Caitong Securities believes that the People's Bank of China's monetary policy report for the fourth quarter of 2025 shows three major shifts: First, the importance of the price recovery target has been elevated to second place; second, the wording has changed from "promoting the decline in financing costs" to "operating at a low level," reducing the probability of short-term interest rate cuts and shifting towards structural tools and targeted support; third, the role of exchange rate adjustment has been included in the summary, and a moderate appreciation of the RMB is conducive to balancing trade, attracting capital inflows, and offsetting imported inflation.

The Aave community has achieved some success on issues of income and governance, but key disagreements surrounding funding, branding, and the boundaries of power remain unresolved.

Author: Stani.eth Translator: Ken, Chaincatcher Original Title: Aave Founder: Why Lending is the Most Enabling Financial Product? On-chain lending began around 2017 as a fringe experiment related to crypto assets. Today, it has evolved into...

January's non-farm payrolls saw the largest increase since April 2025, marking a surprising turnaround in the US labor market after months of sluggishness! Traders have fully priced in a Fed rate cut in July, causing gold prices to plummet in the short term…

Author: Dingdang Original Title: Behind the 2000 BTC Crisis: The Fundamental Problem of CEX Ledgers On the evening of February 6th, the South Korean cryptocurrency exchange Bithumb, during a routine marketing campaign, created an incident worthy of being recorded in the annals of the cryptocurrency industry. What was originally intended to be a very small-scale...