The first step utilizing the NFT marketplace
Digital art, music, videos, in-game items, and other content created by creators can now be recorded and traded as NFTs. Non-fungible tokens are unique digital assets that are permanently stored on the blockchain. They leverage the characteristics that prevent copying or tampering with others, functioning as a new way to prove ownership of digital content.
If you have an internet connection, virtually anyone can issue NFTs. The democratization of blockchain technology has allowed diverse creators such as artists, musicians, and game developers to enter this ecosystem. However, effectively managing NFTs...

The BTC wallet address is a unique identifier used to receive and send Bitcoin, similar to a traditional bank account. There are three main options: hardware, software, and online wallets, and they operate based on Public Key Cryptography. There are three main address formats: traditional address, SegWit address, and Bech32 address, which can be converted between different formats. To protect privacy, it is recommended to use a new address for each transaction, and the Private Key must be kept secure to ensure asset security and control.

The essay discusses the concept of Purchasing Power Parity (PPP) and its significance in understanding currency value, GDP comparison, and living standards across countries. It highlights the mechanisms of PPP, its applications, limitations, and its relevance in the context of cryptocurrencies, emphasizing its role in providing a clearer picture of global economic realities.

The Era of Digital Ownership - How NFTs Change the Form of Value
In recent years, digital content such as art, music, and in-game items has evolved from mere data into true assets. Supporting this transformation is the non-fungible token (NFT). By understanding how to create NFTs, creators can open up new avenues for monetization.
NFTs recorded on blockchain technology represent ownership of unique objects in the digital realm. Due to the characteristics of decentralized ledgers, editing or duplication is not easy, and authenticity is guaranteed, allowing for the certification of the value of various assets, from digital art to virtual pets.
The diverse fields where NFTs are active
Creative

Preface
As the global economy faces inflationary pressures, major central banks are shifting from once-aggressive easing policies to the opposite direction. Quantitative Tightening (QT), as a key monetary policy tool, is quietly changing the market ecosystem. Whether in traditional finance or the cryptocurrency market, this policy shift has brought about far-reaching ripple effects.
What is Quantitative Tightening (QT)? Core Mechanism Interpretation
Quantitative tightening is essentially the "opposite operation" of a central bank. During quantitative easing (QE), the central bank injects liquidity by purchasing large amounts of government bonds and financial assets; whereas quantitative tightening involves shrinking the central bank's balance sheet, cooling down an overheating economy by reducing the money supply.
In simple terms, QT is the process by which the central bank gradually "tightens the money supply."
How QT Works: Four Specific Mechanisms
The central bank implements quantitative tightening mainly through the following methods:
Stop new purchases: terminate the purchase of new ones.

CEX (Centralized Exchange) is a cryptocurrency trading platform that centrally manages users' assets and provides an easy environment for transactions. While it offers high convenience and Liquidity, there are also security risks and regulatory compliance challenges. Users must understand the advantages and risks, making appropriate platform selection important.

A stop-limit order is an advanced order management tool that automatically triggers a limit order when the stop price set by the trader is reached. It enables control over profits and losses, allowing for strategic trading.

Beyond theory: Why does the exogenous variable matter?
In any market, from the traditional to the cryptocurrency one, there are forces that come from outside and completely transform the landscape. Economists refer to this as an exogenous variable: those elements that influence the

CEX, or centralized exchanges, are popular platforms for trading cryptocurrencies, managed by central authorities that ensure market efficiency. They offer user-friendly interfaces and high liquidity, facilitating trades between fiat and crypto. However, they face security risks and regulatory challenges due to centralized asset management.

The NFP report has a significant impact on the crypto market. Strong data can lead to a US dollar appreciation, pushing down cryptocurrency prices; conversely, it may boost prices. Traders should adjust their strategies based on NFP developments. Short-term traders need to seize volatility, while long-term investors should focus on macro trends. Risk management cannot be overlooked; setting reasonable stop-losses is key.

Recently, the most asked question in the backend is still that old saying: "Is this the end of the bull market or the beginning of a bear market?" To be honest, asking this question repeatedly is pointless—the market has already given the answer through actual actions.
The cycle curse is repeating
Bitcoin has fallen from its high to the current price range, and this is not a minor adjustment but a systemic signal validation. The 18-month transition to a bear cycle after the halving, the technical breakdown of the 200-day moving average, and the Fed's tightening liquidity expectations—these factors are fermenting simultaneously. The scene at the beginning of the month where meme coins skyrocketed several times is reminiscent of the late 2021 bull market. Looking back at that leveraged liquidation storm, the entire market's $19 billion vanished in a short period, and many people's annual gains were wiped out.
History repeats, but lessons are often forgotten.
There are ways within a bear market
This decline looks fierce, but destructive cleansing is often part of the market re-pricing process. Key data shows that institutional

The market is boiling again. Institutions like Bank of America and UBS are issuing intense statements: the Bank of Japan is expected to raise interest rates to 0.75% in December and plans to continue raising rates every six months. As the last bastion of ultra-low interest rates globally, every move by the Bank of Japan affects the nerves of the global capital markets. Many people start to worry when they see the news—will liquidity really tighten? Will Bitcoin be dragged down?
But the situation is much more complex than it appears on the surface. Today, we will analyze the true nature behind this event from three dimensions: actual market reactions, arbitrage logic, and long-term impacts.
Rate hike expectations have become a market consensus, but the details are the key
First, confirm a basic fact: a rate hike is almost a certainty.
Several top global institutions have remarkably consistent predicted paths:
Bank of America’s plan: raise rates to 0.75% in December, then increase rates every six months, continuing this process until 2027. This forecast logic is clear and provides the market with...

Understanding the factors influencing the cryptocurrency market is crucial for trading. This includes market regulations, geopolitical events, and investor sentiment. Successful trading requires recognizing the basics of long and short positions, along with their associated risks and rewards.

Signals of Regulatory Shift: What Practical Tokens Mean from the FUSE Case
The SEC's issuance of a no-action letter regarding the FUSE token marks a pivotal turning point in the regulatory framework for the crypto industry. This decision not only confirms the compliant status of the FUSE token but also establishes a new set of evaluation standards for the entire industry. Currently, the FUSE token is priced at $0.01, with a 24-hour change of -1.72%, and a circulating market cap of $2.55M. Despite price fluctuations, its recognized regulatory status lays a foundation for its long-term development.
So, what does the FUSE token truly signify? It represents not just a digital asset but also symbolizes the potential for blockchain projects to innovate within a strict regulatory framework.
The Essence of the FUSE Token: Functional Rather Than Speculative
FUSE is not an ordinary speculative cryptocurrency. It is designed for Fuse

Parity Technologies plans to end its parachain auction system, transitioning to a new mechanism called Agile Coretime as part of the Polkadot V2 strategy. This aims to enhance user experience and strengthen ecosystems, particularly in bridging with Ethereum and collaborating with Kusama. The next six months will focus on implementing Agile Coretime features, aiming to improve developer experience and efficiency.

Recent Bitcoin correction pressures are not only driven by market sentiment fluctuations but also stem from a less obvious policy shift—the Bank of Japan's mild interest rate hike expectations. Ueda Kazuo's latest policy statements, while phrased gently, contain signals that are gradually impacting the crypto market. Currently, Bitcoin is fluctuating around $87.50K (+1.69%), reflecting subtle changes in the global liquidity structure.
The "boiling frog" dilemma of Yen arbitrage
The crypto market has long benefited from Japan's ultra-low interest rate environment. Over the past few years,大量资金通过借入近乎零成本的日元，转身买入加密资产进行套利。这种低成本杠杆资金的源源不断涌入，构成了币市流动性的重要支撑。
Ueda Kazuo's core message is: Although the Bank of Japan emphasizes that "the accommodative environment will continue," it is actually gradually withdrawing from ultra-loose policies.

2025 is destined to be a pivotal year for NFTs and the Metaverse. Once just toys for tech enthusiasts, now top global brands, artists, and educational institutions are rushing in. This is not just a continuation of hype, but a period of genuine application explosion.
Why is now the time for the NFT and Metaverse breakout?
Over the past three years, upgrades to blockchain infrastructure have fundamentally changed the game. Ethereum 2.0's proof-of-stake mechanism, the maturity of second-layer solutions, and a significant reduction in energy consumption—these technological advancements have eliminated the costs and environmental concerns that once troubled users.
Breakthroughs in VR, AR, and cloud rendering technologies have made virtual experiences feel real and tangible. Meanwhile, the surge in AI computing power provides the engine support for complex virtual worlds. Technical bottlenecks are gradually dissipating, and market maturity is accelerating—2025 is the moment when all these transformations turn into commercial realities.