以太坊向上触及4600美元/枚，日内涨1.17%。 本文源自：金融界AI电报 ...

全球第一大加密货币比特币8月14日价格一度升破12.4万美元，创下历史新高。这也使得比特币市值升 破2.45万亿美元，一度超越谷歌，成为全球第五大资产。分析师表示，若比特币能站稳12.5万美元，接 下来可能挑战15万美元关卡。 分析人士表示，比特币近期涨势惊人、今年迄今大涨近32%，原因除了 市场预期美联储9月降息几乎已成定局外，特朗普政府为加密货币营造有利环境，与机构买盘持续涌入 也是重要因素。 来源：金融界AI电报 ...

【导读】加密货币市场集体跳水，23万人被爆仓 中国基金报记者 李智 加密货币市场再度上演"过山车"行情。 比特币价格跳水 8月14日早间，比特币价格创历史新高，价格突破12.45万美元/枚，但随后持续走低。截至发稿，比特币价格报11.84万美元/枚，跌超4%。 其他加密货币多数走低，以太坊、XRP、狗狗币等均跌超4%。 | 排名 币种 | | | 量新价格 | 24H3K幅 | 24H最高 | 24H最低 | 24H成交额 | 历史高/低 | 流通市值 | 总/流通数电 | 7天走势图 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | Bitcoin | | $118480 | -4.11% | $124128 | $117547 | $685.02亿 | $124128 | $2.36万亿 | 1990.65万 | | | | 比特币 | | ¥849573 | | ¥890072 | ¥842883 | ¥4911.98亿 | $67.81 | ¥169229.30亿 | 1990.65万 | ﮐ ...

Core Viewpoint - The cryptocurrency market has experienced significant volatility, with a sharp decline leading to over 230,000 liquidations and a total liquidation amount of $1.062 billion [2][8]. Group 1: Market Performance - Bitcoin reached an all-time high of $124,128 but subsequently fell to $118,480, marking a decline of over 4% [4][7]. - Other cryptocurrencies, including Ethereum, XRP, and Dogecoin, also saw declines exceeding 4% [6]. - The total market capitalization of Bitcoin is approximately $2.36 trillion, with a circulating supply of about 19.9 million BTC [7]. Group 2: Liquidation Data - In the past 24 hours, approximately 230,000 traders were liquidated, with total liquidations amounting to $1.062 billion, including $880 million from long positions and $180 million from short positions [8][9]. - The liquidation amounts over different time frames include $339.5 million in the last hour and $791.06 million in the last four hours [9]. Group 3: Market Influences - The decline in the cryptocurrency market is attributed to higher-than-expected U.S. inflation data and a cooling interest from the U.S. government towards Bitcoin [10][11]. - The U.S. Bureau of Labor Statistics reported a 0.9% increase in the Producer Price Index (PPI) for July, the largest increase since June 2022, which negatively impacted demand for risk assets like Bitcoin [11]. - U.S. Treasury Secretary Janet Yellen indicated that the government would not purchase more Bitcoin, which was interpreted as a halt in expanding Bitcoin reserves, despite clarifications that the government would explore budget-neutral methods to acquire more Bitcoin [11].

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was RMB 43.2 million or $6 million, a decline compared to Q2 2024 due to lower sales from mining machines [5] - Cost of revenue decreased to RMB 32.9 million or $4.6 million for Q2 2025, a 20% decrease from Q2 2024 [6] - Loss from operations was RMB 16.2 million or $2.3 million for Q2 2025, compared to income from operations of $8 million in Q2 2024 [7] - Net income for Q2 2025 was RMB 38.3 million or $5.3 million, affected by lower revenues but offset by gains in fair value of cryptocurrency [8] - For the first half of 2025, revenues were RMB 24.5 million or $3.5 million, with net income of RMB 4.3 million or $600,000 [9] Business Line Data and Key Metrics Changes - The core business, Altcoin mining machines, remains the primary revenue contributor, with a strategic self-funded dollar cost averaging ease accumulation strategy implemented since Q1 2024 [4] - The Web3 application development business includes the launch of Go Show Pay and Go Show Wallet, contributing to the overall strategy [5] Market Data and Key Metrics Changes - The decline in allele price during Q2 2025, combined with new tariffs, negatively impacted mining machine sales [5] - The price of Ethereum increased by approximately 34% during the period, contributing to gains in fair value of cryptocurrencies [7][8] - The company holds a total of 8,816 Ethereum units as of June 30, 2025, representing a 25.5% increase from Q1 2025 [11] Company Strategy and Development Direction - The company focuses on launching new products and enhancing mining machine efficiency, with significant R&D investments of $5.8 million in 2025 [10] - Future growth strategies include optimizing Ethereum accumulation and yield generation strategies, aiming for an annualized yield of up to 10% [13] - The company plans to explore new Altcoin projects and upgrades to existing mining products to expand market share [12] Management's Comments on Operating Environment and Future Outlook - Management expects revenue for the second half of the year to be impacted by softer sales due to Altcoin price volatility, but remains committed to long-term R&D investments [14] - The company believes that its ability to pivot quickly and innovate is critical for long-term success in a rapidly changing market [14][15] Other Important Information - The balance sheet remains strong, with cash and cash equivalents totaling $71.6 million as of June 30, 2025 [9] - The company has been identified as one of the top Ethereum treasury holders among public companies globally [11] Q&A Session Summary Question: Focus on Ethereum accumulation strategy - The company primarily uses its own funds for a dollar cost averaging strategy for Ethereum purchases, with potential for moderate financing in the future depending on market conditions [17][18] Question: Yield on Ethereum treasury - The company plans to allocate over 80% of its Ethereum holdings towards yield-generating activities, but not all in one place [19][20] Question: Pipeline of Altcoin projects - The company has a strong revenue growth from the Allele miner series and plans to launch new Altcoin mining products, including a new Dogecoin miner expected to enter mass production in 2026 [24][25] Question: R&D spending outlook - R&D expenses are expected to be lower in the second half of 2025 compared to the first half, with new products being launched [33]

| 市场 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | 欧美 | 道琼斯工业平均 | 44911.26 | -11.01 | -0.02% | | | 纳斯达克 | 21710.67 | -2.47 | -0.01% | | | 标普500 | 6468.54 | 1.96 | 0.03% | | | 欧洲斯托克50 | 5434.70 | 46.45 | 0.86% | | | 英国富时100 | 9177.24 | 12.01 | 0.13% | | | 法国CAC40 | 7870.34 | 65.37 | 0.84% | | | 德国DAX30 | 24377.50 | 191.91 | 0.79% | | | 俄罗斯RTS | 1175.86 | -0.68 | -0.06% | | | 创业板指导 | | 2469.66 " . 80 gu c 36.84 0 " | -1.08% | | | 恒生指数 | 25519.32 | -94.35 | -0.37% | | | 恒生国企指数 | 9128.93 | -21.12 | - ...

（原标题：触及12.45万美元！比特币再创新高 还会继续涨吗？） 8月14日，比特币触及12.45万美元，再创历史新高。从消息面上看，本轮上涨是多重因素共振的结果。 首先是美国总统特朗普签署行政命令，要求美国劳工部探索允许401（k）养老金计划投资加密货币，为 长期资金入场打开政策空间。与此同时，上市公司以及部分大型资产储备企业持续大规模增持数字资 产，推动需求稳步增长。 记者了解到，比特币5月初突破10万美元关口后，进入高位震荡的技术调整期。5月底站上11万美元后， 价格多次在11万—11.8万美元区间反复测试支撑与压力位，ETF资金流入与机构增持为其提供了底部支 撑。6月和7月的多次上攻未能突破关键阻力，反映出市场在历史高位附近的谨慎情绪。 进入8月，伴随美股连续创纪录收盘、降息预期升温，以及以太坊等主流币种的同步走强，比特币技术 面迎来突破。站上12万美元关口后，动能迅速释放，于8月14日拉升至12.45万美元的历史高位。这一波 动相对可控但趋势延续性强，反映出机构资金主导的特征，而非单纯的散户情绪推动。 比特币站上历史高点 比特币币值再次冲破历史高位。8月14日早间，比特币突破历史高点，触及12.45 ...

Financial Sector Performance - The financial sector has performed well in 2025, with an 8.55% year-to-date gain, ranking fifth among the 11 sectors of the S&P 500, driven by President Trump's deregulatory policies and anticipated Federal Reserve interest rate cuts [1] Cryptocurrency Market Growth - The Trump administration has positively impacted the cryptocurrency market, with Bitcoin increasing by 20.10%, XRP by 44.05%, and Ethereum by 48.33% since Inauguration Day [2] Investment Vehicles in Crypto - Traditional equities market now offers crypto-themed investment vehicles, including spot ETFs like the iShares Bitcoin Trust ETF and publicly traded exchanges like Coinbase [3] Bullish IPO Details - Bullish, backed by Peter Thiel, had its IPO on August 6, debuting at $37 and reaching an intraday high of $118, closing with an 88.81% gain [4] Speculative Investment Opportunities - Speculative investors are encouraged to consider Bullish for crypto exposure in their equity portfolios [5] Peter Thiel's Influence - Peter Thiel's involvement with Bullish is significant due to his successful track record with other tech companies and his previous attempts to take Bullish public [6][9] Bullish's Market Position - Bullish has differentiated itself from competitors like Coinbase and Kraken by focusing on institutional clients, offering a tailored platform with derivatives, margin trading, and enhanced security [12] Trading Volume and Financial Performance - Since its launch, Bullish has achieved over $1.25 trillion in trading volume, with an average daily volume of $2.6 billion, and reported adjusted EBITDA of $52 million for the year ended December 31, 2024 [10][13]

Core Insights - Bitcoin price reached a new all-time high of $123,500, surpassing the previous record of $123,205.12 set on July 14 [1][3] - The market for cryptocurrencies, including Bitcoin and Ethereum, is experiencing a surge, driven by favorable legislative conditions and increased demand from companies [3] Group 1: Market Performance - Bitcoin's market capitalization is approximately $2.5 trillion, while Ethereum's market cap is nearly $575 billion, together accounting for 70% of the total global cryptocurrency trading volume [3] - The correlation between speculative assets like cryptocurrencies and mainstream stock indices is evident, with both being driven by similar optimistic sentiments [3] Group 2: Influencing Factors - The recent U.S. inflation data met expectations, reinforcing market predictions for a Federal Reserve rate cut in September, which has led to a shift of funds from blue-chip stocks to more volatile digital assets [3] - Institutional participation through ETFs is seen as a strong driver for Bitcoin's price increase, while Ethereum's rise is attributed to buying activity from corporate finance departments [3]

在连日上涨的火热态势下，比特币再创历史新高。8月14日，全球币价网站CoinGecko数据显示，比特 币价格突破12.4万美元，超越此前7月14日创下的123205.12美元历史高点。不过最高触及124128美元的 历史最高报价后，比特币涨幅收窄。值得一提的是，其总市值目前已达到2.45万亿美元——超过谷歌， 跻身全球资产标的市值榜的前五位，目前仅落后于黄金、英伟达、微软和苹果。 截至8月14日17时20分，比特币价格报121868美元，24小时内涨1.7%。比特币带动之下，市场主流加密 货币多数上涨，其中以太坊报4747.81美元，24小时内涨2.4%；艾达币（ADA）报0.9894美元，24小时 内上涨13.3%。 继2024年12月突破10万美元大关后，比特币再现"过山车"行情。2025年以来，比特币从年初的9.8万美 元附近波动下行，在2025年4月跌至7.5万美元关口下方，跌幅一度超过30%。触及年内低点后，比特币 在4月由跌转涨，震荡上行后在7月首次突破12万美元关口。2025年4月以来，比特币连续5个月呈现上涨 态势。进入8月后，比特币在11.5万—12万美元区间内震荡多日，单日波动幅度明显加大 ...