OnchainDetective

What is ADA? Understanding the Cardano Blockchain
Cardano (ADA) is a smart contract blockchain launched in 2015 by Charles Hoskinson, one of the founders of Ethereum. The project is designed to address the limitations of the first-generation network by offering higher efficiency, lower fees, and long-term stability.
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When it comes to cryptocurrencies, people often think of Bitcoin (BTC) and Ethereum (ETH), but there is a long-underestimated project with strong fundamentals in the crypto world — Cardano (ADA). As the native token of the Cardano blockchain, ADA has not only secured a spot in the top ten by market capitalization thanks to its technological strength but also attracts global investors with its unique development approach. This article will take you deep into understanding this project called the "next-generation smart contract platform."
ADA and Cardano's Origins: The Birth of a Third-Generation Blockchain
ADA is the native token of the Cardano blockchain platform. In 2015, former Ethereum co-founder Charles Hoskinson and Jeremy Wood established Input Output Hong in Hong Kong.

In 2025, the euro's performance was underwhelming. Factors such as the Fed's rate cut expectations, divergence in ECB policies, and the de-dollarization wave have put pressure on the currency markets. However, by 2026, this situation could be completely rewritten—keyly depending on the choices made by the US and European central banks.
Divergence in Central Bank Policies: The Fed bets on rate cuts, while the ECB remains on hold
The policy stances are now clearly contrasting. The ECB's story is relatively simple—European economic resilience is strong, inflation is steadily declining, and official statements have essentially locked in interest rates at 2% until the end of 2027. Citibank's forecast is the most certain.
On the other hand, the Fed remains full of uncertainty. Goldman Sachs, Morgan Stanley, and Bank of America generally expect two rate cuts in 2026 (a total of 50 basis points), but JPMorgan Chase and Deutsche Bank are more conservative, expecting only one cut (25 basis points). This 50 basis point difference in expectations is the key trigger for euro appreciation or depreciation.
Economic fundamentals are the

During economic downturns, why do biotech stocks outperform against the trend?
Starting in 2023, the global market has been filled with uncertainty. The Russia-Ukraine conflict, aggressive rate hikes by the Federal Reserve, the collapse of Silicon Valley Bank... a series of black swan events have caused investors to feel anxious. In such an environment, most assets are declining, but did you know? There is a category of stocks that perform quite resiliently—biotech stocks.
The performance comparison over the past year between ETFs tracking the S&P 500 index and ETFs tracking the biotech index clearly shows that biotech stocks are significantly more resistant to decline. This is not a coincidence, but rather the result of the unique nature of biotech stocks themselves.
Why can biotech stocks resist inflation? Because the core revenue driver for biotech companies is the progress of new drug development, rather than the short-term economic environment. In other words, when the stock market crashes and consumers cut back on spending, the demand for medications remains relatively stable. That’s why, during periods of economic downturn, biotech stocks become market favorites.

Shiba Inu's Evolution
Shiba Inu (SHIB) initially appeared to be just a meme coin, but behind it lies an impressive ecological development ambition. This project, launched by anonymous creator "Ryoshi" on Ethereum in August 2020, has gradually transformed over years of operation into a full-featured blockchain platform.
As of July 2025, SHIB ranks 13th in the global cryptocurrency market cap, making it the second-largest meme coin after Dogecoin. This achievement is no accident—it reflects a highly active community and a continuously optimized ecosystem.
A Three-Tier Token System Supporting the Ecosystem
Unlike traditional projects with a single token design, Shiba Inu adopts a three-token model:
SHIB serves as the basic circulating token, used for transactions, payments, and consumption within the ecosystem. In reality, there are already American

As the U.S. dollar confronts its most pronounced weekly retreat in four months, global currency markets are experiencing a notable rebalancing. The shift stems from escalating expectations of monetary easing, particularly following rhetoric around potential interest rate cuts, creating a

Forex trading is like an art that requires a deep understanding of various tools, especially knowing what a Buy Stop is and how it differs from a Buy Limit. This is a fundamental knowledge that helps both beginners and professionals achieve success.
Buy Stop Is: Basic Understanding
Buy Stop is a buy order that will open at a specified price above the current market price.

Many people have heard the phrase "Don't put all your eggs in one basket," but not many truly understand the concept of an investment portfolio. Today, let's talk about this essential topic often called a must-have course in investing.
What exactly is an investment portfolio? Why do you need it?
An investment portfolio is a collection of various financial assets held in certain proportions, including stocks, funds, bonds, bank deposits, cryptocurrencies, and more. Its core purpose is twofold: maximize returns and minimize risks.
Imagine if all your savings were invested in a single stock. When that stock crashes, your entire investment could be wiped out. But if you diversify your funds across stocks, bonds, funds, and other assets, when one asset declines, others may remain stable or even increase in value, helping to hedge against risk.
This is why a portfolio is so important—it manages risk through diversification.

Understand the Two Forms of Exchange Rates First
Many people go straight to the bank to exchange for Japanese Yen, but they don't realize how much they are losing in currency conversion fees. All of this stems from misunderstandings about the "Cash Rate" and the "Spot Rate."
Cash Rate is the buying and selling price set by banks for physical cash, applicable for travelers exchanging currency on-site. The advantage is receiving cash immediately; the downside is that it is 1-2% higher than the market rate, plus handling fees.
Spot Rate is the true price in the foreign exchange market, settled in T+2 days, used for electronic transfers and foreign currency accounts. The rate is closer to international market prices.
For example: On December 10, 2025, Taiwan Bank's cash selling rate is 0.2060 TWD per 1 JPY (meaning 1 TWD exchanges for 4.85 JPY), but the online spot rate is about 4.87, and the difference is your cost.
With 10,000 TWD exchanged at the cash rate, you get 48,500 JPY; using the spot rate

Investing in stocks and understanding the basics of dividends
When you purchase shares of a listed company and become a shareholder, you have the opportunity to enjoy company dividends. After paying off debts and covering past losses, listed companies distribute remaining profits to shareholders. This process is called dividend distribution or dividend payout. The dividend amount is usually allocated based on the shareholder's proportion of ownership or according to the company's articles of incorporation. Different investors hold different numbers of shares, so the dividends they receive will vary.
So, what exactly does dividend payout mean? What are the differences between dividend distribution, dividend payments, and dividends? This article will provide a comprehensive explanation of the differences between stock dividends and cash dividends, how dividend payout is calculated, and how to evaluate which type of dividend is more beneficial for you.
Two main forms of dividend payout
In simple terms, dividend payout means the company distributes profits to shareholders. There are two methods:
1. Stock dividends (bonus shares, stock splits)
The company directly issues new shares to shareholders. The new shares will be deposited into your existing share account, and the number of shares held

China Vanke faces an imminent liquidity crisis following S&P Global's aggressive downgrade to CCC-, the latest blow to what was once considered the safest developer in China's embattled property sector. The rating agency's decision underscores mounting concerns about the company's unsustainable

For investors navigating today's volatile markets, understanding the Consumer Price Index (CPI) isn't optional—it's essential. The CPI serves as a fundamental tool that directly shapes investment returns across all asset classes, from bonds and stocks to commodities and cryptocurrencies. Whether

Stock market investing is far more than just buying and holding. By effectively utilizing two tools—margin financing and short selling—you can double your profits in a rising market or find opportunities in a falling market. However, the problem is that most investors only understand the basic concepts but are unaware of the underlying cost calculations and risk management mechanisms. This article will delve into the operational logic, cost structure, and practical applications of these two major trading tools.
Margin Financing Operation Principles: A Double-Edged Sword
The essence of margin financing is simple: investors provide a portion of the funds, and the brokerage lends the rest to purchase stocks, with the stock serving as collateral. For example, suppose you are optimistic about a certain stock, but your account only has 40 units of cash. Using margin financing, you invest 40 units of your own money, and the broker lends 60 units, allowing you to fully participate in the stock's price movements.
When the stock price rises from 100 to 150, the net value of the stock becomes 150. After deducting the broker's principal of 60 and interest costs, you can gain approximately 90 units, resulting in a return of about 12

In 2025, the Australian dollar performs strongly, benefiting from a weakening US dollar and domestic economic resilience. The outlook for 2026 is uncertain, with key factors including divergence in central bank policies, economic resilience, and geopolitical risks. Institutions forecast the AUD/USD to rise to 0.68-0.72 by year-end, but if economic or geopolitical events occur, the upward trend may be interrupted.

Many people feel intimidated when they hear "investing in stocks," thinking it's only for gamblers. But in fact, stocks are just a certificate of rights; the key is how you use them.
So, what exactly are stocks?
Imagine you and a friend open a restaurant together. Business is good, but you need money to expand. One way is to get a loan from the bank (called indirect financing), and another way is to divide the restaurant into 100 shares and sell them to 50 people, with each buying 2 shares (called direct financing—stocks). Those who buy stocks become shareholders, owning a part of the restaurant, with the right to attend shareholder meetings and share in the profits.
Essentially, investing in stocks means purchasing a part of a company's ownership.
Owning 1% of a company means you own 1% of its assets and have 1% voting rights. Sounds good, right? The problem is, this right can only be truly realized if the company goes bankrupt and is liquidated. If the company goes bankrupt, creditors get paid first.

In 2025, the RMB to USD exchange rate shows a clear appreciation trend, influenced by improved China-US trade relations and expectations of Federal Reserve rate cuts. Historical reviews indicate that the RMB has experienced a cycle from depreciation to appreciation. Top investment banks generally have a positive outlook on the RMB's future trajectory, believing it will enter a long-term appreciation phase, supported by multiple factors including policy stimulus and changes in the international economic situation.

What are US stock futures? Core concepts every beginner must understand
Futures contracts are essentially a commitment to trade in the future — both parties agree to exchange a certain asset at a predetermined price on a specific date.
For example: Suppose you sign a crude oil futures contract in March at a price of $80 per barrel. When it expires in three months, you are required to complete the transaction at this price. If the oil price rises to $90, your contract gains value, which is the profit source for futures traders.
US stock futures are derivatives that track the US stock indices. Since indices represent a basket of stocks' overall performance, the quotes for US stock futures are calculated using this formula:
Index points × Multiplier (USD) = Actual investment portfolio value
For example: If you buy mini Nasdaq 100 futures (symbol MNQ) at 12,800 points, you are actually holding a position that corresponds to the same composition as the Nasdaq 100 index.

The U.S. stock market showed strength again before the Christmas holiday, with the three major indices closing higher collectively, and both the S&P 500 and Dow Jones Industrial Average hitting new records. The Dow Jones Industrial Average rose by 0.6%, the S&P 500 increased by 0.32%, and the Nasdaq rose by 0.22%. This rally reflects the market's continued optimism about the resilience of the U.S. economy and corporate earnings prospects.
Economic data is positive, but the labor market remains stagnant
Last week, the number of Americans filing for initial unemployment benefits dropped to 214,000, below economists' forecast of 224,000, indicating resilience on the employment front. However, behind this impressive data lies a more complex market reality.
The labor market is currently in what economists and policymakers call a "no hiring, no firing" mode — companies are neither expanding hiring on a large scale nor rushing to lay off workers, showing a wait-and-see attitude. As of the week ending December 13, the number of people continuing to receive unemployment benefits

Current Investment Status of the Digital Currency Market
Digital currencies have evolved into a massive asset class. By early 2026, the global cryptocurrency market's daily trading volume exceeds hundreds of billions of dollars, with over 300 million users participating and more than 18,000 enterprises accepting cryptocurrencies as a payment method. These figures indicate that digital currencies have gradually moved from a fringe concept to mainstream recognition.
However, for most new investors, the biggest challenge remains how to make rational choices among numerous digital currencies.
The Nature and Classification of Digital Currencies
Definition of Digital Currency
Digital currency (Digital Currency) is an asset that exists in digital form, used for storing value or serving as a medium of exchange. In the traditional sense, digital currency refers to systems that replace cash transactions through electronic bookkeeping, without physical form.
What investors actually encounter