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The Policy Reversal and Market Cascade
In August 2025, a significant geopolitical pivot emerged when the U.S. signaled a strategic reorientation regarding overseas military commitments, particularly in Europe's conflict zones. The announcement—framed around reducing fiscal burden on defense

The intersection of fitness and cryptocurrency has created one of the most interesting phenomena in blockchain gaming—Move-to-Earn (M2E) projects are transforming how people think about earning while maintaining their health. Unlike traditional gaming models, M2E platforms directly monetize your

The global uranium market is heating up, and Kazakhstan's recent tax policy overhaul is adding fuel to the fire. On July 10, the Kazakh government replaced its 6% flat-rate mineral extraction tax (MET) with a tiered structure—9% for 2025 and potentially reaching 20.5% by 2026. This move has

B. Riley Financial Inc. showed improved bottom-line results in Q1, with losses narrowing to $19.96 million from $61.30 million last year. However, revenue fell 37.5% to $186.06 million, highlighting ongoing challenges in market demand.

DeFi liquidity mining, as a new form of passive income, involves users depositing tokens into trading pools to earn platform rewards and transaction fee income. However, risks such as scams, smart contract vulnerabilities, and impermanent loss exist. It is suitable for long-term investors rather than short-term traders. Before investing, choose a reliable platform, control your position size, and continue learning.

Entering 2025, the digital currency market remains vibrant and dynamic. If you're interested in virtual currencies but don't know where to start, this article will outline the most noteworthy mainstream coins, market landscape, and key points for rational investing.
1. 2025 Mainstream Digital Currency Market Cap Rankings
Instead of worrying about "what virtual currencies are available," it's better to look at the truly influential players in the market. The following are the top five mainstream digital currencies ranked by circulating market cap:
First Tier: Bitcoin (BTC)
Circulating Market Cap: $174.95 billion
Bitcoin, created in 2008, is the first cryptocurrency and the cornerstone of the digital currency world. As the digital asset with the highest market value, Bitcoin has been adopted by well-known companies such as Microsoft and Expedia as a payment method.
Bitcoin's core advantage lies in its decentralization—anyone can transfer peer-to-peer without the need for banks or other

The United States switches to Daylight Saving Time on March 9, 2025. The US stock trading hours are adjusted to 21:30 to 4:00 the next day Beijing time. The US stock market mainly consists of the NYSE, NASDAQ, and American Stock Exchange. Each exchange has independent opening hours. Investors should pay attention to market holidays and time differences to optimize trading strategies.

In the financial markets, besides traditional stocks, forex, and commodities, there is a more flexible and higher-risk trading world—derivative instruments. Many novice investors are curious and unfamiliar with this field, often asking: "What types of financial derivatives are there? How can I participate in this market?" This article will answer the core questions about derivative investment all at once, helping you get started quickly from zero.
What are derivative financial products? An essential explanation of derivatives
Derivative financial products (English: Derivatives) are essentially tradable financial contracts. The value of this contract is closely related to an underlying asset—possibly stocks, bonds, commodities, indices, or interest rates. As the price of the underlying asset fluctuates, the price of the derivative instrument also changes accordingly.
For example, if you want to buy 1 Bitcoin (current price approximately $95,000), there are two ways:
1. Directly go to

The USD/JPY broke above 157.89 in November, reaching a 10-month high, as the Japanese government announced a fiscal stimulus plan of 21.3 trillion yen, pushing up bond yields and putting pressure on the yen. The Bank of Japan governor signaled a potential rate hike, and the market is focused on the December policy decision. If no adjustments are made, USD/JPY could break above 160.

Want to get into cryptocurrency investing but don't know where to start? Many beginners get stuck at the first step—not knowing what digital currencies are or which coins to choose. Instead of blindly following trends, it's better to build a solid foundation first. This article will help you understand the essence of digital currencies and how to scientifically select suitable investment targets.
Before you begin, you need to know what digital currencies are
Digital Currency is a form of asset that exists in the online world, used for storing value or serving as a medium of exchange. In the investment community, when we talk about digital currencies, we are actually referring to Crypto—digital cryptocurrencies—an innovative form of currency based on cryptography and P2P technology, generated by computer programs, issued, and circulated on the internet.
Unlike traditional electronic money (such as PayPal) managed by centralized institutions, cryptocurrencies are decentralized, with no single entity able to control them. This is also why Bitcoin, and

The Fibonacci tool is widely trusted in the foreign exchange market because it is based on mathematical patterns found in nature. Traders can use Fibonacci retracement to identify potential support and resistance levels during price corrections, and combine it with other technical indicators to improve trading success rates.

This article discusses the importance of a portfolio, emphasizing the scientific allocation of assets to maximize returns and control risks. It analyzes the impact of age, risk preference, and market environment on portfolio allocation, and provides various investment portfolio plans and cases. Finally, it highlights the importance of regularly evaluating and adjusting the portfolio, reminding novice investors to face market fluctuations rationally.

Policy Turning Point at the Crossroads
This week will feature two major central bank meetings—on December 18th, the European Central Bank and on December 19th, the Bank of Japan will announce their interest rate decisions. The combination of these meetings with the release of US non-farm payroll data will serve as key triggers in the forex market.
Looking at last week's market movements, the US dollar index fell by 0.60%, the euro appreciated by 0.84%, and the Japanese yen depreciated by 0.29%. This seemingly contradictory trend reflects the complex market expectations and strategic positioning regarding the policies of various central banks.
ECB Meeting: Can the Euro Maintain Its Strength?
The policy direction of the European Central Bank is becoming the decisive factor for the EUR/USD exchange rate. Last week, the euro's rally was significant, mainly driven by the market's expectation of a continued decline in the dollar following the Fed's 25 basis point rate cut. The Fed's asset purchase program (buying $40 billion of short-term government bonds monthly), interpreted as a form of QE, exerted noticeable downward pressure on the dollar.
Key Question

The Bank of Japan raised its policy interest rate by 25 basis points to 0.75%, but the yen remains weak and has depreciated significantly against other currencies. Market expectations for future rate hikes are uncertain, coupled with the strong rise of the US dollar, and it is expected that the yen's weakness will continue.

On Thursday, the financial markets staged a subtle "ice and fire" scene — the US November Consumer Price Index (CPI) unexpectedly dropped sharply to a 2.7% annual growth rate, hitting the lowest increase since early 2021, with core CPI falling to 2.6%, both below market expectations. This data should have sparked a stock market rally, but in reality, gold prices surged then retreated, and cryptocurrencies saw slight declines. Market participants are now pondering whether rate cuts are truly beneficial or harmful.
Inflation Data Shows Anomalies, Economists Question the Numbers
According to the US Bureau of Labor Statistics' November report, the overall CPI increased by 2.7% annually (expected 3.1%), and core CPI rose by 2.6% annually (expected 3%). At first glance, the cooling inflation seems to be good news — after all, the market has long been troubled by high prices. However, several economists immediately raised doubts, suggesting that there may be some anomalies behind these figures.

Market risk sentiment cools down, Fed Chair candidate Waller raises concerns about potential impacts on independence and future rate cut expectations, leading to a rise in long-term government bond yields. The stock market declines across the board, with Tech Stocks pressured by doubts over AI investment returns. Gold fluctuates, and the US dollar rises slightly. Cryptocurrencies remain relatively stable, indicating a transfer of market funds. In the coming weeks, focus will be on Fed policy signals and corporate earnings data.

As the Federal Reserve approaches, the Taiwan stock market demonstrates remarkable resilience. The Weighted Index closed today up by 218.13 points at 28,400.73 points, a gain of 0.77%, with a trading volume of NT$492.18 billion, and market enthusiasm remains high. The main driver of this rally is none other than TSMC (2330). After touching NT$1500 yesterday but failing to stabilize, today it surged to NT$1505, up NT$25, closing at the day's high, with a trading volume of approximately 23,000 lots, a single-day increase of 1.69%.
TSMC's earnings report exceeds expectations, and its performance outlook determines the market trend
The reason TSMC can play the role of market savior is mainly due to its November revenue surpassing expectations. Consolidated revenue reached NT$343.614 billion, a slight decrease of 6.5% from the previous month but a 24.5% year-on-year increase, setting a new record for the same period. Cumulative revenue for the first 11 months has already exceeded NT$3.4 trillion, rewriting historical achievements.
Driven by the continuous explosion of AI demand, institutional investors generally