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【Everbright Securities: Progress Has Been Made In Various Drugs, And The Field Of Liver Fibrosis Treatment Is Developing Rapidly】According To The Everbright Securities Research Report, Liver Fibrosis Is Liver Damage Caused By Inflammation Or Metabolic Disorders. The Cause Can Be Induced By Various Factors Such As Alcohol, Viruses, And Fatty Liver Disease. Failure To Intervene In A Timely Manner May Lead To Cirrhosis Or Liver Cancer. However, There Is Currently A Lack Of Chemical Or Biological Drugs For The Treatment Of Liver Fibrosis. According To China'S “Guidelines For The Combined Diagnosis And Treatment Of Liver Fibrosis” (2019 Edition), Proprietary Chinese Medicines Are Used Clinically For Treatment, And Related Treatments Are Mainly Given To The Cause. In March 2024, Rezdiffra (Resmetirom), The First Innovative Drug To Treat Steatohepatitis (Mash) Associated With Metabolic Dysfunction, Was Officially Approved For Marketing By The FDA, Achieving A Breakthrough In The Treatment Of Liver Fibrosis. As Of November 2024, Several Drugs To Treat Liver Fibrosis Have Progressed Worldwide. From Biotech Companies Such As Golie Pharmaceuticals And Viking Therapeutics, To Major Pharmaceutical Companies Such As Bi And Novo Nordisk, All Published Positive Mash Treatment Data; In Addition, F351 (Oxynitone), A Treatment Drug For Hepatitis B Causing Fibrosis, Has Also Completed The Enrollment Of Patients In Phase 3 Clinical Trials, Making It The Fastest Progressing Product For Hepatitis B Fibrosis

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【Cathay Pacific Junan: Pre-Sale For The Spring Festival Travel Season Has Recently Started, And The Industry Expects Supply And Demand To Be Optimistic】Guotai Junan Securities Released A Research Report Stating That Aviation Has Strong Logic, The Spring Festival Travel Season Or Catalytic Optimistic Expectations, Maintaining The Long-Term Logic Of Increasing Aviation Holdings And The Chinese Aviation Industry'S Profit Center Rising For A Long Time. The Recovery Trend Of Supply And Demand In 2025 Was Determined. Considering The Marketability Of Ticket Prices And A Significant Slowdown In Fleet Growth, It Is Expected To Start An Upward Trend In The Profit Center. Demand For The 2025 Spring Festival Travel Season Is Expected To Be Strong, And Overtime During The Spring Festival Travel Season May Be Limited. The Industry Expects Optimistic Supply And Demand, Compounded By Improved Pressure On Oil Prices, Which Is Expected To Show Profit Elasticity Exceeding Expectations And Catalyze Optimistic Expectations. The Market'S Logical Expectations For Aviation Chiefs Are Still Low; The Larger The Differences, The More Room. The 2025 Spring Festival Travel Season Is The Second Normalization Of The Spring Festival Travel Season After The Epidemic. The Spring Festival Holiday Will Be Increased By One Day And Can Be Spent On A Long Vacation. It Is Expected That Demand For Travel During The Spring Festival Travel Season Will Be Strong, And Civil Aviation Passenger Traffic May Reach Another Record High

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【Base Network'S User Address Count Experienced Exponential Growth In 2024, With Tvl Reaching $13.41 Billion.】 December 21St, According To Cryptopotato, Flipside On-Chain Analysis Shows That Base, The Layer2 Network Launched By The United States' Largest Cryptocurrency Exchange Coinbase, Experienced Exponential Growth In User Count In 2024. Other Networks, Such As Bitcoin And Some Ethereum-Based Layer2 Chains, Failed To Maintain Growth Throughout The Year, And Even Failed To Attract New Users.Flipside'S Report Shows That Despite Base Starting Slowly In January, Its Monthly New Users Skyrocketed 56 Times This Year. In October 2024, The Cryptocurrency Industry Saw A Record-Breaking 19.4 Million New Users, With Base Contributing 13.7 Million, Nearly 8 Times The Contribution Of The Second-Largest Chain Polygon.During This Year, Base Also Attracted 15.1 Million Super Users (Those Who Executed Over 100 Defi Transactions). This Growth Outpaced Ethereum, The Second-Ranking Chain, By 38.4%, With Ethereum'S Super Users At 10.7 Million.On The Other Hand, Despite Bitcoin'S Historic Breakthrough Of $100,000 And The Launch Of A Spot Bitcoin Exchange-Traded Fund (ETF) In The United States, Bitcoin'S New User Growth Remained At 935,900 New Users Per Month.During Bitcoin'S Significant Increase In March, The Network Saw A 19.2% Monthly User Growth. However, In The Rebound After The U.S. Election, Bitcoin'S Network Saw A 28.5% Decrease In New Users.Flipside Stated That This Change Indicates That There Is Widespread Speculation Among Existing Bitcoin Network Users, Rather Than A Large Influx Of New Users.According To L2Beat Data, Base Network'S Tvl Dropped To $13.41 Billion, With A 7-Day Decrease Of 6.95%

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