At present, China Mobile in Jiangsu has basically achieved continuous 5G network coverage in 13 cities, urban areas and counties in the province, contiguous coverage of key towns and villages, coverage of key traffic trunk lines, coverage of key business districts and scenic spots, and 5G network coverage of key units and places. The number of base stations exceeds 42,000. In addition, in order to meet the needs of establishing a new generation of high-quality home broadband network and supporting smart home information services, China Mobile actively responded to the country’s call for “dual G and dual promotion”, and vigorously promoted the development of home broadband access capabilities in the Yangtze River Delta to gigabit. According to the “plan” issued by the Ministry of Industry and Information Technology, “At the end of 2021, the gigabit optical fiber network will have the capacity to cover 200 million households, and the gigabit broadband users will exceed 10 million.” Focusing on Jiangsu, China Mobile’s gigabit broadband has covered the province. Nearly 90,000 communities, 35 million households, to build a high-quality Gigabit network leading the province. In the recent “Mobile Strong Innovation 5G Helps Growth” Jiangsu Regional Tour, the reporter walked into Jiangsu Mobile to visit and learn about the current development of 5G integration in Jiangsu, and physically visited Jiangsu’s wisdom construction results. 5G financial industry boosts regional economic development Taking 5G Rongbaiye as an example, Jiangsu Mobile has created 100 high-quality 5G “model houses” and promoted more than 800 5G projects: In the 5G+ smart factory of Changzhou Jingyan Technology, the product inspection speed of AI quality inspection robots is faster than that of manual labor. Nearly 10 times; the country’s first smart warehousing project integrating 5G industrial modules landed in Suzhou, and its work efficiency was increased by 30-50% compared to warehousing in a non-5G network environment; 5G+ mind-brain built on mobile 5G network, cloud computing and other technologies The vascular disease Internet diagnosis and treatment and rehabilitation management platform has innovated the medical service model of “5G real-time monitoring, artificial intelligence-assisted diagnosis, cloud platform online diagnosis and treatment, and chronic disease tracking management”; the first batch of the country and the only new 5G infrastructure in the Yangtze River Delta region Collaborative project-Suzhou 5G Internet of Vehicles city-level verification and application, will achieve more than 200,000 connected users and 150 application scenarios… In addition, according to the relevant person in charge, in order to support the transformation of industrial informatization, Jiangsu Mobile established the DICT Ecological Alliance in December 2020 and launched the “9 one platform” plan including smart cities, industrial Internet, smart healthcare, smart education, etc. , To provide partners with one-stop technical support based on 5G private network services such as the Internet of Things, big data, blockchain, and cloud computing. Among them, the “Nanjing Jiangbei New Area Kunpeng Digital Platform” based on the OneCity smart city platform was successfully selected as one of the top ten model projects for China Mobile’s new smart city. In Jiangsu’s transformation with digital intelligence as the means and economic transformation and upgrading as the goal, the Jiangsu 5G Industry Alliance has contributed a lot. As the chairman unit, Jiangsu Mobile makes full use of its own network and resource advantages to create a new digital intelligence ecosystem with industry partners. It is reported that at present, the member units of the industry alliance have reached 626, covering the upstream and downstream of the 5G industry chain, including industrial Internet, transportation, medical care, education and other industries. What’s more gratifying is that, with the support of the industry alliance, Jiangsu won 23 awards in the national finals of the 2020 (third) “Bloom Cup” 5G Application Contest, of which Jiangsu Mobile accounted for 18, ranking the top in all provinces. Create inclusive and shared communication and information services In April 2020, the National Development and Reform Commission and the Ministry of Transport issued the “Higher Quality Integrated Development Plan for Transportation in the Yangtze River Delta”, which proposed to focus on the Shanghai metropolitan area and the Nanjing, Hangzhou, Hefei, Suzhou, Wuxi, and Ningbo metropolitan areas. Inter-city railways, urban rail transit, and urban expressways are the backbone to create a one-hour commuter circle in the metropolitan area. The emergence of the mobile blue card just caters to this traffic development trend. The reporter learned that China Mobile has launched a small blue card public transport card service, combined with the mobile phone’s NFC function, and loaded the transportation card application into the SIM card. The mobile phone can be swiped even if the phone is out of power or black. It can be used in Beijing, Guangzhou, Hangzhou, and the entire Jiangsu province. It is used in more than 300 cities across the country, and the success rate of credit card swiping in the Yangtze River Delta (Jiangsu, Zhejiang, Shanghai and Anhui) is 100%. Not only that, in the field of transportation hubs, China Mobile has achieved full coverage of metro lines in the entire province of Jiangsu, covering 20 metro lines in Nanjing, Suzhou, Wuxi, Changzhou, Xuzhou and other cities. At the same time, China Mobile 5G has covered 57 There are a large passenger flow high-speed railway station, as well as 54 high-speed toll stations and service areas, the entire Shanghai-Nanjing Expressway, key bus stations, and airports. Layout the new carrier of the digital economy in the Yangtze River Delta According to reports, in order to accelerate the full penetration of mobile communication technology from the consumer side to the production side, and to promote digital intelligence technology to empower thousands of industries, China Mobile is empowering the information hub of the Yangtze River Delta and the research and development innovation highland, creating a new carrier for the digital economy in Jiangsu. Promote the construction and operation of data centers. At present, China Mobile Yangtze River Delta (Nanjing) Data Center, China Mobile Yangtze River Delta (Suzhou) Data Center, and China Mobile (Wuxi) Data Center have all passed IDC computer room rating and have been awarded the title of China Mobile’s 2020 “Diamond Five-Star Data Center” . “These data centers are used as computing power and data bearing platforms to realize the security control of the entire chain of data collection, transmission, storage, and use, and build a more comprehensive, higher-quality, and more valuable big data service system from people and things. , Which can provide users in the Yangtze River Delta with professional, stable, and customized cloud computing services, and help the integrated and high-quality development of the Yangtze River Delta.” said Jiangsu Mobile staff. In addition, in order to optimize the layout of scientific research, face the front line of technology and the market, explore the establishment of new R&D institutions, in terms of systematically promoting innovation, in order to implement the national innovation-driven development strategy, China Mobile has deployed scientific and technological innovation R&D carriers in the Yangtze River Delta region and integrated into the national New District-Nanjing Jiangbei New District master plan, the establishment of China Mobile Yangtze River Delta (Nanjing) Science and Technology Innovation Center, China Mobile Zijin (Jiangsu) Innovation Research Institute, together with Southeast University, Zijinshan Laboratory and other key universities and research institutes, fully integrate Jiangsu The provincial scientific and technological innovation resource advantage, organize and promote the Internet of Things, cloud computing, big data, blockchain and other technology research and product application development, and accelerate the cultivation of core competitiveness.

After the successful listing, Coinbase’s stock price has performed well. As of 20 o’clock on the 15th, Beijing time, Coinbase’s pre-market share price rose more than 8% to about $354. The day before, Coinbase’s stock price closed up more than 30% to US$328.28, with a market value of more than US$61 billion.

“Coinbase’s successful listing has fulfilled market expectations. The current stock price increase has brought additional benefits to the market. Investors will not worry about the issue of the redemption of cryptocurrencies. In addition, many of Coinbase’s businesses have also received mainstream financial Institutional recognition has promoted cryptocurrency to become a mainstream investment product.” Ma Tianyuan, a partner of Encrypted Asset Angel Fund Wuwei Investment, told a reporter from Shanghai Securities News.

Institutions have also shown their optimism about the prospects of the cryptocurrency market with actual actions. Catherine Wood, CEO of Ark Investment Management, known as the “female Buffett,” made the first shot, and all three of its funds opened new positions to buy Coinbase on Wednesday. Among them, flagship fund ARKK bought 512,500 shares, financial technology innovation theme fund ARKF bought 89,600 shares, and Internet innovation theme fund ARKW bought 147,000 shares. Based on the closing price of Coinbase on Wednesday, Katherine Wood holds a total of approximately $246 million in market capitalization of Coinbase.

The US investment bank BTIG included the newly listed Coinbase in the form on Thursday, giving it a “buy” rating with a target price of $500. Previously, MoffettNathanson of the New York Research Institute gave Coinbase a one-year target price of $600.

Although the market is bullish, some institutions have reminded that under the premise that it is difficult to predict what will happen in the future, short-term cryptocurrency market volatility will be more intense than before.

“In the bull market, the price of various assets will have higher premiums, and some assets will rise irrationally. Investors should carefully choose investment targets and pay attention to risks.” Binance China Blockchain Research Institute researcher Zhang Ming told the Shanghai Securities News reporter.

According to real-time data from the blockchain data and intelligence provider Glassnode, as of 20 o’clock on the 15th, Beijing time, the 8-hour long funding rate of the Bitcoin perpetual contract reached 0.1284%, and the difference between the sub-delivery contract and the spot price gradually increased to 8,000 US dollars. . In other words, the current long bitcoin side needs to pay 0.1289% of the principal per hour to the short side, which means that long bitcoin needs to pay a higher price, but investors continue to go long.

Ma Tianyuan believes that the listing of Coinbase means that the valuation ceiling of the cryptocurrency market has been opened. At present, the level of leverage in the market has increased. It is recommended that non-professional investors reduce the use of leverage and other derivative instruments and enter the market cautiously.

Regulatory policies are still one of the uncertainties in the price trend of cryptocurrencies. In the future, countries may implement strict legislation on cryptocurrencies. Fed Chairman Powell said on Wednesday that cryptocurrency is a speculative tool. Previously, the European Union planned to specifically target cryptocurrency legislation.

“Encrypted assets have been moving forward in controversy. We have seen the attitudes of many regulatory agencies improve. It is expected that the supervision of encrypted assets in various countries will gradually improve in the future, which is conducive to the legal and compliant development of cryptocurrencies.” Zhang Ming told reporters.

On Thursday, the world will usher in the world’s first reverse Bitcoin exchange-traded fund (ETF), which will be listed on the Toronto Stock Exchange (TSX), allowing investors to short Bitcoin futures.

In this regard, Zhang Ming believes that there is never a lack of short-selling methods for encrypted assets, and a wealth of financial tools can provide investors with more choices and promote healthier price discovery.