SleepyArbCat

The Xeleb Protocol (XCX) token distribution starts on August 11, 2025. Participants must hold 200 Alpha points to claim 800 tokens, and eligibility can be enhanced as point requirements decrease hourly if the pool isn't fully claimed. Timely claims and verification are crucial for securing rewards.

Ethereum is mirroring Bitcoin's previous explosive momentum after establishing a solid foundation above $4,000. With resistance turning to support around $4,200, the market shows stability. The ongoing consolidation indicates accumulation by larger players, setting up for potential price targets of $5,000, with increased volatility expected as traders adjust.

Remember the last bull cycle? Retail traders were everywhere, throwing money at any altcoin with a catchy name and assuming instant riches were just around the corner. The narrative was simple: find the next unknown gem, hold it for a few weeks, and watch it skyrocket. Those days had a clear

The gold market continues to attract attention in the second half of this year, with gold prices rising due to policy uncertainties, declining interest rates, and central bank holdings increases. Investors should develop strategies based on market conditions and their own risk tolerance. Whether engaging in short-term trading or long-term holding, rational analysis is essential, and blind following should be avoided. In the current volatile environment, maintaining risk control is particularly important.

2023 US stocks experienced ups and downs but ultimately performed well, from the wave of artificial intelligence to banking crises, then to high-interest environment adjustments and soft landing rebounds, the market went through a complete cycle. Tech Stocks dominated the gains, demonstrating the market's concentrated betting on specific sectors. Looking ahead to 2024, Wall Street remains optimistic about the outlook, but potential risks still exist, and market trends will depend on multiple factors.

Black Swans: Why Are They So Hard to Predict Yet Always Arrive on Time
A black swan in the financial markets refers to rare, unpredictable events with profound impacts. These events are often impossible to forecast accurately beforehand. Once they occur, they can cause massive shocks to the global economy, posing severe tests for investors' assets.
Historically, black swan events have occurred frequently. The 2008 housing market crash triggered a global financial crisis, the stock market plummeted over 20% within a month after the COVID-19 outbreak in 2020, the Ukraine war, Europe's inflation reaching a 40-year high, and the unexpected collapse of cryptocurrency exchange FTX—all these seemingly unforeseen events have severely damaged markets and shaken investor confidence.
However, statistical data reveals an encouraging pattern: after a black swan event occurs, if investors intervene at the deepest point of the decline (around half of the total drop), then

全球金融市場在12月初迎來劇烈波動，美元殖利率的急速上升已成為攪動各類資產的關鍵因素。日本央行行長植田和男釋放加息信號，引發日本債券市場全面拋售，進而觸發全球債市連鎖反應，避險情緒迅速升溫，VIX恐慌指數漲幅達5.45%。
美元殖利率攀升成市場焦點，多國債券齊聲下跌
美國10年期基準公債殖利率升至4.09%，美元殖利率的上升已成為全球投資者關注的核心。日本2年期債券殖利率更是創下2008年來的新高，首次升破1%，10年期債券殖利率觸及1.88%；德國10年期國債殖利率隨之上升至2.75%。這波殖利率攀升引發的連鎖效應波及各個市場，成為推動全球資產價格變動的主導力量。
在此背景下，加密貨

Thursday (November 27) US stocks are closed for Thanksgiving, and global markets are trading lightly. As expectations of rate cuts continue to dominate market sentiment, CME FedWatch indicates an 86.9% probability of a 25 basis point rate cut in December, while the 10-year US Treasury yield remains firmly above 4%, posing a challenge for investors in asset allocation. Against this backdrop, the US dollar's movement appears volatile, with downward pressure gradually becoming the mainstream expectation.
Gold Approaching the 4200 Level, May Day Golden Week Focuses on Power Integration
Gold prices continued their rally on Friday, rising 0.57% for the day, reaching a high of $4,193, close to the psychological level of $4,200. Market observations suggest that gold is consolidating within the $3,890-$4,225 range, with signs of short positions being continuously digested and bullish momentum gathering.
On the technical side, if gold successfully breaks through $4,220, the subsequent rebound target could be set at $4,300.

Why are more and more investors paying attention to US futures?
In recent years, trading volume in US stock futures has continued to rise, especially after the launch of micro contracts (the "micro" version of US futures), which significantly lowered the entry barrier. This is no coincidence—US futures are essentially leverage tools that allow traders to control larger market exposure with a small amount of capital.
Compared to directly buying US stocks, US futures have three main attractions: first, flexibility, as they can be traded almost 24 hours a day (from Sunday 6 p.m. to Friday 5 p.m. Eastern Time); second, low cost, requiring only margin payments rather than full capital; and third, a two-way profit mechanism, offering opportunities to profit whether the market goes up or down.
However, the greater the attraction, the higher the risk. This is precisely why we need to understand US futures in depth.
Core logic of US stock futures: representing a basket of stocks with a single number
Futures contracts are essentially agreements where both parties commit to trading at a predetermined price at a specific future time.

The NT dollar continues to weaken against the Japanese Yen, reaching 4.85 on December 10, 2025, hitting a new high for the year. Amidst increasing global market volatility, the Yen, as one of the three major safe-haven currencies, is attracting more and more investors and travelers. Many are also paying attention to the exchange rate trend between the Hong Kong dollar and the Yen, using it to gauge the overall Asian currency market. How should one choose the most cost-effective way to exchange for Japanese Yen? This article will analyze the four main channels available in Taiwan to help you make the best decision based on your needs.
Why is the Japanese Yen worth exchanging? Three core values
Daily Use: Travel, shopping, purchasing on behalf of others
Traveling to Japan remains a favorite overseas activity for Taiwanese people. In popular cities like Tokyo, Osaka, and Hokkaido, up to 40% of stores still primarily accept cash, with credit card penetration at around 60%. Whether it's purchasing cosmetics, anime merchandise, or clothing, Yen is an essential currency. For those planning to study or work part-time in Japan, it is crucial to choose the most advantageous exchange method.

By the end of 2025, the exchange rate of the New Taiwan Dollar (NTD) to the Japanese Yen (JPY) hovers around 4.85. For many people, it's the perfect time to exchange for Yen. Whether you're planning to travel abroad next year or want to do small-scale hedging investments with Yen, the key question is often not "Should I exchange?" but "How can I exchange most cost-effectively?"
There are several methods circulating in the market for exchanging Yen, but differences in exchange rates and handling fees among various banks can often save you an amount equivalent to a month's worth of bubble tea. We have compiled the latest currency exchange information to help you understand everything at once.
Why do Taiwanese people love exchanging Yen so much?
The appeal of Yen isn't just about the convenience of shopping in Japan. From a financial perspective, the Japanese Yen is recognized as one of the world's three major safe-haven currencies (alongside the US Dollar and Swiss Franc). For a long time, it has gained investor trust due to Japan's stable economy and low debt levels.
Travel and daily consumption: Popular destinations like Tokyo, Osaka, and Hokkaido, although credit cards are increasingly accepted...

This article introduces the fundamentals of fund investment, covering fund types, operating mechanisms, fee structures, and purchasing methods. It emphasizes that the advantages of funds lie in risk diversification and professional management, and provides three investment portfolio allocation schemes suitable for different risk preferences. The aim is to help working professionals and novice investors effectively manage their funds and achieve steady wealth growth.

In 2025, U.S. stock investors should pay attention to the daylight saving time adjustment on March 9 and the extended trading hours plan. U.S. stock trading hours are from Monday to Friday, including regular, pre-market, and after-hours trading. Also, be aware of market holidays and time difference changes to avoid missing trading opportunities.

An increasing number of people are choosing cold wallets to manage their crypto assets, as the security of offline private key storage is significantly higher than that of hot wallets. The article introduces how cold wallets work, several recommended hardware wallets on the market, and selection criteria. It also emphasizes that combining cold and hot wallets can reduce the risk of asset theft.

Shares and stocks are fundamentally different; shares represent ownership units in a company or fund, while stocks are equity certificates issued by publicly listed companies. Investors who purchase shares can gain capital appreciation, dividend income, and voting rights in company governance. Companies raise funds through issuing shares for various operational goals. Shares are mainly divided into common stock and preferred stock; common stock shareholders have voting rights, while preferred stockholders enjoy higher dividend rights and priority in asset repayment.

Avalanche (AVAX) has broken a resistance line above $14, showing bullish technical indicators, but futures markets indicate traders are cautious. Open interest remains low compared to past levels, signaling a wait-and-see approach. The market is at a critical juncture between $14.77 and $15.89, with the potential for a breakout or significant pullback. Regulatory developments could influence future institutional interest.

The U.S. greenback experienced considerable pressure this week, slipping to fresh multi-month territories against a basket of major currencies. The catalyst stemmed from a shift in the Federal Reserve's hawkish position toward a more accommodative outlook, catching many market watchers off

Recently, the GBP/USD has performed strongly, influenced by the Bank of England's rate cuts and rising inflation risks. Although the central bank cut rates to 4%, internal disagreements are evident, and market expectations for rate cuts have significantly diminished. The central bank's reduction of its balance sheet may increase expectations of maintaining high interest rates, thereby supporting the appreciation of the pound. Analysts believe that the pound is expected to continue appreciating over the long term, and investors should pay attention to changes in central bank policies and inflation data.

What is PCE? Simply put, it is an indicator that measures changes in the prices of personal consumption expenditures in the United States, with the full English name being Price Change Index. It reflects how Americans' spending on goods and services fluctuates over time.
Why is this indicator important? Because personal consumption expenditures account for about 70% of the US GDP and are the core engine of the US economy. The Federal Reserve (Fed) pays the most attention to the PCE inflation indicator, rather than the CPI. When PCE data is released, it often triggers chain reactions in the US stock market, bond market, and forex market.
How is PCE calculated? The logic behind it is quite simple.
The calculation process of the PCE index involves three steps:
Step 1: Data collection
Covering prices of various goods and services such as food, clothing, housing, transportation, and healthcare.
Step 2: Weight allocation
Based on consumers' actual

Many investors face the same confusion: when a company announces a capital increase, will the stock price go up or down? This seemingly simple question hides complex market mechanisms behind it. In this article, we will analyze case studies and interpret data to uncover this mystery.
Why does a capital increase become a focal point for investors?
When a company decides to raise additional capital, it is seeking funds to expand operations, invest in new projects, repay debts, or improve its financial structure. However, this decision often triggers two completely different reactions in the market.
The basic mechanism of capital increase
The standard process for a company's capital increase is: first, announce the plan and target amount; then, send a notice to existing shareholders explaining the stock price and subscription quantities. Shareholders can choose whether to participate. After payment is completed, the company calculates the total capital raised and issues new shares. This entire process changes the supply of stocks in the market, thereby affecting shareholders' ownership ratios.
When is a capital increase beneficial to the stock?