How Do Crypto Merchants Actually Make Profits
The business logic of crypto merchants seems simple and straightforward: buy USDT at a low price and sell at a high price to earn the spread. For example, buying at 6.9 and selling at 6.93, earning 300 RMB per 10,000 USDT. Based on an average daily trading volume of 100,000 USDT, monthly earnings easily reach around 90,000 RMB.
USDT, as a stablecoin pegged to the US dollar, is regarded as hard currency in the crypto world. This is also why crypto merchants are called the "only industry in the crypto circle that consistently makes profits without losses"—no need to worry about not being able to sell your USDT, nor fear losses. Even during volatile market conditions, crypto-based trading can ensure relatively stable income.
However, this seemingly "easy money" business actually has much higher technical barriers than imagined.
Entry barriers have significantly increased, and the priority system for experienced traders has become the industry norm
After the regulatory policy adjustments in 2017, exchanges withdrew from direct redemption services, and redemption

The development of quantum computers will pose a threat to current encryption algorithms, especially Bitcoin's ECDSA standard. Quantum computing could pose a substantial attack on blockchains around 2030. Major blockchains have already begun adopting different strategies to enhance security. Users and investors should closely monitor the project's quantum security preparations and regularly update wallets to reduce risks. Ultimately, the diversity of decentralized systems will be the key force in facing these challenges.

The essay discusses the rising usage of Telegram in the Asia-Pacific region, particularly in Vietnam, and the security risks associated with account takeovers through phishing scams. It emphasizes the importance of enabling two-factor authentication to prevent unauthorized access to accounts and provides detailed steps for users to enhance their security measures against potential threats.

The UK High Court ruling in the Getty Images vs. Stability AI case highlights significant challenges for intellectual property protection in the digital age. The court found trademark infringement but ruled out copyright infringement, reflecting a gap in legal frameworks for AI training and use. Solutions through blockchain and NFTs are emerging to protect creators' rights.

As Bitcoin (BTC) reaches new highs, there is a growing consensus that the market cycle is still in its early stages. In fact, compared to BTC's rise, the altcoin market has not yet shown a full-fledged movement. Investors paying attention to this are focusing on multiple projects that have the potential to grow from $1,000 to $1,000,000 in this cycle.
Market Environment Changes and Attention to Altcoins
Currently, BTC price has reached $87.69K USD, approaching the all-time high (ATH) of $126.08K USD. However, many industry observers point out that, according to traditional cycle patterns, an altcoin-led upward phase is yet to come. The market dynamics are undergoing significant changes.

What is Crypto Hedging?
Hedging is essentially using opposite positions in spot and futures markets to lock in price risk. For example, you hold $10,000 in spot assets and simultaneously short $10,000 in futures (1x leverage, or 5,000U with 2x leverage). Or, through margin borrowing, you sell spot and go long in futures.
When to use hedging? There are two scenarios:
First: Price differences or funding costs. This is arbitrage. For instance, if there is a price gap between spot and futures, or if the funding rate in futures is positive, you can profit from these mechanisms.
Second: Need to lock in price. You want to hold the coin for staking, mining, participating in snapshots, IEOs, or token sales, but want to avoid price volatility risk. Hedging comes in handy here. Essentially, hedging is a risk management tool, not a get-rich-quick scheme.
Why do hedging?
Simply put, hedging is about locking in profits and ensuring the original

The essay discusses the structure and safety mechanisms of P2P transactions, focusing on C2C trading. It outlines steps for purchasing USDT and emphasizes security measures to prevent fraud. Ultimately, it advises beginners to maintain caution and patience for successful cryptocurrency trading.

Once you understand the rules of this world’s game, you will realize a truth — the reason why the strong are strong is not because they are smarter than others, but because they choose a completely different life path.
Silence is the first step to wisdom
Have you noticed that the most talkative people around you often do the worst? They always want to explain, justify, and prove themselves. What’s the result? Every explanation subtly diminishes their value. The most understanding of the power of the strong is the power of silence. Speaking less is not out of fear, but because their energy doesn’t need to be filled with sound.
People who speak less are more authoritative, have a stronger energy field, and often more wealth — this is no coincidence. When you stop trying to prove yourself to the world and instead start observing it, you will see opportunities.
When circumstances are unfavorable, the smartest choice is to wait quietly. Silence is auspicious, and not causing trouble is also good. True strength is not about fighting reality, but about allowing everything to happen — allowing failure, allowing regrets,

Rapid Growth of No-KYC Exchanges
In recent years, the number of users of no-KYC exchanges has increased significantly. Especially with the rise of decentralized exchanges (DEX), platforms that allow buying and selling cryptocurrencies without submitting identity verification documents are gaining attention. Uniswap holds a 60% market share, and as of August 2024, it has reached 12 million monthly active users. Similarly, PancakeSwap recorded 1.9 million unique on-site users in August 2024, indicating a high level of interest in no-KYC exchanges.
Main Factors Attracting Users
The Importance of Privacy Protection
One of the primary reasons many users choose no-KYC exchanges is the non-disclosure of personal information.

Position是什么？简单理解，Position就是你在某项资产上投入的头寸大小，代表你对市场方向的一次押注。而在金融交易中，最常见的两种Position方向就是多头和空头。
多头Position：看涨资产、赚取上升差价
多头Position的意思很直白——你相信资产价格会上升。交易者或投资者直接购买资产，期望在价格上涨后以更高的价格出售，从中获利。
举个具体例子：你以20,000美元的价格买入1个比特币，预期它会涨到25,000美元。当天价格确实上升后，你将比特币卖出，扣除手续费前能获得5,000美元的利润。这就是多头Position的逻辑——低买高卖。
空头Position：看跌资产、从下跌中获利
空头Position则完全相反。你认为资产价格会下跌，于是向经纪人借入该

Bitcoin is currently trading around $72,845, showing a strong upward trend with a 5.58% increase in the past 24 hours. The market sentiment remains positive, indicating continued bullish momentum, with $73,000 emerging as a key resistance level.

The Bank of Japan will hold a policy meeting in the near future, where Governor Kazuo Ueda will assess the timing and feasibility of adjusting interest rates based on the latest economic data, demonstrating a cautious attitude to ensure policy effectiveness. The decisions made at this meeting will have a significant impact on the sentiment of Japan and global financial markets.

Web3Labs' official X account has been compromised and is spreading misinformation. Users are warned not to trust messages from the account and to avoid clicking links or sharing. The operations team is working to recover the account.

The essay explains Dollar Cost Averaging (DCA), a strategy that involves investing a fixed amount regularly regardless of market fluctuations. It highlights DCA's benefits, including eliminating timing risk, reducing psychological stress, and being beginner-friendly, making it ideal for long-term cryptocurrency holders.

Pi Network launched its mainnet, but market reaction was tepid amid concerns it could be a pyramid scheme. The project's value plummeted by 22.5% in two weeks, raising skepticism about its future viability despite a strong global community.

Four years since the total ban in 2021. Chinese miners have not disappeared, but have returned in a different form.
The underwater mining infrastructure is being revived.
According to official statistics, China's mining power, which was supposed to have disappeared, has returned to the top three in the global hash rate as of Q3 this year. On the surface, it is under the guise of "cloud computing centers" and "waste heat recovery facilities," but the reality is different.
In a small hydropower plant in Sichuan, hundreds of thousands of mining machines are in operation. The Northwest Industrial Park, while advertising "green energy use," has actually transformed into a large-scale mining hub. In extreme cases, tutorials have appeared on social media showing how to hide mining machines in clothing racks.
The motivation of economics: The disparity in electricity costs is everything.
Why regulation

Fed's Bernanke Board Member Cook stated that monetary policy meetings are not predetermined and depend on economic indicators at the time, warning against market overconfidence. Cryptoassets traders emphasize that the liquid macro environment should be taken into account.