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BlockBeats News, January 19th. According to Caixin, a certain technical expert familiar with the digital currency revealed that the digital currency is based on an account-based smart contract, and the smart contract on the public chain are essentially both "condition-triggered automatic execution code". The difference lies in whether they are fully Turing complete. The digital currency's account-based smart contract is Turing complete but restricted, with programming strictly limited to the template script approved by the central bank, supporting only preset simple conditional trigger functions. This design is mainly for security and risk control considerations. The development of the digital currency smart contract supports multiple programming languages, including Ethereum's Solidity and other Turing complete languages, so there are no technical issues, but the core challenge is how to design a set of standard access and audit mechanisms that can be accepted by the financial system.

according to the Artemis research report, cryptocurrency cards have become a key channel for stablecoin usage, with an annualized transaction volume of 18 billion USD, approaching the 19 billion USD scale of peer-to-peer stablecoin on-chain transfers. Currently, Visa dominates this market, accounting for over 90% of the transaction volume. Despite rapid growth, Artemis believes that in the short term, direct cryptocurrency payments still find it difficult to completely replace traditional card networks.

ChainCatcher news, according to The Block, concerns about a potential trade war between the United States and the European Union are expected to further impact already fragile market sentiment. Bitcoin, Ethereum, and the entire crypto market plunged in the early hours, with Bitcoin briefly dropping below $92,000 and falling more than 3% in a short period. In the past four hours, long liquidations have exceeded $750 million. Analysts attribute this plunge to market concerns over the prospects of a US-EU tariff war. Presto Research analyst Min Jung stated: "The crypto market remains weak compared to other asset classes. Although concerns about a US-EU trade war have had the greatest impact on market sentiment, other risk assets, including the Korea Composite Stock Price Index (KOSPI), have remained flat or even risen. This indicates that there are clear internal weaknesses within the crypto market, and investors are more inclined to allocate to other risk assets. Against the backdrop of most markets rising, crypto assets are still the underperforming category."