贝莱德比特币ETF经历创纪录单日净流出4.2亿美元，为连续七天负增长的一部分，总计流出近30亿美元。尽管如此，IBIT仍是美国最大的现货比特币ETF，总资产超过516亿美元。 监管环境出现积极转变，SEC已正式撤销对Coinbase的诉讼，标志着其加密货币政策的重大调整。同时，Volatility Shares的Solana期货ETF已被列入DTCC交易所交易基金列表，为现货SOL基金批准增添希望。另外，SEC明确表示迷因币不属于证券，但欺诈行为仍将受到执法打击。 以太坊Pectra升级在Holesky测试网遭遇严重问题，导致区块丢失和确认滞缓。此次漏洞使多数以太坊客户端接受了无效区块，仅Erigon和Reth两个客户端正常运行。 Solana价格遭遇重挫，从高点暴跌超50%至131.90美元，创五个月新低。这一跌势与Libra迷因币丑闻直接相关，导致Solana生态迷因币市值蒸发约220亿美元，链上活动显著下降。 中国可能为大陆投资者开辟接触比特币的新渠道，通过合格境内机构投资者(QDII)计划允许交易香港的加密货币ETF，关键在于维持资本管制。根据红枣科技CEO何亦凡观察，中国金融监管机构对数字资产的态度正在转变。 关键词：贝莱德、ETF、Coinbase、Solana、SEC、以太坊、Pectra、Libra、金融监管、迷因币、加密货币、比特币、合格境内机构投资者、QDII 01:03 贝莱德比特币ETF录得最大连续净流出 05:04 DTCC上线首个 Solana 期货 ETF，增加现货SOL基金获批希望 08:45 SEC撤销对Coinbase的诉讼，转变加密货币监管立场 11:37 SEC表态：迷因币不属于证券，投资者损失将缺乏保护，但欺诈行为仍将被严查 14:23 以太坊Pectra升级在Holesky测试网遇到问题，多个区块丢失且最终确认悬而未决 17:47 Solana价格暴跌：Libra丑闻引发220亿迷因币市值蒸发 24:48 中国大陆投资者可能通过合格境内机构投资者(QDII)计划接触比特币 主播： Vivienne (Twitter @Vivienne_smile) Zhiyang (Twitter @zhiyangxyz) Twitter：@0x_cryptoria 小助手微信：trifoliumlabs 微信公众号：Cryptoria加密投研 免责声明: 所有观点纯属主播个人意见仅供分享，不构成任何投资建议。加密货币投资风险巨大，在做出任何投资决定前，请先做好充分调查并咨询相关专业人士。

Joshua D. Tobkin, co-founder of Supra, shares his journey from early fascination with website development at age 12 to becoming a blockchain innovator. After experiences in online poker business and SaaS startups, Joshua entered the blockchain space in 2017, initially focused on scaling Ethereum before developing the foundation for what would become Supra. Supra represents a new approach to blockchain architecture, described by Joshua as "Solana with Chainlink and Layer 0 all in one." The project's core value proposition is full vertical integration, combining a layer 1 blockchain with oracle price feeds and cross-chain communication in a single stack. This integrated approach aims to solve inefficiencies that exist when applications must interact with multiple separate networks for different services. The technical innovations behind Supra include the "tribes and clans" architecture, which enables high throughput and low latency by using random subcommittees of nodes to verify data availability without requiring propagation to the entire network. Their Moonshot consensus mechanism achieves theoretical 500,000 TPS and finalizes blocks in 330 milliseconds, significantly faster than competitors like Solana. Upcoming features for Supra include automation (similar to cron jobs in Web2) and auto-arbitrage mechanisms that address MEV (Maximal Extractable Value) issues while creating new revenue streams for both the network and dApps. Supra Containers offer an alternative to app chains by maintaining composability and shared liquidity while allowing applications to have their own governance and fee structures. Joshua discusses Supra's challenging funding journey, explaining how they started with smaller investors and used introductions to reach higher-tier VCs while maintaining balanced investment from any single source. During crypto bear markets, Supra operated with only three months of runway for nearly two years, emphasizing the importance of persistence and continuous innovation. Despite being less known than some competitors, Supra has achieved significant milestones, including 160 dApps currently using their services on other chains and 512,000 KYC-verified token holders from their airdrop program. Looking forward, Supra plans to expand in Asia through translated documentation, sponsoring developer-focused events, and increasing marketing efforts in the region, while continuing to focus on attracting developers who can build unique applications using Supra's integrated features. Keyword: Supra, Oracle, Layer 1, Tribe-Clan architecture, Moonshot, Vertical integration, Cross-chain communication, Supra Containers, SupraNova, HyperLoop, Automation, Auto-arbitrage, MEV resistance, Blockchain, Web3 infrastructure, Fundraising, Movement 00:11 Introduction to Joshua D. Topping, co-founder of Supra, and his early interest in technology beginning at age 12. 04:13 Joshua shares his experience running an online poker "rake back" business that helped him understand payment inefficiencies later addressed by blockchain. 08:38 In 2017, Joshua began focusing on scaling Ethereum before developing the ideas that would become Supra's foundation. 10:38 Supra is described as "Solana with Chainlink and Layer 0 all in one," offering full vertical integration of blockchain services. 13:27 Supra's development journey evolved from focusing on oracles for randomness to a comprehensive layer 1 solution with multiple integrated services. 17:17 Upcoming Supra features include automation and auto-arbitrage mechanisms that address MEV issues and create new revenue streams. 22:48 Supra's Moonshot consensus mechanism achieves theoretical 500,000 TPS and finalizes blocks in 330 milliseconds versus Solana's 10 seconds. 24:57 The "tribes and clans" architecture enables high throughput by using random subcommittees of nodes to verify data availability without full network propagation. 31:11 Supra Containers offer an alternative to app chains by maintaining composability and shared liquidity while allowing applications to have their own governance and fee structures. 36:23 Supra's cross-chain communication includes Supra Nova for secure layer-1 connections and Hyper Loop for layer-2 connectivity. 43:51 Supra's funding journey involved starting with smaller investors and using introductions to reach higher-tier VCs while maintaining balanced investment. 50:37 During crypto bear markets, Supra survived on three months of runway for nearly two years through persistence and continuous innovation. 55:56 Supra's user acquisition strategy focuses on attracting developers who can build unique applications using the platform's integrated features. 01:01:35 Supra currently has 160 dApps using their services and 512,000 KYC-verified token holders from their airdrop program. 01:09:42 Supra plans to expand in Asia through translated documentation, sponsoring developer events, and increased marketing efforts in the region. Guest： Joshua Tobkin (Twitter: @JoshuaTobkin) Supra (Twitter: @SUPRA_Labs) Host： Vivienne (Twitter: @Vivienne_smile) Zhiyang (Twitter @zhiyangxyz) Twitter：@0x_cryptoria WeChat Blog：Cryptoria加密投研 Disclaimer: All views expressed are solely the personal opinions of the hosts for sharing purposes and do not constitute investment advice. Cryptocurrency investments carry substantial risks. Before making any investment decisions, please conduct thorough research and consult relevant professionals. This podcast is for informational purposes only. Nothing herein should be construed as financial or investment advice. All investments in cryptocurrencies involve significant risk, and you should conduct your own due diligence and consult with a qualified financial advisor before making any investment decisions.