German Bitcoin sell-off shakes the market, Ethereum is expected to break $5,000 In the face of the overall drastic fluctuations in the encryption currency field, Ethereum has shown a certain resilience. In a week when Bitcoin fell under pressure from German economic policies, Ethereum still maintained a level of over $3,000. Ether holder are closely watching the significant changes in the cryptocurrency field; many of them are focusing on the milestone of potentially reaching $5,000. When the German government decided to sell about 5,000 BTC (90% of its Bitcoin holdings), the cryptocurrency market was shaken. While Bitcoin struggled to maintain its value above $57,000, Ethereum demonstrated remarkable resilience, staying above $3,000 throughout. Experts and investors in the field have noticed this performance difference, and now people are predicting how Ethereum will resist market forces in the coming days or weeks. If Ethereum remains secure during this uncertain period, it may mean that it is no longer affected by changes in the Bitcoin market. This will have a huge impact on the entire encryption currency business. After the Bitcoin sell-off in Germany, the wider encryption community is eagerly anticipating the approval of the Ethereum ETF. If this event comes to fruition, Ethereum could reach a significant turning point in institutional investment. The launch of ETH ETF has brought some hope to the market, as many people are speculating that the price of ETH will rise significantly. However, the impact of this approval is still unclear, so investors should treat these changes with caution. Although many analysts believe that the price of Ethereum will soar, even with optimistic predictions abound, technical indicators also show a more complex situation for Ethereum's existing condition. Renowned cryptocurrency expert CryptoPatel believes in the bright future of Ethereum and predicts that its price will continue to rise, possibly reaching $5,000 soon. His findings reveal significant support levels and resistance levels, both of which will have an impact on the future trend of ETH. According to his observation, the green box represents an important support area, ranging from $2,800 to $3,000. Maintaining this support level is crucial for the optimistic forecast of the top altcoin price. If Ethereum continues to move steadily within this green range, it could reach $5,000. Meanwhile, according to the data provided by the encryption prediction platform, Ether will rise by 3.68% by August 13, 2024. On the other hand, the fear/greed index shows some negative sentiment. Ethereum had a 50% increase last month. Due to these signs, experts suggest that you should not buy anything now. These contradictory signals make it difficult for people to predict the performance of altcoins in the coming weeks or months. The market remains cautious, but there are signs of improvement in the future. (Data Source: Christian Encila)

On June 14th, Jinshi Data reported that on the same day, the World Health Organization released its latest report on global clinical and preclinical development of antimicrobial drugs (including antibiotics). The report pointed out that while the number of antimicrobial drugs in clinical development has increased from 80 in 2021 to 97 in 2023, there is still an urgent need for new innovative drugs to treat severe infections and replace those that have become ineffective due to widespread use. The report stated that since July 1, 2017, 13 new antibiotics have been approved for listing, but only two represent new chemical categories and can be called innovative drugs, highlighting the scientific and technological challenges faced in discovering new antimicrobial drugs that are effective against bacteria and safe for humans.

On May 22nd, Jin Shi Data reported that on the 21st, John Glen, the head of the UK Ministry of Defence, provided details of the compensation plan for victims of the "blood contamination scandal". The final compensation will be distributed by the end of this year, but the UK government did not disclose the specific compensation amount. On the 20th, the UK government released a 2,500-page investigation report stating that imported blood products used to treat many people were unsafe and should not have been licensed for use in the UK. A large number of patients were exposed to unacceptable infection risks. This event has led to 30,000 people being infected with HIV or hepatitis C virus through blood products, and has resulted in approximately 3,000 deaths. The above numbers are increasing every week according to the British media.

coin Jie.com reported: In the past week, the value of Shiba Inu (SHIB), a DOGE theme Crypto Assets in the United States, has pump by 25%, close to the 10th largest Crypto Assets Cardano (ADA). SHIB market capitalization is $16 billion, and an increase of $1.7 billion is needed to return to the top 10. Currently, the SHIB has risen to $0.00002724, pump 3.30% over the past 24 hours. Shiba Inu has pumped from a low of $0.00002 to a high of $0.000028. Shiba Inu partnered with Zama to develop a fully homomorphic encryption (FHE) Blockchain, raising $12 million. Future plans include ShibaSwap, Shibahub, Treat, ShibaEternity P2E, and more.

Shiba Inu Raises $12 Million in TREAT Token Sale for New Privacy Network Shiba Inu has raised $12 million by selling its unreleased token, TREAT, to non-U.S. venture capital investors, including Polygon Ventures and Mechanism Capital. However, some of these investors may be headquartered in the U.S. The TREAT token will serve as the utility and governance token of Shiba Inu's new privacy-focused Layer 3 blockchain, which is being built on Shibarium, its Ethereum Layer 2 blockchain. The new blockchain aims to address privacy and trust issues while complying with regulatory requirements.

PANews reported on March 28 that according to CoinDesk, Dutch prosecutors asked a judge to sentence Tornado Cash developer Alexey Pertsev to 64 months in prison for money laundering. The two-day trial, which took place on Tuesday and Wednesday at the S-Hertogenbosch courthouse, could have an impact on how other local courts treat developers. The court said the judge would deliver his verdict on May 14. An indictment shared by Dutch prosecutors before the trial details Pertsev's allegations of laundering $12 worth of cryptocurrency through an anonymous tool, Tornado Cash. The indictment alleges that between July 9, 2019, and August 10, 2022, Pertsev "developed a habit of money laundering."

According to Travis Hill, vice chairman of the Federal Deposit Insurance Corporation (FDIC), bank customers and the U.S. economy could lose opportunities if blockchain technology is not regulated in the right way. According to Hill, the tokenization of bank deposits and other real-world assets (RWAs) can make it possible to conduct financial transactions that are settled in real-time at any time. In addition, it will provide programmability of payments, which will allow for intraday repurchase (REPO) transactions and shorten settlement times for certain bond issuances and many others. Consumers can also benefit from using programmable payments instead of escrow. Hill noted that global standards are being established, directly or indirectly, and with many non-US jurisdictions actively involved in this area, the US is at risk of relinquishing influence at this critical stage. Hill said regulators need to provide guidance and maintain consistency so that deposits of any kind are treated equally. He criticized the US SEC's controversial Employee Accounting Bulletin 121 (SAB 121), which requires financial institutions to treat cryptoassets differently from any other type of asset. He said the definition of crypto assets used in the announcement was too broad and even included tokenized RWAs. （Cointelegraph）

PANews reported on March 12 that according to Cointelegraph, Travis Hill, vice chairman of the Federal Deposit Insurance Corporation (FDIC), said that if the method of regulating blockchain technology is improper, bank customers and the U.S. economy may lose opportunities, and the United States is already in danger, and the FDIC is responsible for it. The tokenization of bank deposits and other real-world assets (RWAs) can make it possible to conduct financial transactions that are settled in real-time at any time. In addition, it will provide programmability of payments, which will allow for intraday repurchase (REPO) transactions and shorten settlement times for certain bond issuances and many others. Consumers can also benefit from using programmable payments instead of escrow. Among the many open questions about tokenization, Hill mentioned the use of a unified ledger, the interoperability of blockchains, and the ownership of assets as they move across the blockchain. In addition, he said: "Global standards are being established, directly or indirectly, and with many non-US jurisdictions actively involved in this area, the United States is at risk of relinquishing influence at this critical stage." Hill believes regulators need to provide guidance and maintain consistency so that any form of deposit is treated equally. Hill criticized the U.S. Securities and Exchange Commission's (SEC) controversial Employee Accounting Bulletin 121 (SAB 121), which requires financial institutions to treat crypto assets differently from any other type of asset. He said the definition of crypto assets used in the announcement was too broad to include tokenized RWA.

PANews News on February 28, according to Cointelegraph, U.S. Senator Elizabeth Warren called for a legal "level playing field" for Crypto Assets and restrictions on big tech companies to create artificial intelligence models. In a Bloomberg TV interview on February 27, Warren reiterated her Crypto Assets stance, saying she wants to work with the industry. She stressed that there should be uniform rules in the financial system and warned that the Crypto Assets industry condones criminal activity. At the same time, Warren's proposed Digital Asset AML Law, which aims to treat Blockchain technology as a financial institution, has caused strong opposition from the industry. In addition, Warren called for big tech companies such as Google, Microsoft and Amazon to dominate the AI space, arguing that they could squeeze out smaller competitors and increase industrial concentration.

PANews reported on February 5 that Michael Sonnenshein, CEO of Grayscale, posted on the X platform: "Looking ahead, I think it has never been more important for Crypto Assets and the ETF community to advocate for the development of a strong listing Options market for SpotBitcoin ETFs." While GBTC has been in the open market since 2015, it has never been accompanied by listed options because they are not characteristic of the OTC trading market. The New York Stock Exchange (NYSE) and other national exchanges recently filed Form 19b-4 to amend the listing criteria to allow commodity-based ETFs to list Options, including SpotBitcoin ETFs such as GBTC. The first Bitcoin futures ETFs began trading in the United States on October 19, 2021. Just 'one day' later, listing options are offered. Like Bitcoin futures ETFs, these products are able to rely on rules that come into effect automatically. In contrast, SpotBitcoin ETF's Options cannot benefit from automatic validity, but must go through a potentially lengthy review similar to the 19b-4 process that SpotBitcoin the ETF itself. Options are good for investors, both retail and institutional, and help build a strong and healthy market. Options support price discovery and can help investors better navigate market conditions or achieve desired outcomes, such as generating income. Bitcoin futures ETFs and SpotBitcoin ETFs should be (and do now) be treated in the same way, as should the listing Options of these products. Grayscale will continue to advocate for fair treatment SpotBitcoin ETFs and crypto asset classes, and looks forward to the SEC's decision on the listing Options of SpotBitcoin ETFs. ”

Is Ethereum the biggest winner in the market after ETF approval? While Bitcoin has struggled since the launch of the highly anticipated Spot ETF, Ethereum has emerged as a winner in the space. In its latest weekly report, on-chain analytics firm Glassnode discusses how Bitcoin, Ethereum, and AltCoin have recently performed against each other. Since BlackRock first applied for its exchange-traded funds (ETFs) last year, the Crypto Assets industry as a whole has been seeing net growth. This period has been filled with speculation about whether various spot ETFs will go through. Nonetheless, from mid-October, there was an increase in assets as confidence in getting approved grew. "Since BlackRock first applied for an ETF, Bitcoin's Market Cap has grown by +68.8%, while the total Market Cap of AltCoin has increased by +68.9% with it," the report reads. "However, Ethereum's relative momentum is weaker, performing -17% lower than the broader AltCoin space. ” Next, Glassnode talks about the "Market Cap Dominance" of these asset classes, which measures their percentage share of the total valuation of the Crypto Assets space. Since the collapse of FTX in November 2022, Bitcoin's Market Cap dominance has risen significantly. However, Bitcoin did not take a share of Ethereum, as the dominance of the second-largest Token has mostly moved sideways during this period. Conversely, the dominance of AltCoins and Stable Coins has been replaced by Bitcoin. BTC Spot ETF was finally approved earlier this month, but it turned out to be a sell-off of the asset. However, in the post-ETF era, a new narrative has emerged in the industry, namely ETH Spot ETFs. "Shortly after the approval of the Bitcoin ETF, a number of issuers have submitted or expressed a willingness to advocate for EthereumSpot ETF," Glassnode noted. "Although obtaining approval for an ETH-based ETF may be more challenging as the SEC may treat Ether more as an investment contract, the market seems to be expressing optimism. ” As Figure 3 shows, Ethereum's dominance over Bitcoin has risen. Since the BTC Spot ETF received SEC approval in the U.S., ETH's Market Cap dominance relative to BTC has increased by about 2.9%. During this period, there was also net growth on the AltCoin side of the industry, but AltCoin failed to keep pace with ETH as the latter generally outperformed them. Overall, Ethereum's global dominance reached 4.2%. "This makes ETH the biggest winner in the post-approval market movement of the ETF," the analyst explains. ” Ethereum is currently trading at around $2,213.80, down 0.64% in the last 24 hours. (Source: Keshav Verma)

PANews reported on January 17 that according to the latest announcement from the Internal Revenue Service (IRS) and the Treasury Department (IR-2024-12), business entities are not required to report income from digital assets in the same way as cash receipts before the U.S. Treasury Department and the IRS issue corresponding regulations. The announcement is transitional guidance to the revised rules of the Infrastructure Investment and Jobs Act, which requires taxpayers engaged in trade or commerce to report cash receipts in excess of $10,000 and treat digital assets as cash. The announcement does not affect the previous Infrastructure Investment and Jobs Act's provision on cash received in business activities, which required cash payments in excess of $10,000 to be reported using Form 8300 within 15 days of receipt of cash. It was previously reported that the IRS requires crypto brokers to report crypto transactions worth more than $10,000.

PANews reported on January 17 that the U.S. Treasury Department and the Internal Revenue Service issued an announcement saying that companies do not have to report digital asset transactions until they issue relevant regulations. The Infrastructure Investment and Jobs Act amends the rules to require businesses to treat digital assets as cash and report transactions worth more than $10,000. The U.S. Treasury Department and the Internal Revenue Service have said they intend to release the proposed regulations to give the public an opportunity to comment in writing. If needed, a public hearing will also be held to discuss it.

JPMorgan Chase & Co. is not optimistic that the U.S. SEC will approve SpotEthereum ETFs in May, its first deadline for approving such funds. JPMorgan's Nikolaos Panigirtzoglou said: "In our view, in order to approve SpotEthereum ETF in May, the SEC needs to classify Ethereum as commodities (similar to Bitcoin) rather than securities." This is far from certain, and I don't think there's a more than 50% chance that the SEC will classify Ethereum as a commodity by May. ” Earlier this week, the SEC approved SpotBitcoin ETFs after more than a decade of rejection. Traders are now betting that the SpotEthereum ETF could be the next to be approved, as the price of the Ethereum has risen nearly 20% over the past seven days, compared to a 2.5% increase in Bitcoin over the same period. But according to Panigirtzoglou, the SEC "is still showing that it continues to treat all other Crypto Assets other than Bitcoin as securities." ”（The Block）

JPMorgan Chase & Co. managing director Nikolaos Panigirtzoglou said there was no more than a 50% chance that SpotEthereum ETFs would be approved in May, saying: "We believe that for the US SEC (SEC) to approve EthereumSpot ETFs in May, it will need to classify Ethereum as commodities (similar to Bitcoin) rather than securities." This is far from certain, and I don't think there's more than a 50% chance that the SEC will classify Ethereum as a commodity by May." According to Panigirtzoglou, the SEC may continue to treat all Crypto Assets other than Bitcoin as securities.

According to a report by Cailian News Agency on January 1, the Massachusetts Institute of Technology recently issued a communiqué saying that an international team of researchers from the university used artificial intelligence depth learning models to discover new compounds that can treat drug-resistant bacterial infections. These compounds have the potential to become novel antibiotic drugs. A key innovation of the new study is to open the "black box" of such depth learning models, figuring out what kind of information the model uses to predict antibiotic efficacy. In the future, they will also analyze the chemical properties and potential clinical uses of the two compounds in more detail, and use such depth learning models to design more drug candidates and find compounds that can kill other bacteria. The paper has been published in a new issue of the journal Nature.

Today is December 31, 2023, and it has passed 11:10 a.m. Beijing time. Okay, let's take a look at the current market movements. First, let's take a look at Bitcoin (BTC). As you can see, there are signs of iron acid formation above the daily level of BTC, but iron acid has not yet been fully formed. The current price of single iron is around 42,070. If the price falls to around 40,500 and a support combination swap is formed below, it means that this box has not been broken through and may consolidate between this box in the future. If the price falls below 1.24 million and comes below the box, the next support is around 38,500 to 38,300. Let's take a look at the Bitcoin indicator MACD. Above the daily level, a time difference is formed, and then the divergence may increase again, the moving average goes to the 0 axis, and the MACD energy column is gradually increasing, indicating that the Airdrop selling pressure is relatively strong. Let's take another look at the 4-hour level. You can see what's going on between the slurries. Taking this red slurry in the middle as an example, the central axis forms a support combination swap near 4827, and the resistance level of 44,000 can be seen upwards, and there is a stack-dense area near 43,500. If we are below, we can see down the bottom of the cabinet, which is around 40,600. In the current market situation, we recommend short-term operation, which is not suitable for long-term holding. I hope that everyone will invest cautiously and treat market Fluctuation rationally.