Today share several domestic news in China.

1. Recently, Ba Shusong, chief economist of the China Banking Association, said at the meeting that we can see some progress in the blockchain technology’s penetration into different financial core functional scenarios. For example, in the area of bank payment and liquidation, the application of blockchains has greatly improved the efficiency of cross-border payment. If asset securitization with blockchain technology, it should be a big breakthrough. In addition, Blockchain technology can directly and clearly see the underlying assets and help penetrate the underlying assets such as ABS, which will help investors see the true status of the assets.

2. China’s Ministry of Finance and Commerce Department will promote the integration of technologies such as blockchain and supply chain.

3. Huobi exchange will expand operations to Brazil, and the exchange may formally operate in Brazil by the end of the year.

*Disclaimer: This article is not meant to constitute trading/investment advice. Please use extreme caution when trading any cryptocurrency.

BTC

BTC prices are still in a slightly rebounding trend. Each indicator on the day line is at a low level and there is enough room for upward rebound. On the 4 hours chart, the MA10 has signs of wearing the MA50, but the BTC price is close to the Bollinger Band ($7600), and the resistance from the short-term downtrend line (about $7650) is also very close. Attention should be paid to the callback risk. Furthermore, we should focus on the effectiveness of the 10MA ($7470) support level. If it breaks below the short-term bottom of $7255, it means the rally is over. But if it can break the downtrend line (about $7600), the bullish range will rise to around $8600.

TRX

The TRON mainnet launched at 11am (UTC+8) today. TRX hit a new intraday high of $0.064 at 11:30 a.m. UTC+8 (UTC+8), and then fell back. and one hour later the price dropped to $0.058, and now it slightly back to around $0.06.

Seele

Seele is empowered by an up-scalable Neural Consensus protocol for high throughput concurrency among large scale heterogeneous nodes and is able to form unique heterogeneous forest multi-chain ecosystem.

SEELE skyrocketed on HADAX exchange today. SEELE price is about $0.3. Following the 70% increase yesterday, today’s increase is about 30%. I think that the good stock for the previous promotion has made a great breakthrough after listing, such as QuarkChain.

If you want to know something else, please comment.

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