Jucoin Holder2025-09-08 15:04
📊 Các sự kiện chính trong tuần
1. Bản cập nhật dữ liệu BLS 12 tháng - Thứ Ba
2. Dữ liệu lạm phát PPI tháng 8 - Thứ Tư
3. Báo cáo hàng tháng của OPEC - Thứ Năm
4. Dữ liệu lạm phát CPI tháng 8 - Thứ Năm
5. Dữ liệu Tâm lý người tiêu dùng Mỹ - Thứ Sáu
6. Dữ liệu Kỳ vọng lạm phát Mỹ - Thứ Sáu
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Jucoin Holder
2025-09-08 15:05
📊 Các sự kiện chính trong tuần
[{"type":"paragraph","children":[{"text":"1. Bản cập nhật dữ liệu BLS 12 tháng - Thứ Ba"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"2. Dữ liệu lạm phát PPI tháng 8 - Thứ Tư"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"3. Báo cáo hàng tháng của OPEC - Thứ Năm"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"4. Dữ liệu lạm phát CPI tháng 8 - Thứ Năm"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"5. Dữ liệu Tâm lý người tiêu dùng Mỹ - Thứ Sáu"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"6. Dữ liệu Kỳ vọng lạm phát Mỹ - Thứ Sáu"}]}]
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$BNB - Key Levels & Price Action[{"type":"paragraph","children":[{"text":"Looking at the "},{"type":"link","url":"https://coinmarketcap.com/community/coins/bnb/top/","children":[{"text":"$BNB"}]},{"text":" chart, the price has been moving up nicely after finding support at $920. It’s now targeting two key levels:"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Target 1: $1,034.1 – This is an important resistance level, and if we break it, we could see further upside."}]},{"type":"paragraph","children":[{"text":"Target 2: $1,083.8 – The ATH (All-Time High) target could come into play if we see strong momentum."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Key Zone to Watch:"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"$920 — A pullback here would be a solid area to watch for a potential long entry."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"HTF Key Zone — If this area holds, we can expect a continuation toward $1,034.1 and ultimately $1,083.8."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Let’s see if "},{"type":"link","url":"https://coinmarketcap.com/community/coins/bnb/top/","children":[{"text":"$BNB"}]},{"text":" can continue its bullish trend or if we’ll see some consolidation. Stay ready"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":""},{"type":"link","url":"https://coinmarketcap.com/community/topics/BNBChain#/top/","children":[{"text":"#BNBChain"}]},{"text":""},{"type":"link","url":"https://coinmarketcap.com/community/topics/Aster/top/","children":[{"text":""}]},{"text":""},{"type":"link","url":"https://coinmarketcap.com/community/topics/Altcoin Season#/top/","children":[{"text":""},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" "}]},{"text":" "},{"type":"link","url":"https://coinmarketcap.com/community/topics/Bullish/top/","children":[{"text":""},{"type":"topic","character":"Blockchain","children":[{"text":""}]},{"text":" "}]},{"text":""}]}]
♻️Rebrand Momentum, New Journey Ahead – Ju.com TOKEN2049 Singapore Preview!💥[{"type":"paragraph","children":[{"text":"Late September and early October in Singapore always carry a tropical tension. The Marina Bay shimmers with golden light under the sun, and as night falls, the city’s rhythm gets faster and brighter. This time, "},{"type":"link","url":"https://www.ju.com/en","children":[{"text":"Ju.com"}]},{"text":" steps into TOKEN2049 with a brand-new identity and vision."}]},{"type":"paragraph","children":[{"text":"As a global leader in cryptocurrency trading and a Web3 ecosystem builder, Ju.com announces its prominent appearance at "},{"type":"link","url":"https://www.asia.token2049.com/partners","children":[{"text":"TOKEN2049 Singapore as a Platinum Sponsor"}]},{"text":". Through interactive experiences at Marina Bay Sands booths PB5-818 & PB5-84, exclusive merchandise, and an immersive After Party, Ju.com will fully showcase its renewed brand philosophy—“"},{"type":"link","url":"https://cointelegraph.com/press-releases/jucoin-rewrites-the-impossible-and-transforms-into-ju-com","children":[{"text":"Rewrite I’mpossible"}]},{"text":"”—and deliver on its most direct promise to users: “Point.Click.Trade.”"}]},{"type":"heading-two","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"🟠Starting from a “J”"}]},{"type":"paragraph","children":[{"text":"\nIn the world of Ju.com, a small “J” represents transformation. It turns “impossible” into “I’m possible.” Just like Ju.com’s mission: to turn what was once complex and intimidating in crypto into a natural action as simple as a click.Over the past twelve years, we’ve grown from a regional exchange into a global ecosystem. Today, Ju.com has gathered more than 50 million users across 100+ countries and regions, with a daily trading volume surpassing $5 billion. Numbers are just a footnote—we care more that every click brings us closer to true simplicity.\n"}]},{"type":"heading-two","children":[{"text":"🟠A Luxury Review: Highlights from Dubai to Hong Kong"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"From April 30 to May 1, 2025, Ju.com made its international debut at "},{"type":"link","url":"https://www.newswire.ca/news-releases/jucoin-made-a-global-impact-at-token2049-dubai-advancing-its-ecosystem-with-the-peak-experience-vision-and-juchain-s-robust-tech--831677930.html","children":[{"text":"TOKEN2049 Dubai"}]},{"text":". As a Platinum Sponsor, we showcased an 18-meter-tall four-sided pillar, delivered a main stage keynote alongside industry leaders, and presented a 36m² flagship booth—demonstrating our strength in ecosystem integration."},{"type":"link","url":"https://youtu.be/cl8JKttjutw","children":[{"text":"Ju.com CEO Sammi Li’s keynote"}]},{"text":", “From Luxury to Crypto – Creating Standout User Experiences,” stated: “For Web3 to reach mass adoption, the industry must shift from a ‘tech-for-tech’s-sake’ mindset to a ‘user-first’ approach.”She shared how the service principles of luxury brands can be brought into crypto products to create memorable experiences."}]},{"type":"paragraph","children":[{"text":"\nOn the first evening of the conference, we hosted the “Great Gatsby”-themed JuFusion DJ party, which drew nearly 3,000 registrations and became one of the most eye-catching social events of Dubai Web3 Week. The party featured an AR interactive check-in area, themed art installations, and live performances by internationally renowned guests.At the same time, JuChain mainnet officially launched at the Dubai H Hotel Demo Day on May 1, alongside a hackathon that attracted nearly 100 global development teams competing across six tracks: core tech innovation, ZK-Rollup integration, and breakthrough application scenarios. Winning teams shared a $500,000 prize pool and received priority access to Ju Labs investment opportunities, including CancerDAO’s decentralized research data platform and Didotxyz’s decentralized AI ecosystem."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"This series of initiatives not only demonstrated Ju.com’s international progress to the world, but also laid a solid foundation for this rebrand momentum and new journey at TOKEN2049 Singapore.On September 20 in Hong Kong, Ju.com and its strategic partner xBrokers co-hosted the "},{"type":"link","url":"https://m.odaily.news/en/post/5206440","children":[{"text":"Hong Kong Stock Liquidity Global Digital Summit"}]},{"text":", gathering over a hundred guests from regulators, listed companies, brokerages, research institutions, and the Web3 ecosystem to discuss HK equity liquidity, RWA compliance, and cross-border settlement efficiency.\n\nAt the summit, Ju.com unveiled a general solution for “custody, verification, and integration” centered on the exchange ecosystem; xBrokers presented its “1:1 real-stock custody + on-chain verification” base, combining brokerage clearing with on-chain proofs to bridge TradFi and Web3."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Experts from academia, industry, and investment emphasized that the combination of RWA and Web3 is reshaping cross-border market structures.\n\nJu.com and xBrokers also announced the next milestones:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"More broker API integrations"}]},{"type":"list-item","children":[{"text":"Expansion of custody and audit nodes"}]},{"type":"list-item","children":[{"text":"Optimizing cross-border settlement processes"}]},{"type":"list-item","children":[{"text":"Enhancing disclosure frequency and scope"}]}]},{"type":"paragraph","children":[{"text":"Ju.com stated that all efforts will be carried out under compliance frameworks and principles of transparency, gradually distilling research and development materials for the ecosystem."}]},{"type":"heading-two","children":[{"text":"\n\n🟠Encounter Possibilities at the Booth"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Step into booths PB5-818 & PB5-84 on Level 5 of Marina Bay Sands Hotel and you’ll immediately notice Ju.com’s bright orange space. It feels less like a traditional booth and more like a place to play."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Snap a moment and upload to X; pick up a Switch controller to win against a friend or stranger for a lottery ball; take the lottery ball to spin the prize machine and feel your heartbeat quicken in anticipation; finally, head to the prize area and turn your joy into a souvenir."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Limited-edition IP character T-shirts, JU Merlion lucky bags, or even ELLIPAL cold wallets could all be yours. This is our “Point.Click.Trade” philosophy brought to life—real experiences through the simplest interactions."}]},{"type":"heading-two","children":[{"text":"\n🟠JuVibe at Night: I’mpossible Night"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"While the daytime of TOKEN2049 is for networking, the night belongs to Ju.com. On October 2, from 7pm until 2am, we will host the themed After Party “JuVibe I’mpossible Night” at the legendary Zouk Singapore (3C River Valley Road, The Cannery).\n\nThis event is not only a celebration of our rebrand, but also a fusion of music, technology, and philosophical reflection. Concert-grade sound and lighting, a 360° immersive LED wall, a liftable stage, top international DJs, and dynamic live performances will light up the night. Multiple rounds of prizes and exclusive merchandise will bring surprises to every guest. We’ll also pose one question for the night: In an increasingly complex digital world, what kind of simplicity is truly worth striving for?"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"As the inaugural celebration of the most significant upgrade in Ju.com’s brand history, “JuVibe I’mpossible Night” will be a feast of music and energy—a catalyst for industry collaboration and innovative inspiration.For more details or to apply for attendance, please visit: "},{"type":"link","url":"https://luma.com/tioldm0i","children":[{"text":"https://luma.com/tioldm0i"}]},{"text":""}]},{"type":"heading-two","children":[{"text":"\n🟠New Journey Ahead: Steering Toward the Future of Financial Infrastructure"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Behind our rebrand momentum, what we want to talk about is the future.Behind this transformation is a longer-term course. Ju.com, together with strategic partner xBrokers, is showcasing new infrastructure for Hong Kong equity RWA liquidity. Through the 30% reserve mechanism and stock liquidity mining, we’re opening new channels for real-world assets and building a more efficient bridge between crypto and traditional finance."}]},{"type":"heading-two","children":[{"text":"\n🟠Our Long-Term Direction"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"The Ju.com rebrand is a path that extends into the future.\nWe believe technology should fade into the background, leaving only a simple, intuitive user experience. No matter how complex the backend, every platform touchpoint should feel natural and effortless."}]},{"type":"list-item","children":[{"text":"Our vision is to make blockchain technology an invisible infrastructure, enabling seamless access to financial opportunities for users around the globe.\nOur mission is to make crypto trading as intuitive as operating a computer interface—removing technical barriers so everyone can navigate the crypto world with ease."}]},{"type":"list-item","children":[{"text":"For Ju.com, TOKEN2049 is not just another event, but a clearer announcement: Rebrand Momentum, New Journey Ahead. A new identity, a new course, a new story, all begin here."}]}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"JuExchange","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"TOKEN2049","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"JuVibe","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Impossible","children":[{"text":""}]},{"text":" \n"}]}]
👨💻 Ju.Com BLOCKCHAIN 101: LEARN AVERAGE DIRECTIONA INDEX IN 3 MINUTES.[{"type":"paragraph","children":[{"text":"JuExchange Academy is the world’s first online academy to offer comprehensive education on crypto-native indicators. It features the most extensive technical indicator tutorials and is the most detailed online learning platform for market technical analysis. Here, you’ll find hundreds of courses on commonly used indicators, along with nearly every known crypto-native indicator tutorial."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Today we’re going to learn about the Average Direction Index (ADX). The Average Directional Index (ADX) is one of the most reliable trend strength indicators in technical analysis. Developed by J. Welles Wilder in the late 1970s, ADX was introduced in his book “New Concepts in Technical Trading Systems”, alongside other classic tools like Relative Strength Index (RSI), Parabolic SAR, and Average True Range (ATR)."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Unlike indicators that focus on price direction, the ADX measures the strength of a trend, whether bullish or bearish. In other words, it tells you how powerful a trend is, not its direction. This makes it highly valuable in both traditional markets and crypto trading, where volatility and false breakouts are common."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"The History of ADX","bold":true}]},{"type":"paragraph","children":[{"text":"ADX was born out of Wilder’s observation that traders often misread trend movements, entering trades prematurely or holding losing positions too long. He wanted an indicator that could quantify trend strength objectively."}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"1978: Wilder introduces ADX along with +DI and -DI, forming the Directional Movement System."}]},{"type":"list-item","children":[{"text":"Original use case: Commodities and futures markets, where trends can be long-lasting but also subject to whipsaws."}]},{"type":"list-item","children":[{"text":"Modern adoption: ADX is widely applied in stocks, forex, commodities, and cryptocurrencies. In crypto markets, ADX is particularly useful for filtering noise in highly volatile assets like Bitcoin, Ethereum, and altcoins."}]}]},{"type":"heading-two","children":[{"text":"","bold":true}]},{"type":"heading-two","children":[{"bold":true,"text":"How ADX is Calculated"}]},{"type":"paragraph","children":[{"text":"ADX calculation involves several steps, using both price highs, lows, and closes:"}]},{"type":"numbered-list","children":[{"type":"list-item","children":[{"text":"Calculate Directional Movements","bold":true}]}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"+DM (Positive Directional Movement) = today’s high − yesterday’s high"}]},{"type":"list-item","children":[{"text":"−DM (Negative Directional Movement) = yesterday’s low − today’s low"}]},{"type":"list-item","children":[{"text":"Only the greater of the two is considered, and negatives are set to zero."}]}]},{"type":"numbered-list","children":[{"type":"list-item","children":[{"text":"Calculate True Range (TR)","bold":true}]}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"TR = max(high − low, |high − previous close|, |low − previous close|)"}]},{"type":"list-item","children":[{"text":"TR captures the total range of price movement, including gaps."}]}]},{"type":"numbered-list","children":[{"type":"list-item","children":[{"text":"Smooth +DM, −DM, and TR","bold":true}]}]},{"type":"paragraph","children":[{"text":"Typically using a 14-period Wilder’s smoothing (similar to EMA but slightly different)."}]},{"type":"numbered-list","children":[{"type":"list-item","children":[{"text":"Compute Directional Indicators (+DI and −DI)","bold":true}]}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"+DI = (Smoothed +DM ÷ Smoothed TR) × 100"}]},{"type":"list-item","children":[{"text":"−DI = (Smoothed −DM ÷ Smoothed TR) × 100"}]}]},{"type":"numbered-list","children":[{"type":"list-item","children":[{"text":"Compute DX and ADX","bold":true}]}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"DX = |+DI − −DI| ÷ (+DI + −DI) × 100"}]},{"type":"list-item","children":[{"text":"ADX = smoothed moving average of DX"}]}]},{"type":"numbered-list","children":[{"type":"list-item","children":[{"text":"Key point","bold":true}]}]},{"type":"paragraph","children":[{"text":"ADX is always positive. A rising ADX indicates a strengthening trend, while a falling ADX indicates weakening momentum."}]},{"type":"heading-two","children":[{"text":"","bold":true}]},{"type":"heading-two","children":[{"bold":true,"text":"Interpreting ADX"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"ADX < 20 → Weak trend or sideways market. Market is choppy; trend-following strategies may fail."}]},{"type":"list-item","children":[{"text":"ADX 20–40 → Moderate trend; trend-following strategies start to work."}]},{"type":"list-item","children":[{"text":"ADX 40–60 → Strong trend; good for swing or trend traders."}]},{"type":"list-item","children":[{"text":"ADX > 60 → Very strong trend; may indicate trend exhaustion soon."}]}]},{"type":"heading-four","children":[{"text":"Combining +DI and −DI","bold":true}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"+DI > −DI and ADX rising → Bullish trend strengthening."}]},{"type":"list-item","children":[{"text":"−DI > +DI and ADX rising → Bearish trend strengthening."}]},{"type":"list-item","children":[{"text":"ADX falling → Trend losing strength, regardless of +DI/−DI position."}]}]},{"type":"heading-two","children":[{"text":"","bold":true}]},{"type":"heading-two","children":[{"bold":true,"text":"Using ADX in Crypto Trading"}]},{"type":"paragraph","children":[{"text":"Crypto markets are highly volatile and prone to sudden price spikes or dumps. ADX can help:"}]},{"type":"numbered-list","children":[{"type":"list-item","children":[{"text":"Filter false signals: Avoid entering positions in low-ADX environments (<20)."}]},{"type":"list-item","children":[{"text":"Trend confirmation: Only take trades when ADX rises above 20–25."}]},{"type":"list-item","children":[{"text":"Swing entries: Use ADX to ride the trend and time entries/exits."}]},{"type":"list-item","children":[{"text":"Complementary tools: Combine ADX with moving averages, Bollinger Bands, or Donchian Channels for better precision."}]}]},{"type":"paragraph","children":[{"text":"Example Strategy","bold":true}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Buy signal: +DI > −DI and ADX > 25"}]},{"type":"list-item","children":[{"text":"Sell signal: −DI > +DI and ADX > 25"}]},{"type":"list-item","children":[{"text":"Exit: ADX starts declining from high levels (>50)"}]}]},{"type":"paragraph","children":[{"text":"Tip:","bold":true},{"text":" In crypto, high ADX readings can persist longer due to strong market sentiment; always manage risk with stop-loss orders."}]},{"type":"heading-two","children":[{"text":"","bold":true}]},{"type":"heading-two","children":[{"bold":true,"text":"Common Pitfalls"}]},{"type":"numbered-list","children":[{"type":"list-item","children":[{"text":"ADX does not indicate trend direction – must combine with +DI/−DI or price action."}]},{"type":"list-item","children":[{"text":"Avoid trading in low ADX conditions – markets may be too choppy."}]},{"type":"list-item","children":[{"text":"High ADX ≠ guaranteed continuation – extreme trends can reverse."}]},{"type":"list-item","children":[{"text":"Overreliance on ADX alone – always consider volume, news, and market context."}]}]},{"type":"heading-two","children":[{"text":"","bold":true}]},{"type":"heading-two","children":[{"bold":true,"text":"Advanced Applications"}]},{"type":"numbered-list","children":[{"type":"list-item","children":[{"text":"Divergence Analysis: Compare ADX with price movement to spot trend weakening."}]},{"type":"list-item","children":[{"text":"Trend Strength Comparison: Use ADX across multiple timeframes to find consistent trends."}]},{"type":"list-item","children":[{"text":"Crypto-Specific Use:"}]}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Detect altcoin breakouts during low-ADX consolidation."}]},{"type":"list-item","children":[{"text":"Identify trend exhaustion before large pullbacks in high-volatility coins."}]}]},{"type":"heading-two","children":[{"text":"","bold":true}]},{"type":"heading-two","children":[{"bold":true,"text":"Conclusion"}]},{"type":"paragraph","children":[{"text":"The Average Directional Index (ADX) remains one of the most reliable trend strength indicators in technical analysis. In crypto trading, where volatility is high and trends can be both rewarding and dangerous, ADX helps traders:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Identify trend strength；"}]},{"type":"list-item","children":[{"text":"Filter out market noise；"}]},{"type":"list-item","children":[{"text":"Make better-informed trading decisions."}]}]},{"type":"paragraph","children":[{"text":"Key takeaway: ADX is not about predicting price direction but about understanding the force behind a trend. Combining it with +DI/−DI, price action, and other technical tools can significantly improve trading performance."}]},{"type":"paragraph","children":[{"text":"\n"},{"type":"topic","character":"JuExchange","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Blockchain101","children":[{"text":""}]},{"text":" \n"}]}]
♻️Starting From BlackRock’s Filing for a Bitcoin Premium Income ETF![{"type":"paragraph","children":[{"text":"⚜️ Starting From BlackRock’s Filing for a Bitcoin Premium Income ETF: A Simple Primer on Premium Income ETFs."}]},{"type":"paragraph","children":[{"text":"\nAccording to market disclosures, the world’s largest asset manager BlackRock has filed in the state of Delaware, USA, for a Bitcoin Premium Income ETF (iShares Bitcoin Premium Income ETF)."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Keep in mind, BlackRock is already a giant in the global ETF market — its iShares product family manages over a trillion dollars. Previously, the Bitcoin spot ETF it championed was approved in the United States and was regarded as a “watershed” event for the crypto market in 2024. Now, it is once again attempting to launch a Premium Income ETF, which clearly sends a signal: traditional financial institutions are continuously expanding Bitcoin-related financial derivative products and bringing them into more complex and diversified investment frameworks."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"So here’s the question: what is a Premium Income ETF? How is it different from a regular ETF? What does it mean for retail investors and the crypto market? Next, let’s discuss the logic of a Premium Income ETF in the simplest terms.\n"}]},{"type":"heading-two","children":[{"text":"Let’s first review some ETF basics"}]},{"type":"heading-three","children":[{"text":"1. What is an ETF?"}]},{"type":"paragraph","children":[{"text":"ETF stands for Exchange Traded Fund. In essence, it is a basket of assets that trades on an exchange like a stock. For the average investor: when you buy an ETF, you’re effectively buying a basket of assets rather than a single underlying security."}]},{"type":"paragraph","children":[{"text":"Its advantages are simple: strong liquidity, low cost, and high transparency. In the crypto market, we are already familiar with Bitcoin spot ETFs: they are backed by custodians that actually hold Bitcoin, and each share of the ETF represents a certain quantity of BTC."}]},{"type":"heading-three","children":[{"text":"2. Types of ETFs"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Index ETFs: Track an index (e.g., S&P 500 ETFs)."}]},{"type":"list-item","children":[{"text":"Sector ETFs: Focus on a specific sector (e.g., tech ETFs, gold ETFs)."}]},{"type":"list-item","children":[{"text":"Crypto ETFs: Use digital assets such as Bitcoin and Ethereum as the underlying."}]}]},{"type":"paragraph","children":[{"text":"What we are discussing today — Premium Income ETFs — falls under innovative ETFs. They do not merely replicate price movements but aim to generate additional return for investors through a special income mechanism.\n"}]},{"type":"heading-two","children":[{"text":"What is a Premium Income ETF?"}]},{"type":"paragraph","children":[{"text":"Simply put, a Premium Income ETF is a fund vehicle that captures “premium” differentials to earn additional income. It’s not just “buying a basket of assets”; instead, on top of the ups and downs of the underlying asset, it allows investors to obtain an extra layer of “income enhancement.”"}]},{"type":"paragraph","children":[{"text":"Let’s break it down:"}]},{"type":"heading-three","children":[{"text":"1) The meaning of “premium”"}]},{"type":"paragraph","children":[{"text":"“Premium” is a common phenomenon in financial markets. When an ETF’s market price is higher than the actual net asset value (NAV) of its underlying holdings, a premium arises. Conversely, if the price is below NAV, that’s a discount."}]},{"type":"paragraph","children":[{"text":"In formula form:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"ETF price > actual asset value = premium"}]},{"type":"list-item","children":[{"text":"ETF price < actual asset value = discount"}]}]},{"type":"paragraph","children":[{"text":"This is not uncommon, especially when trading liquidity is insufficient, investor demand is overly concentrated, or certain market frictions cause supply–demand imbalances. For Bitcoin, for example, when retail investors chase spot ETFs aggressively, it’s quite possible for the ETF price to temporarily exceed the actual value of the Bitcoin it holds."}]},{"type":"heading-three","children":[{"text":"2) The logic of a Premium Income ETF"}]},{"type":"paragraph","children":[{"text":"A regular ETF is typically “passive tracking,” i.e., it replicates the performance of the underlying asset to give investors indirect exposure. A Premium Income ETF goes a step further: it proactively captures the premium spread, converting the extra pricing differential created by market supply–demand mismatches into actual income."}]},{"type":"paragraph","children":[{"text":"Common approaches include:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Selling options: The fund uses existing holdings to sell calls or puts and collect option premiums from the market;"}]},{"type":"list-item","children":[{"text":"Arbitrage trading: If a price gap exists between the ETF and the underlying, the fund locks in income through cross-market trades;"}]},{"type":"list-item","children":[{"text":"Structured income distribution: The fund converts the premium portion into additional cash flow and distributes it to shareholders."}]}]},{"type":"paragraph","children":[{"text":"In this way, investors don’t just follow the asset’s ups and downs; they can enjoy a dual-engine model of “underlying asset return + premium income.”"}]},{"type":"heading-three","children":[{"text":"3) A plain-English example"}]},{"type":"paragraph","children":[{"text":"Suppose you buy a basket of apples with a market value of 100 USD, but due to short supply and strong demand, your “Apple ETF” can sell for 105 USD. The 5 USD difference is the premium."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"If the fund manager returns this extra income to investors via distributions or product design, your actual return is higher than simply buying apples. In other words, a Premium Income ETF helps you monetize the market’s non-rational premium into cash flow in your pocket."}]},{"type":"heading-three","children":[{"text":"4) Why do we need Premium Income ETFs?"}]},{"type":"paragraph","children":[{"text":"Investors typically pursue Premium Income ETFs for three reasons:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Enhanced returns: In flat markets, a Premium Income ETF can deliver more return than a plain ETF;"}]},{"type":"list-item","children":[{"text":"Lower barriers: It’s hard for ordinary investors to operate in options or arbitrage markets, but a fund can bundle these strategies for you;"}]},{"type":"list-item","children":[{"text":"Flexible allocation: For small accounts, Premium Income ETFs are a convenient way to access “an extra layer of yield.”"}]}]},{"type":"paragraph","children":[{"text":"Of course, they are not perfect. Premiums don’t always exist — once the market becomes rational or liquidity is ample, the extra income can diminish or disappear; and the derivatives strategies used by Premium Income ETFs may at times increase volatility and risk."}]},{"type":"heading-two","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"The uniqueness of a Bitcoin Premium Income ETF"}]},{"type":"paragraph","children":[{"text":"Combining “Premium Income ETF” with Bitcoin creates a very interesting chemical reaction."}]},{"type":"heading-three","children":[{"text":"1. Why is Bitcoin suitable for a Premium Income ETF?"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Large supply–demand swings: As a scarce asset, Bitcoin is prone to premiums or discounts."}]},{"type":"list-item","children":[{"text":"Developed derivatives markets: With futures, options, and perpetuals available, fund managers can capture premiums via arbitrage."}]},{"type":"list-item","children":[{"text":"Uneven global trading: Pricing differs by country and exchange, providing room for arbitrage."}]}]},{"type":"heading-three","children":[{"text":"2. Sources of income"}]},{"type":"paragraph","children":[{"text":"A Bitcoin Premium Income ETF might obtain income by:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Selling call options → collecting option premium;"}]},{"type":"list-item","children":[{"text":"Capturing ETF trading premiums → market-making and arbitrage;"}]},{"type":"list-item","children":[{"text":"Exploiting futures–spot spreads → hedging to lock in returns."}]}]},{"type":"heading-three","children":[{"text":"3. Risk points"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Premiums aren’t persistent; once the market normalizes, the extra income may vanish."}]},{"type":"list-item","children":[{"text":"Using derivatives for arbitrage can introduce leverage-related risks."}]},{"type":"list-item","children":[{"text":"Complexity for retail: Structurally more complex than a plain spot ETF, with a steeper learning curve."}]}]},{"type":"heading-two","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"What does a Premium Income ETF mean for ordinary investors?"}]},{"type":"heading-three","children":[{"text":"1. Benefits"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Higher return potential: You don’t just track Bitcoin — you may also share in premium/arbitrage-driven income."}]},{"type":"list-item","children":[{"text":"Lower operational difficulty: No need to run complex arbitrage yourself — the fund does it for you."}]},{"type":"list-item","children":[{"text":"A new passive-income channel: It can attract those interested in Bitcoin who also want “extra yield.”"}]}]},{"type":"heading-three","children":[{"text":"2. Risks"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Uncertain income: If premiums are unstable, income will fluctuate."}]},{"type":"list-item","children":[{"text":"Product complexity: Investors may not fully understand its mechanics, creating a gap between expectations and reality."}]},{"type":"list-item","children":[{"text":"Market risk: At its core it’s still Bitcoin exposure — sharp price declines still mean losses."}]}]},{"type":"heading-two","children":[{"text":"The market impact of BlackRock’s move"}]},{"type":"heading-three","children":[{"text":"1. For traditional finance"}]},{"type":"paragraph","children":[{"text":"BlackRock’s move indicates:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Bitcoin-related financial products are becoming increasingly rich and varied;"}]},{"type":"list-item","children":[{"text":"ETF innovation is no longer satisfied with “buy spot,” and is expanding into yield-enhancement products;"}]},{"type":"list-item","children":[{"text":"Traditional institutions are actively exploring how to package crypto assets into more attractive investment tools."}]}]},{"type":"heading-three","children":[{"text":"2. For the crypto market"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Improved liquidity: A Premium Income ETF may attract more capital inflows and increase Bitcoin trading demand."}]},{"type":"list-item","children":[{"text":"Greater price stability: Fund arbitrage behavior could reduce price discrepancies across venues."}]},{"type":"list-item","children":[{"text":"More active derivatives: Options and futures markets may see greater institutional participation."}]}]},{"type":"heading-three","children":[{"text":"3. For investor psychology"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Retail will become more familiar with Bitcoin derivatives, moving beyond just “buy coin/sell coin.”"}]},{"type":"list-item","children":[{"text":"Long-term investors may seek dual returns — steady cash flow plus capital appreciation."}]},{"type":"list-item","children":[{"text":"But chasing risk can emerge — if expectations for extra yield get too high, bubbles may form."}]}]},{"type":"heading-two","children":[{"text":"Conclusion"}]},{"type":"paragraph","children":[{"text":"From the Bitcoin spot ETF to today’s Bitcoin Premium Income ETF, BlackRock is continuously pushing the boundaries of crypto financial products. The essence of a Premium Income ETF is to let investors share not only in Bitcoin’s price movements but also in the extra income generated by arbitrage."}]},{"type":"paragraph","children":[{"text":"Behind this lies a key trend: crypto assets are being “second-engineered” by traditional finance — becoming more investable and more mainstream. For ordinary investors, understanding these concepts matters more than blindly chasing hot themes. After all, being able to buy coins is one skill; choosing the right financial product is a different level altogether."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"JuExchange","children":[{"text":""}]},{"text":""},{"type":"topic","character":"BlackRock","children":[{"text":""}]},{"text":""},{"type":"topic","character":"Bitcoin","children":[{"text":""}]},{"text":""},{"type":"topic","character":"ETF","children":[{"text":""}]},{"text":" "}]}]
💥 Aster, Hyperliquid’s Rival, Becomes the Market’s Focus: DEX Wars Flare Up Again![{"type":"paragraph","children":[{"text":"The competition among decentralized exchanges (DEXs) has never been this fierce. In September 2025, a seemingly ordinary post lit up market sentiment: former Binance CEO Changpeng Zhao (CZ) shared a price chart that wasn’t Bitcoin or BNB. The chart’s subject was Aster, a newly launched token."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"With CZ’s brief “Nice work! Keep it up!,” Aster surged 400% in a short span and instantly became the market’s focal point. Traders realized this wasn’t merely a congratulatory note — it was a direct challenge to the rising DEX Hyperliquid."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Over the past two years, Hyperliquid has leveraged a home-grown Layer 1 chain and deep liquidity to grow from a fringe player into a “CEX killer,” grabbing as much as 70% market share. With Aster’s sudden rise, that balance may be about to shift."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"This is more than a platform face-off — it’s a new chapter in the DEX vs. CEX power struggle."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"Aster’s Arrival Wasn’t Accidental — it’s a Calculated Move"}]},{"type":"paragraph","children":[{"text":"According to public information, Aster is the result of a merger between two DeFi protocols: Astherus (a multi-asset liquidity hub) and APX Finance (a decentralized perpetuals venue). The combined platform spans BNB Chain, Ethereum, Solana, and Arbitrum, positioning itself as a multi-chain DEX."}]},{"type":"paragraph","children":[{"text":"Crucially, Aster enjoys long-term support from YZi Labs (formerly Binance Labs). As early as late 2024, Binance Capital invested in Aster’s predecessor and brought it into its incubation pipeline. As Hyperliquid’s share kept climbing, Aster was pushed to the front as a Binance-aligned counterweight to the “new DEX champion.”"}]},{"type":"paragraph","children":[{"text":"CZ’s public backing signals two things:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Binance won’t sit out the DEX race."}]},{"type":"list-item","children":[{"text":"Hyperliquid won’t reign unchallenged."}]}]},{"type":"paragraph","children":[{"text":"Behind it is an intensifying contest between a CEX giant and an ascendant DEX."}]},{"type":"heading-two","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"Aster’s Technical and Product Highlights"}]},{"type":"paragraph","children":[{"text":"Aster’s rapid rise isn’t just about CZ’s nod — the product and design choices carry real competitive weight."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"1. Unified Liquidity with Cross-Chain Support"}]},{"type":"paragraph","children":[{"text":"Traditional DEX pain point: fragmented liquidity and clunky, manual bridging. Aster aggregates cross-chain order book depth, letting users trade seamlessly across multiple networks without manual bridges."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"2. Dual-Mode Trading UI"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Simple Mode: one-tap trading with MEV protection, for lightweight users."}]},{"type":"list-item","children":[{"text":"Pro Mode: full order book + advanced charting, for professional traders.\nThis split lowers entry barriers while serving power users."}]}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"3. Hidden Orders"}]},{"type":"paragraph","children":[{"text":"Aster’s “hidden orders” resemble dark pools in TradFi, helping mitigate front-running and liquidation games — perennial issues in on-chain trading."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"4. Yielding Collateral"}]},{"type":"paragraph","children":[{"text":"Beyond USDT, users can post asBNB (liquid-staking BNB) or USDF (yielding stablecoin) as margin — so collateral earns yield while securing positions, boosting capital efficiency."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"5. Product Perimeter Expansion: Stock Perps"}]},{"type":"paragraph","children":[{"text":"Aster lists U.S. equity perpetuals, with some pairs offering leverage up to 1001x — pulling traditional assets into the on-chain arena."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Net-net, Aster is pursuing “liquidity unification + product innovation” rather than cloning Hyperliquid."}]},{"type":"heading-two","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"Hyperliquid vs. Aster: A Collision of Two Paths"}]},{"type":"paragraph","children":[{"text":"To grasp this contest, compare their core differences — and the industry logic beneath."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"1) Architecture: Closed High-Speed vs. Open Multi-Chain"}]},{"type":"paragraph","children":[{"text":"Hyperliquid chose a self-built Layer 1, independent of Ethereum and others — an end-to-end chain “built for trading.”\nPros:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Extreme performance; CEX-like matching speeds on-chain"}]},{"type":"list-item","children":[{"text":"Unified execution/settlement/data for a tight UX"}]},{"type":"list-item","children":[{"text":"Strong control, fewer external dependencies"}]}]},{"type":"paragraph","children":[{"text":"Cons:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"A relatively closed ecosystem; slower to attract outside innovation; limited extensibility"}]}]},{"type":"paragraph","children":[{"text":"Aster embraced multi-chain integration (Ethereum/BNB/Solana/Arbitrum).\nPros:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Natural openness; lower barriers for diverse users"}]},{"type":"list-item","children":[{"text":"Cross-chain liquidity scheduling"}]},{"type":"list-item","children":[{"text":"High compatibility with existing DeFi tools"}]}]},{"type":"paragraph","children":[{"text":"Cons:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Much higher technical complexity: bridge security, book synchronization latency, MEV defenses, etc."}]}]},{"type":"paragraph","children":[{"text":"In short: Hyperliquid ≈ Apple-style closed ecosystem; Aster ≈ Android-style open platform."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"2) Market Share: Fortifying vs. Catching Up"}]},{"type":"paragraph","children":[{"text":"Hyperliquid remains the dominant decentralized perps venue with ~70% share, >$15B in open interest, and roughly 200k DAUs — clear network effects."}]},{"type":"paragraph","children":[{"text":"Aster is newer. In just six months it notched $514B in cumulative volume and peaked near $2B TVL (recently easing to $655M). For a cold-start phase, that’s meaningful traction."}]},{"type":"paragraph","children":[{"text":"So:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Hyperliquid: in moat-building mode — locking in with stable users and revenue"}]},{"type":"list-item","children":[{"text":"Aster: in hyper-growth mode — leaning on capital + narrative; moat still forming"}]}]},{"type":"paragraph","children":[{"text":"One is defending the city, the other storming the gates."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"3) Leverage & Product Perimeter: Divergent Risk Appetites"}]},{"type":"paragraph","children":[{"text":"Hyperliquid caps leverage at 40x — seemingly conservative, but it reduces cascade liquidations in tail events and stabilizes system health. Its brand is the “safe choice for professionals.”"}]},{"type":"paragraph","children":[{"text":"Aster takes the opposite tack: equity perps up to 1001x — a lightning rod in crypto. Fans say it meets extreme-risk demand and pulls in high-octane capital; critics call it “casino logic.”"}]},{"type":"paragraph","children":[{"text":"Practically, this reflects target segments:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Hyperliquid: institutions and systematic/quant players seeking durability"}]},{"type":"list-item","children":[{"text":"Aster: retail, short-term punters, and high-volatility seekers"}]}]},{"type":"paragraph","children":[{"text":"That user mix affects long-term ecosystem stability."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"4) Token Design: Deflation Logic vs. Community-First"}]},{"type":"paragraph","children":[{"text":"Hyperliquid’s HYPE skews “equity-like.” With $1B+ annual fee revenue, the team buys back/burns, creating a dividend-ish + deflation profile — attractive to institutions and value-oriented holders."}]},{"type":"paragraph","children":[{"text":"Aster’s ASTER leans “community experiment.” Of the 8B supply, 53.5% goes to the community via incentives, governance, and liquidity programs. Less focus on pure deflation; more on broad distribution to amplify network effects."}]},{"type":"paragraph","children":[{"text":"Trade-offs:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"HYPE: stable, cash-flow backed, but thinner decentralization narrative"}]},{"type":"list-item","children":[{"text":"ASTER: high community engagement, but more speculative price volatility"}]}]},{"type":"paragraph","children":[{"text":"Hence, Hyperliquid tends to attract big, steady money, while Aster stays hot with retail communities."}]},{"type":"paragraph","children":[{"text":"Bottom line:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Hyperliquid: Own chain + high performance + steady model → institutional/pro path"}]},{"type":"list-item","children":[{"text":"Aster: Multi-chain + high leverage + community flywheel → narrative/user-count blitz"}]}]},{"type":"paragraph","children":[{"text":"This duel mirrors DeFi’s broader fork in the road: closed & fast vs. open & multi-chain, steady growth vs. high-risk expansion. The eventual winner might hinge less on short-term share and more on who adapts to regulation and evolving demand."}]},{"type":"heading-two","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"Conclusion: Keep a Cool Head in the “DEX War”"}]},{"type":"paragraph","children":[{"text":"Aster’s emergence has undeniably energized the DEX track. It embodies both a CEX giant’s counterpunch and a new DeFi narrative. Yet for both Hyperliquid and Aster, long-term value will still be determined by real user demand and sustainable business models."}]},{"type":"paragraph","children":[{"text":"For investors, avoid being swayed by sudden pumps or slick marketing. Return to fundamentals:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Does the platform sustain meaningful, sticky volume?"}]},{"type":"list-item","children":[{"text":"Is the model durable across cycles and stress events?"}]},{"type":"list-item","children":[{"text":"Can the token truly capture and compound ecosystem growth?"}]}]},{"type":"paragraph","children":[{"text":"The DEX war has begun. The outcome is far from decided."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"Aster","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Hyperliquid","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Dex","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Cryptocurrency","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"JuExchange","children":[{"text":""}]},{"text":" "},{"type":"link","url":"https://medium.com/tag/aster?source=post_page-----8e3b212bbeca---------------------------------------","children":[{"text":""}]},{"text":""},{"type":"link","url":"https://medium.com/tag/cryptocurrency?source=post_page-----8e3b212bbeca---------------------------------------","children":[{"text":""}]},{"text":""}]}]