{"id":777579,"date":"2026-05-12T11:10:47","date_gmt":"2026-05-12T03:10:47","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=777579"},"modified":"2026-05-12T11:10:47","modified_gmt":"2026-05-12T03:10:47","slug":"circle%ef%bc%9a%e7%a8%80%e7%83%82%e8%a1%8c%e6%83%85%ef%bc%8c%e7%a8%b3%e5%ae%9a%e5%b8%81%e7%ac%ac%e4%b8%80%e8%82%a1%e7%85%a7%e6%a0%b7%e6%89%a9%e5%bc%a0","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=777579","title":{"rendered":"Circle\uff1a\u7a00\u70c2\u884c\u60c5\uff0c\u7a33\u5b9a\u5e01\u7b2c\u4e00\u80a1\u7167\u6837\u6269\u5f20"},"content":{"rendered":"<blockquote>\n<p>\u6587 | \u6d77\u8c5a\u7814\u7a76<\/p>\n<\/blockquote>\n<p>\u7f8e\u4e1c 5 \u6708 11 \u65e5\u76d8\u524d\uff0c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%a8%b3%e5%ae%9a%e5%b8%81\" title=\"View all posts in \u7a33\u5b9a\u5e01\" target=\"_blank\" class=\"tag_link\">\u7a33\u5b9a\u5e01<\/a>\u7b2c\u4e00\u80a1$Circle(CRCL.US) \u53d1\u5e03\u4e86 2026 \u5e74\u7b2c\u4e00\u5b63\u5ea6<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%b8%9a%e7%bb%a9\" title=\"View all posts in \u4e1a\u7ee9\" target=\"_blank\" class=\"tag_link\">\u4e1a\u7ee9<\/a>\u3002<\/p>\n<p>\u9700\u8981\u660e\u786e\u7684\u662f\uff0c\u7531\u4e8e USDC \u89c4\u6a21\u3001\u50a8\u5907\u8d44\u4ea7\u5229\u7387\u516c\u5f00\u5df2\u77e5\uff0c\u56e0\u6b64\u5360\u6bd4 95% \u7684\u5229\u606f\u6536\u5165\u57fa\u672c\u53ef\u4ee5\u786e\u5b9a\uff0c\u56e0\u6b64 Circle \u5927\u90e8\u5206\u65f6\u95f4\u80a1\u4ef7\u6ce2\u52a8\u90fd\u968f USDC \u5e02\u503c\u53d8\u5316\uff0c\u80cc\u540e\u672c\u8d28\u4e5f\u5c31\u662f<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%99%8d%e6%81%af\" title=\"View all posts in \u964d\u606f\" target=\"_blank\" class=\"tag_link\">\u964d\u606f<\/a>\u9884\u671f\u3001\u52a0\u5bc6\u8d44\u4ea7\u653f\u7b56\u53d8\u5316\u7b49\u6df1\u5ea6\u6302\u94a9\u3002<\/p>\n<p>\u8d22\u62a5\u80fd\u89e3\u8bfb\u51fa\u7684\u9884\u671f\u5dee\u4fe1\u606f\uff0c\u5c31\u5728\u4e8e\u5176\u4ed6\u975e\u5229\u606f\u6536\u5165\uff0c\u516c\u53f8\u5185\u90e8\u7ecf\u8425\u6548\u7387\u4ee5\u53ca\u6307\u5f15\u6240\u4f53\u73b0\u7684\u4e2d\u957f\u671f\u6218\u7565\u76ee\u6807\u3002<\/p>\n<p><strong>\u6574\u4f53\u6765\u770b\uff0c\u4e00\u5b63\u5ea6\u7684\u4eae\u70b9\u4ecd\u7136\u662f\u8d44\u91d1\u5bf9\u8d22\u62a5\u4e3b\u8981\u5173\u6ce8\u7684\u300c\u5176\u4ed6\u6536\u5165\u300d\u4e0a\uff0c\u4f53\u73b0 USDC \u751f\u6001\u5728<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%8a%a0%e5%af%86%e8%b4%a7%e5%b8%81\" title=\"View all posts in \u52a0\u5bc6\u8d27\u5e01\" target=\"_blank\" class=\"tag_link\">\u52a0\u5bc6\u8d27\u5e01<\/a>\u4e4b\u5916\u573a\u666f\u4e0b\u7684\u7a33\u6b65\u6269\u5f20\u8d8b\u52bf\u3002\u4f46\u540c\u65f6\uff0c\u751f\u6001\u6269\u5f20\u6240\u9700\u8981\u7684\u521a\u6027\u6295\u5165\uff0c\u4e5f\u4f1a\u7ed9 Circle \u7684\u77ed\u671f\u76c8\u5229\u5e26\u6765\u8f83\u5927\u7684\u6ce2\u52a8\u548c\u627f\u538b\u3002<\/strong><\/p>\n<p>\u5177\u4f53\u6765\u770b\uff1a<\/p>\n<p><strong>1. \u751f\u6001\u5e03\u5c40\uff1a\u4f9d\u65e7\u8001\u5267\u672c\uff0c\u52a0\u5bc6<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%8a%95%e8%b5%84\" title=\"View all posts in \u6295\u8d44\" target=\"_blank\" class=\"tag_link\">\u6295\u8d44<\/a>\u627f\u538b\u3001\u65b0\u573a\u666f\u7ee7\u7eed\u5f00\u62d3<\/strong><\/p>\n<p>\uff081\uff09\u4e00\u5b63\u5ea6\u5e73\u5747 USDC \u6d41\u901a\u503c 752 \u4ebf\uff0c2 \u6708\u89e6\u5e95\u540e\u5728\u5730\u7f18\u6469\u64e6\u7684\u4e0d\u5229\u73af\u5883\u4e0b\uff0c\u5b63\u672b\u4ecd\u7136\u7f13\u6162\u722c\u5347\u81f3\u8fd1 770 \u4ebf\uff0c\u73af\u6bd4\u589e\u957f 2%\uff0c\u548c\u4e0a\u5b63\u5ea6\u5dee\u4e0d\u591a\u3002\u5f53\u671f\u65b0\u94f8\u5e01 730 \u4ebf\uff0c\u73af\u6bd4\u4e0b\u964d\uff0c\u53d7 Q1 \u52a0\u5bc6\u8d44\u4ea7\u884c\u60c5\u60e8\u6de1\u5f71\u54cd\u3002\u4f46\u82e5\u5254\u9664\u8be5\u5f71\u54cd\uff0c\u94f8\u5e01\u89c4\u6a21\u8fd8\u662f\u4fdd\u6301\u5728\u9ad8\u4f4d\uff0c\u4f53\u73b0\u7684\u662f\u52a0\u5bc6\u8d44\u4ea7\u6295\u8d44\u4e4b\u5916\u7684\u9700\u6c42\u573a\u666f\u6269\u5c55\u3002<\/p>\n<p>\u540c\u65f6\u8d4e\u56de\u91cf 720 \u4ebf\uff0c\u540c\u6bd4\u589e\u901f\u66f4\u5feb\uff0c\u4f53\u73b0\u52a0\u5bc6\u8d44\u4ea7\u5e02\u573a\u627f\u538b\u4e0b\uff0c\u90e8\u5206\u7528\u6237\u5728\u5151\u73b0\u6536\u76ca\u6216\u8f6c\u5411\u5176\u4ed6\u751f\u606f\u4ea7\u54c1\u3002<\/p>\n<p>\u7ade\u5bf9 <a href=\"https:\/\/www.alphaseek.cn\/?tag=usdt\" title=\"View all posts in USDT\" target=\"_blank\" class=\"tag_link\">USDT<\/a> \u89c4\u6a21\u76f8\u6bd4 USDC \u7684\u6bd4\u4f8b\uff0c\u5728 1 \u6708\u6709\u6240\u4e0b\u964d\u5916\uff0c\u540e\u9762\u4e24\u4e2a\u6708\u5f88\u5feb\u6062\u590d\uff0c\u56e0\u6b64\u4ece\u7ade\u4e89\u5173\u7cfb\u6765\u770b\uff0cUSDT \u7684\u7ade\u4e89\u5a01\u80c1\u4ecd\u7136\u8f83\u5927\u30024 \u6708 Drift \u9ed1\u5ba2\u4e8b\u4ef6\u4e4b\u540e\uff0cCircle <a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%88%86%e8%ae%ba\" title=\"View all posts in \u8206\u8bba\" target=\"_blank\" class=\"tag_link\">\u8206\u8bba<\/a>\u4e0d\u5229\uff0cTether \u79ef\u6781\u7ed9\u4e88 Drift \u771f\u91d1\u767d\u94f6\u7684\u5e2e\u52a9\uff0cCircle \u4e5f\u56e0\u6b64\u4e22\u5931\u4e86\u5ba2\u6237\u3002<\/p>\n<p>\u5f53\u4e0b\u8fd8\u5904\u4e8e\u7a33\u5b9a\u5e01\u6574\u4f53\u505a\u5927\u86cb\u7cd5\u7684\u65e9\u671f\uff0c\u56e0\u6b64\u7ade\u4e89\u6682\u65f6\u8fd8\u4e0d\u4f1a\u6210\u4e3a\u5f71\u54cd USDC \u589e\u957f\u7684\u4e3b\u8981\u56e0\u7d20\u3002<\/p>\n<p>\uff082\uff09USDC \u751f\u6001\u5185\u7684\u5206\u5e03\u60c5\u51b5\uff1aCircle \u4f53\u5185\u5360\u6bd4\u8fdb\u4e00\u6b65\u63d0\u9ad8\u5230 18%\uff0c\u65e5\u5185\u5e73\u5747\u7559\u5b58\u6bd4\u4f8b\u4e5f\u6709 17.2%\uff0c\u8fc7\u53bb\u4e00\u5e74\u4ece 6% \u9010\u5b63\u63d0\u5347\u5230\u73b0\u5728\uff0c\u540c\u65f6\u50a8\u5907\u5229\u606f\u6536\u5165\u7684\u5bf9\u5916\u5206\u6210\u6bd4\u4f8b\u7565\u5fae\u4e0b\u964d\u4e86 1pct\uff0c\u672a\u6765\u6709\u671b\u7ee7\u7eed\u4f18\u5316\uff0c\u63d0\u5347\u76c8\u5229\u80fd\u529b\u3002Coinbase \u4e0a\u5360\u4e86\u8fd1 25%\uff0c\u76f8\u6bd4\u4e0a\u5b63\u5ea6\u4ecd\u5b58\u5728\u4e3b\u52a8\u7559\u5b58\u7684\u8d8b\u52bf\u3002<\/p>\n<p>\uff083\uff09\u622a\u81f3\u4e00\u5b63\u5ea6\u672b\uff0c\u6570\u5b57\u94b1\u5305 MeWs \u6570\u91cf\uff08\u94fe\u4e0a\u6301\u6709\u5927\u4e8e 10 \u7f8e\u5143\u7684\u52a0\u5bc6\u94b1\u5305\uff09\u8fbe\u5230 720 \u4e07\u4e2a\uff0c\u5f53\u5b63\u73af\u6bd4\u51c0\u589e 40 \u4e07\uff0c\u8d85\u51fa\u5e02\u573a\u9884\u671f\uff0c\u4f53\u73b0\u5e73\u53f0\u76f4\u8fde\u7528\u6237\u89c4\u6a21\u7684\u589e\u957f\u3002<\/p>\n<p>\uff084\uff09\u751f\u6001\u62d3\u5c55\u7684\u6d88\u606f\u9762\u4e0a\uff0c\u4e00\u5b63\u5ea6\u4e3b\u8981\u4e0e Cash App\u3001Polymarket\u3001Kyriba \u5c55\u5f00\u5408\u4f5c\uff08\u5e73\u53f0\u652f\u6301\u539f\u751f USDC \u4ea4\u6613\uff09\uff0c\u540c\u65f6\u63a8\u8fdb Arc \u516c\u94fe\u4ee5\u53ca CPN \u4ea4\u6613\u7684\u89c4\u6a21\u3002<\/p>\n<p>\u4e00\u5b63\u5ea6\u6574\u4f53 USDC \u94fe\u4e0a\u4ea4\u6613\u9ad8\u8fbe 21.5 \u4e07\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f 263%\u3002CPN \u6309 3 \u6708\u8ba1\u7b97\u7684\u5e74\u5316\u4ea4\u6613\u89c4\u6a21 83 \u4ebf\u7f8e\u5143\uff0c4 \u6708\u7ee7\u7eed\u53d1\u5e03\u65b0\u4ea7\u54c1 Managed Payments\uff0c\u53ef\u4ee5\u5141\u8bb8\u91d1\u878d\u673a\u6784\u65e0\u9700\u7ba1\u7406\u6570\u5b57\u8d44\u4ea7\u4e0b\u5c31\u53ef\u4ee5\u542f\u7528\u7a33\u5b9a\u5e01\u652f\u4ed8\u3002<\/p>\n<p><strong>2. \u6536\u5165\u6709\u4eae\u70b9\u4f46\u6ca1\u4e0a\u5b63\u5ea6\u60ca\u8273\uff1a\u975e\u5229\u606f\u6536\u5165\u8868\u73b0\u8d85\u9884\u671f\uff0c\u4f46\u73af\u6bd4\u653e\u7f13\u3002<\/strong><\/p>\n<p>\u4e0a\u8ff0\u63d0\u53ca\u7684\u9762\u5411 B \u7aef\u7684\u751f\u6001\u62d3\u5c55\uff0c\u4e5f\u4f1a\u7ed9 Circle \u5e26\u6765\u50a8\u5907\u5229\u606f\u4e4b\u5916\u7684\u6536\u5165&mdash;&mdash;\u8ba1\u5165\u300c\u5176\u4ed6\u6536\u5165\u300d\u9879\u3002\u56e0\u6b64\u9664\u4e86\u5e2e\u52a9\u6269\u5927 USDC \u5e02\u573a\u5916\uff0c\u4e5f\u662f\u964d\u606f\u5468\u671f\u4e0b Circle \u5bf9\u6297\u50a8\u5907\u5229\u606f\u589e\u957f\u538b\u529b\u800c\u53d1\u5c55\u7684\u7b2c\u4e8c\u66f2\u7ebf\u3002<\/p>\n<p>\u4e00\u5b63\u5ea6\u5176\u4ed6\u6536\u5165\u5b9e\u73b0 4200 \u4e07\u7f8e\u5143\uff0c\u867d\u7136\u5360\u6bd4\u4ecd\u7136\u5f88\u5c0f\uff086%\uff09\uff0c\u4f46\u4ecd\u7136\u5728\u57fa\u6570\u8d70\u9ad8\u4e0b\u4fdd\u6301\u7ffb\u500d\u589e\u957f\u3002\u4e0d\u8fc7\u4ece\u8d8b\u52bf\u4e0a\u770b\uff0c\u73af\u6bd4\u589e\u901f 13% \u76f8\u8f83\u4e0a\u5b63\u5ea6\u7684 29% \u6709\u6240\u653e\u7f13\uff0c\u6ca1\u4e0a\u5b63\u5ea6\u60ca\u8273\u3002<\/p>\n<p><strong>3. \u6bdb\u5229\u7387\uff1a\u7559\u5b58\u4efd\u989d\u63d0\u5347\uff0c\u7f13\u51b2\u5206\u6210\u538b\u529b<\/strong><\/p>\n<p>\u5e02\u573a\u6b64\u524d\u62c5\u5fc3 Circle \u5728\u751f\u6001\u6269\u5f20\u7684\u540c\u65f6\uff0c\u9700\u8981\u540c\u65f6\u4e0e\u5408\u4f5c\u4f19\u4f34\u74dc\u5206\u50a8\u5907\u5229\u606f\u6536\u76ca\uff0c\u4ee5\u53ca Coinbase \u8d22\u62a5\u62ab\u9732\u51fa\u5176 USDC \u5360\u6bd4\u4e0a\u5347\uff0c\u4ece\u800c\u62c9\u9ad8 Circle \u7684\u6e20\u9053\u5206\u9500\u6210\u672c\uff0c\u5e26\u6765\u6bdb\u5229\u7387\u538b\u529b\u3002<\/p>\n<p>\u5b9e\u9645\u60c5\u51b5\u662f Circle \u7ee7\u7eed\u901a\u8fc7\u589e\u52a0\u81ea\u6301 USDC \u4efd\u989d\uff0c\u7f13\u89e3\u6210\u672c\u589e\u957f\u538b\u529b\u3002\u5176\u4e2d\uff0c\u4ed8\u7ed9 Coinbase \u7684\u6210\u672c\u5728\u6574\u4f53\u5206\u6210\u6210\u672c\u4e2d\u7684\u5360\u6bd4\u5728\u51cf\u5c11\uff08\u4ece 97% \u4e0b\u964d\u81f3 75%\uff09\u3002\u8981\u77e5\u9053\uff0cCoinbase \u5728\u4e0e Circle \u4e2d\u5408\u4f5c\u4e2d\u56e0\u4e3a\u8bdd\u8bed\u6743\u6700\u5927\uff0c\u56e0\u6b64\u5206\u6210\u6bd4\u4f8b 50% \u4e5f\u662f\u6700\u9ad8\u989d\u3002<\/p>\n<p>\u518d\u52a0\u4e0a\u5176\u4ed6\u6536\u5165\u4e2d\u7684\u8f6f\u4ef6\u3001\u652f\u4ed8\u7b49\u5176\u4ed6\u57fa\u7840\u8bbe\u65bd\u670d\u52a1\u6536\u5165\u5927\u591a\u5c5e\u4e8e\u9ad8\u5229\u6da6\u7387\u4e1a\u52a1\uff0c\u672c\u5b63\u5ea6\u5176\u4ed6\u4e1a\u52a1\u589e\u901f\u66f4\u5feb\uff0c\u6536\u5165\u8d21\u732e\u6bd4\u4f8b\u4e5f\u6709\u63d0\u9ad8\u3002\u6700\u7ec8\u6bdb\u5229\u7387 41.4%\uff0c\u73af\u6bd4\u7ee7\u7eed\u6539\u5584 130bps\u3002<\/p>\n<p><strong>4. \u521a\u6027\u7684\u6295\u5165\u5468\u671f\u4e0b\uff0c\u5229\u6da6\u627f\u538b\uff1a<\/strong>\u7ecf\u8425\u5229\u6da6\u540c\u6bd4\u4e0b\u6ed1\u663e\u8457\uff0c\u540c\u6837\u662f\u56e0\u4e3a\u521a\u6027\u7684\u6295\u5165\u5468\u671f\u4e0b\uff0c\u5360\u6bd4\u8f83\u5927\u7684\u5229\u606f\u6536\u5165\u4e00\u65e6\u53d7\u5f71\u54cd\uff0c\u5bf9\u5229\u6da6\u7684\u53d8\u52a8\u4f1a\u975e\u5e38\u654f\u611f\u3002<\/p>\n<p>\u4e0d\u8fc7\uff0cQ1 \u8d22\u62a5\u4e2d\u7ba1\u7406\u5c42\u5bf9 2026FY \u7684\u6307\u5f15\u4e0a\uff0c\u5bf9\u5168\u5e74\u7ecf\u8c03\u6574\u7ecf\u8425\u8d39\u7528\u533a\u95f4\uff085.7-5.85 \u4ebf\uff09\u4fdd\u6301\u4e0d\u53d8\uff0c\u4f18\u4e8e\u5e02\u573a\u66f4\u9ad8\u7684\u6295\u5165\u9884\u671f\uff087.25 \u4ebf\uff09\u3002<\/p>\n<p><strong>5. \u672a\u6765\u589e\u957f\uff1a\u6307\u5f15\u4e0d\u53d8\uff0c\u77ed\u671f\u6ce2\u52a8\u4ecd\u7559\u4e00\u5206\u8c28\u614e<\/strong><\/p>\n<p>\uff081\uff09\u5173\u4e8e USDC \u591a\u5e74\u89c4\u6a21\u589e\u901f\u7684\u5c55\u671b\uff0cQ1 \u7ba1\u7406\u5c42\u4ecd\u7136\u7ef4\u6301\u591a\u5e74 CAGR \u589e\u901f 40% \u7684\u9884\u671f\u3002\u4f46\u548c\u4e0a\u5b63\u5ea6\u4e00\u6837\uff0c\u6d77\u8c5a\u541b\u8ba4\u4e3a\u8fd8\u662f\u8981\u4fdd\u7559\u8c28\u614e\u3001\u4e0d\u7528\u7acb\u5373\u5b9a\u4ef7\uff1a\u7531\u4e8e\u5e02\u573a\u53d8\u5316\u5927\uff0c\u8fd9\u4e2a\u53ef\u4ee5\u6682\u4e14\u5ffd\u7565\uff0c\u6309\u53bb\u5e74\u60c5\u51b5\uff0c\u8be5\u4e2d\u957f\u671f\u7684\u504f\u5b9a\u6027\u6307\u5f15\u5e76\u4e0d\u4ee3\u8868\u77ed\u671f\u4e00\u5b9a\u4f1a\u8fbe\u6807\u3002<\/p>\n<p>\uff082\uff09\u5176\u4ed6\u6536\u5165\u4e5f\u662f\u4fdd\u6301 1.5-1.7 \u4ebf\u7f8e\u5143\u6536\u5165\u76ee\u6807\uff0c\u540c\u6bd4\u589e\u901f 46%\u3002\u5982\u679c\u76f4\u63a5\u6309 Q1 \u8fdb\u884c\u5e74\u5316\uff0c\u4e5f\u5c31\u662f 1.67 \u4ebf\u7f8e\u5143\uff0c\u521a\u597d\u843d\u5165\u76ee\u6807\u533a\u95f4\u3002\u4e0d\u8fc7\u6d77\u8c5a\u541b\u8ba4\u4e3a\uff0c\u968f\u7740 CLARITY \u6cd5\u6848\u6709\u6548\u63a8\u8fdb\uff0c\u8fd9\u4e2a\u6307\u5f15\u8fd8\u662f\u6709\u5f88\u5927\u5e0c\u671b beat \u7684\u3002<\/p>\n<p><strong>6. \u91cd\u8981\u8d22\u52a1\u6307\u6807\u4e00\u89c8<\/strong><\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/41c1909fdd686121921b39357eb11dad_1778551204.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x916\/gravity\/center\/crop\/!1440x916&ext=.jpg\" width=\"1558\" height=\"992\" alt=\"Circle\uff1a\u7a00\u70c2\u884c\u60c5\uff0c\u7a33\u5b9a\u5e01\u7b2c\u4e00\u80a1\u7167\u6837\u6269\u5f20\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<p><strong>\u6d77\u8c5a\u541b\u89c2\u70b9<\/strong><\/p>\n<p>Q1 \u7684\u8868\u73b0\u7c7b\u4f3c\u53bb\u5e74 Q4 \u7684 &ldquo;\u52a0\u5f3a&rdquo; \u7248&mdash;&mdash;\u52a0\u5bc6\u8d44\u4ea7\u4ea4\u6613\u60c5\u7eea\u8fdb\u4e00\u6b65\u964d\u6e29\uff0c\u4f46 Circle \u5e76\u672a\u505c\u4e0b\u5411\u5176\u4ed6\u573a\u666f\u62d3\u5c55\u7684\u811a\u6b65\uff0c\u56e0\u6b64\u9020\u6210\u77ed\u671f\u7684\u5229\u6da6\u627f\u538b\u66f4\u751a\u3002<\/p>\n<p>\u867d\u7136 Coinbase \u4e0e Circle \u5c5e\u4e8e\u4ea7\u4e1a\u94fe\u4e0d\u540c\u73af\u8282\uff0c\u5728\u52a0\u5bc6\u8d44\u4ea7\u884c\u60c5\u4e0d\u4f73\u65f6\uff0c\u5bf9\u4e24\u65b9\u7684\u5f71\u54cd\u7a0b\u5ea6\u662f\u4e0d\u540c\u7684\uff08Circle \u7684\u5f71\u54cd\u8981\u66f4\u5c0f\u4e00\u4e9b\uff09\uff0c\u5e76\u4e14\u4ed6\u4eec\u4e4b\u95f4\u8fd8\u5b58\u5728\u5229\u76ca\u74dc\u5206\u7684\u95ee\u9898\uff0c\u4f46\u77ed\u671f\u4e0a\u4e24\u8005\u5728\u5927\u65b9\u5411\u4e0a\u662f\u540c\u8fdb\u9000\u7684\u4ea4\u6613\u8282\u594f\u3002<\/p>\n<p>\u56e0\u6b64\u4e0a\u5b63\u5ea6\u6211\u4eec\u5728\u52a0\u5bc6\u8d44\u4ea7\u627f\u538b + \u653f\u7b56\u65f6\u95f4\u7ebf\u4e0d\u6e05\u6670\u4e0b\uff0c\u6ce8\u91cd\u5b89\u5168\u5e95\u7ebf\u7684\u4ef7\u683c\u3002\u76ee\u524d\u7684 Circle \u57fa\u672c\u5408\u7406\u7684\u4fee\u590d\u8fc7\u7a0b\u5df2\u7ecf\u8d70\u5b8c\u5927\u90e8\u5206\u3002\u540e\u7eed\u7a7a\u95f4\u7684\u6253\u5f00\uff0c\u8981\u770b\u7a33\u5b9a\u5e01\u4ee5\u53ca USDC \u7684\u6269\u5f20\u8fdb\u5ea6\u3002\u77ed\u671f\u4e0a\uff0c\u7531\u4e8e CLARITY \u6cd5\u6848\u7684\u6709\u6548\u63a8\u8fdb\uff0c\u5728\u5b8f\u89c2\u6ca1\u6709\u66f4\u591a\u7cfb\u7edf\u6027<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%a3%8e%e9%99%a9\" title=\"View all posts in \u98ce\u9669\" target=\"_blank\" class=\"tag_link\">\u98ce\u9669<\/a>\u4e0b\u6709\u671b\u7ed9\u5230\u4e00\u4e9b\u79ef\u6781\u60c5\u7eea\uff0c\u4ece\u800c\u652f\u6491\u5f53\u524d\u4f30\u503c\u3002<\/p>\n<p><strong>\u4ee5\u4e0b\u4e3a\u8be6\u7ec6\u5206\u6790<\/strong><\/p>\n<h3><strong>\u4e00\u3001Circle \u57fa\u672c\u4e1a\u52a1\u6846\u67b6<\/strong><\/h3>\n<p>Circle \u662f\u7a33\u5b9a\u5e01 USDC \u7684\u53d1\u884c\u65b9\uff0c\u4e3b\u8981\u6536\u5165\u6765\u81ea\u4e8e\uff1a\uff081\uff09\u50a8\u5907\u8d44\u4ea7\u7684\u5229\u606f\uff0c\u8fd9\u90e8\u5206\u6536\u5165\u4e0e\u5e02\u573a\u6d41\u901a\u7684 USDC \u89c4\u6a21\u548c\u56fd\u503a\u5229\u7387\u6302\u94a9\u3002\uff082\uff09\u5176\u4ed6\u6536\u5165\uff0c\u5305\u62ec\u4e3a\u5ba2\u6237\u63d0\u4f9b Web3 \u8f6f\u4ef6\uff08SaaS \u8ba2\u9605\uff09\u3001CPN \u652f\u4ed8\uff08\u57fa\u4e8e\u652f\u4ed8\u91d1\u989d\/\u7b14\u6570\u6536\u8d39\uff09\u4ee5\u53ca Arc \u516c\u94fe\u6240\u6536\u53d6\u7684\u670d\u52a1\u8d39\u6216\u8005 Gas \u8d39\uff08\u57fa\u4e8e\u6bcf\u4e00\u7b14\u4ea4\u6613\u6536\u8d39\uff09\u3002<\/p>\n<p>\u4e3a\u4e86\u6446\u8131\u964d\u606f\u5f71\u54cd\uff0cCircle \u5728\u79ef\u6781\u5f00\u62d3\u5176\u4ed6\u6536\u5165\u9879\uff0c\u5176\u4e2d 2025 \u5e74\u4e3b\u8981\u63a8\u8fdb\u4e86 CPN \u652f\u4ed8\u4ee5\u53ca Arc \u516c\u94fe\u4e1a\u52a1\uff0c\u76ee\u524d\u5176\u4ed6\u6536\u5165\u5360\u6bd4\u5df2\u7ecf\u9010\u6e10\u8d8b\u8fd1\u4e8e 5%\uff0c\u9884\u8ba1\u540e\u7eed\u5c06\u52a0\u901f\u589e\u957f\u6269\u5927\u89c4\u6a21\u3002<\/p>\n<p>\u5728\u652f\u51fa\u9879\u4e0a\uff0cCircle \u5185\u90e8\u7684\u8fd0\u8425\u6210\u672c\u8d39\u7528\u4e3b\u8981\u5c31\u662f\u5458\u5de5\u85aa\u916c\uff0c\u5916\u90e8\u6210\u672c\u5219\u4e3b\u8981\u662f\u5360\u6536\u5165\u6bd4\u91cd 60% \u7684\u6e20\u9053\u5206\u6210\u548c\u4ea4\u6613\u6210\u672c\uff08\u5927\u90e8\u5206\u7ed9 Coinbase\uff09\uff0c\u52a0\u56de\u6298\u65e7\u548c\u80a1\u6743\u6fc0\u52b1\u540e\u7684 EBITDA \u5229\u6da6\u7387\u4e3a 20% \u5de6\u53f3\uff0c\u8981\u4f4e\u4e8e\u5927\u90e8\u5206\u91d1\u79d1\u5e73\u53f0\u3002\u56e0\u6b64\u5728\u751f\u6001\u6269\u5f20\u7684\u540c\u65f6\uff0c\u5bf9\u5206\u6210\u6210\u672c\u7684\u589e\u52a0\u9884\u671f\uff0c\u4e5f\u4f7f\u5f97\u90e8\u5206\u8d44\u91d1\u62c5\u5fe7 Circle \u7684\u77ed\u671f\u76c8\u5229\u538b\u529b\u3002<\/p>\n<p>\u4ece\u4e2d\u957f\u671f\u89c6\u89d2\uff0c\u751f\u6001\u6269\u5f20\u7684\u91cd\u8981\u6027\u66f4\u9ad8\u3002\u76ee\u524d USDC \u5728\u6574\u4e2a\u7a33\u5b9a\u5e01\u5e02\u573a\u7684\u4efd\u989d\u6392\u7b2c\u4e8c\uff0c\u76f8\u6bd4\u4e8e\u8001\u5927 USDT\uff0c\u5176\u4f18\u52bf\u5728\u4e8e\u5408\u89c4\u6027\u3002\u5f85 CLARITY \u6cd5\u6848\u843d\u5730\uff0cUSDC \u6709\u671b\u7ee7\u7eed\u4f53\u73b0\u5176 &ldquo;\u76f8\u5bf9&rdquo; \u4f18\u52bf\uff0c\u5438\u5f15\u66f4\u591a\u673a\u6784\u8d44\u91d1\u7684\u5e03\u5c40\u3002<\/p>\n<h3><strong>\u4e8c\u3001USDC \u751f\u6001\uff1a\u52a0\u901f\u53d1\u65b0\u5e01\uff0c\u77ed\u671f\u53d7\u52a0\u5bc6\u8d44\u4ea7\u627f\u538b\u5f71\u54cd<\/strong><\/h3>\n<p>\u4e00\u5b63\u5ea6 USDC \u5e73\u5747\u6d41\u901a\u89c4\u6a21 752 \u4ebf\uff0c\u73af\u6bd4\u4e0b\u964d\uff0c\u4f46\u5b63\u672b\u722c\u81f3 770 \u4ebf\uff0c\u73af\u6bd4\u589e\u957f 2%\u3002\u5f53\u671f\u94f8\u5e01 730 \u4ebf\uff0c\u8d4e\u56de 720 \u4ebf\uff0c\u51c0\u589e\u53d1\u884c\u91cf\u76f8\u6bd4\u4e09\u5b63\u5ea6\u6709\u660e\u663e\u653e\u7f13\u3002\u6839\u636e Coinmarketcap\uff0c1 \u6708 USDC \u6d41\u901a\u4f59\u989d\u5728\u52a0\u5bc6\u8d44\u4ea7\u6050\u614c\u6027\u4e0b\u8dcc\u4e0b\u5feb\u901f\u6ed1\u843d\uff0c\u76f4\u5230 2 \u6708\u521d\u624d\u6709\u6240\u53cd\u5f39\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/28d85a846e88968613b5cbb8a6a01d00_1778551204.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x714\/gravity\/center\/crop\/!1440x714&ext=.jpg\" width=\"1338\" height=\"664\" alt=\"Circle\uff1a\u7a00\u70c2\u884c\u60c5\uff0c\u7a33\u5b9a\u5e01\u7b2c\u4e00\u80a1\u7167\u6837\u6269\u5f20\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<p><strong>1. USDC \u5916\u90e8\u5e02\u573a\u4efd\u989d<\/strong><\/p>\n<p>\u6574\u4f53\u7a33\u5b9a\u5e01\u5e02\u573a\u4e2d\uff0cUSDC \u4efd\u989d\u73af\u6bd4\u7a33\u5b9a\u518d 28%\u3002\u800c\u4e0e\u6700\u76f4\u63a5\u7684\u7ade\u5bf9 USDT \u76f8\u6bd4\uff0cUSDC \u5e76\u672a\u5c55\u73b0\u6301\u7eed\u7684\u7ade\u4e89\u4f18\u52bf\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/a39cfefbd116715519f9f4b65e578e8e_1778551204.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x547\/gravity\/center\/crop\/!1440x547&ext=.jpg\" width=\"1316\" height=\"500\" alt=\"Circle\uff1a\u7a00\u70c2\u884c\u60c5\uff0c\u7a33\u5b9a\u5e01\u7b2c\u4e00\u80a1\u7167\u6837\u6269\u5f20\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<p><strong>2. USDC \u5185\u90e8\u6e20\u9053\u7ade\u4e89<\/strong><\/p>\n<p>USDC \u5728\u4e0d\u540c\u6e20\u9053\u5206\u5e03\u4e0a\uff0cCircle \u5185\u90e8\u6301\u6709\u5360\u6bd4\u7ee7\u7eed\u63d0\u5347\uff0c\u8fbe\u5230 18%\u3002<\/p>\n<p>\u800c\u57fa\u4e8e\u4e00\u5b63\u5ea6 Coinbase \u8d22\u62a5\u62ab\u9732\uff0c\u5176\u5728 USDC \u6d41\u901a\u4efd\u989d\u5360\u6bd4\u73af\u6bd4\u8d70\u9ad8\u5230 25%\uff0c\u76f8\u6bd4\u4e0a\u5b63\u5ea6\u4ecd\u5b58\u5728\u4e3b\u52a8\u7559\u5b58\u7684\u8d8b\u52bf\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/66cf8103296f9974f956e2695614c942_1778551204.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x720&ext=.jpg\" width=\"1404\" height=\"702\" alt=\"Circle\uff1a\u7a00\u70c2\u884c\u60c5\uff0c\u7a33\u5b9a\u5e01\u7b2c\u4e00\u80a1\u7167\u6837\u6269\u5f20\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<p><strong>\u4f53\u73b0\u751f\u6001\u53d1\u5c55\u7684\u53e6\u4e00\u4e2a\u6838\u5fc3\u6307\u6807&mdash;&mdash;\u6709\u6548\u6570\u5b57\u94b1\u5305\u6570\u91cf<\/strong>\uff0c\u622a\u81f3\u4e00\u5b63\u5ea6\u672b\uff0c\u6570\u5b57\u94b1\u5305 MeWs \u6570\u91cf\uff08\u94fe\u4e0a\u6301\u6709\u5927\u4e8e 10 \u7f8e\u5143\u7684\u52a0\u5bc6\u94b1\u5305\uff09\u8fbe\u5230 720 \u4e07\u4e2a\uff0c\u73af\u6bd4\u51c0\u589e 40 \u4e07\uff0c\u731c\u6d4b\u4e3b\u8981\u662f\u53d7\u52a0\u5bc6\u5e02\u573a\u627f\u538b\u800c\u7ee7\u7eed\u653e\u7f13\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/6f4e75d7ccafc2fc008920ce51e47193_1778551205.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x629\/gravity\/center\/crop\/!1440x629&ext=.jpg\" width=\"1404\" height=\"614\" alt=\"Circle\uff1a\u7a00\u70c2\u884c\u60c5\uff0c\u7a33\u5b9a\u5e01\u7b2c\u4e00\u80a1\u7167\u6837\u6269\u5f20\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<h3><strong>\u4e09\u3001\u5176\u4ed6\u6536\u5165\u7ee7\u7eed\u8d85\u9884\u671f\uff0c\u4f46\u8d8b\u52bf\u4e0d\u591f\u79ef\u6781<\/strong><\/h3>\n<p>\u7531\u4e8e Circle \u6536\u5165\u4e2d\uff0c\u5360\u6bd4 95% \u7684\u50a8\u5907\u8d44\u4ea7\u5229\u606f\u6536\u5165\u57fa\u672c\u4e0a\u53ef\u4ee5\u8bf4\u662f\u516c\u5f00\u6570\u636e\uff0c\u56e0\u6b64\u80fd\u4ea7\u751f\u9884\u671f\u5dee\u7684\u4e3b\u8981\u5c31\u662f\u5176\u4ed6\u6536\u5165\uff0c\u800c\u4e00\u5b63\u5ea6\u8868\u73b0\u662f\u7ee7\u7eed\u8d85\u9884\u671f\u3002<\/p>\n<p>\u5177\u4f53\u800c\u8a00\uff0c\u5176\u4ed6\u6536\u5165\u4e3b\u8981\u662f\u5305\u62ec\u53d1\u5e01\u6536\u5165\u3001\u4ea4\u6613\u3001\u6258\u7ba1\u3001Web3 API \u5957\u4ef6\u3001<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%bb%a3%e5%b8%81\" title=\"View all posts in \u4ee3\u5e01\" target=\"_blank\" class=\"tag_link\">\u4ee3\u5e01<\/a>\u5316\u57fa\u91d1 USYC \u4ee5\u53ca\u53bb\u5e74 4 \u6708\u4e0a\u7ebf\u7684 CPN \u8d39\u7528\uff08\u56fa\u5b9a\u63a5\u5165\u8d39 + \u6309\u6bcf\u7b14\u4ea4\u6613\u652f\u4ed8\u7684\u7ed3\u7b97\/\u5ba1\u8ba1\u8d39\u3001Arc \u94fe Gas \u8d39\u7b49\uff09\u5e26\u6765\u3002<\/p>\n<p>\u4e00\u5b63\u5ea6\u5176\u4ed6\u6536\u5165 4200 \u4e07\uff0c\u73af\u6bd4\u589e\u957f 13%\uff0c\u6709\u6240\u653e\u7f13\uff0c\u6ca1\u6709\u4e0a\u5b63\u5ea6\u60ca\u8273\u3002\u540c\u65f6\uff0c\u516c\u53f8\u6307\u5f15\u4eca\u5e74\u5168\u5e74\u7684\u5176\u4ed6\u6536\u5165\u8fd8\u662f\u4fdd\u6301\u5728 1.5-1.7 \u4ebf\u7f8e\u5143\uff0c\u4ece\u73af\u6bd4\u589e\u957f\u8d8b\u52bf\u4e0a\u770b\uff0c\u5b9e\u9645\u4e0d\u7b97\u592a\u79ef\u6781\u3002\u6d77\u8c5a\u541b\u8ba4\u4e3a\uff0c\u5982\u679c\u6b63\u5e38\u6269\u5f20 USDC\uff0c\u90a3\u4e48\u5e94\u8be5\u4f1a\u6709\u7ee7\u7eed beat \u7684\u53ef\u80fd\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/f878b29b864beb12b9962d96e352a094_1778551205.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x737\/gravity\/center\/crop\/!1440x737&ext=.jpg\" width=\"1434\" height=\"734\" alt=\"Circle\uff1a\u7a00\u70c2\u884c\u60c5\uff0c\u7a33\u5b9a\u5e01\u7b2c\u4e00\u80a1\u7167\u6837\u6269\u5f20\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<p>\u800c\u5360\u5927\u5934\u7684\u4e3b\u8981\u6536\u5165\uff0c\u53d7\u5230 USDC \u6269\u5f20\u8282\u594f\uff0c\u4ee5\u53ca\u5f53\u4e0b\u56fd\u503a\u5229\u7387\u73af\u5883\u7684\u5f71\u54cd\u3002\u4e00\u5b63\u5ea6 USDC \u5e73\u5747\u89c4\u6a21\u540c\u6bd4\u589e\u957f 70%\uff0c\u5229\u7387\u4e0b\u6ed1\u81f3 3.5%\uff0c\u540c\u6bd4\u4e0b\u964d 64bps\uff0c\u6700\u7ec8\u50a8\u5907\u5229\u606f\u6536\u5165\u589e\u901f 17%\uff0c\u5df2\u7ecf\u5feb\u901f\u653e\u7f13\u3002<\/p>\n<p>\u4e0d\u8fc7\u540e\u9762\u7684\u964d\u606f\u9884\u671f\u57fa\u672c\u964d\u81f3\u4e3a 0\uff0c\u56e0\u6b64\u5728\u5229\u7387\u4fdd\u6301\u7a33\u5b9a\u4e0b\uff0c\u540e\u9762\u4e09\u4e2a\u5b63\u5ea6\u7684\u89c4\u6a21\u6b63\u5e38\u6269\u5f20\u7684\u8bdd\uff08QoQ 5% \u4ee5\u4e0a\uff09\uff0c\u90a3\u4e48\u5168\u5e74\u8fd8\u662f\u6709\u5e0c\u671b\u5728\u5229\u7387\u540c\u6bd4\u627f\u538b\u4e0b\u4fdd\u6301 5-10% \u7684\u589e\u957f\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/0a865d9baf7314bebf94fa8193bcb448_1778551205.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x672\/gravity\/center\/crop\/!1440x672&ext=.jpg\" width=\"1434\" height=\"670\" alt=\"Circle\uff1a\u7a00\u70c2\u884c\u60c5\uff0c\u7a33\u5b9a\u5e01\u7b2c\u4e00\u80a1\u7167\u6837\u6269\u5f20\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/c34f3be118aeed000edecc789de81986_1778551205.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x679\/gravity\/center\/crop\/!1440x679&ext=.jpg\" width=\"1348\" height=\"636\" alt=\"Circle\uff1a\u7a00\u70c2\u884c\u60c5\uff0c\u7a33\u5b9a\u5e01\u7b2c\u4e00\u80a1\u7167\u6837\u6269\u5f20\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<h3><strong>\u56db\u3001\u521a\u6027\u6295\u5165\u4e0b\uff0c\u76c8\u5229\u627f\u538b<\/strong><\/h3>\n<p>\u4e00\u5b63\u5ea6\u6bdb\u5229\u7387\u73af\u6bd4\u589e\u52a0 130 \u4e2a\u57fa\u70b9\uff0c\u8fbe\u5230 41.4%\u3002Circle \u7ee7\u7eed\u901a\u8fc7\u589e\u52a0\u81ea\u6301 USDC \u4efd\u989d\uff0c\u7f13\u89e3\u6e20\u9053\u5206\u6210\u589e\u957f\u538b\u529b\u3002\u518d\u52a0\u4e0a\u8f6f\u4ef6\u3001\u652f\u4ed8\u7b49\u5176\u4ed6\u57fa\u7840\u8bbe\u65bd\u670d\u52a1\u6536\u5165\u5927\u591a\u5c5e\u4e8e\u9ad8\u5229\u6da6\u7387\u4e1a\u52a1\uff0c\u672c\u5b63\u5ea6\u5176\u4ed6\u4e1a\u52a1\u589e\u901f\u66f4\u5feb\uff0c\u6536\u5165\u8d21\u732e\u6bd4\u4f8b\u4e5f\u6709\u63d0\u9ad8\u3002<\/p>\n<p>\u4e00\u5b63\u5ea6\u5c3d\u7ba1\u6536\u5165\u627f\u538b\u589e\u957f\u653e\u7f13\uff0c\u4f46\u5404\u9879\u8d39\u7528\u6536\u5165\u4ecd\u7136\u4fdd\u6301\u9ad8\u589e\u957f\uff0c\u6700\u7ec8\u7ecf\u8c03\u6574 EBITDA \u4e3a 1.33 \u4ebf\uff0c\u5229\u6da6\u7387 19.2%\uff0c\u73af\u6bd4\u63d0\u5347 50bps\u3002<\/p>\n<p>\u516c\u53f8\u6307\u5f15 2026 \u5e74\u5168\u5e74\u6210\u672c\u548c\u7ecf\u8425\u8d39\u7528\uff08\u5254\u9664 SBC \u548c\u6298\u65e7\u644a\u9500\uff09\u4fdd\u6301\u4e0d\u53d8\uff0c\u4ecd\u7136\u4e3a 5.7-5.85 \u4ebf\uff0c\u540c\u6bd4\u589e\u957f 10%\uff0c\u4f4e\u4e8e\u5e02\u573a\u9884\u671f\u3002<\/p>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/9d4d750b623c3b2d09baa8915de5dfe5_1778551205.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x662\/gravity\/center\/crop\/!1440x662&ext=.jpg\" width=\"1344\" height=\"618\" alt=\"Circle\uff1a\u7a00\u70c2\u884c\u60c5\uff0c\u7a33\u5b9a\u5e01\u7b2c\u4e00\u80a1\u7167\u6837\u6269\u5f20\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<\/div>\n<div>\n<p><img loading=\"lazy\" src=\"https:\/\/images.tmtpost.com\/uploads\/images\/2026\/05\/9b905c7fa005d559a5f09a2e9c6a4630_1778551205.jpg?imageMogr2\/auto-orient\/strip\/interlace\/1\/quality\/85\/thumbnail\/1440x658\/gravity\/center\/crop\/!1440x658&ext=.jpg\" width=\"1316\" height=\"602\" alt=\"Circle\uff1a\u7a00\u70c2\u884c\u60c5\uff0c\u7a33\u5b9a\u5e01\u7b2c\u4e00\u80a1\u7167\u6837\u6269\u5f20\" style=\"display:block; margin-left:auto; margin-right:auto\" \/><\/p>\n<p>(\u6765\u6e90\uff1a\u949b\u5a92\u4f53)<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u6587 | \u6d77\u8c5a\u7814\u7a76 \u7f8e\u4e1c 5 \u6708 11 \u65e5\u76d8\u524d\uff0c\u7a33\u5b9a\u5e01\u7b2c\u4e00\u80a1$Circle(CRCL.US) \u53d1\u5e03\u4e86 2026  [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[369,266,319,353,241,370,281,34,385,192],"views":26,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/777579"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=777579"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/777579\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=777579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=777579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=777579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}