MidnightGenesis

Recently, I’ve been paying attention to a topic gaining increasing discussion in the DeFi community—what is RWA, and why is this field considered the next major growth point.
Simply put, RWA (Real-World Assets) means bringing assets from the real world onto the blockchain. This includes USD, gold, real estate, bonds, insurance, and so on. It sounds simple, but the underlying data speaks volumes.
Do you know how large the global fixed income bond market is? About $127 trillion. The total value of global real estate is approximately $362 trillion. The market value of gold is around $11 trillion.

I just整理了一份关于人民币汇率的观察笔记，发现这两年的走势确实值得关注。
From 2022 onwards, the depreciation cycle seems to be truly coming to an end. Remember that wave in 2022, when the US dollar against the RMB soared from 6.35 all the way above 7.25, driven by aggressive Federal Reserve rate hikes, a soaring dollar index, and domestic economic pressures, which put significant pressure on the RMB. But after entering 2025, the situation started to reverse.
In the first five months of this year, the dollar index plummeted 9%, marking the worst start to a year on record. Meanwhile, the RMB against the US dollar showed a clear

Recently, a friend asked me how to calculate ROI, and I realized that many people don’t actually have a very clear understanding of the concept of return on investment. Put simply, ROI is an indicator that measures how much profit you can make from your investment, expressed as a percentage.
In fact, calculating ROI is very simple: (Money earned − Money invested) / Money invested × 100%. For example, if you buy a stock for 1 million yuan and later sell it for 1.3 million yuan, then the ROI is (1.3 million − 1 million) / 1 million = 30%. But in real life, it gets more complicated because you ne

Recently, I often see people asking how to operate liquidity mining. To be honest, many investors don't fully understand this concept. Let me share my understanding of liquidity mining and some practical experience.
First, let's talk about the basics. Liquidity mining (called Yield Farming in English) simply means you put tokens into a trading pool to help the platform or exchange increase liquidity, and in return, you earn rewards. These rewards are generally two types: one is incentive tokens given by the platform, and the other is a share of trading fees. It sounds simple, but there are qui

Recently, I’ve seen many people in the community asking how to securely store cryptocurrency assets. This is definitely a topic worth discussing. To be honest, when many people first start using hot wallets, they’re often rather casual about managing private keys and seed phrases—only to either forget them or have them stolen, resulting in a pile of painful lessons. That’s exactly why more and more people are starting to take cold wallets seriously as an option.
I think it’s necessary to first clarify what a cold wallet actually is. Simply put, a cold wallet is a wallet that stores the private

Recently, I noticed a rather interesting market phenomenon. Last week, the situation in the Middle East continued to heat up, and Iran’s highest leader made his position clear that the Strait of Hormuz must not return to pre-war conditions, which directly hit the energy market. WTI crude oil ended its previous four-day winning streak; on Friday it fell 2.19% to $94.88 per barrel. At the same time, the US Consumer Confidence Index dropped sharply: the University of Michigan’s April consumer confidence final reading was only 49.8, the lowest level since June 2022. The impact of heightened war-dr

I just realized that the matter of currency symbols across different countries is way more complicated than I thought. Especially when you’re doing international transactions or checking forex charts, if you’re not clear about what these symbols stand for, it’s easy to get into trouble.
The easiest ones to mix up are a few of those symbols. For example, the ¥ symbol: in Japan, it means the Japanese yen; in China, it means the Chinese renminbi. When writing, you need to add the country code to tell them apart—CNY¥100 and JPY¥100 mean completely different things. The $ symbol is even more confus

I've been closely watching gold trends lately, and I found that the recent market movement from last year to early this year has been quite extraordinary. The gold price for the entire year of 2025 increased by 64.72%, marking the strongest annual performance since 1979. In January of this year, it even surged to $5,600 per ounce at one point. Although there has been some pullback now, the overall level remains high.
For us Malaysian investors, this surge in international gold prices has directly pushed up local gold shop quotes. The price of 916 gold has risen particularly noticeably here in

Recently, many friends around me have been asking about cold wallets. Indeed, as more and more people participate in on-chain activities, managing private keys and seed phrases has become a major problem. I’ve seen too many people lose assets due to improper management—this is also why the recommended level of cold wallets has risen so sharply in the past two years.
First, let’s talk about what a cold wallet actually is. Simply put, it means storing private keys on an offline device, such as a hardware wallet, a paper wallet, or a USB drive. Its core advantage is isolating you from network thr

Recently, many beginners have been discussing leveraged investing. In fact, although this concept sounds complicated, the underlying logic is especially simple. Put plainly, what does leverage mean? It means using a small amount of capital to control a much larger trading position. It’s a bit like the line Archimedes said—give me a fulcrum and I can move the Earth. The principle of leverage in financial markets works in the same way.
You put up 5,000 yuan as margin, and with 2x leverage, you can trade a position of 10,000 yuan. Sounds tempting, right? When you’re profitable, your gains can ind

Recently, I’ve seen many people in the community struggling with private key management; indeed, this is a big issue. I’ve also noticed that more and more people are taking the topic of cold wallets seriously because, although hot wallets are convenient, they do carry risks.
Let’s first talk about why cold wallets are becoming increasingly important. On-chain interactions have become more frequent, but many people still aren’t cautious enough in managing private keys and seed phrases, leading to frequent cases of loss or theft. That’s why the demand for cold wallets is surging. Simply put, a c

Recently, a friend asked me how to calculate ROI, and I realized that many people are still a bit unclear about the concept of return on investment. In fact, ROI is an indicator that measures how much profit you can make from your investment. Simply put, it’s the amount of money you earned divided by the amount you invested, and then multiplied by 100% to get a percentage.
The simplest example is: you spend 1 million to buy a stock, and later sell it for 1.3 million. How do you calculate your ROI? It’s (1.3 million − 1 million) / 1 million = 30%. It looks simple, right? But in real-world pract

I’ve been keeping a close eye on the gold market lately and found that Malaysia’s gold prices hit a new high again today. I checked the quote for 916 gold—it's basically around more than 670 ringgit per gram. As for 999 fine gold, it’s even approaching about 750 ringgit. The increase is definitely pretty aggressive. From last year to now, gold prices have gone through the strongest upward cycle in nearly a decade, and throughout 2025 alone they have surged by 64.72%. International spot gold prices even broke through the $5,600 mark, and are now staying at high levels around $5,000-plus.
This r

I've been paying close attention to the gold market recently; the gold price indeed surged wildly some time ago. Last year, it increased by over 64% for the entire year, and at the beginning of this year, it even soared above $5,600, marking the strongest performance since 1979. Over the past couple of days, I looked at the gold price trend here in Malaysia, and the local 999 pure gold has approached the level of 750 Malaysian Ringgit per gram, which is a significant increase compared to the start of the year.
Spot gold has been fluctuating between over 5,000 and over 5,200 this week, with q

Recently, I’ve noticed that more and more people around me are discussing how to securely store cryptocurrency assets, and this topic is definitely worth having a proper conversation about. To be honest, in the past many people lost coins due to improper private key management, which has made everyone seriously consider the cold wallet solution.
A cold wallet essentially means storing your private key on an offline device. It sounds simple, but the benefit of doing so is truly effective—it can prevent hacker attacks. In my understanding, cold wallets mainly include hardware wallets and paper w

Recently, many people still have questions about the KYC process at exchanges. Let me briefly clarify what this thing actually is.
Simply put, KYC stands for "Know Your Customer," which is an identity verification process required by financial institutions, including crypto exchanges. The straightforward purpose is—to confirm your true identity and prevent illegal activities like money laundering, terrorist financing, or scams using fake identities.
Why are exchanges so persistent about KYC? There are a few main reasons. First, regulatory authorities require it. Governments around the world ar

Recently, in trading groups, I’ve also heard people complaining that they got “pinched” hard by a “claw-bot,” and it made me think that this phenomenon really deserves a proper discussion. Honestly, if you often mix in the crypto world, you’ve probably run into this—everything looks fine with the price, but the moment you place an order, you inexplicably get pinched.
First, let’s talk about what’s actually going on. Imagine you’re at a supermarket and you pick out a bottle of water, priced at 10. You’re about to grab it when someone else cuts in and buys it first, and then turns around and sel