u70b9\uff0c\u6bd4\u5982\u8bf4\u662f\u5728\u672a\u6765\u4e24\u5230\u4e09\u5e74\u5185\uff1f<\/strong><\/p>\n<p class=\"ql-align-justify\"><span>Cosmo Jiang\uff1a\u4f60\u77e5\u9053\u7684\uff0c\u5982\u679c\u56de\u5230\u4eca\u5e74\u56db\u6708\uff0c\u5f53\u6211\u4eec\u505a DFDV\uff08Defi Dev Corp\uff09\u90a3\u4e00\u5355\u65f6\uff0c\u6211\u4ee5\u4e3a\u5c31\u300c\u505a\u4e00\u5355\u5c31\u591f\u4e86\u300d\u3002\u540e\u6765\u505a\u4e86\u7b2c\u4e8c\u5355\uff0c\u6211\u53c8\u4ee5\u4e3a\u4f1a\u300c\u505a\u4e24\u5355\u5c31\u591f\u4e86\u300d\u3002\u4f46\u73b0\u5728\u770b\u6765\uff0c\u8fd9\u5df2\u7ecf\u6f14\u53d8\u6210\u4e00\u4e2a\u66f4\u5927\u7684\u8d8b\u52bf\u4e86\u3002<\/span><\/p>\n<p class=\"ql-align-justify\"><span>\u8fd9\u4e5f\u6070\u6070\u8bf4\u660e\u4e86\u7f8e\u56fd\u8d44\u672c\u5e02\u573a\u7684\u6df1\u5ea6\uff0c\u4ee5\u53ca\u5e02\u573a\u5bf9\u52a0\u5bc6\u8d44\u4ea7\u655e\u53e3\u7684\u5de8\u5927\u9700\u6c42\u2014\u2014\u8fd9\u6b63\u662f\u6211\u4eca\u5929\u8981\u5f3a\u8c03\u7684\u3002<\/span><\/p>\n<p 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