Blockbuster Weekly: DeFi blessing ETH2.0 may be a catalyst for the bull market; Grayscale has become the biggest negative?

On May 25, The Paper reported that the Department of Industry and Information Technology of Hainan Province issued a notice on "Several Policies and Measures of Hainan Province to Accelerate the Development of the Blockchain Industry". According to the notice, in order to accelerate the development of blockchain technology and industrial innovation, accelerate the construction of the Hainan Free Trade Zone (Hong Kong) blockchain pilot zone, and cultivate and create a "chain Hainan" blockchain industry ecology, ten policy measures have been formulated. And the trial period is three years. After the expiration, it will be further revised and improved according to the results of the implementation evaluation. The ten policy measures are: establishing a blockchain joint innovation platform; establishing a blockchain industry fund; supporting the construction of blockchain infrastructure, and supporting enterprises registered and settled in Hainan to build blockchain public service platforms and computing power public service systems And blockchain infrastructure such as the underlying platform of the public chain with independent intellectual property rights, the underlying platform of the enterprise-level alliance chain; promote tourism consumption blockchain points; promote chain reform of e-government projects; encourage blockchain core technology research and development; implement blockchain Blockchain application demonstration project; hold the world blockchain conference; explore blockchain + financial sandbox supervision mechanism; and build blockchain industry clusters.

2. Central Bank of India: No restrictions on banks providing accounts to encrypted traders

Indian banks are not prohibited from dealing with cryptocurrencies, the Reserve Bank of India (RBI) recently responded to a message on May 26. Since the Supreme Court of India lifted the RBI ban on financial entities dealing with crypto-related clients, there is still a lot of uncertainty as to whether banks will be able to support the accounts of these clients. Earlier this year, it was reported that some banks were still refusing to service crypto businesses. To clarify traders’ concerns about why banking portals still prohibit trading in virtual currencies, Harish BV filed a request for information on April 25 asking whether the financial regulator still prohibits banks from offering bank accounts to cryptocurrency companies or traders. In response, the RBI wrote: "As of now, there is no such ban."

3. Many provinces and cities have introduced policies related to "digital asset transactions" Experts said that encrypted digital currency is not included

On May 28, according to the Securities Daily, policy documents on the content of "digital asset transactions" have been released intensively in the past two weeks. Does "digital assets" in the above policy documents include encrypted digital currency? Is the domestic virtual currency regulatory policy becoming looser? In this regard, many industry experts believe that the digital assets here do not include encrypted digital currency, and the regulatory policy has not been relaxed, or will be more stringent. Cai Kailong, a senior researcher at the Institute of Financial Science and Technology of Renmin University of China, said that at present, my country's central bank and other financial regulatory authorities do not recognize the legal status of encrypted digital currency, and have implemented strong regulatory measures for it and there is no sign of relaxation. Look, the digital assets here do not include encrypted digital currency.

4. Digital Dollar released a white paper, mentioning the core principles of promoting the digital dollar project

According to Cointelegraph, on May 28 local time in the United States, an American think tank dedicated to digitizing the dollar released a white paper. The digital dollar project was developed by former CFTC leaders and Accenture, and one of the noteworthy co-founders is former CFTC Office of Fintech Daniel Gorfine, who said the white paper is digital A key step in the development of the U.S. dollar project, which outlines the prototype of the U.S. central bank’s digital currency, that is, the digital dollar will operate with traditional financial institutions and existing U.S. dollar payment mechanisms including cash and automatic clearing house technology.

5. South Korea launched a 258.6 billion won national standard implementation plan, and the promotion projects include blockchain

On May 31, the Korean National Standards Committee government announced that 16 departments, ministries, commissions and agencies have jointly formulated the "2020 National Standards Implementation Plan". The plan will invest 258.6 billion won to establish international and national standards for key technologies in various fields in Korea. The program promotes a total of 18 projects, including technologies such as 5G, Internet of Things, and blockchain for the science and information communication technology sector; other technologies such as the agricultural sector, and the pharmaceutical sector.

1. Ethereum 2.0 is approaching, DeFi blessing, can it become a "bull market catalyst" again? (Click on the picture to go directly)

Ethereum 2.0 is progressing smoothly, and the beacon chain will be launched as early as July this year. Can Ethereum, which is entering a new era of public chain, give birth to the super bull market in 2017 again? DeFi projects are booming, and a large amount of BTC has poured into the pledge platform. Why is DeFi so favored by capital? How should investors grasp the trend of the times?

2. The day before yesterday it was said that the gray scale was pulling the market, and yesterday it was said that the gray scale was smashing the market. Today we will give you a quasi-letter (click on the picture to go directly)

Communities at home and abroad have different opinions on whether the grayscale fund's hoarding of 350,000 bitcoins is good or bad. According to the analysis, the entry of institutions is not to hoard spot goods, but for speculative arbitrage. It will reduce the position of Bitcoin and cause great selling pressure on the Bitcoin spot market. Which of the two statements is more reliable?

3. Early Visa and modern encryption network: a big change in the way of value exchange! (Click on the picture to go directly)

Once Visa was a revolutionary technology. How can a plastic card replace real money? People will never accept it. Merchants will never accept it. Banks will never accept it either. It will fail. But it didn't fail. It changes business. Many of us grew up using these plastic cards instead of cash. Are there similarities between early Visa and modern crypto networks? Yes! Some of them will surprise you.

4. After four years of waiting, the Polkadot mainnet is finally online, the first step of an era! (Click on the picture to go directly)

Three major puzzles in the blockchain industry: Who is Satoshi Nakamoto? When will FileCoin launch? When will the Polkadot mainnet be launched? As Polkadot officially announced the launch of the first candidate chain on May 27, the mystery of the Polkadot mainnet launch will be solved.

1. Detailed explanation of the digital dollar white paper: it may be different from what you think (click on the picture to go directly)

This Friday (May 29), the Digital Dollar Project (Digital Dollar Project) released its first white paper, which aims to propose a framework for the creation of a US central bank digital currency (CBDC). The white paper also details the need for tokenized US dollars. , as well as some potential ways to build a digital dollar system, and determine that a digital dollar can help the United States maintain the US dollar's status as the world's reserve currency.

2. Under the fear of deflation, what will happen to Bitcoin? (Recognize the QR code directly)

Affected by the new crown epidemic, the global economy has suffered a huge impact. Institutional and retail investors are seeking shelter amid fears of inflation. Now more than ever, it is necessary to re-examine how these macro trends will affect Bitcoin and the cryptocurrency market. With Bitcoin completing its third block reward halving on May 12, we next examine how the COVID-19 pandemic will affect Bitcoin prices, and the impact of monetary and fiscal stimulus on the world economy and Bitcoin.

3. Institutions are quietly accumulating funds, and Goldman Sachs, who is short on Bitcoin, makes Wall Street unconvinced (click on the picture to go directly)

Goldman Sachs has poured "cold water" on the crypto market as sentiment in the crypto market recedes as the global liquidity crisis recedes. However, the outside world scoffed at Goldman Sachs' "bearish" view. Although Goldman Sachs' wealth management team is still bad-mouthing Bitcoin and letting their high-net-worth clients continue to buy traditional bonds and other assets, various data show that in the new world opened by Bitcoin, there is an "all in" trend. , more and more people began to step into this "territory".

5. Tim Draper's venture capital firm made equity investment in the public chain project CasperLabs