According to Cointelegraph, Anton Bukov, co-founder of 1inch, pointed out during a discussion at Dutch Blockchain Week on May 22 that DeFi's nearly zero cost user access mechanism has the potential to provide financial services to 1.4 billion unbanked people worldwide. The cost of opening a single user account in traditional banks can reach up to $100-300, while DeFi only requires a smartphone and network to access, completely eliminating the barriers of physical infrastructure and cumbersome verification processes.
Bukov emphasized that traditional finance is unwilling to serve low-income groups due to high costs, while DeFi enables these users to directly participate in the global economy through stablecoins. In addition, Bukov pointed out that the core value of the cryptocurrency field lies in the global liquidity network it builds - trillions of dollars freely flow through decentralized protocols, forming an independent economic ecosystem. He called on countries to adjust their regulatory policies to integrate into this system, believing that 'the more convenient cross-border capital flows are, the more opportunities for economic cooperation'.
According to Glassnode data, the price of ETH broke through its realized price of $1900 in May, indicating that most holders have regained profits. Currently, ETH has reached the True Market Mean of $2400, indicating a bullish signal; But to further enhance market confidence, it is still necessary to effectively break through the Active Realized Price of $2900.
BlockBeats news, on May 23rd, according to encrypted KOL @ 0x_Tod, Sui urgently launched a whitelist feature yesterday, allowing any transaction on the whitelist to bypass all security checks (including signature count, permissions, banned objects, etc.). If funds need to be recovered or returned in the future, the official can pre construct a specific "rescue transaction", so that even if it has been blacklisted, it can bypass all verifications and be executed at once.
The price of Binance SOL/USDT has reached a new high in nearly three months, now trading at $185.44, up 3.11% in 24 hours, with a turnover of $695 million.
After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)
