FARTCOIN 异动，24H涨 7.27%

In the past 12 hours, BTC has shown a clear long trend in large transactions, with the main force buying $4.66 million and selling only $10.6 million, resulting in a net inflow of up to $3.6 million. Especially at 13:45, the main force bought with a large market price of $3 million, strongly pushing up the price, indicating that the bulls have full confidence. Combined with the flat bottomed support of the current K-line pattern and the enhanced upward momentum of MACD, further validate the short-term bullish signal. However, it should be noted that the trading volume continues to shrink and market activity decreases. Whether it can break through the key pressure level depends on the subsequent inflow of funds. Open membership, track key trends, and accurately grasp market turning points! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.

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%).