DeFiAlchemist

In DeFi, most people ask the wrong questions.
They ask "Where does the yield come from," but the real question should be "How is the risk priced." When market volatility intensifies, those seemingly stable returns are immediately exposed by liquidations, slippage, and liquidity exhaustion. To survive a full cycle, protocols must have a solid financial logic: what collateral assets to choose, how parameters correlate with risk, how incentives align with the protocol's long-term health—not relying on money-burning subsidies to inflate data.
There's an interesting phenomenon in the TRON ecosystem

Recently, a clarification letter issued by the U.S. Office of the Comptroller of the Currency (OCC) has attracted industry attention. The document dated December 31 explicitly states that national banks can now engage in "risk-free principal transactions" involving crypto assets.
Simply put — banks can purchase crypto assets from buyers and immediately sell them to sellers, without taking on any inventory risk in between. This is a standard operational practice long used in traditional financial markets, now officially extended into the crypto space.
What does this explicit authorization from

Grayscale recently released a 2026 outlook report, with the core focus on US cryptocurrency legislation. There are signs of cooperation between the two parties on structural bills. If they can be officially promoted, it will be a turning point for the entire market—institutional funds will be more willing to enter, and the asset compliance process will accelerate. The regulatory framework is becoming clearer, and the initial signs of orderly industry development have already appeared.
As for quantum computing, Grayscale's assessment is: there's no need to worry too much. This technology is sti

Recently, the Federal Reserve Chair has once again become the focus of public discussion. More interestingly, this reflects the market's true expectations regarding policy direction.
Looking at data from prediction markets, since mid-December, the market's pricing for "holding steady" next month has gradually increased and is now at 87%. These predictions, backed by real money, often reflect participants' genuine thoughts.
From a broader perspective, the most pressing issue for the US now is the risk of stagflation. Interestingly, the Fed Chair's speech almost slipped and mentioned this term,

End-of-year market movements are quite interesting. The US dollar is falling, and the RMB is rising—this should be a celebration for Bitcoin. So, what's going on? Bitcoin has been stagnant, trading sideways within a certain price range, completely out of sync with market optimism.
What is the real story behind this?
Let's first look at the current global financial landscape. The RMB to USD exchange rate has hit a two-and-a-half-year high, approaching the 7.0 mark. Traditional safe-haven assets like gold and silver are also surging, hitting new record highs. From a macro perspective, this scena

A common problem困扰 many novice traders: their accounts only increase by 3% or 5% and they rush to lock in profits, fearing that the gains will disappear if they wait. As a result, the coins they sell later surge by 40%, 70%, or even double, leaving them full of regret.
This is a典型案例 of being ruined by small-money thinking. Making 1,000 on a 20,000 principal and then selling might seem like rational risk management, but in reality, it’s being trapped by心理陷阱. Chasing highs and selling lows is not only a common mistake among beginners but also the root cause of account shrinkage.
The lessons from

Bitcoin is now holding the 88,000 level, and the next target should be around 90,500. The performance in the past couple of days has been crucial—not only because of the monthly closing but also because of the year-end node. If a surge really occurs, reaching 92,000 or even higher is not a dream.
Before the rebound's peak is formed, the 80,000 level below will not be breached. The logic is straightforward: as long as the highs continue to explore upward, there is room for the bottom to be protected. Some may wonder, where exactly is the ceiling for the rebound? This question has actually been

#数字资产市场动态 The recent market trend has indeed been strong, $BTC with a good upward momentum. I'm quite satisfied with the gains from this round of trading—honestly, I managed to seize the opportunity when the market was good and took everything I should have. This is the feeling of going with the flow; the crypto market is like that, opportunities are always there, it’s all about who can catch them.

Many friends ask me: With the Federal Reserve starting QE next year, is the Bitcoin bear market about to end?
My view is very straightforward—Bitcoin has not entered a bear market at all, and this bull market rally is not over yet. The current correction is just a phase of consolidation before reaching the top, and the true bottom of the bear market won't appear until the first quarter of 2026.
The past three months have indeed been disappointing. From October to December, Bitcoin's performance was weak, and many of my previous judgments have been challenged by the market. The annual targets o

The Christmas season is here, and the TRON ecosystem is not resting either. Recently, there has been a quite interesting interactive activity — TRON ECO Holiday Odyssey, carefully organized by a well-known Meme platform. Five hidden stars have been set on the ecosystem Christmas tree, each corresponding to a core project within the TRON ecosystem. Covering popular tracks such as Meme, DeFi, and more, all are strong on-chain projects.
The rules of the activity are quite straightforward: as long as you guess any one project correctly, you have a chance to share a prize pool of 200 USDT. The even

#数字资产市场动态 Bitcoin repeatedly fluctuated around the 89,000 mark, with bullish and bearish forces at a stalemate. Friends who entered the market yesterday gained quite a bit — that wave of increase directly captured 2200 points. Those who followed the trend and chased higher later also did well, earning another 1000 points. The $BTC market trend this time, those who kept up with the rhythm have all benefited. For those who missed this ride, there's no need to regret — remember to do your homework in advance next time. Market opportunities always appear amidst volatility; the key is to stay aler

#战略性加仓BTC Night session quick notes for December 30: ZEC has demonstrated a classic strong bullish pattern on the four-hour chart. You can see the lows gradually rising, and the long-term upward trend line is firmly held — this kind of signal is not common on the chart.
The MACD also shows a bullish signal, with the golden cross continuing to diverge, and the momentum is still there.
ZEC trading strategy: The 525-530 range can be considered for long positions, with a stop loss at 520. The target levels above are sequentially 550, 560, 580, and 600. It is recommended to take profits in stages,

Staring at the K-line and frequently switching, fingers can't stop pressing orders. The final result is always the same—the account balance shrinks. This isn't due to poor technology; ultimately, it's a problem of human nature and discipline.
Having been in the crypto market for eight years, I've seen too many people like this: spending over ten hours a day glued to the screen, joining various groups to dig for "insider information," and still repeatedly operating until their fingers are sore. The final account statement always reads one word—loss.
In contrast, those who consistently make mone

Precious metals markets have experienced jaw-dropping volatility over the past month. From soaring to plunging, from massive losses to emergency rescue efforts—the stories behind these events are thought-provoking.
**One Night Plunge, Market Panic**
In late December, international gold prices suddenly reversed course. A single-day drop of $246 (about RMB 1,722), and New York futures gold plummeted by $268 (about RMB 1,876). This instant reversal caught many bullish investors off guard.
But it didn't happen out of nowhere. On the night before the gold price decline, a news story exploded in the

#战略性加仓BTC This week's opening was grand, but the story has yet to unfold. A bunch of assets collectively declined, sounding terrifying, but in reality, it's just a "rehearsal."
Let's look at the details. Gold and silver fell sharply, dragging down overall sentiment, but the decline in US stocks was actually minimal (0.3%-0.5%), and gold and silver only returned to last week's levels. Silver finally exited the overbought zone, and the trend line remains intact. So rather than a big plunge, it's more like a show of force.
Why is this happening? It's the end of the year, not due to a specific new

Without owners or associations, purely spontaneous ignition!
Gate Square sincerely invites all heroes from the blockchain community to gather on this stage, bid farewell to 2025, and charge into the new chapter of 2026. This is not an official routine, but the most genuine voice of the community — we are telling the market with our actions that the power of Web3 has always been about people.
The Gate Square 2026 New Year’s Eve Carnival is just around the corner. At that time, various viewpoints will clash, opportunities will be shared, and passionate dialogues will unfold. From crypto market t

Many people ask me what the secret to trading is. Honestly, rather than being about technique, it's more about understanding the market rhythm. During the market movement at the beginning of last year, I helped a trader grow an initial capital of 10,000 USDT to a profit of 850,000 USDT through systematic strategies. The most critical point in this process—rhythm is always more important than specific entry points.
I've interacted with too many traders, and their problems are often not weak analysis skills but a lack of discipline in execution. They jump in as soon as the market starts moving,

#数字资产市场动态 The only foundation for making money is to seize the big trend.
Without a trend, there are no opportunities. When the market is active, you can make money with any operation; when the market is quiet, any effort is just consumption. The reality is so cruel.
So, do this—
Don’t act unless you see a clear major signal; once you have a profit cushion, then consider adding positions.
Trading requires the resolve to make big gains. The habit of taking small profits and running needs to be changed. The strategy is actually simple: in an uptrend, chase the strongest; in a downtrend, trade t

This BTC short operation ultimately yielded a 9.68% return. The key was accurate directional judgment and perfectly timed exit. However, upon review, many issues were still exposed.
First, the take-profit and stop-loss system needs to be improved—no matter how intense market fluctuations are, discipline must be maintained to prevent profits from slipping away. Second, relying solely on technical analysis is not enough; macroeconomic conditions and regulatory trends should be integrated into the decision-making framework to make judgments more comprehensive and reliable.
Future trades should fo

BTC Market Technical Analysis
Since hitting a low in late November, Bitcoin has been consolidating in the range of 84,000 to 90,000 USD for nearly 40 days. This time span is quite significant, with the market repeatedly testing support and resistance levels.
Currently, there is a very critical zone—around 95,000 USD in the FVG area. If the price can stabilize and effectively break through this level, a push towards 100,000 USD becomes a realistic possibility. From a historical perspective, breaking this level would face the correction pressure of previous all-time highs.
The market trend often