PseudoIntellectual

Bitcoin is currently forming an ascending wedge within a descending channel, with market sentiment tense. Trading between $90K and $92K involves significant resistance at $91-92K, while the support level of $74,620 is crucial for preventing a downward trend. Analysts emphasize the importance of technical analysis over temporary market sentiment for predicting future movements as Bitcoin approaches a critical turning point.

The emergence of Web3 is transforming capital markets, exemplified by Deshare's new PreIPO application feature that enables global cryptocurrency users to access companies like "Zhipu AI" and "MiniMax" without traditional barriers, promoting financial democratization through blockchain technology.

The essay explains the phenomenon known as "New York Cut," occurring at 10 AM NY time when many FX options expire, resulting in increased market volatility. It discusses the impact on major currency pairs, strategies for risk management, and the importance of information gathering for traders.

As the cryptocurrency market matures, 2026 will be a pivotal year that tests the true value of publicly listed companies. Major corporations that went public in 2025 are no longer evaluated solely based on buzzwords or volatility-driven management.
Shift Toward "Intrinsic Value" That the Market Demands
Until now, the cryptocurrency sector has been heavily influenced by price increase cycles. However, once the responsibility of being a publicly listed company comes into play, the situation changes dramatically. Solid revenue structures, volatility management systems, and strict compliance measures are now the criteria investors use to judge.
Just as Robert Kiyosaki emphasizes the importance of "cash flow" and "asset building,"

This essay discusses the Overnight Reverse Repurchase Facility (ON RRP) used by the Federal Reserve to absorb excess liquidity from financial institutions, market shifts due to reduced RRP usage, and highlights how XRP's rapid payment system addresses inefficiencies in cross-border transactions, showcasing its growing market relevance.

The meme token "Sol The Trophy Tomato" on the Solana network has rapidly grown to an $8.6 million market cap within 24 hours, showing over a 70% increase. Its unique concept, inspired by award-winning plants and utilizing AI for autonomous management, highlights the integration of AI in blockchain. However, potential investors must be cautious of the inherent volatility and risks of meme coins, such as limited practical use cases and price dependency on market sentiment.

The SEC announced new guidelines on September 17, 2025, to reform the approval process for cryptocurrency-related ETFs, aiming to resolve delays caused by a government shutdown. Key changes include the introduction of unified listing standards across major exchanges and an automatic effective date for registration statements, significantly speeding up the ETF approval process and potentially increasing market access for investors.

Michael J. Saylor, CEO of MicroStrategy, suggests that Bitcoin companies should not just hold Bitcoin assets but actively utilize them to issue digital credits. This shift from mere possession to proactive use could transform corporate strategy in crypto finance.

This week is the "Super Central Bank Week" before the end of the year, with the Federal Reserve holding a critical policy meeting. Against the backdrop of this macroeconomic feast, Bitcoin's technical scene is telling a subtle story—successfully completing two swing trades last week with a total profit of 6.93%, but the rebound energy is waning.
Macro Environment: Expectation Differentials Are the Deciding Factor
Market expectations for a rate cut in December are essentially locked in, but the real variable lies in the Fed's guidance on the rate cut path for 2025. This is not just a simple rate cut decision but a watershed that will determine the direction of risk assets for the entire year.
Key time points this week:
- Tuesday: US JOLTS job openings data (revealing the cooling degree of the labor market)
- Wednesday: China CPI and social financing data (indicating Asian liquidity)
- Friday: UK GDP and European CPI (confirming global easing expectations)
But these are just supporting roles. The real protagonist is Powell's dot plot—

The essay discusses the rapid maturation of the cryptocurrency market post-2025, particularly the incorporation of Bitcoin by local governments as a public asset. It highlights strategies for regulatory compliance, custody challenges, and the implications for market psychology and institutional adoption. The potential scenarios for future digital asset integration and the importance of transparent governance are also examined.

On May 22, 2010, a transaction executed by programmer Laszlo Hanyecz came to symbolize the 15-year journey of cryptocurrency. The event of purchasing two pizzas with 10,000 Bitcoins is not just a rare story, but records the moment when Bitcoin transformed from "experimental code" to "practical value."
From vanished tens of dollars to hundreds of thousands of dollars today
At that time, the value of 10,000 Bitcoins was only a few tens of dollars. It was about $0.004 per BTC, almost negligible. The amount paid for the pizzas was a very natural transaction given the market sentiment at the time.
However, over time, the valuation of Bitcoin changed dramatically.

As the number of cryptocurrency (Bitcoin, Ethereum, etc.) holders increases, the question of "what happens to taxes when you make a profit" is rapidly gaining attention. In reality, the tax system for cryptocurrencies is significantly different from that of stock investments or FX trading, and continuing to trade without understanding these differences could lead to unexpectedly high tax burdens.
This article explains everything investors need to know about cryptocurrency taxes based on the latest 2025 tax regulations, from basic knowledge to practical filing points and common misconceptions.
Four Timing Points When Taxes Are Incurred in Cryptocurrency Trading
The first important point is "when are taxes levied?" A common misconception is "until I convert to yen."

If you keep an eye on the market conditions in 2025, one word should frequently come to mind—Tokenization. The trend that has begun to attract the attention of BlackRock, the Dubai government, and even central banks is driven by the concept of RWA. While cryptocurrencies remain assets on the blockchain, RWA involves digitizing real-world value—potentially transforming the very nature of finance.
So, why is there such intense focus right now? And what is important for investors? Let’s delve deeper.
What is RWA: The Convergence of Reality and Cryptocurrency
The definition of Real World Assets (RWA) is simple. Real estate, bonds, commodities, art—physical assets in the real world

Vitalik Buterin's recent paper, "Balance of Power," highlights the structural challenges in the cryptocurrency industry, emphasizing the need for decentralized governance alongside business models to prevent power centralization and systemic risks.

Index provider MSCI is brewing a major policy adjustment, planning to remove listed companies with more than 50% of their assets in cryptocurrencies from its indices. This technical change could trigger systemic risks and serve as a catalyst for significant adjustments in the cryptocurrency market.
Mechanism risk behind the policy
This is not merely a rule adjustment but a forced reallocation of institutional funds. As a leading global index provider, MSCI's trackers include thousands of passive funds and ETFs. Once a company is removed, these funds must adjust their holdings in the short term, regardless of their own views.
Analysis by the organization BitcoinForCorporations indicates that approximately 39 listed companies could be affected, with a total market value of $113 billion. The estimated capital outflow ranges between $10 billion and $15 billion—this capital will not exit gradually but will be forced to exit immediately.