The "boom" of the digital asset industry is still going on, and the energy is overflowing.Beginning in June 2020, with the entry of institutions and the rise of various DeFi tracks, Ethereum 2.0 was launched. Ethereum has ushered in many benefits, and the price has been rising all the way. Brother" discussion: "Ethereum has realized the mission that Bitcoin has always been"? "ETH 2.0 raises the inflation rate arbitrarily, Bitcoin will never raise the inflation rate"?secondary title
The market value of Ethereum surpasses Citigroup, who is the locomotive of digital assets?
January 2021 is the "collective honeymoon period" for all ETH believers.On January 25, the price of Ethereum continued to rise, reaching a historical high of 1475.41 US dollars, and at the same time pushed the total market value above 1 trillion yuan, reaching a maximum of 1.095 trillion yuan, surpassing Wells Fargo, Citigroup and Morgan Stanley . Faith, they shouted, can indeed be fulfilled.
There are three reasons for this ETH market as a whole.
The first is the so-called "institutional craze". Since June last year, institutional investors represented by Grayscale and PayPal have accelerated their entry into the market and purchased digital assets such as Bitcoin and Ethereum, injecting strong potential into the industry and continuing to released as growth drivers.(Data source: OKLink)
(Data source: OKLink)
The brilliant performance of Ethereum has sparked some interesting discussions about the "top brother in the industry" in the industry.As the leader of the digital asset industry and the number one chariot of this bull market, Bitcoin cannot show weakness. Its developer Udi Wertheimer tweeted diss Ethereum, "ETH 2.0 will increase the inflation rate of ETH arbitrarily, and Bitcoin will never increase the inflation rate."
And Justin Bons is a staunch Bitcoin bearer. He is the co-founder of Cyber Capital (Cyber Capital: a digital asset management company based in Amsterdam). On January 25, he tweeted and continued to sing about Bitcoin, "Bitcoin is like an NFT, only pure speculation and Subjective value, Ethereum has realized the mission that Bitcoin has always been - currency, SoV and trustless application platform, collaborative value".
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The first female treasury secretary in the United States took office, and the pressure on digital asset supervision intensified
With the coming of the new U.S. government, some changes have taken place in the financial regulators.(Janet Yellen)
At the Senate appointment hearing, Janet Yellen showed special concern for the regulation of digital assets, "Law enforcement officers responsible for supervising money laundering and other illegal financial activities should pay special attention to cryptocurrencies. Many cryptocurrencies are used for illegal financing. money laundering by currency platforms and cooperate with institutions such as the Commonwealth Bank to implement effective regulation of cryptocurrencies.”Janet Yellen's concerns about the lack of regulation of digital assets are well-founded.In 2020, there will be nearly 300 fraud incidents and blackmail attacks involving digital assets, causing economic losses of more than 3.2 billion U.S. dollars; hacker attacks will reach 170, causing economic losses of 2.33 billion U.S. dollars; DeFi attacks will also reach 60, with losses More than 250 million U.S. dollars; USDT and other stablecoins have also been used on a large scale for money laundering and other activities.(Data source: OKLink)
Not only individual investors fall victim to such incidents, but industry bodies are not immune either. Once an incident occurs, it is often difficult to recover the loss due to the complexity of the asset transfer path on the chain and the difficulty of technical tracking.
At the same time, relevant domestic regulatory precautions are also being upgraded. On the day of publishing, the Shenzhen Local Financial Supervision Bureau issued another risk warning to crack down on the trend of "virtual currency speculation" and clean up and rectify its illegal activities.
In the new year, the relationship between industry development and regulatory safety is still a difficult topic. This is not only related to the property safety of individual investors and the steady and orderly development of the industry, but also crucial to maintaining national financial security. At present, the sustainable development of the digital asset industry still has a long way to go, and it urgently needs the collaborative efforts of multiple parties such as self-exploration within the industry and improvement of supervision outside the industry. 
