GasFeeNightmare

Hong Kong banking sector has recently performed well, driven by an unexpectedly strong increase in asset returns. According to industry analysis, this rally reflects an improvement in banks' tangible net asset return on equity (ROTE), bringing substantial investment returns to shareholders.
Looking ahead to next year, market institutions believe that the capital return levels of listed Hong Kong banks are expected to remain relatively high. The projected return on capital is expected to stay within the 10% to 17% range, which is considered a relatively ideal performance in the current low-interest-rate environment.
Interest Rate Cycle Shift: Bank Net Interest Income Under Pressure
The latest Federal Reserve dot plot signals that there may be 1 to 2 rate cuts in 2026, with further cuts to 0 to 1 in 2027. As the rate-cutting cycle progresses, interest rates may eventually fall back to around 3%. This change poses a challenge to the operating environment of Hong Kong banks.
Under the expectation of rate cuts, Hong Kong banks' core profitability indicator—net interest margin—may continue to weaken.

Recent market analysis of ETH's prospects shows that although some analysts believe it is currently in a bottoming phase, the actual sideways consolidation with reduced volume may hide risks. The market has not yet shown sufficient volume to support the price, and the support levels are still unstable. A rebound does not necessarily mean a market bottom. Investors are advised to stay patient, observe the situation, and wait for definitive signals before making any moves.

Nederlandsche Bank analyst Jane Foley recently shared her market outlook, offering a new assessment of the yen's prospects. The bank expects the USD/JPY exchange rate to decline from the current level of 156.51 to 145.00 within the next 12 months, indicating a potential for moderate yen appreciation.
However, this path of appreciation is not without obstacles. Although political uncertainties have eased, deeper fiscal challenges still pose significant constraints on the yen. Foley pointed out that Japan faces considerable budgetary pressures, especially amid an aging population, with rising defense spending further increasing fiscal burdens. This phenomenon is not unique globally—developed economies like the Netherlands are also confronting fiscal challenges brought about by demographic shifts, which often limit currency appreciation potential.
On the positive side, Japan's strong current account performance provides important support for the yen. The large and stable current account surplus...

1. What exactly is liquidation? Why are contract traders afraid of it?
In the crypto market, "liquidation" is the term investors fear most. Simply put, liquidation occurs when your account is forcibly closed out, resulting in a total loss of capital or even owing money to the exchange.
Contract trading is attractive because it offers leverage. You can control larger assets with less margin, doubling your profits when the market moves in your favor. Conversely, if the market moves against your prediction, losses are amplified proportionally. Once losses exceed your total margin, the platform automatically triggers the liquidation mechanism, and you will not only lose your entire initial investment but may also incur debt.
According to industry observations, the digital currency contract market experiences frequent liquidations due to its high volatility. This is not alarmist talk but an objective market phenomenon. Data shows that many novice investors, after entering the market,

As the December Federal Reserve policy meeting approaches, US inflation data once again becomes the market focus. The latest PPI and CPI indicators released on November 26 show that the core PCE increased by 0.2% month-on-month in September and fell back to 2.8% year-on-year, with limited decline, reflecting persistent inflation stickiness. Although energy and food costs exert upward pressure on wholesale prices, most key service items within the PCE basket remain at recent levels. This data will serve as the final inflation assessment benchmark before the Federal Reserve's December meeting.
Market participants are focused on the policy choice between rate cuts and maintaining the status quo. Politically, the ruling party intervened more than a year in advance of the midterm elections, actively promoting tax cuts and urging party candidates to emphasize the "cost of living" issue, attempting to offset public pessimism about cost pressures. However, polls indicate that the tax cut promises have not yet effectively translated into increased voter confidence, and the policy direction in the coming months remains uncertain.

This bestselling author and financial commentator Robert Kiyosaki recently updated his asset allocation advice on social media, emphasizing that in the current economic environment, it is advisable to increase exposure to hard assets. He specifically mentioned silver, Bitcoin, and Ethereum as core tools to combat currency devaluation.
Why Kiyosaki is bullish on silver
Kiyosaki pointed out in recent comments that silver is severely undervalued relative to its historical value. After the Federal Reserve announced a rate cut, he immediately increased his physical silver holdings. According to his analysis, the trading price of silver in 2024 is around $20 per ounce, and he predicts it could rise to $200 per ounce by 2026, which implies a tenfold increase.
In his view, the return of monetary easing policies will push up commodity prices. Silver, as a scarce metal and a safe-haven asset, will benefit from rising inflation expectations. This aligns with his investment stance over the past years—that during central bank expansion cycles, physical assets

Bitcoin has experienced the most intense correction of the year since early October. The price dropped from approximately $123,000 to $90.83, a decline of over 26%. During the same period, BTC futures open interest plummeted from $46 billion to $29 billion, a decrease of 37%. Behind this data hides a key signal: the market is in a forced liquidation phase rather than a new wave of bearish accumulation.
Falling Open Interest Reveals the Deleveraging Truth
The simultaneous decline of open interest and price is an important market signal. Usually, when prices fall, open interest rises, indicating active short-building; but the current situation is the opposite—both price and open interest are shrinking significantly, suggesting the market is filled with traders being forced to liquidate.
In other words, this is not smart shorts building new positions at the bottom, but highly leveraged longs being forced to cut losses as risk increases. This is

On-Chain Banking Breakthrough
Aave is rewriting the rules of DeFi lending with two major upgrades. The launch of the Aave App this week and the upcoming V4 version mark a transformation of this lending leader from a single protocol to the foundational layer of on-chain capital markets. This is not just a functional iteration but a strategic move to break into mainstream user markets.
To date, Aave has maintained the top position in the lending market with a TVL of $54 billion, more than five times higher than the second-place Morpho (approximately $10.8 billion). This scale gap is not accidental but the result of first-mover advantage, continuous innovation, and multi-chain deployment.
User-Friendly Aave App Arrives
The Aave App is the most "breakthrough" product in this upgrade. It brings DeFi yield opportunities, which were previously difficult to access, directly to ordinary users—offering annualized yields of up to 6.5%, while also ensuring...

In leveraged trading, choosing the correct margin mode is like selecting a container for your risk tolerance — one that holds a smaller amount, and one that holds a larger amount. The two margin configurations, cross margin and isolated margin, determine how you allocate funds during trading and your loss boundaries.
Isolated Margin Mode: The Choice of Risk Isolation
What is Isolated Margin?
In isolated margin mode, the margin for each position is independent and fixed. When you open a position, the leverage you set determines how much margin that position requires. Simply put, no matter how much that position loses, it can only lose the margin you have locked in for it individually.
The calculation is straightforward:
Isolated Margin = Position Size × Entry Price ÷ Leverage
For example: You buy 0.1 BTC of BTCUSDT contract at a price of 50,000 USDT, with leverage set to 25x, then the isolated margin = 50,000 × 0.1 ÷ 25

As Bitcoin prices soar, the identity of Satoshi Nakamoto and the mystery of the billionaire have once again become the focus. Since 2011, the large amount of Bitcoin he owns has never been moved, sparking curiosity about the reason behind it. Analysis suggests that Satoshi Nakamoto may be older, and the mystery of his identity remains unsolved. As Bitcoin becomes more popular, its cultural significance deepens, becoming a symbol of protest and innovation.

The surge in cryptocurrency has brought a new online threat—mining viruses are quietly invading millions of computers worldwide. If you've recently noticed your device running slower or suspect that "your device is being mined," this guide can help you uncover the truth.
Is your computer sending out warning signals? First, check for these symptoms:
Many people ask, "How do I know if my device is being mined?" Actually, your computer will give some obvious signs.
A significant drop in performance is the most common indicator. Even opening a single browser tab can cause noticeable lag. Programs launch slowly, and even moving the mouse can experience delays.
Abnormal fan noise is another warning sign. Your laptop or desktop may emit continuous high-pitched sounds, and the device may become hot to the touch. This indicates that the CPU or GPU is performing high-intensity calculations—likely mining cryptocurrency for hackers.
Power consumption skyrocketing

Recently, the USD to JPY exchange rate has reached 4.85, up more than 8% from 4.46 at the beginning of the year. Many people are starting to seriously consider exchanging for Japanese Yen. Whether planning a trip to Japan, purchasing on behalf of others, or looking to allocate funds into this major safe-haven currency, the key question remains the same—how to exchange at the lowest cost?
We have summarized the four most mainstream currency exchange channels in Taiwan, using real market prices to reveal the hidden costs of each method, ensuring you don't spend a single unnecessary dollar.
Why focus on the Yen now?
When it comes to foreign currency exchange, many people's first reaction is the Yen, but the real reasons are much more complex than just "wanting to visit Japan."
Daily life aspect: Most businesses in Japan still rely on cash payments (credit card penetration is only 60%), and activities like purchasing on behalf of others, online shopping, studying abroad, and part-time work all require frequent use of Yen.
Financial investment aspect: The Yen, along with the USD and Swiss Franc, is one of the three major safe-haven currencies. Whenever the global market experiences volatility, capital

Nanya Technology (2408) became the market focus today. Driven by optimistic expectations from Micron, the stock price surged to a historic high of 190 NT dollars during the trading session, closing at 189 NT dollars, a single-day increase of 7.08%, with trading volume also expanding to 117,000 shares. This wave of growth is not a fleeting phenomenon; it conceals a deep restructuring of the supply and demand landscape in the memory industry.
1B process enters capacity release phase, ASP elasticity creates a rare ten-year record
The core driver behind Nanya Technology's recent rise is the official profitability of its self-developed second-generation 10-nanometer class process (1B). According to the latest statistics, products using the 1B process already account for over 30% of Nanya Technology's bit output in 2025, with 16Gb DDR5 5600 specifications supplied stably, and even higher-speed 6400 MT/s versions in the verification sprint stage.
While competing with international giants, Nanya Technology successfully maintains its DDR4 pricing advantage and narrows the gap in DDR5 process落

As of December 2025, the Taiwanese dollar has risen to a critical level of 4.85 against the Japanese yen. Compared to 4.46 at the beginning of the year, the yen has appreciated by 8.7%. This market trend has attracted many people to seriously consider currency exchange or investing in yen. But the question is: how exactly should one exchange currency to avoid losing money to exchange rate spreads and fees?
Why has exchanging yen become a hot topic now?
The yen is not just pocket money for travel; it is also one of the world's three major safe-haven currencies. From the perspective of Taiwanese daily needs, whether it's shopping in Japan, purchasing via proxy, studying abroad, or seeking hedging tools against Taiwan stock market fluctuations from an asset allocation standpoint, the yen plays an important role.
Especially against the backdrop of increasing pressure for the Taiwanese dollar to depreciate, many investors have started allocating part of their funds into yen, hoping to benefit from currency appreciation and low-interest arbitrage. Data shows that Taiwan's currency exchange demand in the second half of the year has grown by 25% compared to the first half, mainly driven by the recovery of tourism.

When it comes to investment scams, one name always comes up—Ponzi schemes. This ancient and stubborn form of fraud has been playing out in financial markets for over 100 years, from Wall Street to blockchain. No matter how times change, it reappears in different forms, and the list of victims continues to grow.
How does a Ponzi scheme work? Starting with an Italian con artist
This legendary financial scam originated from an Italian-American con artist named Charles Ponzi. In 1903, after sneaking into the United States, he went through various ups and downs, working as a painter, laborer, and more. He was imprisoned in Canada for forgery and detained in Atlanta for human trafficking. After a series of failures, Ponzi discovered the fastest way to make money—financial fraud.
In 1919, just after the end of World War I, the global economy was in chaos. Ponzi saw this opportunity and claimed he could buy European postal notes and resell them to the United States.