随着比特币收益基金的推出，Coinbase希望为非美国投资者提供4-8%的稳定收益，并以比特币支付。
Coinbase推出8%比特币收益基金，面向企业投资者
为了给美国以外的投资者提供比特币的长期回报，Coinbase

随着比特币收益基金的推出，Coinbase 希望为非美国投资者提供 4-8% 的稳定收益，这些收益将以比特币支付。

**Coinbase推出8%比特币收益基金供企业投资者使用**

为了为美国以外的投资者提供比特币的长期回报，Coinbase资产管理公司即将推出一款新的机构产品。该基金于星期一宣布推出Coinbase比特币收益基金(CBYF)，计划于5月1日上线，旨在获取超过1万亿美元的比特币流动性，以提供4%到8%的年化回报。

以太坊和索拉纳是提供原生质押红利的权益证明(PoS)加密货币的例子，而比特币的工作量证明(PoW)共识没有内置的被动收入机制。

根据Coinbase的发布，投资者在使用传统技术生成比特币收入时，常常面临重大操作和投资风险。

为了应对这一点，CBYF将使用现金和持有套利技术，这涉及捕捉比特币期货市场和现货市场之间的价格差异。

该基金将特别避免高风险活动，例如系统性期权卖出和无担保比特币借贷。

**投资者必须了解的Coinbase比特币收益基金 (CBYF)**

Fillings表示，回报将以比特币形式进行，而Coinbase则指出将使用第三方保管人以降低对手方风险并保护客户持有的资产。

寻求更安全的收益生产方式而不妥协安全性或监管标准的机构将会发现这一策略非常吸引人。

由于Coinbase强调满足全球对合规比特币收益产品的需求，比特币收益基金仅对不在美国的机构投资者开放。

阿布扎比监管的财富管理平台Aspen Digital已经为该基金的种子投资做出了贡献，并将成为CBYF在亚洲和阿联酋的首个独家分销商。

长期持有者一直在寻找可持续和合法的方式来获得比特币投资的回报。Aspen Digital 的首席执行官 Elliot Andrews 表示：“我们很高兴将这个产品引入私人财富市场，因为 Coinbase 是该资产类别中最可靠的对手方，并且投资者对比特币收益有强烈的需求。”

**展望未来：Coinbase准备扩展对比特币收益市场的主导地位**

Coinbase比特币收益基金的推出是在美国股市波动和对非周期性资产需求增加之后。

根据DeFiLlama的数据，比特币 DeFi 中的总锁定价值从4月17日的37亿美元增加到写作时的59亿美元，这表明这些协议在近年来受到了显著的客户关注。

虽然比特币 DeFi 协议如 Babylon 和 Lombard 融资大多服务于散户投资者，但 Coinbase 的 CBYF 现在提供了一种符合规定的产品，以满足机构需求。

鉴于政府机构和企业投资者对结构化加密货币投资工具的需求不断增加，Coinbase 似乎准备扩大其市场领导地位，不仅限于交易和保管，还包括为国际组织提供收益生成服务。

With the launch of its Bitcoin Yield Fund, Coinbase hopes to provide non-US investors with steady yields of 4–8% that are paid out in Bitcoin.
Coinbase unveils 8% Bitcoin Yield Fund for corporate investors
In order to provide investors outside of the US with long-term returns in Bitcoin, Coinbase

With the launch of its Bitcoin Yield Fund, Coinbase hopes to provide non-US investors with steady yields of 4–8% that are paid out in Bitcoin.

**Coinbase unveils 8% Bitcoin Yield Fund for corporate investors**

In order to provide investors outside of the US with long-term returns in Bitcoin, Coinbase Asset Management is about to introduce a new institutional product. Announcing the Coinbase Bitcoin Yield Fund (CBYF) on Monday, the fund is set to launch on May 1 and seeks to access more than $1 trillion in bitcoin liquidity to provide annualized returns of 4% to 8%.

Ethereum and Solana are examples of Proof-of-Stake (PoS) cryptocurrencies that provide native staking dividends, whereas Bitcoin’s Proof-of-Work (PoW) consensus does not have a built-in mechanism for making passive income.

According to Coinbase’s release, investors are frequently exposed to substantial operational and investment risks when using conventional techniques to generate Bitcoin income.

In order to combat this, CBYF will use a cash-and-carry arbitrage technique, which involves capturing price differences between the futures and spot markets for Bitcoin.

The fund will notably steer clear of high-risk activities such as systematic options selling and unsecured bitcoin lending.

**What investors must know about Coinbase’s Bitcoin Yield Fund (CBYF)**

Fillings stated that returns will be made in bitcoin, while Coinbase pointed out that third-party custodians will be used to reduce counterparty risks and protect client holdings.

Institutions looking for safer ways to produce yield without compromising security or regulatory standards will find the strategy appealing.

Due to Coinbase’s emphasis on meeting global demand for compliant bitcoin yield products, the Bitcoin Yield Fund is only accessible to institutional investors that are not based in the United States.

Aspen Digital, an Abu Dhabi-regulated wealth management platform, has already contributed to the fund’s seeding and will serve as CBYF’s first exclusive distributor in Asia and the United Arab Emirates.

Long-term holders have been looking for ways to earn returns on their investments in bitcoin in a sustainable and legal manner. Elliot Andrews, CEO of Aspen Digital, stated, “We are thrilled to introduce this product to the private wealth market because Coinbase is the most reliable counterparty in the asset class and because investors have a strong demand for Bitcoin yield.”

**Looking ahead: Coinbase set to expand dominance into Bitcoin yield market**

The introduction of the Coinbase Bitcoin Yield Fund comes after US stock market volatility and an increase in demand for non-cyclical assets.

According to DeFiLlama, the total value locked in Bitcoin DeFi increased from $3.7 billion on April 17 to $5.9 billion at the time of writing, indicating that the protocols have seen significant customer interest in recent years.

While Bitcoin DeFi protocols such as Babylon and Lombard financing have mostly served retail investors, Coinbase’s CBYF now offers a compliant product offering that addresses institutional demand.

Given the increasing demand from government organizations and corporate investors for structured cryptocurrency investment vehicles, Coinbase seems poised to expand its market leadership beyond trading and custody to include yield-generation services for international organizations.

Coinbase Introduces Bitcoin Yield Fund With 4–8% Return Potential - Cryptured.com

Coinbase推出比特币收益基金，回报潜力为4–8% - Cryptured.com

根据联合创始人V神的建议，将以太坊现有的以太坊虚拟机(EVM)智能合约语言环境切换到更“高效”的RISC-V，以太坊(ETH)周一下跌了1%。
V神提议将以太坊虚拟机(EVM)更改为RISC-V
V神发布了一个

VIRTUAL

以太坊虚拟机(EVM)

根据联合创始人V神的建议，将以太坊现有的以太坊虚拟机(EVM)智能合约语言环境切换到更“高效”的RISC-V，以太坊(ETH)周一下跌了1%。

**V神提议将以太坊虚拟机(EVM)更改为RISC-V**

V神在以太坊魔法师论坛上发布了一项大胆的提议，旨在改变以太坊的执行层 (EL)，可能导致100%的效率提升。他提议使用开源的RISC-V (精简指令集计算5)架构来替代现有的以太坊虚拟机(EVM)智能合约语言生态系统。

“它[RISC-V]旨在大幅提高以太坊执行层的效率，解决主要的扩展瓶颈之一。它还可以大大简化执行层；实际上，这可能是唯一的实现方式，”V神表示。

例如，他建议“确立‘虚拟机解释器’的概念，并要求其逻辑用RISC-V编写”，“使用用RISC-V编写的EVM解释器合约来运行他们现有的EVM代码”，以及“支持EVM和RISC-V两者”。

Cinneamhain Venture的合伙人Adam Cochran认为，尽管一些工程师正在争论该提案的可行性，但从EVM切换到RISC-V可能会影响以太坊的L2中心计划。

尽管这对于L1执行来说非常出色，但科克伦指出，作为对重大技术提升的交换，这降低了L2的附加价值，使它们与我们竞争，并且对该计划并没有带来太多价值。

然而，V神现在有更多时间进行研究和探索，以“加速以太坊的重大长期突破”，这要归功于以太坊基金会的(EF)最近的领导变动，联合执行董事Tomasz Stańczak表示。然而，他警告说，V神的建议主要是为了推动重要研究领域并开始讨论。

“它们可能会被社区评估拒绝或大幅改进，”Stańczak指出。他继续说道：“以太坊研究人员经常要求读者理解他们的写作和建议的探索性特征。”

根据Stańczak的说法，EF将在接下来的Pectra、Fusaka和Glamsterdam改进中专注于改善用户体验和扩展L1和L2。

为了在主网中添加多个功能，例如钱包恢复、交易批处理、blobspace 扩展，以及将最大验证者质押限制提高到 2,048 姨太，以太坊核心开发者计划于 5 月 7 日进行 Pectra 升级。

随着L2和Solana从以太坊L1中抢占交易量，即将到来的修改和计划与过去12个月加密货币收益的下降相吻合。

**以太坊价格预测：ETH在突破关键下降趋势线后测试$1,688阻力位**

根据Coinglass的数据，以太坊在过去一天内经历了5344万美元的期货清算。多头清算总额为2733万美元，而空头清算总额为2611万美元。

在经历了一周的稳定，价格在$1,600附近后，ETH突破了自3月24日起一直存在的下跌趋势线。但这枚领先的山寨币在$1,688附近遇到了阻力，自4月9日起，空头在该价格水平增加了卖压。

如果以太能够维持下降趋势线作为支撑并突破1,688美元的障碍，它可能会达到从12月16日开始的一个重要下降通道的上限。50日简单移动平均(SMA)加强了通道的上边界。

从坏的一面来看，如果 ETH 持续跌破下降趋势线，它可能会在接近 $1,450 的地方找到支撑。如果 ETH 跌破 $1,450，它可能会向下降通道的下边缘大幅下跌 30%，即约 $1,150。

在早期的上升趋势之后，随机振荡器(Stoch)和相对强弱指数(RSI)现在正在向下，暗示着看跌动能的缓慢积累。

Following co-founder Vitalik Buterin’s suggestion to switch from Ethereum’s existing Ethereum Virtual Machine (EVM) smart contract language environment to a more “efficient” RISC-V, Ethereum (ETH) is down 1% on Monday.
Vitalik Buterin proposes changing the EVM to RISC-V
Vitalik Buterin put up a

Following co-founder Vitalik Buterin’s suggestion to switch from Ethereum’s existing Ethereum Virtual Machine (EVM) smart contract language environment to a more “efficient” RISC-V, Ethereum (ETH) is down 1% on Monday.

**Vitalik Buterin proposes changing the EVM to RISC-V**

Vitalik Buterin put up a bold proposal to alter Ethereum’s execution layer (EL) in a post on the Ethereum Magicians forum on Sunday that might result in 100% efficiency increases. He proposed using the open-source RISC-V (Reduced Instruction Set Computing version 5) architecture in place of the existing EVM smart contract language ecosystem.

“It [RISC-V] aims to greatly improve the efficiency of the Ethereum execution layer, resolving one of the primary scaling bottlenecks. It can also greatly improve the simplicity of the execution layer; in fact, it may be the only way to do so,” Buterin stated.

For example, he suggested “enshrining the concept of a ‘virtual machine interpreter’ and requiring its logic to be written in RISC-V,” “using an EVM interpreter contract written in RISC-V that runs their existing EVM code,” and “enabling support for both the EVM and RISC-V.”

Adam Cochran, a partner at Cinneamhain Venture, contended that switching from EVM to RISC-V could impact Ethereum’s L2-centric plan, despite the fact that a number of engineers are disputing the proposal’s feasibility.

Although this would be excellent for L1 execution, Cochran pointed out that in exchange for a significant technical lift, it lowers the value add of L2s, putting them in competition with us, and doesn’t bring much value to that plan.

However, Buterin now has more time to conduct research and exploration that “accelerates major long-term breakthroughs” for Ethereum thanks to the Ethereum Foundation’s (EF) recent leadership change, according to co-executive director Tomasz Stańczak. He did, however, warn that Buterin’s recommendations are mostly meant to advance important research fields and start discussions.

They may be rejected or much improved upon by community evaluation,” Stańczak noted. He continued, “Ethereum researchers frequently request that readers understand the exploratory character of their writings and recommendations.

According to Stańczak, the EF will concentrate on improving UX and scaling L1 and L2 in the next Pectra, Fusaka, and Glamsterdam improvements.

In order to add a number of features to the mainnet, such as wallet recovery, transaction batching, blobspace extension, and raising the maximum validator staking limit to 2,048 ETH, Ethereum core developers planned the Pectra upgrade for May 7.

As L2s and Solana are stealing volume from the Ethereum L1, the forthcoming modifications and plans coincide with a decline in the cryptocurrency’s earnings over the previous 12 months.

**Ethereum Price Forecast: ETH tests $1,688 resistance after rising above key descending trendline**

According to Coinglass data, Ethereum witnessed $53.44 million in futures liquidations during the last day. Long liquidations total $27.33 million, while short liquidations total $26.11 million.

Following a week-long stabilization around $1,600, ETH broke above a falling trendline that had been in place since March 24. But the leading altcoin encountered opposition around $1,688, a price at which bears have increased their selling pressure since April 9.

ETH may be able to reach the top limit of a significant falling channel that starts on December 16 if it maintains the descending trendline as a support level and breaks through the $1,688 barrier. The 50-day Simple Moving Average (SMA) reinforces the upper border of the channel.

On the downside, ETH might find support close to $1,450 if it makes a persistent move below the declining trendline. ETH might plunge 30% toward the lower edge of the declining channel around $1,150 if it breaks below $1,450.

Following an early upward trend, the Stochastic Oscillator (Stoch) and Relative Strength Index (RSI) are now heading down, suggesting a slow build in bearish momentum.

ETH Approaches Key Resistance at $1,688 as Buterin Suggests EVM Shift to RISC-V - Cryptured.com

姨太接近关键阻力位$1,688，Buterin建议将以太坊虚拟机(EVM)转向RISC-V - Cryptured.com

MSTR在其资产负债表上增加了6,556 BTC，花费了5.558亿美元。他们是最大的企业BTC持有者，总共拥有538,200 BTC。这次购买是通过股票发行计划融资的，截至目前投资BTC的金额达364.7亿美元。

MSTR

发行

Strategy (MSTR)在周一的监管文件中透露，它已花费555.8百万美元将6,556个比特币(BTC)添加到其资产负债表中。

该公司继续成为最大的比特币企业持有者，截至目前在该加密货币上投资了364.7亿美元。

文件提到，该购买是通过公司的两个市场上(ATM)股票发行计划融资的。

在4月14日至4月20日期间，该公司出售了91,000股优先股系列STRK和176万股A类普通股，该公司是比特币最大的企业持有者。

优先股贡献了780万美元，普通股的销售产生了5.477亿美元。由于最近的收购，Strategy 目前总共拥有 538,200 BTC，收购的平均价格为每币67,766美元。

截至目前，由迈克尔·塞勒运营的公司已在比特币上花费了364.7亿美元。随着比特币在盘前交易中飙升至87,300美元，MSTR的股价上涨了2.77%。

MSTR added 6,556 BTC to its balance sheet, spending $555.8 million. They are the largest corporate BTC holder, owning 538,200 BTC in total. This purchase was funded through stock issuance programs, with $36.47 billion invested in BTC to date.

Strategy (MSTR) disclosed in a regulatory filing on Monday that it had spent $555.8 million to add 6,556 bitcoin (BTC) to its balance sheet.

The company continues to be the largest corporate holder of bitcoin, having invested $36.47 billion in the cryptocurrency to date.

The documents mention that the purchase was financed via the company’s two at-the-market (ATM) stock issuance programs.

Over 91,000 shares of the preferred stock series STRK and 1.76 million shares of its Class A common stock were sold by the company, which is the biggest corporate holder of bitcoin, between April 14 and April 20.

The preferred shares contributed an additional $7.8 million, and the sale of common stock generated $547.7 million. Strategy now owns 538,200 BTC overall, thanks to the most recent acquisition, which was made at an average price of $67,766 per coin.

To date, the corporation run by Michael Saylor has spent $36.47 billion on bitcoin. As Bitcoin surged to $87,300 in pre-market trade, MSTR’s shares were up 2.77%.

Strategy Acquires $555M in Bitcoin, Holdings Now Total 538,200 BTC - Cryptured.com

策略收购了5.55亿美元的比特币，持仓总计538,200 BTC - Cryptured.com

Samson Mow认为，由于单位偏差影响山寨币的估值，比特币的主导地位将继续上涨，BTC预计将达到$88,216。Mow的分析质疑了山寨币相对于比特币的感知价值。

WOULD

山寨币

Jan3的首席执行官Samson Mow声称，比特币的主导地位在经过对比特币与所有山寨币在整体供应相等的情况下价格进行比较后，尚未达到其上升趋势的尽头。

$88,216 是他对比特币的预测 (BTC)。预计主导地位将进一步增加，因为该比例已经超过了许多加密货币专家预测到 2024 年底将达到的比例。

根据Mow在4月19日的X帖子，“单位偏差正在彻底摧毁没有经验的人。”单位偏差是一种行为经济学中的心理学技术，它假设人们通常更倾向于拥有一个完整的单位或股票，无论其价格和大小如何。Mow声称，这种偏差经常导致新手投资者相信，更便宜的山寨币比拥有一部分比特币更具价值。

**Mow questions 山寨 估值在公平竞争环境中**

“大约85,000美元，你可以购买比特币供应量的二十一百万分之一，”Mow表示。“如果你从山寨币中去掉单位偏差来计算相当于1/21百万的数量，会发生什么？”他问道。

他指出，ETH $1,584现在将被估值为$9,200，XRP $2.08将被估值为$5,800，而Solana SOL $138.96将被估值为$3,400。根据CoinMarketCap的数据，这些价格将分别代表自发布时价格以来大约278,746%、470%和2,328%的增长。

“这些山寨币不值那么多，”Mow评论道。

“单位偏见是普通人思维的核心基础框架，”匿名比特币支持者Sunny Po在1月12日表示。“更便宜更好。”

根据Mow的说法，“大多数”加密货币通过使用非常高的总供应量来利用单位偏差，这使得买家难以理解他们在购买什么。

Mow声称，根据他的估计，比特币的主导地位正在“急剧上升”。交易者经常使用比特币主导率这一指标，该指标代表比特币在整体市场市值中的百分比，以预测比特币价格何时可能接近峰值。

在过去，比特币主导率的下降常常标志着山寨币季节的开始，因为投资者将资金从比特币转向山寨币，以寻求更高的回报。

根据TradingView的统计，比特币的主导地位在发布时为63.69%。

在山寨币季节开始之前，许多加密货币专家预测比特币的主导地位将在2024年底达到60%。

“我不认为它会回升到70%，”Into The Cryptoverse的创始人本杰明·考恩在2024年8月表示。“我对比特币主导性的目标一直是60%。”

Samson Mow believes Bitcoin's dominance will continue to rise due to unit bias affecting altcoin valuations, with BTC predicted to reach $88,216. Mow's analysis questions the perceived value of altcoins compared to Bitcoin.

Samson Mow, CEO of Jan3, claims that Bitcoin’s dominance hasn’t yet reached the end of its upward trend after examining how altcoin prices would compare to Bitcoin if all were on equal terms with overall supply.

$88,216 is his prediction for Bitcoin (BTC). Dominance is anticipated to increase further because the ratio has already surpassed the proportions that many cryptocurrency specialists predicted it would reach by the end of 2024.

According to Mow’s April 19 X post, “Unit bias is absolutely destroying the uninitiated.” Unit bias, a psychological technique in behavioral economics that postulates that people typically prefer to own a complete unit or stock regardless of its price and size, is what Mow claimed frequently leads novice investors to believe that cheaper altcoins are a better value than owning a portion of a Bitcoin.

**Mow questions altcoin valuations on level playing field**

“For about $85,000, you can purchase one twenty-one millionth of the Bitcoin supply,” Mow stated. “What happens if you take unit bias out of alts to figure out the equivalent of 1/21 million?” he questioned.

He noted that ETH $1,584 would now be valued at $9,200, XRP $2.08 would be valued at $5,800, and Solana SOL $138.96 would be valued at $3,400. Based on CoinMarketCap data, these prices would represent increases of roughly 278,746%, 470%, and 2,328%, respectively, from their prices at the time of publication.

“These alts aren’t worth that much,” Mow remarked.

“Unit bias is a core foundational framework of the normie mind,” stated Sunny Po, an anonymous Bitcoin supporter, on January 12. “Cheaper is better.”

According to Mow, “most” cryptocurrencies exploit unit bias by using a very high total supply, making it difficult for buyers to understand what they’re purchasing.

Mow claimed that the dominance of Bitcoin is increasing “so much higher” based on his estimations. Traders frequently use Bitcoin dominance, a metric that represents the cryptocurrency’s percentage of the overall market capitalization, to predict when the price of Bitcoin may be approaching a peak.

In the past, a drop in Bitcoin Dominance has frequently marked the beginning of altcoin season, as investors shift their money from Bitcoin to altcoins in search of greater returns.

According to TradingView statistics, Bitcoin Dominance stands at 63.69% at the time of publication.

Prior to the start of an altcoin season, a number of cryptocurrency specialists predicted that Bitcoin Dominance would peak at 60% in late 2024.

“I don’t think it is going back up to 70%,” stated Benjamin Cowen, the founder of Into The Cryptoverse, in August 2024. “My target for Bitcoin dominance has been 60%.”

Cryptured

Coinbase推出比特币收益基金，回报潜力为4–8% - Cryptured.com

姨太接近关键阻力位$1,688，Buterin建议将以太坊虚拟机(EVM)转向RISC-V - Cryptured.com

策略收购了5.55亿美元的比特币，持仓总计538,200 BTC - Cryptured.com

山姆森·毛警告称，山寨币单位偏见正在“毁灭”新的加密货币交易者 - Cryptured.com