HashMental--猪八

Pure Logic/Bold Imagination/Vision Clear
3轮牛熊幸存者，Sol builder，BTC&ETH钻石手
趋势投资者，纯经验分享

[HashMental--猪八 @ZAotray]

Pure Logic / Bold Imagination / Vision Clear.

3轮牛熊幸存者。
我靠纪律活下来，不靠运气。
BTC/ETH 为核。
其余看周期、看验证。

少情绪，多证据。
DYOR

[HashMental--猪八 @ZAotray]

https://t.co/YpjrUKQs0P 刚入门的兄弟们可以看下b站上的科普视频

[HashMental--猪八 @ZAotray]

最近在用 Claude Code 处理链上数据，确实省了不少事
周末研究了下 Claude Code，本来只是想试试能不能帮忙写点数据抓取脚本，没想到还挺顺手。
对我们这种天天跟数据打交道的来说，这工具解决了不少痛点。分享一下使用体验，有在用的兄弟也可以交流下。
它能帮上什么忙？
举个实际场景：
前几天老大让我分析一下某个 DeFi 协议的资金流动情况。以前的流程是：写爬虫脚本抓链上数据 → 清洗数据、转换格式 → 写可视化代码 → 调样式... 半天过去了，代码倒是写了一堆，但真正有价值的分析时间反而不多。
现在直接跟 Claude Code 说："帮我写个脚本，抓取最近 24 小时这个合约地址的所有交易，按金额排序，输出 CSV"。前提是你本地已经配好 RPC 或数据源（我用的 Alchemy），它只是把脚本写得更快。几分钟内就能把可用数据拉出来，直接进入分析阶段。
当然，涉及到策略核心逻辑、风控这些，肯定还是得自己写。但那些重复性的脏活累活，交给它确实能提效。
三个模式要搞清楚
刚开始用确实有点懵，它有三种工作方式，按 Shift+Tab 切换：
默认模式 - ��次改文件前都问你一声
我写交易相关的代码都用这个，毕竟代码出错可能直接亏钱，谨慎点好。
自动模式 - 你说啥它直接干，不废话
写数据分析、可视化这种脚本的时候开这个，快很多。上次批量处理 50 个交易对的历史数据，全程自动化，爽得飞起。
规划模式 - 光出方案不动手
比如我想重构整个回测框架，会先切到这个模式把架构理清楚，确认没问题再让它动手。
我现在的习惯：分析脚本用自动，涉及真金白银的用默认，大改动先规划。
几个比较实用的点
1. 长需求别在小框框里憋屈
默认那个输入框是真的小，写复杂需求很难受。
按 Ctrl+G 会跳出 VS Code 编辑器，需求爱写多长写多长，写完保存就自动提交了。这个功能我是真的爱。
2. 图表、数据���件直接扔进去
我试过把 TradingView 的 K 线截图拖进去，问它"这种形态用 Python 怎么识别"。这个主要是用来快速验证思路，它给的代码逻辑基本没问题。但实盘肯定还是基于 OHLC 数据做数值分析，图像识别那套不靠谱。
还有一次把交易所导出的 Excel 资金流水直接拖进去，让它帮忙做数据透视和异常检测，比我自己写快多了。
3. 改炸了？双击 Esc 回滚
它有个 session 级的快照功能，不是版本控制。每次你提新需求，它都会自动存个检查点。
觉得改得不对，双击 Esc，选之前的版本，代码瞬间回去。
但是注意：它只能回滚自己创建/修改的文件。如果你中间跑了 pip install、建了数据库、修改了配置，这些它管不了。所以涉及到交易系统这种，还是得配合 Git 用。
4. https://t.co/rAD8OG04qt 这个文件很关键
我每个项目根目录都会建一个 https://t.co/rAD8OG04qt，把规范写进去：
markdown
# 项目规范

## 代码风格
- 所有价格数据保留 8 位小数
- 时间统一用 UTC，格式 ISO 8601
- API key 从环境变量读，严禁硬编码

## 策略代码要求
- 每个策略必须包含：信号生成、仓位管理、止损逻辑
- 回测和实盘要分离，共用底层但独立运行
- 所有交易操作必须记录日志

## 数据处理
- 原始数据不要动，处理后的存到 processed/ 目录
- 缺失数据用 NaN 标记，不要用 0 填充
```

它每次启动都会读这个文件，自动按规矩来。省得每次都要强调"记得加异常处理"、"别忘了写日志"这些废话。

### 5. 跑长任务记得扔后台

有时候要启动监控服务或者跑回测，按 `Ctrl+B` 把进程扔后台，这样还能继续跟它对话。

输入 `/tasks` 能看所有后台任务，不想要了按 `k` 停掉。

上次跑一个 3 个月的回测，扔后台之后我继续让它帮我写别的脚本，互不影响。这个设计还挺人性化。

## 踩过的坑

### 坑一：危险模式真的危险

有个启动参数叫 `--skip-permission-prompts`，加上之后它执行任何命令都不问你。

写数据分析脚本还行，但如果是交易机器人、自动下单这种，**千万别开**。

我见过一哥们在权限和环境没隔离好的情况下开了自动模式，结果 AI 误解了需求，直接把测试订单下到了实盘... 还好仓位不大，不然得哭死。这本质上是工程设计问题，但自动模式确实会放大风险。

### 坑二：上下文过长会漂移

跟它聊久了，context window 被稀释，指令开始漂移，回答质量明显下��。

我现在养成习惯：每完成一个模块，就输入 `/compact` 压缩一下历史对话。或者干脆 `/clear` 清空重来，反正 `https://t.co/rAD8OG04qt` 还在。

### 坑三：核心逻辑别指望它

我刚开始用的时候，脑子一热让它写了个网格交易策略。结果跑回测发现仓位管理完全有问题，浮亏达到 15% 居然还在加仓...

吓得我赶紧把代码全删了。

现在我只让它干这些：
- 交易所 API 对接（虽然文档是现成的，但 signature、nonce、rate limit 这些坑还是不少）
- 数据清洗、格式转换
- 简单的技术指标计算
- 监控脚本、报警工具

策略逻辑、风控模块、资金管理，必须自己写。它可以帮你搭架子，但填肉得你来。

### 坑四：API rate limit 要小心

有次让它批量抓取 200 个币种的历史数据，它直接开了 200 个并发请求...

结果交易所 API 直接把我 ban 了半小时。查日志才发现这货完全不管 rate limit。

现在我在 `https://t.co/rAD8OG04qt` 里加了一条：
```
所有 API 请求必须加 rate limiter，默认每秒不超过 5 次
我现在怎么用它
快速验证想法
比如我想测试一个新的套利策略，以前要先写框架、对接 API、处理数据... 现在让它搭好框架，我只写核心逻辑部分。能省不少时间。

数据处理
各家交易所的数据格式千奇百怪，有的用时间戳，有的用字符串，有的还是 UTC+8... 让它写转换脚本，基本一次成功。省了我不少头发。
监控工具
写一些价差监控、链上异常报警、资金费率提醒这种，它做得挺好。我现在有 7、8 个监控脚本都是它帮忙写的。
学新协议
要对接新的 DEX 或者 CEX，让它先根据文档写个 demo，我再处理 websocket reconnect、pagination 这些细节。比自己从零开始快多了。
但是：

回测引擎核心代码 → 自己写
实盘交易逻辑 → 自己写
风控模块 → 自己写
仓位管理 → 自己写

这些直接影响资金安全的，不能偷懒。
跟其他工具比
Copilot：主要是代码补全，写 for 循环、处理异常这些还行，但理解复杂需求不太行。
Cursor：图形界面，适合大段改代码。但我更习惯在终端操作，Cursor 得切来切去有点烦。

Claude Code：命令行为主，跟我日常工作流更契合。而且能直接执行脚本看结果，调试也方便。

我现在是这样：

写策略核心用 Cursor（可以边写边看图表）

写工具脚本用 Claude Code（快）

简单补全用 Copilot（省事）

各取所长吧。

没 Claude 账号咋办

可以换国产模型：

DeepSeek（便宜，代码能力还行）

通义千问（中文理解好一些）

Kimi（上下文长，适合处理大文件）

配置方法网上很多教程，改几个环境变量就行。

我测试过 DeepSeek，写数据清洗、API 对接这种没啥问题。但涉及到复杂逻辑，还是 Claude 理解得更准。

主要是便宜，DeepSeek 跑一个月才几块钱。

一点建议

如果你也想试试，我的建议：

1. 先从小脚本开始
别一上来就让它��交易系统。先让它帮你写个数据下载脚本、K 线可视化这种，熟悉下它的风格。
2. 默认模式保平安
写交易相关代码，建议用默认模式。每次改文件都确认一遍，虽然慢点但安全。
3. 代码一定要 review
它生成的代码不能直接用，必须自己过一遍。尤其是异常处理、边界条件这些，经常有漏洞。
4. 配合 Git 用
别完全依赖它的回滚功能。重要项目还是老老实实 commit，出问题了能完整回退。
5. 写好 https://t.co/rAD8OG04qt
把项目规范、注意事项都写清楚，省得反复提醒。这个文件写得越详细，它干活越靠谱。

最后说两句

Claude Code 对我来说就是个提效工具，不是万能钥匙。

它能帮你干重复劳动、搭框架、写工具脚本，但策略逻辑、风控、资金管理这些核心的东西，还是得靠自己的经验和理解。

毕竟币圈一个失误就是真金白银的损失，AI 再聪明也不会帮你负责。

不过话说回来，能把那些无聊的体力活交给它，把时间省下来专注策略本身，确实挺爽的。

[HashMental--猪八 @ZAotray]

🧵 2026 年，请放弃对 ETH 的“山寨幻觉”（NFA）

1. 先说结论：2026 年的 ETH 已经不是高 Beta 山寨了。

它正在完成从“进攻���成长股”到“核心基建”的终极跃迁。现在的 ETH 更像 Crypto 体系里的结算层资产，以及一个自带分红的准利率资产（Staking + MEV）。

直接后果：ETH 的波动性会持续向 BTC 靠拢，而不是去跟 SOL 拼刺刀。

2. 最常见的误区：混淆了“使用量”与“价格”。

别再问“有没有人用 ETH”了。Stablecoin、RWA、MMF、机构级结算，ETH 早就是默认的底层。

但价格捕获的路径变了：

Execution fee 被 L2 吃了。

主链退守 Settlement。

ETH 的价值��放路径比 2021 年要慢得多，也长得多。

3. ETH/BTC：别再死盯着 0.08 了。

2021 年的 0.08 是特定产物：单链叙事、DeFi/NFT 高度集中、L2 还没成气候。

2026 年的结构是完全不同的：多链并存、L2 主流化、ETH 退居幕后做结算。

我认为 ETH/BTC 会在一个新的中枢抬升，而不是重走泡沫。

合理区间：0.045 – 0.055。

4. 不猜顶，直接从 BTC 逻辑反推：

基于周期中后段的推演：

BTC 预期： $150k – $220k

ETH/BTC： 0.045 – 0.055

算出的价格矩阵：

$6k：偏保守的保底价

$8k – $9k：这一轮的结构中枢

$11k – $12k：所有变量同时顺风的极限上沿（模型上限，非目标价）

5. 2026 年 ETH 最大的风险，其实很“无聊”。

不是 SOL 的竞争，也不是监管和技术。

而是：ETH 变成了一个“大家都认可的好资产”，却不再是��个“好投机品”。

它会被配置、被长持、被当成底仓，但它很难再制造 FOMO。

价格会更稳，但也没那么容易爆。

总而言之：

2026 年的 ETH 是 Crypto 的压舱石资产，而非叙事驱动的翻倍币。它未必能大幅跑赢 BTC，但它是周期后半段，风险收益比最舒服的核心资产，没有之一

[HashMental--猪八 @ZAotray]

简单说就是总公司（L1）已经亲自把业务规模做上来了，外包公司（L2）如果没点不可替代的专业能力，就只能沦为普通的独立承包商

[vitalik.eth @VitalikButerin]

There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem, especially in the face of two facts:

* L2s' progress to stage 2 (and, secondarily, on interop) has been far slower and more difficult than originally expected
* L1 itself is scaling, fees are very low, and gaslimits are projected to increase greatly in 2026

Both of these facts, for their own separate reasons, mean that the original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path.

First, let us recap the original vision. Ethereum needs to scale. The definition of "Ethereum scaling" is the existence of large quantities of block space that is backed by the full faith and credit of Ethereum - that is, block space where, if you do things (including with ETH) inside that block space, your activities are guaranteed to be valid, uncensored, unreverted, untouched, as long as Ethereum itself functions. If you create a 10000 TPS EVM where its connection to L1 is mediated by a multisig bridge, then you are not scaling Ethereum.

This vision no longer makes sense. L1 does not need L2s to be "branded shards", because L1 is itself scaling. And L2s are not able or willing to satisfy the properties that a true "branded shard" would require. I've even seen at least one explicitly saying that they may never want to go beyond stage 1, not just for technical reasons around ZK-EVM safety, but also because their customers' regulatory needs require them to have ultimate control. This may be doing the right thing for your customers. But it should be obvious that if you are doing this, then you are not "scaling Ethereum" in the sense meant by the rollup-centric roadmap. But that's fine! it's fine because Ethereum itself is now scaling directly on L1, with large planned increases to its gas limit this year and the years ahead.

We should stop thinking about L2s as literally being "branded shards" of Ethereum, with the social status and responsibilities that this entails. Instead, we can think of L2s as being a full spectrum, which includes both chains backed by the full faith and credit of Ethereum with various unique properties (eg. not just EVM), as well as a whole array of options at different levels of connection to Ethereum, that each person (or bot) is free to care about or not care about depending on their needs.

What would I do today if I were an L2?

* Identify a value add other than "scaling". Examples: (i) non-EVM specialized features/VMs around privacy, (ii) efficiency specialized around a particular application, (iii) truly extreme levels of scaling that even a greatly expanded L1 will not do, (iv) a totally different design for non-financial applications, eg. social, identity, AI, (v) ultra-low-latency and other sequencing properties, (vi) maybe built-in oracles or decentralized dispute resolution or other "non-computationally-verifiable" features
* Be stage 1 at the minimum (otherwise you really are just a separate L1 with a bridge, and you should just call yourself that) if you're doing things with ETH or other ethereum-issued assets
* Support maximum interoperability with Ethereum, though this will differ for each one (eg. what if you're not EVM, or even not financial?)

From Ethereum's side, over the past few months I've become more convinced of the value of the native rollup precompile, particuarly once we have enshrined ZK-EVM proofs that we need anyway to scale L1. This is a precompile that verifies a ZK-EVM proof, and it's "part of Ethereum", so (i) it auto-upgrades along with Ethereum, and (ii) if the precompile has a bug, Ethereum will hard-fork to fix the bug.

The native rollup precompile would make full, security-council-free, EVM verification accessible. We should spend much more time working out how to design it in such a way that if your L2 is "EVM plus other stuff", then the native rollup precompile would verify the EVM, and you only have to bring your own prover for the "other stuff" (eg. Stylus). This might involve a canonical way of exposing a lookup table between contract call inputs and outputs, and letting you provide your own values to the lookup table (that you would prove separately).

This would make it easy to have safe, strong, trustless interoperability with Ethereum. It also enables synchronous composability (see: https://t.co/9jy6v1X6Fw and https://t.co/gZmu3YjebM ). And from there, it's each L2's choice exactly what they want to build. Don't just "extend L1", figure out something new to add.

This of course means that some will add things that are trust-dependent, or backdoored, or otherwise insecure; this is unavoidable in a permissionless ecosystem where developers have freedom. Our job should make to make it clear to users what guarantees they have, and to build up the strongest Ethereum that we can.

[JackYi @Jackyi_ld]

大家都很疑惑，我们在大量买入，BMNR和微策略在买入，CZ在喊超级牛市周期，但是币价一直疲软和震荡，原因到底是什么，毕竟股市，黄金/白银都涨疯了，我们看来主要几个原因，一个是四年周期和1011暴跌影响，一个日元加息影响，一个是美国BTC战略储备没有新买入，一个是空头疯狂利用这个时机砸盘，一个是避险资金在黄��和股市。但是反向思维分析，在这么多利空出现的时刻，ETH依旧稳在3000上下震荡洗盘，这也是我们在4500清仓后决定建仓的原因，很多人建议我们再等等买入，会有更好的价格买入点，但是投资交易没有上帝视角，很难知道这一段最低点是什么，投资和投机的区别是，我们很难做短线交易，哪怕浮盈不少也是不动，以中长期时间线定买入和卖出策略。

[HashMental--猪八 @ZAotray]

以太坊正越来越受到全球金融机构的关注，成为他们在代币化资产、去中心化金融和跨境支付等领域探索新机会的热土。许多大型机构都在利用以太坊的强大功能和灵活性，推动金融创新，实现更高效、安全的交易和结算方式。

[Ethereum @ethereum]

Ethereum is the #1 choice for global financial institutions.

Over the last few months, adoption has accelerated. Here are 35 stories of how institutions are building on Ethereum.

1/ @krakenfx launched xStocks on Ethereum, issuing tokenized versions of popular U.S. stocks and ETFs as ERC-20 tokens.

Kraken’s eligible clients can now deposit and withdraw fully collateralized equities, directly on Ethereum.

2/ @OndoFinance launched Ondo Global Markets on Ethereum with 100+ tokenized U.S. stocks & ETFs.

24/7 access to programmable equities, backed by real securities, is now available alongside DeFi integrations for lending, trading, and more.

3/ @ChinaAMC_HK launched its Select USD Money Market Fund on Ethereum, one of the first tokenized funds from a major Chinese asset manager.

One of Asia’s largest firms (over $449B AUM) now provides access to high-quality, short-term USD instruments with 24/7 settlement.

4/ @Fidelity introduced the FDIT tokenized money market fund on Ethereum.

The Fidelity Digital Interest Token (FDIT) brings the bank’s investors the speed of onchain settlement alongside the stability of traditional instruments.

5/ @Google announced the Agent Payments Protocol (AP2), enabling AI agents to autonomously execute payments using stablecoins on Ethereum.

Built in collaboration with The Ethereum Foundation, Coinbase, MetaMask, and others, AP2 allows AI to transact securely, bridging the gap between automated intelligence and finance.

6/ @UBS, @PostFinance, @sygnumofficial, and the Swiss Bankers Association successfully piloted Deposit Tokens on Ethereum.

By demonstrating legally binding cross-bank settlement on Ethereum’s public infrastructure, the proof-of-concept paves the way for programmable, instant, cross-institution settlement.

7/ Santander’s @openbank_es launched ETH trading services in Germany, allowing customers to buy, sell, and custody ETH directly through their bank accounts.

This integration is a strong signal of institutional confidence in ETH under MiCa regulation.

8/ @AmericanExpress launched Amex Passport, blockchain-based travel stamps minted as NFTs on Ethereum L2 @base.

Cardholders can now create an onchain record of experiences and memories from international trips, blending loyalty rewards with digital ownership.

9/ The first tokenized S&P 500 Index Fund licensed by @SPDJIndices, SPXA, was launched by @centrifuge on Base.

10/ SWIFT and 30+ banks are designing a blockchain ledger to support tokenized assets and real-time, 24/7 cross-border payments alongside existing financial systems, starting with a prototype with Consensys.

@swiftcommunity connecting 11,500+ institutions globally will create a bridge between traditional finance and onchain value.

11/ @SocieteGenerale FORGE, an integrated subsidiary of the 161-year-old commercial bank, deployed EURCV & USDCV lending and trading on Ethereum DeFi protocols Morpho and Uniswap.

One of the largest custodians in Europe now provides institutional-grade collateral and liquidity for DeFi markets.

12/ @Stripe expanded its crypto support on Ethereum to include stablecoin-based subscriptions and recurring billing.

Hundreds of thousands of companies that use Stripe can now accept USDC for subscriptions with automatic renewals, building on Ethereum for lower-cost payments with near-instant settlement.

13/ @Securitize and @FGNexusio tokenized the FGNX stock on Ethereum, representing the first NASDAQ-listed preferred equity issued fully onchain.

Ethereum is the platform to build programmable assets that bring public markets to the digital age.

14/ @AntGroup, the fintech behind @Alipay, launched @JovayNetwork, a L2 for institutional tokenization.

The company behind one of the world's largest retail platforms is now building global institutional settlement for tokenized assets on Ethereum.

15/ @jpyc_official launched the world's first yen-pegged regulated stablecoin on Ethereum.

Complaint, programmable yen transactions are now available worldwide, backed 1:1 by yen reserves under Japan’s Payment Services Act.

16/ @BNYglobal and Securitize announced a tokenized AAA-rated CLO fund on Ethereum.

Institutional credit moving onchain brings liquidity and transparency to traditional asset classes.

17/ Google partnered with @Polymarket, integrating onchain prediction market data to Google search results.

The largest search provider now leverages the Ethereum ecosystem as a primary source of truth.

18/ @StartaleGroup released the Startale App, a SuperApp for @soneium's growing Ethereum L2.

Mainstream users in the Soneium L2 ecosystem can now access simple onchain interactions and rewards with a unified platform for wallets, assets, and apps.

19/ @jpmorgan migrated its tokenized deposit product, JPM Coin (JPMD), from its internal permissioned blockchain to Base.

Moving from a private chain to an Ethereum L2 will meet demand from JPMorgan’s institutional clients for payments, collateral, and margin settlement on public infrastructure.

20/ @Mastercard announced it will build on Ethereum L2 @0xPolygon to expand its Crypto Credential program to self-custody wallets.

Working with @mercuryo_io, the expansion will allow Mastercard users to send crypto using verified, human-readable aliases.

21/ @Amundi_ENG, Europe’s largest asset manager ($2.75T AUM), launched a tokenized share class of its euro money market fund on Ethereum mainnet.

Bringing traditional cash management onchain unlocks 24/7 settlement and composability for euro-denominated capital.

22/ Sony Bank announced plans to launch a USD-pegged stablecoin on @soneium, its Ethereum L2, in early 2026.

From gaming to finance, Sony is building its ecosystem’s home base on Ethereum.

23/ @WisdomTreeEU introduced the world’s first physically-backed ETP for @LidoFinance Staked Ether.

The fund will provide European investors with regulated exposure to the spot price of stETH and its ETH staking rewards.

24/ The @CFTC announced a pilot program that will allow ETH, BTC, and USDC to be used as collateral in US derivatives markets, alongside new guidance on using tokenized assets as collateral.

This marks a significant shift in how ETH and other digital assets can be integrated into regulated US markets.

25/ @BlackRock filed for a staked ETH ETF.

Following the success of their spot ETH ETF, this filing seeks to unlock the value of Ethereum's native staking reward rate for traditional investors.

26/ The @ADI_Foundation, backed by IHC, announced the mainnet launch of institutional L2 @ADIChain_, part of the @zksync Elastic Network.

Supported by the UAE's largest conglomerate, ADIChain will host the country's regulated stablecoins and aims to bring 1 billion people onchain across the Middle East, Asia and Africa.

27/ JP Morgan launched MONY, their first tokenized money market fund, on Ethereum mainnet.

The firm seeded the fund with $100M of its own capital, signaling their commitment to public chain tokenization.

28/ @coinbase announced Coinbase Tokenize, built on Base, as their new end-to-end institutional platform for tokenizing RWAs.

Combining issuance, custody, compliance, trading, and infrastructure, the new product will streamline the process of bringing assets like tokenized stocks, equities, funds, and real estate onchain in the Ethereum ecosystem.

29/ @RobinhoodApp added 500 tokenized assets on @arbitrum, bringing their platform to nearly 2000 assets tokenized.

With over $14M in total tokenized value, Robinhood continues deepening their integration with Ethereum’s L2 ecosystem.

30/ @BlackRock, @Mastercard, and @FTI_Global partnered with the ADI Foundation in the UAE, builders of the ADIChain L2.

The group will explore tokenized asset structures, digital asset regulatory frameworks, stablecoin settlement, and cross-border payment infrastructure.

31/ @SoFi became the first national US retail bank to issue a stablecoin (SoFiUSD) on a public, permissionless blockchain.

Launched on Ethereum, SoFiUSD will first be used for faster, cheaper internal settlements for the fintech giant and its partners.

32/ @telcoin launched eUSD on Ethereum and Polygon, a regulated U.S. dollar stablecoin issued by Nebraska state-chartered digital asset depository institution Telcoin Digital Asset Bank.

The launch marks another milestone in U.S.-regulated banks issuing stablecoins directly on public blockchains, bringing traditional regulated banking to the Ethereum ecosystem.

33/ @Grayscale distributed the first ETH staking rewards to ETHE ETF shareholders.

In a first for US regulated products, investors received Ethereum’s native yield directly, proving that staked ETH ETFs can deliver the economic utility of the network.

34/ @MorganStanley filed for a Staked Ether ETF, doubling down on its crypto strategy.

One of the world’s largest wealth managers is moving beyond spot exposure to capture Ethereum’s native staking yield for clients, signaling a shift to productive participation.

35/ The ADI Foundation partnered with M-Pesa to bring 60M+ users onchain.

Africa’s largest mobile money platform is integrating blockchain rails to power instant cross-border payments and stablecoin transactions, merging massive fintech scale with Ethereum’s global settlement layer.

—

Ethereum is the trusted, global settlement layer for real-world adoption, used by institutions, governments, and enterprises worldwide.

Learn more about building on the institutional liquidity layer: https://t.co/jUshBvAXKa

[交易禅师 @shabi2026]

说真的，你可能真不是炒币的料了

开头嘲讽 E卫兵、易礼华没希望的人是你，现在加仓追高的人又是你

你真的有想过为啥 ETH 这次能这么猛吗？

原因很简答，
3600万枚ETH质押、占流通量30%、质押/退出比15:1

但我知道，
这三组数字，99%的人根本看不懂它的真实含义。

打开质押页面。APY：3-4%。
散户脑子里立刻开始算账：
"质押1枚ETH，一年才赚0.03-0.04枚？"
"我炒MEME币，一天就能翻倍！"

于是他们的���择是：不质押，保持流动性。
追热点：AI概念、MEME季、山寨币轮动。
在横盘期频繁换仓，追逐短期波动。

这就是第一层认知的界限。

有经验的交易者会打开链上数据面板。
质押量：3600万ETH
占流通供应量：30%

历史对比：
2020年ETH 2.0启动：质押率<5%
2022年合并后：质押率15%
2026年1月：质押率30%

他们理解了一个基本逻辑：
30%供应被锁定 = 流动性减少 = 价格弹性增加

同时，质押率翻倍（从15%→30%）。
流动性枯竭，任何买盘都会放大价格波动。
但他们依然不知道：
-为什么现在质押？
-为什么机构在加速质押？
-谁在推动这场质押潮？

这就是第二层认知的人，会看技术面。

聪明钱从来不看APY，只看筹码结构。
他们打开链上分析工具：
质押vs退出比例：15:1
这意味着什么？
每15个人选择质押，只有1个人选择退出。

再看机构动向：
BitMine的动作：
-从被动持有→转为主动质押
-计划Q1将持有比例提升至5%
ETH ETF资金流：
-1月15日单日流入$130 million
-机构不是短期投机，而是长期配置

2020年，机构开始质押ETH。
大量散户觉得"APY太低"退出。
然后呢？
ETH从$400一路涨到$4,800，涨幅12倍。

今天的场景和当年何其相似：
机构在质押，散户在退出。
质押/退出比达到15:1，筹码集中度创新高。

这就是第三层认知的人，会通过历史和细节进行交叉验证。

质押不是为了赚利息。质押是为了不卖。
下次看到质押数据，别只问APY是多少。
问自己：机构为什么在锁筹码？

[HashMental--猪八 @ZAotray]

V神关于eth最新展望的长文：

以太坊应该能够��立运行，即使它的开发者不再维护它。它应该像工具一样，一旦用户拥有，就不再依赖供应商。例如，即使供应商放弃维护，这个平台上的应用程序也应该正常运行。

为了实现这一点，以太坊需要确保以下几个方面：

量子抗性：以太坊的加密方法需要足够强大，以在未来数百年都能抵御量子计算攻击。

扩展能力：它需要能够扩展到每秒处理数千笔交易，而不依赖于持续的复杂更新。

长期稳定的架构：保证在未来几十年中，即使交易量很大，也不会影响性能。

灵活的账户系统：使得用户的账户操作更加通用，不局限于当前的签名验证方式。

安全的交易费用机制：确保不会因为费用表设置不当而遭受攻击。

去中心化的经济模型：经过长时间的发展，权益证明应该已经成熟，支持去中心化的经济活动。

抗审查的区块构建：确保区块的生成不会因外界压力而被中心化。

通过实现这些目标，以太坊可以在很长时间内保持高效、安全和去中心化。这样，即使将来开发者停止更新，以太坊依然能平稳运行。

一句话概括：V神想创造永恒之链

[vitalik.eth @VitalikButerin]

Ethereum itself must pass the walkaway test.

Ethereum is meant to be a home for trustless and trust-minimized applications, whether in finance, governance or elsewhere. It must support applications that are more like tools - the hammer that once you buy it's yours - than like services that lose all functionality once the vendor loses interest in maintaining them (or worse, gets hacked or becomes value-extractive). Even when applications do have functionality that depends on a vendor, Ethereum can help reduce those dependencies as much as possible, and protect the user as much as possible in those cases where the dependencies fail.

But building such applications is not possible on a base layer which itself depends on ongoing updates from a vendor in order to continue being usable - even if that "vendor" is the all core devs process. Ethereum the blockchain must have the traits that we strive for in Ethereum's applications. Hence, Ethereum itself must pass the walkaway test.

This means that Ethereum must get to a place where we _can ossify if we want to_. We do not have to stop making changes to the protocol, but we must get to a place where Ethereum's value proposition does not strictly depend on any features that are not in the protocol already.

This includes the following:

* Full quantum-resistance. We should resist the trap of saying "let's delay quantum-resistance until the last possible moment in the name of ekeing out more efficiencies for a while longer". Individual users have that right, but the protocol should not. Being able to say "Ethereum's protocol, as it stands today, is cryptographically safe for a hundred years" is something we should strive to get to as soon as possible, and insist on as a point of pride.
* An architecture that can expand to sufficient scalability. The protocol needs to have the properties that allow it to expand to many thousands of TPS over time, most notably ZK-EVM validation and data sampling through PeerDAS. Ideally, we get to a point where further scaling is done through "parameter only" changes - and ideally _those_ changes are not BPO-style forks, but rather are made with the same validator voting mechanism we use for the gas limit.
* A state architecture that can last decades. This means deciding, and implementing, whatever form of partial statelessness and state expiry will let us feel comfortable letting Ethereum run with thousands of TPS for decades, without breaking sync or hard disk or I/O requirements. It also means future-proofing the tree and storage types to work well with this long-term environment.
* An account model that is general-purpose (this is "full account abstraction": move away from enshrined ECDSA for signature validation)
* A gas schedule that we are confident is free of DoS vulnerabilities, both for execution and for ZK-proving
* A PoS economic model that, with all we have learned over the past half decade of proof of stake in Ethereum and full decade beyond, we are confident can last and remain decentralized for decades, and supports the usefulness of ETH as trustless collateral (eg. in governance-minimized ETH-backed stablecoins)
* A block building model that we are confident will resist centralization pressure and guarantee censorship resistance even in unknown future environments

Ideally, we do the hard work over the next few years, to get to a point where in the future almost all future innovation can happen through client optimization, and get reflected in the protocol through parameter changes. Every year, we should tick off at least one of these boxes, and ideally multiple. Do the right thing once, based on knowledge of what is truly the right thing (and not compromise halfway fixes), and maximize Ethereum's technological and social robustness for the long term.

Ethereum goes hard.

This is the gwei.

[HashMental--猪八 @ZAotray]

E卫兵报到!

[很大很大的橙子 @0xVeryBigOrange]

你别说，我真信：

渣打银行表示，以太坊在稳定币、RWA 和 DeFi 领域的主导地位及网络吞吐量提升，将支撑 ETH 在 2026 年跑赢比特币，并预计 ETH/BTC 比值有望回升至 2021 年高位附近（约 0.08）。渣打同时下调 2026–2028 年 ETH 短期价格目标（2026 年 7500 美元），但上调长期预期，将 2029 年目标提高至 3 万美元，并新增 2030 年 4 万美元目标。

[HashMental--猪八 @ZAotray]

不会是自费的采访吧🤣

[TIGER @tiger_web3]

孙哥这段采访太经典了 😂

主持人：“你几岁成的百万富翁？”

孙哥：“不好意思，我是亿万富翁。”

主持人：“巴菲特午餐聊了啥？”

孙哥：“他让我别买比特币。这正是我买比特币的原因。”

主持人：“如果你明天就挂了，留给世界的一句话？”

孙哥：“Buy Bitcoin.”

霸气啊！我就问一句，我囤TRX行不行？
@justinsuntron

[HashMental--猪八 @ZAotray]

2026祝各位老兄投资如风，财富自由

[HashMental--猪八 @ZAotray]

All time highs

[Binance @binance]

Write a happy story in 3 words

[HashMental--猪八 @ZAotray]

大家节日快乐!Last page, good vibes only🫡

[HashMental--猪八 @ZAotray]

发币-发疯-发律师函

[Andy | 点睛 @0xCPT_Capital]

下一波牛市大家应该玩的就是主流+美股了，meme沦为跟nft一样的垃圾流动性标的，现在开始学习美股吧同志们

[CM @chenmo]

抄底的选择，我觉得不需要纠结是买 $BTC 还是 $ETH, 都买是简单模式，因为除了这两个，已经没有第三个可以让你放心大胆去抄底的加密资产了。

如果以太坊有一天退出历史舞台，那么证明以技术为主线的Crypto彻底失败了，比特币可能还在，但其他资产都会消失。

[HashMental--猪八 @ZAotray]

TRUE

[大�� @BTCdayu]

今天听到一��话，感觉振聋发聩：

定投哪种资产，都不如定投认知！

[HashMental--猪八 @ZAotray]

自2008年以来，比特币和加密行业从小众走向了主流接受。尽管市场有波动，但这是走向成熟的过程。

现在的投资者要转变思维，关注行业的真实发展，而不是只期待价格��涨。加密行业从炒作到合规应用，这是一种进步。比特币可能越来越像长期资产，而稳定币或许是未来的关键。

面对不断变化的市场，用旧思维是行不通的，重要的是避免重大错误，确保自己在市场中生存。通过稳健的策略来赚到、守住、复利，实现长期成功。

[HashMental--猪八 @ZAotray]

@0xVeryBigOrange 搞这些就说明现在的行情属于垃圾时间

[HashMental--猪八 @ZAotray]

Custody education matters.

[U.S. Securities and Exchange Commission @SECGov]

Curious about crypto wallets and how to store and access crypto assets? Check out our Crypto Asset Custody Basics Investor Bulletin.
https://t.co/x4HMYMHLAe