{"id":44637,"date":"2026-01-10T07:55:31","date_gmt":"2026-01-09T22:55:31","guid":{"rendered":"https:\/\/sipo.tokyo\/?p=44637"},"modified":"2026-01-10T07:59:10","modified_gmt":"2026-01-09T22:59:10","slug":"post-44637","status":"publish","type":"post","link":"https:\/\/sipo.tokyo\/?p=44637","title":{"rendered":"2026\u5e74\u3001\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u6697\u53f7\u8cc7\u7523\u306e\u201c\u672c\u547d\u30a4\u30f3\u30d5\u30e9\u201d\u306b\u306a\u308b\u7406\u7531\u2500\u2500\u2500\u2500Midnight\u304c\u72d9\u3046Rational Privacy\u3068\u306f\uff1a\u30cb\u30e5\u30fc\u30b9\u52d5\u5411 &amp; \u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u72b6\u6cc1 in \u30a8\u30dd\u30c3\u30af605"},"content":{"rendered":"\n<div class=\"dp_toc_container pos-before_first_h allow-toggle\" role=\"navigation\" data-margin=\"30\"><p class=\"toc_title_block\"><span class=\"toc_title icon-list\">INDEX<\/span><span class=\"toc_toggle icon-up-open\" role=\"button\"><\/span><\/p><ul class=\"dp_toc_ul has_title\"><li><a href=\"#2026e5b9b4e38081e38397e383a9e382a4e38390e382b7e383bce3818ce69a97e58fb7e8b387e794a3e381aee69cace591bde382a4e383b3e38395e383a9-1\">2026\u5e74\u3001\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u6697\u53f7\u8cc7\u7523\u306e\u201c\u672c\u547d\u30a4\u30f3\u30d5\u30e9\u201d\u306b\u306a\u308b\u7406\u7531\u2500\u2500\u2500\u2500Midnight\u304c\u72d9\u3046Rational Privacy\u3068\u306f<\/a><ul><li><a href=\"#e5ba8fe7aba0efbc9a2025e5b9b4e38081e5b882e5a0b4e381afe38199e381a7e381abe38397e383a9e382a4e38390e382b7e383bce38292e981b8-2\">\u5e8f\u7ae0\uff1a2025\u5e74\u3001\u5e02\u5834\u306f\u3059\u3067\u306b\u201c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u201d\u3092\u9078\u3073\u59cb\u3081<\/a><ul><li><a href=\"#e381aae3819c2025e5b9b4e381abe38397e383a9e382a4e38390e382b7e383bce381a0e381a3e3819fe381aee3818b-3\">\u306a\u305c2025\u5e74\u306b\u201c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u201d\u3060\u3063\u305f\u306e\u304b<\/a><\/li><li><a href=\"#e5b882e5a0b4e381afe3808ce680a7e883bde3808de38288e3828ae58588e381abe6aca0e38191e381a6e38184e3828be38282e381aee38292e8a68b-4\">\u5e02\u5834\u306f\u300c\u6027\u80fd\u300d\u3088\u308a\u5148\u306b\u201c\u6b20\u3051\u3066\u3044\u308b\u3082\u306e\u201d\u3092\u898b\u3066\u3044\u305f<\/a><\/li><li><a href=\"#2026e5b9b4e381afe3808ce981b8e381b0e3828ce3819fe38397e383a9e382a4e38390e382b7e383bce3808de381a0e38191e3818ce6ae8be3828b-5\">2026\u5e74\u306f\u300c\u9078\u3070\u308c\u305f\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u3060\u3051\u304c\u6b8b\u308b<\/a><\/li><\/ul><\/li><li><a href=\"#e7acac1e7aba0efbc9ae6a99fe996a2e68a95e8b387e5aeb6e69982e4bba3e381aee588b0e69da5e3818ce38182e381b6e3828ae587bae38197e3819fe3808ce38397-6\">\u7b2c1\u7ae0\uff1a\u6a5f\u95a2\u6295\u8cc7\u5bb6\u6642\u4ee3\u306e\u5230\u6765\u304c\u3042\u3076\u308a\u51fa\u3057\u305f\u300c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u4e0d\u8db3\u300d\u3068\u3044\u3046\u6b20\u9665<\/a><ul><li><a href=\"#e6a99fe996a2e58c96e381a8e381afe3808ce8b387e98791e3818ce585a5e3828be3808de38193e381a8e381a7e381afe381aae38184-7\">\u6a5f\u95a2\u5316\u3068\u306f\u300c\u8cc7\u91d1\u304c\u5165\u308b\u300d\u3053\u3068\u3067\u306f\u306a\u3044<\/a><\/li><li><a href=\"#e3808ce9808fe6988ee680a7e3808de381afe38081e98791e89e8de381a7e381afe5bf85e3819ae38197e38282e7be8ee5beb3e381a7e381afe381aae38184-8\">\u300c\u900f\u660e\u6027\u300d\u306f\u3001\u91d1\u878d\u3067\u306f\u5fc5\u305a\u3057\u3082\u7f8e\u5fb3\u3067\u306f\u306a\u3044<\/a><\/li><li><a href=\"#e8a68fe588b6e3818ce980b2e38280e381bbe381a9e38081e38397e383a9e382a4e38390e382b7e383bce381afe3808ce5bf85e9a088e382a4e383b3e38395e383a9-9\">\u898f\u5236\u304c\u9032\u3080\u307b\u3069\u3001\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u300c\u5fc5\u9808\u30a4\u30f3\u30d5\u30e9\u300d\u306b\u306a\u308b<\/a><\/li><li><a href=\"#e6a99fe996a2e68a95e8b387e5aeb6e69982e4bba3e3818ce6b182e38281e3828be381aee381afe3808ce6809de683b3e3808de381a7e381afe381aae3818fe3808c-10\">\u6a5f\u95a2\u6295\u8cc7\u5bb6\u6642\u4ee3\u304c\u6c42\u3081\u308b\u306e\u306f\u300c\u601d\u60f3\u300d\u3067\u306f\u306a\u304f\u300c\u8a2d\u8a08\u300d<\/a><\/li><\/ul><\/li><li><a href=\"#e7acac2e7aba0efbc9ae3808ce5ae8ce585a8e58cbfe5908de3808de381a7e38282e3808ce585a8e99da2e585ace9968be3808de381a7e38282e381aae38184-11\">\u7b2c2\u7ae0\uff1a\u300c\u5b8c\u5168\u533f\u540d\u300d\u3067\u3082\u300c\u5168\u9762\u516c\u958b\u300d\u3067\u3082\u306a\u3044<\/a><ul><li><a href=\"#e3808ce5ae8ce585a8e58cbfe5908de3808de3818ce68ab1e38188e3828be6a78be980a0e79a84e381aae99990e7958c-12\">\u300c\u5b8c\u5168\u533f\u540d\u300d\u304c\u62b1\u3048\u308b\u69cb\u9020\u7684\u306a\u9650\u754c<\/a><\/li><li><a href=\"#e3808ce585a8e99da2e585ace9968be3808de381afe98791e89e8de381abe381a8e381a3e381a6e381afe9818ee589b0e381aae9808fe6988ee680a7-13\">\u300c\u5168\u9762\u516c\u958b\u300d\u306f\u91d1\u878d\u306b\u3068\u3063\u3066\u306f\u904e\u5270\u306a\u900f\u660e\u6027<\/a><\/li><li><a href=\"#rational-privacye381a8e381afe4bd95e3818b-14\">Rational Privacy\u3068\u306f\u4f55\u304b<\/a><\/li><li><a href=\"#e8a68fe588b6e381a8e38397e383a9e382a4e38390e382b7e383bce381afe38081e38282e381afe38284e5afbee7ab8be38197e381aae38184-15\">\u898f\u5236\u3068\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u3001\u3082\u306f\u3084\u5bfe\u7acb\u3057\u306a\u3044<\/a><\/li><li><a href=\"#e38397e383a9e382a4e38390e382b7e383bce381afe3808ce6809de683b3e3808de3818be38289e3808ce8a8ade8a888e8a681e4bbb6e3808de381b8-16\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u300c\u601d\u60f3\u300d\u304b\u3089\u300c\u8a2d\u8a08\u8981\u4ef6\u300d\u3078<\/a><\/li><\/ul><\/li><li><a href=\"#e7acac3e7aba0efbc9amidnighte381a8e381afe4bd95e3818b-17\">\u7b2c3\u7ae0\uff1aMidnight\u3068\u306f\u4f55\u304b<\/a><ul><li><a href=\"#midnighte381afe3808ce38397e383a9e382a4e38390e382b7e383bce789b9e58c96e38381e382a7e383bce383b3e3808de381a7e381afe381aae38184-18\">Midnight\u306f\u300c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u7279\u5316\u30c1\u30a7\u30fc\u30f3\u300d\u3067\u306f\u306a\u3044<\/a><\/li><li><a href=\"#midnighte3818ce8a7a3e38193e38186e381a8e38197e381a6e38184e3828be3808ce4b889e9878de381aee79f9be79bbee3808d-19\">Midnight\u304c\u89e3\u3053\u3046\u3068\u3057\u3066\u3044\u308b\u300c\u4e09\u91cd\u306e\u77db\u76fe\u300d<\/a><\/li><li><a href=\"#selective-disclosuree38292e3808ce5898de68f90e69da1e4bbb6e3808de381abe38197e3819fe8a8ade8a888-20\">Selective Disclosure\u3092\u300c\u524d\u63d0\u6761\u4ef6\u300d\u306b\u3057\u305f\u8a2d\u8a08<\/a><\/li><li><a href=\"#e38388e383bce382afe383b3e8a8ade8a888e381abe38282e8a1a8e3828ce381a6e38184e3828be3808ce78fbee5ae9fe5bf97e59091e3808d-21\">\u30c8\u30fc\u30af\u30f3\u8a2d\u8a08\u306b\u3082\u8868\u308c\u3066\u3044\u308b\u300c\u73fe\u5b9f\u5fd7\u5411\u300d<\/a><\/li><li><a href=\"#e381aae3819ccardanoe381a8e7b584e381bfe59088e3828fe38195e3828be381aee3818b-22\">\u306a\u305cCardano\u3068\u7d44\u307f\u5408\u308f\u3055\u308b\u306e\u304b<\/a><\/li><li><a href=\"#midnighte381afe3808ce6aca1e381aee98083e38192e5a0b4e3808de381a7e381afe381aae3818fe3808ce6aca1e381aee59fbae79ba4e3808d-23\">Midnight\u306f\u300c\u6b21\u306e\u9003\u3052\u5834\u300d\u3067\u306f\u306a\u304f\u300c\u6b21\u306e\u57fa\u76e4\u300d<\/a><\/li><\/ul><\/li><li><a href=\"#e7acac4e7aba0efbc9amidnighte7a8bce5838de5be8ce381abe8a68be38188e381a6e3818fe3828be3808ce69cace5bd93e381aee99c80e8a681e3808d-24\">\u7b2c4\u7ae0\uff1aMidnight\u7a3c\u50cd\u5f8c\u306b\u898b\u3048\u3066\u304f\u308b\u300c\u672c\u5f53\u306e\u9700\u8981\u300d<\/a><ul><li><a href=\"#e38397e383a9e382a4e38390e382b7e383bce4bb98e3818de4ba88e6b8ace5b882e5a0b4efbc9a-25\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u4ed8\u304d\u4e88\u6e2c\u5e02\u5834\uff1a<\/a><\/li><li><a href=\"#e382b9e38386e383bce38396e383abe382b3e382a4e383b3efbc9a-26\">\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\uff1a<\/a><\/li><li><a href=\"#dexefbc9a-27\">DEX\uff1a<\/a><\/li><li><a href=\"#e585b1e9809ae782b9efbc9ae3808ce4bdbfe3828fe3828ce3828be383a6e383bce382b9e382b1e383bce382b9e3808de381bbe381a9e38397e383a9e382a4e38390-28\">\u5171\u901a\u70b9\uff1a\u300c\u4f7f\u308f\u308c\u308b\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u300d\u307b\u3069\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u8981\u308b<\/a><\/li><li><a href=\"#e3808ckpie381a7e6b8ace3828ce3828be38397e383a9e382a4e38390e382b7e383bce3808de381a8e38184e38186e799bae683b3-29\">\u300cKPI\u3067\u6e2c\u308c\u308b\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u3068\u3044\u3046\u767a\u60f3<\/a><\/li><li><a href=\"#midnighte381afe3808ce4bdbfe3828fe3828ce3819fe7b590e69e9ce38081e8a995e4bea1e38195e3828ce3828be3808de38381e382a7e383bce383b3-30\">Midnight\u306f\u300c\u4f7f\u308f\u308c\u305f\u7d50\u679c\u3001\u8a55\u4fa1\u3055\u308c\u308b\u300d\u30c1\u30a7\u30fc\u30f3<\/a><\/li><\/ul><\/li><li><a href=\"#e7acac5e7aba0efbc9amidnighte381afcardanoe382a8e382b3e382b7e382b9e38386e383a0e381abe4bd95e38292e38282e3819fe38289e38199e381aee3818be29480-31\">\u7b2c5\u7ae0\uff1aMidnight\u306fCardano\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306b\u4f55\u3092\u3082\u305f\u3089\u3059\u306e\u304b\u2500\u2500\u300c\u900f\u660e\u6027\u306eL1\u300d\u3068\u300c\u5408\u7406\u7684\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u306e\u5206\u696d\u304c\u751f\u3080\u62e1\u5f35\u6027<\/a><ul><li><a href=\"#cardanoe3818ce5bcb7e38184e9a098e59f9fe38081e5bcb1e3818be381a3e3819fe9a098e59f9f-32\">Cardano\u304c\u5f37\u3044\u9818\u57df\u3001\u5f31\u304b\u3063\u305f\u9818\u57df<\/a><\/li><li><a href=\"#midnighte381afe3808ccardanoe381aee6aca0e782b9e3808de38292e6b688e38199e3819fe38281e381aee38381e382a7e383bce383b3e381a7e381afe381aae38184-33\">Midnight\u306f\u300cCardano\u306e\u6b20\u70b9\u300d\u3092\u6d88\u3059\u305f\u3081\u306e\u30c1\u30a7\u30fc\u30f3\u3067\u306f\u306a\u3044<\/a><\/li><li><a href=\"#spoe381abe381a8e381a3e381a6e381aee6848fe591b3efbc9ae696b0e38197e38184e5bdb9e589b2e381a8e68c81e7b69ae680a7-34\">SPO\u306b\u3068\u3063\u3066\u306e\u610f\u5473\uff1a\u65b0\u3057\u3044\u5f79\u5272\u3068\u6301\u7d9a\u6027<\/a><\/li><li><a href=\"#e9968be799bae88085e381abe381a8e381a3e381a6e381aee5a489e58c96efbc9a-35\">\u958b\u767a\u8005\u306b\u3068\u3063\u3066\u306e\u5909\u5316\uff1a<\/a><\/li><li><a href=\"#catalyste383bbe585ace585b1e383a6e383bce382b9e382b1e383bce382b9e381a8e381aee79bb8e680a7-36\">Catalyst\u30fb\u516c\u5171\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u3068\u306e\u76f8\u6027<\/a><\/li><li><a href=\"#cardanoe381afe3808ce99689e38198e3819fl1e3808de381a7e381afe381aae3818fe3808ce68ba1e5bcb5e58fafe883bde381aae59fbae79ba4e3808de381b8-37\">Cardano\u306f\u300c\u9589\u3058\u305fL1\u300d\u3067\u306f\u306a\u304f\u300c\u62e1\u5f35\u53ef\u80fd\u306a\u57fa\u76e4\u300d\u3078<\/a><\/li><\/ul><\/li><li><a href=\"#e7b582e7aba0efbc9a2026e5b9b4e4bba5e9998de381aee58b9de88085e69da1e4bbb6-38\">\u7d42\u7ae0\uff1a2026\u5e74\u4ee5\u964d\u306e\u52dd\u8005\u6761\u4ef6<\/a><ul><li><a href=\"#2026e5b9b4e381aee69a97e58fb7e8b387e794a3e381afe3808ce981b8e588a5e38395e382a7e383bce382bae3808de381abe585a5e3828b-39\">2026\u5e74\u306e\u6697\u53f7\u8cc7\u7523\u306f\u300c\u9078\u5225\u30d5\u30a7\u30fc\u30ba\u300d\u306b\u5165\u308b<\/a><\/li><li><a href=\"#e38397e383a9e382a4e38390e382b7e383bce381afe3808ce99aa0e3828ce3828be3819fe38281e3808de381a7e381afe381aae3818fe3808ce7b69ae38191e3828b-40\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u300c\u96a0\u308c\u308b\u305f\u3081\u300d\u3067\u306f\u306a\u304f\u300c\u7d9a\u3051\u308b\u305f\u3081\u300d<\/a><\/li><li><a href=\"#e381aae3819c-rational-privacye3818ce69cace591bde381abe381aae3828be381aee3818b-41\">\u306a\u305c&nbsp;Rational Privacy\u304c\u672c\u547d\u306b\u306a\u308b\u306e\u304b<\/a><\/li><li><a href=\"#midnighte381afe3808ce981bfe99ba3e58588e3808de381a7e381afe381aae3818fe3808ce7b5b1e59088e58588e3808d-42\">Midnight\u306f\u300c\u907f\u96e3\u5148\u300d\u3067\u306f\u306a\u304f\u300c\u7d71\u5408\u5148\u300d<\/a><\/li><li><a href=\"#2026e5b9b4e38081e3808ce38397e383a9e382a4e38390e382b7e383bce3818ce38182e3828be3818be3808de381a7e381afe381aae3818fe3808ce381a9e38293-43\">2026\u5e74\u3001\u300c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u3042\u308b\u304b\u300d\u3067\u306f\u306a\u304f\u300c\u3069\u3093\u306a\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304b\u300d\u304c\u554f\u308f\u308c\u308b<\/a><\/li><li><a href=\"#e6aca1e381aee5958fe38184e381b8-44\">\u6b21\u306e\u554f\u3044\u3078<\/a><\/li><\/ul><\/li><\/ul><\/li><li><a href=\"#e3838be383a5e383bce382b9e58b95e59091-in-e382a8e3839de38383e382af605-45\">\u30cb\u30e5\u30fc\u30b9\u52d5\u5411 in \u30a8\u30dd\u30c3\u30af605<\/a><ul><li><a href=\"#2026e5b9b4e383bbe69a97e58fb7e8b387e794a3e5b882e5a0b4e381aee696b0e59cb0e59bb3e29480e29480etfe383bbe8a68fe588b6e383bbe5ae9fe99c80e3818c-46\">2026\u5e74\u30fb\u6697\u53f7\u8cc7\u7523\u5e02\u5834\u306e\u65b0\u5730\u56f3\u2500\u2500ETF\u30fb\u898f\u5236\u30fb\u5b9f\u9700\u304c\u66f8\u304d\u63db\u3048\u308b\u4fa1\u683c\u5f62\u6210<\/a><\/li><li><a href=\"#e7b1b3e8adb0e4bc9ae5868de5a78be58b95e381a8e69a97e58fb7e694bfe7ad96e38081e3819de38197e381a6e3808ce38399e3838de382bae382a8e383a9e5bdb1-47\">\u7c73\u8b70\u4f1a\u518d\u59cb\u52d5\u3068\u6697\u53f7\u653f\u7b56\u3001\u305d\u3057\u3066\u300c\u30d9\u30cd\u30ba\u30a8\u30e9\u5f71\u306e\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u6e96\u5099\u91d1\u300d\u5642\u304c\u5e02\u5834\u3092\u63fa\u3089\u3059<\/a><\/li><li><a href=\"#2026e5b9b4e38081e69a97e58fb7e8b387e794a3e381aee7abb6e4ba89e8bbb8e381afe3808ce680a7e883bde3808de3818be38289e3808ce38397e383a9e382a4-48\">2026\u5e74\u3001\u6697\u53f7\u8cc7\u7523\u306e\u7af6\u4e89\u8ef8\u306f\u300c\u6027\u80fd\u300d\u304b\u3089\u300c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u3078<\/a><\/li><li><a href=\"#e7b1b3e4b88ae999a2e38081e69a97e58fb7e8b387e794a3e3808ce5b882e5a0b4e6a78be980a0e3808de6b395e6a188e3818ce38184e38288e38184e38288e68ea1-49\">\u7c73\u4e0a\u9662\u3001\u6697\u53f7\u8cc7\u7523\u300c\u5e02\u5834\u69cb\u9020\u300d\u6cd5\u6848\u304c\u3044\u3088\u3044\u3088\u63a1\u6c7a\u6bb5\u968e\u3078<\/a><\/li><\/ul><\/li><li><a href=\"#e382a8e3839de38383e382af605e7b582e4ba86e69982e782b9e382b9e38386e383bce382ade383b3e382b0e58b95e59091-50\">\u30a8\u30dd\u30c3\u30af605\u7d42\u4e86\u6642\u70b9\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u52d5\u5411<\/a><ul><li><a href=\"#e382b9e38386e383bce382ade383b3e382b0e58b95e59091-in-e382a8e3839de38383e382af605-51\">\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u52d5\u5411 in \u30a8\u30dd\u30c3\u30af605<\/a><\/li><li><a href=\"#sipoe38081sipo2e38081sipo3e382a8e3839de38383e382af605e382b9e38386e383bce382ade383b3e382b0e5a0b1e5918a-52\">SIPO\u3001SIPO2\u3001SIPO3\u30a8\u30dd\u30c3\u30af605\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u5831\u544a<\/a><\/li><li><a href=\"#sipoe382a8e3839de38383e382af605e382b9e38386e383bce382ade383b3e382b0e5a0b1e5918a-53\">SIPO\u30a8\u30dd\u30c3\u30af605\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u5831\u544a<\/a><\/li><li><a href=\"#sipo2e382a8e3839de38383e382af605e382b9e38386e383bce382ade383b3e382b0e5a0b1e5918a-54\">SIPO2\u30a8\u30dd\u30c3\u30af605\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u5831\u544a<\/a><\/li><li><a href=\"#sipo3e382a8e3839de38383e382af605e382b9e38386e383bce382ade383b3e382b0e5a0b1e5918a-55\">SIPO3\u30a8\u30dd\u30c3\u30af605\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u5831\u544a<\/a><\/li><\/ul><\/div><h3 class=\"wp-block-heading deb-block deb-block-e786e8e\" id=\"2026e5b9b4e38081e38397e383a9e382a4e38390e382b7e383bce3818ce69a97e58fb7e8b387e794a3e381aee69cace591bde382a4e383b3e38395e383a9-1\">2026\u5e74\u3001\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u6697\u53f7\u8cc7\u7523\u306e\u201c\u672c\u547d\u30a4\u30f3\u30d5\u30e9\u201d\u306b\u306a\u308b\u7406\u7531\u2500\u2500\u2500\u2500Midnight\u304c\u72d9\u3046Rational Privacy\u3068\u306f<\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large has-custom-border deb-block deb-block-c7265ed\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"585\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/7-1024x585.png\" alt=\"\" class=\"has-border-color has-aaaaaa-border-color wp-image-44648\" title=\"\u753b\u50cf\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/7-1024x585.png 1024w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/7-300x171.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/7-768x439.png 768w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/7-1536x878.png 1536w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/7-450x257.png 450w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/7-900x514.png 900w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/7.png 1792w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading deb-block deb-block-3f4fd00\" id=\"e5ba8fe7aba0efbc9a2025e5b9b4e38081e5b882e5a0b4e381afe38199e381a7e381abe38397e383a9e382a4e38390e382b7e383bce38292e981b8-2\"><strong>\u5e8f\u7ae0\uff1a2025\u5e74\u3001\u5e02\u5834\u306f\u3059\u3067\u306b\u201c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u201d\u3092\u9078\u3073\u59cb\u3081<\/strong><\/h4>\n\n\n\n<p class=\"deb-block deb-block-03e11e8\">2026\u5e74\u306b\u5411\u3051\u3066\u3001\u6697\u53f7\u8cc7\u7523\u5e02\u5834\u306e\u7af6\u4e89\u8ef8\u304c\u5927\u304d\u304f\u5909\u308f\u308a\u3064\u3064\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-b096507\">\u305d\u306e\u5146\u3057\u306f\u3001\u3059\u3067\u306b2025\u5e74\u306e\u5e02\u5834\u30c7\u30fc\u30bf\u306b\u306f\u3063\u304d\u308a\u3068\u8868\u308c\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter deb-block deb-block-41833e8\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"ja\" dir=\"ltr\">\ud83d\udca1\ud83c\udf102025\u5e74\u3001\u5e02\u5834\u304c\u9078\u3093\u3060\u306e\u306f\u300c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u3068\u300c\u53d6\u5f15\u6240\u300d\u3060\u3063\u305f<br><br>Artemis\u306e\u30bb\u30af\u30bf\u30fc\u30c7\u30fc\u30bf\u304c\u793a\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u304b\u306a\u308a\u660e\u78ba\u306a\u30e1\u30c3\u30bb\u30fc\u30b8\u3060\u3002<br><br>2025\u5e74\u3092\u901a\u3058\u3066\u3001\u307b\u3068\u3093\u3069\u306e\u6697\u53f7\u8cc7\u7523\u30bb\u30af\u30bf\u30fc\u306f\u6642\u4fa1\u7dcf\u984d\u30d9\u30fc\u30b9\u3067\u5927\u304d\u304f\u7e2e\u5c0f\u3057\u305f\u3002\u2026 <a href=\"https:\/\/t.co\/MgEhRuauLn\">https:\/\/t.co\/MgEhRuauLn<\/a><\/p>&mdash; SITION (@SITIONjp) <a href=\"https:\/\/twitter.com\/SITIONjp\/status\/2006142771485368388?ref_src=twsrc%5Etfw\">December 30, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"deb-block deb-block-f8d09a6\">\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u5206\u6790\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306e<a href=\"chatgpt:\/\/generic-entity?number=0\">Artemis<\/a>\u304c\u793a\u3057\u305f\u30bb\u30af\u30bf\u30fc\u5225\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u898b\u308b\u3068\u30012025\u5e74\u306b\u76f8\u5bfe\u7684\u306a\u5f37\u3055\u3092\u898b\u305b\u305f\u306e\u306f\u3001\u300c\u9ad8\u6027\u80fdL1\u300d\u3067\u3082\u300c\u8a71\u984c\u6027\u306e\u9ad8\u3044\u65b0\u30c1\u30a7\u30fc\u30f3\u300d\u3067\u3082\u306a\u304f\u3001<strong>\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u95a2\u9023\u9818\u57df\u3068\u53d6\u5f15\u6240\u95a2\u9023\u30c8\u30fc\u30af\u30f3<\/strong>\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-93399a8\">\u3053\u308c\u306f\u5358\u306a\u308b\u77ed\u671f\u8cc7\u91d1\u306e\u30ed\u30fc\u30c6\u30fc\u30b7\u30e7\u30f3\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-1ada3ff\">\u3080\u3057\u308d\u5e02\u5834\u304c\u3001\u300c\u6b21\u306b\u4f55\u304c\u201c\u5fc5\u8981\u306b\u306a\u308b\u304b\u201d\u300d\u3092\u5148\u56de\u308a\u3057\u3066\u7e54\u308a\u8fbc\u307f\u59cb\u3081\u305f\u7d50\u679c\u3060\u3068\u6349\u3048\u308b\u65b9\u304c\u81ea\u7136\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-4eef6c5\" id=\"e381aae3819c2025e5b9b4e381abe38397e383a9e382a4e38390e382b7e383bce381a0e381a3e3819fe381aee3818b-3\"><strong>\u306a\u305c2025\u5e74\u306b\u201c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u201d\u3060\u3063\u305f\u306e\u304b<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-aa2220e\">2025\u5e74\u306f\u3001\u6697\u53f7\u8cc7\u7523\u304c\u3044\u3088\u3044\u3088<strong>\u5236\u5ea6\u3068\u6b63\u9762\u304b\u3089\u5411\u304d\u5408\u3044\u59cb\u3081\u305f\u5e74<\/strong>\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter deb-block deb-block-ffcd048\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"ja\" dir=\"ltr\">\ud83d\udea8\ud83c\uddfa\ud83c\uddf8\ud83c\udf10\u7c73\u653f\u5e9c\u304c\u6d77\u5916\u6697\u53f7\u8cc7\u7523\u306b\u8ab2\u7a0e\u7db2\u3092\u62e1\u5927\u3078\u2500\u2500CARF\u53c2\u52a0\u3067\u201c\u9003\u3052\u5834\u306a\u3057\u201d\u306e\u4f53\u5236\u306b<br><br>C\u7c73\u653f\u5e9c\u304c\u3001\u6d77\u5916\u306b\u4fdd\u6709\u3059\u308b\u7c73\u56fd\u4eba\u306e\u6697\u53f7\u8cc7\u7523\u30a2\u30ab\u30a6\u30f3\u30c8\u3092\u8ab2\u7a0e\u5bfe\u8c61\u3068\u3057\u3066\u5b8c\u5168\u306b\u628a\u63e1\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u3002<br><br>Coin Bureau \u306e\u5831\u9053\u306b\u3088\u308c\u3070\u3001\u30db\u30ef\u30a4\u30c8\u30cf\u30a6\u30b9\u306f\u65b0\u305f\u306aIRS\u30eb\u30fc\u30eb\u3068CARF\uff08Crypto-Asset Reporting\u2026 <a href=\"https:\/\/t.co\/DtfDwJDWXK\">https:\/\/t.co\/DtfDwJDWXK<\/a><\/p>&mdash; SITION (@SITIONjp) <a href=\"https:\/\/twitter.com\/SITIONjp\/status\/1990551893509324852?ref_src=twsrc%5Etfw\">November 17, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-65f6ce0\">\n<li class=\"\">ETF\u306e\u5b9a\u7740\u3068\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u672c\u683c\u53c2\u5165<\/li>\n\n\n\n<li class=\"\">\u5404\u56fd\u3067\u9032\u3080\u7a0e\u52d9\u5831\u544a\uff08CARF\uff09\u3084AML\/\u30c8\u30e9\u30d9\u30eb\u30eb\u30fc\u30eb\u306e\u5177\u4f53\u5316<\/li>\n\n\n\n<li class=\"\">\u9280\u884c\u30fb\u8a3c\u5238\u30fb\u6c7a\u6e08\u30a4\u30f3\u30d5\u30e9\u3068\u6697\u53f7\u8cc7\u7523\u306e\u63a5\u7d9a\u304c\u73fe\u5b9f\u30d5\u30a7\u30fc\u30ba\u3078\u79fb\u884c<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-3af27df\">\u3053\u308c\u3089\u304c\u540c\u6642\u306b\u9032\u3080\u4e2d\u3067\u3001\u3072\u3068\u3064\u306e\u77db\u76fe\u304c\u6d6e\u304d\u5f6b\u308a\u306b\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-e811d7f\">\u305d\u308c\u304c\u3001\u300c<strong>\u900f\u660e\u3059\u304e\u308b\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u306f\u3001\u91d1\u878d\u30a4\u30f3\u30d5\u30e9\u3068\u3057\u3066\u4f7f\u3044\u3065\u3089\u3044<\/strong>\u300d\u3068\u3044\u3046\u554f\u984c\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-180c00c\">\u3059\u3079\u3066\u306e\u53d6\u5f15\u3001\u6b8b\u9ad8\u3001\u53d6\u5f15\u5148\u3001\u5951\u7d04\u6761\u4ef6\u304c\u5e38\u6642\u516c\u958b\u3055\u308c\u308b\u8a2d\u8a08\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-6149401\">\u500b\u4eba\u306b\u3068\u3063\u3066\u306f\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u30ea\u30b9\u30af\u306b\u306a\u308a\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-b3ed4fd\">\u4f01\u696d\u306b\u3068\u3063\u3066\u306f\u55b6\u696d\u79d8\u5bc6\u30fb\u7af6\u4e89\u6226\u7565\u306e\u6f0f\u6d29\u30ea\u30b9\u30af\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-a3e5803\">\u3064\u307e\u308a\u3001<strong>\u6a5f\u95a2\u5316\u304c\u9032\u3081\u3070\u9032\u3080\u307b\u3069\u3001\u201c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u4e0d\u8db3\u201d\u304c\u69cb\u9020\u7684\u306a\u6b20\u9665\u3068\u3057\u3066\u9732\u5448\u3059\u308b<\/strong>\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter deb-block deb-block-71d470f\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"ja\" dir=\"ltr\">\ud83d\udea8\ud83d\udca1\ud83c\uddef\ud83c\uddf5CARF\u65bd\u884c\u2500\u2500\u5236\u5ea6\u5316\u3055\u308c\u305f\u76e3\u8996\u3068\u5fb4\u7a0e\u3001\u5b98\u50da\u4e3b\u7fa9\u306e\u5b8c\u6210\u5f62<br><br>\u6697\u53f7\u8cc7\u7523\u306e\u56fd\u969b\u7684\u7a0e\u52d9\u5831\u544a\u57fa\u6e96\u300cCARF\uff08\u6697\u53f7\u8cc7\u7523\u7b49\u5831\u544a\u67a0\u7d44\u307f\uff09\u300d\u304c\u30012026\u5e741\u67081\u65e5\u304b\u3089\u65e5\u672c\u3067\u65bd\u884c\u3055\u308c\u305f\u3002<br>\u6697\u53f7\u8cc7\u7523\u53d6\u5f15\u306e\u60c5\u5831\u3092\u5404\u56fd\u306e\u7a0e\u52d9\u5f53\u5c40\u304c\u81ea\u52d5\u5171\u6709\u3059\u308b\u3068\u3044\u3046\u3001\u3044\u308f\u3070\u201c\u56fd\u5883\u3092\u8d8a\u3048\u305f\u628a\u63e1\u3068\u5831\u544a\u201d\u306e\u5236\u5ea6\u3060\u3002\u2026 <a href=\"https:\/\/t.co\/1yIak6Ywrw\">https:\/\/t.co\/1yIak6Ywrw<\/a><\/p>&mdash; SITION (@SITIONjp) <a href=\"https:\/\/twitter.com\/SITIONjp\/status\/2009044608169525408?ref_src=twsrc%5Etfw\">January 7, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-2325c12\" id=\"e5b882e5a0b4e381afe3808ce680a7e883bde3808de38288e3828ae58588e381abe6aca0e38191e381a6e38184e3828be38282e381aee38292e8a68b-4\"><strong>\u5e02\u5834\u306f\u300c\u6027\u80fd\u300d\u3088\u308a\u5148\u306b\u201c\u6b20\u3051\u3066\u3044\u308b\u3082\u306e\u201d\u3092\u898b\u3066\u3044\u305f<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-bab03ea\">\u3053\u3053\u3067\u91cd\u8981\u306a\u306e\u306f\u3001\u5e02\u5834\u306e\u9078\u629e\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-217696a\">2025\u5e74\u6642\u70b9\u3067\u3001L1\u306e\u6027\u80fd\u7af6\u4e89\u306f\u3059\u3067\u306b\u4e00\u5b9a\u306e\u6210\u719f\u6bb5\u968e\u306b\u5165\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-4a75f93\">\u51e6\u7406\u901f\u5ea6\u3001\u624b\u6570\u6599\u3001\u30b9\u30b1\u30fc\u30e9\u30d3\u30ea\u30c6\u30a3\u3068\u3044\u3063\u305f\u8981\u7d20\u306f\u3001\u3082\u306f\u3084\u6c7a\u5b9a\u7684\u306a\u5dee\u5225\u5316\u8981\u56e0\u3067\u306f\u306a\u304f\u306a\u308a\u3064\u3064\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-50c801d\">\u4e00\u65b9\u3067\u3001<strong>\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u3060\u3051\u306f\u4f9d\u7136\u3068\u3057\u3066\u201c\u8db3\u308a\u3066\u3044\u306a\u3044\u201d<\/strong>\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-4c38712\">\u3057\u304b\u3082\u305d\u308c\u306f\u3001\u898f\u5236\u30fb\u5236\u5ea6\u30fb\u5b9f\u9700\u304c\u62e1\u5927\u3059\u308b\u307b\u3069\u6df1\u523b\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-01b9e01\">\u3060\u304b\u3089\u3053\u305d\u5e02\u5834\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-956d785\">\u300c\u6b21\u306e\u6210\u9577\u3092\u5236\u7d04\u3059\u308b\u30dc\u30c8\u30eb\u30cd\u30c3\u30af\u306f\u4f55\u304b\uff1f\u300d<\/p>\n\n\n\n<p class=\"deb-block deb-block-adf0091\">\u3068\u3044\u3046\u554f\u3044\u306b\u5bfe\u3057\u3066\u3001<strong>\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc<\/strong>\u3068\u3044\u3046\u7b54\u3048\u3092\u9078\u3073\u59cb\u3081\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-43b012a\">2025\u5e74\u306f\u3001\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u201c\u601d\u60f3\u201d\u3084\u201c\u7406\u60f3\u201d\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-f9bdb84\"><strong>\u5b9f\u52d9\u30fb\u5236\u5ea6\u30fb\u91d1\u878d\u306e\u6587\u8108\u3067\u5fc5\u8981\u4e0d\u53ef\u6b20\u306a\u8981\u7d20\u306b\u5909\u308f\u3063\u305f\u5e74<\/strong>\u3060\u3063\u305f\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-8e24501\" id=\"2026e5b9b4e381afe3808ce981b8e381b0e3828ce3819fe38397e383a9e382a4e38390e382b7e383bce3808de381a0e38191e3818ce6ae8be3828b-5\"><strong>2026\u5e74\u306f\u300c\u9078\u3070\u308c\u305f\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u3060\u3051\u304c\u6b8b\u308b<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-4f5357d\">\u305f\u3060\u3057\u3001\u3053\u3053\u3067\u8a00\u3046\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-02358b8\">\u3044\u308f\u3086\u308b\u300c\u5b8c\u5168\u533f\u540d\u300d\u3084\u300c\u898f\u5236\u3092\u62d2\u5426\u3059\u308b\u601d\u60f3\u300d\u3068\u306f\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-6cf360f\">2026\u5e74\u306b\u554f\u308f\u308c\u308b\u306e\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-f5f228b\">\n<li class=\"\">\u898f\u5236\u3084\u76e3\u67fb\u3068\u4e21\u7acb\u3067\u304d\u308b\u304b<\/li>\n\n\n\n<li class=\"\">\u4f01\u696d\u30fb\u91d1\u878d\u6a5f\u95a2\u304c\u5b89\u5fc3\u3057\u3066\u4f7f\u3048\u308b\u304b<\/li>\n\n\n\n<li class=\"\">\u5fc5\u8981\u306a\u3068\u304d\u306b\u201c\u8aac\u660e\u3067\u304d\u308b\u201d\u8a2d\u8a08\u306b\u306a\u3063\u3066\u3044\u308b\u304b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-6c0a39d\">\u3068\u3044\u3046\u3001<strong>\u73fe\u5b9f\u7684\u3067\u5408\u7406\u7684\u306a\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-a629f66\">\u3053\u306e\u6587\u8108\u306e\u4e2d\u3067\u3001\u300c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u6700\u5f37\u306e\u5800\u306b\u306a\u308a\u5f97\u308b\u300d\u3068\u540c\u6642\u306b\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-663b035\"><strong>\u8a2d\u8a08\u3092\u8aa4\u3063\u305f\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u5e02\u5834\u304b\u3089\u6dd8\u6c70\u3055\u308c\u308b<\/strong>\u6bb5\u968e\u306b\u5165\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-8961dd7\">\u305d\u3057\u3066\u3001\u307e\u3055\u306b\u3053\u306e\u8ee2\u63db\u70b9\u306b\u767b\u5834\u3059\u308b\u306e\u304c\u3001<strong>Midnight<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-c3ab375\">\u6b21\u7ae0\u3067\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-4ba612b\">\u306a\u305c\u6a5f\u95a2\u6295\u8cc7\u5bb6\u6642\u4ee3\uff1d\u300c\u30a4\u30f3\u30d5\u30e9\u3068\u3057\u3066\u306e\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u304c\u4e0d\u53ef\u907f\u306a\u306e\u304b\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-3fef216\">\u305d\u3057\u3066\u305d\u306e\u8981\u8acb\u306b\u3069\u3046\u5fdc\u3048\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u304b\u3092\u3001\u3088\u308a\u69cb\u9020\u7684\u306b\u898b\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity deb-block deb-block-181e44d\"\/>\n\n\n\n<h4 class=\"wp-block-heading deb-block deb-block-271fef5\" id=\"e7acac1e7aba0efbc9ae6a99fe996a2e68a95e8b387e5aeb6e69982e4bba3e381aee588b0e69da5e3818ce38182e381b6e3828ae587bae38197e3819fe3808ce38397-6\"><strong>\u7b2c1\u7ae0\uff1a\u6a5f\u95a2\u6295\u8cc7\u5bb6\u6642\u4ee3\u306e\u5230\u6765\u304c\u3042\u3076\u308a\u51fa\u3057\u305f\u300c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u4e0d\u8db3\u300d\u3068\u3044\u3046\u6b20\u9665<\/strong><\/h4>\n\n\n\n<p class=\"deb-block deb-block-a7ebd33\">\u2500\u2500Grayscale\u300cDawn of the Institutional Era\u300d\u304c\u793a\u3059\u672c\u8cea<\/p>\n\n\n\n<p class=\"deb-block deb-block-dae3fac\">2026\u5e74\u306b\u5411\u3051\u305f\u6697\u53f7\u8cc7\u7523\u5e02\u5834\u3092\u8aad\u307f\u89e3\u304f\u3046\u3048\u3067\u3001\u3072\u3068\u3064\u306e\u91cd\u8981\u306a\u8996\u70b9\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-2e9887c\">\u305d\u308c\u306f\u3001\u300c<strong>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u53c2\u5165\u306f\u3001\u5fc5\u305a\u3057\u3082\u6697\u53f7\u8cc7\u7523\u306b\u3068\u3063\u3066\u201c\u8ffd\u3044\u98a8\u201d\u3060\u3051\u3067\u306f\u306a\u3044<\/strong>\u300d\u3068\u3044\u3046\u4e8b\u5b9f\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-b6155f3\">\u8cc7\u7523\u904b\u7528\u4f1a\u793e\u306eGrayscale\u304c\u516c\u8868\u3057\u305f<\/p>\n\n\n\n<p class=\"deb-block deb-block-117e7bd\">\u300c<a href=\"https:\/\/research.grayscale.com\/reports\/2026-digital-asset-outlook-dawn-of-the-institutional-era\" data-type=\"link\" data-id=\"https:\/\/research.grayscale.com\/reports\/2026-digital-asset-outlook-dawn-of-the-institutional-era\">2026 Digital Asset Outlook: Dawn of the Institutional Era<\/a>\u300d\u306f\u3001\u305d\u306e\u70b9\u3092\u975e\u5e38\u306b\u7387\u76f4\u306b\u793a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-1bfa209\">\u3053\u306e\u30ec\u30dd\u30fc\u30c8\u304c\u63cf\u3044\u3066\u3044\u308b\u306e\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-bd1f3a3\">\u300c\u6697\u53f7\u8cc7\u7523\u304c\u4e3b\u6d41\u91d1\u878d\u306b\u7d71\u5408\u3055\u308c\u308b\u672a\u6765\u300d\u305d\u306e\u3082\u306e\u3067\u3059\u304c\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-709d50a\">\u540c\u6642\u306b\u3001<strong>\u4eca\u306e\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u8a2d\u8a08\u304c\u62b1\u3048\u308b\u9650\u754c<\/strong>\u3082\u6d6e\u304d\u5f6b\u308a\u306b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-b77940c\" id=\"e6a99fe996a2e58c96e381a8e381afe3808ce8b387e98791e3818ce585a5e3828be3808de38193e381a8e381a7e381afe381aae38184-7\"><strong>\u6a5f\u95a2\u5316\u3068\u306f\u300c\u8cc7\u91d1\u304c\u5165\u308b\u300d\u3053\u3068\u3067\u306f\u306a\u3044<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-7b4c854\">\u4e00\u822c\u306b\u300c\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u53c2\u5165\u300d\u3068\u805e\u304f\u3068\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-4d69036\">\u591a\u304f\u306e\u4eba\u306f\u4fa1\u683c\u4e0a\u6607\u3084\u6d41\u52d5\u6027\u62e1\u5927\u3092\u601d\u3044\u6d6e\u304b\u3079\u304c\u3061\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-a9ed4b2\">\u3057\u304b\u3057Grayscale\u306e\u8996\u70b9\u306f\u3001\u305d\u3053\u306b\u3068\u3069\u307e\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-42e4b6b\">\u6a5f\u95a2\u5316\u3068\u306f\u3001\u5358\u306b\u8cc7\u91d1\u304c\u5165\u308b\u3053\u3068\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-56b7977\">\n<li class=\"\">\u898f\u5236\u9075\u5b88\uff08\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\uff09\u304c\u524d\u63d0\u306b\u306a\u308b<\/li>\n\n\n\n<li class=\"\">\u5185\u90e8\u7d71\u5236\u30fb\u76e3\u67fb\u30fb\u8aac\u660e\u8cac\u4efb\u304c\u6c42\u3081\u3089\u308c\u308b<\/li>\n\n\n\n<li class=\"\">\u4ed6\u306e\u91d1\u878d\u5546\u54c1\u30fb\u30a4\u30f3\u30d5\u30e9\u3068\u201c\u540c\u3058\u571f\u4ff5\u201d\u3067\u6271\u308f\u308c\u308b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-f2764bf\">\u3068\u3044\u3046\u3001<strong>\u91d1\u878d\u30a4\u30f3\u30d5\u30e9\u3068\u3057\u3066\u306e\u9069\u683c\u6027\u304c\u554f\u308f\u308c\u308b\u30d7\u30ed\u30bb\u30b9<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-ebacc82\">\u305d\u3057\u3066\u3053\u306e\u3068\u304d\u3001\u6700\u521d\u306b\u554f\u984c\u306b\u306a\u308b\u306e\u304c<\/p>\n\n\n\n<p class=\"deb-block deb-block-491fffc\">\u300c<strong>\u3059\u3079\u3066\u304c\u516c\u958b\u3055\u308c\u3066\u3044\u308b\u53f0\u5e33<\/strong>\u300d\u3068\u3044\u3046\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u306e\u57fa\u672c\u8a2d\u8a08\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-4f0d59f\" id=\"e3808ce9808fe6988ee680a7e3808de381afe38081e98791e89e8de381a7e381afe5bf85e3819ae38197e38282e7be8ee5beb3e381a7e381afe381aae38184-8\"><strong>\u300c\u900f\u660e\u6027\u300d\u306f\u3001\u91d1\u878d\u3067\u306f\u5fc5\u305a\u3057\u3082\u7f8e\u5fb3\u3067\u306f\u306a\u3044<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-19d4346\">\u30d1\u30d6\u30ea\u30c3\u30af\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u306e\u900f\u660e\u6027\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-9dc996e\">\u3053\u308c\u307e\u3067\u300c\u691c\u8a3c\u53ef\u80fd\u6027\u300d\u300c\u4e0d\u6b63\u8010\u6027\u300d\u3068\u3044\u3046\u6587\u8108\u3067\u8a55\u4fa1\u3055\u308c\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-b234643\">\u3057\u304b\u3057\u3001\u91d1\u878d\u306e\u73fe\u5834\u3067\u306f\u4e8b\u60c5\u304c\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-611d0e2\">\n<li class=\"\">\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u5373\u5ea7\u306b\u53ef\u8996\u5316\u3055\u308c\u308b<\/li>\n\n\n\n<li class=\"\">\u53d6\u5f15\u6226\u7565\u3084\u8cc7\u91d1\u79fb\u52d5\u304c\u7af6\u5408\u306b\u4e38\u898b\u3048\u306b\u306a\u308b<\/li>\n\n\n\n<li class=\"\">\u4f01\u696d\u9593\u53d6\u5f15\u306e\u6761\u4ef6\u3084\u95a2\u4fc2\u6027\u304c\u5916\u90e8\u306b\u9732\u51fa\u3059\u308b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-90d323e\">\u3053\u308c\u306f\u900f\u660e\u6027\u3068\u3044\u3046\u3088\u308a\u3001<strong>\u60c5\u5831\u6f0f\u6d29\u306b\u8fd1\u3044\u72b6\u614b<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-f69940e\">Grayscale\u306e\u30ec\u30dd\u30fc\u30c8\u304c\u6307\u6458\u3059\u308b\u306e\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-97e1214\">\u6697\u53f7\u8cc7\u7523\u304c\u4e3b\u6d41\u91d1\u878d\u306b\u8fd1\u3065\u304f\u307b\u3069\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-fd40dd3\">\u300c<strong>\u900f\u660e\u3059\u304e\u308b\u3053\u3068\u304c\u30ea\u30b9\u30af\u306b\u306a\u308b<\/strong>\u300d\u3068\u3044\u3046\u9006\u8aac\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-fc65532\">\u3064\u307e\u308a\u3001\u6a5f\u95a2\u5316\u306f<\/p>\n\n\n\n<p class=\"deb-block deb-block-15aa4b4\">\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u306b\u201c\u3088\u308a\u9ad8\u3044\u900f\u660e\u6027\u201d\u3092\u6c42\u3081\u308b\u306e\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-b031c1b\"><strong>\u9069\u5207\u306b\u96a0\u3059\u80fd\u529b\uff1d\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u6a5f\u80fd<\/strong>\u3092\u8981\u6c42\u3059\u308b\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-2b14b7c\" id=\"e8a68fe588b6e3818ce980b2e38280e381bbe381a9e38081e38397e383a9e382a4e38390e382b7e383bce381afe3808ce5bf85e9a088e382a4e383b3e38395e383a9-9\"><strong>\u898f\u5236\u304c\u9032\u3080\u307b\u3069\u3001\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u300c\u5fc5\u9808\u30a4\u30f3\u30d5\u30e9\u300d\u306b\u306a\u308b<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-28694b2\">\u3053\u3053\u3067\u91cd\u8981\u306a\u306e\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-d16aabd\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u300c\u898f\u5236\u3078\u306e\u5bfe\u6297\u6982\u5ff5\u300d\u3067\u306f\u306a\u3044\u3001\u3068\u3044\u3046\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-8d80553\">Grayscale\u306f\u3080\u3057\u308d\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-47a04e7\"><strong>\u898f\u5236\u304c\u9032\u3080\u304b\u3089\u3053\u305d\u3001\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u5fc5\u8981\u306b\u306a\u308b<\/strong>\u3068\u6574\u7406\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-51370ea\">\u7a0e\u52d9\u30fbAML\u30fb\u76e3\u67fb\u306e\u4e16\u754c\u3067\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-f304945\">\n<li class=\"\">\u300c\u9055\u6cd5\u3067\u306a\u3044\u3053\u3068\u300d\u3092\u8a3c\u660e\u3067\u304d\u308b<\/li>\n\n\n\n<li class=\"\">\u300c\u6b63\u5f53\u306a\u53d6\u5f15\u3067\u3042\u308b\u300d\u3053\u3068\u3092\u793a\u305b\u308b<\/li>\n\n\n\n<li class=\"\">\u3057\u304b\u3057\u3001\u305d\u308c\u4ee5\u4e0a\u306e\u60c5\u5831\u306f\u958b\u793a\u3057\u306a\u3044<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-347e3dd\">\u3068\u3044\u3046\u8a2d\u8a08\u304c\u7406\u60f3\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-ed831f6\">\u3053\u308c\u3092\u53ef\u80fd\u306b\u3059\u308b\u306e\u304c\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-5c7209a\">\u30bc\u30ed\u77e5\u8b58\u8a3c\u660e\uff08ZK\uff09\u3092\u4e2d\u5fc3\u3068\u3057\u305f<strong>Selective Disclosure\uff08\u9078\u629e\u7684\u958b\u793a\uff09<\/strong>\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-b9c7ac9\">\u3059\u3079\u3066\u3092\u516c\u958b\u3059\u308b\u306e\u3067\u3082\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-b4ad857\">\u3059\u3079\u3066\u3092\u96a0\u3059\u306e\u3067\u3082\u306a\u3044\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-c1d9fd2\"><strong>\u300c\u5fc5\u8981\u306a\u4e8b\u5b9f\u3060\u3051\u3092\u8a3c\u660e\u3059\u308b\u300d<\/strong><\/p>\n\n\n\n<p class=\"deb-block deb-block-86ba80e\">\u3053\u306e\u80fd\u529b\u304c\u30012026\u5e74\u4ee5\u964d\u306e\u6697\u53f7\u8cc7\u7523\u30a4\u30f3\u30d5\u30e9\u306b\u5fc5\u9808\u6761\u4ef6\u3068\u3057\u3066\u6d6e\u4e0a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-a9e185a\" id=\"e6a99fe996a2e68a95e8b387e5aeb6e69982e4bba3e3818ce6b182e38281e3828be381aee381afe3808ce6809de683b3e3808de381a7e381afe381aae3818fe3808c-10\"><strong>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u6642\u4ee3\u304c\u6c42\u3081\u308b\u306e\u306f\u300c\u601d\u60f3\u300d\u3067\u306f\u306a\u304f\u300c\u8a2d\u8a08\u300d<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-f7335ff\">\u3053\u3053\u3067\u3072\u3068\u3064\u3001\u306f\u3063\u304d\u308a\u3057\u3066\u304a\u304d\u305f\u3044\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-428e05d\">2026\u5e74\u306e\u5e02\u5834\u304c\u8a55\u4fa1\u3059\u308b\u306e\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-2227fbb\">\u300c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u3092\u5b88\u308a\u305f\u3044\u300d\u3068\u3044\u3046\u601d\u60f3\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-04e07bb\">\u8a55\u4fa1\u3055\u308c\u308b\u306e\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-2dd0752\">\n<li class=\"\">\u5b9f\u52d9\u3067\u4f7f\u3048\u308b\u304b<\/li>\n\n\n\n<li class=\"\">\u898f\u5236\u5f53\u5c40\u3068\u885d\u7a81\u3057\u306a\u3044\u304b<\/li>\n\n\n\n<li class=\"\">\u91d1\u878d\u5546\u54c1\u3068\u3057\u3066\u6210\u7acb\u3059\u308b\u304b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-80b6d1c\">\u3068\u3044\u3046\u3001<strong>\u6975\u3081\u3066\u73fe\u5b9f\u7684\u306a\u8a2d\u8a08\u80fd\u529b<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-901a84a\">\u3053\u306e\u6761\u4ef6\u3092\u6e80\u305f\u3055\u306a\u3044\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-4de8969\">\u3069\u308c\u3060\u3051\u7406\u5ff5\u7684\u306b\u6b63\u3057\u304f\u3066\u3082\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-6ba92b0\">\u6a5f\u95a2\u6295\u8cc7\u5bb6\u6642\u4ee3\u306e\u4e3b\u5f79\u306b\u306f\u306a\u308c\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-ff090a2\">\u305d\u3057\u3066\u3001\u307e\u3055\u306b\u3053\u306e\u6761\u4ef6\u8a2d\u5b9a\u306e\u3082\u3068\u3067\u6d6e\u304b\u3073\u4e0a\u304c\u3063\u3066\u304f\u308b\u306e\u304c\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-9fee526\"><strong>\u300cRational Privacy\uff08\u5408\u7406\u7684\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\uff09\u300d<\/strong>\u3068\u3044\u3046\u8003\u3048\u65b9\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-b6e4b97\">\u6b21\u7ae0\u3067\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-628bf3a\">\u306a\u305c\u300c\u5b8c\u5168\u533f\u540d\u300d\u3067\u3082\u300c\u5168\u9762\u516c\u958b\u300d\u3067\u3082\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-54f2483\"><strong>\u5408\u7406\u7684\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u3053\u305d\u304c2026\u5e74\u306e\u672c\u547d\u306b\u306a\u308b\u306e\u304b<\/strong>\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-c94e565\">\u305d\u306e\u69cb\u9020\u3092\u3082\u3046\u4e00\u6bb5\u6df1\u304f\u6398\u308a\u4e0b\u3052\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity deb-block deb-block-c412405\"\/>\n\n\n\n<h4 class=\"wp-block-heading deb-block deb-block-172c12e\" id=\"e7acac2e7aba0efbc9ae3808ce5ae8ce585a8e58cbfe5908de3808de381a7e38282e3808ce585a8e99da2e585ace9968be3808de381a7e38282e381aae38184-11\"><strong>\u7b2c2\u7ae0\uff1a\u300c\u5b8c\u5168\u533f\u540d\u300d\u3067\u3082\u300c\u5168\u9762\u516c\u958b\u300d\u3067\u3082\u306a\u3044<\/strong><\/h4>\n\n\n\n<p class=\"deb-block deb-block-3832e16\">\u2500\u25002026\u5e74\u306e\u672c\u547d\u3068\u306a\u308b <em>Rational Privacy<\/em> \u3068\u3044\u3046\u8003\u3048\u65b9<\/p>\n\n\n\n<p class=\"deb-block deb-block-d7b6bd2\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u91cd\u8981\u3060\u3001\u3068\u3044\u3046\u70b9\u306b\u3064\u3044\u3066\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-1cd5611\">\u3082\u306f\u3084\u6697\u53f7\u8cc7\u7523\u696d\u754c\u3067\u7570\u8ad6\u306f\u307b\u3068\u3093\u3069\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-ed68197\">\u305f\u3060\u3057\u30012026\u5e74\u306b\u5411\u3051\u3066\u672c\u5f53\u306b\u554f\u308f\u308c\u3066\u3044\u308b\u306e\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-780d3fe\"><strong>\u300c\u3069\u306e\u30ec\u30d9\u30eb\u306e\u3001\u3069\u306e\u5f62\u306e\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306a\u306e\u304b\u300d<\/strong>\u3068\u3044\u3046\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-df84115\">\u7d50\u8ad6\u304b\u3089\u8a00\u3048\u3070\u3001\u5e02\u5834\u304c\u6c42\u3081\u3066\u3044\u308b\u306e\u306f<\/p>\n\n\n\n<p class=\"deb-block deb-block-436beb6\"><strong>\u5b8c\u5168\u533f\u540d\u3067\u3082\u3001\u5168\u9762\u516c\u958b\u3067\u3082\u306a\u3044<\/strong>\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-137103c\">\u305d\u306e\u4e2d\u9593\u306b\u3042\u308b <em>Rational Privacy\uff08\u5408\u7406\u7684\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\uff09<\/em> \u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-158e565\" id=\"e3808ce5ae8ce585a8e58cbfe5908de3808de3818ce68ab1e38188e3828be6a78be980a0e79a84e381aae99990e7958c-12\"><strong>\u300c\u5b8c\u5168\u533f\u540d\u300d\u304c\u62b1\u3048\u308b\u69cb\u9020\u7684\u306a\u9650\u754c<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-5ebd478\">\u307e\u305a\u3001\u5b8c\u5168\u533f\u540d\u30e2\u30c7\u30eb\u306b\u3064\u3044\u3066\u6574\u7406\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-672929a\">\u5b8c\u5168\u533f\u540d\u578b\u306e\u6697\u53f7\u8cc7\u7523\u3084\u30d7\u30ed\u30c8\u30b3\u30eb\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-be40a67\">\u56fd\u5bb6\u3084\u4f01\u696d\u3001\u76e3\u8996\u30b7\u30b9\u30c6\u30e0\u306b\u5bfe\u6297\u3059\u308b\u601d\u60f3\u3068\u3057\u3066\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-96f1f19\">\u3053\u308c\u307e\u3067\u91cd\u8981\u306a\u5f79\u5272\u3092\u679c\u305f\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-11ec9d9\">\u3057\u304b\u3057\u30012026\u5e74\u306e\u6587\u8108\u3067\u306f\u3001\u3044\u304f\u3064\u304b\u306e\u9650\u754c\u304c\u306f\u3063\u304d\u308a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-21e12b8\">\n<li class=\"\">\u898f\u5236\u5f53\u5c40\u3084\u91d1\u878d\u6a5f\u95a2\u3068\u306e\u63a5\u7d9a\u304c\u6975\u3081\u3066\u96e3\u3057\u3044<\/li>\n\n\n\n<li class=\"\">\u4f01\u696d\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\uff08\u4f1a\u8a08\u30fb\u76e3\u67fb\u30fb\u5185\u90e8\u7d71\u5236\uff09\u3068\u565b\u307f\u5408\u308f\u306a\u3044<\/li>\n\n\n\n<li class=\"\">\u5927\u898f\u6a21\u306a\u8cc7\u672c\u304c\u5165\u308a\u306b\u304f\u3044<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-2faa33d\">\u7d50\u679c\u3068\u3057\u3066\u3001\u5b8c\u5168\u533f\u540d\u306f<\/p>\n\n\n\n<p class=\"deb-block deb-block-bcfb9f9\"><strong>\u300c\u601d\u60f3\u7684\u306b\u306f\u6b63\u3057\u304f\u3066\u3082\u3001\u91d1\u878d\u30a4\u30f3\u30d5\u30e9\u306b\u306f\u306a\u308a\u306b\u304f\u3044\u300d<\/strong><\/p>\n\n\n\n<p class=\"deb-block deb-block-91422b6\">\u3068\u3044\u3046\u8a55\u4fa1\u3092\u53d7\u3051\u3084\u3059\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-6619a63\">\u5e02\u5834\u304c\u6c42\u3081\u3066\u3044\u308b\u306e\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-bf99501\"><strong>\u201c\u8ab0\u306b\u3082\u8aac\u660e\u3067\u304d\u306a\u3044\u81ea\u7531\u201d<\/strong>\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-36ace6a\"><strong>\u201c\u5fc5\u8981\u306a\u76f8\u624b\u306b\u306f\u8aac\u660e\u3067\u304d\u308b\u81ea\u7531\u201d<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-17b5c3b\" id=\"e3808ce585a8e99da2e585ace9968be3808de381afe98791e89e8de381abe381a8e381a3e381a6e381afe9818ee589b0e381aae9808fe6988ee680a7-13\"><strong>\u300c\u5168\u9762\u516c\u958b\u300d\u306f\u91d1\u878d\u306b\u3068\u3063\u3066\u306f\u904e\u5270\u306a\u900f\u660e\u6027<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-4d2514c\">\u4e00\u65b9\u3067\u3001\u73fe\u5728\u4e3b\u6d41\u306e\u30d1\u30d6\u30ea\u30c3\u30af\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-86f9a44\">\u53d6\u5f15\u5c65\u6b74\u3084\u6b8b\u9ad8\u304c\u539f\u5247\u3059\u3079\u3066\u516c\u958b\u3055\u308c\u308b\u8a2d\u8a08\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-3a9debd\">\u3053\u308c\u306f\u691c\u8a3c\u6027\u3068\u3044\u3046\u70b9\u3067\u306f\u975e\u5e38\u306b\u512a\u308c\u3066\u3044\u307e\u3059\u304c\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-77cd096\">\u91d1\u878d\u30fb\u5546\u53d6\u5f15\u306e\u8996\u70b9\u3067\u306f\u3001\u6b21\u306e\u3088\u3046\u306a\u554f\u984c\u304c\u51fa\u3066\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-8c2b94d\">\n<li class=\"\">\u4f01\u696d\u306e\u8cc7\u91d1\u7e70\u308a\u3084\u53d6\u5f15\u95a2\u4fc2\u304c\u5916\u90e8\u306b\u53ef\u8996\u5316\u3055\u308c\u308b<\/li>\n\n\n\n<li class=\"\">\u6295\u8cc7\u6226\u7565\u3084\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u5373\u5ea7\u306b\u8ffd\u8de1\u3055\u308c\u308b<\/li>\n\n\n\n<li class=\"\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u4fb5\u5bb3\u304c\u69cb\u9020\u7684\u306b\u767a\u751f\u3059\u308b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-551930a\">\u3064\u307e\u308a\u3001<strong>\u900f\u660e\u6027\u304c\u201c\u904e\u5270\u4f9b\u7d66\u201d\u306e\u72b6\u614b<\/strong>\u306b\u3042\u308b\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-63bcb91\">2026\u5e74\u306b\u6697\u53f7\u8cc7\u7523\u304c\u672c\u683c\u7684\u306b\u91d1\u878d\u30a4\u30f3\u30d5\u30e9\u3078\u7d71\u5408\u3055\u308c\u308b\u306a\u3089\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-786311f\">\u3053\u306e\u8a2d\u8a08\u306f\u5fc5\u305a\u898b\u76f4\u3057\u3092\u8feb\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-fc92fc5\" id=\"rational-privacye381a8e381afe4bd95e3818b-14\"><strong>Rational Privacy\u3068\u306f\u4f55\u304b<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-79d5737\">\u3053\u3053\u3067\u767b\u5834\u3059\u308b\u306e\u304c\u3001<em>Rational Privacy\uff08\u5408\u7406\u7684\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\uff09<\/em><\/p>\n\n\n\n<p class=\"deb-block deb-block-b3b5319\">\u3068\u3044\u3046\u8003\u3048\u65b9\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-3ad945a\">\u3053\u308c\u306f\u975e\u5e38\u306b\u30b7\u30f3\u30d7\u30eb\u3067\u3001\u6b21\u306e\u539f\u5247\u306b\u57fa\u3065\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-3e6b839\">\n<li class=\"\">\u96a0\u3059\u3079\u304d\u60c5\u5831\u306f\u3001\u30c7\u30d5\u30a9\u30eb\u30c8\u3067\u96a0\u3059<\/li>\n\n\n\n<li class=\"\">\u3057\u304b\u3057\u3001<strong>\u5408\u6cd5\u6027\u30fb\u6b63\u5f53\u6027\u30fb\u9075\u5b88\u6027<\/strong>\u306f\u8a3c\u660e\u3067\u304d\u308b<\/li>\n\n\n\n<li class=\"\">\u8a3c\u660e\u306f\u300c\u4e8b\u5b9f\u300d\u3060\u3051\u306b\u9650\u5b9a\u3057\u3001\u4f59\u8a08\u306a\u60c5\u5831\u306f\u958b\u793a\u3057\u306a\u3044<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-151a32a\">\u3064\u307e\u308a\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-00fe449\"><strong>\u300c\u4fe1\u983c\u306b\u5fc5\u8981\u306a\u60c5\u5831\u3060\u3051\u3092\u3001\u6570\u5b66\u7684\u306b\u793a\u3059\u300d<\/strong><\/p>\n\n\n\n<p class=\"deb-block deb-block-6b7b0b6\">\u3068\u3044\u3046\u8a2d\u8a08\u601d\u60f3\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-7dbff73\">\u3053\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u306e\u4e2d\u6838\u306b\u3042\u308b\u306e\u304c\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-81d3f89\">\u30bc\u30ed\u77e5\u8b58\u8a3c\u660e\uff08Zero-Knowledge Proof\uff09\u3092\u7528\u3044\u305f<\/p>\n\n\n\n<p class=\"deb-block deb-block-ae44972\"><strong>Selective Disclosure\uff08\u9078\u629e\u7684\u958b\u793a\uff09<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-66afcb1\" id=\"e8a68fe588b6e381a8e38397e383a9e382a4e38390e382b7e383bce381afe38081e38282e381afe38284e5afbee7ab8be38197e381aae38184-15\"><strong>\u898f\u5236\u3068\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u3001\u3082\u306f\u3084\u5bfe\u7acb\u3057\u306a\u3044<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-6fc7936\">\u3053\u3053\u304c\u975e\u5e38\u306b\u91cd\u8981\u306a\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-631b525\">Rational Privacy\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-ff247d2\">\u300c\u898f\u5236\u304b\u3089\u9003\u3052\u308b\u305f\u3081\u306e\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-dd0560a\">\u3080\u3057\u308d\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-acdc5e8\">\n<li class=\"\">\u7a0e\u52d9\u3084AML\u306e\u8981\u4ef6\u306b<strong>\u5fc5\u8981\u5341\u5206\u306a\u8a3c\u660e<\/strong>\u3092\u63d0\u4f9b\u3057<\/li>\n\n\n\n<li class=\"\">\u305d\u308c\u4ee5\u4e0a\u306e\u500b\u4eba\u60c5\u5831\u3084\u53d6\u5f15\u5185\u5bb9\u306f\u5b88\u308b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-b23ae5d\">\u3068\u3044\u3046\u610f\u5473\u3067\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-cb1afc0\"><strong>\u898f\u5236\u3068\u5171\u5b58\u3059\u308b\u305f\u3081\u306e\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc<\/strong>\u3060\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-53103ee\">\u3053\u308c\u306b\u3088\u308a\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-540471d\">\n<li class=\"\">\u898f\u5236\u5f53\u5c40\u306f\u300c\u30eb\u30fc\u30eb\u304c\u5b88\u3089\u308c\u3066\u3044\u308b\u300d\u3053\u3068\u3092\u78ba\u8a8d\u3067\u304d<\/li>\n\n\n\n<li class=\"\">\u30e6\u30fc\u30b6\u30fc\u3084\u4f01\u696d\u306f\u300c\u904e\u5270\u306a\u76e3\u8996\u300d\u3092\u907f\u3051\u3089\u308c\u308b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-d3d9fdc\">\u3068\u3044\u3046\u3001\u3053\u308c\u307e\u3067\u4e21\u7acb\u304c\u96e3\u3057\u304b\u3063\u305f\u30d0\u30e9\u30f3\u30b9\u304c\u6210\u7acb\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-0329708\">2026\u5e74\u4ee5\u964d\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-e26454f\">\u91d1\u878d\u30fb\u56fd\u5bb6\u30fb\u4f01\u696d\u304c\u6697\u53f7\u8cc7\u7523\u3068\u672c\u683c\u7684\u306b\u5411\u304d\u5408\u3046\u4e2d\u3067\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-b5a6b14\">\u3053\u306e\u8a2d\u8a08\u601d\u60f3\u306f\u907f\u3051\u3066\u901a\u308c\u306a\u3044\u3082\u306e\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-f76823c\" id=\"e38397e383a9e382a4e38390e382b7e383bce381afe3808ce6809de683b3e3808de3818be38289e3808ce8a8ade8a888e8a681e4bbb6e3808de381b8-16\"><strong>\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u300c\u601d\u60f3\u300d\u304b\u3089\u300c\u8a2d\u8a08\u8981\u4ef6\u300d\u3078<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-424c33d\">\u3053\u3053\u307e\u3067\u6765\u308b\u3068\u3001\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306e\u4f4d\u7f6e\u3065\u3051\u306f\u660e\u78ba\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-4effb3d\">\u305d\u308c\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-095cbce\">\u81ea\u7531\u3084\u62b5\u6297\u306e\u8c61\u5fb4\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-8c1b59c\"><strong>\u91d1\u878d\u30a4\u30f3\u30d5\u30e9\u3068\u3057\u3066\u6210\u7acb\u3059\u308b\u305f\u3081\u306e\u8a2d\u8a08\u8981\u4ef6<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-4c722b4\">\n<li class=\"\">\u4f7f\u3048\u308b\u304b<\/li>\n\n\n\n<li class=\"\">\u8aac\u660e\u3067\u304d\u308b\u304b<\/li>\n\n\n\n<li class=\"\">\u9577\u671f\u7684\u306b\u5236\u5ea6\u3068\u5171\u5b58\u3067\u304d\u308b\u304b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-fc3a991\">\u3053\u306e\u554f\u3044\u306b\u300c\u306f\u3044\u300d\u3068\u7b54\u3048\u3089\u308c\u308b\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u3060\u3051\u304c\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-b783efd\">2026\u5e74\u4ee5\u964d\u306e\u6697\u53f7\u8cc7\u7523\u5e02\u5834\u3067\u751f\u304d\u6b8b\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-17c08d9\">\u305d\u3057\u3066\u3001\u3053\u306e <em>Rational Privacy<\/em> \u3092<\/p>\n\n\n\n<p class=\"deb-block deb-block-aa5c584\"><strong>\u6700\u521d\u304b\u3089\u4e2d\u6838\u601d\u60f3\u3068\u3057\u3066\u8a2d\u8a08\u306b\u7d44\u307f\u8fbc\u3093\u3067\u3044\u308b\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3<\/strong>\u304c\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-ba74b2e\">\u6b21\u7ae0\u3067\u53d6\u308a\u4e0a\u3052\u308b <strong>Midnight<\/strong> \u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-7a80d21\">\u6b21\u7ae0\u3067\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-ca9e451\">Midnight\u304c\u3069\u306e\u3088\u3046\u306b\u3057\u3066<\/p>\n\n\n\n<p class=\"deb-block deb-block-5df64ec\">\u300c\u898f\u5236\u5bfe\u5fdc \u00d7 \u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u3068\u3044\u3046\u96e3\u984c\u306b\u6b63\u9762\u304b\u3089\u53d6\u308a\u7d44\u307f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-d1868ed\">\u306a\u305c\u305d\u308c\u304cCardano\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u3068\u3082\u6df1\u304f\u7d50\u3073\u3064\u304f\u306e\u304b\u3092\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-f8416af\">\u5177\u4f53\u7684\u306b\u898b\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity deb-block deb-block-579f97a\"\/>\n\n\n\n<h4 class=\"wp-block-heading deb-block deb-block-df1f037\" id=\"e7acac3e7aba0efbc9amidnighte381a8e381afe4bd95e3818b-17\"><strong>\u7b2c3\u7ae0\uff1aMidnight\u3068\u306f\u4f55\u304b<\/strong><\/h4>\n\n\n\n<p class=\"deb-block deb-block-817b725\">\u2500\u2500\u300c\u898f\u5236\u5bfe\u5fdc \u00d7 \u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u3092\u6700\u521d\u304b\u3089\u4e21\u7acb\u3055\u305b\u308b\u3068\u3044\u3046\u8a2d\u8a08\u601d\u60f3<\/p>\n\n\n\n<p class=\"deb-block deb-block-cc354a2\">\u3053\u3053\u307e\u3067\u3067\u898b\u3066\u304d\u305f\u3088\u3046\u306b\u30012026\u5e74\u306e\u6697\u53f7\u8cc7\u7523\u5e02\u5834\u304c\u6c42\u3081\u3066\u3044\u308b\u306e\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-433bf81\">\u300c\u96a0\u3059\u304b\u3001\u898b\u305b\u308b\u304b\u300d\u3068\u3044\u3046\u4e8c\u629e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-e13db52\"><strong>\u96a0\u3059\u3079\u304d\u3082\u306e\u306f\u5b88\u308a\u306a\u304c\u3089\u3001<\/strong><\/p>\n\n\n\n<p class=\"deb-block deb-block-adbd8ef\"><strong>\u5fc5\u8981\u306a\u3068\u304d\u306b\u306f\u201c\u6b63\u3057\u3044\u3053\u3068\u201d\u3092\u8a3c\u660e\u3067\u304d\u308b\u3002<\/strong><\/p>\n\n\n\n<p class=\"deb-block deb-block-9912b47\">\u3053\u306e <em>Rational Privacy<\/em> \u3092\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-1f09633\">\u601d\u60f3\u3084\u5f8c\u4ed8\u3051\u6a5f\u80fd\u3067\u306f\u306a\u304f\u3001<strong>\u6700\u521d\u304b\u3089\u8a2d\u8a08\u306e\u4e2d\u6838\u306b\u636e\u3048\u3066\u3044\u308b<\/strong>\u306e\u304c<\/p>\n\n\n\n<p class=\"deb-block deb-block-e5f335b\">Midnight\u3068\u3044\u3046\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-8506a23\" id=\"midnighte381afe3808ce38397e383a9e382a4e38390e382b7e383bce789b9e58c96e38381e382a7e383bce383b3e3808de381a7e381afe381aae38184-18\"><strong>Midnight\u306f\u300c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u7279\u5316\u30c1\u30a7\u30fc\u30f3\u300d\u3067\u306f\u306a\u3044<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-98e3109\">\u307e\u305a\u8aa4\u89e3\u3055\u308c\u3084\u3059\u3044\u70b9\u304b\u3089\u6574\u7406\u3057\u3066\u304a\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-aeca998\">Midnight\u306f\u3001\u3044\u308f\u3086\u308b<\/p>\n\n\n\n<p class=\"deb-block deb-block-27b6717\">\u300c\u533f\u540d\u6027\u3092\u6700\u5927\u5316\u3059\u308b\u305f\u3081\u306e\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u30c1\u30a7\u30fc\u30f3\u300d\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-8e58af3\">\u76ee\u6307\u3057\u3066\u3044\u308b\u306e\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-d088aff\">\n<li class=\"\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u3092<strong>\u30c7\u30d5\u30a9\u30eb\u30c8\u3067\u5b88\u308b<\/strong><\/li>\n\n\n\n<li class=\"\">\u3057\u304b\u3057\u3001<strong>\u5408\u6cd5\u6027\u30fb\u9075\u5b88\u6027\u30fb\u6b63\u5f53\u6027\u306f\u8a3c\u660e\u3067\u304d\u308b<\/strong><\/li>\n\n\n\n<li class=\"\">\u305d\u308c\u3092<strong>\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u30ec\u30d9\u30eb\u3067\u67d4\u8edf\u306b\u8a2d\u8a08\u3067\u304d\u308b<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-b562eb9\">\u3068\u3044\u3046\u3001<strong>\u5b9f\u52d9\u3068\u5236\u5ea6\u3092\u524d\u63d0\u306b\u3057\u305f\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u57fa\u76e4<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-eaf0c9e\">\u3064\u307e\u308a\u3001Midnight\u306f<\/p>\n\n\n\n<p class=\"deb-block deb-block-4bc76e0\">\u300c\u96a0\u308c\u308b\u305f\u3081\u306e\u30c1\u30a7\u30fc\u30f3\u300d\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-1cc093a\"><strong>\u201c\u5b89\u5fc3\u3057\u3066\u4f7f\u3048\u308b\u305f\u3081\u306e\u30c1\u30a7\u30fc\u30f3\u201d<\/strong>\u3068\u3057\u3066\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-09dfe57\" id=\"midnighte3818ce8a7a3e38193e38186e381a8e38197e381a6e38184e3828be3808ce4b889e9878de381aee79f9be79bbee3808d-19\"><strong>Midnight\u304c\u89e3\u3053\u3046\u3068\u3057\u3066\u3044\u308b\u300c\u4e09\u91cd\u306e\u77db\u76fe\u300d<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-efced2e\">Midnight\u306e\u7acb\u3061\u4f4d\u7f6e\u3092\u7406\u89e3\u3059\u308b\u3046\u3048\u3067\u91cd\u8981\u306a\u306e\u304c\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-d956a9e\">\u5f93\u6765\u306e\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u304c\u62b1\u3048\u3066\u304d\u305f\u3001\u6b21\u306e\u201c\u4e09\u91cd\u306e\u77db\u76fe\u201d\u3067\u3059\u3002<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-a8178f5\">\n<li class=\"\"><strong>\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u3092\u5f37\u304f\u3059\u308b\u3068\u3001\u898f\u5236\u5bfe\u5fdc\u304c\u96e3\u3057\u304f\u306a\u308b<\/strong><\/li>\n\n\n\n<li class=\"\"><strong>\u898f\u5236\u5bfe\u5fdc\u3092\u91cd\u8996\u3059\u308b\u3068\u3001\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u5931\u308f\u308c\u308b<\/strong><\/li>\n\n\n\n<li class=\"\"><strong>\u3069\u3061\u3089\u304b\u3092\u9078\u3076\u3068\u3001\u5b9f\u7528\u7684\u306a\u30a2\u30d7\u30ea\u304c\u4f5c\u308a\u306b\u304f\u3044<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"deb-block deb-block-2f639d1\">\u591a\u304f\u306e\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-0fb3cc5\">\u3053\u306e\u3069\u308c\u304b\u3092\u72a0\u7272\u306b\u3057\u3066\u6210\u308a\u7acb\u3063\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-d35f972\">Midnight\u306f\u3001\u3053\u306e\u30c8\u30ec\u30fc\u30c9\u30aa\u30d5\u3092\u524d\u63d0\u306b\u305b\u305a\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-cf2725e\"><strong>ZK\uff08\u30bc\u30ed\u77e5\u8b58\u8a3c\u660e\uff09\u3092\u4f7f\u3063\u3066\u69cb\u9020\u305d\u306e\u3082\u306e\u3092\u4f5c\u308a\u66ff\u3048\u308b<\/strong><\/p>\n\n\n\n<p class=\"deb-block deb-block-40d1856\">\u3068\u3044\u3046\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u53d6\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-80f6fb3\" id=\"selective-disclosuree38292e3808ce5898de68f90e69da1e4bbb6e3808de381abe38197e3819fe8a8ade8a888-20\"><strong>Selective Disclosure\u3092\u300c\u524d\u63d0\u6761\u4ef6\u300d\u306b\u3057\u305f\u8a2d\u8a08<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-baef04a\">Midnight\u3067\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-e39aa1d\">Selective Disclosure\uff08\u9078\u629e\u7684\u958b\u793a\uff09\u304c<\/p>\n\n\n\n<p class=\"deb-block deb-block-07eb9dc\">\u300c\u5f8c\u304b\u3089\u4f7f\u3048\u308b\u30aa\u30d7\u30b7\u30e7\u30f3\u300d\u3067\u306f\u306a\u304f\u3001<strong>\u57fa\u672c\u52d5\u4f5c<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-99d7c41\">\u5177\u4f53\u7684\u306b\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-db4571e\">\n<li class=\"\">\u53d6\u5f15\u3084\u5951\u7d04\u306e\u8a73\u7d30\u306f\u975e\u516c\u958b<\/li>\n\n\n\n<li class=\"\">\u305f\u3060\u3057\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-03c2a9a\">\n<li class=\"\">\u4e0d\u6b63\u3067\u306a\u3044\u3053\u3068<\/li>\n\n\n\n<li class=\"\">\u6761\u4ef6\u3092\u6e80\u305f\u3057\u3066\u3044\u308b\u3053\u3068<\/li>\n\n\n\n<li class=\"\">\u898f\u5236\u8981\u4ef6\u3092\u30af\u30ea\u30a2\u3057\u3066\u3044\u308b\u3053\u3068<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-1e6a839\">\u3068\u3044\u3063\u305f<strong>\u4e8b\u5b9f\u3060\u3051\u3092\u3001\u6570\u5b66\u7684\u306b\u8a3c\u660e<\/strong>\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-cf6c4d2\">\u3053\u308c\u306b\u3088\u308a\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-58afb24\">\n<li class=\"\">\u898f\u5236\u5f53\u5c40\u3084\u76e3\u67fb\u4eba\u306f\u300c\u30eb\u30fc\u30eb\u304c\u5b88\u3089\u308c\u3066\u3044\u308b\u300d\u3053\u3068\u3092\u78ba\u8a8d\u3067\u304d<\/li>\n\n\n\n<li class=\"\">\u30e6\u30fc\u30b6\u30fc\u3084\u4f01\u696d\u306f\u300c\u4f59\u8a08\u306a\u60c5\u5831\u3092\u6652\u3055\u305a\u306b\u6e08\u3080\u300d<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-aeac582\">\u3068\u3044\u3046\u3001\u3053\u308c\u307e\u3067\u4e21\u7acb\u304c\u96e3\u3057\u304b\u3063\u305f\u95a2\u4fc2\u304c\u6210\u7acb\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-cec114c\">\u3053\u3053\u304c\u3001Midnight\u304c\u63b2\u3052\u308b <em>Rational Privacy<\/em> \u306e\u6838\u5fc3\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-8c99372\" id=\"e38388e383bce382afe383b3e8a8ade8a888e381abe38282e8a1a8e3828ce381a6e38184e3828be3808ce78fbee5ae9fe5bf97e59091e3808d-21\"><strong>\u30c8\u30fc\u30af\u30f3\u8a2d\u8a08\u306b\u3082\u8868\u308c\u3066\u3044\u308b\u300c\u73fe\u5b9f\u5fd7\u5411\u300d<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-3c1e020\">Midnight\u306e\u601d\u60f3\u306f\u3001\u30c8\u30fc\u30af\u30f3\u8a2d\u8a08\u306b\u3082\u53cd\u6620\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-d18432e\">Midnight\u3067\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-7e33b8a\">\n<li class=\"\"><strong>NIGHT<\/strong>\uff1a\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3092\u652f\u3048\u308b\u57fa\u76e4\u30c8\u30fc\u30af\u30f3<\/li>\n\n\n\n<li class=\"\"><strong>DUST<\/strong>\uff1a\u5b9f\u969b\u306e\u30c8\u30e9\u30f3\u30b6\u30af\u30b7\u30e7\u30f3\u5b9f\u884c\u306b\u4f7f\u308f\u308c\u308b\u30ea\u30bd\u30fc\u30b9<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-2cb5489\">\u3068\u3044\u3046\u4e8c\u5c64\u69cb\u9020\u304c\u63a1\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-ae20bab\">\u91cd\u8981\u306a\u306e\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-2263221\"><strong>NIGHT\u81ea\u4f53\u306f\u201c\u5b8c\u5168\u533f\u540d\u30c8\u30fc\u30af\u30f3\u201d\u3068\u3057\u3066\u8a2d\u8a08\u3055\u308c\u3066\u3044\u306a\u3044<\/strong>\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-5b10634\">\u3053\u308c\u306b\u3088\u308a\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-458dba2\">\n<li class=\"\">\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u53c2\u52a0\u3084\u30ac\u30d0\u30ca\u30f3\u30b9\u306f\u516c\u958b\u6027\u3092\u4fdd\u3061\u3064\u3064<\/li>\n\n\n\n<li class=\"\">\u5b9f\u969b\u306e\u53d6\u5f15\u30fb\u5951\u7d04\u30fb\u30c7\u30fc\u30bf\u51e6\u7406\u306f\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u4e0b\u3067\u884c\u3046<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-f9dd467\">\u3068\u3044\u3046\u5f79\u5272\u5206\u62c5\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-97ab2a3\">\u3053\u3053\u306b\u3082\u3001\u300c\u3059\u3079\u3066\u3092\u96a0\u3055\u306a\u3044\u300d\u3068\u3044\u3046<\/p>\n\n\n\n<p class=\"deb-block deb-block-a60ef88\">Midnight\u306e\u73fe\u5b9f\u7684\u306a\u59ff\u52e2\u304c\u306f\u3063\u304d\u308a\u3068\u8868\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-d738d8a\" id=\"e381aae3819ccardanoe381a8e7b584e381bfe59088e3828fe38195e3828be381aee3818b-22\"><strong>\u306a\u305cCardano\u3068\u7d44\u307f\u5408\u308f\u3055\u308b\u306e\u304b<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-a6d5854\">Midnight\u306f\u3001\u5358\u72ec\u3067\u5b8c\u7d50\u3059\u308b\u4e16\u754c\u3092\u4f5c\u308d\u3046\u3068\u3057\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-f0f4232\">\u3080\u3057\u308d\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-bbd6dff\">\n<li class=\"\"><strong>\u900f\u660e\u6027\u3068\u691c\u8a3c\u6027\u3092\u5f37\u307f\u3068\u3059\u308bCardano<\/strong><\/li>\n\n\n\n<li class=\"\"><strong>\u5408\u7406\u7684\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u3092\u63d0\u4f9b\u3059\u308bMidnight<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-71e8534\">\u3068\u3044\u3046\u5f62\u3067\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-c64f175\"><strong>\u5f79\u5272\u3092\u5206\u3051\u305f\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u62e1\u5f35<\/strong>\u3092\u524d\u63d0\u306b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-a403dbd\">\u900f\u660e\u6027\u304c\u6c42\u3081\u3089\u308c\u308b\u9818\u57df\u306fCardano\u3067\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-6eb6bc0\">\u79d8\u533f\u6027\u3068\u9078\u629e\u7684\u958b\u793a\u304c\u5fc5\u8981\u306a\u9818\u57df\u306fMidnight\u3067\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-a468de9\">\u3053\u306e\u5206\u696d\u306b\u3088\u3063\u3066\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-81806ac\">\u300c\u5168\u90e8\u516c\u958b\u300d\u304b\u300c\u5168\u90e8\u975e\u516c\u958b\u300d\u304b\u3001\u3068\u3044\u3046\u6975\u7aef\u306a\u9078\u629e\u3092\u305b\u305a\u306b\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-524abfb\">\u73fe\u5b9f\u306e\u91d1\u878d\u30fb\u516c\u5171\u30fb\u4f01\u696d\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u306b\u5bfe\u5fdc\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-d7f1f65\" id=\"midnighte381afe3808ce6aca1e381aee98083e38192e5a0b4e3808de381a7e381afe381aae3818fe3808ce6aca1e381aee59fbae79ba4e3808d-23\"><strong>Midnight\u306f\u300c\u6b21\u306e\u9003\u3052\u5834\u300d\u3067\u306f\u306a\u304f\u300c\u6b21\u306e\u57fa\u76e4\u300d<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-b273117\">\u3053\u3053\u307e\u3067\u898b\u3066\u304d\u305f\u3088\u3046\u306b\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-0836fd3\">Midnight\u306f\u898f\u5236\u304b\u3089\u9003\u3052\u308b\u305f\u3081\u306e\u5834\u6240\u3067\u3082\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-2b27470\">\u65e2\u5b58\u91d1\u878d\u306b\u53cd\u767a\u3059\u308b\u305f\u3081\u306e\u30c1\u30a7\u30fc\u30f3\u3067\u3082\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-76ec848\">\u3080\u3057\u308d\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-c79ee1f\">\n<li class=\"\">\u6a5f\u95a2\u6295\u8cc7\u5bb6<\/li>\n\n\n\n<li class=\"\">\u4f01\u696d<\/li>\n\n\n\n<li class=\"\">\u516c\u5171\u30bb\u30af\u30bf\u30fc<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-e469fd4\">\u304c\u6697\u53f7\u8cc7\u7523\u3092<strong>\u5b89\u5fc3\u3057\u3066\u4f7f\u3046\u305f\u3081\u306b\u5fc5\u8981\u306b\u306a\u308b\u57fa\u76e4<\/strong>\u3068\u3057\u3066\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-b74c5d8\">\u975e\u5e38\u306b\u610f\u56f3\u7684\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-e8aa9bf\">\u6b21\u7ae0\u3067\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-cd8afda\">\u3053\u3046\u3057\u305f\u8a2d\u8a08\u304c\u5b9f\u969b\u306b\u3069\u306e\u3088\u3046\u306a<strong>\u9700\u8981<\/strong>\u3092\u751f\u307f\u51fa\u3057\u5f97\u308b\u306e\u304b\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-7cc2212\">\u305d\u3057\u3066Midnight\u7a3c\u50cd\u5f8c\u306b\u6ce8\u76ee\u3059\u3079\u304d\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9<\/p>\n\n\n\n<p class=\"deb-block deb-block-f5d6281\">\uff08\u4e88\u6e2c\u5e02\u5834\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3001DEX\u306a\u3069\uff09\u3092\u8ef8\u306b\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-94f6927\">\u300c\u672c\u5f53\u306b\u4f7f\u308f\u308c\u308b\u306e\u304b\uff1f\u300d\u3068\u3044\u3046\u8996\u70b9\u304b\u3089\u6398\u308a\u4e0b\u3052\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity deb-block deb-block-d54733c\"\/>\n\n\n\n<h4 class=\"wp-block-heading deb-block deb-block-1363198\" id=\"e7acac4e7aba0efbc9amidnighte7a8bce5838de5be8ce381abe8a68be38188e381a6e3818fe3828be3808ce69cace5bd93e381aee99c80e8a681e3808d-24\"><strong>\u7b2c4\u7ae0\uff1aMidnight\u7a3c\u50cd\u5f8c\u306b\u898b\u3048\u3066\u304f\u308b\u300c\u672c\u5f53\u306e\u9700\u8981\u300d<\/strong><\/h4>\n\n\n\n<p class=\"deb-block deb-block-0301516\">\u2500\u2500\u306a\u305c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u4ed8\u304d\u4e88\u6e2c\u5e02\u5834\u30fb\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u30fbDEX\u306a\u306e\u304b<\/p>\n\n\n\n<p class=\"deb-block deb-block-7cc9964\">Midnight\u306e\u8a2d\u8a08\u601d\u60f3\u304c\u3069\u308c\u3060\u3051\u512a\u308c\u3066\u3044\u3066\u3082\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-51f47d3\">\u6700\u7d42\u7684\u306b\u554f\u308f\u308c\u308b\u306e\u306f\u3068\u3066\u3082\u30b7\u30f3\u30d7\u30eb\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-ebdc63c\"><strong>\u300c\u305d\u308c\u306f\u3001\u672c\u5f53\u306b\u4f7f\u308f\u308c\u308b\u306e\u304b\uff1f\u300d<\/strong><\/p>\n\n\n\n<p class=\"deb-block deb-block-20bd326\">\u3053\u306e\u7ae0\u3067\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-e15a8b7\">Midnight\u304c\u201c\u601d\u60f3\u5148\u884c\u201d\u3067\u7d42\u308f\u3089\u305a\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-a557d5c\"><strong>\u5b9f\u9700\u306b\u76f4\u7d50\u3057\u3084\u3059\u3044\u7406\u7531<\/strong>\u3092\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-babe949\">\u5177\u4f53\u7684\u306a\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u304b\u3089\u898b\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-b4268f8\" id=\"e38397e383a9e382a4e38390e382b7e383bce4bb98e3818de4ba88e6b8ace5b882e5a0b4efbc9a-25\"><strong>\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u4ed8\u304d\u4e88\u6e2c\u5e02\u5834\uff1a<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-fa064db\">\u300c\u8ce2\u3044\u4eba\u307b\u3069\u53c2\u52a0\u3057\u3084\u3059\u3044\u300d\u69cb\u9020<\/p>\n\n\n\n<p class=\"deb-block deb-block-dda0162\">\u6700\u521d\u306b\u6ce8\u76ee\u3057\u305f\u3044\u306e\u304c\u3001<strong>\u4e88\u6e2c\u5e02\u5834<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-be6d1f4\">\u4e88\u6e2c\u5e02\u5834\u306f\u672c\u6765\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-5c6e978\">\n<li class=\"\">\u653f\u7b56<\/li>\n\n\n\n<li class=\"\">\u9078\u6319<\/li>\n\n\n\n<li class=\"\">\u91d1\u878d\u30a4\u30d9\u30f3\u30c8<\/li>\n\n\n\n<li class=\"\">\u30de\u30af\u30ed\u7d4c\u6e08<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-f51dc33\">\u3068\u3044\u3063\u305f\u30c6\u30fc\u30de\u306b\u3064\u3044\u3066\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-beaf6b5\"><strong>\u6700\u3082\u60c5\u5831\u3092\u6301\u3064\u4eba\u305f\u3061\u306e\u5224\u65ad\u3092\u96c6\u7d04\u3067\u304d\u308b<\/strong><\/p>\n\n\n\n<p class=\"deb-block deb-block-3ed0de8\">\u975e\u5e38\u306b\u5f37\u529b\u306a\u4ed5\u7d44\u307f\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-cf2269c\">\u3057\u304b\u3057\u73fe\u5b9f\u306b\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-247d295\">\u300c\u4e88\u6e2c\u304c\u5f53\u305f\u3063\u3066\u3082\u3001\u53c2\u52a0\u3057\u3066\u3044\u305f\u3053\u3068\u81ea\u4f53\u304c\u30ea\u30b9\u30af\u306b\u306a\u308b\u300d<\/p>\n\n\n\n<p class=\"deb-block deb-block-f9be67d\">\u3068\u3044\u3046\u554f\u984c\u3092\u62b1\u3048\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-38e387d\">\n<li class=\"\">\u898f\u5236\u30ea\u30b9\u30af<\/li>\n\n\n\n<li class=\"\">\u793e\u4f1a\u7684\u7acb\u5834\u3078\u306e\u5f71\u97ff<\/li>\n\n\n\n<li class=\"\">\u8077\u696d\u4e0a\u306e\u5236\u7d04<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-9b6ac85\">\u3053\u3046\u3057\u305f\u7406\u7531\u304b\u3089\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-50e268a\"><strong>\u4e00\u756a\u6b63\u78ba\u306a\u5224\u65ad\u3092\u6301\u3064\u5c64\u307b\u3069\u53c2\u52a0\u3057\u306b\u304f\u3044<\/strong>\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-ab8374a\">Midnight\u306e\u3088\u3046\u306b\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-aa6b047\">\n<li class=\"\">\u8ced\u3051\u306e\u5185\u5bb9\u3084\u91d1\u984d\u306f\u79d8\u533f\u3057\u3064\u3064<\/li>\n\n\n\n<li class=\"\">\u4e0d\u6b63\u3084\u9055\u6cd5\u6027\u304c\u306a\u3044\u3053\u3068\u3060\u3051\u3092\u8a3c\u660e\u3067\u304d\u308b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-2a5ba4a\">\u4ed5\u7d44\u307f\u304c\u3042\u308c\u3070\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-46d176f\">\u4e88\u6e2c\u5e02\u5834\u306f\u4e00\u6c17\u306b\u300c\u5b9f\u7528\u30a4\u30f3\u30d5\u30e9\u300d\u306b\u8fd1\u3065\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-1346574\">\u3053\u3053\u3067\u306f\u3001\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u8d05\u6ca2\u54c1\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-cc96aff\"><strong>\u5e02\u5834\u306e\u7cbe\u5ea6\u3092\u9ad8\u3081\u308b\u305f\u3081\u306e\u5fc5\u9808\u6761\u4ef6<\/strong>\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-96e2bec\" id=\"e382b9e38386e383bce38396e383abe382b3e382a4e383b3efbc9a-26\"><strong>\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\uff1a<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-61ea96e\">\u300c\u900f\u660e\u3059\u304e\u308b\u304a\u91d1\u300d\u304c\u62b1\u3048\u308b\u77db\u76fe<\/p>\n\n\n\n<p class=\"deb-block deb-block-b59d385\">\u6b21\u306b\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-8b76ed9\">\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-4c5b3a6\">\u6697\u53f7\u8cc7\u7523\u304c\u5b9f\u4f53\u7d4c\u6e08\u306b\u63a5\u7d9a\u3059\u308b\u3046\u3048\u3067<\/p>\n\n\n\n<p class=\"deb-block deb-block-5c85182\">\u6700\u3082\u91cd\u8981\u306a\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u306e\u3072\u3068\u3064\u3067\u3059\u304c\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-0587947\">\u540c\u6642\u306b\u6df1\u523b\u306a\u554f\u984c\u3082\u62b1\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-3e9fcd3\">\u305d\u308c\u304c\u3001<strong>\u5229\u7528\u5c65\u6b74\u304c\u3059\u3079\u3066\u53ef\u8996\u5316\u3055\u308c\u3066\u3057\u307e\u3046<\/strong>\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-17917ff\">\n<li class=\"\">\u7d66\u4e0e\u306e\u652f\u6255\u3044<\/li>\n\n\n\n<li class=\"\">\u4f01\u696d\u9593\u6c7a\u6e08<\/li>\n\n\n\n<li class=\"\">\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u652f\u6255\u3044<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-fa81d26\">\u3053\u308c\u3089\u304c\u5e38\u6642\u516c\u958b\u3055\u308c\u308b\u3068\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-0128dac\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u3060\u3051\u3067\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-d495e3f\"><strong>\u53d6\u5f15\u95a2\u4fc2\u3084\u4fa1\u683c\u6226\u7565\u305d\u306e\u3082\u306e\u304c\u9732\u51fa<\/strong>\u3057\u3066\u3057\u307e\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-ed8c08b\">Midnight\u306eRational Privacy\u304c\u3042\u308c\u3070\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-6cb2d95\">\n<li class=\"\">\u652f\u6255\u3044\u306e\u6b63\u5f53\u6027<\/li>\n\n\n\n<li class=\"\">\u898f\u5236\u9075\u5b88<\/li>\n\n\n\n<li class=\"\">\u62c5\u4fdd\u306e\u5065\u5168\u6027<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-e7e7baa\">\u3068\u3044\u3063\u305f\u70b9\u306f\u8a3c\u660e\u3057\u3064\u3064\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-83245a1\"><strong>\u8ab0\u304c\u30fb\u8ab0\u306b\u30fb\u3044\u304f\u3089\u6255\u3063\u305f\u304b<\/strong>\u306f\u5b88\u308b\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-a96fadb\">\u3068\u3044\u3046\u8a2d\u8a08\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-95dc4ad\">\u3053\u308c\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-cc4fea5\">\u300c\u533f\u540d\u30de\u30cd\u30fc\u300d\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-3304d96\"><strong>\u201c\u4f7f\u3048\u308b\u30c7\u30b8\u30bf\u30eb\u30ad\u30e3\u30c3\u30b7\u30e5\u201d\u3078\u306e\u9032\u5316<\/strong>\u3060\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-f545ffc\" id=\"dexefbc9a-27\"><strong>DEX\uff1a<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-a9fb6dc\">\u300c\u900f\u660e\u6027\u304c\u30a2\u30eb\u30d5\u30a1\u3092\u7834\u58ca\u3059\u308b\u300d\u4e16\u754c<\/p>\n\n\n\n<p class=\"deb-block deb-block-c4a1e7a\">DEX\uff08\u5206\u6563\u578b\u53d6\u5f15\u6240\uff09\u3082\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-4809407\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u9700\u8981\u304c\u975e\u5e38\u306b\u5f37\u3044\u9818\u57df\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-db70122\">\u73fe\u5728\u306eDEX\u3067\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-bdb1810\">\n<li class=\"\">\u5927\u53e3\u6ce8\u6587\u304c\u4e8b\u524d\u306b\u8aad\u307e\u308c\u308b<\/li>\n\n\n\n<li class=\"\">MEV\u306b\u3088\u3063\u3066\u4e0d\u5229\u306a\u7d04\u5b9a\u304c\u8d77\u304d\u308b<\/li>\n\n\n\n<li class=\"\">\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u6226\u7565\u304c\u6a21\u5023\u3055\u308c\u308b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-c11a422\">\u3068\u3044\u3063\u305f\u554f\u984c\u304c\u5e38\u614b\u5316\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-b627145\">\u3053\u308c\u306f\u4e0d\u6b63\u3068\u3044\u3046\u3088\u308a\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-b7e3a23\"><strong>\u8a2d\u8a08\u4e0a\u201c\u898b\u3048\u3059\u304e\u3066\u3044\u308b\u201d\u3053\u3068\u304c\u539f\u56e0<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-3c3e04a\">Midnight\u306e\u3088\u3046\u306b\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-3d2e1cc\">\n<li class=\"\">\u6ce8\u6587\u5185\u5bb9\u3084\u6226\u7565\u306f\u79d8\u533f<\/li>\n\n\n\n<li class=\"\">\u305f\u3060\u3057\u6e05\u7b97\u30fb\u6c7a\u6e08\u306f\u6b63\u3057\u304f\u884c\u308f\u308c\u305f\u3053\u3068\u3092\u8a3c\u660e<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-141aa45\">\u3067\u304d\u308b\u4ed5\u7d44\u307f\u304c\u3042\u308c\u3070\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-6efedae\">DEX\u306f\u3088\u3046\u3084\u304f<\/p>\n\n\n\n<p class=\"deb-block deb-block-5e8f212\"><strong>\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30eb\u304c\u4f7f\u3048\u308b\u5e02\u5834<\/strong>\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-cbb0526\" id=\"e585b1e9809ae782b9efbc9ae3808ce4bdbfe3828fe3828ce3828be383a6e383bce382b9e382b1e383bce382b9e3808de381bbe381a9e38397e383a9e382a4e38390-28\"><strong>\u5171\u901a\u70b9\uff1a\u300c\u4f7f\u308f\u308c\u308b\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u300d\u307b\u3069\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u8981\u308b<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-c015972\">\u3053\u3053\u307e\u3067\u6319\u3052\u305f3\u3064\u306e\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u306b\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-abe15b4\">\u660e\u78ba\u306a\u5171\u901a\u70b9\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-b734740\">\u305d\u308c\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-1ef4690\">\n<li class=\"\">\u5b9f\u969b\u306e\u304a\u91d1\u304c\u52d5\u304f<\/li>\n\n\n\n<li class=\"\">\u5229\u5bb3\u95a2\u4fc2\u304c\u767a\u751f\u3059\u308b<\/li>\n\n\n\n<li class=\"\">\u73fe\u5b9f\u793e\u4f1a\u3068\u76f4\u63a5\u3064\u306a\u304c\u308b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-5c2ffa4\">\u3068\u3044\u3046\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-d21d41c\">\u305d\u3057\u3066\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-7a04ca4\"><strong>\u3053\u3046\u3057\u305f\u9818\u57df\u307b\u3069\u3001\u5168\u9762\u516c\u958b\u306f\u4e0d\u9069\u5207<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-957e526\">Midnight\u304c\u72d9\u3063\u3066\u3044\u308b\u306e\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-25c1c2b\">DeFi\u306e\u4e2d\u3067\u3082\u6700\u3082\u201c\u73fe\u5b9f\u306b\u8fd1\u3044\u90e8\u5206\u201d\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-c16ee35\">\u3060\u304b\u3089\u3053\u305d\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-9a32338\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u4ed8\u52a0\u4fa1\u5024\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-fe297af\"><strong>\u524d\u63d0\u6761\u4ef6<\/strong>\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-10437d7\" id=\"e3808ckpie381a7e6b8ace3828ce3828be38397e383a9e382a4e38390e382b7e383bce3808de381a8e38184e38186e799bae683b3-29\"><strong>\u300cKPI\u3067\u6e2c\u308c\u308b\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u3068\u3044\u3046\u767a\u60f3<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-7654282\">\u3082\u3046\u3072\u3068\u3064\u91cd\u8981\u306a\u306e\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-27773e0\">Midnight\u3067\u306f\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c<\/p>\n\n\n\n<p class=\"deb-block deb-block-d9a71b6\"><strong>\u5b9a\u91cf\u7684\u306b\u8a55\u4fa1\u3067\u304d\u308b<\/strong>\u3068\u3044\u3046\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-e856e04\">\u4f8b\u3048\u3070\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-3643bf9\">\n<li class=\"\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u4ed8\u304d\u30c8\u30e9\u30f3\u30b6\u30af\u30b7\u30e7\u30f3\u6570<\/li>\n\n\n\n<li class=\"\">\u5b9f\u9700\u30a2\u30d7\u30ea\u306e\u7d99\u7d9a\u5229\u7528\u7387<\/li>\n\n\n\n<li class=\"\">\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u56de\u8ee2\u7387<\/li>\n\n\n\n<li class=\"\">DEX\u306e\u5e73\u5747\u30b9\u30ea\u30c3\u30da\u30fc\u30b8<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-ca9baf6\">\u3053\u3046\u3057\u305f\u6307\u6a19\u3092\u901a\u3058\u3066\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-72ca2e5\">\u300c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u4fa1\u5024\u3092\u751f\u3093\u3067\u3044\u308b\u304b\u300d\u3092<\/p>\n\n\n\n<p class=\"deb-block deb-block-9377e22\">\u6e2c\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-63c1c82\">\u3053\u308c\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-ad0d8b6\">\u601d\u60f3\u3084\u7269\u8a9e\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-6f44bdf\"><strong>\u5b9f\u9700\u3068\u3057\u3066\u306e\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc<\/strong>\u304c\u554f\u308f\u308c\u308b\u6bb5\u968e\u306b\u5165\u3063\u305f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-c767438\">\u3068\u3044\u3046\u3053\u3068\u3067\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-8c04803\" id=\"midnighte381afe3808ce4bdbfe3828fe3828ce3819fe7b590e69e9ce38081e8a995e4bea1e38195e3828ce3828be3808de38381e382a7e383bce383b3-30\"><strong>Midnight\u306f\u300c\u4f7f\u308f\u308c\u305f\u7d50\u679c\u3001\u8a55\u4fa1\u3055\u308c\u308b\u300d\u30c1\u30a7\u30fc\u30f3<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-6eda403\">Midnight\u306e\u9762\u767d\u3055\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-12fd6e9\">\u6d3e\u624b\u306a\u7269\u8a9e\u3092\u8a9e\u3089\u306a\u304f\u3066\u3082\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-a4b92bd\">\n<li class=\"\">\u4f7f\u308f\u308c\u308c\u3070\u8a55\u4fa1\u304c\u4e0a\u304c\u308a<\/li>\n\n\n\n<li class=\"\">\u4f7f\u308f\u308c\u306a\u3051\u308c\u3070\u6dd8\u6c70\u3055\u308c\u308b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-1d74053\">\u3068\u3044\u3046\u3001\u975e\u5e38\u306b\u5065\u5168\u306a\u4f4d\u7f6e\u306b\u3042\u308b\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-595dcd9\">Rational Privacy\u304c\u672c\u5f53\u306b\u5fc5\u8981\u306a\u3089\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-e10a291\">\u4e88\u6e2c\u5e02\u5834\u3082\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3082\u3001DEX\u3082\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-62fa5bb\">\u81ea\u7136\u3068Midnight\u3092\u9078\u3076\u306f\u305a\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-f3bf68c\">\u6b21\u7ae0\u3067\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-affb7a7\">\u3053\u3046\u3057\u305f\u9700\u8981\u304c<strong>Cardano\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u5168\u4f53\u306b\u3069\u306e\u3088\u3046\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u306e\u304b<\/strong>\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-d2d798e\">SPO\u3001\u958b\u767a\u8005\u3001\u516c\u5171\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u306e\u89b3\u70b9\u304b\u3089\u6574\u7406\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity deb-block deb-block-8b618cf\"\/>\n\n\n\n<h4 class=\"wp-block-heading deb-block deb-block-7ceeda7\" id=\"e7acac5e7aba0efbc9amidnighte381afcardanoe382a8e382b3e382b7e382b9e38386e383a0e381abe4bd95e38292e38282e3819fe38289e38199e381aee3818be29480-31\"><strong>\u7b2c5\u7ae0\uff1aMidnight\u306fCardano\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306b\u4f55\u3092\u3082\u305f\u3089\u3059\u306e\u304b<\/strong>\u2500\u2500\u300c\u900f\u660e\u6027\u306eL1\u300d\u3068\u300c\u5408\u7406\u7684\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u306e\u5206\u696d\u304c\u751f\u3080\u62e1\u5f35\u6027<\/h4>\n\n\n\n<p class=\"deb-block deb-block-ce49174\">Midnight\u3092\u7406\u89e3\u3059\u308b\u3046\u3048\u3067\u6b20\u304b\u305b\u306a\u3044\u306e\u304c\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-2be6aad\"><strong>\u300cCardano\u3068\u3069\u3046\u3044\u3046\u95a2\u4fc2\u306b\u3042\u308b\u306e\u304b\u300d<\/strong>\u3068\u3044\u3046\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-bfefa9f\">\u7d50\u8ad6\u304b\u3089\u8a00\u3046\u3068\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-3416791\">Midnight\u306fCardano\u306e\u4ee3\u66ff\u3067\u3082\u7af6\u5408\u3067\u3082\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-b0f9fb4\">\u3080\u3057\u308d\u3001<strong>Cardano\u304c\u9577\u5e74\u62b1\u3048\u3066\u304d\u305f\u201c\u672a\u89e3\u6c7a\u9818\u57df\u201d\u3092\u3001\u5f79\u5272\u5206\u62c5\u3067\u88dc\u5b8c\u3059\u308b\u5b58\u5728<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-f37e84a\" id=\"cardanoe3818ce5bcb7e38184e9a098e59f9fe38081e5bcb1e3818be381a3e3819fe9a098e59f9f-32\"><strong>Cardano\u304c\u5f37\u3044\u9818\u57df\u3001\u5f31\u304b\u3063\u305f\u9818\u57df<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-ea22ee2\">Cardano\u306f\u3053\u308c\u307e\u3067\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-85cc6bc\">\n<li class=\"\">\u9ad8\u3044\u691c\u8a3c\u6027\u3068\u900f\u660e\u6027<\/li>\n\n\n\n<li class=\"\">\u30d5\u30a9\u30fc\u30de\u30eb\u30e1\u30bd\u30c3\u30c9\u306b\u57fa\u3065\u304f\u5805\u7262\u6027<\/li>\n\n\n\n<li class=\"\">\u516c\u5171\u30fb\u5236\u5ea6\u3068\u306e\u89aa\u548c\u6027<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-5de8816\">\u3068\u3044\u3063\u305f\u70b9\u3067\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-f6a3d0e\">\u4ed6\u306eL1\u3068\u306f\u7570\u306a\u308b\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u7bc9\u3044\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-c791c68\">\u4e00\u65b9\u3067\u3001\u306f\u3063\u304d\u308a\u3057\u3066\u3044\u305f\u5236\u7d04\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-d1bc711\">\u305d\u308c\u304c\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-f094275\"><strong>\u300c\u3059\u3079\u3066\u304c\u516c\u958b\u3055\u308c\u308b\u524d\u63d0\u306eL1\u3067\u306f\u6271\u3044\u306b\u304f\u3044\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u304c\u3042\u308b\u300d<\/strong><\/p>\n\n\n\n<p class=\"deb-block deb-block-1acab78\">\u3068\u3044\u3046\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-59e56a4\">\n<li class=\"\">\u4f01\u696d\u9593\u53d6\u5f15<\/li>\n\n\n\n<li class=\"\">\u500b\u4eba\u60c5\u5831\u3092\u542b\u3080\u5951\u7d04<\/li>\n\n\n\n<li class=\"\">\u91d1\u878d\u5546\u54c1\u306e\u5185\u90e8\u30ed\u30b8\u30c3\u30af<\/li>\n\n\n\n<li class=\"\">\u516c\u5171\u5206\u91ce\uff08ID\u30fb\u533b\u7642\u30fb\u7d66\u4ed8\u306a\u3069\uff09<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-767f9dc\">\u3053\u308c\u3089\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-642a63a\">Cardano\u306e\u601d\u60f3\u3068\u76f8\u6027\u304c\u60aa\u3044\u306e\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-6cc9b12\"><strong>\u900f\u660e\u6027\u304c\u9ad8\u3059\u304e\u308b\u304c\u3086\u3048\u306b\u5b9f\u88c5\u3057\u306b\u304f\u304b\u3063\u305f<\/strong>\u9818\u57df\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-cd1ad0b\" id=\"midnighte381afe3808ccardanoe381aee6aca0e782b9e3808de38292e6b688e38199e3819fe38281e381aee38381e382a7e383bce383b3e381a7e381afe381aae38184-33\"><strong>Midnight\u306f\u300cCardano\u306e\u6b20\u70b9\u300d\u3092\u6d88\u3059\u305f\u3081\u306e\u30c1\u30a7\u30fc\u30f3\u3067\u306f\u306a\u3044<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-2922add\">\u91cd\u8981\u306a\u306e\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-d7e7014\">Midnight\u304cCardano\u306e\u900f\u660e\u6027\u3092\u5426\u5b9a\u3057\u3066\u3044\u306a\u3044\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-b6ad8fa\">\u3080\u3057\u308d\u8a2d\u8a08\u601d\u60f3\u306f\u660e\u78ba\u3067\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-6413fcd\">\n<li class=\"\"><strong>\u900f\u660e\u6027\u304c\u4fa1\u5024\u306b\u306a\u308b\u90e8\u5206\u306fCardano\u3067<\/strong><\/li>\n\n\n\n<li class=\"\"><strong>\u79d8\u533f\u6027\u304c\u5fc5\u8981\u306a\u90e8\u5206\u306fMidnight\u3067<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-29d20ab\">\u3068\u3044\u3046\u3001<strong>\u6a5f\u80fd\u5225\u306e\u5206\u696d<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-83048b5\">\u3053\u308c\u306b\u3088\u308a\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-9cf7e56\">\n<li class=\"\">\u3059\u3079\u3066\u3092\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u306b\u3059\u308b<\/li>\n\n\n\n<li class=\"\">\u3059\u3079\u3066\u3092\u30d1\u30d6\u30ea\u30c3\u30af\u306b\u3059\u308b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-8297531\">\u3068\u3044\u3046\u6975\u7aef\u306a\u9078\u629e\u3092\u305b\u305a\u306b\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-1c4684f\"><strong>\u73fe\u5b9f\u4e16\u754c\u306b\u9069\u3057\u305f\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u69cb\u6210<\/strong>\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-f7a7465\" id=\"spoe381abe381a8e381a3e381a6e381aee6848fe591b3efbc9ae696b0e38197e38184e5bdb9e589b2e381a8e68c81e7b69ae680a7-34\"><strong>SPO\u306b\u3068\u3063\u3066\u306e\u610f\u5473\uff1a\u65b0\u3057\u3044\u5f79\u5272\u3068\u6301\u7d9a\u6027<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-3260639\">Cardano\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e\u4e2d\u6838\u3067\u3042\u308bSPO\uff08\u30b9\u30c6\u30fc\u30af\u30d7\u30fc\u30eb\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\uff09\u306b\u3068\u3063\u3066\u3082\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-2e7b865\">Midnight\u306f\u91cd\u8981\u306a\u610f\u5473\u3092\u6301\u3061\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-5ce2754\">Midnight\u3067\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-fcdcc9a\">\n<li class=\"\">\u65e2\u5b58\u306e\u904b\u7528\u30ce\u30a6\u30cf\u30a6<\/li>\n\n\n\n<li class=\"\">\u5206\u6563\u904b\u7528\u306e\u5b9f\u7e3e<\/li>\n\n\n\n<li class=\"\">\u9577\u671f\u5b89\u5b9a\u904b\u55b6\u3078\u306e\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u8a2d\u8a08<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-f611cb0\">\u304c\u6d3b\u304b\u3055\u308c\u308b\u524d\u63d0\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-c3ac457\">\u3053\u308c\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-9392f46\">\n<li class=\"\">SPO\u304c\u5358\u306b\u300cADA\u3092\u30b9\u30c6\u30fc\u30af\u3059\u308b\u5b58\u5728\u300d\u304b\u3089<\/li>\n\n\n\n<li class=\"\"><strong>\u8907\u6570\u30ec\u30a4\u30e4\u30fc\u3092\u652f\u3048\u308b\u30a4\u30f3\u30d5\u30e9\u904b\u55b6\u8005<\/strong>\u3078\u9032\u5316\u3059\u308b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-c89982d\">\u53ef\u80fd\u6027\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-d667e59\">2026\u5e74\u4ee5\u964d\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-202fd2f\">SPO\u306f\u201c\u904e\u53bb\u306e\u5831\u916c\u30e2\u30c7\u30eb\u201d\u306b\u4f9d\u5b58\u3059\u308b\u5b58\u5728\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-a7208f5\"><strong>\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u5168\u4f53\u306e\u4fe1\u983c\u6027\u3092\u62c5\u4fdd\u3059\u308b\u5f79\u5272<\/strong>\u3078<\/p>\n\n\n\n<p class=\"deb-block deb-block-252e42e\">\u518d\u5b9a\u7fa9\u3055\u308c\u3066\u3044\u304f\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-7862fd9\" id=\"e9968be799bae88085e381abe381a8e381a3e381a6e381aee5a489e58c96efbc9a-35\"><strong>\u958b\u767a\u8005\u306b\u3068\u3063\u3066\u306e\u5909\u5316\uff1a<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-6ae56bb\">\u300c\u4f5c\u308c\u306a\u304b\u3063\u305f\u3082\u306e\u304c\u3001\u4f5c\u308c\u308b\u3088\u3046\u306b\u306a\u308b\u300d<\/p>\n\n\n\n<p class=\"deb-block deb-block-6f5308e\">\u958b\u767a\u8005\u8996\u70b9\u3067\u3082\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-7c79d5c\">Midnight\u306e\u767b\u5834\u306f\u5927\u304d\u306a\u8ee2\u63db\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-5b8526a\">\u3053\u308c\u307e\u3067Cardano\u4e0a\u3067\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-4825410\">\n<li class=\"\">\u691c\u8a3c\u6027\u306f\u9ad8\u3044\u304c<\/li>\n\n\n\n<li class=\"\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u8981\u4ef6\u306e\u3042\u308b\u30a2\u30d7\u30ea\u306f\u8a2d\u8a08\u304c\u96e3\u3057\u3044<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-369a895\">\u3068\u3044\u3046\u5236\u7d04\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-bf90649\">Midnight\u304c\u52a0\u308f\u308b\u3053\u3068\u3067\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-7daf37a\">\n<li class=\"\">\u30d1\u30d6\u30ea\u30c3\u30af\u306a\u30ed\u30b8\u30c3\u30af\u306fCardano<\/li>\n\n\n\n<li class=\"\">\u79d8\u533f\u3059\u3079\u304d\u30ed\u30b8\u30c3\u30af\u3084\u30c7\u30fc\u30bf\u306fMidnight<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-e802a99\">\u3068\u3044\u3046\u5f62\u3067\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-d897029\"><strong>\u5b9f\u4e16\u754c\u306b\u8fd1\u3044\u30a2\u30d7\u30ea\u8a2d\u8a08<\/strong>\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-15de7e5\">\u3053\u308c\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-9fb8751\">\n<li class=\"\">\u91d1\u878d<\/li>\n\n\n\n<li class=\"\">ID<\/li>\n\n\n\n<li class=\"\">CRM<\/li>\n\n\n\n<li class=\"\">\u516c\u5171\u30b5\u30fc\u30d3\u30b9<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-d9f4c94\">\u3068\u3044\u3063\u305f\u5206\u91ce\u306b\u304a\u3044\u3066\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-6fccc31\">Cardano\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e\u5c04\u7a0b\u3092\u5927\u304d\u304f\u5e83\u3052\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-9858a88\" id=\"catalyste383bbe585ace585b1e383a6e383bce382b9e382b1e383bce382b9e381a8e381aee79bb8e680a7-36\"><strong>Catalyst\u30fb\u516c\u5171\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u3068\u306e\u76f8\u6027<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-395ac64\">Cardano\u304c\u91cd\u8996\u3057\u3066\u304d\u305f<\/p>\n\n\n\n<p class=\"deb-block deb-block-6f022dd\">\u300c\u516c\u5171\u6027\u300d\u300c\u9577\u671f\u6301\u7d9a\u6027\u300d\u3068\u3044\u3046\u6587\u8108\u3067\u3082\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-d768cd7\">Midnight\u306f\u975e\u5e38\u306b\u76f8\u6027\u304c\u826f\u3044\u5b58\u5728\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-1fcefdf\">\u516c\u5171\u9818\u57df\u3067\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-96c30c3\">\n<li class=\"\">\u900f\u660e\u6027\u304c\u6c42\u3081\u3089\u308c\u308b\u90e8\u5206<\/li>\n\n\n\n<li class=\"\">\u500b\u4eba\u60c5\u5831\u3092\u5b88\u308b\u5fc5\u8981\u304c\u3042\u308b\u90e8\u5206<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-92f9197\">\u304c\u5e38\u306b\u6df7\u5728\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-f922ca0\">Midnight\u306eRational Privacy\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-3050fc2\">\u3053\u306e\u4e8c\u5f8b\u80cc\u53cd\u3092\u6280\u8853\u7684\u306b\u51e6\u7406\u3067\u304d\u308b\u305f\u3081\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-7bd6083\">\n<li class=\"\">\u884c\u653f<\/li>\n\n\n\n<li class=\"\">\u6559\u80b2<\/li>\n\n\n\n<li class=\"\">\u533b\u7642<\/li>\n\n\n\n<li class=\"\">\u793e\u4f1a\u4fdd\u969c<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-aa73c9f\">\u3068\u3044\u3063\u305f\u9818\u57df\u3067\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-2ff8fe3\"><strong>\u201c\u673a\u4e0a\u306e\u69cb\u60f3\u3067\u306f\u306a\u3044\u201dWeb3\u6d3b\u7528<\/strong>\u3092\u53ef\u80fd\u306b\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-fc0a7ab\" id=\"cardanoe381afe3808ce99689e38198e3819fl1e3808de381a7e381afe381aae3818fe3808ce68ba1e5bcb5e58fafe883bde381aae59fbae79ba4e3808de381b8-37\"><strong>Cardano\u306f\u300c\u9589\u3058\u305fL1\u300d\u3067\u306f\u306a\u304f\u300c\u62e1\u5f35\u53ef\u80fd\u306a\u57fa\u76e4\u300d\u3078<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-e0229aa\">\u3053\u3053\u307e\u3067\u898b\u3066\u304f\u308b\u3068\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-3c2d7bc\">Midnight\u306e\u672c\u8cea\u7684\u306a\u5f79\u5272\u306f\u660e\u78ba\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-cd27812\">\u305d\u308c\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-9ba3d96\">Cardano\u3092\u300c\u5b8c\u6210\u3055\u308c\u305fL1\u300d\u306b\u3059\u308b\u3053\u3068\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-4625e4d\"><strong>\u300c\u73fe\u5b9f\u306b\u9069\u5fdc\u3057\u7d9a\u3051\u3089\u308c\u308b\u57fa\u76e4\u300d\u306b\u9032\u5316\u3055\u305b\u308b\u3053\u3068<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-840da0b\">\n<li class=\"\">\u900f\u660e\u6027\u3060\u3051\u3067\u306f\u8db3\u308a\u306a\u3044<\/li>\n\n\n\n<li class=\"\">\u3057\u304b\u3057\u79d8\u533f\u3060\u3051\u3067\u3082\u6210\u7acb\u3057\u306a\u3044<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-29cf63b\">\u3053\u306e\u73fe\u5b9f\u7684\u306a\u6761\u4ef6\u3092\u6e80\u305f\u3059\u305f\u3081\u306e\u201c\u5916\u5ef6\u201d\u3068\u3057\u3066\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-86d36f0\">Midnight\u306f\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-a339b19\">\u6b21\u7ae0\u3067\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-4eb7538\">\u3053\u3046\u3057\u305f\u5206\u696d\u30e2\u30c7\u30eb\u304c\u793a\u3059<\/p>\n\n\n\n<p class=\"deb-block deb-block-9be3dad\"><strong>2026\u5e74\u4ee5\u964d\u306e\u6697\u53f7\u8cc7\u7523\u306e\u52dd\u8005\u6761\u4ef6<\/strong>\u3092\u6574\u7406\u3057\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-0c88479\">\u306a\u305c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u201c\u672c\u547d\u30a4\u30f3\u30d5\u30e9\u201d\u306b\u306a\u308b\u306e\u304b\u3092<\/p>\n\n\n\n<p class=\"deb-block deb-block-fbe7e58\">\u3042\u3089\u305f\u3081\u3066\u7dcf\u62ec\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity deb-block deb-block-069108d\"\/>\n\n\n\n<h4 class=\"wp-block-heading deb-block deb-block-3929b12\" id=\"e7b582e7aba0efbc9a2026e5b9b4e4bba5e9998de381aee58b9de88085e69da1e4bbb6-38\"><strong>\u7d42\u7ae0\uff1a2026\u5e74\u4ee5\u964d\u306e\u52dd\u8005\u6761\u4ef6<\/strong><\/h4>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large has-custom-border deb-block deb-block-c6ae2bf\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"585\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/8-1-1024x585.png\" alt=\"\" class=\"has-border-color has-aaaaaa-border-color wp-image-44644\" title=\"\u753b\u50cf\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/8-1-1024x585.png 1024w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/8-1-300x171.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/8-1-768x439.png 768w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/8-1-1536x878.png 1536w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/8-1-450x257.png 450w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/8-1-900x514.png 900w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/8-1.png 1792w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"deb-block deb-block-175b840\">\u2500\u2500\u306a\u305c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u201c\u601d\u60f3\u201d\u3067\u306f\u306a\u304f\u201c\u672c\u547d\u30a4\u30f3\u30d5\u30e9\u201d\u306b\u306a\u308b\u306e\u304b<\/p>\n\n\n\n<p class=\"deb-block deb-block-53a7970\">\u3053\u3053\u307e\u3067\u898b\u3066\u304d\u305f\u3088\u3046\u306b\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-baa7148\">2026\u5e74\u3092\u5883\u306b\u3001\u6697\u53f7\u8cc7\u7523\u30fb\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u306e\u8a55\u4fa1\u8ef8\u306f<\/p>\n\n\n\n<p class=\"deb-block deb-block-be3f572\">\u306f\u3063\u304d\u308a\u3068\u5909\u308f\u308d\u3046\u3068\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-7e3c2dc\">\u3082\u306f\u3084\u554f\u308f\u308c\u3066\u3044\u308b\u306e\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-9138305\">\n<li class=\"\">\u3069\u308c\u3060\u3051\u901f\u3044\u304b<\/li>\n\n\n\n<li class=\"\">\u3069\u308c\u3060\u3051\u5b89\u3044\u304b<\/li>\n\n\n\n<li class=\"\">\u3069\u308c\u3060\u3051\u6d3e\u624b\u304b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-f862111\">\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-487773d\"><strong>\u305d\u308c\u306f\u3001\u73fe\u5b9f\u793e\u4f1a\u306e\u4e2d\u3067\u201c\u9577\u304f\u4f7f\u308f\u308c\u7d9a\u3051\u308b\u304b\u201d\u3069\u3046\u304b<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-1d12bab\" id=\"2026e5b9b4e381aee69a97e58fb7e8b387e794a3e381afe3808ce981b8e588a5e38395e382a7e383bce382bae3808de381abe585a5e3828b-39\"><strong>2026\u5e74\u306e\u6697\u53f7\u8cc7\u7523\u306f\u300c\u9078\u5225\u30d5\u30a7\u30fc\u30ba\u300d\u306b\u5165\u308b<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-0d293af\">2025\u5e74\u307e\u3067\u306e\u6697\u53f7\u8cc7\u7523\u5e02\u5834\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-6feb6ac\">\u3042\u308b\u610f\u5473\u3067\u300c\u53ef\u80fd\u6027\u306e\u5c55\u793a\u4f1a\u300d\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-62d00f4\">\u6027\u80fd\u3001\u5b9f\u9a13\u3001\u601d\u60f3\u3001\u30b9\u30d4\u30fc\u30c9\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-f2ecef6\">\u3055\u307e\u3056\u307e\u306a\u30a2\u30d7\u30ed\u30fc\u30c1\u304c\u540c\u6642\u306b\u8a66\u3055\u308c\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-a9bdf25\">\u5e02\u5834\u306f\u305d\u308c\u3092\u8a31\u5bb9\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-b6557d8\">\u3057\u304b\u30572026\u5e74\u4ee5\u964d\u306f\u9055\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-e7b3f00\">\n<li class=\"\">\u898f\u5236\u304c\u52d5\u304d<\/li>\n\n\n\n<li class=\"\">\u6a5f\u95a2\u8cc7\u672c\u304c\u5165\u308a<\/li>\n\n\n\n<li class=\"\">\u5b9f\u4f53\u7d4c\u6e08\u3068\u306e\u63a5\u7d9a\u304c\u9032\u3080<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-4ede641\">\u3053\u306e\u74b0\u5883\u3067\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-2a2a523\"><strong>\u4f7f\u3048\u306a\u3044\u3082\u306e\u306f\u9759\u304b\u306b\u4f7f\u308f\u308c\u306a\u304f\u306a\u308b<\/strong>\u3060\u3051\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-f3fe1a1\">\u3053\u306e\u201c\u9759\u304b\u306a\u9078\u5225\u201d\u306e\u4e2d\u3067\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-072e1c8\">\u6700\u3082\u53b3\u3057\u304f\u8a55\u4fa1\u3055\u308c\u308b\u306e\u304c\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-2b32830\"><strong>\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u8a2d\u8a08<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-637429a\" id=\"e38397e383a9e382a4e38390e382b7e383bce381afe3808ce99aa0e3828ce3828be3819fe38281e3808de381a7e381afe381aae3818fe3808ce7b69ae38191e3828b-40\"><strong>\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u300c\u96a0\u308c\u308b\u305f\u3081\u300d\u3067\u306f\u306a\u304f\u300c\u7d9a\u3051\u308b\u305f\u3081\u300d<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-ce0eaea\">\u91cd\u8981\u306a\u306e\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-2d1359b\">\u3053\u3053\u3067\u8a00\u3046\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c<\/p>\n\n\n\n<p class=\"deb-block deb-block-039098f\">\u53cd\u4f53\u5236\u7684\u306a\u601d\u60f3\u3084\u533f\u540d\u6027\u81f3\u4e0a\u4e3b\u7fa9\u3067\u306f\u306a\u3044\u3001\u3068\u3044\u3046\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-6c87d39\">2026\u5e74\u306b\u6c42\u3081\u3089\u308c\u308b\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u3068\u306f\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-8642acf\">\n<li class=\"\">\u898f\u5236\u3068\u5171\u5b58\u3067\u304d\u308b<\/li>\n\n\n\n<li class=\"\">\u8aac\u660e\u8cac\u4efb\u3092\u679c\u305f\u305b\u308b<\/li>\n\n\n\n<li class=\"\">\u305d\u308c\u3067\u3044\u3066\u3001\u904e\u5270\u306a\u53ef\u8996\u5316\u3092\u9632\u3052\u308b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-782c465\">\u3068\u3044\u3046\u3001<strong>\u6301\u7d9a\u53ef\u80fd\u6027\u306e\u305f\u3081\u306e\u6280\u8853\u8981\u4ef6<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-549c2f9\">\u8a00\u3044\u63db\u3048\u308c\u3070\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-cbd0b93\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u300c\u81ea\u7531\u306e\u8c61\u5fb4\u300d\u304b\u3089\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-736afd1\"><strong>\u91d1\u878d\u30fb\u516c\u5171\u30a4\u30f3\u30d5\u30e9\u306e\u201c\u5b89\u5168\u88c5\u7f6e\u201d<\/strong>\u3078\u3068\u5f79\u5272\u3092\u5909\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-c840075\" id=\"e381aae3819c-rational-privacye3818ce69cace591bde381abe381aae3828be381aee3818b-41\"><strong>\u306a\u305c&nbsp;Rational Privacy\u304c\u672c\u547d\u306b\u306a\u308b\u306e\u304b<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-8fdfbe4\">\u5b8c\u5168\u533f\u540d\u306f\u3001\u5236\u5ea6\u3068\u885d\u7a81\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-026b4e5\">\u5168\u9762\u516c\u958b\u306f\u3001\u5b9f\u52d9\u3068\u885d\u7a81\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-ff68f32\">\u3053\u306e\u4e8c\u9805\u5bfe\u7acb\u3092\u8d85\u3048\u308b\u305f\u3081\u306b\u751f\u307e\u308c\u305f\u306e\u304c\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-10afc46\"><em>Rational Privacy\uff08\u5408\u7406\u7684\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\uff09<\/em> \u3068\u3044\u3046\u8003\u3048\u65b9\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-55e6896\">\n<li class=\"\">\u96a0\u3059\u3079\u304d\u3082\u306e\u306f\u3001\u6700\u521d\u304b\u3089\u96a0\u3059<\/li>\n\n\n\n<li class=\"\">\u3057\u304b\u3057\u300c\u6b63\u3057\u3044\u3053\u3068\u300d\u306f\u8a3c\u660e\u3067\u304d\u308b<\/li>\n\n\n\n<li class=\"\">\u305d\u308c\u3092\u6570\u5b66\u3068\u8a2d\u8a08\u3067\u5b9f\u73fe\u3059\u308b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-cbae25a\">\u3053\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-2beafdc\">\u601d\u60f3\u3067\u306f\u306a\u304f\u3001<strong>\u30a4\u30f3\u30d5\u30e9\u8a2d\u8a08\u305d\u306e\u3082\u306e<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-6b2f0f4\">\u305d\u3057\u3066\u3001\u3053\u306e\u8003\u3048\u65b9\u3092<\/p>\n\n\n\n<p class=\"deb-block deb-block-d39d9e7\">\u5f8c\u4ed8\u3051\u3067\u306f\u306a\u304f\u3001\u6700\u521d\u304b\u3089\u4e2d\u6838\u306b\u636e\u3048\u3066\u3044\u308b\u306e\u304c<\/p>\n\n\n\n<p class=\"deb-block deb-block-7726262\"><strong>Midnight<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-33d0b8b\" id=\"midnighte381afe3808ce981bfe99ba3e58588e3808de381a7e381afe381aae3818fe3808ce7b5b1e59088e58588e3808d-42\"><strong>Midnight\u306f\u300c\u907f\u96e3\u5148\u300d\u3067\u306f\u306a\u304f\u300c\u7d71\u5408\u5148\u300d<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-691f917\">Midnight\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-41b938e\">\u898f\u5236\u304b\u3089\u9003\u3052\u308b\u305f\u3081\u306e\u5834\u6240\u3067\u3082\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-3b808bd\">\u65e2\u5b58\u91d1\u878d\u3092\u5426\u5b9a\u3059\u308b\u305f\u3081\u306e\u30c1\u30a7\u30fc\u30f3\u3067\u3082\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-0b983f5\">\u3080\u3057\u308d\u3001<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-e36439d\">\n<li class=\"\">\u6a5f\u95a2\u6295\u8cc7\u5bb6<\/li>\n\n\n\n<li class=\"\">\u4f01\u696d<\/li>\n\n\n\n<li class=\"\">\u516c\u5171\u30bb\u30af\u30bf\u30fc<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-69bd7c0\">\u304c\u3001<strong>\u5b89\u5fc3\u3057\u3066Web3\u3092\u4f7f\u3046\u305f\u3081\u306e\u7d71\u5408\u70b9<\/strong>\u3068\u3057\u3066\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-48fd4c3\">\u305d\u3057\u3066\u305d\u308c\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-7f93449\"><strong>Cardano<\/strong><\/p>\n\n\n\n<p class=\"deb-block deb-block-35374c9\">\u3068\u3044\u3046\u900f\u660e\u6027\u3068\u516c\u5171\u6027\u3092\u91cd\u8996\u3057\u3066\u304d\u305f\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u3068<\/p>\n\n\n\n<p class=\"deb-block deb-block-c94b957\">\u5206\u696d\u30fb\u88dc\u5b8c\u95a2\u4fc2\u3092\u7bc9\u304f\u3053\u3068\u3067\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-b4ab4b0\">\u306f\u3058\u3081\u3066\u6210\u7acb\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-8501437\" id=\"2026e5b9b4e38081e3808ce38397e383a9e382a4e38390e382b7e383bce3818ce38182e3828be3818be3808de381a7e381afe381aae3818fe3808ce381a9e38293-43\"><strong>2026\u5e74\u3001\u300c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u3042\u308b\u304b\u300d\u3067\u306f\u306a\u304f\u300c\u3069\u3093\u306a\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304b\u300d\u304c\u554f\u308f\u308c\u308b<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-4d759eb\">\u3053\u308c\u304b\u3089\u306e\u5e02\u5834\u3067\u554f\u308f\u308c\u308b\u306e\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-84c2266\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306e\u6709\u7121\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-e7ddd1b\">\n<li class=\"\">\u305d\u308c\u306f\u8ab0\u306e\u305f\u3081\u306e\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304b<\/li>\n\n\n\n<li class=\"\">\u3069\u3053\u307e\u3067\u8aac\u660e\u3067\u304d\u308b\u306e\u304b<\/li>\n\n\n\n<li class=\"\">\u9577\u671f\u904b\u7528\u306b\u8010\u3048\u308b\u8a2d\u8a08\u304b<\/li>\n<\/ul>\n\n\n\n<p class=\"deb-block deb-block-caec7f7\">\u3068\u3044\u3046\u3001<strong>\u8cea\u306e\u554f\u984c<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-8977d4c\">2026\u5e74\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-138889c\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u300c\u8a9e\u3089\u308c\u308b\u5e74\u300d\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-441c517\"><strong>\u300c\u9078\u5225\u3055\u308c\u308b\u5e74\u300d<\/strong>\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-319f3e6\">\u305d\u306e\u4e2d\u3067\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-0c3bb12\">Rational Privacy\u3092\u4e2d\u6838\u306b\u636e\u3048\u305fMidnight\u306f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-8c1e0e0\">\u5358\u306a\u308b\u65b0\u30c1\u30a7\u30fc\u30f3\u3067\u306f\u306a\u304f\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-c360a78\"><strong>\u6b21\u306e\u6642\u4ee3\u306e\u6697\u53f7\u8cc7\u7523\u30a4\u30f3\u30d5\u30e9\u50cf\u305d\u306e\u3082\u306e<\/strong>\u3092\u63d0\u793a\u3057\u3066\u3044\u308b\u3068\u8a00\u3048\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-2899d36\" id=\"e6aca1e381aee5958fe38184e381b8-44\"><strong>\u6b21\u306e\u554f\u3044\u3078<\/strong><\/h5>\n\n\n\n<p class=\"deb-block deb-block-5028fab\">\u3067\u306f\u3001\u3053\u306e\u30a4\u30f3\u30d5\u30e9\u304c\u6210\u719f\u3057\u305f\u5148\u306b\u3001<\/p>\n\n\n\n<p class=\"deb-block deb-block-4560510\">\u3069\u3093\u306a\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u304c\u672c\u683c\u7684\u306b\u7acb\u3061\u4e0a\u304c\u308b\u306e\u304b\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-ee65293\">\u305d\u3057\u3066\u3001\u3069\u306e\u9818\u57df\u304b\u3089\u201c\u81e8\u754c\u70b9\u201d\u3092\u8fce\u3048\u308b\u306e\u304b\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-e9a0be8\">\u305d\u308c\u306f\u30012026\u5e74\u304b\u3089\u59cb\u307e\u308b<\/p>\n\n\n\n<p class=\"deb-block deb-block-efe66e5\">\u6b21\u306e\u5b9f\u8a3c\u30d5\u30a7\u30fc\u30ba\u3067\u660e\u3089\u304b\u306b\u306a\u3063\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-4ea9726\">\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306f\u3001\u3082\u306f\u3084\u30aa\u30d7\u30b7\u30e7\u30f3\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-21b5cd7\"><strong>\u6697\u53f7\u8cc7\u7523\u304c\u73fe\u5b9f\u4e16\u754c\u306b\u5b9a\u7740\u3059\u308b\u305f\u3081\u306e\u3001\u6700\u5f8c\u306e\u30d4\u30fc\u30b9<\/strong>\u306a\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity deb-block deb-block-934a2e7\"\/>\n\n\n\n<p class=\"deb-block deb-block-d14b294\"><strong>\u3082\u3057\u3053\u306e\u8a18\u4e8b\u304c\u6c17\u306b\u5165\u3063\u3066\u3044\u305f\u3060\u3051\u307e\u3057\u305f\u3089\u3001SIPO\u3001SIPO2\u3001SIPO3\u3078\u306e\u59d4\u4efb\u3092\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3044\u305f\u3057\u307e\u3059<\/strong>\uff01<strong>10ADA\u4ee5\u4e0a\u306e\u5c11\u91cf\u304b\u3089\u3067\u3082\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u304c\u53ef\u80fd\u3067\u3059\u3002<\/strong><\/p>\n\n\n\n<p class=\"deb-block deb-block-5e6e449\"><a href=\"https:\/\/sipo.tokyo\/?cat=137\">\u30b7\u30ea\u30fc\u30ba\u9023\u8f09\uff1a\u9032\u5316\u3059\u308b\u30ab\u30eb\u30c0\u30ce\u30fb\u30d9\u30fc\u30b7\u30c3\u30af<\/a><br><a href=\"https:\/\/sipo.tokyo\/?cat=42\">\u30a8\u30dd\u30c3\u30af\u306a\u65e5\u3005<\/a><br><a href=\"https:\/\/sipo.tokyo\/?p=183\">\u30c0\u30a4\u30c0\u30ed\u30b9\u30de\u30cb\u30e5\u30a2\u30eb<\/a><br><a href=\"https:\/\/sipo.tokyo\/?p=565\">\u30e8\u30ed\u30a4\u30a6\u30a9\u30ec\u30c3\u30c8 Chrome\u30d6\u30e9\u30a6\u30b6\u6a5f\u80fd\u62e1\u5f35\u7248\u30de\u30cb\u30e5\u30a2\u30eb<\/a><br><a href=\"https:\/\/sipo.tokyo\/?p=33914\">Lace\u30de\u30cb\u30e5\u30a2\u30eb<\/a><\/p>\n\n\n\n<p class=\"deb-block deb-block-1ea5e52\"><strong>SIPO\u306fDRep\u3078\u306e\u767b\u9332\u3068\u6d3b\u52d5\u3082\u3057\u3066\u304a\u308a\u307e\u3059\u3002\u3082\u3057SIPO\u306e\u6d3b\u52d5\u306b\u8208\u5473\u304c\u3042\u308b\u65b9\u3001DRep\u3078\u306e\u59d4\u4efb\u65b9\u6cd5\u306b\u3064\u3044\u3066\u77e5\u308a\u305f\u3044\u65b9\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002\u307e\u305f\u59d4\u4efb\u3082\u305c\u3072\u304a\u9858\u3044\u3044\u305f\u3057\u307e\u3059\u3002<\/strong><\/p>\n\n\n\n<p class=\"deb-block deb-block-878f004\">SIPO\u306eDRep\u3068\u3057\u3066\u306e\u76ee\u6a19\u3068\u6d3b\u52d5\u65b9\u91dd\u30fb\u6295\u7968\u65b9\u6cd5<\/p>\n\n\n\n<blockquote class=\"wp-block-quote deb-block deb-block-f631742\">\n<p class=\"deb-block deb-block-8679e67\"><a href=\"https:\/\/sipo.tokyo\/?p=37580\">SIPO\u306eDRep\u3068\u3057\u3066\u306e\u76ee\u6a19\u3068\u6d3b\u52d5\u65b9\u91dd\u30fb\u6295\u7968\u65b9\u6cd5\uff1a\u30cb\u30e5\u30fc\u30b9\u52d5\u5411 &amp; \u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u72b6\u6cc1 in \u30a8\u30dd\u30c3\u30af507<\/a><\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote deb-block deb-block-0757466\">\n<p class=\"deb-block deb-block-04511b0\"><a href=\"https:\/\/sipo.tokyo\/?p=37580\">SIPO\u306eDRep\u3068\u3057\u3066\u306e\u76ee\u6a19\u3068\u6d3b\u52d5\u65b9\u91dd\u30fb\u6295\u7968\u65b9\u6cd5\uff1a\u30cb\u30e5\u30fc\u30b9\u52d5\u5411 &amp; \u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u72b6\u6cc1 in \u30a8\u30dd\u30c3\u30af507<\/a><\/p>\n<\/blockquote>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-sipo wp-block-embed-sipo deb-block deb-block-804a3e4\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"Pnin71xymi\"><a href=\"https:\/\/sipo.tokyo\/?p=37580\">SIPO\u306eDRep\u3068\u3057\u3066\u306e\u76ee\u6a19\u3068\u6d3b\u52d5\u65b9\u91dd\u30fb\u6295\u7968\u65b9\u6cd5\uff1a\u30cb\u30e5\u30fc\u30b9\u52d5\u5411 &amp; \u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u72b6\u6cc1 in \u30a8\u30dd\u30c3\u30af507<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;SIPO\u306eDRep\u3068\u3057\u3066\u306e\u76ee\u6a19\u3068\u6d3b\u52d5\u65b9\u91dd\u30fb\u6295\u7968\u65b9\u6cd5\uff1a\u30cb\u30e5\u30fc\u30b9\u52d5\u5411 &amp; \u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u72b6\u6cc1 in \u30a8\u30dd\u30c3\u30af507&#8221; &#8212; SIPO\" src=\"https:\/\/sipo.tokyo\/?p=37580&#038;embed=true#?secret=lDEpEfCwsP#?secret=Pnin71xymi\" data-secret=\"Pnin71xymi\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"deb-block deb-block-c2769e1\">SIPO\u306eDRep\u6295\u7968\u5c65\u6b74\uff1a<a href=\"https:\/\/sipo.tokyo\/?cat=307\">https:\/\/sipo.tokyo\/?cat=307<\/a><\/p>\n\n\n\n<p class=\"deb-block deb-block-5ee85f8\">\u30c0\u30a4\u30c0\u30ed\u30b9\u306e\u65b9\u306f\u6700\u65b0\u30d0\u30fc\u30b8\u30e7\u30f37.0.2\u3067\u59d4\u4efb\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-7afbdee\">SIPO\u306eDRep\u6d3b\u52d5\u306b\u3054\u8208\u5473\u304c\u3042\u308b\u65b9\u306f\u59d4\u4efb\u3092\u3054\u691c\u8a0e\u3044\u305f\u3060\u3051\u308c\u3070\u5e78\u3044\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-cc54486\">DRep ID:<\/p>\n\n\n\n<p class=\"deb-block deb-block-84dffb1\">drep1yffld2866p00cyg3ejjdewtvazgah7jjgk0s9m7m5ytmmdq33v3zh<\/p>\n\n\n\n<p class=\"deb-block deb-block-dae0660\">\u4e8c\u3064\u306eID\u306f\u30c0\u30a4\u30c0\u30ed\u30b9\u4ee5\u5916\u306e\u30a6\u30a9\u30ec\u30c3\u30c8\u3067\u306f\u3069\u3061\u3089\u3082\u6709\u52b9\u3067\u3059\u3002ADA\u30db\u30eb\u30c0\u30fc\u304cSIPO\u306b\u30ac\u30d0\u30ca\u30f3\u30b9\u6a29\u3092\u59d4\u4efb\u3059\u308b\u969b\u306b\u4f7f\u7528\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-47e42f5\">\u5f15\u304d\u7d9a\u304d\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3044\u305f\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<!--nextpage-->\n\n\n\n<p class=\"deb-block deb-block-03f4cde\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-c7c78d0\" id=\"e3838be383a5e383bce382b9e58b95e59091-in-e382a8e3839de38383e382af605-45\">\u30cb\u30e5\u30fc\u30b9\u52d5\u5411 in \u30a8\u30dd\u30c3\u30af605<\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large has-custom-border deb-block deb-block-4263690\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"585\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/16-1024x585.png\" alt=\"\" class=\"has-border-color has-aaaaaa-border-color wp-image-44645\" title=\"\u753b\u50cf\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/16-1024x585.png 1024w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/16-300x171.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/16-768x439.png 768w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/16-1536x878.png 1536w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/16-450x257.png 450w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/16-900x514.png 900w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/16.png 1792w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-6e22d1e\" id=\"2026e5b9b4e383bbe69a97e58fb7e8b387e794a3e5b882e5a0b4e381aee696b0e59cb0e59bb3e29480e29480etfe383bbe8a68fe588b6e383bbe5ae9fe99c80e3818c-46\">2026\u5e74\u30fb\u6697\u53f7\u8cc7\u7523\u5e02\u5834\u306e\u65b0\u5730\u56f3\u2500\u2500ETF\u30fb\u898f\u5236\u30fb\u5b9f\u9700\u304c\u66f8\u304d\u63db\u3048\u308b\u4fa1\u683c\u5f62\u6210<\/h5>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter deb-block deb-block-7058a68\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"ja\" dir=\"ltr\">\u30a8\u30dd\u30c3\u30af\u306a\u65e5\u3005\uff1a604<br><br>2026\u5e74\u30fb\u6697\u53f7\u8cc7\u7523\u5e02\u5834\u306e\u65b0\u5730\u56f3\u2500\u2500ETF\u30fb\u898f\u5236\u30fb\u5b9f\u9700\u304c\u66f8\u304d\u63db\u3048\u308b\u4fa1\u683c\u5f62\u6210<br>\ud83d\udd3d<a href=\"https:\/\/t.co\/IjSt9rZet7\">https:\/\/t.co\/IjSt9rZet7<\/a><br><br>2026\u5e74\u306e\u6697\u53f7\u5e02\u5834\u306f\u300c\u5f53\u3066\u308b\u300d\u3088\u308a\u300c\u8aad\u3080\u300d\u2500\u2500\u65b0\u5730\u56f3<br><br>\u65b0\u5e74\u3001\u660e\u3051\u307e\u3057\u3066\u304a\u3081\u3067\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u672c\u5e74\u3082\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3044\u305f\u3057\u307e\u3059\u3002\u2026<\/p>&mdash; SIPO\uff1aCARDANO SPO &amp; DRep (@SIPO_Tokyo) <a href=\"https:\/\/twitter.com\/SIPO_Tokyo\/status\/2007934705463865645?ref_src=twsrc%5Etfw\">January 4, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-d9c855c\" id=\"e7b1b3e8adb0e4bc9ae5868de5a78be58b95e381a8e69a97e58fb7e694bfe7ad96e38081e3819de38197e381a6e3808ce38399e3838de382bae382a8e383a9e5bdb1-47\">\u7c73\u8b70\u4f1a\u518d\u59cb\u52d5\u3068\u6697\u53f7\u653f\u7b56\u3001\u305d\u3057\u3066\u300c\u30d9\u30cd\u30ba\u30a8\u30e9\u5f71\u306e\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u6e96\u5099\u91d1\u300d\u5642\u304c\u5e02\u5834\u3092\u63fa\u3089\u3059<\/h5>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter deb-block deb-block-a265111\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"ja\" dir=\"ltr\">\ud83d\udca1\ud83c\uddfa\ud83c\uddf8\u7c73\u8b70\u4f1a\u518d\u59cb\u52d5\u3068\u6697\u53f7\u653f\u7b56\u3001\u305d\u3057\u3066\u300c\u30d9\u30cd\u30ba\u30a8\u30e9\u5f71\u306e\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u6e96\u5099\u91d1\u300d\u5642\u304c\u5e02\u5834\u3092\u63fa\u3089\u3059<br><br>\u7c73\u8b70\u4f1a\u304c\u672c\u683c\u7684\u306b\u518d\u59cb\u52d5\u3057\u3001\u6697\u53f7\u8cc7\u7523\u696d\u754c\u306e\u95a2\u5fc3\u306f\u4e00\u6c17\u306b\u653f\u7b56\u3068\u5730\u653f\u5b66\u3078\u5411\u304b\u3063\u3066\u3044\u308b\u3002<br><br>Crypto In America\u2026 <a href=\"https:\/\/t.co\/otwpHaRsgX\">https:\/\/t.co\/otwpHaRsgX<\/a><\/p>&mdash; SITION (@SITIONjp) <a href=\"https:\/\/twitter.com\/SITIONjp\/status\/2008335271398699385?ref_src=twsrc%5Etfw\">January 6, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-21d501c\" id=\"2026e5b9b4e38081e69a97e58fb7e8b387e794a3e381aee7abb6e4ba89e8bbb8e381afe3808ce680a7e883bde3808de3818be38289e3808ce38397e383a9e382a4-48\">2026\u5e74\u3001\u6697\u53f7\u8cc7\u7523\u306e\u7af6\u4e89\u8ef8\u306f\u300c\u6027\u80fd\u300d\u304b\u3089\u300c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u3078<\/h5>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter deb-block deb-block-2e3a387\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"ja\" dir=\"ltr\">\ud83d\udca1\ud83c\udf102026\u5e74\u3001\u6697\u53f7\u8cc7\u7523\u306e\u7af6\u4e89\u8ef8\u306f\u300c\u6027\u80fd\u300d\u304b\u3089\u300c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u3078<br><br>2026\u5e74\u306e\u6697\u53f7\u8cc7\u7523\u30c8\u30ec\u30f3\u30c9\u3068\u3057\u3066\u3001a16z crypto\u306f\u300c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u300d\u304c\u4eca\u5e74\u6700\u5927\u306e\u7af6\u4e89\u512a\u4f4d\uff08\u30e2\u30fc\u30c8\uff09\u306b\u306a\u308b\u3068\u6307\u6458\u3057\u3066\u3044\u308b\u3002<br><br>\u3053\u308c\u306f\u5358\u306a\u308b\u601d\u60f3\u8ad6\u3067\u306f\u306a\u304f\u3001\u91d1\u878d\u3084\u5b9f\u9700\u3092\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u306b\u79fb\u884c\u3055\u305b\u308b\u305f\u3081\u306e\u5fc5\u9808\u6761\u4ef6\u3060\u3002<br><br>\u2460\u2026 <a href=\"https:\/\/t.co\/r3fl2ypKDN\">https:\/\/t.co\/r3fl2ypKDN<\/a><\/p>&mdash; SITION (@SITIONjp) <a href=\"https:\/\/twitter.com\/SITIONjp\/status\/2008675149999206873?ref_src=twsrc%5Etfw\">January 6, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-6cd7e40\" id=\"e7b1b3e4b88ae999a2e38081e69a97e58fb7e8b387e794a3e3808ce5b882e5a0b4e6a78be980a0e3808de6b395e6a188e3818ce38184e38288e38184e38288e68ea1-49\">\u7c73\u4e0a\u9662\u3001\u6697\u53f7\u8cc7\u7523\u300c\u5e02\u5834\u69cb\u9020\u300d\u6cd5\u6848\u304c\u3044\u3088\u3044\u3088\u63a1\u6c7a\u6bb5\u968e\u3078<\/h5>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter deb-block deb-block-a2c6677\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"ja\" dir=\"ltr\">\ud83d\udea8\ud83c\uddfa\ud83c\uddf8\u7c73\u4e0a\u9662\u3001\u6697\u53f7\u8cc7\u7523\u300c\u5e02\u5834\u69cb\u9020\u300d\u6cd5\u6848\u304c\u3044\u3088\u3044\u3088\u63a1\u6c7a\u6bb5\u968e\u3078<br><br>\u7c73\u4e0a\u9662\u9280\u884c\u59d4\u54e1\u4f1a\u306e\u59d4\u54e1\u9577\u3067\u3042\u308b Tim Scott \u4e0a\u9662\u8b70\u54e1\u304c\u3001Breitbart News \u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u91cd\u8981\u306a\u767a\u8868\u3092\u884c\u3063\u305f\u3002<br><br>\u540c\u59d4\u54e1\u4f1a\u306f\u30011\u670815\u65e5\uff08\u6728\uff09\u306b\u300c\u5e02\u5834\u69cb\u9020\uff08Market\u2026 <a href=\"https:\/\/t.co\/95ghBoA0A4\">https:\/\/t.co\/95ghBoA0A4<\/a><\/p>&mdash; SITION (@SITIONjp) <a href=\"https:\/\/twitter.com\/SITIONjp\/status\/2008665949797490891?ref_src=twsrc%5Etfw\">January 6, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h4 class=\"wp-block-heading deb-block deb-block-5eb4963\" id=\"e382a8e3839de38383e382af605e7b582e4ba86e69982e782b9e382b9e38386e383bce382ade383b3e382b0e58b95e59091-50\">\u30a8\u30dd\u30c3\u30af605\u7d42\u4e86\u6642\u70b9\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u52d5\u5411<\/h4>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large has-custom-border deb-block deb-block-6e89b51\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"585\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/3-1024x585.png\" alt=\"\" class=\"has-border-color has-aaaaaa-border-color wp-image-44646\" title=\"\u753b\u50cf\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/3-1024x585.png 1024w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/3-300x171.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/3-768x439.png 768w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/3-1536x878.png 1536w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/3-450x257.png 450w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/3-900x514.png 900w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/01\/3.png 1792w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-d120263\" id=\"e382b9e38386e383bce382ade383b3e382b0e58b95e59091-in-e382a8e3839de38383e382af605-51\">\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u52d5\u5411 in \u30a8\u30dd\u30c3\u30af605<\/h5>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter deb-block deb-block-bb530e0\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"ja\" dir=\"ltr\">\u30a8\u30dd\u30c3\u30af606\u3067\u59d4\u4efb\u3057\u305f\u5834\u5408\u3001\u30a8\u30dd\u30c3\u30af610\u3067\u5831\u916c\u306f\u767a\u751f\u3057\u307e\u3059\u3002<br><br>\u6b21\u306e\u30a8\u30dd\u30c3\u30af\u306f\u3001<br>\u30a8\u30dd\u30c3\u30af607<br>1\u670815\u65e5\u3000\u5348\u524d6\u664244\u5206\u9803\u3000\uff5e\u30001\u670820\u65e5\u3000\u5348\u524d6\u664244\u5206\u9803<br><br>\u30ab\u30eb\u30c0\u30ce\u30a8\u30dd\u30c3\u30af<br>\ud83d\udd3d<a href=\"https:\/\/t.co\/EsyXq2qALr\">https:\/\/t.co\/EsyXq2qALr<\/a><a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\">#Cardano<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ADA?src=hash&amp;ref_src=twsrc%5Etfw\">#ADA<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/%E3%82%AB%E3%83%AB%E3%83%80%E3%83%8E?src=hash&amp;ref_src=twsrc%5Etfw\">#\u30ab\u30eb\u30c0\u30ce<\/a><br><br>2\/2 <a href=\"https:\/\/t.co\/9gEFtmgB1A\">pic.twitter.com\/9gEFtmgB1A<\/a><\/p>&mdash; SIPO\uff1aCARDANO SPO &amp; DRep (@SIPO_Tokyo) <a href=\"https:\/\/twitter.com\/SIPO_Tokyo\/status\/2009757843277373484?ref_src=twsrc%5Etfw\">January 9, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter deb-block deb-block-4e1cd03\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"ja\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/%E3%82%AB%E3%83%AB%E3%83%80%E3%83%8E?src=hash&amp;ref_src=twsrc%5Etfw\">#\u30ab\u30eb\u30c0\u30ce<\/a> \u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u72b6\u6cc11<br>\u30a8\u30dd\u30c3\u30af605\uff1a100%\u6642\u70b9<br><br>\u7dcf\u30b5\u30d7\u30e9\u30a4\uff1a\u20b337.07b<br>\u7dcf\u30b9\u30c6\u30fc\u30af\uff1a\u20b321.39b<br><br>\u7dcf\u30a6\u30a9\u30ec\u30c3\u30c8\u6570\uff1a5,734,469<br>\u7dcf\u30db\u30eb\u30c0\u30fc\uff1a3,220,824 <br>\u7dcf\u59d4\u4efb\u6570\uff1a1,349,351<br><br>\u30a2\u30af\u30c6\u30a3\u30d6\u30fb\u30d7\u30fc\u30eb\uff1a2,708<br><br>\u6642\u4fa1\u7dcf\u984d\uff1a$14.51b<br>ADA USD\uff1a$0.393\u4ed8\u8fd1<a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\">#Cardano<\/a> \u30a8\u30dd\u30c3\u30af<br>\ud83d\udd3d<a href=\"https:\/\/t.co\/EsyXq2qALr\">https:\/\/t.co\/EsyXq2qALr<\/a><\/p>&mdash; SIPO\uff1aCARDANO SPO &amp; DRep (@SIPO_Tokyo) <a href=\"https:\/\/twitter.com\/SIPO_Tokyo\/status\/2009757930439221501?ref_src=twsrc%5Etfw\">January 9, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter deb-block deb-block-a1c9359\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Epoch 605\uff1a100%<br><br>Total Supply\uff1a\u20b337.07b<br>Total Staked\uff1a\u20b321.39b<br><br>WALLETS\uff1a5,734,469<br>HOLDERS\uff1a3,220,824 <br>DELEGATORS\uff1a1,349,351<br><br>Active Pools\uff1a2,708<br><br>Market cap\uff1a$14.51b<br>ADAUSD\uff1a$0.393<br><br>SITION STAKE POOL[SIPO]<br>\ud83d\udd3d<a href=\"https:\/\/t.co\/8H9vNADK27\">https:\/\/t.co\/8H9vNADK27<\/a><a href=\"https:\/\/twitter.com\/hashtag\/ADA?src=hash&amp;ref_src=twsrc%5Etfw\">#ADA<\/a> <a href=\"https:\/\/t.co\/VZCm2Z27nf\">pic.twitter.com\/VZCm2Z27nf<\/a><\/p>&mdash; SIPO\uff1aCARDANO SPO &amp; DRep (@SIPO_Tokyo) <a href=\"https:\/\/twitter.com\/SIPO_Tokyo\/status\/2009758004581728275?ref_src=twsrc%5Etfw\">January 9, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-d517bbe\" id=\"sipoe38081sipo2e38081sipo3e382a8e3839de38383e382af605e382b9e38386e383bce382ade383b3e382b0e5a0b1e5918a-52\">SIPO\u3001SIPO2\u3001SIPO3\u30a8\u30dd\u30c3\u30af605\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u5831\u544a<\/h5>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter deb-block deb-block-00c9e4e\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"ja\" dir=\"ltr\">\u30df\u30e9\u30a4\u306e\u305f\u3081\u306e <a href=\"https:\/\/twitter.com\/hashtag\/%E3%82%AB%E3%83%AB%E3%83%80%E3%83%8E?src=hash&amp;ref_src=twsrc%5Etfw\">#\u30ab\u30eb\u30c0\u30ce<\/a> \u30b9\u30c6\u30fc\u30af\u30d7\u30fc\u30eb<br><br>\u30a8\u30dd\u30c3\u30af605\uff1a100%\u6642\u70b9<br>[SIPO]+[SIPO2]+[SIPO3]\ud83c\udf40\ud83c\uddef\ud83c\uddf5<br><br>\u30d6\u30ed\u30c3\u30af\uff1a120<br>\u7dcf\u30d6\u30ed\u30c3\u30af\u6570\uff1a41,907<br><br>\u7dcf\u30a2\u30af\u30c6\u30a3\u30d6\uff1a112.33M \u20b3<br>\u7dcf\u30e9\u30a4\u30d6\uff1a113.54M \u20b3<br><br>\u7dcf\u59d4\u4efb\u8005\u6570\uff1a2,186<br><br>\u59d4\u4efb\u3057\u3066\u3044\u305f\u3060\u304d\u8aa0\u306b\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059!\ud83d\ude4f<a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\">#Cardano<\/a><br><br>SIPO<br>\ud83d\udd3d<a href=\"https:\/\/t.co\/WJgF0ZysDi\">https:\/\/t.co\/WJgF0ZysDi<\/a>\u2026 <a href=\"https:\/\/t.co\/saNHTO8iUa\">pic.twitter.com\/saNHTO8iUa<\/a><\/p>&mdash; SIPO\uff1aCARDANO SPO &amp; DRep (@SIPO_Tokyo) <a href=\"https:\/\/twitter.com\/SIPO_Tokyo\/status\/2009758105874379236?ref_src=twsrc%5Etfw\">January 9, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-3199b11\" id=\"sipoe382a8e3839de38383e382af605e382b9e38386e383bce382ade383b3e382b0e5a0b1e5918a-53\">SIPO\u30a8\u30dd\u30c3\u30af605\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u5831\u544a<\/h5>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter deb-block deb-block-ac4524d\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"ja\" dir=\"ltr\">\u30df\u30e9\u30a4\u306e\u305f\u3081\u306e <a href=\"https:\/\/twitter.com\/hashtag\/%E3%82%AB%E3%83%AB%E3%83%80%E3%83%8E?src=hash&amp;ref_src=twsrc%5Etfw\">#\u30ab\u30eb\u30c0\u30ce<\/a> \u30b9\u30c6\u30fc\u30af\u30d7\u30fc\u30eb<br><br>[SIPO]\ud83c\udf40\ud83c\uddef\ud83c\uddf5<br><br>\u30a8\u30dd\u30c3\u30af605\uff1a100%\u6642\u70b9<br><br>\u30a8\u30dd\u30c3\u30af\u30d6\u30ed\u30c3\u30af\uff1a51<br>\u30c8\u30fc\u30bf\u30eb\u30d6\u30ed\u30c3\u30af\uff1a17,773<br><br>\u6709\u52b9\u30b9\u30c6\u30fc\u30af\uff1a45.35M \u20b3<br>\u30e9\u30a4\u30d6\u30b9\u30c6\u30fc\u30af\uff1a45.32M \u20b3<br><br>\u59d4\u54e1\u8005\u6570\uff1a1,136<br><br>\u30de\u30fc\u30b8\u30f3\uff1a2.5%<br>\u56fa\u5b9a\u8cbb\uff1a340 \u20b3<br>\u4fdd\u8a3c\u91d1\uff1a50.0k\u2026 <a href=\"https:\/\/t.co\/9vQ18KjMbU\">pic.twitter.com\/9vQ18KjMbU<\/a><\/p>&mdash; SIPO\uff1aCARDANO SPO &amp; DRep (@SIPO_Tokyo) <a href=\"https:\/\/twitter.com\/SIPO_Tokyo\/status\/2009758184324616583?ref_src=twsrc%5Etfw\">January 9, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-3a9a1f5\" id=\"sipo2e382a8e3839de38383e382af605e382b9e38386e383bce382ade383b3e382b0e5a0b1e5918a-54\">SIPO2\u30a8\u30dd\u30c3\u30af605\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u5831\u544a<\/h5>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter deb-block deb-block-edb04d3\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"ja\" dir=\"ltr\">\u30df\u30e9\u30a4\u306e\u305f\u3081\u306e <a href=\"https:\/\/twitter.com\/hashtag\/%E3%82%AB%E3%83%AB%E3%83%80%E3%83%8E?src=hash&amp;ref_src=twsrc%5Etfw\">#\u30ab\u30eb\u30c0\u30ce<\/a> \u30b9\u30c6\u30fc\u30af\u30d7\u30fc\u30eb<br><br>[SIPO2]\ud83c\udf40\ud83c\uddef\ud83c\uddf5<br><br>\u30a8\u30dd\u30c3\u30af605\uff1a100%\u6642\u70b9<br><br>\u30a8\u30dd\u30c3\u30af\u30d6\u30ed\u30c3\u30af\uff1a37<br>\u30c8\u30fc\u30bf\u30eb\u30d6\u30ed\u30c3\u30af: 13,467<br><br>\u6709\u52b9\u30b9\u30c6\u30fc\u30af\uff1a35.91M \u20b3<br>\u30e9\u30a4\u30d6\u30b9\u30c6\u30fc\u30af\uff1a35.92M \u20b3<br><br>\u59d4\u54e1\u8005\u6570\uff1a480<br><br>\u30de\u30fc\u30b8\u30f3\uff1a2.5%<br>\u56fa\u5b9a\u8cbb\uff1a340 \u20b3<br>\u4fdd\u8a3c\u91d1\uff1a50.0k\u2026 <a href=\"https:\/\/t.co\/D2xEZGxQWh\">pic.twitter.com\/D2xEZGxQWh<\/a><\/p>&mdash; SIPO\uff1aCARDANO SPO &amp; DRep (@SIPO_Tokyo) <a href=\"https:\/\/twitter.com\/SIPO_Tokyo\/status\/2009758270555308318?ref_src=twsrc%5Etfw\">January 9, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h5 class=\"wp-block-heading deb-block deb-block-684cf06\" id=\"sipo3e382a8e3839de38383e382af605e382b9e38386e383bce382ade383b3e382b0e5a0b1e5918a-55\">SIPO3\u30a8\u30dd\u30c3\u30af605\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u5831\u544a<\/h5>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter deb-block deb-block-338bd36\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"ja\" dir=\"ltr\">\u30df\u30e9\u30a4\u306e\u305f\u3081\u306e <a href=\"https:\/\/twitter.com\/hashtag\/%E3%82%AB%E3%83%AB%E3%83%80%E3%83%8E?src=hash&amp;ref_src=twsrc%5Etfw\">#\u30ab\u30eb\u30c0\u30ce<\/a> \u30b9\u30c6\u30fc\u30af\u30d7\u30fc\u30eb<br><br>[SIPO3]\ud83c\udf40\ud83c\uddef\ud83c\uddf5<br><br>\u30a8\u30dd\u30c3\u30af605\uff1a100%\u6642\u70b9<br><br>\u30a8\u30dd\u30c3\u30af\u30d6\u30ed\u30c3\u30af\uff1a32<br>\u30c8\u30fc\u30bf\u30eb\u30d6\u30ed\u30c3\u30af\uff1a10,667<br><br>\u6709\u52b9\u30b9\u30c6\u30fc\u30af\uff1a31.08M \u20b3<br>\u30e9\u30a4\u30d6\u30b9\u30c6\u30fc\u30af\uff1a31.29M \u20b3<br><br>\u59d4\u54e1\u8005\u6570\uff1a570<br><br>\u30de\u30fc\u30b8\u30f3\uff1a2.5%<br>\u56fa\u5b9a\u8cbb\uff1a340 \u20b3<br>\u4fdd\u8a3c\u91d1\uff1a50.0k\u2026 <a href=\"https:\/\/t.co\/zn6gpnJci6\">pic.twitter.com\/zn6gpnJci6<\/a><\/p>&mdash; SIPO\uff1aCARDANO SPO &amp; DRep (@SIPO_Tokyo) <a href=\"https:\/\/twitter.com\/SIPO_Tokyo\/status\/2009758342605054091?ref_src=twsrc%5Etfw\">January 9, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"2026\u5e74\u3001\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u304c\u6697\u53f7\u8cc7\u7523\u306e\u201c\u672c\u547d\u30a4\u30f3\u30d5\u30e9\u201d\u306b\u306a\u308b\u7406\u7531\u2500\u2500\u2500\u2500Midnight\u304c\u72d9\u3046Rational Privacy\u3068\u306f \u5e8f\u7ae0\uff1a2025\u5e74\u3001\u5e02\u5834\u306f\u3059\u3067\u306b\u201c\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u201d\u3092\u9078\u3073\u59cb\u3081 2026\u5e74\u306b\u5411\u3051\u3066\u3001\u6697\u53f7\u8cc7\u7523\u5e02\u5834\u306e\u7af6\u4e89\u8ef8\u304c\u5927\u304d\u304f\u5909\u308f\u308a\u3064\u3064\u3042\u308a\u307e\u3059\u3002 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