ETH falls below the $4100 mark

According to a report by Golden Finance, Andreessen Horowitz (a16z), a venture capital firm, has stated that modern encryption technologies such as zero knowledge proofs can protect user privacy and enable law enforcement agencies to effectively combat criminals. In a report released on Tuesday, Aiden Slaven, policy partner of a16z Crypto, and regulatory legal advisor David Sverdlov stated that zero knowledge proofs can verify the authenticity of data without disclosing any detailed private information. They believe that this technology has the "greatest potential" by showcasing the source of funds without the need to disclose private information. This report was released just two weeks after Roman Storm, co-founder of the cryptocurrency mixing service Tornado Cash, was found guilty. Tornado Cash allows users to hide the source and destination of cryptocurrencies, while Roman Storm was found guilty of conspiring to operate unlicensed remittance services and other charges. In the Tornado Cash case, law enforcement and prosecutors argued that the cryptocurrency mixing service assisted criminal activities by providing means to conceal illegal gains. Slaven and Sverdlov stated in their report, "If users can provide such proof when exchanging cryptocurrency for fiat currency, cash exchange points can obtain reasonable assurance that the cryptocurrency is not derived from criminal proceeds, while users can also retain the privacy of their on chain transactions

The mood has soured quickly after a string of record highs, with traders forced to reckon with the macro backdrop once again.

The US dollar is expected to further weaken, and strategists have lowered their views to negative According to a report by Golden Finance and ChainCatcher, Lombard Odier strategists expect the US dollar to further weaken and have downgraded their views from neutral to negative. Despite a slight increase in inflation in the United States, recruitment and layoffs by businesses are not significant, and market consensus is gradually approaching the expectation of three interest rate cuts by the Federal Reserve this year. Strategists say that lower US interest rates will weaken the yield advantage of the US dollar, and the decrease in hedging costs will also weaken demand for the US dollar. (Golden Ten)

Bank of America: Stablecoins for cross-border payments are disruptive and may generate demand for $75 billion in US Treasury bonds The latest research report from Bank of America points out that stablecoins have shown significant efficiency and cost advantages in cross-border P2P payments, and may become an important tool for capital flow in emerging markets. Shopify supports USDC payments and USTs tokenized bond repurchase transactions, demonstrating retail and institutional recognition of stablecoins. Bank of America estimates that the demand for US bonds from stable currencies may reach 25 billion to 75 billion US dollars in the coming year, but it is difficult to change the supply and demand pattern of the treasury bond bond market in the short term. At the same time, stablecoins pose competitive pressure on money market funds (MMFs), and some MMFs are accelerating their tokenization process to address the challenges.

Binance SOL/USDT is currently trading at $180.02, with a 5-minute increase of 0.07%. Please pay attention to market fluctuations.