CPI 衝擊下 BTC 守 7.7 萬、ETF 撤資與 Nasdaq 入股 Kraken——本週定調為「宏觀再定價、機構通道分化」
自週四報告以來四線更新：（1）8 月核心 CPI 超預期、9 月升息機率一度逼近 90%，美債殖利率短暫逼近 5%，BTC 仍守在 7.7 萬美元，Glassnode 指出賣壓腰斬、缺的是買盤；（2）現貨 BTC ETF 連續三日淨流出約 4.5 億美元，ARKB 單日撤 1.64 億，機構短線轉保守；（3）Nasdaq 9/10 宣布以 1 億美元入股 Kraken 母公司 Payward，推進 Nasdaq Equity Tokens（NETs）2027 年上線、保留投票權的代幣化美股；（4）Revolut 誤信假政府資料請求，交付客戶護照、住址與完整 BTC 交易紀錄，VASP 合規流程再受檢視；（5）SBF 9/10 向美國最高法院提交調卷令，挑戰 25 年刑期與 110 億美元沒收令。
BTC 收 $76,784（7d -4.4%）、ETH $2,484（-1.2%），全球市值約 2.62 兆、BTC 市占 58.9%。Fear & Greed 本日 57（Greed）、週均 63.0，自週四 69 明顯降溫。穩定幣總市值 311.82B（WoW -0.06%）；USDe 4.59B（WoW +5.62%）、USDT 183.42B（+0.05%）。BTC ETF 本窗口週成交額約 83.7 億美元（較上週 -33.6 億）、ETH ETF 約 44.3 億（+15.7 億）。Hyperliquid Perps 7 日量約 1,012 億、占鏈上永續 61.7%。Cardano 鏈 TVL 約 5,391 萬美元（7d -11.74%，週四約 6,109 萬已回吐）、DEX 24h 約 76.7 萬美元；ADA 週線 -8.5%（週四 +5.0% 已回吐）。
Nasdaq 週跌 -0.94%、VIX 15.84 週升 +9.0%，風險偏好略降。自週四 MSTR（-0.18% 週）擴大為 -9.56%、COIN -9.05%、CRCL -12.23%，HOOD 由 +9.99% 反轉為 -9.74%；礦股 MARA（+3.28%）、HUT（+11.93%）、CLSK（+8.66%）週線仍強於 BTC。CPI 一句帶過：核心通膨偏熱推升升息預期，BTC 未再跌破 7.7 萬但 ETF 撤資與概念股回吐同步升溫。
FOMC 9/15–16 利率決策；Arbitrum Watchdog 治理投票 9/17；CryptoQuant 指出有效站上 81,700 美元才算牛市重啟；Kalshi 60 款美股永續合約監管審批；Cardano Dijkstra Era 升級路線；至下週四報告前 BTC 7.7 萬支撐能否守住。
共 10 則產業消息 · 點「展開」閱讀
數據截至 2026/09/14 09:03（台北）
加密貨幣市值前二十（CoinGecko；漲跌 7d / 30d）
| # | 標的 | 價格 | 市值 | 7d | 30d |
|---|---|---|---|---|---|
| 1 | BTC Bitcoin | $76,784 | $1.54T | -4.40% | +21.90% |
| 2 | ETH Ethereum | $2,484 | $303.1B | -1.20% | +32.10% |
| 3 | USDT Tether | $1.00 | $183.4B | 0.00% | 0.00% |
| 4 | BNB BNB | $718.71 | $95.7B | -4.50% | +18.30% |
| 5 | XRP XRP | $1.35 | $84.7B | -5.30% | +34.90% |
| 6 | USDC USDC | $1.00 | $74.2B | 0.00% | 0.00% |
| 7 | SOL Solana | $99.63 | $58.5B | -6.40% | +32.30% |
| 8 | TRX TRON | $0.34 | $32.1B | +1.00% | +1.90% |
| 9 | FIGR_HELOC Figure Heloc | $1.00 | $22.6B | -0.50% | -0.60% |
| 10 | ZEC Zcash | $1,062 | $18.0B | -13.50% | +115.30% |
| 11 | HYPE Hyperliquid | $77.82 | $17.3B | -11.50% | +37.90% |
| 12 | DOGE Dogecoin | $0.08 | $12.9B | -9.00% | +18.10% |
| 13 | RAIN Rain | $0.02 | $10.8B | -9.30% | +19.10% |
| 14 | XMR Monero | $515.37 | $9.7B | -4.40% | +29.00% |
| 15 | USDS USDS | $1.00 | $9.6B | 0.00% | 0.00% |
| 16 | WBT WhiteBIT Coin | $79.59 | $9.4B | +7.60% | +45.90% |
| 17 | LINK Chainlink | $11.27 | $8.4B | -14.90% | +25.70% |
| 18 | LEO LEO Token | $9.04 | $8.3B | -3.30% | -1.50% |
| 19 | ADA Cardano | $0.20 | $7.7B | -8.50% | +13.50% |
| 20 | XLM Stellar | $0.18 | $6.2B | -4.80% | +12.90% |
CoinGecko Trending：LSK BTC PUMP PENGU STONK PONS PRL
| 代號 | 資產 | 週成交額 | 較上週 |
|---|---|---|---|
| IBIT | BTC | $6.97B | −$2.88B |
| ETHA | ETH | $3.92B | +$1.44B |
| FBTC | BTC | $732.9M | −$286.9M |
| GBTC | BTC | $383.8M | −$132.6M |
| FETH | ETH | $265.1M | +$77.0M |
| ETHE | ETH | $241.7M | +$46.4M |
| BITB | BTC | $154.5M | −$33.2M |
| ARKB | BTC | $123.7M | −$32.0M |
DefiLlama 鏈上流通，所有掛鉤、美元計價 · 美元掛鉤 $310.2B · 追蹤6幣 $270.2B（86.7%）
歷年鏈上流通（月資料點，DefiLlama）。上圖看總量趨勢，下圖看追蹤幣種結構。
穩定幣總市值
追蹤六幣＋其他（堆疊，單位十億美元）
追蹤六幣（佔全部穩定幣）。WoW / MoM 為週／月變化。
| # | 穩定幣 | 流通 | 市占 | WoW | MoM | 機制 |
|---|---|---|---|---|---|---|
| 1 | USDT Tether | $183.42B | 58.8% | +0.05% | +0.19% | 法幣儲備 |
| 2 | USDC USD Coin | $74.31B | 23.8% | -0.53% | +3.05% | 法幣儲備 |
| 3 | DAI Dai | $4.8B | 1.5% | -0.20% | +0.16% | 加密抵押 |
| 4 | USDe Ethena USDe | $4.59B | 1.5% | +5.62% | +16.12% | 加密抵押 |
| 5 | PYUSD PayPal USD | $2.76B | 0.9% | -5.13% | -0.54% | 法幣儲備 |
| 6 | FDUSD First Digital USD | $0.33B | 0.1% | -1.37% | -6.23% | 法幣儲備 |
Paymentscan · Spend 口徑（實際刷卡／結算，非 top-up）· 25 個方案
交易 11,030,517 筆（Sep 2026 截至抓取日約 $0.49B、4,507,873 筆，月未結算僅供參考）
追蹤 Paymentscan 收錄的約 23 個加密支付卡方案（Spend 口徑，含部分 issuer 自報 offchain）；不含 Coinbase Card、Crypto.com Card 等未納入項目。
追蹤方案月消費額（十億美元；僅完整月，未結算月見上方備註）
| # | 卡方案 | Sep 2026 | 累計 |
|---|---|---|---|
| 1 | RedotPay | $162.30M | $6.34B |
| 2 | EtherFi | $54.13M | $0.85B |
| 3 | KAST | $42.06M | $0.76B |
| 4 | Wirex One | $19.58M | $0.08B |
| 5 | Karta | $19.05M | $0.29B |
| 6 | Kolo | $8.36M | $0.10B |
| 7 | Tria | $6.87M | $0.16B |
| 8 | Gnosis Pay | $3.12M | $0.20B |
數據截至 2026/09/14 09:03（台北）
Circle、Coinbase、Strategy（MSTR）、BitMine 等：交易所／穩定幣／持幣公司／礦企（Yahoo Finance）
| # | 標的 | 價格 | 市值 | 1d | 7d | 30d |
|---|---|---|---|---|---|---|
| 1 | MSTR Strategy（微策略） | $130.97 | — | +1.87% | -9.56% | +38.11% |
| 2 | COIN Coinbase | $175.26 | — | +1.73% | -9.05% | +17.59% |
| 3 | CRCL Circle | $90.60 | — | +0.31% | -12.23% | +27.10% |
| 4 | HOOD Robinhood | $112.57 | — | -0.67% | -9.74% | +18.61% |
| 5 | BMNR BitMine | $25.03 | — | +3.43% | -5.37% | +39.91% |
| 6 | MARA Marathon | $11.98 | — | +4.81% | +3.28% | +24.27% |
| 7 | RIOT Riot | $21.47 | — | +2.48% | +1.56% | +5.66% |
| 8 | CLSK CleanSpark | $13.67 | — | +6.80% | +8.66% | +12.23% |
| 9 | WULF TeraWulf | $16.74 | — | +3.72% | +3.14% | -2.62% |
| 10 | HUT Hut 8 | $98.60 | — | +8.83% | +11.93% | +8.63% |
與現貨幣不同，美股還反映監管、財報、槓桿；不宜直接等價於 BTC 漲跌。
數據截至 2026/09/14 09:03（台北）
ADA＋生態相關專案（有報價才列，如 Midnight／NIGHT）；鏈上 TVL／DEX 為 DefiLlama Cardano；協議為原生 DeFi 前幾名
Curated 重點（Partner chain／主流 DeFi token）；無報價或市值過低者不列。
| 專案 | 角色 | 價格 | 市值 | 1d | 7d | 30d |
|---|---|---|---|---|---|---|
| NIGHT Midnight | Partner chain（隱私） | $0.02 | $332M | -3.84% | -18.10% | +14.80% |
| MIN Minswap | DEX | $0.00 | $6M | -1.66% | -6.40% | +11.00% |
| LQ Liqwid | Lending | $0.25 | $5M | +1.75% | +6.90% | +46.40% |
| INDY Indigo | CDP／穩定幣 | $0.10 | $2M | -1.35% | -9.80% | +15.10% |
Cardano 原生 DeFi（單鏈 TVL、DefiLlama）
| 協議 | 類別 | TVL | 7d |
|---|---|---|---|
| Minswap DEX | Dexs | $14.31M | -7.22% |
| Liqwid | Lending | $9.77M | — |
| Dano Finance | Dexs | $6.18M | -8.48% |
| Djed Stablecoin | Dual-Token Stablecoin | $5.07M | -8.40% |
| Indigo | CDP | $3.91M | -12.41% |
| Splash Protocol | Dexs | $2.85M | -39.46% |
| WingRiders | Dexs | $2.73M | -6.68% |
| FluidTokens | Lending | $2.45M | -12.71% |
本週 RSS 未命中明確 ADA／Cardano 新聞；可對照生態專案、協議 TVL 與論壇治理節奏。
數據截至 2026/09/14 09:03（台北）
涵蓋區間：2026/08/31–2026/09/14（前二週）
| 網路 | 事件 | 時間 | 狀態 | 重點 | 影響 |
|---|---|---|---|---|---|
| Ethereum | Lido V3 & Stakely: Public & Institutional ETH Staking With stVaults | 2026-09-09 | 官方公告 | Product Overview Stakely is a blockchain infrastructure provider that has operated validators since 2020 for users, protocols, and institutions, with infrastructure distributed across Europe. Stakely is launching two pro | official · Liquid Staking |
| Arbitrum | Arbitrum: Banning projects identified in the high-severity Watchdog Program cases - Good Entry | 2026-09-17 | 投票中 | Abstract The following case from the [Watchdog Program](https://alt.gov.arbitrum.foundation/proposal/28485587559812799913134094629469849411398475232393607771326861344548198896843?govId=eip155:42161:0x789fc99093b09ad01 | governance · L1/L2 |
| Ethereum | Lido: Curated Module Committee (CMC) reporting thread | 2026-09-01 | 官方公告 | This is forum thread is created to provide Lido DAO members with the clear information about actions taken by Curated Module Committee (CMC) and future plans. 4 posts - 2 participants Read full topic | official · Liquid Staking |
| Optimism | Maintenance Upgrade Proposal: Unichain ProxyAdmin Owner Transition to Standard Optimism Governance | 2026-09-02 | 官方公告 | Proposal Type: Maintenance Upgrade Proposal Voting Cycle: Off-cycle (Special Voting Cycle, subject to the standard veto period) Executive Summary This proposal transitions the ProxyAdmin Owner of Unichain Mainnet (chain | official · L1/L2 |
| Cardano | Understanding the Dijkstra Era: A Simple Guide to Cardano’s Next Protocol Upgrade | 2026-09-07 | 官方公告 | Cardano is moving toward the Dijkstra era , one of the next major stages in the evolution of the Cardano protocol. For many community members, terms such as Dijkstra, Leios, Node 11.2, DijkstraNet, or Protocol Version 12 | official · L1/L2 |
| Optimism | Optimism: Upgrade 20 - Super Root Dispute Games & OPCM v8.0.0 | 2026-09-09 | 官方公告 | Proposal Type: Protocol Upgrade Hi, I’m Andrea Federici, Senior Solutions Engineer at OP Labs. I prepared this proposal in collaboration with Adrian Sutton, Matt Solomon and Matthew Cruz from the OP Labs team. Neither OP | official · L1/L2 |
| Ethereum | Aave V3: Independent finding: a DeFi Saver admin signer is also one of Aave's own Governance Guardian signers | 2026-09-11 | 官方公告 | Hi all, I’m an independent on-chain researcher (GitHub: s-papy, X: @RealSpap ), not affiliated with Aave Labs, the Aave DAO, or any Aave service provider. Sharing one finding from a broader cross-protocol multisig resear | official · Lending |
| Ethereum | Aave V3: [ARFC] Onboard EURCV to Aave V4 Core Instance on Ethereum | 2026-09-11 | 官方公告 | Summary This proposal seeks to onboard EUR CoinVertible (EURCV) to the Aave V4 Core Instance on Ethereum. Final asset configuration will be determined by the Risk Service Providers. Motivation EURCV is a stablecoin denom | official · Lending |
| Ethereum | [ARFC] Unified Handling of the Isolated Flag in Aave V3.7 E-Modes | 2026-09-11 | 官方公告 | Summary Aave v3.7 introduced a per-E-Mode isolated flag that determines whether collateral outside an E-Mode’s collateral set can back borrows inside it. We recommend a single rule for setting it. An E-Mode should be iso | official · Lending |
| Ethereum | Vitalik Buterin Pushes Ethereum Plan to Slash Quantum-Safe Privacy Costs | 2026-09-10 | 媒體報導 | Buterin wants EIP-8288 in I-star, the upgrade after Hegota, and adopting it would make RISC-V Ethereum's canonical instruction set. | L1/L2 |
橫條為 TVL（十億美元）；顏色依 7 日增減
數據截至 2026/09/14 09:03（台北）
TVL 前十 DeFi 協議（排除 CEX；單位：十億美元）
| 協議 | TVL | 7d | 鏈 |
|---|---|---|---|
| Theo Network thBill RWA | $0.05B | +803177.56% | Monad, Ethereum, Arbitrum |
| Lisk Bridge Canonical Bridge | $0.3B | +770.97% | Ethereum |
| RocketSwap Anubis Dexs | $0.37B | +103.87% | Anubis |
| Avalon Superearn Yield | $0.11B | +73.93% | Ethereum |
| Stargate V2 Cross Chain Bridge | $0.12B | +26.03% | Ethereum, Binance, Arbitrum |
| Uniswap V3 Dexs | $1.88B | +21.50% | Ethereum, Binance, Base |
| Lighter Robinhood Perps Derivatives | $0.08B | +20.69% | Robinhood Chain |
| Reservoir Protocol CDP | $0.07B | +19.82% | Monad, Ethereum, Plasma |
近 7 日成交前十（十億美元）
鏈上 Perp DEX 近 7 日合計約 $164.1B（DefiLlama 衍生品板塊）。TVL 優先取協議本身；若無則合計同一 parent／同名生態（如 Bridge／HLP）；仍無則標「未揭露」。
| 協議 | TVL | TVL 7d | 24h 量 | 7d 量 | 7d 市占 | 量 7d | 鏈 |
|---|---|---|---|---|---|---|---|
| Hyperliquid Perps | $6.89B 專案合計 | -2.45% | $14.22B | $101.21B | 61.7% | -0.54% | Hyperliquid L1 |
| Aster Perps | $819.4M 專案合計 | -0.51% | $2.69B | $17.8B | 10.8% | +6.50% | Off Chain |
| Variational | 未揭露 | — | $1.6B | $11.58B | 7.1% | -8.57% | Arbitrum |
| Lighter Perps | $697.2M 專案合計 | +2.78% | $1.08B | $7.65B | 4.7% | -2.72% | zkLighter, Robinhood Chain |
| edgeX V2 | $67.8M 專案合計 | -2.97% | $0.58B | $4.11B | 2.5% | -3.87% | edgeX L1 |
| Grvt Perps | $41.9M 專案合計 | +6.49% | $0.43B | $3.03B | 1.8% | -3.02% | GRVT |
| Lighter Robinhood Perps | $80.9M | +20.69% | $0.37B | $2.43B | 1.5% | +18.94% | Robinhood Chain |
| Antarctic | $9.3M | -4.17% | $0.32B | $2.3B | 1.4% | -5.33% | Off Chain |
| QFEX | 未揭露 | — | $0.22B | $1.54B | 0.9% | -0.40% | Off Chain |
| Extended Perps | $116.8M | -1.92% | $0.17B | $1.23B | 0.8% | -8.17% | Ethereum, Starknet |
資料來源
查詢時間：2026-09-14 09:03 台北
TradingView Lightweight Charts：滾輪縮放、拖曳平移；價格／RSI／MACD 同一時間軸。資料：Yahoo Finance（BTC／ETH／BNB／SOL／ADA／LINK／HYPE／Lighter 日線）
RSI(14)：相對強弱指標，用近 14 日漲跌幅度衡量超買／超賣。一般 >70 偏超買（動能過熱、留意回檔）、<30 偏超賣（賣壓過重、留意反彈）；中段多為盤整。加密貨幣波動大，區間可當參考而非絕對買賣訊號。
MACD(12,26,9)：指數平滑異同移動平均線。MACD 線＝快線 EMA12−慢線 EMA26，訊號線＝MACD 的 EMA9，柱狀圖＝MACD−訊號。柱由負轉正／MACD 上穿訊號線，常視為動能轉多；反之轉空。與價格背離時更值得留意趨勢轉折。