{"id":45901,"date":"2026-05-20T11:07:40","date_gmt":"2026-05-20T02:07:40","guid":{"rendered":"https:\/\/sipo.tokyo\/?p=45901"},"modified":"2026-05-20T11:07:40","modified_gmt":"2026-05-20T02:07:40","slug":"post-45901","status":"publish","type":"post","link":"https:\/\/sipo.tokyo\/?p=45901","title":{"rendered":"Midnight \u304c universal layer \u306b\u306a\u308a\u3001Cardano Card \u304c\u65e5\u672c\u306b\u5c4a\u3044\u305f\u2500\u2500\u65b0\u79e9\u5e8f\u306e\u5e02\u5834\u964d\u308a\u7acb\u3061\u3068 Warsh \u5c31\u4efb\u304c\u4ea4\u5dee\u3057\u305f5\u65e5\u9593\uff1a\u30a8\u30dd\u30c3\u30af631"},"content":{"rendered":"\n<p class=\"deb-block deb-block-f40c726\"><strong>\u30a8\u30dd\u30c3\u30af\u306a\u65e5\u3005\uff1a631<\/strong>\uff082026\u5e745\u670815\u65e5 \u5348\u524d6\u664244\u5206\u9803 \u301c 5\u670820\u65e5 \u5348\u524d6\u664244\u5206\u9803\uff09<\/p>\n\n\n\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=\"#e5ba8fe7aba0efbc9ae5ae9fe8a385e3818ce5b882e5a0b4e381b8e9998de3828ae7ab8be381a1e38081e697a7e7a7a9e5ba8fe3818ce7b584e381bfe69bbfe3828f-1\">\u5e8f\u7ae0\uff1a\u5b9f\u88c5\u304c\u5e02\u5834\u3078\u964d\u308a\u7acb\u3061\u3001\u65e7\u79e9\u5e8f\u304c\u7d44\u307f\u66ff\u308f\u3063\u305f5\u65e5\u9593<\/a><\/li><li><a href=\"#e7acac1e7aba0efbc9acardano-e3818c-midnight-e8bbb8e381abe6ada3e5bc8f-pivot-e38197e3819f-2\">\u7b2c1\u7ae0\uff1aCardano \u304c Midnight \u8ef8\u306b\u6b63\u5f0f pivot \u3057\u305f<\/a><ul><li><a href=\"#1-1-e3808cthe-answer-is-midnight-e3808de3818ce7a4bae38197e3819fe8bbb8e8bba2e68f9b-3\">1.1 \u300cThe answer is Midnight.\u300d\u304c\u793a\u3057\u305f\u8ef8\u8ee2\u63db<\/a><\/li><li><a href=\"#1-2-ecosystem-fund-e3818ce3808creal-businessese3808de381b8e59091e3818be381a3e3819f-4\">1.2 Ecosystem Fund \u304c\u300creal businesses\u300d\u3078\u5411\u304b\u3063\u305f<\/a><\/li><li><a href=\"#1-3-midnight-city-e381a8-agent-1e58886e58f96e5bc95-5\">1.3 Midnight City \u3068 agent 1\u5206\u53d6\u5f15<\/a><\/li><\/ul><\/li><li><a href=\"#e7acac2e7aba0efbc9acardano-card-e697a5e69cace4b88ae999b8e29480e29480e69a97e58fb7e8b387e794a3e3818ce697a5e69cace697a5e5b8b8e6b1bae6b888-6\">\u7b2c2\u7ae0\uff1aCardano Card \u65e5\u672c\u4e0a\u9678\u2500\u2500\u6697\u53f7\u8cc7\u7523\u304c\u65e5\u672c\u65e5\u5e38\u6c7a\u6e08\u306b\u5c4a\u304f\u5165\u53e3<\/a><ul><li><a href=\"#2-1-emurgoe383bbsecondfie383bbslash-e381aee4b889e7a4bee58d94e6a5ad-7\">2.1 EMURGO\u30fbSecondFi\u30fbSlash \u306e\u4e09\u793e\u5354\u696d<\/a><\/li><li><a href=\"#2-2-fsa-e5a496e59bbde382b9e38386e383bce38396e383abe382b3e382a4e383b3e79c81e4bba4-e588b6e5baa6e79a84e585a5e58fa3e381aee695b4-8\">2.2 FSA \u5916\u56fd\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u7701\u4ee4\u2014\u2014\u5236\u5ea6\u7684\u5165\u53e3\u306e\u6574\u5099<\/a><\/li><li><a href=\"#2-3-e69a97e58fb7e8b387e794a3e3818ce697a5e69cace697a5e5b8b8e6b1bae6b888e381aee585a5e58fa3e381abe7ab8be381a4e6848fe591b3-9\">2.3 \u6697\u53f7\u8cc7\u7523\u304c\u65e5\u672c\u65e5\u5e38\u6c7a\u6e08\u306e\u5165\u53e3\u306b\u7acb\u3064\u610f\u5473<\/a><\/li><\/ul><\/li><li><a href=\"#e7acac3e7aba0efbc9acardano-e3818c-btc-defi-e6b581e58b95e680a7e381abe68ea5e7b69ae38199e3828be8a8ade8a888-10\">\u7b2c3\u7ae0\uff1aCardano \u304c BTC DeFi \u6d41\u52d5\u6027\u306b\u63a5\u7d9a\u3059\u308b\u8a2d\u8a08<\/a><ul><li><a href=\"#3-1-wanchain-e3818c-cardano-e381ae-btc-e68ea5e7b69ae7b58ce8b7afe38292e5ba83e38192e3819f-11\">3.1 Wanchain \u304c Cardano \u306e BTC \u63a5\u7d9a\u7d4c\u8def\u3092\u5e83\u3052\u305f<\/a><\/li><li><a href=\"#3-2-fluidtokens-atomic-swap-e5ae9fe7b8bee381a8-bridge-security-e8a8ade8a888-12\">3.2 FluidTokens\u2014\u2014atomic swap \u5b9f\u7e3e\u3068 bridge security \u8a2d\u8a08<\/a><\/li><li><a href=\"#3-3-btc-defi-e6b581e58b95e680a7e381b8e381aee68ea5e7b69ae3818ce3808ce8a8ade8a888e383ace38399e383abe3808de381a7e68f83e381a3e3819f-13\">3.3 BTC DeFi \u6d41\u52d5\u6027\u3078\u306e\u63a5\u7d9a\u304c\u300c\u8a2d\u8a08\u30ec\u30d9\u30eb\u300d\u3067\u63c3\u3063\u305f<\/a><\/li><\/ul><\/li><li><a href=\"#e7acac4e7aba0efbc9acardano-e5ae9fe8a18ce5b1a4e381a8-governancee29480e29480mainnet-e7a7bbe8a18ce381a8-treasury-e887aae6b2bb-14\">\u7b2c4\u7ae0\uff1aCardano \u5b9f\u884c\u5c64\u3068 governance\u2500\u2500mainnet \u79fb\u884c\u3068 Treasury \u81ea\u6cbb<\/a><ul><li><a href=\"#4-1-mainnet-e3838fe383bce38389e38395e382a9e383bce382afe7a7bbe8a18ce3818ce3808ce78fbee5ae9fe381aee4bd9ce6a5ade3808de6aeb5e99a8ee381b8-15\">4.1 mainnet \u30cf\u30fc\u30c9\u30d5\u30a9\u30fc\u30af\u79fb\u884c\u304c\u300c\u73fe\u5b9f\u306e\u4f5c\u696d\u300d\u6bb5\u968e\u3078<\/a><\/li><li><a href=\"#4-2-cardano-budget-process-e3818ce3808ce6a49ce8a8bce58fafe883bde381aae7b484e69d9fe3808de381aee5a0b4e381b8-16\">4.2 Cardano Budget Process \u304c\u300c\u691c\u8a3c\u53ef\u80fd\u306a\u7d04\u675f\u300d\u306e\u5834\u3078<\/a><\/li><li><a href=\"#4-3-builder-dao-round-2-e381a8-drep-voting-e381aee588a4e696ade7aa93-17\">4.3 Builder DAO Round 2 \u3068 DRep voting \u306e\u5224\u65ad\u7a93<\/a><\/li><\/ul><\/li><li><a href=\"#e7acac5e7aba0efbc9ae697a7e7a7a9e5ba8fe381aee4babae4ba8be4baa4e4bba3e381a8-ai-e381ae-geopolitical-e58c96-18\">\u7b2c5\u7ae0\uff1a\u65e7\u79e9\u5e8f\u306e\u4eba\u4e8b\u4ea4\u4ee3\u3068 AI \u306e geopolitical \u5316<\/a><ul><li><a href=\"#5-1-e4b8ade5a4aee98a80e8a18ce6a78be980a0e381aee7b584e381bfe69bbfe38188-warsh-e8adb0e995b7e5b0b1e4bbbbe381a8-powell-e381aee79086-19\">5.1 \u4e2d\u592e\u9280\u884c\u69cb\u9020\u306e\u7d44\u307f\u66ff\u3048\u2014\u2014Warsh \u8b70\u9577\u5c31\u4efb\u3068 Powell \u306e\u7406\u4e8b\u7d9a\u6295<\/a><\/li><li><a href=\"#5-2-e7ab8be6b395e381a8e59cb0e694bfe5ada6e3818ce3808ce7b590e69e9ce587bae38197e3808de6aeb5e99a8ee381b8-20\">5.2 \u7acb\u6cd5\u3068\u5730\u653f\u5b66\u304c\u300c\u7d50\u679c\u51fa\u3057\u300d\u6bb5\u968e\u3078<\/a><\/li><li><a href=\"#5-3-ai-e3818c-geopolitical-actor-e381a8e38197e381a6e4b8a6e381b6-21\">5.3 AI \u304c geopolitical actor \u3068\u3057\u3066\u4e26\u3076<\/a><\/li><\/ul><\/li><li><a href=\"#e7acac6e7aba0efbc9asipo-e8a696e5baa7e381a8e382b9e38386e383bce382ade383b3e382b0e58b95e59091-22\">\u7b2c6\u7ae0\uff1aSIPO \u8996\u5ea7\u3068\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u52d5\u5411<\/a><ul><li><a href=\"#6-1-sipo-drep-e381aee588a4e696ade7aa93e381a8-cardano-governance-e58f82e58aa0-23\">6.1 SIPO DRep \u306e\u5224\u65ad\u7a93\u3068 Cardano governance \u53c2\u52a0<\/a><\/li><li><a href=\"#6-2-sipo-e381aee8a6b3e5af9fe88085e3839de382b8e382b7e383a7e383b3-3e382a2e382abe382a6e383b3e38388e980a3e58b95-24\">6.2 SIPO \u306e\u89b3\u5bdf\u8005\u30dd\u30b8\u30b7\u30e7\u30f3\u2014\u20143\u30a2\u30ab\u30a6\u30f3\u30c8\u9023\u52d5<\/a><\/li><li><a href=\"#6-3-e382b9e38386e383bce382ade383b3e382b0e58b95e59091efbc88e69cace697a5e69c9de381ae8e38384e382a4e383bce38388e382b9e383ace38383e38389-25\">6.3 \u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u52d5\u5411\uff08\u672c\u65e5\u671d\u306e8\u30c4\u30a4\u30fc\u30c8\u30b9\u30ec\u30c3\u30c9\u53c2\u7167\uff09<\/a><\/li><\/ul><\/li><li><a href=\"#e7b582e7aba0efbc9ae382a8e3839de38383e382af-632-e381b8e381aee5b195e69c9b-26\">\u7d42\u7ae0\uff1a\u30a8\u30dd\u30c3\u30af 632 \u3078\u306e\u5c55\u671b<\/a><\/li><\/ul><\/div><h2 class=\"wp-block-heading deb-block deb-block-5f7bac3\" id=\"e5ba8fe7aba0efbc9ae5ae9fe8a385e3818ce5b882e5a0b4e381b8e9998de3828ae7ab8be381a1e38081e697a7e7a7a9e5ba8fe3818ce7b584e381bfe69bbfe3828f-1\">\u5e8f\u7ae0\uff1a\u5b9f\u88c5\u304c\u5e02\u5834\u3078\u964d\u308a\u7acb\u3061\u3001\u65e7\u79e9\u5e8f\u304c\u7d44\u307f\u66ff\u308f\u3063\u305f5\u65e5\u9593<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large has-custom-border deb-block deb-block-7294c86\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"585\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/4-3-1024x585.png\" alt=\"\" class=\"has-border-color has-aaaaaa-border-color wp-image-45906\" title=\"\u753b\u50cf\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/4-3-1024x585.png 1024w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/4-3-300x171.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/4-3-768x439.png 768w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/4-3-1536x878.png 1536w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/4-3-450x257.png 450w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/4-3-900x514.png 900w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/4-3.png 1792w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"deb-block deb-block-ca100dc\">\u300c<strong>The answer is Midnight.<\/strong>\u300d\u2014\u20145\u670815\u65e5\u3001IOG \u516c\u5f0f\u30a2\u30ab\u30a6\u30f3\u30c8\u304c\u6d41\u3057\u305f\u3053\u306e\u4e00\u6587\u306f\u3001\u30a8\u30dd\u30c3\u30af631\u306e5\u65e5\u9593\u3092\u8cab\u304f\u8ef8\u306b\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-1e34543\">\u666e\u6bb5\u306f Ouroboros Leios\u30fbHydra\u30fbHydrozoa \u3068\u3044\u3063\u305f scaling \u6587\u8108\u3067\u8a9e\u3089\u308c\u3066\u304d\u305f Cardano \u304c\u3001<strong>privacy infrastructure \u3092 universal layer \u3068\u3057\u3066\u524d\u9762\u306b\u62bc\u3057\u51fa\u3059<\/strong>\u2014\u2014\u8ef8\u8ee2\u63db\u306e\u5ba3\u8a00\u3067\u3059\u3002\u305d\u308c\u306f\u6982\u5ff5\u3067\u6b62\u307e\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u671f\u9593\u4e2d\u306b <strong>Midnight Ecosystem Fund \u304c\u300creal businesses \u304c privacy infrastructure \u3067\u65b0\u5e02\u5834\u3092\u958b\u304f\u300d\u8cc7\u91d1\u3068\u3057\u3066\u6b63\u5f0f\u59cb\u52d5<\/strong>\uff085\u670819\u65e5\u3001IOG\uff09\u3057\u3001<strong>Midnight City \u3067\u300c\u81ea\u5206\u306e agent \u3092\u6301\u3061\u8fbc\u3093\u30671\u5206\u4ee5\u5185\u306b\u30c8\u30e9\u30f3\u30b6\u30af\u30b7\u30e7\u30f3\u3092\u59cb\u3081\u3089\u308c\u308b\u300d\u8a2d\u8a08<\/strong>\u304c\u793a\u3055\u308c\u307e\u3057\u305f\uff085\u670820\u65e5\u671d\u3001IOG\uff09\u2014\u2014\u8ef8\u8ee2\u63db\u306f\u3001\u6982\u5ff5\u306e\u5ba3\u8a00\u304b\u3089\u904b\u7528\u8a2d\u8a08\u306e\u63d0\u793a\u3078\u3068\u9032\u307f\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-73e5df6\">\u3057\u304b\u3057\u3001\u3053\u306e5\u65e5\u9593\u306b\u5e02\u5834\u3078\u964d\u308a\u305f\u306e\u306f Midnight \u3060\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<strong>EMURGO\u30fbSecondFi\u30fbSlash \u306e\u4e09\u793e\u5354\u696d\u306b\u3088\u308b Cardano Card \u65e5\u672c\u4e0a\u9678<\/strong>\u304c Cardano Foundation \u516c\u5f0f\u30a2\u30ca\u30a6\u30f3\u30b9\u3078\u9032\u307f\uff085\u670819\u65e5\uff09\u3001<strong>Wanchain \u3092\u901a\u3058\u305f Cardano-Bitcoin \u63a5\u7d9a\u7d4c\u8def<\/strong>\u304c\u6539\u3081\u3066\u6ce8\u76ee\u3055\u308c\u3001<strong>FluidTokens \u306e BTC \u30d6\u30ea\u30c3\u30b8\u5b89\u5168\u6027\u8a2d\u8a08<\/strong>\u3068 <strong>BTC Karma \u306e mainnet \u6e96\u5099<\/strong>\u304c\u516c\u958b\u3055\u308c\u307e\u3057\u305f\uff085\u670819\u65e5\uff09\u3002Cardano \u304c <strong>privacy\u30fb\u65e5\u672c\u65e5\u5e38\u6c7a\u6e08\u30fbBTC DeFi \u6d41\u52d5\u6027<\/strong> \u3078\u540c\u6642\u306b\u63a5\u7d9a\u3059\u308b\u4f4d\u76f8\u304c\u30015\u65e5\u9593\u306e\u3042\u3044\u3060\u306b\u63c3\u3063\u305f\u5f62\u3067\u3059\u3002\u30a8\u30dd\u30c3\u30af630\u3067\u300c\u52d5\u304f\u30b3\u30fc\u30c9\u300d\u6bb5\u968e\u306b\u8e0f\u307f\u51fa\u3057\u305f\u5b9f\u88c5\u5c64\u304c\u3001\u30a8\u30dd\u30c3\u30af631\u3067\u306f <strong>\u5e02\u5834\u30fb\u30e6\u30fc\u30b6\u30fc\u30fb\u8cc7\u7523\u30fb\u5730\u57df<\/strong> \u3068\u3044\u3046\u5177\u4f53\u7684\u306a\u5834\u6240\u306b\u964d\u308a\u7acb\u3061\u59cb\u3081\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-ecb3c4b\">\u4e00\u65b9\u306e\u5074\u3067\u65b0\u79e9\u5e8f\u304c\u5e02\u5834\u306b\u964d\u308a\u7acb\u3063\u305f\u540c\u30585\u65e5\u9593\u3001\u3082\u3046\u4e00\u65b9\u306e\u5074\u3067\u306f\u65e7\u79e9\u5e8f\u304c<strong>\u6700\u7d42\u8a8d\u8a3c\u306e\u5b8c\u4e86\u304b\u3089\u4eba\u4e8b\u4ea4\u4ee3\u3092\u4f34\u3046\u518d\u7de8\u30d5\u30a7\u30fc\u30ba\u3078<\/strong>\u5165\u308a\u307e\u3057\u305f\u3002<strong>Kevin Warsh \u6c0f\u304c FRB \u8b70\u9577\u306b\u5c31\u4efb\u3001Powell \u8b70\u9577\u304c\u9000\u4efb\u3092\u8868\u660e\u3001Miran \u6c0f\u304c\u5f8c\u4efb\u5ba3\u8a93\u306b\u5408\u308f\u305b\u305f Fed \u7406\u4e8b\u8f9e\u4efb\u3092\u63d0\u51fa<\/strong>\uff085\u670815\u301c16\u65e5\uff09\u3001<strong>CLARITY Act \u304c\u672c\u4f1a\u8b70\u5be9\u8b70\u5165\u308a<\/strong>\u3057\u3001<strong>Trump \u5927\u7d71\u9818\u306e\u5317\u4eac closeout \u3067 12 CEO \u306e\u5546\u696d\u5916\u4ea4\u5408\u610f<\/strong>\u304c\u767a\u8868\u3055\u308c\u307e\u3057\u305f\uff085\u670815\u301c16\u65e5\uff09\u3002\u65e5\u672c\u5074\u3067\u306f <strong>FSA \u304c\u5916\u56fd\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u7701\u4ee4<\/strong>\u3092\u767a\u51fa\u3057\u307e\u3057\u305f\uff085\u670819\u65e5\uff09\u3002AI \u5074\u3067\u3082 <strong>Anthropic \u304c US-China 2028 AI \u7af6\u4e89 paper \u3092 Trump-Xi \u5317\u4eac\u30b5\u30df\u30c3\u30c8\u3068\u540c\u3058\u30bf\u30a4\u30e0\u30e9\u30a4\u30f3\u3067\u516c\u958b<\/strong>\u3057\u3001<strong>OpenClaw \/ NVIDIA NemoClaw \u6587\u8108\u3067 agentic shift \u304c\u524d\u9762\u5316<\/strong>\u3057\u3001<strong>OpenAI ChatGPT Personal Finance \u304c Plaid \u7d4c\u7531\u3067\u91d1\u878d\u6a5f\u95a2\u63a5\u7d9a\u3092\u5e83\u3052<\/strong>\u3001<strong>Figure \u304c Helix 02 day 2 \u3092\u7a3c\u50cd<\/strong>\u2014\u2014AI \u304c geopolitical actor \u3068\u3057\u3066\u52d5\u304d\u59cb\u3081\u305f5\u65e5\u9593\u3067\u3082\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-2356548\">\u65b0\u79e9\u5e8f\u304c<strong>\u5b9f\u88c5\u3092\u5e02\u5834\u306b\u964d\u308a\u7acb\u305f\u305b\u305f<\/strong>\u5074\u3068\u3001\u65e7\u79e9\u5e8f\u304c<strong>\u4eba\u4e8b\u4ea4\u4ee3\u3092\u4f34\u3046\u518d\u7de8\u306b\u5165\u3063\u305f<\/strong>\u5074\u2014\u2014\u4e8c\u3064\u306e\u52d5\u304d\u304c\u540c\u30585\u65e5\u9593\u306b\u4ea4\u5dee\u3057\u305f\u610f\u5473\u3092\u3001\u672c\u8a18\u4e8b\u306f\u8aad\u307f\u89e3\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-bd8622c\">\u25b6 \u30a8\u30dd\u30c3\u30af630\u632f\u308a\u8fd4\u308a\uff1a<a href=\"https:\/\/sipo.tokyo\/?p=45878\">https:\/\/sipo.tokyo\/?p=45878<\/a><br> \u25b6 \u672c\u65e5\u671d\u306e\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u72b6\u6cc1\u30b9\u30ec\u30c3\u30c9\uff1a<a href=\"https:\/\/x.com\/SIPO_Tokyo\/status\/2056857880423444584\">https:\/\/x.com\/SIPO_Tokyo\/status\/2056857880423444584<\/a><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-sipo wp-block-embed-sipo deb-block deb-block-d07d330\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"Nv5gD1uE7q\"><a href=\"https:\/\/sipo.tokyo\/?p=45878\">\u4e8c\u3064\u306e\u79e9\u5e8f\u304c\u4ea4\u5dee\u3057\u305f\u2500\u2500\u65e7\u79e9\u5e8f\u306e\u6700\u7d42\u8a8d\u8a3c\u3068 Leios\u30fbVan Rossem\u30fbMidnight DID \u304c\u52d5\u3044\u305f\uff1a\u30a8\u30dd\u30c3\u30af630<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;\u4e8c\u3064\u306e\u79e9\u5e8f\u304c\u4ea4\u5dee\u3057\u305f\u2500\u2500\u65e7\u79e9\u5e8f\u306e\u6700\u7d42\u8a8d\u8a3c\u3068 Leios\u30fbVan Rossem\u30fbMidnight DID \u304c\u52d5\u3044\u305f\uff1a\u30a8\u30dd\u30c3\u30af630&#8221; &#8212; SIPO\" src=\"https:\/\/sipo.tokyo\/?p=45878&#038;embed=true#?secret=DTFepSLgQX#?secret=Nv5gD1uE7q\" data-secret=\"Nv5gD1uE7q\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity deb-block deb-block-3e2f484\"\/>\n\n\n\n<h2 class=\"wp-block-heading deb-block deb-block-c0a4d39\" id=\"e7acac1e7aba0efbc9acardano-e3818c-midnight-e8bbb8e381abe6ada3e5bc8f-pivot-e38197e3819f-2\">\u7b2c1\u7ae0\uff1aCardano \u304c Midnight \u8ef8\u306b\u6b63\u5f0f pivot \u3057\u305f<\/h2>\n\n\n\n<p class=\"deb-block deb-block-932d1f1\">\u30a8\u30dd\u30c3\u30af631\u306f\u3001IOG \u516c\u5f0f\u306e\u300c<strong>The answer is Midnight.<\/strong>\u300d\u3068\u3044\u3046\u77ed\u3044\u4e00\u6587\u304b\u3089\u59cb\u307e\u308a\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u5358\u306a\u308b\u30d7\u30ed\u30e2\u30fc\u30b7\u30e7\u30f3\u3067\u306f\u306a\u304f\u3001Cardano \u304c\u6b21\u306b\u4f55\u3092\u524d\u9762\u3078\u51fa\u3059\u306e\u304b\u3092\u793a\u3059\u7de8\u96c6\u70b9\u3067\u3057\u305f\u3002\u30a8\u30dd\u30c3\u30af630\u3067 Ouroboros Leios \u306e working demo \u304c\u300c\u52d5\u304f\u30b3\u30fc\u30c9\u300d\u3068\u3057\u3066\u78ba\u8a8d\u3055\u308c\u305f\u76f4\u5f8c\u3001\u30a8\u30dd\u30c3\u30af631\u3067\u306f\u305d\u306e\u8996\u7dda\u304c\u3001\u30b9\u30b1\u30fc\u30ea\u30f3\u30b0\u306e\u5185\u5074\u304b\u3089 <strong>privacy infrastructure \u3092 universal layer \u3068\u3057\u3066\u5e02\u5834\u306b\u5c4a\u3051\u308b<\/strong>\u65b9\u5411\u3078\u79fb\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-74d462e\" id=\"1-1-e3808cthe-answer-is-midnight-e3808de3818ce7a4bae38197e3819fe8bbb8e8bba2e68f9b-3\">1.1 \u300cThe answer is Midnight.\u300d\u304c\u793a\u3057\u305f\u8ef8\u8ee2\u63db<\/h3>\n\n\n\n<p class=\"deb-block deb-block-811d7cd\">5\u670815\u65e5\u3001IOG \u516c\u5f0f\u30a2\u30ab\u30a6\u30f3\u30c8\u306f\u300cThe answer is Midnight.\u300d\u3068\u767a\u4fe1\u3057\u3001Midnight Network \u516c\u5f0f\u3082\u540c\u3058\u30e1\u30c3\u30bb\u30fc\u30b8\u3092\u91cd\u306d\u307e\u3057\u305f\u3002\u540c\u3058\u30bf\u30a4\u30df\u30f3\u30b0\u3067 Charles Hoskinson \u6c0f\u306e Miami Consensus \u30ad\u30fc\u30ce\u30fc\u30c8\u3082\u516c\u958b\u3055\u308c\u3001Cardano \u306e\u8a9e\u308a\u306f\u3001Leios \u3084 Hydra\u3001Hydrozoa \u306b\u4ee3\u8868\u3055\u308c\u308b scaling \u6587\u8108\u3060\u3051\u3067\u306f\u53ce\u307e\u308a\u304d\u3089\u306a\u3044\u6bb5\u968e\u3078\u5165\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-c1ca985\">\u91cd\u8981\u306a\u306e\u306f\u3001Leios \u304b\u3089 Midnight \u3078\u95a2\u5fc3\u304c\u79fb\u3063\u305f\u3068\u3044\u3046\u5358\u7d14\u306a\u8a71\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3080\u3057\u308d\u3001Leios \u304c\u300cCardano \u306f\u307e\u3060\u52d5\u304b\u306a\u3044\u300d\u3068\u3044\u3046\u53e4\u3044\u6279\u5224\u306b\u5b9f\u88c5\u3067\u7b54\u3048\u305f\u3042\u3068\u3001\u6b21\u306b\u554f\u308f\u308c\u308b\u306e\u306f\u300c\u305d\u306e\u5b9f\u88c5\u304c\u4f55\u3092\u53ef\u80fd\u306b\u3059\u308b\u306e\u304b\u300d\u3067\u3057\u305f\u3002\u30a8\u30dd\u30c3\u30af631\u3067\u306f\u3001\u305d\u306e\u7b54\u3048\u3068\u3057\u3066 Midnight \u304c\u524d\u9762\u306b\u51fa\u307e\u3057\u305f\u3002privacy \u3092\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u306e\u8ffd\u52a0\u6a5f\u80fd\u3067\u306f\u306a\u304f\u3001\u4f01\u696d\u30fb\u30e6\u30fc\u30b6\u30fc\u30fbagent\u30fb\u30af\u30ed\u30b9\u30c1\u30a7\u30fc\u30f3\u53d6\u5f15\u3092\u652f\u3048\u308b\u57fa\u76e4\u3068\u3057\u3066\u6271\u3046\u65b9\u5411\u3078\u306e pivot \u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-13fb249\" id=\"1-2-ecosystem-fund-e3818ce3808creal-businessese3808de381b8e59091e3818be381a3e3819f-4\">1.2 Ecosystem Fund \u304c\u300creal businesses\u300d\u3078\u5411\u304b\u3063\u305f<\/h3>\n\n\n\n<p class=\"deb-block deb-block-0a3dbcf\">5\u670819\u65e5\u3001Midnight Ecosystem Fund \u306f\u3001privacy infrastructure \u3092\u4f7f\u3063\u3066 real businesses \u304c new markets \u3092\u958b\u304f\u305f\u3081\u306e\u8cc7\u91d1\u3068\u3057\u3066\u4f4d\u7f6e\u3065\u3051\u3089\u308c\u307e\u3057\u305f\u3002\u3053\u3053\u3067\u91cd\u8981\u306a\u306e\u306f\u3001\u52a9\u6210\u306e\u5bfe\u8c61\u304c\u5358\u306a\u308b\u7814\u7a76\u30fb\u6982\u5ff5\u5b9f\u8a3c\u3067\u306f\u306a\u304f\u3001\u5b9f\u969b\u306e\u4e8b\u696d\u3068\u5e02\u5834\u5f62\u6210\u3078\u5411\u3051\u3089\u308c\u305f\u3053\u3068\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-20b728b\">Midnight Network \u516c\u5f0f\u3082\u540c\u65e5\u306b\u300c<strong>universal privacy layer<\/strong>\u300d\u3068\u3044\u3046\u8868\u73fe\u3092\u7d99\u7d9a\u3057\u3001\u65e5\u672c\u5074\u3067\u306f midnight_jpn \u306b\u3088\u308b Nightforce \u30a2\u30f3\u30d0\u30b5\u30c0\u30fc\u52df\u96c6\u3084 Developers \u30b7\u30ea\u30fc\u30ba\u3082\u7d9a\u304d\u307e\u3057\u305f\u3002\u8cc7\u91d1\u3001\u30e1\u30c3\u30bb\u30fc\u30b8\u3001\u958b\u767a\u8005\u5c0e\u7dda\u304c\u540c\u6642\u306b\u4e26\u3093\u3060\u3053\u3068\u3067\u3001Midnight \u306f\u300c\u3044\u3064\u304b\u4f7f\u308f\u308c\u308b\u6280\u8853\u300d\u304b\u3089\u300c\u4eca\u304b\u3089\u5e02\u5834\u53c2\u52a0\u8005\u3092\u96c6\u3081\u308b\u57fa\u76e4\u300d\u3078\u79fb\u308a\u59cb\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-22952ba\" id=\"1-3-midnight-city-e381a8-agent-1e58886e58f96e5bc95-5\">1.3 Midnight City \u3068 agent 1\u5206\u53d6\u5f15<\/h3>\n\n\n\n<p class=\"deb-block deb-block-b14f2da\">\u30a8\u30dd\u30c3\u30af631\u306e\u6700\u7d42\u65e5\u671d\u306b\u306f\u3001Midnight City \u3067\u300c<strong>\u81ea\u5206\u306e agent \u3092\u6301\u3061\u8fbc\u307f\u30011\u5206\u4ee5\u5185\u306b\u30c8\u30e9\u30f3\u30b6\u30af\u30b7\u30e7\u30f3\u3092\u59cb\u3081\u3089\u308c\u308b<\/strong>\u300d\u8a2d\u8a08\u304c\u793a\u3055\u308c\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u3001Midnight \u306e pivot \u3092\u8c61\u5fb4\u3059\u308b\u91cd\u8981\u306a\u8868\u73fe\u3067\u3059\u3002privacy layer \u304c\u62bd\u8c61\u7684\u306a\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u6a5f\u80fd\u3067\u306f\u306a\u304f\u3001agent \u304c\u52d5\u304d\u3001\u30e6\u30fc\u30b6\u30fc\u304c\u53d6\u5f15\u3057\u3001\u30a2\u30d7\u30ea\u30b1\u30fc\u30b7\u30e7\u30f3\u304c\u7d4c\u6e08\u6d3b\u52d5\u3092\u958b\u59cb\u3059\u308b\u5834\u6240\u3068\u3057\u3066\u8a9e\u3089\u308c\u59cb\u3081\u305f\u304b\u3089\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-95bb49f\">\u3055\u3089\u306b VIA Labs \u306b\u3088\u308b Cardano \u2194 Midnight \u306e\u30af\u30ed\u30b9\u30c1\u30a7\u30fc\u30f3\u8ee2\u9001\u3082\u4e26\u3073\u3001Midnight \u306f Cardano \u304b\u3089\u5207\u308a\u96e2\u3055\u308c\u305f\u5225\u4e16\u754c\u3067\u306f\u306a\u304f\u3001<strong>Cardano \u3068\u63a5\u7d9a\u3057\u306a\u304c\u3089\u72ec\u7acb\u3057\u305f\u5b9f\u884c\u570f\u3092\u5f62\u6210\u3059\u308b<\/strong>\u65b9\u5411\u3092\u898b\u305b\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-ff4ba97\">5\u670815\u65e5\u306e\u5ba3\u8a00\u30015\u670819\u65e5\u306e\u8cc7\u91d1\u30015\u670820\u65e5\u306e\u904b\u7528\u8a2d\u8a08\u3002\u30a8\u30dd\u30c3\u30af631\u306e5\u65e5\u9593\u3067\u3001Midnight \u306f <strong>\u5ba3\u8a00\u30fb\u8cc7\u91d1\u30fb\u5229\u7528\u5c0e\u7dda<\/strong> \u306e3\u5c64\u3092\u63c3\u3048\u307e\u3057\u305f\u3002Cardano \u306e\u6b21\u306e\u8a9e\u308a\u306f\u3001\u5358\u306b\u901f\u304f\u306a\u308b\u3053\u3068\u3067\u306f\u306a\u304f\u3001privacy \u3092\u5099\u3048\u305f\u5e02\u5834\u304c\u3069\u3053\u3067\u3001\u8ab0\u306b\u3088\u3063\u3066\u3001\u3069\u3046\u52d5\u304d\u59cb\u3081\u308b\u306e\u304b\u3078\u79fb\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity deb-block deb-block-c507b5b\"\/>\n\n\n\n<h2 class=\"wp-block-heading deb-block deb-block-c32a33c\" id=\"e7acac2e7aba0efbc9acardano-card-e697a5e69cace4b88ae999b8e29480e29480e69a97e58fb7e8b387e794a3e3818ce697a5e69cace697a5e5b8b8e6b1bae6b888-6\">\u7b2c2\u7ae0\uff1aCardano Card \u65e5\u672c\u4e0a\u9678\u2500\u2500\u6697\u53f7\u8cc7\u7523\u304c\u65e5\u672c\u65e5\u5e38\u6c7a\u6e08\u306b\u5c4a\u304f\u5165\u53e3<\/h2>\n\n\n\n<p class=\"deb-block deb-block-1754bcf\">\u7b2c1\u7ae0\u3067\u898b\u305f Midnight \u306e\u5e02\u5834\u964d\u308a\u7acb\u3061\u3068\u4e26\u8d70\u3059\u308b\u304b\u305f\u3061\u3067\u3001\u30a8\u30dd\u30c3\u30af631\u306f\u3082\u3046\u4e00\u3064\u306e\u300c\u5e02\u5834\u306b\u964d\u308a\u308b\u300d\u8ef8\u3092\u63c3\u3048\u307e\u3057\u305f\u3002Cardano \u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u304c\u3001\u65e5\u672c\u306e\u65e5\u5e38\u652f\u6255\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3078\u5411\u3051\u3066\u3001<strong>\u88fd\u54c1\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u30fb\u898f\u5236\u74b0\u5883<\/strong>\u306e3\u9762\u3067\u540c\u6642\u306b\u6b69\u3092\u9032\u3081\u305f5\u65e5\u9593\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-ac952d3\" id=\"2-1-emurgoe383bbsecondfie383bbslash-e381aee4b889e7a4bee58d94e6a5ad-7\">2.1 EMURGO\u30fbSecondFi\u30fbSlash \u306e\u4e09\u793e\u5354\u696d<\/h3>\n\n\n\n<p class=\"deb-block deb-block-25e7d43\">EMURGO\u30fbSecondFi\u30fbSlash \u306e\u4e09\u793e\u5354\u696d\u306f\u3001Cardano Card \u3092\u65e5\u672c\u5e02\u5834\u306e\u6d88\u8cbb\u8005\u5411\u3051\u6c7a\u6e08\u63a5\u70b9\u3068\u3057\u3066\u5c55\u958b\u3059\u308b\u52d5\u304d\u3067\u3059\u3002EMURGO SecondFi \u304c\u65e5\u672c\u5e02\u5834\u3078\u306e\u73fe\u5730\u5316\u3092\u62c5\u3044\u3001Slash Vision Labs \u304c\u5206\u6563\u578b\u6c7a\u6e08\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3068\u3057\u3066\u65e5\u5e38\u652f\u6255\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3068\u306e\u63a5\u7d9a\u3092\u62c5\u3044\u3001Cardano Foundation \u304c\u516c\u5f0f\u30a2\u30ca\u30a6\u30f3\u30b9\u3067\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u3068\u3057\u3066\u5f8c\u62bc\u3057\u3059\u308b\u3002\u3053\u306e\u5206\u62c5\u306b\u3088\u3063\u3066\u3001Cardano \u306f\u300c\u6295\u8cc7\u30fb\u5b9f\u9a13\u300d\u306e\u6587\u8108\u3060\u3051\u3067\u306a\u304f\u3001\u65e5\u672c\u306e\u65e5\u5e38\u652f\u6255\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u4e0a\u3067\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3092\u4f7f\u3046\u8a2d\u8a08\u3078\u8fd1\u3065\u304d\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-1b3d37a\" id=\"2-2-fsa-e5a496e59bbde382b9e38386e383bce38396e383abe382b3e382a4e383b3e79c81e4bba4-e588b6e5baa6e79a84e585a5e58fa3e381aee695b4-8\">2.2 FSA \u5916\u56fd\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u7701\u4ee4\u2014\u2014\u5236\u5ea6\u7684\u5165\u53e3\u306e\u6574\u5099<\/h3>\n\n\n\n<p class=\"deb-block deb-block-a1ec366\">\u540c\u30585\u65e5\u9593\u3001\u898f\u5236\u5074\u3067\u3082\u6b69\u304c\u9032\u307f\u307e\u3057\u305f\u3002<strong>5\u670819\u65e5\u3001\u91d1\u878d\u5e81\u304c\u300c\u96fb\u5b50\u6c7a\u6e08\u624b\u6bb5\u7b49\u53d6\u5f15\u696d\u8005\u306b\u95a2\u3059\u308b\u5185\u95a3\u5e9c\u4ee4\u7b49\u306e\u4e00\u90e8\u3092\u6539\u6b63\u3059\u308b\u5185\u95a3\u5e9c\u4ee4\u300d\u3092\u516c\u5e03<\/strong>\u2014\u20146\u67081\u65e5\u65bd\u884c\u3067\u3059\u3002\u3053\u308c\u306f\u7279\u5b9a\u9298\u67c4\u306e\u8a8d\u53ef\u3067\u306f\u306a\u304f\u3001\u5916\u56fd\u4fe1\u8a17\u578b\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3092\u65e5\u672c\u5e02\u5834\u3067\u53d6\u308a\u6271\u3046\u305f\u3081\u306e <strong>\u5236\u5ea6\u7684\u5165\u53e3<\/strong> \u3092\u6574\u5099\u3057\u305f\u3082\u306e\u306b\u4f4d\u7f6e\u3065\u304d\u307e\u3059\u3002\u6d77\u5916\u767a\u884c\u8005\u306e\u30e9\u30a4\u30bb\u30f3\u30b9\u304c\u65e5\u672c\u3068\u540c\u7b49\u3067\u3042\u308b\u3053\u3068\u3001\u6d77\u5916\u76e3\u7763\u5f53\u5c40\u3068\u91d1\u878d\u5e81\u304c\u60c5\u5831\u3092\u5171\u6709\u30fb\u9023\u643a\u3067\u304d\u308b\u3053\u3068\u3001\u56fd\u5185\u540c\u6c34\u6e96\u306e\u5229\u7528\u8005\u4fdd\u8b77\u304c\u78ba\u4fdd\u3055\u308c\u308b\u3053\u3068\u2014\u2014\u3053\u308c\u3089\u304c\u63c3\u3048\u3070\u3001\u56fd\u5185\u306e\u767b\u9332\u4e8b\u696d\u8005\u3092\u7d4c\u7531\u3057\u3066\u53d6\u308a\u6271\u3048\u308b\u69cb\u56f3\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-eee5caa\">Cardano Card \u65e5\u672c\u5c55\u958b\u306e\u30a2\u30ca\u30a6\u30f3\u30b9\u3068\u5185\u95a3\u5e9c\u4ee4\u306e\u516c\u5e03\u304c\u540c\u30585\u670819\u65e5\u306b\u4e26\u3093\u3060\u306e\u306f\u5076\u7136\u3067\u3059\u304c\u3001\u7d50\u679c\u3068\u3057\u3066\u65e5\u672c\u5e02\u5834\u306f\u300c<strong>\u5b9f\u88c5\u7740\u5730\u3068\u898f\u5236\u6574\u5099\u304c\u540c\u3058\u6642\u9593\u8ef8\u3067\u4e26\u3076<\/strong>\u300d\u4f4d\u76f8\u306b\u5165\u308a\u307e\u3057\u305f\u3002\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u304c\u65e5\u672c\u306e\u65e5\u5e38\u6c7a\u6e08\u306e\u6587\u8108\u3067\u6271\u308f\u308c\u308b\u305f\u3081\u306e\u571f\u53f0\u304c\u3001\u30a8\u30dd\u30c3\u30af631\u306e\u3042\u3044\u3060\u306b1\u6bb5\u7d44\u307f\u4e0a\u304c\u3063\u305f\u5f62\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-b976b91\" id=\"2-3-e69a97e58fb7e8b387e794a3e3818ce697a5e69cace697a5e5b8b8e6b1bae6b888e381aee585a5e58fa3e381abe7ab8be381a4e6848fe591b3-9\">2.3 \u6697\u53f7\u8cc7\u7523\u304c\u65e5\u672c\u65e5\u5e38\u6c7a\u6e08\u306e\u5165\u53e3\u306b\u7acb\u3064\u610f\u5473<\/h3>\n\n\n\n<p class=\"deb-block deb-block-1e973b0\">Cardano Card \u65e5\u672c\u4e0a\u9678\u306f\u3001Cardano \u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u304c\u65e5\u672c\u5e02\u5834\u3067 <strong>\u6d88\u8cbb\u8005\u5411\u3051\u306e\u6c7a\u6e08\u63a5\u70b9<\/strong> \u3092\u6301\u3068\u3046\u3068\u3059\u308b\u4e00\u6b69\u3067\u3059\u3002Stake Pool \u904b\u7528\u3068 DRep \u30ac\u30d0\u30ca\u30f3\u30b9\u3092\u62c5\u3046 SIPO \u306e\u7acb\u5834\u304b\u3089\u898b\u308b\u3068\u3001Cardano \u304c\u65e5\u672c\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u306b\u8fd1\u3065\u304f\u6d41\u308c\u306f\u3001\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u5168\u4f53\u306e\u8db3\u5834\u3068\u76f4\u7d50\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-f00575d\">\u30a8\u30dd\u30c3\u30af631\u306e5\u65e5\u9593\u3067\u63c3\u3063\u305f\u306e\u306f\u3001<strong>\u88fd\u54c1\uff08Cardano Card \u65e5\u672c\u5c55\u958b\u767a\u8868\uff09\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\uff08EMURGO\u30fbSecondFi\u30fbSlash \u4e09\u793e\u5354\u696d + Cardano Foundation \u516c\u5f0f\u30a2\u30ca\u30a6\u30f3\u30b9\uff09\u30fb\u898f\u5236\u74b0\u5883\uff08FSA \u5916\u56fd\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u7701\u4ee4\uff09<\/strong> \u306e3\u5c64\u3067\u3059\u3002\u7b2c1\u7ae0\u3067\u898b\u305f Midnight \u306e\u300c\u5ba3\u8a00\u30fb\u8cc7\u91d1\u30fb\u5229\u7528\u5c0e\u7dda\u300d\u3068\u4e26\u8d70\u3059\u308b\u304b\u305f\u3061\u3067\u3001Cardano \u306f\u65e5\u672c\u5e02\u5834\u3067\u3082\u300c<strong>\u88fd\u54c1\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30fb\u898f\u5236<\/strong>\u300d\u306e3\u5c64\u3092\u540c\u671f\u3055\u305b\u59cb\u3081\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity deb-block deb-block-93645f0\"\/>\n\n\n\n<h2 class=\"wp-block-heading deb-block deb-block-97342d7\" id=\"e7acac3e7aba0efbc9acardano-e3818c-btc-defi-e6b581e58b95e680a7e381abe68ea5e7b69ae38199e3828be8a8ade8a888-10\">\u7b2c3\u7ae0\uff1aCardano \u304c BTC DeFi \u6d41\u52d5\u6027\u306b\u63a5\u7d9a\u3059\u308b\u8a2d\u8a08<\/h2>\n\n\n\n<p class=\"deb-block deb-block-d1a5dd3\">\u7b2c1\u7ae0\u306e Midnight\u3001\u7b2c2\u7ae0\u306e Cardano Card \u65e5\u672c\u5c55\u958b\u3068\u4e26\u8d70\u3059\u308b\u304b\u305f\u3061\u3067\u3001\u30a8\u30dd\u30c3\u30af631\u306f\u3082\u3046\u4e00\u3064\u306e\u300c\u5e02\u5834\u306b\u964d\u308a\u308b\u300d\u8ef8\u3092\u898b\u305b\u307e\u3057\u305f\u3002Cardano \u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u304c\u3001Bitcoin \u306e DeFi \u6d41\u52d5\u6027\u306b\u6280\u8853\u7684\u306b\u63a5\u7d9a\u3059\u308b\u8a2d\u8a08\u3092\u30015\u65e5\u9593\u3067\u540c\u6642\u306b\u8907\u6570\u63d0\u793a\u3057\u305f\u5f62\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-e252741\" id=\"3-1-wanchain-e3818c-cardano-e381ae-btc-e68ea5e7b69ae7b58ce8b7afe38292e5ba83e38192e3819f-11\">3.1 Wanchain \u304c Cardano \u306e BTC \u63a5\u7d9a\u7d4c\u8def\u3092\u5e83\u3052\u305f<\/h3>\n\n\n\n<p class=\"deb-block deb-block-ca3b359\">5\u670815\u65e5\u524d\u5f8c\u3001Wanchain \u3092\u901a\u3058\u305f Cardano \u3068 Bitcoin \u9593\u306e\u30af\u30ed\u30b9\u30c1\u30a7\u30fc\u30f3\u79fb\u52d5\u304c\u6539\u3081\u3066\u6ce8\u76ee\u3055\u308c\u307e\u3057\u305f\u3002\u3053\u3053\u3067\u91cd\u8981\u306a\u306e\u306f\u3001Cardano \u304c\u81ea\u524d\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e\u5185\u5074\u3060\u3051\u3067\u5b8c\u7d50\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001Bitcoin \u5074\u306e\u6d41\u52d5\u6027\u3092\u53d6\u308a\u8fbc\u3080\u305f\u3081\u306e\u63a5\u7d9a\u7d4c\u8def\u3092\u8907\u6570\u6301\u3061\u59cb\u3081\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u3002wrapped bridge \u306b\u306f\u904e\u53bb\u306e\u4e8b\u6545\u3084\u691c\u8a3c\u69cb\u9020\u306e\u30ea\u30b9\u30af\u304c\u6b8b\u308b\u4e00\u65b9\u3001atomic swap \u3084\u591a\u6bb5\u691c\u8a3c\u578b\u30d6\u30ea\u30c3\u30b8\u306a\u3069\u3001\u4fe1\u983c\u3092\u6700\u5c0f\u5316\u3057\u3088\u3046\u3068\u3059\u308b\u8a2d\u8a08\u304c Cardano \u5468\u8fba\u3067\u4e26\u3073\u59cb\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-d76ff34\" id=\"3-2-fluidtokens-atomic-swap-e5ae9fe7b8bee381a8-bridge-security-e8a8ade8a888-12\">3.2 FluidTokens\u2014\u2014atomic swap \u5b9f\u7e3e\u3068 bridge security \u8a2d\u8a08<\/h3>\n\n\n\n<p class=\"deb-block deb-block-8c085b2\">FluidTokens \u306f2026\u5e743\u6708\u3001Cardano \u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u3067\u5148\u884c\u3059\u308b BTC-ADA atomic swap \u306e\u5b9f\u7e3e\u3092\u6b8b\u3057\u3001\u4fe1\u983c\u6700\u5c0f\u5316\u3055\u308c\u305f\u30af\u30ed\u30b9\u30c1\u30a7\u30fc\u30f3\u4ea4\u63db\u3092\u5b9f\u88c5\u3067\u793a\u3057\u307e\u3057\u305f\u3002\u30a8\u30dd\u30c3\u30af631 \u671f\u9593\u4e2d\u306e5\u670819\u65e5\u306b\u306f\u3001\u300c<strong>Bridge security is the #1 priority, especially as $BTC starts moving across ecosystems<\/strong>\u300d\u3068\u767a\u4fe1\u3057\u3001BTC \u30d6\u30ea\u30c3\u30b8\u306e\u5b89\u5168\u6027\u8a2d\u8a08\u3092\u516c\u958b\u3057\u307e\u3057\u305f\u3002\u8a2d\u8a08\u306e\u9aa8\u5b50\u306f\u3001<strong>Bitcoin finality \u2192 confirmations \u2192 Watchtowers \u2192 Cardano \u3078\u306e state post \u2192 challenge window<\/strong> \u3068\u3044\u3046\u591a\u6bb5\u691c\u8a3c\u69cb\u9020\u3067\u3001\u5b89\u5168\u6027\u306e\u30c1\u30a7\u30c3\u30af\u30dd\u30a4\u30f3\u30c8\u3092\u8a2d\u8a08\u30ec\u30d9\u30eb\u3067\u8907\u6570\u968e\u5c64\u306b\u5206\u89e3\u3057\u305f\u5f62\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-31cb299\">\u540c\u65e5\u3001TapTools \u306f\u300cCardano&#8217;s first Bitcoin DeFi protocol, BTC Karma\u300d\u3068\u7d39\u4ecb\u3059\u308b\u5f62\u3067\u3001BTC Karma \u304c token sale \u3092\u7d4c\u3066 mainnet \u6e96\u5099\u30d5\u30a7\u30fc\u30ba\u306b\u5165\u3063\u305f\u3053\u3068\u3092\u901f\u5831\u3057\u307e\u3057\u305f\u3002atomic swap \u3067\u5148\u884c\u3059\u308b FluidTokens \u3068\u3001protocol \u5c64\u3092\u7d44\u307f\u7acb\u3066\u308b BTC Karma \u304c\u4e26\u3073\u3001Cardano \u4e0a\u306b BTC DeFi \u306e\u8db3\u5834\u304c\u7d44\u307f\u4e0a\u304c\u308a\u59cb\u3081\u3066\u3044\u308b\u5c40\u9762\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-4eddafd\" id=\"3-3-btc-defi-e6b581e58b95e680a7e381b8e381aee68ea5e7b69ae3818ce3808ce8a8ade8a888e383ace38399e383abe3808de381a7e68f83e381a3e3819f-13\">3.3 BTC DeFi \u6d41\u52d5\u6027\u3078\u306e\u63a5\u7d9a\u304c\u300c\u8a2d\u8a08\u30ec\u30d9\u30eb\u300d\u3067\u63c3\u3063\u305f<\/h3>\n\n\n\n<p class=\"deb-block deb-block-96f1831\">\u30a8\u30dd\u30c3\u30af631\u306e\u3042\u3044\u3060\u306b\u63c3\u3063\u305f\u306e\u306f\u3001<strong>\u63a5\u7d9a\u7d4c\u8def\u3068\u3057\u3066\u306e Wanchain<\/strong>\u3001<strong>\u5b89\u5168\u6027\u8a2d\u8a08\u3092\u63d0\u793a\u3057\u305f FluidTokens<\/strong>\u3001<strong>protocol \u5c64\u3078\u9032\u3080 BTC Karma<\/strong> \u306e3\u3064\u3067\u3059\u3002<strong>Bitcoin \u306e\u5146\u30c9\u30eb\u898f\u6a21\u306e\u6d41\u52d5\u6027<\/strong> \u304c\u3001Cardano \u306b\u3068\u3063\u3066\u3053\u308c\u307e\u3067\u306e\u300c\u81ea\u524d\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u300d\u306e\u5916\u5074\u306b\u3042\u3063\u305f\u8cc7\u7523\u30d7\u30fc\u30eb\u3068\u3057\u3066\u8a8d\u8b58\u3055\u308c\u3001\u6280\u8853\u7684\u306b\u63a5\u7d9a\u3059\u308b\u8a2d\u8a08\u304c\u8907\u6570\u306e\u7d4c\u8def\u3067\u4e26\u3073\u59cb\u3081\u305f\u2014\u2014\u3053\u308c\u304c Cardano \u306e\u7b2c3\u306e\u300c\u5e02\u5834\u306b\u964d\u308a\u308b\u300d\u8ef8\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-b696d07\">\u7b2c1\u7ae0\u300c\u5ba3\u8a00\u30fb\u8cc7\u91d1\u30fb\u5229\u7528\u5c0e\u7dda\u300d\u3001\u7b2c2\u7ae0\u300c\u88fd\u54c1\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30fb\u898f\u5236\u300d\u3068\u4e26\u3079\u308b\u3068\u3001Cardano \u304c <strong>privacy\u30fb\u65e5\u672c\u65e5\u5e38\u6c7a\u6e08\u30fbBTC DeFi \u6d41\u52d5\u6027<\/strong> \u3068\u3044\u30463\u65b9\u5411\u306b\u3001\u540c\u3058\u4f4d\u76f8\u3067\u5e02\u5834\u63a5\u7d9a\u3092\u9032\u3081\u305f5\u65e5\u9593\u3068\u3057\u3066\u8aad\u307f\u89e3\u3051\u307e\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity deb-block deb-block-da9d8ac\"\/>\n\n\n\n<h2 class=\"wp-block-heading deb-block deb-block-7dcbe94\" id=\"e7acac4e7aba0efbc9acardano-e5ae9fe8a18ce5b1a4e381a8-governancee29480e29480mainnet-e7a7bbe8a18ce381a8-treasury-e887aae6b2bb-14\">\u7b2c4\u7ae0\uff1aCardano \u5b9f\u884c\u5c64\u3068 governance\u2500\u2500mainnet \u79fb\u884c\u3068 Treasury \u81ea\u6cbb<\/h2>\n\n\n\n<p class=\"deb-block deb-block-f34488d\">\u7b2c1\u7ae0\u304b\u3089\u7b2c3\u7ae0\u3067\u898b\u305f\u300c\u5e02\u5834\u3078\u306e\u964d\u308a\u7acb\u3061\u300d\u3092\u3001Cardano \u306f\u5916\u5074\u3060\u3051\u3067\u6210\u308a\u7acb\u305f\u305b\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u5916\u3078\u51fa\u308b\u305f\u3081\u306b\u306f\u3001\u5185\u5074\u3067 <strong>\u300c\u5b9f\u884c\u3067\u304d\u308b\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u300d\u3068\u300c\u8aac\u660e\u3067\u304d\u308b\u4e88\u7b97\u81ea\u6cbb\u300d<\/strong> \u3092\u540c\u6642\u306b\u6574\u3048\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u30a8\u30dd\u30c3\u30af631 \u306f\u3001\u305d\u306e\u5185\u5074\u304c\u540c\u6642\u306b\u7bc0\u76ee\u3092\u8fce\u3048\u305f5\u65e5\u9593\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-a7339b2\" id=\"4-1-mainnet-e3838fe383bce38389e38395e382a9e383bce382afe7a7bbe8a18ce3818ce3808ce78fbee5ae9fe381aee4bd9ce6a5ade3808de6aeb5e99a8ee381b8-15\">4.1 mainnet \u30cf\u30fc\u30c9\u30d5\u30a9\u30fc\u30af\u79fb\u884c\u304c\u300c\u73fe\u5b9f\u306e\u4f5c\u696d\u300d\u6bb5\u968e\u3078<\/h3>\n\n\n\n<p class=\"deb-block deb-block-018a5b7\">\u30a8\u30dd\u30c3\u30af631 \u671f\u9593\u4e2d\u3001IOG \u306f\u6b21\u306e intra-era \u30cf\u30fc\u30c9\u30d5\u30a9\u30fc\u30af\uff08PV11 \u5bfe\u5fdc\uff09\u3078\u5411\u3051\u305f\u6700\u521d\u306e\u30ce\u30fc\u30c9\u30ea\u30ea\u30fc\u30b9\u3092\u516c\u958b\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u3092\u53d7\u3051\u3066\u3001Intersect \u306e Hard Fork Working Group \u306f\u90312\u56de\u958b\u50ac\u3078\u3068\u4f53\u5236\u3092\u5f37\u5316\u3057\u3001ecosystem readiness \u30c9\u30ad\u30e5\u30e1\u30f3\u30c8\u304c\u6bce\u65e5\u66f4\u65b0\u3055\u308c\u308b\u904b\u55b6\u306b\u79fb\u884c\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-b802453\">Cardano \u30ac\u30d0\u30ca\u30f3\u30b9\u306f\u300c\u6295\u7968\u7d50\u679c\u306b\u5f93\u3063\u3066\u5b9f\u884c\u3059\u308b\u300d\u8a2d\u8a08\u3067\u3059\u304c\u3001\u305d\u306e\u5b9f\u884c\u3092\u652f\u3048\u308b\u306e\u306f SPO \u73fe\u5834\u306e\u7269\u7406\u6e96\u5099\u3067\u3059\u3002\u30a8\u30dd\u30c3\u30af631 \u306f\u3001\u30ea\u30ea\u30fc\u30b9\u304b\u3089\u73fe\u5834\u79fb\u884c\u307e\u3067\u306e\u5c0e\u7dda\u304c\u65e5\u5e38\u904b\u7528\u306e\u4e2d\u306b\u7d44\u307f\u8fbc\u307e\u308c\u3001mainnet \u30cf\u30fc\u30c9\u30d5\u30a9\u30fc\u30af\u79fb\u884c\u304c\u300c\u8b70\u8ad6\u300d\u304b\u3089\u300c\u5b9f\u969b\u306e\u4f5c\u696d\u300d\u3078\u843d\u3061\u59cb\u3081\u305f\u671f\u9593\u3068\u3057\u3066\u8a18\u9332\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-e3224e1\" id=\"4-2-cardano-budget-process-e3818ce3808ce6a49ce8a8bce58fafe883bde381aae7b484e69d9fe3808de381aee5a0b4e381b8-16\">4.2 Cardano Budget Process \u304c\u300c\u691c\u8a3c\u53ef\u80fd\u306a\u7d04\u675f\u300d\u306e\u5834\u3078<\/h3>\n\n\n\n<p class=\"deb-block deb-block-ef7f03e\">\u30a8\u30dd\u30c3\u30af630 \u304b\u3089\u59cb\u307e\u3063\u305f Cardano Budget Process 2026 \u306e Final Feedback and Review \u30d5\u30a7\u30fc\u30ba\u306f\u3001\u30a8\u30dd\u30c3\u30af631 \u5f8c\u534a\u3067\u3082\u7d99\u7d9a\u3057\u307e\u3057\u305f\u30025\u670819\u65e5\u3001IntersectMBO \u306f Final Feedback \u3078\u306e\u79fb\u884c\u3092\u6539\u3081\u3066\u767a\u4fe1\u3057\u3001\u63d0\u6848\u8005\u3068 DRep \u304c\u6700\u5f8c\u306e\u5bfe\u8a71\u3092\u4ea4\u308f\u3059\u5c40\u9762\u304c\u30015\u65e5\u9593\u306e\u3046\u3061\u306b\u5f8c\u534a\u6bb5\u3078\u9032\u307f\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-9a6fe7b\">\u3053\u306e\u30d5\u30a7\u30fc\u30ba\u306e\u610f\u5473\u306f\u3001Treasury \u914d\u5206\u304c\u300c\u653f\u6cbb\u7684\u30b9\u30ed\u30fc\u30ac\u30f3\u300d\u304b\u3089\u300c\u691c\u8a3c\u53ef\u80fd\u306a\u7d04\u675f\u300d\u3078\u79fb\u308b\u3053\u3068\u306b\u3042\u308a\u307e\u3059\u3002Treasury \u81ea\u6cbb\u306b\u5fc5\u8981\u306a\u5224\u65ad\u8ef8\u306f\u3001<strong>\u6301\u7d9a\u6027\uff0f\u914d\u5206\u900f\u660e\u6027\uff0fKPI \u691c\u8a3c\u53ef\u80fd\u6027\uff0f\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u53cd\u6620\u6027<\/strong> \u306e4\u3064\u3067\u3001SIPO DRep \u3082\u3053\u306e\u67a0\u7d44\u307f\u3067\u7cbe\u67fb\u3092\u7d9a\u3051\u307e\u3059\u3002\u300c\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u304c\u4f55\u306e\u305f\u3081\u306b\u4e88\u7b97\u3092\u51fa\u3059\u306e\u304b\u300d\u3092\u3001\u62bd\u8c61\u8ad6\u3067\u306f\u306a\u304f\u5177\u4f53\u7684\u306a\u30c7\u30ea\u30d0\u30e9\u30d6\u30eb\u3068\u691c\u8a3c\u70b9\u3067\u8a9e\u308b\u5834\u304c\u3001Final Feedback \u306e\u6700\u7d42\u6bb5\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-816239e\" id=\"4-3-builder-dao-round-2-e381a8-drep-voting-e381aee588a4e696ade7aa93-17\">4.3 Builder DAO Round 2 \u3068 DRep voting \u306e\u5224\u65ad\u7a93<\/h3>\n\n\n\n<p class=\"deb-block deb-block-73be695\">5\u670820\u65e5\u3001TapTools \u304c\u300cCardano Builder DAO Round 2\u300d\u3092\u767a\u4fe1\u3057\u307e\u3057\u305f\u3002Treasury \u8cc7\u91d1\u3092\u5b9f\u969b\u306b\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e build \u30c1\u30fc\u30e0\u3078\u5c4a\u3051\u308b\u305f\u3081\u306e\u660e\u793a\u30d1\u30b9\u3068\u3057\u3066\u3001<strong>\u516c\u958b KPI \u8ffd\u8de1\u3068 accountability<\/strong> \u3092\u6253\u3061\u51fa\u3057\u305f\u6b21\u30e9\u30a6\u30f3\u30c9\u3067\u3059\u3002\u30a8\u30dd\u30c3\u30af630 \u671f\u9593\u4e2d\u306e Builder DAO \u8b70\u8ad6\u3092\u53d7\u3051\u3001Round 2 \u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u3068\u3057\u3066\u63a5\u7d9a\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-65476df\">\u540c\u3058\u6642\u9593\u8ef8\u3067\u30015\u670819\u65e5\u306b\u306f IOG \u304c\u300cDRep voting closes in 5 days\u300d\u3068\u767a\u4fe1\u3057\u3001\u904e\u53bb1\u30f6\u6708\u306e rationale \u3092\u8e0f\u307e\u3048\u305f\u5224\u65ad\u7a93\u304c\u30a8\u30dd\u30c3\u30af632 \u4e2d\u76e4\u306b\u9589\u3058\u308b\u5c40\u9762\u306b\u5165\u308a\u307e\u3057\u305f\u3002Constitutional Committee \u95a2\u9023 vote \u3068\u4e26\u5217\u306e\u5224\u65ad\u7a93\u3067\u3001DRep \u304c\u81ea\u3089\u306e\u5224\u65ad\u7406\u7531\u3092\u8aac\u660e\u53ef\u80fd\u306a\u5f62\u306b\u6574\u3048\u308b\u671f\u9593\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-6cc374a\">Cardano \u304c\u5916\u5074\u3067\u300c\u5e02\u5834\u306b\u964d\u308a\u308b\u300d\u305f\u3081\u306b\u306f\u3001\u5185\u5074\u3067 <strong>\u300c\u5b9f\u884c\u3067\u304d\u308b\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u300d\u3068\u300c\u8aac\u660e\u3067\u304d\u308b\u4e88\u7b97\u81ea\u6cbb\u300d<\/strong> \u3092\u540c\u6642\u306b\u6574\u3048\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u30a8\u30dd\u30c3\u30af631 \u3067\u5185\u5074\u306b\u63c3\u3063\u305f\u306e\u306f\u3001<strong>\u5b9f\u884c\u5c64\u306e\u6574\u5217<\/strong>\u3001<strong>Treasury \u4e88\u7b97 Final Feedback \u306e\u6700\u7d42\u6bb5<\/strong>\u3001<strong>Builder DAO Round 2 \u3068 DRep voting \u306e\u5224\u65ad\u7a93<\/strong>\u2014\u2014\u5916\u5074\u306e\u5e02\u5834\u63a5\u7d9a\u3092\u652f\u3048\u308b\u57fa\u76e4\u304c\u3001\u540c\u30585\u65e5\u9593\u3067\u8907\u6570\u306e\u7bc0\u76ee\u3092\u8fce\u3048\u305f\u5c40\u9762\u3067\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity deb-block deb-block-8f84cdb\"\/>\n\n\n\n<h2 class=\"wp-block-heading deb-block deb-block-bef55c3\" id=\"e7acac5e7aba0efbc9ae697a7e7a7a9e5ba8fe381aee4babae4ba8be4baa4e4bba3e381a8-ai-e381ae-geopolitical-e58c96-18\">\u7b2c5\u7ae0\uff1a\u65e7\u79e9\u5e8f\u306e\u4eba\u4e8b\u4ea4\u4ee3\u3068 AI \u306e geopolitical \u5316<\/h2>\n\n\n\n<p class=\"deb-block deb-block-f25b830\">\u7b2c1\u7ae0\u304b\u3089\u7b2c4\u7ae0\u3067\u898b\u305f Cardano \u306e\u52d5\u304d\u306f\u3001\u5916\u90e8\u4e16\u754c\u3068\u306f\u7121\u95a2\u4fc2\u306b\u9032\u3093\u3060\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u540c\u30585\u65e5\u9593\u3001\u5916\u90e8\u4e16\u754c\u3067\u306f\u65e7\u79e9\u5e8f\u304c <strong>\u4eba\u4e8b\u4ea4\u4ee3\u3092\u4f34\u3046\u518d\u7de8<\/strong> \u306b\u5165\u308a\u3001AI \u5074\u3067\u306f frontier \u4f01\u696d\u304c <strong>\u653f\u7b56\u30a2\u30af\u30bf\u30fc<\/strong> \u3068\u3057\u3066\u4e26\u3073\u59cb\u3081\u307e\u3057\u305f\u3002\u65b0\u79e9\u5e8f\u304c\u5e02\u5834\u306b\u964d\u308a\u7acb\u3064\u300c\u5916\u90e8\u6761\u4ef6\u300d\u304c\u3053\u3053\u3067\u63c3\u3063\u305f\u5f62\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-5a988e9\" id=\"5-1-e4b8ade5a4aee98a80e8a18ce6a78be980a0e381aee7b584e381bfe69bbfe38188-warsh-e8adb0e995b7e5b0b1e4bbbbe381a8-powell-e381aee79086-19\">5.1 \u4e2d\u592e\u9280\u884c\u69cb\u9020\u306e\u7d44\u307f\u66ff\u3048\u2014\u2014Warsh \u8b70\u9577\u5c31\u4efb\u3068 Powell \u306e\u7406\u4e8b\u7d9a\u6295<\/h3>\n\n\n\n<p class=\"deb-block deb-block-6eb6fde\">\u30a8\u30dd\u30c3\u30af631 \u306e\u3042\u3044\u3060\u306b\u3001Fed \u8b70\u9577\u306e\u4ea4\u4ee3\u304c\u5b8c\u4e86\u3057\u307e\u3057\u305f\u3002Kevin Warsh \u6c0f\u304c5\u670813\u65e5\u306b\u4e0a\u9662\u3067\u627f\u8a8d\u3055\u308c\u30015\u670815\u65e5\u306b Powell \u8b70\u9577\u306e2\u671f\u76ee\u304c\u4efb\u671f\u6e80\u4e86\u3092\u8fce\u3048\u30015\u670816\u65e5\u306b Warsh \u6c0f\u304c\u7b2c17\u4ee3 Fed \u8b70\u9577\u3068\u3057\u3066\u6b63\u5f0f\u5c31\u4efb\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-0f9f168\">\u6ce8\u76ee\u3059\u3079\u304d\u306f\u3001Powell \u6c0f\u304c\u8b70\u9577\u9000\u4efb\u5f8c\u3082 <strong>\u7406\u4e8b\uff08Governor\uff09\u3068\u3057\u3066\u6b8b\u7559<\/strong> \u3059\u308b\u3053\u3068\u3067\u3059\u3002\u3053\u308c\u306f 1948 \u5e74\u306e Marriner Eccles \u4ee5\u6765 77 \u5e74\u3076\u308a\u306e\u30d1\u30bf\u30fc\u30f3\u3067\u3001FOMC \u6295\u7968\u3067\u300c\u904e\u5ea6\u306a\u5229\u4e0b\u3052\u52a0\u901f\u300d\u3078\u306e\u6291\u6b62\u304c\u6a5f\u80fd\u3057\u5f97\u308b\u69cb\u9020\u3092\u6b8b\u3057\u307e\u3057\u305f\u3002\u540c\u3058\u671f\u9593\u306b <strong>Stephen Miran \u6c0f\u304c\u5f8c\u4efb\u5ba3\u8a93\u306b\u5408\u308f\u305b\u305f Fed \u7406\u4e8b\u8f9e\u4efb\u3092\u63d0\u51fa<\/strong>\u3057\u3001<strong>Bowman \u526f\u8b70\u9577\u304c\u300cFuture of Banking\u300d\u30b3\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u3067\u958b\u5e55\u6f14\u8aac<\/strong>\u3092\u884c\u3044\u307e\u3057\u305f\u3002\u4e2d\u592e\u9280\u884c\u69cb\u9020\u305d\u306e\u3082\u306e\u304c\u3001\u5c31\u4efb\u30fb\u9000\u4efb\u30fb\u8f9e\u4efb\u30fb\u9280\u884c\u898f\u5236\u8b70\u8ad6\u306e4\u3064\u3067\u540c\u6642\u306b\u7d44\u307f\u66ff\u308f\u3063\u305f5\u65e5\u9593\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-e81a61f\" id=\"5-2-e7ab8be6b395e381a8e59cb0e694bfe5ada6e3818ce3808ce7b590e69e9ce587bae38197e3808de6aeb5e99a8ee381b8-20\">5.2 \u7acb\u6cd5\u3068\u5730\u653f\u5b66\u304c\u300c\u7d50\u679c\u51fa\u3057\u300d\u6bb5\u968e\u3078<\/h3>\n\n\n\n<p class=\"deb-block deb-block-b2a50ec\">\u30a8\u30dd\u30c3\u30af630 \u672b\u3067\u672c\u4f1a\u8b70\u5be9\u8b70\u5165\u308a\u3057\u305f CLARITY Act \u306e\u6d41\u308c\u306f\u3001\u30a8\u30dd\u30c3\u30af631 \u306b\u3082\u5f15\u304d\u7d99\u304c\u308c\u307e\u3057\u305f\u30025\u670816\u65e5\u3001Air Force One \u3067\u5e30\u8def\u306b\u5c31\u3044\u305f Trump \u5927\u7d71\u9818\u306e Fox News \u5358\u72ec\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3068 <strong>Lummis \u8b70\u54e1\u306e CLARITY Act \u767a\u8a00<\/strong> \u304c\u540c\u65e5\u306b\u96c6\u4e2d\u3057\u3001\u7acb\u6cd5\u660e\u78ba\u5316\u306b\u5411\u3051\u305f\u653f\u6cbb\u767a\u4fe1\u304c\u653f\u6a29\u30fb\u4e0a\u9662\u53cc\u65b9\u3067\u91cd\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-c7dd855\">\u5730\u653f\u5b66\u5074\u3067\u306f\u3001\u540c\u30585\u670816\u65e5\u3001Trump-Xi \u8a2a\u4e2d\u30b5\u30df\u30c3\u30c8\u304c closeout \u3092\u8fce\u3048\u3001<strong>\u4e2d\u56fd\u306b\u3088\u308b Boeing 200 \u6a5f\uff08\u7d04 $17-19B \u898f\u6a21\u3001\u6700\u5927 750 \u6a5f\u307e\u3067\u62e1\u5f35\u4f59\u5730\uff09\u306e\u5408\u610f<\/strong> \u304c\u516c\u8868\u3055\u308c\u307e\u3057\u305f\u3002\u300c\u5546\u696d\u5916\u4ea4\u300d\u3068\u3044\u3046\u30d5\u30ec\u30fc\u30e0\u304c\u3001\u7acb\u6cd5\u30fb\u91d1\u878d\u30fb\u901a\u5546\u306e\u3059\u3079\u3066\u3067\u7d50\u679c\u3092\u51fa\u3057\u59cb\u3081\u305f\u2014\u2014\u30a8\u30dd\u30c3\u30af631 \u306f\u3001\u65e7\u79e9\u5e8f\u304c\u300c\u6700\u7d42\u8a8d\u8a3c\u300d\u304b\u3089\u300c\u6210\u679c\u306e\u516c\u8868\u300d\u3078\u79fb\u3063\u305f\u6bb5\u968e\u3068\u3057\u3066\u8a18\u9332\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-b5d77b2\" id=\"5-3-ai-e3818c-geopolitical-actor-e381a8e38197e381a6e4b8a6e381b6-21\">5.3 AI \u304c geopolitical actor \u3068\u3057\u3066\u4e26\u3076<\/h3>\n\n\n\n<p class=\"deb-block deb-block-e1c2d89\">\u5916\u90e8\u6761\u4ef6\u306e\u3082\u3046\u4e00\u65b9\u3067\u306f\u3001frontier AI \u4f01\u696d\u304c\u653f\u7b56\u30a2\u30af\u30bf\u30fc\u3068\u3057\u3066\u4e26\u3073\u59cb\u3081\u307e\u3057\u305f\u3002<strong>Anthropic \u304c\u300c2028: Two scenarios for global AI leadership\u300d\u3092 Trump-Xi \u5317\u4eac\u30b5\u30df\u30c3\u30c8\u3068\u540c\u3058\u30bf\u30a4\u30e0\u30e9\u30a4\u30f3\u3067\u516c\u958b<\/strong>\u3057\u3001\u7c73\u4e2d AI \u30ec\u30fc\u30b9\u306e\u5883\u754c\u7dda\u3092 12\u301c24 \u30f6\u6708\u306e\u30ea\u30fc\u30c9\u306b\u8ced\u3051\u308b\u6226\u7565\u6587\u66f8\u3068\u3057\u3066\u6295\u4e0b\u3057\u307e\u3057\u305f\u3002LifeMakersCom \u306f\u540c\u6642\u671f\u306e Deep Dive \u3067\u300cfrontier AI \u4f01\u696d\u304c\u653f\u7b56\u8a2d\u8a08\u8005\u306b\u306a\u308b\u69cb\u9020\u300d\u3092\u8aad\u307f\u89e3\u304d\u3001compute advantage \/ distillation \/ \u540c\u76df\u56fd\u8f38\u51fa\u7ba1\u7406\u306e3\u672c\u67f1\u3092\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-3238736\">\u88fd\u54c1\u30fb\u5b9f\u884c\u30ec\u30a4\u30e4\u30fc\u3067\u3082\u52d5\u304d\u304c\u63c3\u3044\u307e\u3057\u305f\u3002<strong>OpenClaw \/ NVIDIA NemoClaw \u6587\u8108<\/strong>\u3067\u306f\u3001\u300cAI \u304c\u63d0\u6848\u3059\u308b\u300d\u304b\u3089\u300c<strong>AI \u304c\u4ee3\u7406\u3067\u52d5\u304f<\/strong>\u300d\u3078\u306e agentic shift \u304c\u524d\u9762\u306b\u51fa\u307e\u3057\u305f\u3002<strong>OpenAI ChatGPT Personal Finance \u304c Plaid \u7d4c\u7531\u3067 12,000+ \u91d1\u878d\u6a5f\u95a2\u3068\u63a5\u7d9a<\/strong>\u3057\u3001AI \u304c\u5bb6\u8a08\u30c7\u30fc\u30bf\u3092\u6587\u8108\u306b\u5bfe\u8a71\u3059\u308b\u5883\u754c\u304c\u4e0b\u304c\u308a\u307e\u3057\u305f\u3002robotics \u5074\u3067\u3082 <strong>Figure \u306e Helix-02 \u304c 24\/7 \u9023\u7d9a\u7a3c\u50cd Day 2<\/strong> \u3078\u9032\u307f\u3001\u300c8\u6642\u95931\u4f53\u300d\u304b\u3089\u300c24\u6642\u95933\u4f53\u4e26\u5217\u300d\u3078\u306e\u79fb\u884c\u304c\u73fe\u5834\u30d5\u30a7\u30fc\u30ba\u306b\u5165\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-2f32cf3\">\u30a8\u30dd\u30c3\u30af631 \u306e AI \u8ef8\u3067\u4e26\u3093\u3060\u306e\u306f\u3001<strong>\u653f\u7b56\u30b7\u30ca\u30ea\u30aa\uff08Anthropic 2028\uff09<\/strong>\u3001<strong>agentic \u5b9f\u884c\u74b0\u5883\uff08OpenClaw \/ NemoClaw\uff09<\/strong>\u3001<strong>\u91d1\u878d\u30c7\u30fc\u30bf\u63a5\u7d9a\uff08OpenAI Personal Finance \u00d7 Plaid\uff09<\/strong>\u3001<strong>physical AI \/ robotics\uff08Figure Helix-02\uff09<\/strong> \u306e4\u70b9\u3067\u3059\u3002AI \u304c\u300c\u88fd\u54c1\u3092\u51fa\u3059\u5b58\u5728\u300d\u304b\u3089\u300c\u653f\u7b56\u30fb\u91d1\u878d\u30fb\u7269\u7406\u7a7a\u9593\u306b\u307e\u305f\u304c\u308b\u30a2\u30af\u30bf\u30fc\u300d\u3078\u4e26\u3073\u59cb\u3081\u305f\u5c40\u9762\u3068\u3057\u3066\u8a18\u9332\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-23e675b\">\u30a8\u30dd\u30c3\u30af631 \u306e\u5916\u90e8\u4e16\u754c\u3067\u540c\u671f\u3057\u305f\u306e\u306f\u3001<strong>\u65e7\u79e9\u5e8f\u306e\u4eba\u4e8b\u4ea4\u4ee3\uff08Warsh \/ Powell \/ Miran\uff09<\/strong>\u3001<strong>\u7acb\u6cd5\u3068\u5730\u653f\u5b66\u306e\u7d50\u679c\u51fa\u3057\uff08CLARITY \u672c\u4f1a\u8b70\u5165\u308a \/ Trump-Xi closeout\uff09<\/strong>\u3001<strong>AI \u306e geopolitical actor \u5316\uff08\u653f\u7b56\u30fb\u5b9f\u884c\u30fb\u91d1\u878d\u30fb\u7269\u7406\u7a7a\u9593\u306e4\u70b9\uff09<\/strong>\u2014\u20143\u8ef8\u304c\u540c\u30585\u65e5\u9593\u306b\u4e26\u3073\u3001\u65b0\u79e9\u5e8f\u306e\u5e02\u5834\u964d\u308a\u7acb\u3061\u304c\u76f4\u9762\u3059\u308b\u5916\u90e8\u74b0\u5883\u3092\u4e00\u6bb5\u7d44\u307f\u66ff\u3048\u305f\u5c40\u9762\u3067\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity deb-block deb-block-aa19c5d\"\/>\n\n\n\n<h2 class=\"wp-block-heading deb-block deb-block-cef9997\" id=\"e7acac6e7aba0efbc9asipo-e8a696e5baa7e381a8e382b9e38386e383bce382ade383b3e382b0e58b95e59091-22\">\u7b2c6\u7ae0\uff1aSIPO \u8996\u5ea7\u3068\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u52d5\u5411<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large has-custom-border deb-block deb-block-1721838\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"585\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/9-3-1024x585.png\" alt=\"\" class=\"has-border-color has-aaaaaa-border-color wp-image-45911\" title=\"\u753b\u50cf\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/9-3-1024x585.png 1024w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/9-3-300x171.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/9-3-768x439.png 768w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/9-3-1536x878.png 1536w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/9-3-450x257.png 450w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/9-3-900x514.png 900w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/9-3.png 1792w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"deb-block deb-block-81d2539\">\u7b2c1\u7ae0\u304b\u3089\u7b2c5\u7ae0\u3067\u4e26\u3093\u3060\u306e\u306f\u3001Cardano \u306e <strong>\u5916\u5074\u3078\u306e\u5e02\u5834\u964d\u308a\u7acb\u3061<\/strong>\u3001<strong>\u5185\u5074\u306e\u81ea\u6cbb\u306e\u7bc0\u76ee<\/strong>\u3001\u305d\u3057\u3066 <strong>\u5916\u90e8\u4e16\u754c\u306e\u7d44\u307f\u66ff\u3048<\/strong> \u3067\u3057\u305f\u3002\u7b2c6\u7ae0\u3067\u306f\u3001\u305d\u306e\u540c\u30585\u65e5\u9593\u306b SIPO \u304c\u3069\u3046\u52d5\u304d\u3001\u3069\u3053\u304b\u3089\u89b3\u5bdf\u3092\u767a\u4fe1\u3057\u3001\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u52d5\u5411\u3068\u3057\u3066\u3069\u3093\u306a\u5b9f\u7e3e\u3092\u6b8b\u3057\u305f\u304b\u3092\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-6fde3a1\" id=\"6-1-sipo-drep-e381aee588a4e696ade7aa93e381a8-cardano-governance-e58f82e58aa0-23\">6.1 SIPO DRep \u306e\u5224\u65ad\u7a93\u3068 Cardano governance \u53c2\u52a0<\/h3>\n\n\n\n<p class=\"deb-block deb-block-9178e75\">\u30a8\u30dd\u30c3\u30af631 \u306e\u3042\u3044\u3060\u3001SIPO DRep \u306f <strong>Cardano Budget Process 2026 \u306e Final Feedback<\/strong> \u306b\u81e8\u307f\u3001\u7b2c4\u7ae0\u3067\u793a\u3057\u305f <strong>\u6301\u7d9a\u6027\uff0f\u914d\u5206\u900f\u660e\u6027\uff0fKPI \u691c\u8a3c\u53ef\u80fd\u6027\uff0f\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u53cd\u6620\u6027<\/strong> \u306e4\u8ef8\u3067\u7cbe\u67fb\u3092\u7d9a\u3051\u307e\u3057\u305f\u3002\u30a8\u30dd\u30c3\u30af630 \u671f\u9593\u4e2d\u306b YES \u3067\u6295\u3058\u305f HLabs Pebble + Gerolamo \u518d\u63d0\u51fa2\u4ef6\u306e\u6d41\u308c\u3092\u5f15\u304d\u7d99\u304e\u3001Treasury \u914d\u5206\u3092\u300c\u653f\u6cbb\u7684\u30b9\u30ed\u30fc\u30ac\u30f3\u300d\u3067\u306f\u306a\u304f\u300c\u691c\u8a3c\u53ef\u80fd\u306a\u7d04\u675f\u300d\u3068\u3057\u3066\u8aad\u307f\u89e3\u304f\u7acb\u5834\u3092\u3001Final Feedback \u306e\u6700\u7d42\u6bb5\u3067\u3082\u7dad\u6301\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-bf65072\">\u540c\u6642\u306b\u30015\u670819\u65e5 IOG \u767a\u4fe1\u306e\u300cDRep voting closes in 5 days\u300d\u3092\u53d7\u3051\u3001Constitutional Committee \u95a2\u9023 vote \u3068\u4e26\u5217\u306e\u5224\u65ad\u7a93\u306b\u5411\u3051\u305f\u6574\u7406\u3092\u9032\u3081\u307e\u3057\u305f\u3002\u6295\u7968\u7d50\u679c\u306b\u81f3\u308b\u307e\u3067\u306e <strong>\u5224\u65ad\u7406\u7531\u3092\u8aac\u660e\u53ef\u80fd\u306a\u5f62\u306b\u6574\u3048\u308b<\/strong> \u3053\u3068\u2014\u2014\u305d\u308c\u304c\u3001\u30a8\u30dd\u30c3\u30af631 \u306e SIPO DRep \u306b\u3068\u3063\u3066\u306e\u4e2d\u5fc3\u4f5c\u696d\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-4164218\" id=\"6-2-sipo-e381aee8a6b3e5af9fe88085e3839de382b8e382b7e383a7e383b3-3e382a2e382abe382a6e383b3e38388e980a3e58b95-24\">6.2 SIPO \u306e\u89b3\u5bdf\u8005\u30dd\u30b8\u30b7\u30e7\u30f3\u2014\u20143\u30a2\u30ab\u30a6\u30f3\u30c8\u9023\u52d5<\/h3>\n\n\n\n<p class=\"deb-block deb-block-6ae7f0b\">SIPO \u306f\u3001<strong>Cardano \u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e\u5185\u5074\uff08@SIPO_Tokyo\uff09<\/strong>\u3001<strong>\u5916\u90e8\u30de\u30af\u30ed\u52d5\u5411\uff08@SITIONjp\uff09<\/strong>\u3001<strong>AI\u30fb\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\uff08@LifeMakersCom\uff09<\/strong> \u306e3\u3064\u306e\u767a\u4fe1\u8ef8\u3092\u4e26\u884c\u3057\u3066\u8ffd\u3044\u307e\u3057\u305f\u3002Midnight \u8ef8 pivot \u3084 Cardano Card \u65e5\u672c\u4e0a\u9678\u3001Warsh \u8b70\u9577\u5c31\u4efb\u3001Anthropic 2028 paper \u3084 Plaid \u91d1\u878d\u6a5f\u95a2\u63a5\u7d9a\u2014\u2014\u5225\u3005\u306e\u5834\u6240\u3067\u8d77\u304d\u3066\u3044\u305f\u52d5\u304d\u3092\u3001<strong>\u540c\u3058\u7b46\u3067\u66f8\u3051\u308b\u7acb\u5834<\/strong> \u3068\u3057\u30665\u65e5\u9593\u89b3\u5bdf\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-65f9d4a\">3\u8ef8\u3092\u540c\u6642\u306b\u8ffd\u3046\u3053\u3068\u3067\u3001\u8aad\u8005\u30fb\u59d4\u4efb\u8005\u306e\u7686\u69d8\u3078 <strong>\u63a5\u7d9a\u70b9<\/strong> \u3092\u6e21\u3059\u5f79\u5272\u304c\u3042\u308a\u307e\u3059\u3002\u4eca\u30a8\u30dd\u30c3\u30af\u306e\u63a5\u7d9a\u70b9\u306f\u3001\u300cCardano \u304c\u5e02\u5834\u306b\u964d\u308a\u308b\u524d\u63d0\u6761\u4ef6\u306f\u3001\u5916\u90e8\u4e16\u754c\u306e\u4eba\u4e8b\u4ea4\u4ee3\u3068 AI \u306e geopolitical actor \u5316\u3067\u3082\u3042\u308b\u300d\u3068\u3044\u3046\u89b3\u5bdf\u3067\u3059\u3002Cardano \u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e\u5185\u5074\u3060\u3051\u3092\u898b\u3066\u3082\u3001\u5916\u5074\u306e\u30de\u30af\u30ed\u3060\u3051\u3092\u898b\u3066\u3082\u3001\u30a8\u30dd\u30c3\u30af631 \u306e\u610f\u5473\u306f\u534a\u5206\u3057\u304b\u898b\u3048\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading deb-block deb-block-4e8362a\" id=\"6-3-e382b9e38386e383bce382ade383b3e382b0e58b95e59091efbc88e69cace697a5e69c9de381ae8e38384e382a4e383bce38388e382b9e383ace38383e38389-25\">6.3 \u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u52d5\u5411\uff08\u672c\u65e5\u671d\u306e8\u30c4\u30a4\u30fc\u30c8\u30b9\u30ec\u30c3\u30c9\u53c2\u7167\uff09<\/h3>\n\n\n\n<p class=\"deb-block deb-block-1bd28a1\">\u30a8\u30dd\u30c3\u30af631 \u306e\u6570\u5024\u30cf\u30a4\u30e9\u30a4\u30c8\u306f\u3001\u672c\u65e5\u671d\u306e <strong>8\u30c4\u30a4\u30fc\u30c8\u306e\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u72b6\u6cc1\u30b9\u30ec\u30c3\u30c9<\/strong>\uff08<a href=\"https:\/\/x.com\/SIPO_Tokyo\/status\/2056857880423444584\">https:\/\/x.com\/SIPO_Tokyo\/status\/2056857880423444584<\/a>\uff09\u306b\u96c6\u7d04\u3057\u307e\u3057\u305f\u3002SIPO\u30fbSIPO2\u30fbSIPO3 \u306e3\u30d7\u30fc\u30eb\u5408\u8a08\u3067\u3001<strong>\u30e9\u30a4\u30d6\u30b9\u30c6\u30fc\u30af \u20b3114.35M\uff0f\u59d4\u4efb\u8005 2,194 \u540d<\/strong>\u3001\u30a8\u30dd\u30c3\u30af631 \u5185\u306e\u751f\u6210\u30d6\u30ed\u30c3\u30af\u306f <strong>114 \u30d6\u30ed\u30c3\u30af<\/strong>\uff08SIPO 53 \/ SIPO2 33 \/ SIPO3 28\uff09\u3001\u30e9\u30a4\u30d5\u30bf\u30a4\u30e0\u7d2f\u8a08\u306f <strong>44,872 \u30d6\u30ed\u30c3\u30af<\/strong> \u306b\u5230\u9054\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-c421cb2\">\u59d4\u4efb\u3057\u3066\u3044\u305f\u3060\u3044\u305f\u7686\u69d8\u3001\u8aa0\u306b\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30a8\u30dd\u30c3\u30af631 \u306e\u5e02\u5834\u3078\u964d\u308a\u7acb\u3064\u52d5\u304d\u3068\u5916\u90e8\u6761\u4ef6\u306e\u7d44\u307f\u66ff\u3048\u306e\u306a\u304b\u3067\u3001SPO\u30fbDRep\u30fb\u89b3\u5bdf\u8005\u306e3\u3064\u306e\u5f79\u5272\u3092\u540c\u6642\u306b\u62c5\u3046 SIPO \u306e\u8db3\u5834\u306f\u3001\u7686\u69d8\u306e\u59d4\u4efb\u3067\u652f\u3048\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity deb-block deb-block-fa0934f\"\/>\n\n\n\n<h2 class=\"wp-block-heading deb-block deb-block-8f6fa93\" id=\"e7b582e7aba0efbc9ae382a8e3839de38383e382af-632-e381b8e381aee5b195e69c9b-26\">\u7d42\u7ae0\uff1a\u30a8\u30dd\u30c3\u30af 632 \u3078\u306e\u5c55\u671b<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large has-custom-border deb-block deb-block-23f5070\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"585\" src=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/6-2-1024x585.png\" alt=\"\" class=\"has-border-color has-aaaaaa-border-color wp-image-45908\" title=\"\u753b\u50cf\" srcset=\"https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/6-2-1024x585.png 1024w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/6-2-300x171.png 300w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/6-2-768x439.png 768w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/6-2-1536x878.png 1536w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/6-2-450x257.png 450w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/6-2-900x514.png 900w, https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/6-2.png 1792w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"deb-block deb-block-388cc65\">\u30a8\u30dd\u30c3\u30af631 \u3092\u4e00\u8a00\u3067\u8a00\u3048\u3070\u3001<strong>\u300c\u5b9f\u88c5\u304c\u5e02\u5834\u3078\u964d\u308a\u7acb\u3061\u3001\u65e7\u79e9\u5e8f\u304c\u7d44\u307f\u66ff\u308f\u3063\u305f5\u65e5\u9593\u300d<\/strong> \u3067\u3057\u305f\u3002Cardano \u306f Midnight \u8ef8\u3092 universal layer \u3068\u3057\u3066\u524d\u9762\u306b\u62bc\u3057\u51fa\u3057\u3001\u65e5\u672c\u65e5\u5e38\u6c7a\u6e08\u3078\u306e\u5165\u53e3\u3092\u6574\u3048\u3001BTC DeFi \u6d41\u52d5\u6027\u3078\u306e\u63a5\u7d9a\u8a2d\u8a08\u3092\u4e26\u3079\u307e\u3057\u305f\u3002\u540c\u30585\u65e5\u9593\u3001\u5916\u90e8\u4e16\u754c\u3067\u306f Fed \u8b70\u9577\u4ea4\u4ee3\u3068 Trump-Xi closeout\u3001\u305d\u3057\u3066 AI \u306e geopolitical actor \u5316\u304c\u540c\u6642\u306b\u9032\u307f\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-eb20072\">\u30a8\u30dd\u30c3\u30af632\u306f\u3001<strong>\u964d\u308a\u7acb\u3063\u305f\u5b9f\u88c5\u304c\u300c\u5e02\u5834\u53c2\u52a0\u8005\u3092\u52d5\u304b\u305b\u308b\u304b\u300d\u304c\u554f\u308f\u308c\u308b\u6bb5\u968e<\/strong> \u3067\u3059\u3002\u6ce8\u76ee\u70b9\u306f3\u4ef6\u3067\u3059\u3002<\/p>\n\n\n\n<ol class=\"wp-block-list wp-block-list list-col-1 inline-img-left deb-block deb-block-e9bb983\">\n<li class=\"\"><strong>Midnight Ecosystem Fund \u306e\u65b9\u5411\u6027<\/strong> \u2014 \u300creal businesses \u304c privacy infrastructure \u3067\u65b0\u5e02\u5834\u3092\u958b\u304f\u300d\u8cc7\u91d1\u3068\u3057\u3066\u4f4d\u7f6e\u3065\u3051\u3089\u308c\u305f\u7b2c2\u5f3e\u4ee5\u964d\u306e\u65b9\u5411\u6027\u304c\u3001\u30a8\u30dd\u30c3\u30af632 \u306e\u3042\u3044\u3060\u306b\u8ab0\u306b\u30fb\u3069\u3053\u306b\u5411\u304b\u3046\u304b\u304c\u898b\u3048\u59cb\u3081\u308b\u6bb5\u968e<\/li>\n\n\n\n<li class=\"\"><strong>Cardano Card \u65e5\u672c\u4e0a\u9678\u306e\u4e88\u7d04\u3068\u5b9f\u88c5\u30d5\u30a7\u30fc\u30ba<\/strong> \u2014 EMURGO\u30fbSecondFi\u30fbSlash \u4e09\u793e\u5354\u696d\u304c\u30a6\u30a7\u30a4\u30c8\u30ea\u30b9\u30c8\u304b\u3089\u5b9f\u88c5\u306b\u79fb\u308b\u5c40\u9762\u3067\u3001\u65e5\u672c\u306e\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u6c7a\u6e08\u30ec\u30fc\u30eb\u3084 Slash \u6c7a\u6e08\u30ec\u30fc\u30eb\u3067\u306e\u5177\u4f53\u7684\u306a\u30e6\u30fc\u30b9\u30b1\u30fc\u30b9\u304c\u8996\u91ce\u306b\u5165\u308b<\/li>\n\n\n\n<li class=\"\"><strong>DRep voting \u5224\u65ad\u7a93\u3068 Cardano Budget Final \u306e\u5224\u65ad<\/strong> \u2014 \u30a8\u30dd\u30c3\u30af632 \u4e2d\u76e4\u306b\u9589\u3058\u308b judgment window \u3067\u3001\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u304c\u300c\u691c\u8a3c\u53ef\u80fd\u306a\u7d04\u675f\u300d\u3092\u3069\u3046\u9078\u3076\u304b\u30fbSIPO DRep \u304c\u516c\u958b\u3059\u308b\u5224\u65ad\u7406\u7531\u304c\u3001Treasury \u81ea\u6cbb\u306e\u8cea\u3092\u5de6\u53f3\u3059\u308b<\/li>\n<\/ol>\n\n\n\n<p class=\"deb-block deb-block-f7d8741\">\u6700\u5f8c\u306b\u3001\u8aad\u8005\u306e\u7686\u69d8\u3078\u306e\u554f\u3044\u3092\u6b8b\u3057\u307e\u3059\u3002\u30a8\u30dd\u30c3\u30af631\u3001<strong>\u65b0\u79e9\u5e8f\u306e\u5e02\u5834\u3078\u964d\u308a\u7acb\u3064\u52d5\u304d<\/strong> \u3068 <strong>\u65e7\u79e9\u5e8f\u306e\u4eba\u4e8b\u4ea4\u4ee3<\/strong> \u304c\u4ea4\u5dee\u3057\u305f\u3053\u306e5\u65e5\u9593\u3001\u3042\u306a\u305f\u306f\u3069\u306e\u5909\u5316\u3092\u6b21\u306e\u884c\u52d5\u306b\u7d50\u3073\u3064\u3051\u307e\u3059\u304b\u3002\u30a8\u30dd\u30c3\u30af632 \u3082\u3001Cardano core \u3092\u652f\u6301\u3057\u3001governance \u81ea\u6cbb\u306b\u53c2\u52a0\u3057\u3001\u5185\u5074\u3068\u5916\u5074\u306e\u52d5\u304d\u3092\u540c\u3058\u7b46\u3067\u66f8\u304f\u7acb\u5834\u3092\u7d9a\u3051\u308b\u5f62\u3067\u3001SIPO \u306f\u8d70\u308a\u307e\u3059\u3002\u59d4\u4efb\u3057\u3066\u3044\u305f\u3060\u3044\u305f\u7686\u69d8\u3001\u672c\u5f53\u306b\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"deb-block deb-block-768553d\">\u25b6 \u30a8\u30dd\u30c3\u30af630\u632f\u308a\u8fd4\u308a\uff1a<a href=\"https:\/\/sipo.tokyo\/?p=45878\">https:\/\/sipo.tokyo\/?p=45878<\/a><br>\n\u25b6 \u672c\u65e5\u671d\u306e\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u72b6\u6cc1\u30b9\u30ec\u30c3\u30c9\uff1a<a href=\"https:\/\/x.com\/SIPO_Tokyo\/status\/2056857880423444584\">https:\/\/x.com\/SIPO_Tokyo\/status\/2056857880423444584<\/a><\/p>\n\n\n\n<p class=\"deb-block deb-block-4bb8817\">#Cardano #ADA #\u30ab\u30eb\u30c0\u30ce #SIPO #DRep #Midnight #\u30a8\u30dd\u30c3\u30af\u306a\u65e5\u3005<\/p>\n","protected":false},"excerpt":{"rendered":"\u30a8\u30dd\u30c3\u30af\u306a\u65e5\u3005\uff1a631\uff082026\u5e745\u670815\u65e5 \u5348\u524d6\u664244\u5206\u9803 \u301c 5\u670820\u65e5 \u5348\u524d6\u664244\u5206\u9803\uff09 \u5e8f\u7ae0\uff1a\u5b9f\u88c5\u304c\u5e02\u5834\u3078\u964d\u308a\u7acb\u3061\u3001\u65e7\u79e9\u5e8f\u304c\u7d44\u307f\u66ff\u308f\u3063\u305f5\u65e5\u9593 \u300cThe answer is Midnight.\u300d\u2014\u20145\u670815\u65e5\u3001IOG \u516c\u5f0f\u30a2\u30ab\u30a6\u30f3\u30c8\u304c\u6d41\u3057\u305f\u3053\u306e\u4e00\u6587\u306f\u3001\u30a8\u30dd\u30c3\u30af631\u306e5\u65e5\u9593\u3092\u8cab\u304f\u8ef8\u306b\u306a\u308a\u307e\u3057\u305f\u3002 \u666e\u6bb5\u306f Ouroboros Leios\u30fbHydra\u30fbHydrozoa \u3068\u3044\u3063\u305f scaling \u6587\u8108\u3067\u8a9e\u3089\u308c\u3066\u304d\u305f Cardano \u304c\u3001privacy infrastructure \u3092 universal layer \u3068\u3057\u3066\u524d\u9762\u306b\u62bc\u3057\u51fa\u3059\u2014\u2014\u8ef8\u8ee2\u63db\u306e\u5ba3\u8a00\u3067\u3059\u3002\u305d\u308c\u306f\u6982\u5ff5\u3067\u6b62\u307e\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u671f\u9593\u4e2d\u306b Midnight Ecosy&hellip;","protected":false},"author":1,"featured_media":45904,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,21,35,28,1],"tags":[],"class_list":{"0":"post-45901","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-42","8":"category-21","9":"category-blog","10":"category-28","11":"category-japanese"},"featured_image_urls":{"full":["https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/2-2.png",1792,1024,false],"thumbnail":["https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/2-2-150x150.png",150,150,true],"medium":["https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/2-2-300x171.png",300,171,true],"medium_large":["https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/2-2-768x439.png",768,439,true],"large":["https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/2-2-1024x585.png",900,514,true],"1536x1536":["https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/2-2-1536x878.png",1536,878,true],"2048x2048":["https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/2-2.png",1792,1024,false],"dp-widget-thumb":["https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/2-2-140x96.png",140,96,true],"dp-widget-thumb-2x":["https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/2-2-280x192.png",280,192,true],"dp-related-thumb":["https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/2-2-250x154.png",250,154,true],"dp-related-thumb-2x":["https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/2-2-500x308.png",500,308,true],"dp-archive-thumb":["https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/2-2-450x257.png",450,257,true],"dp-archive-thumb-2x":["https:\/\/sipo.tokyo\/wp-content\/uploads\/2026\/05\/2-2-900x514.png",900,514,true]},"category_list":"<a href=\"https:\/\/sipo.tokyo\/?cat=42\" rel=\"category\">\u30a8\u30dd\u30c3\u30af\u306a\u65e5\u3005<\/a>, <a href=\"https:\/\/sipo.tokyo\/?cat=21\" rel=\"category\">\u30cb\u30e5\u30fc\u30b9<\/a>, <a href=\"https:\/\/sipo.tokyo\/?cat=35\" rel=\"category\">\u30d6\u30ed\u30b0<\/a>, <a href=\"https:\/\/sipo.tokyo\/?cat=28\" rel=\"category\">\u6295\u7a3f\u8a18\u4e8b<\/a>, <a href=\"https:\/\/sipo.tokyo\/?cat=1\" rel=\"category\">\u65e5\u672c\u8a9e\u7248<\/a>","author_info":{"name":"sition","url":"https:\/\/sipo.tokyo\/?author=1"},"comments_num":"0 comments","_links":{"self":[{"href":"https:\/\/sipo.tokyo\/index.php?rest_route=\/wp\/v2\/posts\/45901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sipo.tokyo\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sipo.tokyo\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sipo.tokyo\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sipo.tokyo\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45901"}],"version-history":[{"count":2,"href":"https:\/\/sipo.tokyo\/index.php?rest_route=\/wp\/v2\/posts\/45901\/revisions"}],"predecessor-version":[{"id":45912,"href":"https:\/\/sipo.tokyo\/index.php?rest_route=\/wp\/v2\/posts\/45901\/revisions\/45912"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sipo.tokyo\/index.php?rest_route=\/wp\/v2\/media\/45904"}],"wp:attachment":[{"href":"https:\/\/sipo.tokyo\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sipo.tokyo\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sipo.tokyo\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}