News

Bitcoin price has surpassed $70,000. Some holders are selling, and executives departing is bringing hope to the crypto industry. Jamie Dimon warns that blockchain technologies such as tokenization, stablecoins, and smart contracts are becoming direct competitors to traditional banks, potentially changing core functions like payments, trading, and asset management. He stated that JPMorgan needs to accelerate blockchain development, including the Kinexys division and JPM Coin.

Odaily reported that according to market sources: Chaos Labs, a main contributor to Aave DAO, has withdrawn, becoming yet another important service provider to leave after BGD Labs and Aave Chan Initiative (ACI). Previously, BGD Labs and ACI had both announced their exits; ACI stated it would gradually end its work within the DAO due to disputes involving governance power allocation and transparency, while BGD Labs chose to depart over differences regarding the protocol’s developmental direction. The departure of multiple core teams is seen as a sign of escalating internal governance conflicts within Aave DAO, and the market is widely concerned about the stability and decentralization of its governance structure and the DAO's long-term development.

Samson Mow stated that quantum computing will need at least another 10 to 20 years to pose a threat to Bitcoin, and believes that Bitcoin's upgrade speed is faster than that of traditional financial systems. (Bitcoin Archive)