加密货币简报：技术分析特辑与加密货币抵押贷款现已上线！

我的意思是，当你把这两者这样放在一起时，我们几乎就正好处在那个锚定VWAP的夹心层中间，可以说是处于无人区。

I mean, man, when when you put those two together like that, I mean, we are in, quote right smack dab in the middle of that anchored VWAP sandwich almost in no man's land, if you will.

所以从宏观角度来看，这又说得通了。

So it makes sense again with just the macro, man.

所有这些，你知道的，在任何市场中都是有道理的。

It just it makes sense all all these, you know, in any in any market.

还有一件事，这跟宏观有关，我看了VIX指数，发现VIX也处在无人区。

And another thing, this is macro related, but I was looking at like the VIX and the VIX is kind of in no man's land as well.

对于传统市场来说，VIX有时是衡量波动性的指标。

Like sometimes for the traditional markets, the VIX is a measure of volatility.

对吧？

Right?

还有你刚才提供的那些数据。

And there's the stats that you just gave.

我特别喜欢你提供的那个数据：在比特币下跌50%时买入，一年后有93%的盈利概率。

I really enjoyed the stats you gave of buying Bitcoin at 50 percent drawdown is 93% profitable a year later.

这个小数据点很棒，我真的很喜欢。

That was a great little stat, but I really enjoyed that.

我还在看一些关于VIX的数据，当时想到，当VIX达到某个水平，大概是三十左右。

And I was I was looking at some stats from the VIX and it was like, hey, you know, when the VIX hits, I think the levels, it's something in the thirties.

比如说30，我们就姑且说是32或35吧。

It's like, if it's a 30, let's just call it like a 32 or 35.

如果你在VIX达到35时买入，一年后，这类交易盈利的概率会高很多，因为那时市场往往已经上涨了。

If you buy the VIX at a 35, you know, a year later, there's a, you know, the probability of being profitable in those trades is the market's going to be higher, is a lot higher.

而目前VIX正徘徊在二十多点的无主地带。

And the VIX is just kind of hanging out in no man's land in like the twenties right now.

所以你现在得不到那种机会。

And so you're not getting that.

就像回溯到去年的解放日，如果你拉开来看，你就没看到市场那种极度恐慌、疯狂抛售的剧烈波动。

Like if you go back to liberation day of last year and you could zoom out like you're not getting that huge flush of the market where it's peak fear, right, and it's peak selling.

而那种波动才是市场见底、随后上涨的坚实基础。

And that's the durable bottom for things to go higher.

我们现在处于一种状态，知道战争正在进行，人人都知道它终会结束，不可能永远持续下去，油价也不可能无限上涨，因为大家都知道有个‘特朗普式托底’，但这也意味着没有人会在宏观层面陷入最大的恐惧情绪。

We're kind of in this, okay, we know the war's going on, everybody's but we know it'll end, it can't go on forever, the oil can't go higher because everybody knows there's kind of like a Trump put, but that means that nobody's getting into that max fear on the macro level.

我认为加密货币领域有一些我们讨论过的股票，当然还有加密货币，但像软件行业，有太多项目和股票已经下跌了三四十甚至百分之五十。

I think crypt there's certain stocks we covered crypto obviously, but like the software, there's so many like projects and stocks down, you know, thirty, forty, 50% in software and crypto.

所以有些领域确实被重创了，但如果我们从VIX的角度宏观来看，就会发现，也许我们还没完全释放出这种情绪。

So there's certain areas that have gotten absolutely nailed, but we just that that zoom out of the VIX there kind of shows you just like, okay, maybe we haven't flushed this thing out yet.

你觉得呢，布伦丹？

Thoughts on that, Brendan?

我今天早上刚上线前其实就在想这件事。

I kinda just was thinking that this morning before we hopped on.

我没把它写在表格里什么的。

I didn't put it on the sheet or anything.

这真是个不错的想法。

It's a real thought.

我今天早上也在想同样的事情。

You know, I was going through the same thing this morning.

对吧？

Right?

我们正在出现崩盘。

We're getting the breakdown.

我的想法是，通常你会经历一个巨大的抛售高潮，但至少在传统市场中，我们还没真正看到这一点。

My thought is that usually you get this, like, big blow off moment, and we just have not quite gotten that yet, at least not in the traditionals.

在加密货币领域，你可以说，嘿。

In crypto, you could argue, hey.

我们之前那次下跌是在二月吗？

That move down that we we had in was it the February?

可能是那一次。

Might have been it.

但我认为我们可能会看到类似这样的时刻。

But I think it's possible that we see a moment like that.

你会看到VIX飙升到40以上甚至50，那时我们可能才接近底部。

You see the VIX go to 40 or above that or 50, and maybe then we get close to a bottom.

说实话，我不确定。

You know, truthfully, I'm not sure.

我觉得我们可能还会有一些下行空间。

I think that it would it seems likely, like, that we have a little bit more downside.

但你的说法才是问题所在。

But you're way it's the problem.

问题是

The problem is

这很难。

It's hard.

但我们一开始就说好了，不会过多讨论宏观话题。

Isn't well, we said at the jump of the show, we're not gonna talk too much macro.

这就是问题所在，坦诚地对听众说实话，真的让人很沮丧。

This is the problem as and it's just frustrating to open up and be completely honest with the listeners.

现在的市场太难了，因为你离一条推文就差那么一点。

It's like, it is such a hard market right now because you're one tweet away.

你实际上就差一条推文，就会完全站错边，然后回头一看，VIX指标正盯着四月份，那根像帝国大厦一样陡峭的K线，正是关税动荡期间恐惧情绪的顶峰，当时没人知道发生了什么。

You're literally one tweet away from being completely off sides and going back and you and you you have the VIX here looking at April and that absolute Empire State Building candle that was peak fear during the tariff drama, and nobody knew what was going on.

如果你有我们节目中详细讨论过的那位人士，我和你特别提过他。

And if you had the guy we covered it very well in the show, me and you specifically.

我们有过几次不错的预判，我记得。

We had a couple nice leaps, I remember.

我们看穿了它，心想这不会持续太久，但我们当时也不确定。

We saw through it, and we're like, this isn't gonna last, but we didn't know.

最终，你还是被甩在了错误的一边，我觉得这里的风险显然更高，尤其是在信息混乱的时候，但你就是差一条推文，就会在你交易的任何市场——石油、股票、加密货币，任何市场——彻底站错边。

And then eventually, you just got caught off sides and it feels I think the stakes are a lot higher here, obviously, when in the fog of war, but it's just you you you're one tweet away from being completely off sides in whatever market you trade, oil, stocks, crypto, anything.

这无关紧要。

It doesn't matter.

你差一条推文就会站错边。

You're one sweet away from being offsides.

我认为这就是为什么VIX一直卡在那个无人区的原因。

And I I think that's why that VIX is just stuck in that no man's leg.

你说得对。

You're right.

我的意思是，我记得那个。

I mean, I remember that.

我在这里的图表上看到了。

I have it up on the chart here.

那是接近16%的波动，Tether。

It was a near 16% move, Tether.

在纳斯达克，从低点到高点上涨了16%，超过2600点。

On Nasdaq, it was a 16% move from bottom to top, over 2,600 points.

然后就突然之间，啪的一下。

And that was just like, boom.

一条推文发布，一切全反转了。

One tweet happened, everything reversed.

这就是我对这个区域持怀疑态度的原因。

And that's what I am skeptical of around this zone.

你知道吗，当你回头看比特币和任何东西时，我觉得我们只差一条帖子，就会让一切彻底反转，进一步下跌。

You know, you go back to Bitcoin and and anything, I think we're one post away from just everything reversing away from where it's where it's at and breaking down further.

所以，说实话，很难说。

So, you know, it's hard to say.

我认为技术面和其他因素都在表明：嘿，

I would say the technicals and and everything are pointing, hey.

我们还得再跌一跌。

We need to go lower.

但随时可能冒出一条帖子，然后我们就反转了。

But at any moment, that that post comes out and we're reversed.

所以市场再次如此，我们之前说过。

So the markets are again, we've said this.

市场情绪化。

They're emotional.

目前市场是由催化剂驱动的。

They're catalyst driven at the moment.

所以我想在这方面小心一点，但我非常愿意进行美元成本平均法，趁此回调买入。

So I want to be a little bit careful because of that, but I'm very much willing to do some dollar cost averaging and buy this dip.

我认为从中可以获得长期的成功。

I think there's long term success that comes out of it.

好的。

Alright.

很棒的心理疏导。

Great therapy session.

我们以一个‘不’来结束吧。

Let's end on one no.

再一个。

One more.

调出

Pull up

图表。

the charts.

再问一个问题。

One more question.

节目的朋友。

Friend of the show.

他在聊天室里。

He's in the chat.

他想要那个强盗。

He wanted the bandit.

他想要XLM。

He wants XLM.

所以给一点XLMTA，然后我们继续接下来的节目。

So give a little XLMTA, and then we're gonna move on to the rest of the show.

我对XLM有点不同的看法。

So I got a little bit of a hot take about XLM.

够劲爆。

Spicy.

周五来点刺激的。

Spicy on a Friday.

事情会越来越精彩。

It's gonna get spicy.

如果你是它的粉丝，我先道歉。

You know, I apologize if you're a fan of it.

但在我看来，XRP 是 XLM 图表的更好版本，而 XRP 表现不佳。

But to me, XRP is a better version of the XLM chart, and XRP is underperforming.

所以我觉得 XLM 更是目前我不想碰的东西。

So I just view XLM as even more so just not something I wanna touch at the moment.

它的走势和 XRP 非常相似。

It behaves very similarly to XRP.

你看看过去几年这个东西的表现。

You look at thing this thing over the last several years.

唯一的区别是，XLM 未能创出新高，也没能突破前期高点。

The only difference is that XLM has failed to make higher highs and push up to the highs.

你看看自2018年以来的情况，然后2021年有一次大幅上涨，接着2024年又涨了一波，但每次大行情之后，高点都在不断降低。

You look at it since 2018, and then it's run-in 2021, and then it's run over here in 2024, and it's continually making lower highs after each mega rally.

在这些大行情之间，价格会下跌。

Now in between these mega rallies, it goes down.

在长时间大幅下跌后，它会进入盘整阶段。

It consolidates after moving downwards a lot for a long period of time.

这属于那种通常表现低迷，直到出现催化剂才会改变的资产。

And, again, this is one of those assets that tends to underperform until it has a catalyst to do otherwise.

一旦出现转机，它就会变成极度强势的资产。

Then it shifts gears, and it becomes an extreme overperformer.

所以我看待它的方式是：它要么毫无表现，要么就爆发出100%的涨幅。

So that's the way that I look at this is it's it's either doing zero or a 100.

它要么会迎来爆炸式上涨。

It's either going parabolic.

你看，这次它就涨了3000%。

You know, here it did 3000%.

你知道吗，这里它涨了2500%。

You know, here it did 2500%.

这里又涨了800%。

Here it did another 800%.

你知道吗？

You know?

就连这次最小的反弹，也涨到了130%。

Even this most little rally, it got over here, a 130%.

它总是经历这些巨大的反弹。

It goes on these mega rallies.

但在这些反弹之间，它往往表现不佳。

But in between those, it tends to be an underperformer.

它通常表现得不那么好。

It tends to not do as well.

所以我认为，除非有入场的理由，除非我看到反转的催化剂，否则我会远离它。

And so I think until there is a reason to get in, until I see that catalyst for a reversal, I stay away from it.

一旦它再次开始向上走势，我就喜欢抓住这些机会。

And then once it starts, you know, behaving towards the upside again, I like to to act on these.

所以，就我个人而言，我知道XLM和XRP不同，但它们的表现很相似。

So, again, me personally, I know XLM and XRP are different, but they just behave similarly.

对于XRP，你获得的上行空间略少，但通常下行风险也更小。

With XRP, you get slightly less upside, but you also typically get less downside.

因此，我因为这一点更倾向于它。

And so I favor it a little bit more because of that.

就在那儿。

There it is.

真想听听，顺便再听听布伦丹那边的草坪剪草声。

Love to hear it along with some some grass clippings out by Brendan.

这是佛罗里达。

It's Florida.

春天来了，宝贝。

It's springtime, baby.

我们得割草了。

We gotta cut the grass.

谢谢你的分享。

Thank you for that.

如果你们对刚才那段内容感兴趣，也就是布伦丹关于技术分析的深入讲解，我们有一个六周课程，你们可以学习他用于图表分析的所有流程和工具的全部内容。

Again, if you guys are interested in what that segment was, Brendan's deep dive into technical analysis, we have a six week course where you get to learn just the six weeks of all the process and the tools that he uses for charting, learn the ins and outs of it.

这是微牛市课程，你们每周会有两次与布伦丹一起的实时交易，每次一小时。

It's the micro bull run course and you get live trading with Brendan twice a week for an hour.

当前招生开放中。

Cohort is open.

你经常听到这种说法。

You hear it all the time.

嘿，还没开放呢。

Hey, it's not open.

还没开放。

It's not open.

现在是开放的。

It is open.

今天就是今天。

Today is the day.

点击播客中的链接。

Click the link in the podcast.

点击YouTube中的链接并查看一下。

Click the link in YouTube and check it out.

我知道Brendan非常希望你能加入。

I know Brendan would love to have you.

接下来，我们有很多基本面新闻。

Moving on, we got tons of fundamental news.

我们刚才那场关于市场表现的小小心理疏导还挺不错的。

Let's we had our nice little therapy session there of how markets are acting.

但再说一遍，朋友们，加密货币的基本面一直在持续增强、增强、再增强。

But again, guys, just the fundamentals in crypto just keeps building and building and building.

本周我们首要关注的大事是Coinbase正在开发加密货币贷款业务。

The big one this week that we're leading off with is Coinbase is working on crypto just in general, crypto backed loans.

加密货币抵押贷款已经到来，正在帮助数百万美国人实现购房梦想。

Crypto backed mortgages are here, increasing home ownership for millions of Americans.

这些内容我们之前在节目中已经讨论过。

It's stuff that we've covered on the show.

我认为我们一直都在谈论一些项目试图实现这一点，但在没有Coinbase这样的大公司支持的情况下，大规模采用仍然很困难。

I think we've been talking about different, maybe some projects trying to do this and implement it, but the adoption is hard at a larger scale when you don't have the backings of somebody like Coinbase.

看到他们推出这项服务，真的非常有趣。

So really interesting to see them roll this out.

无需将你的资产变现，直接使用BTC或USDC作为首付抵押来购房。

Buy a home without converting your portfolio by using BTC or USDC as collateral for your down payment.

这又是一个我们之前看到的新闻头条。

Again, this is is something that we saw as a headline.

而且正如我刚才所说，我们之前已经讨论过，但很少有人真正实施。

And again, like I just said, we covered it before and you haven't seen too many people implement it.

我知道有些人已经这么做了。

I know some have.

我觉得我们甚至在播客里邀请过他们，但要实现这一点门槛高得多，你必须拥有更多的资产。

I think we even had them on the podcast, but there's such a bigger threshold to be able to do it and you had to have so much more holdings.

我觉得像这样的举措，尤其是由Coinbase推动，将为更多人打开大门。

I feel like something like this, especially with Coinbase, is going to open the door to a lot more people being able to do it.

所以你开始算一笔账：如果你多年来一直在积累聪（Sats），积累了大量收益，又不想卖出，不愿意因出售比特币来购房而产生应税事件，这似乎能释放大量资金。

And so you start doing the math like, hey, if you're somebody who stacks Sats for years and you're sitting on all these gains and you don't like selling, don't want to sell your Bitcoin and you don't want to cause a taxable event of selling your Bitcoin to buy a property, this seems like it's gonna unlock a lot of capital.

而且，Coinbase推出这项服务，我认为将使其普及到大众。

And again, Coinbase doing it, I think rolls it out to the masses.

那么，布伦丹，你对这个有什么看法？

So Brendan, what did you see about this?

我知道你那边可能有点割草机的背景噪音，但尽量说吧，你对这件事怎么看？

I know you might be dealing with a little lawnmower background noise, but let's the best you can, what what's your take on this?

是的。

Yeah.

我认为这件事的重要性超过人们的想象。

I I think that this matters more than people think.

对吧？

Right?

表面上看，你可能会说，我不确定自己会不会这么做。

At face value, you might say, I don't know if I would do this.

但你会惊讶地发现，尤其是来自加密货币领域的人，经常有人提出这样的需求。

You'd be surprised how often someone wealthy, especially from the crypto side, has has asked to do this.

我在YouTube频道上见过这种情况，当然，也许他们是在用这类内容吸引点击。

I've seen it on YouTube channels, which, you know, maybe they're clickbaiting with this kind of stuff.

但我确实在YouTube频道、不同电视节目以及其他地方见过有人提出这样的需求。

But I've seen people in YouTube channels, on different TV shows, in different places.

我了解一些真实的案例。

I know real life experiences.

我跟房产中介聊过，确实有人问过这个问题。

I've talked to realtors, and people have asked this.

我的意思是，这确实是一个真实的问题，我认为房地产经纪人被问到这个问题的频率比你想象的要高。

I mean, it's it's legitimately been been a real question where I think that this gets asked to realtors more often than than you might think.

当然，这并不是经常发生的事。

Now it's obviously not a frequent occurrence.

对吧？

Right?

这并不是每天都会发生的事，所以我并不是想说每个房地产经纪人都每天被问到是否可以用加密货币支付。

It's not an everyday thing, so I'm not trying to to say that every single realtor is asking is being asked if they can pay in crypto every single day.

情况并不是那样的。

It's not quite like that.

但再说一次，我认为这处于一个中间地带——比普通人想象的要更频繁，但也不是每个房地产经纪人都每天被问到这个问题。

But, again, it's I think it's somewhere in between where it's more frequent than the average person would expect, but it's not like every realtor is being asked about this every single day.

这算是一个适度的平衡，不过你说得对。

It's a little bit of a happy medium there, but it you're right.

很好。

It's good.

我们在这里看到的是支付系统与人们实际可以消费和使用加密货币的场景之间正在形成一座桥梁。

And what we see here is we're seeing a bridge happen between the payment systems and what people can actually spend and use their crypto on.

我们在之前的几次简报中讨论过万事达卡和其他机构在做这件事。

We talked about it in the past couple of rundowns about Mastercard doing this and other groups doing this.

他们说，嘿。

And they're saying, hey.

你可以去商店购物。

You can go to the store.

你可以买杂货、披萨，去餐厅吃饭，做所有这些事情。

You can buy groceries and pizza and go to the restaurants, and you can do all this.

你可以通过这些新推出的卡片，直接用你的原生加密货币付款。

And you can pay with your native cryptocurrency through these new cards that they're pushing out there.

这只不过是这一趋势的下一步，也就是说，好吧。

This is just the next step in that and saying, okay.

既然你可以用这些卡片通过钱包去商店购买各种东西，为什么不能用它来完成更大的消费呢？

Well, if you can go to the store and you can buy all these different things with with your wallet via one of these cards, why can't you go and make bigger purchases as well?

因为我们显然已经具备了这方面的基础设施和技术，而这正是我们目前所达到的阶段。

Because we obviously have the infrastructure and the tech for that, and that's where this brings us.

所以我认为，从采用角度来看，我们正处在一个非常棒的节点：你可以用加密货币购买大额和小额的日常消费，而无需经历出售、转账到银行等一系列繁琐流程。

So I think we're reaching a really cool point where from an adoption standpoint, you can buy both really big and small everyday purchases with cryptocurrency without having to go through the whole process of, you know, selling it off and sending it to your bank and and everything else like that.

是的。

Yeah.

归根结底，这关乎接入和机会。

Again, it's just it's access, it's opportunity.

而且我认为，随着这些功能逐步推出，当人们开始真正使用它们时，一定会很有趣。

And again, I think as these roll out, I think it'll be cool once they start getting used.

当然，加密领域里有一些有影响力的人，如果有人开始使用并揭开面纱，展示他们如何用加密货币贷款，或者展示他们用它买下的房产，我一点也不惊讶。

And obviously there's people that influence in the space and I wouldn't be shocked if some people start doing it and kind of maybe lifting the veil and showing you how the loan's working and maybe showing you the property that they bought with it.

这可能会是一件很有趣的事情。

That could be like a fun, you know, a fun thing to do.

所以我们会持续关注这一点，也许会出现一些首批使用者，这么说吧。

So we'll try and keep track of that and maybe there'll be people, you know, the first adopters, if you will.

能和他们聊聊会很有趣。

It would be interesting to get to talk to them.

是的。

Yeah.

如果聊天室里有人认识谁对这个感兴趣或者已经这么做了，请告诉我们。

I was gonna say if anyone in the chat knows anyone who's interested or has done this, let us know.

我们很希望邀请他们来，和他们聊聊这件事。

We'd love to, like, have them on and talk to them about it.

是的。

Yeah.

完全没错。

A 100%.

完全没错。

A 100%.

再来点比特币新闻吧，布伦丹。

Some more Bitcoin news, Brendan.

比特币看起来也在量子新闻的范畴内。

Bitcoin looks like they're in the quantum news as well.

看起来他们已经推出了测试网。

It looks like they launched a test net.

所以有开发者，有在研究量子计算的人。

So there's developers, there's people working on quantum.

我们总是提到以太坊和其他加密货币也在研究这些，因为量子威胁似乎已经形成了一种独立的叙事。

We always bring up when Ethereum is working on that stuff and other cryptos in the space because this Quantum threat seemed to kind of catch a narrative, a mind of its own.

关于这条新闻，你有什么特别注意到的吗？

Does anything stick out to you about this news to me?

这就像，好吧，这只是新闻中又一条关于有开发者在研究这件事的头条。

It's like, okay, it's just another headline in the news that there's developers and people working on it.

显然，如果真到了需要做这种决定的时候，比特币社区的广大成员必须聚在一起商议解决，这听起来像是个疯狂的任务，但每当看到有人在研究这些事的小道消息，我都觉得很有意思。

Obviously, if it ever came to a decision like this, the larger meeting of the minds of the Bitcoin community would all have to get together and figure this out, which sounds like a crazy task, but I always interesting when you get these little news flows that people are working on stuff.

是的。

Yeah.

这对很多人来说一直是一个巨大的要求。

This has been a huge ask for, I think, people.

对吧？

Right?

量子技术越接近，人们就越希望有某种措施来保护我们免受其威胁。

The the closer the quantum gets, the more people wanna have something in place to secure us against it.

我们已经看到Coinbase在这一领域采取了行动。

So we've seen Coinbase take initiative on this.

我们已经看到许多项目在这一领域采取了行动。

We've seen a lot of projects take initiative on this.

现在我们仍在持续看到这种情况。

Now we're continuing to see this.

这一直是人们的重大担忧，因为人们认为人工智能将加速量子技术的发展进程。

And so this has been a real concern for people because the idea is that AI is going to help accelerate the the timeline of quantum.

所以即使我们以前可能还有十五年、三十年的时间，现在可能只剩下五年到十年了，或者类似的时间范围。

So even if we were, you know, fifteen, thirty years out before, you'll maybe now we're five to ten years out or or whatever it may be.

你知道我想表达什么。

You know what I'm trying to say.

所以这就是我的意思。

So that's the idea.

而担忧在于，嘿。

And the fear is that, hey.

如果量子计算提前到来，比特币要变得更具抗量子能力所需的时间，将会比公司更长。

If quantum gets here faster, it's going to be it's gonna take longer for Bitcoin to become more quantum resistant as opposed to companies.

因为公司有中心化的结构，有CEO会说：嘿。

Because companies have a centralized structure, and they have a CEO who's gonna say, hey.

我们要把所有资源都投入到这件事上，因为它很重要。

We're pouring all of our resources into this because it's important.

然而，比特币需要达成共识并进行投票，这个过程要缓慢一些。

Bitcoin, however, has to have agreement and it has to vote on this, and it's a little bit more of a drawn out process.

然后整个过程，你知道的，整个事情将会花更长的时间。

And then the whole pro you know, the whole thing is gonna take even longer.

所以我认为，关键区别在于，人们希望加密货币和这些加密项目能对此采取主动态度，而不是被动应对。

So I think that's the difference is people want crypto and these crypto projects to be proactive about this approach as opposed to being reactive.

因为如果是被动应对，就有可能为时已晚，发生糟糕的事情，而没人希望这样。

Because if it's reactive, there's a chance that it could be too late and something bad could happen, and no one wants that.

那将是一个非常、非常糟糕的场景。

That'd be a really, really bad scenario.

所以我认为，大家都意识到了这种威胁的存在。

So I think everyone's realizing the threat that's there.

他们意识到时间表正在提前，因此正在主动采取措施应对。

They're realizing that timelines are moving ahead of schedule, and they're getting in front of it.

所以从恐惧的角度来看，过去六个月到一年左右，我们在新闻中频繁看到这种情况。

So I think from a fear standpoint, this is something we saw a lot in the news, I'd say, over the last six months to a year or so.

而现在，这种话题在新闻中传播足够久了，已经开始有实际的行动在推动比特币变得更抗量子计算。

And now that it's been circulating around the news enough, there is actual action being taken to make Bitcoin more quantum resistant.

而这意义重大。

And this is huge.

这让我感觉更有安全感。

Again, it gives me more security.

这基本上消除了整个争论。

It kind of gets rid of that whole argument.

这算是我的一个痛点，所以我现在要稍微发泄一下。

Anyone this is a little bit of of, like, one of my pet peeves, so I'm gonna rant here a little bit.

我得稍微吃点‘安慰剂’了。

I gotta I gotta have a little bit of copium.

但我的一个痛点是，每当我遇到对加密货币不太了解却又不喜欢它的人。

But one of my pet peeves is anytime I meet someone who's not super knowledgeable on crypto and they don't like it.

他们的抱怨是：哦，等量子计算来了，比特币肯定是第一个完蛋的。

Their gripe is, oh, well, when quantum computing gets here, it's gonna Bitcoin's gonna be the first thing to go.

它会被破解，变得一无是处。

It's gonna break, and it's gonna be useless.

就好像他们从ChatGPT那里抄了一句话，专门用来回应喜欢加密货币的人，每次都是这么复制粘贴的。

And it's like it's like they chat GPT ed a line to say to someone that likes crypto, and then this is their copy pasted response every time.

所以，不管怎样，关于这一点不一定是这样、这是一种过度简化的说法，其实有无数种论据可以支持。

So, anyway, this will, like there's a million arguments you could be made that could be made as to how that's not necessarily the case and how it's an oversimplification.

但这简直就是给那种说法钉上了最后一颗钉子——实际上，那并不完全正确。

But this would just be like the nail in the coffin to that being like, well, actually, that's not entirely true.

Anyway，我跑题了。

Anyway, I digress.

我认为，无论如何，加密货币都会成功，并且会长期存在。

I think that, you know, regardless, Crypto's gonna succeed, it's gonna be here for a while.

而且，抗量子升级对加密货币项目来说并不是什么新鲜事，它们早已在这方面投入了很长时间。

And quantum resistant upgrades are not anything new to to Crypto projects as they've been working on this for a long time.

说得很棒。

Great points.

说得很棒。

Great points.

在我们进入下一个话题之前，先回溯一下房贷问题，聊天室里有位叫Art Sync的人提了个问题。

Just to before we jump to the next segue, backtrack to the mortgages, we had a question from Art Sync in the chat.

之前没在聊天里见过这个名字。

Haven't seen that name in the chat before.

欢迎你，Art。

So welcome Art.

希望你已经订阅了。

Hope you're subscribed.

我们总是喜欢回答周五加入我们聊天的观众。

But we always like to answer people in the chat that join us on Fridays.

他问我们，这些由比特币支持的抵押贷款，是仅限于美国和加拿大，还是只限于美国？

He asked us, is it just for these Bitcoin backed mortgages, crypto backed mortgages for The US and Canada or just US?

我后端快速查了一下，试图用谷歌和AI结合着找答案。

I did a quick research on the back end, tried to get a Google and an AI crossbreed of an answer.

所以这个说法请酌情参考，但目前我看到的只是针对美国市场。

So take this with a grain of salt, but as of now, I'm seeing is this is just for The US market.

还没有在加拿大或其他地区正式推出。

No official launch for Canada or anywhere else.

所以这些加密货币抵押贷款最初将专注于美国市场。

So this is going to be targeting The US market for these crypto backed loans, at least to start.

因为显然，这方面的监管在每个州甚至每个国家都可能有所不同。

Because obviously the regulation for that is going to be different maybe within sometimes each state, if not each, definitely obviously each country.

所以目前只针对美国，但我们会持续关注，这正是我们的做法。

So just for The US now, but but we'll we'll obviously keep tracking it, is what we do.

我看到你对Tether的最新消息很兴奋。

Some big news out of Tether that I saw you were excited for.

我的天，这可是大事。

I mean, this is big time.

Tether首次与一家四大会计师事务所签约，进行全面的独立审计。

So Tether signs up with a Big Four accounting firm for the first time ever for a full independent audit.

Tether的用户经常在问一个问题。

So Tether, the people are sometimes always saying there's a lot of chatter.

储备金在哪里？

Where are the reserves?

这是真的吗？

Is it real?

是的。

Yeah.

我知道你对这个很兴奋，布兰登。

I know you're excited about this, Brendan.

你来说吧。

Take it away.

你在这里想找什么？

What are you looking for here?

这太棒了。

This is awesome.

我们已经和CEO谈过了，或者准确说不是CEO。

We have you know, we've spoken to the CEO or not the CEO.

我想那是Tether的创始人之一。

I think it was one of the founders of Tether.

我们和他们谈过，大家最大的抱怨就是，Tether没有足够的储备金。

We talked to them, and it's everyone's biggest gripe has been, oh, Tether doesn't have the reserves.

它们是假的。

They're fake.

它们是欺诈性的。

They're fraudulent.

它们很可疑。

They're sketchy.

根本不存在。

It's not really there.

他们永远不可能完成这些事，因为他们伪造数据，而且是在离岸操作。

They would never get one of these things done because they're faking the numbers and they're offshores.

你能想到的都有。

You name it.

人们已经说过成千上万件事了，他们也做过一些小审计、更大的审计，再更大的审计。

There's been a million things people have said, and they've gotten, you know, small audits, bigger audits, bigger ones.

然后人们总是说，哦，他们永远不会找四大会计师事务所。

And then people always said, oh, well, they would never do a Big Four accounting firm.

他们永远不会这么做，因为根本过不了审计。

They would never do that because they would never pass it.

于是Tether说：‘看着吧。’

And so Tether said, hold my beer.

我要去做了，而且真的做了。

I'm going in, and it's doing it.

我认为，我希望如此。

And I think that this I hope.

我希望如此。

I hope.

对吧？

Right?

我希望这终于能让人闭嘴了，坦白说。

I hope that this finally shuts up, you know, to be blunt.

我希望这终于能平息大量关于Tether的恐慌情绪。

I hope that this finally shuts up a lot of the Tether FUD.

当然，我也很喜欢USDC。

Now granted, I love USDC too.

对吧？

Right?

我真的挺喜欢USDC的。

I really do like USDC.

坦白说，我持有Circle的资产。

Full disclosure, I've got exposure to Circle.

我不是那种讨厌一个、偏爱另一个。

It's not like I hate her hate one and love the other.

我两个都喜欢。

I like them both.

我觉得过去Tether的一些做法确实让人怀疑，但我认为它们此后已经取得了长足进步，并证明了自己。

I think that in the past, it was sketchy, some of the things that have happened with Tether, but I think that they've come a long way and proven themselves since then.

这对每个人来说都是个重大消息。

So this is huge news to everyone.

这很有趣。

It's funny.

我几乎每次和现实中的人聊天，他们虽然不是特别懂加密货币，但对这个领域有一定了解。

Almost anyone I talk to is in real life situations, who are, again, not super crypto native, but are somewhat into the space.

他们总是对Tether感到害怕。

They're always afraid of Tether.

也许是因为我有机会和创始人及团队交流，所以我对他们更有信心，但这确实是个大事。

And maybe it's just because I've had again, getting to talk to the founders and the team, Maybe that's why I have more faith in them, but this is a big deal.

我认为，如果他们能顺利通过这次审查，结果一切顺利，那对他们来说将是一个巨大的进步。

I think that if they go through this and they get this comes out and everything's good, then this is a huge step for them.

我不知道人们现在还能挑出什么毛病来。

I I don't know what kind of holes people can shoot into them anymore.

你可以说过去发生过任何事。

You can say whatever you want about the past.

再次，他们过去确实有一些可疑的时刻。

Again, they've they've had some sketchy moments in the past.

但我认为，如果他们能请一家四大会计师事务所进行全面的财务报表审计，并且安然无恙地通过，我不确定人们还能期望什么，或者还能找什么借口。

But I think moving forward, if they get a Big Four accounting firm to go through and do a an a financial statement audit and they come out of it unscathed, I'm not sure what else people would want or what kind of excuses would be made.

这对整个行业的安全来说是一个巨大的进步。

So this is a huge step for security of the entire industry.

人们一直说，Tether迟早会爆雷，并拖垮整个加密货币市场。

People have always said that Tether's gonna be a company that blows up, and it's gonna take crypto down with it.

如果这次审计通过，整个论点就显得不那么可信了。

If this passes, it would seem that that whole argument becomes a lot less likely.

再次，这些观点都非常好。

Again, just great points.

除了稳定币的整体使用量一直在爆炸式增长之外，我没什么要补充的。

Nothing to add other than stablecoin usage as a whole is it just keeps, like blowing out of the water.

这是我们看到的USDC数据，其使用量相比一年前增长了超过359%。

This is some USDC stats we've seen over 359% processed like usage of USDC that where it was a year ago.

所以稳定币的需求并没有放缓。

So stablecoin demand isn't slowing down.

我们一直听到稳定币市场持续增长、增长、再增长，而显然，银行、支付渠道以及《清晰法案》的一部分，正是我们试图弄清楚的问题：这些奖励到底该如何分配？

We've heard this stablecoin market just keeps growing and growing and growing, and you know, obviously the banks and the rails and part of the Clarity Act is what we're trying to figure out here is like, hey, how are these rewards gonna get divvied out?

我不知道。

And I don't know.

我们周二的时候讨论过这个话题，你和我。

We we talked about it, me and you on Tuesday.

对吧？

Right?

我们看到了《清晰法案》。

We're like, we see the Clarity Act.

虽然通过的可能性在上升，但关于它为何上升的细节，以及协议的走向，似乎并不利于人们获得他们的稳定币奖励。

The odds are rising, but then the the tidbits coming out of why it's rising and the agreement does not seem to be going in favor of the people to be able to get their stablecoin rewards.

目前还没有任何实质性的进展。

Nothing solid yet.

但再说一遍，稳定币一直在增长。

But again, stablecoins just keep growing.

布伦丹，稳定币市场还有什么其他吸引你的地方吗？

Anything else from the stablecoin market catching your eye, Brendan?

没有。

No.

我只是同意你的看法。

I I would just agree.

你看到它在以太坊上增长。

You're seeing it grow with ETH.

你看到它在Solana上增长。

You're seeing it grow on Solana.

你看到稳定币在各个地方都在增长。

You're seeing stablecoins grow everywhere.

人们对它们有着大量的需求和需要。

There's a lot of want and need for them.

我们下周将会采访Solana团队，敬请期待。

We're actually gonna be talking to Solana's team next week, so stay tuned.

这期播客可能会花

The podcast will probably take

下周会有两期精彩的节目。

Two good ones next week.

两期精彩的节目。

Two good ones.

Coinbase，我的意思是，这算剧透吗？

Coinbase, I mean, is this a spoiler alert?

Tether，可别因为这个让我惹上麻烦。

Tether, don't get me in trouble for this.

嗯，他们不会在下周播出。

Well, they're not gonna air next week.

我们正在录制它们。

We're recording them.

所以它们会在下下周播出。

So they'll air, like, the week after.

但，是的，给观众们先放点样例。

But, yeah, give give the people a sample.

是的。

Yeah.

是的。

Yeah.

所以我们下周会采访Coinbase和Solana。

So we got Coinbase and Solana next week.

这两家公司都会派来重量级嘉宾，我们非常期待。

Two big names from both of those companies, and so we're stoked.

我们会聊聊稳定币。

We'll talk about stablecoins.

事实上，这正是听众们点名希望我们讨论的话题之一：嘿，你们能聊聊稳定币吗？

And in fact, that was one of the requested topics for these podcasts where, like, guys, can we talk about stablecoins?

我在新闻稿里看到了。

I saw it in the PR notes.

所以我们将会更多地讨论它们。

So we're gonna talk about them a whole lot more.

敬请期待这些内容。

Stay tuned for those.

而且，稍微提前透露一点。

And, yeah, a little bit of a sneak peek.

是的。

Yeah.

回到稳定币的话题。

Back to the stablecoins.

我们有稳定币基础设施，金融机构正在合作。

We got stablecoin infrastructure, financial institutions partnering.

我们有维萨和Canton。

We got Visa and Canton.

Visa 和 Canton 似乎正在合作，作为超级验证节点，旨在推动隐私保护的区块链支付和稳定币基础设施。

Visa and Canton seem to be partnering here as a super validator aiming to bring privacy preserving blockchain payments and stablecoin infrastructure.

所以，再次强调，这仅仅是当前新闻流的一部分，朋友们，我们之前已经讨论并采访过这些项目，对吧？

So again, just, it's just part of this news flow guys, these projects that we've now been talking and doing interviews, right?

我们采访过 Canton，也讨论过 Hyperliquid 和 TAL。

We interviewed Canton, we've talked about Hyperliquid, we've talked about TAL.

现在有很多优秀的基本面新闻，相应的价格走势也已经跟上了。

It's, there's a lot of just great fundamental news and some price action has followed through us.

显然，我们最近已经报道过 Hyperliquid 和 Towel，但这就是我们为你所做的，我们非常热爱这份工作。

Obviously, we've covered with hyper liquid and towel recently, but that's why we, this is what we do for you and we love it.

我们一直在深入研究，努力寻找看涨的新闻。

We're in the reads research and trying to find bullish news.

我们看到一条登上彭博社的新闻：富兰克林邓普顿与 Ondo 合作，将其所有 ETF 代币化，让链上用户能够享受低成本的贝塔收益。

One that hit the Bloomberg wire that we saw, Franklin Templeton partnering with Ondo to have all their ETFs tokenized so people on chain can enjoy the cheap beta.

代币化不是对 ETF 的威胁，而是其分发方式的拓展。

Tokenization isn't a threat to ETFs, it's distribution.

所以，万物代币化本质上就是释放流动性，对吧？

So the tokenization of everything really just a liquidity unlock, right?

让更多人参与进来。

Getting more people involved.

我觉得重点是，这是个快速要点，但接下来会是什么样子？

I think highlight, that's that's the quick hitter, but then what does that look like?

如果你把所有东西都代币化并引入流动性，从市值角度来看，它如何真正与你代币化的实际资产挂钩？

Like if you're tokenizing everything and bringing in liquidity, how does it actually tie into the actual asset that you're tokenizing from like a market cap perspective?

我觉得最有趣的是，一切东西将如何以24.07美元、3.65美元的价格交易？

I think that's the most interesting thing of, like, how is everything gonna trade $24.07, $3.65?

它们之间如何相关？

How does it correlate?

是的。

Yeah.

这是个好问题。

It's a good question.

而且，你知道，他们可以通过几种不同的方式来实现这一点。

And, you know, there's a couple different ways that they can go about this.

很有趣的是，看看哪种方式会成功，哪种会成为主流方式。

It'll be interesting to see which one succeeds, which one becomes the go to way.

我认为，给人们提供24小时全天候的访问权限，正是很多人想要的。

I think just giving people twenty four seven access is is what a lot of people want.

对吧？

Right?

Hyper Liquid 刚刚与标普合作，提供对标普500的24小时全天候访问。

Hyper Liquid just partnered with the S and P to make twenty four seven access to the S and P 500.

这意义重大。

That's a big deal.

我们现在正看到其他产品也在以其他方式发生类似的情况，就像我们目前正在报道的那样。

We're seeing this happen in other ways for other products now, kinda like what we're reporting on right now.

我认为我们还没有完全解答这个问题。

The I don't think we have all the answers to this.

对吧？

Right?

我真希望我们有答案，真希望我们能进来就说：看，这就是答案，这就是事情会如何发展，这就是它如何解决流动性问题。

I I I wish we did, and I wish we could come in and say, oh, you know, here's the answers, and here's how this is gonna play out, and here's how it solves the liquidity stuff.

同样，这件事有几种可能的发展方式。

Again, there's a couple different ways that this can go.

所以我们会再次提及这个话题，并在未来继续讨论。

So we'll be bringing this back up, and we'll be talking about it in the future.

但我也很想知道，Tivo。

But I'm curious as well, Tivo.

尽管如此，这仍然是个大事。

Nonetheless, it's a big deal.

我们正在朝着正确的方向前进。

We're moving in the right direction.

我认为随着我们不断推进，我们会得到更多这些答案。

And I think that as we progress, we'll get more of those answers.

继续推进，以不断获得答案。

Push forward to keep getting answers.

如果谈到答案，你们如果有任何问题，我们有两个快速的问题，然后就可以回答大家的问题。

If there's speaking of answers, if you guys have any questions, we got two quick hitters, and then we can do some questions.

我看到有一个问题发来了。

I see one that came in.

所以我们会在最后回答问题。

So we'll do questions at the end.

把问题发到聊天区。

Throw them in the chat.

这就是我们在周五结束的方式。

That's how we'll wrap up on Friday.

最后来几个有趣的问题。

A couple fun ones to end with.

布兰登，你听说过电影《沙丘》吗？

Brendan, have you ever heard of the movie Dune?

是的。

Yes.

所以，我看到一条有趣的推文，说的是《沙丘》第一部和第二部的预告片发布时，正好标志着熊市的底部。

So a fun little tweet I saw here was when Dune one and Dune two, when the trailers were released, it marked a bottom of the bear market.

如果你看一下这位Crypto Galayo的这条推文。

If you pull up this tweet from Crypto Galayo here.

所以，《沙丘》第一部上映时是熊市低点，而《沙丘》第二部预告片发布时也出现了一个不错的底部。

So Dune Part one was the bear market there, and then Dune Two, the trailer release got a nice little bottom there.

而现在，我们刚刚迎来了《沙丘》第三部的发布。

And now we just hit Dune Three has been released.

所以，如果你愿意把《沙丘》预告片的发布作为你的图表指标，或许可以从中找到一些乐观情绪。

So maybe maybe some some hopium there if if you wanna add the Dune trailers to your your charts, your chart indicators.

我们之前聊过麦旋风。

We talked about the McRib.

现在我们又在聊《沙丘》预告片了。

Now we're talking Dune trailers.

这里的人们都在拼命寻找希望。

A lot of grasping for hopium here.

也许这真的是底部。

Maybe this is a bottom.

真正的底部不会发生，Tivo，直到我们等到下一个加密贝果。

Well, the the real bottom doesn't happen, Tivo, until we get another Crypto Bagel.

我的意思是，这件事由你负责。

So I mean, what you're in charge of that.

这是你能掌控的事情。

That's something that you have control of.

我们什么时候能等到下一个加密贝果？

When are we getting the the next Crypto bagel?

我不知道。

I don't know.

我得回东北了。

I gotta go back to the Northeast.

我的意思是，那简直就是一次去北方的暑假旅行。

I mean, that was, like, that was that was a summer vacation up north.

我们把那些美味的贝果带到了海滩上。

We got those good bagels brought on to the beach.

所以我不确定。

So I don't know.

希望我们在那之前就能反弹，但我们会留意的。

Hopefully hopefully, we bounce before then, but we'll keep an eye out.

我们会留意有没有好的贝果出现。

We'll keep an eye out for a good bagel.

我想和我们团队的每个人聊聊这个，因为我只是想听听大家有趣的看法。

Wanna talk about this with everybody on our team because I just want a fun take from everybody on it.

你是第一个在播客里提到这个话题的人，就我和你。

You're the first one to talk about this on the pod, me and you.

我 definitely 需要听听布莱恩和乔的看法。

And I'm I'm gonna get definitely need to get Brian and Joe's take as well.

但Polymarket的情报室，看起来Polymarket要开一家酒吧，而且打算叫它‘情报室’。

But the Polymarket situation room, it seems as though Polymarket is opening up a bar and they're gonna call it the situation room.

这是世界上第一家专门用于监控局势的酒吧。

It's the world's first bar dedicated to monitoring the situation.

所以看起来，我的意思是，这明显只是个效果图，但他们有个想法：你会看到所有新闻、股市、商业频道、世界新闻和体育赛事。

So it looks like, I mean, is clearly just a rendering, but they they have the idea of, hey, you're gonna have all the news and the stock market and the business channels and the world news channels and sports.

当然，你可以轻松接入体育赛事，墙上到处都是各种预测市场。

Mean, you can tie easily into sports obviously and you're just gonna have all the prediction markets, you know, all over the all over the walls.

我一直在想这个问题。

And I was thinking about this.

显然，体育酒吧对于体育和博彩来说是顺理成章的。

Obviously, sports, like a sports bar was a no brainer for, like, sports and gambling.

但想想那些重要的演讲。

But, like, think of all the big speeches.

你可以举办一场‘国情咨文派对’，开始下注，猜哪些词会出现，或者会出现多少次，你可以办个派对。

You could have, like, a you could have, like, a State of the Union party and start, you know, you start placing your your wagers of what what words are gonna hit or how many times, you know, you could have a party.

我们喜欢在可能的情况下直播美联储会议，实时观看美联储会议。

We like to do the lives with the Fed meetings when we can and watch the Fed meeting live.

所以也许我们可以从情况室进行现场直播，他们也会这么做。

So maybe we could do a live from the situation room and they do.

这就是它将要成为的样子。

That's what it's gonna be.

我跟你说吧。

I'm telling you.

这让我想起了我在Barstool的根源，整个Barstool理念的一部分就是我们一直在直播体育博彩。

Come this this really ties into my barstool roots of like part of the whole barstool thing was that we were always live streaming the the the the the sports betting.

是的。

Yes.

人们会观看Barstool团队的直播。

It was, you know, people would stream the barstool guys watching.

对。

Yeah.

嗯，为你的赌注紧张得冒汗。

Well, sweating, sweating your bets.

因此，这也将为Polymarket带来一个全新的内容板块。

And so like there there's a whole content arm that's going to grow from this as well for for Polymarket.

我觉得这是个很棒的主意。

I think it's a great idea.

你去情况室吗？

Are you going to the situation room?

好吧，我对这个想法其实有个意见，这真是个绝妙的点子。

Well, here's my my gripe with it was fantastic idea.

我有点沮丧，因为就在几周前，我们内部的分析师团队和内部小组就已经在讨论这个了。

I'm a little bit bummed because we were talking inside of, like, our analyst groups and our internalist groups, like, a couple of weeks before this came out.

我们当时说，嘿。

We were saying, hey.

你觉得什么会是个特别好的主意？

You know what would be a really good idea?

开设一个针对博彩市场的酒吧，结果他们真的做了。

To open up a bar for for the betting markets, and then they come out and they've done it.

我唯一的疑问是，为什么选华盛顿特区？

My only gripe is that why DC?

你知道有多少更好的城市可以做这个吗？

You know how many better cities you could have this in?

我一听到就立刻想到把这放在迈阿密。

My my brain immediately went to put this in Miami.

我有偏见。

I'm biased.

你知道，我们俩都在佛罗里达，但撇开偏见不说，迈阿密确实非常适合这个项目。

You know, we're both in Florida, but I think we can agree that bias aside, Miami would be great for this.

那里聚集了所有的金融精英和骗子，我觉得这简直太契合那群放纵不羁的人了。

You have all, like, the finance gurus and grifters down there, and, like, I I just feel like it fit the the the total degenerate crowd down there.

所以，所有那些迈阿密的人一定会喜欢这个。

So you have all the Miami guys that would love this.

我也觉得，显然应该把这里设在纽约，因为那里有这么多华尔街的人。

I also think, obviously, put it in New York for all the Wall Street people.

他们会非常喜欢这种东西。

They would love this kind of thing.

我甚至觉得芝加哥也会非常合适。

I'd even argue Chicago would be really

会是一个

would be a

不错的选择。

good one.

是的。

Yeah.

我认为这三个地方中的任何一个都很合适，直接开吧。

I think any three of those, fire.

迪士尼？我真没想到居然不是纽约。

Disney I can't believe it's not New York.

这就是我的意见。

That's my Yes.

这就是我的看法。

That's my take.

因为我简直不敢相信这不在纽约市。

Because I can't believe this is not in New York City.

但我喜欢这个想法。

But love the idea.

对吧？

Right?

喜欢这个想法。

Love the idea.

我觉得这太棒了。

I think it's amazing.

这简直太棒了。

It's it's fire.

这很令人兴奋。

It's exciting.

我希望自己能去参加这个活动。

I hope to be able to go to go to this thing.

我也希望

I also hope

他们会

they will

CJE说他需要在橙县设一个。

CJE CJE says he he he needs one in Orange County.

我不确定是不是这样。

I don't know about that.

我不知道

I don't know

橙县会不会对这个情况感到不满。

if Orange County's gonna get riled off about the situation.

是的。

Yeah.

我不太了解橙县的情况。

I don't know about Orange County.

也许是拉斯维加斯。

Maybe Vegas.

拉斯维加斯也可能不错。

Vegas could be a good one too.

拉斯维加斯。

Vegas.

拉斯维加斯。

Vegas.

我能想象得到。

I could see that.

我觉得那会是我的前四名。

Like, those, I think, would be my top four.

希望他们会扩张。

Hopefully, they expand.

老兄，我们得派个人去那里，因为我看到他们好像刚试营业，结果整个地方都没电。

Dude, we gotta send someone to this because I I saw that they had a soft opening or something and that all the power was out.

你看到了吗？

Did you see

那个吗？

that?

情况室看到了吗？

The situation room did?

是的。

Yeah.

没有。

No.

我没看到那个。

I did not see that.

是的。

Yeah.

我看到有人经过那里，所有的屏幕都黑着，电源断了，人们只是站在那里，

I saw people going through it and all the screens were off, the power's out, people are just like standing there,

但他们没倒下吗？

but they're not fall one?

它。

It.

它

It

是Polymarket那个吗？

was the Polymarket one?

是的。

Yes.

就是这一个。

It was this exact one.