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The global central bank movements have attracted attention in the German money market, and the outlook for German government bond yields faces new variables.
According to market analysis, although German government bond yields have not experienced significant fluctuations this week, the policy environment in the coming weeks could become the main factor driving yields higher. The spillover effect of the Bank of Japan's rate hike expectations is spreading, and this impact may affect the German and Eurozone markets within this month.
Meanwhile, the Federal Reserve's rate cut actions are also wor
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Gold and US dollar exchange rate fluctuations, spot gold surges to $4090/oz
The precious metals market performed remarkably today. According to the latest market data, spot gold continued to rise intraday, reaching a level of $4090/oz, demonstrating strong upward momentum.
Since the opening, gold has appreciated significantly against the US dollar, with a total increase of 0.59% for the day. Driven by global economic conditions and exchange rate fluctuations, the enthusiasm for gold continues to ferment.
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The truth about the influencer's disappearance revealed: Cambodian police arrest suspects involved in fraud and human trafficking

Sudden Disappearance After Ten Days of Silence: From Missing Person Notice to Criminal Warrant
Chinese internet celebrity Zhang Mucheng, with over 100,000 followers, suddenly lost all contact after traveling to Cambodia to visit family earlier this month. Family members launched a large-scale search on Douyin and Weibo. However, on November 13, the situation took a shocking turn—Cambodian police officially confirmed that Zhang Mucheng was arrested for involvement in internet scam and cross-border human trafficking, and is currently detained at the White Building Prison in Phnom Penh.
According to the detention order issued by the Phnom Penh District Court investigation judge, Zhang Mucheng participated in a series of fraud cases from October to November 2025, working closely with local criminal groups to lure victims from China and other regions into Cambodia, then handing them over to scam groups for control. Police investigations found that some illegal proceeds flowed into her accounts, indicating that she was not only aware but also had a clear division of labor with the scam groups.
Also missing is her boyfriend "Long Ge," who claims to operate in Sihanoukville.
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In the AI era, will jobs disappear or transform? The debate between Elon Musk and Jensen Huang

Recently, at an investment forum held in Saudi Arabia, two tech leaders gave completely opposite answers to the same question: How will AI change the future of work?
One side believes that within the next ten to twenty years, AI and robots will fundamentally change the nature of labor. People will be able to choose whether to work or not, as technological advancements will eliminate poverty and enable everyone to achieve financial freedom. The other side points out that the reality is more complex—AI will not make jobs disappear; instead, it will change the form of work, and increased efficiency may lead to more labor-intensive processes.
The clash between ideals and reality
Elon Musk used farming as a metaphor: just as people can choose to buy groceries at the supermarket or grow vegetables in their backyard, future work will also become an option. This vision is based on a premise—that technological progress will inevitably lead to widespread wealth distribution.
However, Jensen Huang provided a set of thought-provoking data. He pointed out that radiologists have not become significantly displaced by AI.
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U.S. September PPI Rises MoM, Energy and Food Prices Drive Inflation Pressure
According to the latest data released by the U.S. Bureau of Labor Statistics, the Producer Price Index (PPI) in September increased by 0.3% month-over-month, a significant contrast to August's 0.1% increase. The main drivers of this wave of inflation remain in the energy and food sectors, reflecting persistent pressures in the global supply chain.
Notably, excluding food and energy items, the core PPI only rose by 0.1%, indicating that underlying price pressures are relatively moderate. However, the overall wholesale
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Why has the Hong Kong property market become a new favorite for global capital?
Over the past four months, the Hong Kong property market has surged like a tide, wave after wave. Business tycoons who once vowed not to buy property are now changing their tune, pouring real money into the Victoria Harbour area. This is not an isolated case but a quiet reorganization of wealth happening beneath the surface.
**Collective Migration Signals from Internet Giants**
The most direct phenomenon is that mainland internet industries are accelerating their southward expansion. Meituan and Xiaohongshu have es
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Market Fragmentation Under Circuit Breaker Risks: Why Is BTC Moving Against the Trend?
Tonight's market shows an interesting phenomenon—while US stocks plummeted due to economic weakness and the VIX soared to high levels, [$BTC](/zh-TC/trade/BTC_USDT?contentId=32562369583841) demonstrated resilience, breaking through previous resistance levels. To understand this divergence, we need to first grasp what circuit breakers are and why current macro signals are triggering completely opposite market sentiments.
**The Same Macro Signal, Two Completely Different Interpretations**
The fundamental trigg
BTC-1.01%
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Is the key rebound point for SOL at $139? The next move in the real battle, considering institutional entry and technical analysis

Solana (SOL) recently experienced a "roller coaster" market—rapidly dropping from $137 to $130, then gradually rebounding to $133. Behind this volatility are signals of institutional funds entering the market and technical support levels being tested. Is this a prelude to a rebound or a trap to lure in short-sellers?
Institutional Strategies Open New Possibilities: Franklin Templeton's SOL ETF Effect
Franklin Templeton's spot SOL ETF launched with an initial position of 17,000 SOL, corresponding to a capital of up to $2.4 million. The unique aspect of this entry lies in the innovative staking mechanism—profits earned from institutional staking of SOL are directly incorporated into the ETF's distribution plan, effectively creating a passive income channel for holders.
However, there is a gap between ideal expectations and reality. In the first week, the SOL price did not rise on positive news; instead, it experienced a decline of over
SOL-4.05%
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Regulatory policy shift: Criticisms of financial service restrictions faced by the crypto industry emerge

According to Cointelegraph, a recent investigation report released by Republican members of the U.S. Congress accuses that past government regulatory measures have caused significant obstacles for crypto companies to access financial services. The report details various restrictions imposed by regulatory agencies, which have had widespread impacts on the industry.
How Government Regulations Have Restricted Financial Services
The report states that the previous administration's regulatory agencies limited the crypto industry's financial channels through multiple means. Specific measures include vague definitions of regulatory rules, expanded use of regulatory discretion, issuance of informal guidance documents, and a more stringent law enforcement attitude. These actions indirectly led many banking institutions to change their attitude toward digital asset customers, effectively pushing many participants out of the traditional financial system.
The specific actions of regulatory agencies cover multiple aspects: the Federal Deposit Insurance Corporation (FDIC) issued warning letters to banks, the currency regulator
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Current UK Cryptocurrency Tax Policy: Capital Gains Tax Rate Remains Unchanged, Investment Environment Signals Stability
Recently, UK Chancellor Jeremy Hunt announced the Autumn Budget Statement, making decisions on the widely discussed issue of taxing crypto assets. Against the backdrop of an increasingly完善监管 framework, authorities have decided to keep the current capital gains tax rate unchanged, continuing last year's policy tone.
This decision has received a positive response from the industry. Azariah Nukajam, Head of Compliance at Gemini UK, stated that cryptocurrencies are not included
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Deep Threat: The Cryptographic Asset Key in Old Wallets That Was "Guessed" Open

This week, the blockchain exploded with news. The US Department of Justice cracked a batch of old version wallet private keys through brute-force computation, directly transferring over 40,000 crypto assets, with a total estimated value approaching $2.4 billion. Even more alarming is that the entire process involved no hacking or social engineering scams—purely relying on computational power to "guess" the keys.
Why was this key so easily cracked?
According to in-depth analysis by the technical community, these compromised assets are stored in wallet addresses generated between 2020 and 2021. The key point is that these "fossil" applications—imToken 2.8.1 and Trust Wallet 5.14—had a critical vulnerability built in.
Their random number generator entropy was only 112 bits, far below the industry-recognized 256-bit security standard. In other words, this is equivalent to a password with 32 characters of complexity.
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**Spain's Crypto Market Continues to Attract EU Institutions, MiCA Framework Accelerates Regulatory Compliance**
Spain is becoming a hub for EU crypto asset regulation. Recently, Spain’s financial regulatory authority CNMV approved Renta 4 Banco to obtain a MiCA license, allowing the bank to enter the legitimate crypto banking sector in Spain and becoming the fourth financial institution in the country to achieve this qualification.
Spain’s open attitude toward the currency market has attracted the attention of many major international financial institutions. Relying on the MiCA passport mecha
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Guide to the Application of Fibonacci Golden Ratio in Crypto Trading

Fibonacci retracement is an important technical analysis tool used by traders in the crypto market to identify price support and resistance levels. By using the Fibonacci sequence and key ratios, traders can predict price correction levels and determine entry and exit points. When using this tool, it should be combined with other technical indicators to improve the accuracy of analysis and the effectiveness of trading strategies.
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Creating NFTs for free is not a dream | Quickly get started with your digital assets in 5 minutes

Want to create your own NFT but don't know where to start? Don't worry, creating NFTs for free is no longer a difficult task. As long as you master the right methods and tools, anyone can complete the creation and issuance of NFTs in a few simple steps. This guide will take you through the entire process, whether you're a NFT beginner or an experienced creator, you'll find a suitable way to create.
Quick Overview
Key points for creating NFTs at a glance:
- Custom Creation: Upload your images, videos, or audio files (up to 100MB), and generate NFTs for free on blockchains like OKC, Ethereum, BSC, or Polygon
- AI Art Generation: No professional design skills required, use AI tools to quickly generate unique artworks and convert them into NFTs
- Multi-Chain Support: Enjoy NFT marketplaces across 11+ networks, explore and trade various NFT assets
Preparations:
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The Astonishing Crisis in the Crypto Market: A Review of Major Black Swan Events That Changed History
In the digital asset space, many sudden upheavals have altered market dynamics. These unexpected risks, known as black swan events, often erupt at the most inconspicuous moments, causing significant losses for investors. Understanding these historic crises can help us grasp the true nature of the market.
**What Are Black Swan Events in the Crypto Market**
Black swan events refer to major incidents that occur suddenly, are difficult to predict in advance, yet have profound impacts on the entire
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Want to turn 40,000 into 100,000? Read this article to understand the real differences between Bitcoin spot, leverage, and contracts.

Starting from Beginners' Confusion
People new to the crypto world often get confused and ask: spot trading, leverage, or contracts—what should I play? Why can others do things with $40,000 that take me $200,000 to achieve? The key lies in the "magnification effect" of leverage and contracts. But this kind of amplification is a double-edged sword; profits come quickly, but so do losses.
The simplest way: Spot Trading
Spot trading is like shopping at a supermarket—pay and own. Exchange USDT for Bitcoin; once bought, it truly belongs to you. You can transfer it to your wallet or even send it to others.
The advantages are obvious: the coins you buy are yours. No matter how the market fluctuates, the amount of coins in your hands remains unchanged. As long as you don't sell, there's no risk of forced liquidation.
The drawbacks are also clear: you can only make money if the coin price rises. If the price drops? You either sell at a low price and admit defeat or hold on for a rebound—this is the ceiling of spot trading.
Advanced Play: Margin Trading
Leverage is an upgraded version of spot trading. You hold a certain
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How do FOMC meeting decisions influence the crypto market? The core logic traders must understand

The Federal Open Market Committee (FOMC) interest rate decisions profoundly impact the Crypto market. Rate hikes typically lead investors to avoid high-risk assets, while rate cuts encourage market bullishness. Traders need to closely monitor FOMC meetings and statements to capture turning points in the market and quickly adjust strategies to maintain a competitive edge.
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Ho Chi Minh City, Vietnam, and digital asset platform reach strategic cooperation to promote blockchain development memorandum

Ho Chi Minh City Department of Finance signs a Memorandum of Understanding with a digital asset trading platform, aiming to promote Vietnam as a regional international financial center. The cooperation includes blockchain technology training, providing consulting support, and ecosystem development, with the goal of strengthening the digital asset application and international competitiveness of the financial system, thereby supporting economic growth.
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Cardano ecosystem experiences a sudden software version incompatibility event, no loss for rookie traders

The Cardano network experienced a fork on November 21 due to abnormal transaction formats, stemming from inconsistent judgments of transaction validity among different node versions. The official team quickly upgraded the software to maintain consistency and ensure user funds' safety. This incident highlights the importance of version management and emergency response capabilities.
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