Bitcoin, -3.6% year-to-date. In past years, Bitcoin's fluctuations were either skyrocket or crash, rarely with single-digit percentage changes. It is believed that mainstream funds entering through ETFs have somewhat altered the cycle. This year's performance is nothing to say about, it has already peaked. Next year, it is very likely to continue upward. $BTC

Gold, with a 55% increase this year, marks the fourth year of a continuous bull market. It needs no extra salt; it is the best asset that ordinary Chinese people can legally and compliantly purchase, hands down. Some of the major rules and backgrounds of this world have been shifting in recent years. Buying gold is an option for ordinary people to hedge against future uncertainties. In fact, not only ordinary people, but sometimes national institutions think this way too. It’s truly solid, deserving of its reputation.

The Chicago Board Options Exchange (CBOE) has approved and registered the listing of the 21Shares XRP Exchange-Traded Fund (ETF).

FOMC Statement:
Statement overview: The committee lowered the interest rate by 25 basis points to 3.50%-3.75%, marking the third consecutive meeting of rate cuts. Milan supports a 50 basis point cut, while Goolsbee and Schmitt support keeping rates unchanged.
Interest rate outlook: Will consider further adjustments to the magnitude and timing of rate changes. The dot plot remains exactly the same as in September, with expectations of one rate cut each in the next two years.
Inflation outlook: Inflation has risen somewhat since the beginning of the year, remaining at relatively high levels, con

Powell Press Conference:
Interest Rate Outlook: We can wait and see how the economy develops. Currently, we are at the upper end of the neutral range. There is no one currently considering a rate hike as the baseline expectation. Long-term interest rates may rise due to expectations of faster economic growth.
Inflation Outlook: Inflation risks are skewed to the upside. Peak inflation could be a few percentage points above or below the current level. The current inflation overshoot is mainly due to tariffs. If tariffs are removed, inflation will be at the lower end of the 2% range. The impact o

The cryptocurrency market today mainly shows a general upward trend.
· Bitcoin: Prices surged amid intense volatility, briefly surpassing the $94,000 mark during the day before slightly pulling back. In the past 24 hours, the total liquidation amount across the network was approximately $423 million.
· Ethereum: Performed strongly, with prices rising and regaining the $3,300 level, reaching a near one-month high.
Regulatory news from China and the US has had differing impacts on the market:
China: Regulatory authorities reiterated warnings about risks
The People's Bank of China, along with 13

1. Zcash actually has two types of addresses: one starting with z for strong privacy addresses (like wearing an invisibility cloak), and one starting with t for transparent addresses (everyone can see the transactions). It doesn't default to full privacy; instead, it lets users choose.
2. Currently, most people use transparent addresses: because most exchanges and platforms, to comply with regulations and avoid trouble, default to giving users t addresses. Very few actually need strong privacy.
3. Compared to Monero, Zcash is a bit "nicer": Monero defaults to full privacy for everyone, very ha

Even if the Federal Reserve cuts interest rates, it will be difficult for the cryptocurrency market to sustain an upward trend because there is a lack of retail investors entering the market.
1. There are very few "retail investors" (ordinary investors) in the market right now.
Take the Korean market as an example—retail investors used to be extremely active in crypto trading there, with daily trading volumes reaching tens of billions of dollars, but now it's only about $1 billion a day. This shows that the truly active money that chases highs and drives market excitement hasn't returned.
2

Cryptocurrency Is Worth Betting on in the Future
The Chair of the US SEC has spoken, predicting that within two years, the entire US financial market will move on-chain. While this statement is a bit exaggerated—even as an industry insider, I don't quite believe it will happen completely within two years, given that the scale of the entire US financial market is dozens of times larger than the crypto market—it's true that shifting financial asset trading on-chain is a transformation currently underway. This is exactly what's happening with the expanding market for RWA (Real World Asset) transa

Why isn’t virtual currency allowed in China?
Illegal cryptocurrencies have already, to some extent, perfectly circumvented foreign exchange controls. If cryptocurrencies were legalized, it could even render the Golden Tax Phase IV system obsolete.
For example, if you sell an apartment in a first-tier city and receive 5 million RMB in cash, and you want to exchange that for 700,000 USD to transfer abroad:
The bank’s foreign exchange purchase limit is $50,000, and the remittance limit is also $50,000—a double safeguard—so it would take 14 years to complete the transfer.
If you use someone else’s

What exactly is ETH for?
1. The world's decentralized "world computer"
The core value of ETH is serving as a decentralized operating system.
It is: a public platform capable of running smart contracts.
Whether it's DeFi lending, NFT trading, or running blockchain games, all application logic must operate, be validated, and settled on ETH, this "world computer."
As long as human society continues to have needs for "decentralized, transparent, and tamper-proof" applications, the foundational value of ETH will always exist.
2. The "fuel" for network operation
ETH tokens are the sole fuel (Gas) fo

The decentralized machine learning network Bittensor is expected to undergo its first token halving event around December 14. At that time, the daily issuance of its native token TAO will be halved from the current 7,200 to 3,600.
Bittensor is a decentralized, open-source machine learning network built around specialized “subnets,” creating a marketplace for AI services through incentive mechanisms. Grayscale Research analyst William Ogden Moore described this event as “a key milestone in the network’s path to maturity,” as Bittensor moves toward its 21 million token supply cap, adopting a fix

The crypto market really took a nosedive today! 😅 Let me break down what happened:
1. The market is kind of crashing:
Bitcoin plunged straight below $90,000, dragging other major coins down with it. Market sentiment is pretty cold, and a lot of money is flowing out (BTC alone saw outflows of about $220 million).
2. The futures market is brutal:
Prices are swinging wildly, causing over 130,000 people to get liquidated. The total amount liquidated across the network in one day exceeded $425 million. Those playing high-leverage futures probably had a rough time today.
3. Not everything is in the

Today, major cryptocurrencies are generally down and in a consolidation phase.
· Bitcoin (BTC): Once fell below $91,000, currently fluctuating around $92,000.
· Ethereum (ETH): Fell below $3,200.
There are key updates from both China and the US today, which have significant impact on market sentiment and long-term development.
Seven Chinese Associations Jointly Issue Risk Warning
Seven industry associations, including the National Internet Finance Association of China, issued a risk warning, reiterating:
Virtual currencies cannot be used as currency for circulation within the country.
Any busi

Peter Schiff’s high-energy gold maximalism stands in stark contrast to CZ’s rational, use-case-based defense of Bitcoin. Schiff argues that tokenized gold upgrades a scarce, industrially useful metal with digital rails, preserving its role as an eternal store of value while improving its monetary properties: ownership can be transferred instantly while bullion remains in vaults. In his view, Bitcoin is ultimately just another unbacked asset whose price depends on confidence, whereas gold’s value is rooted in real-world utility and thousands of years of monetary history.
CZ counters by emphasiz

The overall market is rising, with strong momentum.
Bitcoin: Continues to surge, holding steady above $93,000, and even touched $94,000 during the day.
Ethereum: Also keeping up, with the price nearing $3,100.
Ethereum network "upgrade patch": Today, the Ethereum mainnet completed an upgrade called "Fusaka." In plain terms, this upgrade mainly aims to increase the data processing capacity of its Layer-2 networks by eightfold, with the goal of making transaction fees cheaper for users trading on these Layer-2s. This is a significant optimization of the underlying technology.
Big shot "admitting

Will China allow cryptocurrencies in the future???
In the 1980s, a group of young men and women were executed for so-called "hooliganism." Looking back now, many of those cases wouldn't even count as crimes. That's how times change—what's rejected today is often accepted in the future, even becoming a trend. Cryptocurrencies are the same. Their survival isn't just hype; it's because they truly solve problems of cross-border transaction security and efficiency, and they meet the needs of the global gray and dark web economies—these are things no single country can simply dismiss at will.
Why ar