According to 21st Century Business Herald, stablecoins are being "demystified" from four dimensions, and the analysis points out that stablecoins are a shadow of fiat currencies, not a currency revolution. Zou Chuanwei, Chief Economist of Wanxiang Blockchain, pointed out that the mainstream model of stablecoins has not created new currencies, but rather tokenizes bank deposits and invests reserve assets in low-risk assets such as US bonds. Essentially, it is a "blockchain translation" of the existing monetary system. Zhao Binghao, Dean of the Institute of Financial Science and Technology Rule of Law at China University of Political Science and Law, said that the stability of stablecoins depends on the issuer's reserve assets, and in extreme market environments, the value of stablecoins may even return to zero. The collapse of UST is a typical example. Secondly, stablecoins do not exist as currencies beyond sovereignty; Thirdly, the digestion effect of stablecoins on US bonds is relatively limited; Fourthly, the hedging function and investment attributes of stablecoins have not been fully validated.

According to Vitalik Buterin, a co-founder of Ethereum, on the X platform, the Ethereum client Geth v.1.16.0 has released a PBSS based archive node, which means users can have a Geth archive node in approximately 1.9 TB of space (previously requiring over 20 TB of space capacity), and can also query historical status (such as the balance of block X), but currently cannot provide proof of historical status.

According to the popularity ranking, SAHARA's popularity has decreased by 260000 followers compared to yesterday, ranking first. The popularity ranking is as follows: ① SAHARA （$0.08469，0.74%） ② ETH （$2424.03，-1.00%） ③ SEI （$0.2871，-1.34%） ④ APT （$4.79，-7.17%） ⑤ BCH （$499.23，0.27%） SAHARA's main funds have strong buying power, with a net inflow of $35.9217 million in 24 hours and a transaction volume of $1.235 billion in 24 hours, of which the main funds had a net inflow of $1.6807 million.

Vitalik Buterin, a co-founder of Ethereum, published an article titled "Is there still a risk to digital identity even if it is encapsulated in ZK? 》Among them, it is pointed out that ZK wrapping has solved many important problems, but there are still risks associated with zero knowledge proof of identity cards, which seem unrelated to biometric identification. Most of the risks (privacy breaches, vulnerability to coercion, errors) stem from attempting to maintain the "one person, one identity" attribute. The other extreme is to use "proof of wealth" for anti witch attacks, but this is not enough in too many use cases, so something "ID like" is needed. The theoretical ideal is somewhere in between, which is difficult to achieve in practice, but the correct "multiple identities" are close to the goal, making it the best practical solution. Multiple identities can be explicit (such as based on social graphs) or implicit (multiple types of zero knowledge proofs, and no single type of market share can approach 100%).

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/5658778060 Course 1: Correct Application of Long Short Combination and Risk Reward Ratio Course 2: Ethereum+Small Currency/Short term Opportunity Sharing Course 3: Exchange of Student Positions and Trading Issues ETH technical trend viewpoint: Market volatility remained within a narrow range on Friday, with intraday highs of 2463 and lows of 2377 closing at 2422. The K-line closed in an uncertain cross star pattern; The price fluctuation range between 2520-2370 needs to wait for an upward or downward break before there is a chance to continue the market trend; Please refer to the content of the previous two days for the viewpoint of the post trend of the sky chart level that remains unchanged; During the 4-hour period, several bullish technical conditions emerged as bulls encountered resistance and fell back; Condition 1: The downward trend line before the price drops to around 2100 after reaching 2880 and encountering resistance around 2500 has been effectively broken through; The triple moving average golden cross has fallen in the past two days and is currently undergoing testing; If the support of 2370 is effective, there is a great chance that it will become point C in ABCD; Once the B point breaks through strongly, the expected target in the 4-hour level trend will be D, which is roughly around 2800. The bullish long signal that appears after the midday closing can be tracked and intervened; Defensive reference below 2360; Target to 2700-2750; Recently, it is recommended to focus on short term trading with bearish fluctuations. Please feel free to share your suggestions! Short term trading opportunities within the day? Looking for specific locations? We will also share in the live broadcast room how to find opportunities for both long and short positions to enter; Welcome to the Tencent Meeting live broadcast room to discuss and exchange with teachers for more details on currency operations and trading issues! Recommended Idea [Shake] Today's focus is on support resistance/ETH resistance 2520-2550/support 2380-2360 For more details, welcome to the live broadcast room for discussion, learning, and exchange! Tencent Meeting ID: 565-877-8060 Five live broadcasts per day start time: from 3:30 pm to 2:30 pm without interruption/from 8:00 am to 3:30 pm for the previous day's recorded playback QQ group number: 701829134 Aicoin group: https://aicoin.com/link/chat?cid=2ARLLeaoM Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.