Gate.io News, May 21st - Jimo Bio has recently announced its latest research achievement. Jimo has successfully extracted a new active ingredient called "ASCⅡ Extract" from the dry stem cells of the musk deer antler, and named it "Sikavira"️. This extract has the characteristics of high activity, low impurities, high purity, and easy absorption. It is expected to play an important role in anti-aging health care, antioxidant skin care, and medical beauty repair.

On May 9, Jimin Medical issued an announcement on the risk warning of stock trading, and the current stem cell drug research and development pipeline of Boao International Hospital mainly includes adipose mesenchymal stem cells (ADSC) for retinitis pigmentosa (RP), adipose mesenchymal stem cells (ADSC) for type 2 diabetes mellitus (T2DM), and adipose mesenchymal stem cells (ADSC) for chronic obstructive pulmonary disease (COPD), but they are all in the preclinical stage and the project is relatively early. The R&D cycle of innovative drugs is long, the links are long, and the risk is high, and it is easy to be affected by long factors such as technology, approval, and policy from development, clinical trials, approval to production, and there are long uncertainties in the subsequent R&D promotion.

Two independent research teams have successfully regenerated brain circuits in mice using neurons grown from rat stem cells. These two studies were published on April 25th in the journal "Cell," providing valuable insights into how brain tissue forms and offering new approaches to restoring brain function lost due to disease and aging.

Senators Warren and Cassidy have written to the Department of Justice and the Department of Homeland Security to address the use of cryptocurrencies in the trafficking of child sexual abuse material. Their concerns stem from a report that virtual currencies are among the most popular payment methods for commercial child sexual abuse content. The lawmakers emphasize the growing trend of criminal elements using convertible virtual currencies to evade detection. The letter also references the alarming findings of FinCEN, which identified thousands of suspicious activity reports related to Bitcoin-linked online child exploitation and human trafficking crimes. Senators are calling for action to address the role of cryptocurrencies in facilitating CSAM.

BlockBeats report: Financial success stories often stem from the vision of early adopters, who recognize and seize emerging opportunities. Pioneers like Smith seized the opportunity for astonishing investment returns, and BlockDAG offers a similar promise to today's investors. With its unique mining and transaction processing methods, BlockDAG is not just following in the footsteps of its predecessors; it is paving a new path that may lead to unparalleled success.

Austin Federa, head of strategy at the Solana Foundation, outlined the recent Solana on-chain congestion issues in a post on the X platform, saying that these problems stem from the implementation of the QUIC protocol and can be attributed to a known bottleneck, and the solution is already on the roadmap. The main reason may be that the demand for Solana was not expected to increase at such a rapid rate, and within a few days, the problem went from "enough but needs improvement" to "insufficient". Austin Federa concludes that the issue is simply technical debt, with an almost complete rewrite of the network stack later this year, as well as trade-offs between significant maintenance/improvement efforts.

Trading Guru Reveals This Notable Pattern on Solana: What's Next for SOL Investors? Trader and market analyst Peter Brandt specifically noted the formation of a descending triangle pattern on Solana's 4-hour price chart. A descending triangle pattern determined by lower highs and horizontal support lines is often interpreted in technical analysis as a signal of a potential downtrend continuation. Brandt's recent post highlights the completion of this model, drawing attention to key developments for SOL traders. Brandt's analysis goes beyond simply identifying patterns. He emphasized the importance of schema validation for its completion. According to Brandt, the failure of a model to fulfill its intended effect is more significant than merely completing it. With SOL now confirming a descending triangle pattern, the expectations of market participants as they await potential price movements, whether to the upside or downside, are clear. While Solana's price performance has fluctuated over the past week, recent cyber challenges have added another layer of complexity to the asset's condition. Although the value of SOL has fallen by 12.7% over the past week, it has risen slightly by 4% in the last 24 hours. However, persistent network congestion has created obstacles. Solana developers are actively addressing these issues and are working to resolve the network congestion issues they experienced on April 15th. Mert Mumtaz, a key contributor to Solana's maintenance and enhancements, clarified that the current network challenges stem from implementing specific protocols rather than Solana's inherent design flaws. At the same time, Solana's open interest in the futures space (a measure used by the derivatives market that refers to the total number of open positions) has experienced volatility recently. While it grew steadily from January to April and reached an all-time high of $2.86 billion on April 1, recent network issues led to the decline. Open interest in Solana has fallen to $2.4 billion since April 11, down 5% in just over a week, according to the data. (Source: Samuel Edyme)

Solana Congestion Issues Are Drawing Fire, But the Solana Foundation Is Working on a Fix Solana, the popular blockchain network, is facing congestion issues due to its growing demand, causing transactions to fail and making basic tasks difficult. The issues stem from the implementation of the QUIC protocol and the unprecedented demand for Solana. The Solana Foundation is working on fixing the problem and expects a solution to be available soon

Cyvers _s monitoring noted that RWA infrastructure Curio Eco_ suffered an attack that resulted in $16 million in losses involving MakerDAO-based smart contracts within its ecosystem. The attack appears to stem from a privileged access logic vulnerability. The attackers exploited this vulnerability and minted an additional 1 billion GCT. Currently, the attackers hold $39.7 million worth of digital assets.

The UK Treasury has released a consultation paper on changes to anti-money laundering regulations, and the proposed changes will affect the regulation of crypto assets in a number of ways. It is reported that the proposed changes stem from a review of the Anti-Money Laundering, Terrorist Financing and Transfer of Funds (Payer Information) Regulations 2017 (MLRs) conducted in 2022. The changes now proposed in the document pursue "smarter regulation": "This includes minimizing the regulatory burden and future-proofing regulation, making regulation a last resort rather than the first choice, and ensuring the good functioning of a responsive and accountable system of regulators." ” The document adds that "the regulation can only work if it is supported by a strong regulatory regime". As such, it details several ways to change the way cryptoasset service providers are regulated. Under the regulations passed in 2017, the FCA oversees a number of institutions under both these regulations and the Financial Services and Markets Act 2000 (FSMA). FSMA-regulated institutions are not required to register for MLRs, but most crypto companies are not regulated by the FCA and are therefore regulated by MLRs. As proposed in the consultation paper, institutions regulated by MLRs would be required to be regulated by the FCA, but would no longer be required to seek authorisation for MLRs. Under the current FSMA regime, cryptoassets are controlled by the FCA if they are "the underlying asset or property of a regulated activity or financial instrument, such as in a collective investment scheme". The scope of the FSMA will be extended to new activities, such as operating crypto asset exchanges and custody. Crypto assets that are not regulated by the FCA must now register with the FCA to be regulated by MLRs. （Cointelegraph）

$5.8 Billion Options Expiring Could Cause Bitcoin and Ethereum Prices to Plummet? Despite the SEC's approval of SpotBitcoin ETFs, the Crypto Assets market did not see the expected spike in January. The event was expected to drive a lot of buying, but failed to stem the GBTC outflows, continuing to put downward pressure on the market. However, the situation may soon intensify as nearly $5.8 billion worth of Bitcoin and EthereumOptions expires. This event can cause significant price Fluctuation, especially when the market is below the "biggest pain point". At 08:00 on January 26, weekly options will expire with $5.82 billion worth of Bitcoin (BTC) and Ethereum (ETH) options expiring. This could play a crucial role in validating the upcoming trend in the market in February. The breakdown of these options shows that $3.73 billion is related to BTC and $2.05 billion is related to ETH, which presents an interesting trend for the two major Crypto Assets. In the case of Bitcoin, the put/call Options ratio is 0.52, highlighting a significant concentration of interest in call Options. Notably, Bitcoin's "biggest pain point" was identified at $41,000, while a large number of Close Position contracts exceeded $361 million at a higher strike price of $50,000. The biggest pain point represents the price level at which Options holders are likely to face the greatest loss at expiry. In traditional financial markets, in theory, Options sellers (usually institutions with significant financial resources) try to control the Spot market at the biggest pain point as the expiration date approaches. The purpose of this is to maximize the Options Buyer's losses. With Bitcoin currently trading below the biggest pain point, there are growing fears of increased selling pressure tomorrow. Investors who hold call options may face losses because their options become worthless if the price falls below the strike price. This can lead to increased selling pressure when investors try to minimize losses or close position. If the BTC price falls below the $40,000 mark, we could retest the support near $38,000. $200 million in Ethereum is at risk ⬇️ of approaching $2,400 The EthereumOptions picture is different, with a relatively low bearish Options/bullish Options ratio of 0.31 and a "maximum pain point" set at $2,300. In addition, there are about $200 million in open Close Position contracts with a price of around $2,400. Call Options holders will face the most significant losses tomorrow. With Ethereum currently trading well below its biggest pain point, this suggests that selling pressure is likely to increase in the coming hours. When a trader is prepared for losses, this situation can trigger a mass liquidation of the market. However, this is often beneficial to the Options Seller (Seller) as they can keep the premium paid by the Options Buyer without having to deliver the underlying asset or pay cash. (Source: Shayan Chowdhury)

Christopher Pissarides, a 2010 Nobel laureate in economics and a professor of economics at the London School of Economics and Political Science, warned the younger generation not to rush to science, technology, engineering and mathematics (STEM) majors, as the arrival of the artificial intelligence (AI) era will have a serious impact on these fields, as the Associated Press reported on January 2. Pissarides noted that it is possible for those currently working in certain IT jobs to sow "the seeds of self-destruction" for their careers by advancing advances in AI, which will eventually replace this type of work in the future.