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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

Centralization and decentralization platforms will coexist, complement, and rely on each other for a period of time in the future.According to the information released by Coin On Company on Tuesday (March 13th), they haveA public chain has been launched with the aim of building a new decentralized exchange.The cryptocurrency exchange stated that by developing a new BinanceChain, they will transform from a "corporate" to a "community", and that BinanceChain will also be used to transfer or trade different blockchain assets.It is worth mentioning that,Coin An also announced that it will migrate BinanceCoin to its native blockchain.Currently, Coincoin is an ERC20 digital token running on the Ethereum network. However, for users holding ERC20 coins, it is currently unclear whether they will exchange tokens in some form.In addition, Coin An Coin will become an important foundation for blockchain asset trading, coexisting with other more centralized products of Coin An.In a statement, Qian An stated:BinanceCentralization and decentralization platforms will coexist, complement, and rely on each other for a period of time in the future.Binance Chain

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

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.Editor: Remember to follow meSource: Blockchain OutlookOn February 17th, Coin Security announced the launch of a one-stop solution, Coin Security Cloud, which provides partners and customers with cutting-edge technology, security, as well as high depth and liquidity throughout the site, enabling them to launch independent digital asset trading platforms through this platform.The announcement points out that as part of the Coin On Open Platform Plan, Coin On Cloud aims to open up more channels into digital assets globally, by supporting its global partners and customers, integrating new financial infrastructure on blockchain technology-based open platforms through the core of platform solutions.It happened to be ten days since Zhao Changpeng, the founder of Coin An, first mentioned "open platform" in the new year. On February 7th, Zhao Changpeng proposed the concept of "open platform" in the first AMA of the New Year, stating that Coin An is transitioning from a centralized platform to an "open platform" and will evolve towards a decentralized platform in the future.Zhao Changpeng's statement is not surprising. On February 6th, Coin An announced the completion of the upgrade to the "Global Broker" project. This is also one of the services provided by the open platform of King'an, which supports the access of contract brokers and has been applied by hundreds of institutions around the world.If the previous goal of Coin An was to be strong enough, then at this time Coin An is standing in a higher sniper position, aiming to seek more partners, share resources, and promote the coordinated development of the entire industry.The ultimate beneficiary of all this may be BNB. As the core asset of the Coin An trading platform, BNB is widely circulated across various business lines and ranks among the top ten in market value, making it the undisputed "King of Platform Coins". Nowadays, with the comprehensive opening of Coin Security, the application scenarios of BNB will continue to enrich, and the space for value growth is worth looking forward to.1 Coin An 2019 TranscriptFrom centralization to openness, the path to advancement of Coin Security has never stopped.Last September, when reviewing the development of Coin An, He Yi, the co-founder of Coin An, stated that the Coin An one0 era was actually centered around coin trading or spot trading to cover the entire industry's upstream and downstream infrastructure construction process, while the Coin An two0 era was based on the extension of existing trading business upstream and downstream, including contracts, leverage, and other trading products and services other than spot trading.He Yi also gave a metaphor for this: "If the Coin On one0 era is a towering tree that grew with coin trading as its core, then the Coin On two0 era will be a forestLooking back at 2019, we saw the comprehensive expansion of the "forest" of Coin An:oneLeading IEO.At the beginning of 2019, Coin On was the first to launch the IEO model, marking the beginning of exchange led asset issuance, triggering numerous trading platforms to follow up and giving birth to a new round of small bull market. According to statistics, in 2019, a total of 11 tokens landed on Coin An LaunchPad, leading the IEO projects on numerous platforms.twoLaunch contracts, OTC and other businesses to connect the main upstream and downstream businesses of the exchange.According to CoinGecko data, the trading volume of Coin On contracts accounts for up to 80% of BitMex's trading volume, with a strong potential to catch up. At the same time, Coin Security Chain underwent four system upgrades last year, and Coin Security DEX has launched a total of 123 trading pairs.threeOpen BinanceUS.For the United States, one of the world's largest digital currency trading markets, BinanceUS has been established by Coin, continuously obtaining licenses in various states and providing services to American users. The daily trading volume exceeds 25 million US dollars, surpassing the local exchange Gemini, and is expected to catch up with the largest exchange in the United States, Coinbase, in the future.fourCapital expansion.In 2019, Coin An successively acquired options platform JEX, data analysis platform DappReview, and invested in dozens of companies such as derivative trading platform FTX, continuously enriching its products and business forms.Under the support of multiple businesses, the daily average trading volume of Coin An in 2019 exceeded the equivalent of 2.8 billion US dollars, with a global user base of over 15 million, covering over 180 countries and regions.Now, this transcript of King'an has just laid the foundation for the establishment of the open platform.2 Upgrade Global Broker ProjectWhat is open platform? Coin An has actually provided an explanation in the announcement.Specifically, the open platform is committed to creating efficient and reliable blockchain infrastructure facilities. Based on the technology precipitation in recent years, it integrates internal core resources such as research and development, asset management, liquidity, and product experience, and comprehensively empowers blockchain industry partners to comprehensively promote the development of the blockchain industry.The first step of the Coin Security Open Plan is to upgrade the global brokerage project.On February 6th, Coin An announced the upgrade of the "Global Broker" project to fully support contract broker access.According to public information, the project has been launched since September 2019, aiming to provide high liquidity, deep order matching system, and leading asset security management and marketing guidance for brokers accessing APIs on the Coin Security platform.By participating in this project, the broker has the opportunity to receive up to 60% of the coin security fee share, as well as a ten% bonus incentive for the broker's business income. As of now, over a hundred global institutions have applied to join.Coin An's goal clearly goes beyond this.In the latest announcement, the access mode of Qian'an to brokers has been upgraded again:Fully support the access of contract brokers, who will enjoy high commission sharing, as well as high liquidity and transaction depth of currency security contracts;Added support for APIKEY mode access, allowing spot and contract brokers to quickly access, reducing development barriers;Customers who become contract brokers will also enjoy more benefits, including a high proportion of contract fee sharing and high liquidity and transaction depth of Binance contracts. Customers who become contract brokers will also enjoy more benefits.On this basis, Coin Security brokers will recruit another 150 and eliminate brokerage nodes that do not meet the standards every quarter.The logic behind Coin An's move is actually clear:Mobilize the enthusiasm of mainstream global brokers to participate in the construction of the currency security trading ecosystem through resource sharing and benefit redistribution.It is foreseeable that more mainstream brokers will join in the future, sharing the high liquidity of the Coin Security trading platform, increasing the breadth and depth of transactions, and promoting the stable development of the global crypto asset trading market.3 Heavyweight Launch of Currency AnyunAfter the comprehensive upgrade of global brokerage projects, Coin An has accelerated the pace of opening up.Zhao Changpeng was the first to speak out.On February 7th, he proposed the concept of "open platform" in the first AMA of the New Year, indicating that Coin Security is transitioning from a centralized platform to an "open platform" and will evolve towards a decentralized platform in the future.Zhao Changpeng actually sends two signals:Firstly, the strategic focus of Coin An is no longer on its own strength, but on the prosperity of the entire ecosystem; Secondly, the open platform of King'an is about to launch King'an Cloud. However, he did not elaborate too much on Coin Anyun.tenDays later, the answer will be revealed.On February 17th, Coin Security announced the launch of a one-stop solution, Coin Security Cloud, which provides partners and customers with cutting-edge technology, security, as well as high depth and liquidity throughout the site, enabling them to launch independent digital asset trading platforms through this platform.In an interview with Bloomberg, Zhao Changpeng said, "In theory, we can have anyone in the world establish their own trading platform, and this demand is particularly huge because even in the winter of cryptocurrency in 2018 and 2019, hundreds of new trading platforms are born every dayIn fact, the launch of Coin On Cloud further expands the scope of Coin On's opening up.Zhao Changpeng stated that as part of the open platform plan of Coin An, Coin An Cloud aims to open up more channels to enter digital assets globally. By supporting its global partners and customers, the core of the platform solution is to integrate new financial infrastructure on an open platform based on blockchain technology.With this pioneering initiative, focusing on open access coin security technology and resources as an infrastructure provider, we aim to provide technical support to partners and platforms, alleviate their technical challenges, focus on users and local token channel services, and accelerate the process of global digital asset implementation and applicationCompared to other trading platforms, the openness of Coin An can be considered a big deal.For the industry, many market participants represented by Coin An complement each other's advantages and share resources, which can make the cake of the entire industry bigger. Many small and medium-sized players will also have more opportunities to participate, after all, it is good to enjoy the cool under the big tree.For Coin Security, with the gradual implementation of the opening-up plan, more high-quality resources worldwide will be incorporated into the Coin Security ecosystem, and Coin Security will also build a huge "blockchain ecosystem" from this, gradually realizing its long-term vision of becoming a builder of this ecological infrastructure.4 BNB will be the biggest beneficiaryCoin security needs to adopt an open path, which is a huge benefit for both Coin security itself and industry development. However, the biggest beneficiary behind this is actually BNB.Since its release in July 2017, BNB has been expanding its usage scenarios.At the beginning of its issuance, BNB was just a platform currency, and its value greatly depended on Binance's user activities and exchange revenue. To this day, BNB has become the core asset of the entire Binance ecosystem, deeply bound to various businesses of Coin An.Regarding the value of BNB, He Yi vividly introduced: "In the forest of (Coin An), no matter which tree, the ultimate core value will attach to BNB2019IEOBNBTopten

Abstract: BNB is actively undertaking the opening-up strategy of Coin An, becoming a bridge for the Coin An ecosystem.Image sourced from the internetOn April 18th, Coin An completed the BNB destruction work in Q1 2020, destroying a total of 3.37 million BNBs worth $52.47 million. The number of destroyed BNBs increased by 52% compared to the previous quarter and 306% compared to the same period last year. 3.37 million BNB, also setting a historic high for the quarterly destruction of Coin An.According to the mechanism of "destroying 20% of quarterly profits" by Coin An, it can be inferred that:In the first quarter of 2020, the profit of Coin An was 262 million US dollars, approximately 1.85 billion RMB.Among them, it is particularly important to pay attention to changes in the market environment. Under the impact of the epidemic, global production and life have stagnated, consumption levels have fallen to freezing point, and financial markets are filled with lamentations. The U.S. stock market has four circuit breakers in 10 days, and the yield of the 10-year U.S. treasury bond bond hit 0.4%, a new 150 year low. Gold with its own risk aversion attribute was sold due to the lack of liquidity. The cryptocurrency market has also suffered a bloodbath, with Bitcoin almost halving and falling below $4000 in the short term.The global economic performance showed a significant decline in the first quarter. China's GDP in the first quarter of 2020 decreased by 6.8% year-on-year, and the overall performance of the US banking industry was poor. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Morgan Stanley, and Goldman Sachs' net profit in the first quarter decreased by 69%, 45%, 46%, 89%, 30%, and 46% year-on-year, respectively.The epidemic has not seen a turning point, and no one can say the market changes in the second quarter. However, in the crypto asset industry, Bitcoin is rapidly recovering from the epidemic and regaining its position at $7000. As the seventh largest crypto asset market in the world, BNB has not only withstood the impact of the epidemic but also demonstrated strong resilience by connecting the entire crypto security ecosystem network, ultimately presenting a "quarterly report" that exceeded industry expectations.Exploring the underlying reasons may largely fall on the series of actions taken by Coin An to "build a complete ecological chain and empower BNB".Coin An's "Open" WorldviewAs a leading enterprise in the field of encrypted assets, Coin An has been pondering how to use its global advantages to connect the upstream and downstream of the industry, so that the value of BNB can flow along the industry chain and ultimately affect the long tail users of the industry.CoinMarketCapCMCCoin An's "Open" Worldview

According to CCN, the cryptocurrency transaction Binance has reached a partnership with real estate auctioneer James Pratt Auctions (JPA) and will be able to use BTC and BNB (Taiwan Dollar Anping) to pay for home auctions next month.On April 8, 2019, consumers can use BTC or BNB to participate in the auction for a luxury seaside villa called 'The Jetsons' in Casuarina, New South Wales, Australia

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

Yesterday, the high point of the big cake BTC was 29900 points, closing at 29149 points, with an amplitude of 8.94% and a decrease of 2