DAOTruant

Many people have heard of the name Bitcoin. However, when it comes to "mining," many people imagine it as a complicated and specialized task. In fact, mining is not just about creating new coins; it is a fundamental system that supports the overall reliability of the Bitcoin network.
Contents
- [Definition of Bitcoin Mining](1)
- [Why Mining Supports the Network](2)
- [Details of the Cryptocurrency Mining Mechanism](3)
- [Frequently Asked Questions and Practical Knowledge](4)
- [Summary and Future Outlook](5)
Definition of Bitcoin Mining
The Reality of Mining: What Is Being Done

The cryptocurrency market is undergoing a fundamental shift in its participants and capital composition. Unlike previous cycles where retail enthusiasm drove explosive gains across altcoins, today's landscape is being shaped by a different force entirely — institutional capital. This transition

The Regulatory Tailwind Is Finally Here—What It Means for Alternative Assets
Bitcoin's surge to $126.08K has reignited market participation across the entire crypto ecosystem. Yet beyond the headline price moves, a more significant development is reshaping investor behavior: regulatory clarity. Th

Current Snapshot: With Ethereum trading around $2.93K, the market stands at an inflection point where multiple technical and fundamental factors converge to create substantial trading opportunities.
The Battle at 3970: Where Institutions Are Positioning
The 3970 level has become ground zero for t

December 2025 has arrived, and the exchange rate of TWD to JPY has risen to 4.85, reaching a recent high. For Taiwanese planning to travel to Japan, go on a business trip, or invest in foreign exchange, now is the critical time to exchange currency. Whether you are using a Taiwan Compatriot Permit for a business trip to Japan, preparing to handle Taiwan Compatriot Permit-related matters, or simply want to convert TWD to JPY for hedging, choosing the right currency exchange channel can save you thousands of dollars. We will break down the current five methods of exchanging JPY one by one, so you can clearly see the cost distribution of each transaction.
Why is JPY worth exchanging? It’s not just for travel and leisure
The Japanese Yen plays one of the three major safe-haven currencies in the global financial market (the other two are the US dollar and Swiss franc). This means that when global markets are turbulent, funds tend to flow into JPY for safety. During the Russia-Ukraine conflict in 2022, the Yen appreciated by 8% in just one week, while the stock market fell by 10%—in other words, holding JPY provided a natural hedge during the market crash.

The market focuses on China's trade balance data to find short-term trading opportunities. The Reserve Bank of Australia is expected to keep interest rates unchanged, with strong economic growth sparking expectations of a rate hike next year, while the Federal Reserve hints at possible rate cuts, putting pressure on the US dollar and supporting the Australian dollar/USD to rise. Traders are waiting for the Federal Reserve Chair's speech and paying attention to the market's future direction.

The recent strength of the Chinese yuan is rewriting market expectations. USD/CNH is approaching the 7.00 psychological level, and despite China's November economic data falling short of expectations, the offshore yuan has surged to a 14-month high. Behind this divergence lies a clear and rare policy signal from the People's Bank of China.
The "Steering Wheel" of the Central Bank: The New Logic of Fixing the Mid-Price
The core driver of this market movement stems from a shift in the PBoC's pricing behavior. Recently, the People's Bank of China has made a historic adjustment to the setting of the USD/CNY mid-price, fixing it above the model-estimated value. This is completely opposite to the routine practice of the past three years—where the PBoC typically set the mid-price below the model value to maintain exchange rate stability.
OCBC Bank analysts believe this is a "thoughtful action aimed at guiding the yuan on a gradual appreciation path." In other words, the PBoC is using the mid-price as a "steering wheel."

As the Taiwanese dollar appreciates against the Japanese yen to 4.85, the Japanese yen becomes a new option for asset allocation. The article introduces three main reasons why the yen attracts funds: its hedging properties, interest rate hike expectations, and arbitrage opportunities, and compares four currency exchange channels. Recommended exchange methods include online currency conversion and foreign currency ATM withdrawals to reduce costs. The Japanese yen can further be allocated into fixed deposits, insurance policies, ETFs, or forex trading, allowing investors to gain protection amid market volatility.

The Australian dollar faces a dilemma of being suppressed by the US dollar, depreciating over 35% in the past decade. The reasons include high dependence on commodity exports, reduced interest rate differentials, and the impact of US tariff policies. Moving forward, attention should be paid to the Reserve Bank of Australia's interest rate policies, China's economic recovery, and the US dollar trend to clarify its outlook. In the short term, the AUD may remain volatile, with gains difficult to achieve and relying on structural improvements.

Why Have AI Concept Stocks Become an Investment Focus?
Since ChatGPT caused a shockwave in the industry at the end of 2022, the stock prices of listed companies related to artificial intelligence have experienced dramatic surges. Many companies have seen their stock prices double even before significant profit growth. How long will this AI wave last? How should investors position themselves to seize this opportunity?
The Fundamental Definition of AI Concept Stocks
AI concept stocks refer to listed companies whose main businesses are highly related to artificial intelligence technology. These companies cover multiple segments of the entire AI industry chain: chip manufacturers, server suppliers, cloud platforms, AI software services, and more. In simple terms, investing in AI concept stocks is equivalent to investing in the infrastructure and application layers that support the entire AI ecosystem.
Artificial intelligence itself refers to technologies that enable computers or machines to possess human-like intelligence, including knowledge learning, logical reasoning, complex problem solving, natural language processing,

The US Dollar Index has depreciated significantly due to the Federal Reserve's dovish signals, impacting global capital markets and prompting capital flows into Tech Stocks, gold, and emerging markets. Although the US dollar has recently weakened, a rebound may occur if economic data remains strong. Analysts recommend investors diversify their asset allocation to cope with market volatility.

Why does after-hours trading attract investor attention?
Whenever the closing bell rings for the US stock market, many traders are just getting ready to start. The secret behind this is the existence of electronic trading— a mechanism that breaks through traditional trading hours, allowing investors worldwide to participate in the market at any time zone and any moment.
Electronic trading (also known as night trading or after-hours trading) essentially extends the trading window. The normal trading hours for US stocks are from 9:30 AM to 4:00 PM Eastern Time, but outside this period, electronic trading allows investors to continue trading. The futures market goes even further, achieving nearly 24-hour continuous trading, from crude oil and gold to various futures products, enabling global investors to respond to market changes at any time.
US stock futures trading schedule
US stock after-hours trading time
US stock electronic trading occurs from 4:00 PM to 8:00 PM Eastern Time, lasting about 4 hours. Due to the United States

On December 10, 2025, the Taiwanese dollar against the Japanese yen broke through 4.85, and more people started exchanging yen. But have you ever thought that exchanging the same 50,000 TWD through different channels can actually save you 1,500-2,000 NT?
Many people are used to going directly to the bank to exchange, unaware that this is the most expensive of the four methods. We break down the latest real exchange rates and handling fees to help you find the truly cost-effective route.
Why is exchanging yen now becoming popular?
It's not just because of traveling abroad. The yen, as one of the world's three major safe-haven currencies (alongside the US dollar and Swiss franc), often rises against the trend during global stock market turbulence. During the Russia-Ukraine conflict in 2022, the yen appreciated by 8% in a week, while the stock market fell by 10% in the same period.
For Taiwanese investors, this adds an extra layer of protection to the Taiwan stock market. Additionally, the Bank of Japan's recent hawkish rate hike expectations have heated up— the December 19 meeting is expected to raise rates to 0.75% (a 30-year high), boosting Japanese government bond yields.

What is Crypto? Rethinking this Digital Revolution
Crypto is essentially a new financial medium built on code. Imagine it is not issued by a central bank or government, but maintained collectively by a decentralized global computer network as a "virtual asset."
This system has three core features:
Decentralized issuance mechanism — no single bank or government, with currency supply determined by algorithms, total supply transparent and verifiable.
Blockchain technology support — every transaction is recorded on a distributed ledger, witnessed and confirmed by countless nodes, making it tamper-proof.
Private keys determine ownership — your assets belong to a string of "private keys" known only to you, stored in your digital wallet, impossible for anyone else to seize.
It is worth noting that Crypto differs fundamentally from digital currencies (such as China's Digital Yuan). The former is issued by individuals or enterprises and operates in a decentralized manner; the latter is

In the fields of stocks, funds, foreign exchange, and other investments, novice investors often hear a term: "being cut like chives." Many people who suffer investment losses jokingly refer to themselves as "chives," but what exactly does "cutting chives" mean? Why do some people become chives? This article will deeply analyze this phenomenon and provide practical coping strategies.
What is the essence of "cutting chives"?
The metaphorical meaning of the term
Chives are a resilient vegetable that can quickly regenerate after being cut, growing new shoots one after another. This characteristic is borrowed into the investment field to describe retail investors who repeatedly suffer losses in the market. They are like continuously harvested chives—after losing money, a new group of investors enters the market, and the cycle repeats.
Application in the financial market
The term "cutting chives" originally appeared in Chinese financial circles and later spread to other Asian investment markets. This term reflects the asymmetry among market participants: retail investors lacking experience and information, because of their lack of experience and information, are often exploited by more informed and institutional players, leading to repeated losses.

Currently, international gold prices are reaching new highs, and young investors are re-evaluating gold investments. Due to inflation and market uncertainty, gold as a store of value and risk hedging asset allocation is gradually gaining popularity. Various investment methods make it easy for small investors to enter the market, but gold's preservation ability is not linear, and understanding market cycles is necessary. It is recommended that beginners start with gold savings accounts and ETFs, focus on risk management and market analysis, and combine long-term and swing trading to achieve wealth appreciation.

Why should you pay attention to military industry stocks now?
In recent years, regional conflicts have escalated frequently, from the Russia-Ukraine war to Middle East tensions and the Taiwan Strait crisis. The nature of warfare has fundamentally changed. Unlike traditional combat methods that rely heavily on manpower, modern warfare increasingly depends on technological empowerment—drones, precision missiles, information warfare, and cyber defense and offense have become key to victory. This shift has driven enormous demand for the military industry.
Governments around the world have also recognized this trend. Major countries like China, Taiwan, and the United States are continuously increasing their defense budgets, and this growth in expenditure has become a long-term norm. In the context of a declining birthrate, countries prefer to invest in developing high-tech weapon systems rather than rely on large-scale manpower deployment. As a result, the military industry is experiencing unprecedented growth opportunities.
Military Industry Stocks and Arms Stocks: A Must-Learn Before Investing
What are military industry stocks?
In a broad sense, arms stocks include all companies related to national defense

Retail REITs have shaken off years of doubt. Once plagued by concerns about e-commerce cannibalization and rising interest rates, the sector has staged a remarkable recovery. For the first nine months of 2025, retail-focused REITs delivered an average return of 6.9%, according to the National