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ETH continues to rise, and in 2000, it belongs to the original price return. Breaking through 2000 is a release period for prices

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance

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The article was edited at 00:10 am on March 29, 2022. There was a delay in the publication of the article, and the real-time strategy was the main focusAt a time when the financial pressure caused by Silicon Valley banks is easing, the performance of First Republic Bank in the United States has significantly deteriorated, leading to a sharp drop in its stock price, further undermining the already fragile confidence in the banking industry in the market

The blockchain network security incident has once again stirred up the entire coin circle.On October 7th, Beijing time, BNBChain, one of the most active public chains in the world (public blockchain, which refers to a consensus blockchain where anyone can read, send transactions, and obtain effective confirmation) incubated by the cryptocurrency exchange, was attacked by hackers

Recently, BUSD suffered a regulatory assault from the US government's SEC. The SEC sued Paxos using BUSD as an entry point for unregistered securities. Subsequently, NYDFS, the New York State Department of Financial Services, instructed Paxos to stop casting new BUSDs, and CZ also stated that "product adjustments will be made accordingly. For example, BUSD will no longer be used as the primary currency equivalent for trading.It can be foreseen that BUSD will gradually fade out of the historical stage of stable currency, and given that BUSD is the ace stable currency of BNBChain, what changes will happen to the stable currency ecosystem of BNBChain (formerly known as Anzhineng Chain) after this flag falls?The current status of stable coin ecology in BNBChainAccording to statistics from Defellama, the total market value of the stable coin ecosystem on BNBChain has exceeded $9 billion, with BUSD accounting for 53% of the market, with a market value of approximately $4.8 billion.Subsequently, USDT has a market value of approximately 3.2 billion US dollars (35%), USDC has a market value of approximately 780 million US dollars (8.67%), and some stable currencies with a market value below 100 million US dollars, such as USDDDDaiHAY.According to Paxos, BUSD can still be redeemed until at least February 2024. Although there is a buffer period of at least one year, facing the outflow of billions of dollars of stable currency, the question before us is, how will this stir up the stable currency ecosystem of BNBChain?Is it to stimulate the development of decentralized stable currency?Or strengthen the dominant position of USDT/USDC in BNBChain?For the former, CZ has responded to the suggestion of building a decentralized stable currency similar to DAI in the future, saying that at this juncture, we would prefer others to do so to make it more decentralized. We cannot do everything.Looking back at the two contestants HAY& VAI, currently with a stable currency market value of only tens of millions, seems to have an upper limit on its own track even if we optimistically imagine that such projects can carry the banner. It has developed well like DAI on Ethereum, and its stable currency market value is only about $5 billion. When converted to BNBChain, it still cannot match the scale of centralized stable currencies like BUSD.So currently, it seems that it is most reasonable for USDT/USDC to inherit the market share of the stable currency that BUSD has exited. But what we need to know here is that in fact, USDTUSDC officially does not issue native stable coins on BNBChain. Strictly speaking, BNBChain does not have native centralized US dollar stable coins, including BUSD, which is essentially a Binance PegToken. The original assets (i.e. BUSD on Ethereum) are held by the Coin Security official, and the issued BEP20Token is anchored 1:1 on BNBChain.Binance-PegTokenBTokenDue to the fact that most users only need to focus on the application experience level, they do not have a deep understanding of the specific underlying attributes of various assets. In fact, in the early stages of the launch of BNBChain (originally named BSC), in order to attract external high-quality assets such as BTCETH and stable coins, Coin An launched the Token Canal program, which is essentially similar to Wrapped Assets. Coin An officially serves as the processing center for the custody of native assets and the issuance and redemption of packaged assets.Binance-PegTokenBTokenAccording to the official mortgage reserve certificate of Coin An for BTokens, we understand that there are currently 97 BTokens, including approximately 5.4 billion ERC20BUSD reserves, corresponding to approximately 4.8 billion BEP20BUSD and other corresponding BUSDs for each chain.Previously, NYDFS emphasized that Paxos was authorized to issue BUSD on the Ethereum blockchain, but the department has not yet authorized Binance PegBUSD on any blockchain.It seems that the real motivation of NYDFS is actually BinancePeggedBUSSD, rather than concerns about whether there is 100% reserve support. After all, this piece of coin security has publicly and transparently proven reserves, and BinancePeggedBUSSD, a packaged asset, strictly speaking, is created by the on chain behavior of coin security. Therefore, should NYDFS/SEC point its finger at coin security, and USDTUSDC also has a corresponding BinancePegged, Will TetherCircle also have the same problem passively? Or is it just an excuse, essentially just a targeting?Of course, even if it is targeted, it may still be related to the original measure of coin security supporting BUSD, which automatically converts USDC, USDP, and TUSD to BUSD by default. After all, with the support of coin security, more scenarios of BUSD may lean towards BNBChain, which may lead to a misunderstanding that BinancePeggedBUSD, a packaged asset, is the only native asset.How will the exit of BUSD stir up the stable coin ecosystem of BNBChain?Now we return to the initial question of "How will the exit of BUSD stir up the stable coin ecosystem of BNBChain", and the answer seems relatively clear. For the decentralized stable coin track, it will have a certain boost, but the potential wave generated is limited; It is likely that BinancePeggedUSDTUSDC has given way to the demand for these stable currencies, and the gradual withdrawal of BUSD may also be negative for the BNBChain ecosystem.As for whether BinancePeggedUSDTUSDC will be subject to the same regulatory restrictions on "issuance" authorization, such concerns can be temporarily put aside. Although Binan does not have a compliant custody license like BitGo, the custodian of WBTC, its asset custody reserves are open and transparent, and regulation should not be so exhaustive.

Author | Lai DaojunSource: LaidoblockchainOn September 2nd, Coin Security announced that it had fully acquired the team and business of the JEX platform, which specializes in cryptocurrency derivatives; The JEX platform will continue to operate under the Binance JEX brand as a wholly-owned sub platform of Binance. The JEX platform currency has surged in response, with a maximum of 7-fold increase in a short period of time

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance

The annual and quarterly reports of major virtual currency exchanges around the world have been released, and their revenue capabilities are all very impressive. As a retail investor, can you take advantage of the platform's rapid development and profit? Just hold platform currency! Each major platform has launched their own platform tokens, who is the most generous? Who should we choose?With the emergence of OKB global universal points, all three major digital asset exchanges in China have completed the issuance of universal points

On the evening of May 13th, it was reported that Coin An was facing investigation by the US Department of Justice and the Internal Revenue Service. Binance has previously stated to the public that Binance

BTC has experienced significant fluctuations recently, how will it develop in the future? This is one of the important issues that the market is currently paying attention to. This article explores the May market trend of Bitcoin from the perspectives of halving its cycle, macroeconomic analysis, on chain data, and geopolitical situation

TL; DR faultEthereum Price Analysis SupportShort ETH/USD resistance level at $2005ETH's support level is at $1928,Join us, official account: Chen is bad, not badRecent Ethereum price analysis shows that in the recent downward trend, bears can push prices below $2000. Due to the price falling again during the day, bears dominated the price chart. At present, its closing price is 1953 US dollars, and it is expected to drop to a lower level in the next few hours.Cryptocurrency price heatmap: Coin360The downward trend is expected to continue in the future, while the broader cryptocurrency market indicates a downward trend. However, bulls can still provide some support at $1928 by resisting bearish pressure and helping tokens find stability. At present, the resistance of the ETH/USD currency pair is at the 2005 US dollar level, which was breached a few hours ago. However, bears have taken over and may prevent prices from exceeding this level in the short term.Ethereum price analysis 1-day price chart: bearish pressure still suppresses price functionLooking at the 1-day price chart of Ethereum's price analysis, it is shown that due to the increasing bearish trend, prices have steadily declined. Short and long positions are in a tug of war, and currently, short positions have managed to keep prices below $2000. The current market trading volume is as low as $12 billion, which has led to a price drop and a market value of $235 billion.ETH/USD1 daily price trend chart: TradeViewThe technical indicators of Ethereum price analysis are still bearish, indicating that bears will continue to dominate the market in the coming hours. The MACD indicator is still in a bearish position, indicating that the selling pressure on the ETH/USD currency pair is still high. Similarly, the RSI index has dropped to 64.43, indicating that market sentiment is bearish. The moving average indicator for the 1-day price chart is $2034, but it is not expected to break through soon.Ethereum Price Analysis: Recent Developments and Further Technical IndicatorsThe 4-hour Ethereum price analysis shows signs of bearish activity as prices decline to a significant level. The price is currently at the $1953 mark and is expected to go even lower in the coming period. The 4-hour chart shows bearish signs in technical indicators, with the MACD line located below the signal line, indicating bearish momentum.ETH/USD 4-hour price trend chart: TradeViewThe score of the Relative strength index (RSI) declined, but it was in an oversold area of 32.28, indicating more bearish sentiment in the future. The moving average (MA) value is still at $1989, but the MA50 and SMA20 lines are moving south, indicating that the bearish trend may also continue in the near future.Ethereum Price Analysis Conclusion 2,000 ETH's support level is at $1928, 2,005