火必周刊（2.27-3.5）

火币资讯Published on 2023-03-06Last updated on 2023-03-06

Abstract

上周不容错过的新闻速览，本周事件抢先一览。

上周不容错过的新闻如下：

1. 关键词：美国证券交易委员会、Gary Gensler

据《纽约杂志》报道，美国证券交易委员会（SEC）主席Gary Gensler在接受采访时表示，除了比特币以外的几乎所有类型的加密交易都属于在SEC管辖范围的证券交易；“这些代币是证券，因为中间有一个群体，公众预期基于该群体的利润”，这些加密货币背后有人使用各种复杂且法律上不透明的机制，但在最基本的层面上，他们正在努力推广他们的代币并吸引投资者；比特币由于其独特的历史和创造故事，在这方面与其他加密项目有着根本的不同。

Coinbase 首席执行官 Brian Armstrong在接受彭博电视采访时表示，Coinbase 的质押产品不是证券，他们很愿意与监管机构合作，但也准备在必要时采取法律行动。

2. 关键词：以太坊Sepolia测试网、升级

数据显示，以太坊Sepolia测试网已达到epoch 56832，Shapella（Shanghai+Capella）升级已经激活。Shapella旨在从网络验证器中进行ETH提款，这一功能在该网络过渡到PoS共识（“合并”）期间未启用。这次升级结合了对执行层（Shanghai）和共识层（Capella）的更改。

链上数据平台CryptoQuant发布报告称，在以太坊上海升级后，ETH的质押提款可能将面临较低的抛售压力。

3.关键词：Solana、改进网络升级计划

Solana 联合创始人 Anatoly Yakovenko 发布“改进网络升级的计划”，将改进 Solana 升级过程、组建对抗团队、改进重启过程、以稳定为中心。

4. 关键词：英格兰银行、中央银行数字货币

据彭博社报道，英格兰银行负责货币政策的副行长Ben Broadbent表示，英国央行最关注的是新支付技术的监管问题。到目前为止，数字化的经验是，由新技术促成的新产品和服务可以非常迅速地被大规模采用，这显然为金融机构、企业和个人带来了机会。我们希望看到持续的改进，减少支付的摩擦和成本。英国央行和英国财政部官员正在探索建立一个中央银行数字货币的案例，该货币被称为Britcoin，其运作方式类似于比特币等加密货币，但将由中央银行储备支持。

5. 关键词：美联储卡什卡利、通胀

美联储卡什卡利表示，目前通胀“非常高”，美联储的工作是将通胀降至2%的目标。现在的工资增长速度太快，无法与2%的通货膨胀目标保持一致。目前的通货膨胀不是由劳动力市场驱动的。到目前为止，美联储的加息并没有降低服务业领域的通胀。

6. 关键词：美国财政部高级官员、是否启动CBDC

美国财政部金融副部长Nellie Liang称，联邦政府在数字美元方面的工作正在加速，并表示来自各个机构和白宫办公室的领导人将在“未来几个月”召开会议。虽然她在大西洋理事会周三的讲话中明确表示尚未做出任何决定，而且美国官员正在“积极评估CBDC是否符合国家利益”，但她在演讲中强调了中央银行数字货币(CBDC)的一些潜在好处。她说，建立数字美元“可能有助于保持美元的全球地位”，并可能减少跨境交易中的摩擦。她指出，美国正在与诸多盟友进行协商，并表示即使美国不发行，CBDC也可以在其他地方发行，并指出11个司法管辖区已经推进了他们的虚拟货币。

7. 关键词：Visa和Mastercard、暂停新的加密货币合作伙伴关系

据路透援引消息人士报道，跨国金融服务公司Visa和Mastercard正在暂停新的加密货币合作伙伴关系。知情人士称，Visa和Mastercard都已决定推迟推出某些与加密货币相关的产品和服务，直到市场状况和监管环境有所改善。

8. 关键词：SilverGate Bank、暴跌

Silvergate Bank周三宣布将推迟提交年度报告，导致其股价在盘后交易中暴跌10%以上。这家对加密货币友好的银行表示，将不得不推迟提交2022财年的年度10-K报告，并且还需要两周以上的时间才能完成。该公司文件称，“公司目前正在分析有关公司的某些监管和其他未决询问和调查。”Silvergate的会计师事务所及其独立审计师也要求提供更多信息。

9. 关键词：美国众议院小组、加密货币监管框架

最近成立的一个专注于数字资产的美国众议院金融服务小组的主席French Hill表示，该小组计划与众议院农业委员会就加密货币的监管框架进行合作。众议员French Hill周四在米尔肯研究所未来数字资产研讨会上说“我们将尽最大努力在这个过程中与House Ag合作。” 众议院农业委员会对商品期货交易委员会（CFTC）拥有管辖权，并且是比特币监管机构之一。委员会主席Glenn Thompson去年提出了一项允许加密货币交易所在CFTC注册的法案。Hill周四还表示，“我们的目标”是为加密货币创建监管框架，第一步可能是关注稳定币。

10. 关键词：FTX、比特币

FTX 债务人为利益相关者发布第二份报告。该演示文稿显示出FTX巨大亏空。今天 22 亿美元的总资产位于与 FTX.com 交易所关联的账户的钱包中，其中只有 6.94 亿美元构成“A 类资产”。FTX.com的其他资产包括 3.85 亿美元的客户应收账款和对 Alameda Research LLC 及关联方的大量索赔。该报告显示，Alameda Research在请愿时从 FTX.com 钱包和账户中净借款 93 亿美元。

本周大事提醒：

1. 美国SEC和灰度将于美东时间3月7日9:30就灰度对SEC的诉讼案件陈述案情。

2. 美国众议院数字资产小组委员会将于3月9日召开首场听证会。

3. 韩国金融情报部门将于3月6日对交易所GDAC进行现场检查。

4. 区块链存储协议Arweave 2.6发布，硬分叉拟于3月6日激活。

5. 嘉楠耘智计划于3月7日公布2022年第四季度和全年财务业绩。

6. Waves将于3月10日进行快照，以空投POWER。

Early Investor of Unitree Bets on a Brain-Computer Interface Company

"Wabo Technologies, a brain-computer interface (BCI) startup, has secured new funding from Vertex Ventures (under Temasek), Hongtai Fund, Chengdu Future Industry Fund, and Huifengda Capital. Vertex Ventures is known for its early bet on Unitree Robotics. Inspired by the sci-fi film "Avatar," founder Zhang Xingzhi has pursued human-machine interaction for over a decade. He established Wabo in late 2025, coinciding with China's push for BCI as a future industry. Unlike companies focused solely on medical hardware, Wabo positions itself as a model company. Its core mission is to develop a "Human Neural Intent Model" that decodes EEG, EMG, and behavioral signals to understand a user's goals, confirmations, corrections, and stop intentions before physical action, translating them into standardized control signals for machines, robots, or smart devices. The young, full-stack team, backed by academic collaborators from Tianjin University and Fudan University, quickly attracted investors. The company had previously raised a seed round from Ceyuan Capital. Investors were impressed by Wabo's systematic capabilities in data collection, signal processing, and engineering, seeing potential beyond a single hardware product toward a reusable layer of human intent interpretation. Applications span medical rehabilitation, smart homes, embodied AI, and even space exploration, with Wabo partnering with Tianjin University on pioneering "space BCI" research. Wabo plans a dual-headquarters strategy, with Shanghai focusing on high-end R&D and model development, and Chengdu handling hardware, product development, and supply chain. The BCI sector in China is heating up, with over 30 financing deals in early 2026. Zhang believes future competition will center on who can build a sustainable data-model-scenario loop. He predicts industry consolidation within three years, with only companies that master this闭环 surviving. The vision from "Avatar" is inching closer to reality."

marsbit7m ago

Early Investor of Unitree Bets on a Brain-Computer Interface Company

marsbit7m ago

ChangXin Technology: A Cyclical Stock Standing Atop the Cycle Peak

Changxin Technology: A Cyclical Stock at the Peak On July 27, 2026, Changxin Technology topped the A-share market with a market capitalization of 3.28 trillion yuan, surging 465% on its first trading day. The company, which lost 16.3 billion yuan in 2023, reported an estimated net profit of 50-57 billion yuan for the first half of 2026. Its dramatic reversal mirrors the volatile DRAM (Dynamic Random Access Memory) cycle. The DRAM industry is inherently cyclical, with booms and busts every 3-4 years. This is due to product standardization and a significant time lag in supply adjustment. When prices rise, manufacturers expand capacity, but new production takes 2-3 years to come online, often leading to oversupply and price crashes when demand cools. Changxin's performance perfectly tracks this cycle. It recorded deep losses in 2023-2024 during the industry downturn, turned its first annual profit in 2025, and saw profits skyrocket in Q1 2026. This surge is primarily price-driven. The AI boom has led major players like Samsung and SK Hynix to shift 70-80% of new capacity to high-margin HBM (High Bandwidth Memory), creating a severe shortage and price explosion in general-purpose DRAM markets where Changxin competes. However, a massive global capacity expansion is underway. The top three manufacturers have announced nearly $70 billion in capital expenditure for 2026. Changxin itself plans to expand from three to seven 12-inch wafer fabs. This investment will translate into significant new supply in 2-3 years. While DRAM prices are expected to remain high through 2026-2027, price growth is already slowing, and a potential downturn is forecast for around 2028 as new capacity ramps up. A key challenge for Changxin is catching up in the critical HBM segment. While it has delivered HBM3 samples, leaders are already mass-producing more advanced HBM3E. Success in HBM is crucial for gaining true cyclical resilience. In conclusion, Changxin is a commendable company that has broken foreign monopolies in DRAM. Its long-term growth narrative—driven by import substitution and AI—is valid. Yet, its current valuation of 5-6x forward P/E, typical for a cyclical stock at its peak, suggests much future growth is already priced in. AI may extend the current cycle but cannot eliminate the industry's inherent volatility. For investors, the critical question is preparedness for the inevitable downturn when the cycle turns.

marsbit12m ago

ChangXin Technology: A Cyclical Stock Standing Atop the Cycle Peak

marsbit12m ago

SK Hynix's Most Profitable Quarter Ever: Why Did It Still "Miss Expectations"?

SK H力士 reported record-breaking financial results for Q2 2026. Revenue reached 79.32 trillion KRW (up 257% YoY), while operating profit surged to 60.54 trillion KRW (up 557% YoY). Despite this, the figures fell slightly short of market expectations, causing initial volatility in its stock price. Key factors behind the "miss" include a high proportion of HBM sales tied to long-term supply agreements, which limited profit elasticity during a period of rapid price increases for standard DRAM and NAND memory. The company's outlook remains optimistic. Management forecasts continued strong demand growth for DRAM and NAND in 2026, with no observed slowdown in AI-related investments. Progress on HBM4 shipments and next-generation product development remains on schedule. Furthermore, SK H力士 plans to maintain high capital expenditures, indicating confidence in future AI-driven storage demand. The market reaction highlights a broader debate: investors are less focused on past profits and more on how to price future growth. Bulls emphasize the ongoing AI infrastructure expansion, while bears express concerns about valuation and the sustainability of capital spending. The company's performance and strategy will continue to be a key focus in the semiconductor sector.

Odaily星球日报52m ago

SK Hynix's Most Profitable Quarter Ever: Why Did It Still "Miss Expectations"?

Odaily星球日报52m ago

What If the CLARITY Act Ultimately Fails to Pass?

This article examines the potential consequences if the CLARITY Act, a major US crypto market structure bill, fails to pass in the Senate. Having cleared the House in July 2025 and a key committee in May 2026, the bill's passage into law this year is now considered uncertain, with prediction markets showing its probability dropping from 82% in February to 35%. The article analyzes three main areas of impact should the bill fail. First, for the crypto market, analysts believe a negative reaction is limited and partially priced in already, with Bitcoin's recent weakness attributed more to macro factors. The specific details of the failed bill would matter more than its failure alone. Second, for US stocks, Coinbase (COIN) could see short-term pressure, with analysts citing a potential drop to the $140-$160 range, though its long-term thesis is not solely tied to the bill. For Circle, failure might be neutral or even positive long-term, as a passed bill could invite more stablecoin competition. Bitcoin-treasury firms like Strategy (MSTR) are seen as more directly tied to Bitcoin's price than the legislation. Third, in Washington, the failure is framed within a broader political struggle. Democratic resistance is partly linked to concerns over former President Trump's crypto holdings, making the bill a political tool. If it fails in 2026, the industry would likely rely on existing frameworks like the GENIUS Act and agency-level rules. Missing the August window likely pushes any significant progress to 2027, a period of political reshuffling after midterm elections, making consensus harder to achieve.

Odaily星球日报1h ago

What If the CLARITY Act Ultimately Fails to Pass?

Odaily星球日报1h ago

SK Hynix Q2 Profit Soars Sixfold, Still 'Misses Expectations'; Secures Long-Term Agreements with 10 Clients, HBM4 to Accelerate Volume Ramp in Second Half

SK Hynix reported record-breaking Q2 2026 financial results, with operating profit soaring 557% year-over-year to 60.5 trillion won and revenue increasing 257% to 79.3 trillion won, driven by strong demand for AI server memory, HBM, and enterprise SSDs. The operating profit margin reached 76.3%. However, both figures fell short of analyst expectations, leading to a drop in its share price. The company attributed the earnings miss to three factors: a high sales mix of HBM, which limited upside from surging prices of general-purpose DRAM; a deceleration in memory price increases compared to Q1; and long-term supply agreements (LTAs) with major customers that lock in prices, reducing sensitivity to spot market gains. SK Hynix has signed LTAs with about 10 clients, covering roughly half of its sales. Despite the miss, the company remains optimistic about AI-driven demand. Its net profit of 93.9 trillion won was significantly boosted by a one-time gain from the partial sale of its Kioxia stake. Financially, it strengthened its cash position, ending the quarter with a net cash position of 69.4 trillion won. Looking ahead, SK Hynix plans capital expenditures at the high end of its 40-50 trillion won range for 2026 to expand capacity for HBM and advanced NAND products, including accelerating the mass production of HBM4 in the second half of the year.

marsbit1h ago

SK Hynix Q2 Profit Soars Sixfold, Still 'Misses Expectations'; Secures Long-Term Agreements with 10 Clients, HBM4 to Accelerate Volume Ramp in Second Half