Edgen Crypto·Oct 31 2025, 17:27据报道，巴塞尔银行监管委员会正在修订其2022年加密货币风险敞口指南，此举可能促使全球银行对数字资产采取更为友好的立场。此次重新评估是由于稳定币的快速增长和日益明确的监管环境所推动。
据报道，巴塞尔银行监管委员会（BCBS）正准备修订其2022年关于银行数字资产曝险的指南。这项潜在的转变预示着金融机构参与加密货币市场的监管环境将更加宽松，特别是由稳定币的普及和成熟所推动。
巴塞尔银行监管委员会正在准备更新其2022年加密货币曝险指南，预计明年将进行修订。最初的框架被金融机构广泛解读为阻碍数字资产参与的因素。现有规则中的一个主要争议点是对在公共区块链上发行的稳定币施加1,250%的风险费用，将其与比特币（BTC）或以太币（ETH）等高风险资产等同视之。这种等同视之的做法引起了市场参与者的强烈批评，他们认为受监管、资产担保的稳定币所带来的风险要低得多。包括美国、英国和欧盟在内的司法管辖区尚未完全实施2022年的初始标准，据报道，它们正在推动在更广泛的全球采用之前进行重新评估。
如果巴塞尔委员会软化其立场，金融服务业可能会看到传统银行在加密货币市场中的参与度增加。CoinFund总裁克里斯·珀金斯（Chris Perkins）此前将严格的资本要求形容为旨在阻碍加密货币产业发展的「瓶颈」。一个修订后的、更为有利的框架可能会消除这些障碍，潜在地导致数字资产的机构采用增加和市场流动性提高。此次重新评估是在稳定币在全球金融格局中巩固其作用之际进行的，预计到2025年8月，其市值将超过2,800亿美元，年链上结算量将超过30万亿美元，可与SWIFT和Visa等传统支付系统媲美。
包括CoinFund的克里斯·珀金斯在内的批评者一直认为，现行的巴塞尔规则使得银行参与加密货币的成本过高。他们的观点是，考虑到稳定币在支付领域日益增长的牵引力，对USDC和USDT等无需许可的代币施加1,250%的风险费用（类似于比特币）可能已经过时。欧洲已经树立了先例，允许稳定币根据其支持资产（例如现金和短期美国政府債務）的质量进行资本化。
这次即将进行的修订与数字资产领域内监管加速和成熟的更广泛趋势相符。美国GENIUS法案（正式将稳定币合法化用于支付）和欧洲MiCA法规等立法框架的引入，开启了所谓的「合规时代」。这些发展强调了数字资产在全球金融基础设施中日益增长的接受度和整合度。此外，35个国家和欧盟委员会已敦促金融行动工作组（FATF）修订其关于加密货币的反洗钱（AML）标准，这表明国际社会正在协调努力，以完善不断演变中的数字资产经济的监管框架。
## Executive Summary The cryptocurrency market is currently characterized by heightened activity, driven by significant developments across the ecosystem. Speculation surrounding a potential **MetaMask** token airdrop, **Mastercard's** reported advanced acquisition talks with **Zerohash**, and **Securitize's** impending public offering represent key catalysts. These events collectively underscore a trend toward increased institutional integration and the expansion of on-chain financial infrastructure, indicating a maturing landscape for digital assets. ## The Event in Detail **MetaMask Token Airdrop Speculation Intensifies** Speculation regarding a **MetaMask** token launch has escalated following the registration of new domain names, "claim.metamask.io" and "gift.metamask.io," by the **Ethereum** wallet provider. While these domains currently redirect to the company's homepage, the action has fueled anticipation of a potential token airdrop, possibly before year-end. **Joe Lubin**, CEO of **ConsenSys**, previously indicated that a native **MetaMask** token "might arrive sooner than everyone expects." With over 30 million users, a **MetaMask** token could grant governance rights and rewards for historical activity, potentially making it one of the largest **crypto** airdrops by reach. Regulatory pressures on **MetaMask** were reportedly alleviated in February 2025 following an agreement with the **SEC**. **Mastercard Advances Stablecoin Strategy with Zerohash Acquisition Talks** **Mastercard** is reportedly in late-stage negotiations to acquire **Zerohash**, a **crypto** technology company, for an estimated $1.5 billion to $2 billion. **Zerohash**, founded in 2017, provides backend support enabling fintechs and financial institutions to integrate **crypto**, **stablecoin**, and tokenization features through APIs. This acquisition is poised to significantly strengthen **Mastercard's** capabilities in handling **stablecoins** and other blockchain-based payments. Should the acquisition proceed, **Mastercard** aims to offer faster, programmable payouts, integrating **tokenized** dollar balances with existing card rails and merchant settlement flows, thereby accelerating corporate **stablecoin** adoption. **Securitize to Go Public with $1.25 Billion Valuation** **Securitize**, a platform specializing in the tokenization of real-world assets (RWA), is set to go public through a business combination with **Cantor Equity Partners II**, a special-purpose acquisition company (SPAC) sponsored by **Cantor Fitzgerald**. The merger values **Securitize** at a $1.25 billion pre-money equity valuation, positioning it as the first publicly traded company dedicated to securities-focused tokenization infrastructure. The combined entity, to be renamed **Securitize Corp.**, plans to trade on **Nasdaq** under the ticker "SECZ" upon completion in the first half of 2026. The deal includes an upsized $225 million Private Investment in Public Equity (PIPE) financing and plans to tokenize **Securitize's** own equity to demonstrate on-chain capital markets operations. **Securitize** has tokenized over $4 billion in assets, including **BlackRock's BUIDL fund**, and estimates a $19 trillion opportunity in tokenization across various asset classes. **Ondo Global Markets Expands Tokenized US Equities to BNB Chain** **Ondo Global Markets (OGM)**, a leading tokenized securities platform, has expanded its offerings to the **BNB Chain**, providing on-chain access to over 100 tokenized US stocks and exchange-traded funds (ETFs). This expansion leverages **BNB Chain's** 3.4 million daily active users, bringing real financial products to a broader global audience, particularly in Asia and Latin America, through platforms like **PancakeSwap**. Since its launch on **Ethereum** in September, **OGM** has accumulated over $350 million in total value locked (TVL) and nearly $670 million in trading volume. The move aims to deliver faster, more affordable access to US financial instruments with instant settlement and transparent custody. **Kalshi Achieves Record Trading Volume in Prediction Markets** Prediction platform **Kalshi** reported a record-breaking trading volume exceeding $4 billion in October. This milestone highlights significant growth and user engagement, with **Kalshi** surpassing **Polymarket** in weekly trading volume. Sports-related predictions constitute approximately 80% of **Kalshi's** volume. The platform now accounts for about 70% of trading volume across all prediction markets globally, despite operating exclusively in the US. **Kalshi's** Head of Crypto indicates plans for a deeper push into the **crypto** sector, aiming for integration with major **crypto** applications and exchanges. **USDT0 Enhances Cross-Chain Stablecoin Transfers** **USDT0**, utilizing **Layerzero's Omnichain Fungible Token (OFT)** standard, is gaining traction for cross-chain **stablecoin** transfers. Live on eight networks, **USDT0** aims to create a "unified liquidity layer" allowing tokens to move between chains swiftly and without slippage. Daily transfer volumes have significantly increased, reaching $869 million on October 2, up from less than $1 million in January. **USDT0** offers cheaper and more fluid cross-chain transfers compared to native **USDT**, requiring only gas fees and a small **LayerZero** relay fee. ## Market Implications These developments collectively suggest a dynamic evolution within the **crypto** ecosystem, characterized by increasing institutional confidence and infrastructure build-out. The potential **MetaMask** token airdrop could redistribute significant value to a broad user base, fostering deeper engagement within **DeFi** and potentially setting a precedent for other wallet providers. **Mastercard's** strategic move to integrate **Zerohash** underscores a growing imperative for traditional financial entities to embrace **stablecoin** and **blockchain** payment rails, potentially accelerating the mainstream adoption of digital currencies for transactions. **Securitize's** public listing and plans to tokenize its own equity serve as a significant validation for the real-world asset (RWA) tokenization sector. This event not only provides a liquid market for a key infrastructure provider but also offers a tangible example of how capital markets can operate on-chain, attracting further investment and development into the RWA space. The expansion of **Ondo Global Markets** to **BNB Chain** exemplifies the growing demand for tokenized traditional assets, enhancing accessibility and liquidity for a global investor base. The robust growth of prediction markets like **Kalshi** and the efficiency improvements in cross-chain **stablecoin** transfers via **USDT0** indicate a maturing infrastructure capable of handling increased volume and complex financial operations. ## Broader Context The confluence of these events signals a broader shift towards a more integrated and institutionalized **Web3** landscape. The regulatory clarity achieved by **MetaMask** in early 2025 highlights ongoing efforts to address legal uncertainties, which can pave the way for greater innovation and adoption. **Mastercard's** reported acquisition is a direct parallel to the strategic investments made by other financial incumbents, acknowledging the long-term potential of **blockchain** technology to revolutionize payment systems. This mirrors the early integration strategies observed in the nascent stages of **FinTech** adoption. **Securitize's** public offering and its work with major financial institutions like **BlackRock** for funds such as **BUIDL** demonstrate the accelerating convergence of traditional finance with **decentralized finance (DeFi)**. This aligns with the "MicroStrategy playbook" where public companies strategically incorporate **crypto** assets or **blockchain** technologies into their core business model, albeit **Securitize** focuses on infrastructure rather than treasury holdings. The global reach of **Ondo Global Markets** and the burgeoning prediction market sector indicate a sustained demand for novel financial instruments and efficient, borderless transactions, reinforcing the long-term bullish sentiment for the **DeFi** ecosystem and broader **crypto** adoption. These developments suggest a future where digital assets play an increasingly central role in global financial markets.
## 执行摘要 英伟达首席执行官**黄仁勋**自六月以来已完成超过**10亿美元**的公司股票出售，结束了一项预定的撤资安排。这笔战略性交易最终处置了**25,000股**股票，发生在**英伟达**股价显著上涨之际，这得益于对人工智能处理器的强劲需求。 ## 事件详情 **黄仁勋**完成了总额超过**10亿美元**的**英伟达**（NVDA.O）股票预定出售，该出售于六月开始。最近报告了最后一部分**25,000股**股票的处置，这标志着黄仁勋在三月采纳的安排的完成。该安排允许在年底前出售多达**600万股**股票。当销售于六月下旬开始时，所涉及的股票价值约为**8.65亿美元**。然而，此后**英伟达**的股价已上涨超过**40%**，这得益于人工智能领域的持续需求。 ## 市场影响 尽管规模巨大，**黄仁勋**大宗股票出售的完成不太可能引起显著的负面市场情绪，因为其**预定性质**。此类安排是常见的高管薪酬和流动性策略，提供了透明度并减轻了突然的内部人士出售的印象。支持**英伟达**股价表现的根本因素仍然是其人工智能处理器“永不满足的需求”。该公司在人工智能硬件领域的强大市场地位表明，在高管根据预定计划出售股票时，通常不会对投资者信心或股票估值造成重大干扰，尤其是在与强劲的基本业务表现相符的情况下。 ## 更广阔的背景 此次预定撤资符合典型的高管财务规划策略，使其与机会主义出售区别开来。所售股票价值的显著增加——从销售期开始时的约**8.65亿美元**到完成时的超过**10亿美元**——凸显了**英伟达**所经历的显著增长。这种升值反映了更广泛市场对人工智能领域的信心以及**英伟达**在该领域的主导作用，从而减轻了关键高管出售大量股票可能产生的任何潜在负面看法。
## 执行摘要 加密货币交易所 **MEXC** 于10月31日向知名交易员 **TheWhiteWhaleV2** 解冻了大约 **310万美元** 的冻结资产，此前经历了一段时期激烈的公众压力，其首席战略官随后也发表了道歉。这一解决方案是在该交易所24小时交易量显著下降和大量资金流出之后达成的，突显了市场对争议的即时反应。 ## 事件详情 匿名加密货币影响者 **TheWhiteWhaleV2** 在其 **MEXC** 账户（包含约 **300万美元** 资产）于7月被暂停后，发起了一场社交媒体活动。**MEXC** 最初声称该交易员使用机器人产生“非法利润”，但 **TheWhiteWhaleV2** 反驳了这一说法，坚称所有交易均为手动操作。10月29日，当 **TheWhiteWhaleV2** 披露 **MEXC** 要求他公开承认不当行为作为解冻资金的先决条件时，紧张局势进一步升级。这一要求进一步加剧了社区的强烈反对，并引发了对该交易所运营透明度和所有权结构的问题，这些问题得到了链上调查员 **Zachxbt** 的放大。 在紧张局势达到顶峰的数小时内，**MEXC** 首席战略官 **Cecilia Hsueh** 通过X（前身为Twitter）公开发表了道歉，声明：“**我们搞砸了。我们向 @TheWhiteWhaleV2 道歉，他的资金已被解冻。他可以随时领取。**”她承认了情绪上的失误，并承诺对公司内部的风险控制和沟通团队进行改革。**TheWhiteWhaleV2** 随后证实已获得其资金，并宣布打算将其回收资产的100%空投给其NFT社区和选定的非营利组织。 ## 市场影响 此次事件对 **MEXC** 产生了直接且可衡量的财务影响。**CoinGecko** 数据显示，在危机期间，**MEXC** 的24小时交易量从大约 **60亿美元** 降至 **50亿美元** 以下，下降幅度超过15%，这表明用户对争议的反应。此外，**DefiLlama** 数据报告称，在公开道歉当天，**MEXC** 出现了 **3900万美元** 的资金流出。提款潮和来自其他用户的类似无限期账户冻结报告，突显了更广泛的信任侵蚀以及该交易所潜在的流动性担忧。 ## 商业策略与运营调整 为回应公众强烈抗议和财务影响，**MEXC** 首席战略官 **Cecilia Hsueh** 宣布了对交易所运营框架的具体改革。这些改革包括修订风险和客户服务政策，以及创建“快速通道”。这个专用通道旨在加快解决其他报告了类似问题的交易员的未决账户问题。这一战略转变表明 **MEXC** 试图解决透明度问题并恢复客户信心，这对于中心化加密货币交易所来说是至关重要的组成部分。 ## 更广泛的背景 此次事件凸显了与中心化加密货币交易所相关的固有风险，以及社交媒体和社区情绪在Web3生态系统中的重要影响力。市场对 **MEXC** 行为（表现为交易量下降和资产流出）的迅速而显著的反应，强调了交易所在维持稳健、透明和响应迅速的客户资产管理政策方面的必要性。此事件作为一项案例研究，探讨了内部风险管理协议与与用户进行清晰、道德沟通需求之间的微妙平衡，特别是在一个以高波动性和实时信息传播为特征的环境中。**MEXC** 实施“快速通道”和政策修订，反映了行业在应对不断升级的用户期望以及资产托管相关的潜在审查方面，普遍趋向于改进客户服务和监管合规。
