（来源：吴说） 吴说获悉，CoinShares 宣布推出 CoinShares Physical Hyperliquid Staking ETP（代码：LIQD），在 Xetra 交易所上市，提供机构级 Hyperliquid 原生 HYPE 代币暴露，管理费 0%，年化质押收益 0.5%，100% 实 物支持。 ...

（来源：吴说） 加密投资人 Anthony Pompliano 旗下上市比特币金库公司 ProCap Financial 继续回购 BRR 股票，最新回 购 148,241 股，价值约 35.9 万美元；公司披露其 NAV 约 3.05 亿美元，而市值约 2.02 亿美元，处于明 显折价区间。ProCap 持有 5,007 枚 BTC（约 3.25 亿美元），Pompliano 表示在"显著低于 NAV"时将继 续积极回购；截至周一收盘 BRR 报 2.42 美元，近六个月跌约 76%，较去年高点跌约 85%。 （Decrypt） ...

吴说获悉，据 Delphi Digital 数据，1 月底，代币化 TradFi 占所有 Hyperliuiqd 交易量的 31.6%，而在前 一个月这个比例还不到 5%；自 12 月底以来，TradFi 的 7day 平均份额从 4.5% 上升至超过 20%；同期 Hyperliquid 的总交易量达 2,618 亿美元，金属、股指和股票市场的份额不断增长，Perp DEX 需求转向 宏观敞口的速度进程很快。 （来源：吴说） ...

吴说获悉，ether.fi 宣布计划在未来几个月内将其加密借记卡产品 Cash 迁移至 Optimism 的 OP Mainnet （超级链生态）。此次迁移将涉及超 7 万张活跃借记卡、超 30 万个账户以及超 1.6 亿美元的总锁仓量 （TVL），标志着双方旨在加速全球链上支付的长期战略合作。官方强调，在整个迁移期间，用户账户 及底层资产将保持安全，现有产品与服务均可照常使用。 （来源：吴说） ...

Core Insights - The Hyperliquid Policy Center has been officially established in Washington, D.C., with Jake Chervinsky as the first CEO, aiming to promote the widespread adoption of DeFi in the U.S. and develop relevant legal frameworks [1] - The center focuses on advocating for a regulatory framework for perpetual derivatives, which are considered simpler and provide direct asset exposure compared to options and futures, currently traded mainly on offshore crypto exchanges [1] - Hyperliquid's associated foundation has donated 1 million HYPE tokens, valued at approximately $28 million, to support the center's operations [1] - The founding team includes policy advisor Brad Bourque, a former lawyer at Sullivan & Cromwell, and policy director Salah Ghazzal, the former head of policy at Variant [1]

加州金融保护与创新部（DFPI）正式实施《数字金融资产法》（DFAL），要求为加州居民提供加密服 务的个人或公司须在 2026 年 7 月 1 日前持有 DFAL 许可证、提交申请或符合豁免条件，否则将面临执 法行动。申请将于 2026 年 3 月 9 日起通过全国多州许可系统（NMLS）开放，3 月 23 日举办行业培 训。（Decrypt） （来源：吴说） ...

（来源：吴说） 吴说获悉，去中心化永续合约平台 Lighter 发文称，自今日起已调整 LLP（流动性提供）基础设施，为 不同类型市场（含 RWA）引入独立的 LLP Strategy；风险、清算与 ADL 将在策略层面管理，以便 LLP 能为新上线市场提供更多流动性。 ...

Performance and Financial Situation - The company currently has no institutional ratings coverage, but future earnings reports, such as the quarterly report in 2026, may become a market focus [2] - Recent financial reports indicate limited revenue scale, with the latest revenue at $466,600 and a net loss of $2.99 million, necessitating attention on revenue growth and loss reduction progress [2] Industry Policy and Environment - In 2026, the U.S. cryptocurrency regulatory policy is at a critical juncture, including a Senate hearing in January and the rollout of stablecoin regulatory details in July [3] - The company's business is highly tied to cryptocurrency assets and on-chain financial trends, and these macro policy changes may indirectly affect stock prices through industry sentiment [3] Business and Technological Development - The company completed a name change in November 2025 and clarified its transition towards tokenization, on-chain finance, and AI infrastructure [4] - Future tracking is needed for the implementation of its AI liquid cooling solutions and brokerage services, as well as potential deepening collaborations with platforms like Chainlink [4]

Core Insights - Coinbase has announced the launch of Agentic Wallets, a wallet infrastructure designed for AI agents, allowing them to autonomously spend, earn, and transact under predefined permissions and risk constraints [1] Group 1: Product Features - The core components of Agentic Wallets include the x402 machine payment protocol, pluggable on-chain skill modules (such as transfers, transactions, and earnings), and a non-custodial wallet and security suite integrated with the Coinbase Developer Platform [1] - The solution supports gas-free transactions for agents on the Base platform, enhancing user experience and reducing costs [1] Group 2: Compliance and Security - Compliance and security are achieved through mechanisms such as programmable limits, transaction caps, KYT (Know Your Transaction) risk screening, and isolation of private keys within a Trusted Execution Environment (TEE) [1]

港股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 2月11日，香港特区行政长官李家超周三在Consensus香港大会开幕致辞中表示，香港作为全球Web3和 加密货币创新中心的地位日益提升。一项关键举措是去年8月实施了《稳定币条例》，这项新法为在香 港发行挂钩法币的稳定币的发行人设立了牌照制度。香港金融管理局正在积极处理牌照申请，相信首批 稳定币发行机构牌照将于下个月发放。致力于将香港打造成为数字资产全球创新中心。 ...