Blockchain Press Releases
Technologies give leg up to archaeological studies on relics unearthed at Sanxingdui Ruins site
BEIJING, July 28, 2023 /PRNewswire/ — A report from People’s Daily: The new building of the Sanxingdui Museum in southwest China’s Sichuan province officially opened to the public on July 27. Nearly 600 relics unearthed from the renowned Sanxingdui Ruins debuted to the public.
A total of more than 1,500 pieces or sets of relics, including pottery, bronze, jade and gold wares are showcased in the new building, which has an exhibition area of 22,000 square meters.
The Sanxingdui Ruins is the largest ruins of the pre-Qin period (pre-221 BC) featuring the longest duration and the most relics unearthed in southwest China. It is dubbed as one of the greatest archaeological findings in the 20th century. Its core area, the Sanxingdui Ancient City, covers an area of about 3.6 square kilometers, and went into prime in mid- and late-Shang Dynasty (1600-1046 BC) more than 3,000 years ago.
Over recent years, a number of advanced technologies in multiple disciplines have been employed in archaeological excavations at the Sanxingdui Ruins site, which innovated the research models of major archaeological projects and built open platforms for interdisciplinary cooperation.
For instance, from the black ashes uncovered from the sacrificial pits at the site, experts revealed textile techniques over 3,000 years ago; with the artificial intelligence technology, a replica of a bronze altar was made by bronze ware fragments unearthed in different sacrificial pits.
Relics are in a relatively stable state when they are buried underground. The drastic environmental change after they are unearthed may bring devastating damages to them if protection measures are not taken in a timely manner, such as discoloring and carbonization of organic matters.
The 2021 excavation of the Sanxingdui Ruins site just amazed the public with its tech-ish transparent archaeological cabins and archaeologists in “protective suits.” The enclosed cabins were equipped with temperature and humidity controllers, and able to shield relics from dust, bacteria and other polluting factors, thus offering reliable in-situ protection. There were also a laboratory for relics emergency protection and temporary warehouses beside the cabins.
Unearthing relics is a challenging task. Archaeologists must sample the soil and adhesions on relics and then test pH values, soluble salt, and moisture content, so as to offer a basis for unearthing and preservation.
To not damage large bronze wares when extracting them from the Sanxingdui Ruins, archaeologists for the first time made 3D-printed silica gel protective cases that perfectly fitted the bronze wares.
Besides, real-time kinematic technology was employed in the excavations at the Sanxingdui Ruins site to record the longitudes and latitudes of soil samples and unearthed relics, as well as their ages and materials. A QR code was generated for each relic as its unique “identity card.”
To piece together bronze ware fragments unearthed in different sacrificial pits, the relics preservation team of the Sanxingdui Ruins collaborated with a digital lab under Chinese tech giant Tencent, obtained the fragments’ geometrical features with artificial intelligence technology, and verified the possibilities of different combinations. This enabled researchers to restore the original appearance of relics in the virtual space without even touching physical items.
Due to insufficient sci-tech capability, studies on many relics unearthed remained stagnant in the past. In the 1980s, a large batch of bronze wares, gold wares and jade wares were discovered at the Sanxingdui Ruins site, which astonished the world. Researchers found ashes on bronze wares and considered them residues of silk, but there was no technology then able to prove this point.
The puzzle was not solved until recent years. Thanks to a fibroin detection technology developed by the China National Silk Museum and other institutions based on immunology, silk residues were discovered in sacrificial pits at the Sanxingdui Ruins site in 2021.
With ultra-depth microscopes, micro Fourier transform infrared spectroscopy and other advanced analysis technologies, researchers restudied some bronze wares unearthed some 30 years ago and confirmed the existence of silk on them.
The finding proved that ancient residents during that period of history had already developed mature textile techniques and skills, and offered physical materials for the studies of textile history of Sichuan province, said Zhou Yang, a researcher with the China National Silk Museum.
Technology is like a microscope that enables researchers to see more details on relics and thus obtain information that was once difficult to get.
The aging of relics is irreversible, no matter what materials they are made of. Recording the information of relics through digital means would give them a “new life.” With digital technology, researchers and visitors from all over the world can obtain the information of relics anytime and anywhere. As cultural relics turn from a material resource to a digital one, they are contributing more energy to mutual learning among civilizations and science popularization and education.
View original content:https://www.prnewswire.co.uk/news-releases/technologies-give-leg-up-to-archaeological-studies-on-relics-unearthed-at-sanxingdui-ruins-site-301888220.html
Blockchain Press Releases
Market Eyes “Crypto President” Inauguration as BTC Tumbles at $100K: Bybit and Block Scholes Analysis
DUBAI, UAE, Jan. 10, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released the latest crypto derivatives report, published weekly with Blocks Scholes. Noting BTC’s retreat from the $100k mark a week into the new year, the analysis showed on-risk assets including crypto bore the brunt of broader macro factors. Past week’s data indicates heightened uncertainty in market dynamics ahead of Trump’s anticipated Jan. 21 inauguration, highlighting shifting investor sentiment during this significant political transition.
Key Insights:
Perpetuals Took a Winter Break: The perpetual swap market experienced a notable decline in liquidity over the holidays, with trading volumes winding down throughout Dec. 2024, leading to decreased realized volatility across the market. Notably, open interest maintained stability compared to levels preceding the great expiration of options contracts in Dec. 2024, indicating conservative positioning and limited hedging activity in perpetual swap markets.
Wide Disparity Between 30-Day Implied Volatility and 7-Day Realized Volatility: ETH’s options markets signalled an unmistakable preference for call options. In contrast, BTC’s open interest is rebalancing after the expiration in Dec. 2024. Both ETH and BTC have experienced notable changes in their term structures heading into the new year. The sharp divergence between implied and realized volatility is at its largest since the U.S. elections, suggesting that options traders are paying a premium to price in a higher level of risk or volatility despite the calm at the surface.
ETH Calls Gaining Traction
There has been a reshuffling in ETH open interest. While put options still hold sway in terms of total volume, call contracts have seen an uptick after Dec. However, the optimism comes with a caveat—the decline in realized volatility in the year so far has given options traders pause. The volatility term structure has steepened further, with short-term volatility (measured at a 30-day tenor) still sitting more than 15 points above its realized counterpart. This gap is the widest since the pre-election period of 2024, when geopolitical uncertainty fueled volatility premiums. Today, however, the premium seems driven more by general speculation than by any specific event. Even as the market settles, investors remain cautious, signaling looming uncertainty.
Access the Full Report here.
#Bybit / #TheCryptoArk /#BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2595392/Sources_Bybit_Block_Scholes.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/market-eyes-crypto-president-inauguration-as-btc-tumbles-at-100k-bybit-and-block-scholes-analysis-302347880.html
Blockchain Press Releases
HTX 2025 Outlook: Five Sectors to Look Forward to, and How Trump’s Policy Will Affect Crypto Industry
SINGAPORE, Jan. 10, 2025 /PRNewswire/ — The year 2024 marks a significant chapter in the history of the crypto industry, where we witnessed continuous breakthroughs in blockchain technology, surges in Bitcoin price, and a gradually more open regulatory environment, with cryptocurrencies gaining increasing recognition from the mainstream. As 2025 unfolds, HTX, the world’s leading digital asset exchange, has released its latest report, HTX 2024 Global Web3 Blockchain Ecosystem Review and 2025 Outlook, which provides forward-looking insights into the development prospects of the crypto industry.
Key Sectors for 2025
In the report, HTX highlighted five key sectors that showed encouraging progress last year, and will continue to closely monitor these areas in 2025.
Bitcoin Ecosystem
In 2024, Bitcoin’s market dominance kept increasing, solidifying its position as the core asset, with spot ETFs acting as liquidity channels, and U.S. listed companies such as MicroStrategy (MSTR) serving as the vehicles to absorb unlimited dollar liquidity.
As a result, it is increasingly essential to further develop Bitcoin’s ecosystem and enhance capital utilization efficiency. With strong support from macro markets and infrastructure support, a further surge in Bitcoin demand over the next two years is well-anticipated.
Infrastructure
Infrastructure remained a cornerstone in 2024’s crypto investments and funding. The synergy between capital and technology has driven the rapid development of Layer 1, Layer 2, and middleware projects, among others.
Layer 1 solutions, in particular, now represent the focal point of technical development and exploration within the crypto space, and it is expected to remain a priority for development resources and capital investment in the future.
Meme Coins
The Meme coin sector emerged as a hotspot in 2024, fostering community consensus while integrating with fields like DeFi and GameFi to create new use cases. As the crypto market environment grows increasingly favorable, more retail investors are expected to enter the market, positioning Meme projects as vital channels for capital inflows.
AI
In 2024, the intersection of Crypto and AI sector has been driving the exploration of several segmented fields, the hottest one of which is AI agents. In the future, AI agents will gradually become personal butlers and assistants for users, serving them with comprehensive capabilities. Over time, they may develop unique cultures and religions.
This deep integration of AI and encryption technology is a groundbreaking evolution that is unattainable within Web2 and cannot be achieved by Web3 relying solely on encryption technology.
TON Ecosystem
Attributable to Telegram’s hundreds of millions of users and robust technical support, the TON ecosystem achieved significant milestones in various fields, pioneering the monetization of Web2 social applications through crypto. Moving into 2025, it needs to explore and find new business models to improve user retention and identify its next growth curve.
Donald Trump Effect: Bitcoin Strategic Reserve Worth Anticipating
The report also discusses the potential impact of crypto-friendly policies that could arise after Donald Trump takes office. Two important bills, the FIT21 Act and the Bitcoin Strategic Reserve Act, are likely to pass more quickly thanks to him.
The FIT21 Act aims to create a clear legal framework for token issuance and trading by classifying tokens as digital assets or digital commodities, transferring the regulatory responsibilities of many blockchain projects from the SEC to the CFTC, and introducing a safe harbor mechanism. This would help standardize and promote the healthy growth of the entire industry.
The Bitcoin Strategic Reserve Act, aligning with Trump’s campaign promises, if passed, would mark Bitcoin’s transition from a niche asset to a nationally recognized reserve asset, greatly enhancing its legitimacy and recognition. It may also prompt other countries to adopt similar measures to further advance Bitcoin’s global recognition and application.
The Act was submitted to Congress for deliberation on August 4, 2024, and referred to the Senate Banking Committee for review. Trump is well-positioned to push this bill through. Meanwhile, several U.S. states have already proposed their own Bitcoin Strategic Reserve bills. By 2025, Bitcoin as a strategic reserve may become a reality.
Additionally, under Trump’s presidency, the SAB121 Act is likely to be repealed, allowing traditional financial institutions to hold cryptocurrencies on their balance sheets, further accelerating the institutionalization of crypto assets and contributing to the overall maturity of the crypto market. The SEC’s application criteria of the Howey Test may also be relaxed, increasing the likelihood of more spot crypto ETFs being approved and more public listings of crypto companies.
Meanwhile, the report also provides a comprehensive summary of 2024, looking back on the key events that had a major impact on the crypto industry while summing up what HTX had achieved over the last year.
To learn more, please visit: https://square.htx.com/htx-2024-global-web3-blockchain-ecosystem-review-and-2025-outlook/
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services.
Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide.
Contact Details
Ruder Finn Asia
[email protected]
Company Website
https://www.htx.com
Photo – https://mma.prnewswire.com/media/2595311/image_838145_24282172.jpg
Logo – https://mma.prnewswire.com/media/2391903/image_ID__Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/htx-2025-outlook-five-sectors-to-look-forward-to-and-how-trumps-policy-will-affect-crypto-industry-302347870.html
Blockchain Press Releases
Vietnam’s Youth Rally Behind Blockchain: KuCoin Reveals Groundbreaking Insights at VTIS 2024
HANOI, Vietnam, Jan. 10, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to share the findings from its second edition of the KuCoin Campus Survey, conducted during the Vietnam Technology & Investment Summit (VTIS) 2024. With 926 participants surveyed from December 3rd to December 4th, 2024, the results underscore the vibrant interest in blockchain technologies among Vietnam’s youth, reinforcing KuCoin’s commitment to nurturing this vital market.
The survey, a key initiative under KuCoin Campus, highlights a strong, positive sentiment towards cryptocurrencies, with 92% of participants optimistic about the future of digital assets. Remarkably, 82% of respondents are considering blockchain-related careers, signaling a burgeoning talent pool eager for development and opportunities within the industry.
Vietnam’s strategic importance to both KuCoin and the broader crypto community is evident as 68% of participants expressed a “very high interest” in blockchain, making it a critical hub for crypto innovations and community engagement. Additionally, 73% of respondents currently hold cryptocurrencies, demonstrating a mature market ready for further expansion and adoption.
The survey also uncovered a significant inclination towards diverse blockchain roles, with data analysis (24%), marketing (22%), and business development (21%) being the most coveted. These insights are invaluable as they highlight the areas of highest potential and interest among the future workforce.
“Vietnam has been and will continue to be a key market for us,” said Alicia Kao, the Managing Director of KuCoin. “As the People’s Exchange, we are committed to empowering and equipping this new generation with the tools they need to succeed in the evolving digital landscape.”
View the full report here (EN version, VN Version), or visit KuCoin’s official website for further information.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
Photo – https://mma.prnewswire.com/media/2595229/image_5002362_11273757.jpg
Logo – https://mma.prnewswire.com/media/2356857/5109491/KuCoin_Horizontal_Green_LOGO_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/vietnams-youth-rally-behind-blockchain-kucoin-reveals-groundbreaking-insights-at-vtis-2024-302347817.html
-
Blockchain5 days agoMetaEra Unveils Premium “CryptoFi Forum Hong Kong” Brand: The Third Installment Set for April 8 in Hong Kong
-
Blockchain4 days agoBybit Launches Fixed Rate Loan Service: A Brand-New Offering for Stability, Flexibility, and Predictable Returns
-
Blockchain3 days agoBybit Officially Launches Physical Card for Brazilian Users, Offering 2% Cashback and Exclusive Perks
-
Blockchain Press Releases3 days agoBybit Joins AI Coin Revolution with AI16Z Listing
-
Blockchain5 days agoAICryptoFund Releases Market Analysis Report, Unveiling New Fintech Trends
-
Blockchain5 days ago
AICryptoFund Accelerates Global Expansion, Advancing Global Strategy
-
Blockchain5 days agoRetail Banking Market Report 2024 | Now Available
-
Blockchain5 days agoSui’s Path Forward: Bybit Debate Forecasts Mass Adoption as Key to Ecosystem Growth in 2025
