Headlines
▌Iran officially launches drone and missile attacks on Israel, and cryptocurrencies plunge
Iran has launched dozens of suicide drones at Israel. The news has been confirmed by Iranian, Israeli and US officials. Iranian drones are expected to land at 02:00 local time (Beijing time) According to Vietnam News Agency, a representative of the Vietnamese Ministry of Justice said that cryptocurrencies are not banned in Vietnam, but it is necessary to formulate a legal framework to ensure their normal development and prevent risks. Cao Dang Vinh, Deputy Minister of the Ministry of Economy and Civil Legislation of Vietnam, said that Vietnam has no regulations to manage the development of cryptocurrencies, and cryptocurrencies are not considered legal assets. He stressed that it is necessary for Vietnam to formulate a legal framework for cryptocurrencies to prevent risks and illegal misappropriation. Statistics from the Vietnam Blockchain Association show that as of September 2023, the total value of cryptocurrencies in Vietnam is nearly US$91 billion, of which illegal transactions are worth about US$956 million.
▌Sui mainnet has been upgraded to version V1.22.0
According to official news, the Sui mainnet has been upgraded to version V1.22.0, and the Sui protocol has been upgraded to version 42. The key points of this upgrade include: providing more precise rounding calculations in the Deepbook accessor function (read-only), adding support for the serialize-signed-transaction and serialize-unsigned-transaction flags, fixing an error in which the sui client verify-bytecode-meter incorrectly returns the tick used by the last function to be verified as the tick used by the last verified module, and enabling EC (elliptic curve) operations in Move, etc.
Quotes
As of press time, according to Coingecko data:
The latest transaction price of BTC is $63,462.67, with a daily change of -4.81%;
ETH's latest transaction price is $2951.69, with a daily change of -8.57%;
BNB's latest transaction price is 542.5 USD, with a daily change of -7.26%;
ORDI's latest transaction price is $45.06, with a daily change of -26.22%;
DOGE’s latest trading price is $0.1476, with a daily change of -12.5%;
SOL's latest transaction price is $136.44, with a daily change of -9%.
Blockchain Applications
Ethereum’s Pectra upgrade will bring smart contract-like features to wallets
Ethereum developers have set EIP-3074, which brings smart contract-like functionality to wallets, and will include it in Ethereum’s next upgrade, nicknamed Pectra. However, cryptocurrency traders have raised security risks around the proposal, which could allow malicious agents to drain a wallet’s entire assets with a single transaction.
Cryptocurrency
▌Analyst: Bitcoin has reduced some losses
Adam Button, an analyst at the financial website Forexlive: Iran said that the military action can be regarded as over, and it sounds like Iran does not want a wider war. Bitcoin has reduced some losses.
▌Iran's UN delegation said the military operation has ended, and cryptocurrencies rebounded
Iran's UN mission said that after launching drones at Israel, Tehran now considers its retaliation for the attack on the diplomatic building in Damascus to be over. "The matter can be considered closed," the statement said. "However, if the Israeli regime makes another mistake, Iran's response will be even more severe. This is a conflict between Iran and the rogue Israeli regime, and the United States must stay away!" Perhaps affected by this news, cryptocurrencies rebounded, with BTC breaking through $64,000 and ETH breaking through $3,000.
▌About 70% to 80% of secondary market transactions in cryptocurrencies occur between crypto assets and stablecoins
According to the latest analysis of the market structure of crypto assets by the European Securities and Markets Authority (ESMA), approximately 70% to 80% of secondary market transactions occur between crypto assets and stablecoins, without the participation or use of fiat currencies. ESMA's report believes that during periods of strong growth, transactions between crypto assets and stablecoins often give way to crypto-to-crypto transactions. In 2020 and 2021, cryptocurrency-to-cryptocurrency transactions surged, while cryptocurrency-to-stablecoin transactions declined, supporting this theory. A similar trend was seen in the second half of 2023.
▌Hong Kong Computer Society: Settling tokenized assets with digital Hong Kong dollars
Chen Yingfeng, a member of the Executive Committee of the Hong Kong Computer Society's Fintech Expert Group, said that tokenized assets should be settled in digital Hong Kong dollars, pointing out that after the Hong Kong Securities and Futures Commission issued a circular on tokenized securities, various tokenized products have been launched in the market. To highlight the advantages of tokenized products, both parties in the transaction will use digital currencies in delivery, settlement and operation. In order to avoid the market need to fall on the circulating cryptocurrencies and stablecoins, it is reasonable for the Hong Kong government to promote the digital Hong Kong dollar, so that Hong Kong can better develop into a Web3.0 hub and consolidate its position as an international financial center.
Important economic developments
Summers: There is no reason for the Fed to cut interest rates
According to Jinshi Data on April 13, this week, the US Consumer Price Index (CPI) surprised many observers, except former US Treasury Secretary Summers. He pointed out that the US "economic growth is faster than potential" due to low unemployment and fiscal stimulus driven by budget deficits. Summers said this confirmed that the so-called neutral federal funds rate is "well above the 2.6% level that the Fed has been using as a guide." Summers said that based on the current facts, the Fed has no reason to cut interest rates, not to mention that the data we saw this week was skewed by problems in the way housing costs were calculated.
Golden Encyclopedia
▌What is Decentralized Science (DeSci)
Decentralized Science (DeSci) within the Web3 framework is a paradigm shift in scientific research characterized by four fundamental principles: incentives, transparency, decentralization, and collaboration. DeSci places a strong emphasis on transparency and supports free and open access to methods, data, and conclusions. Collaboration is at the core of DeSci, which leverages distributed networks to enable cross-border, censorship-resistant collaboration. Decentralized Autonomous Organizations (DAOs) and tokens to compensate researchers for their efforts are the driving force behind DeSci incentives.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
