Odaily星球日报讯 德商银行研究部的 Michael Pfister 表示，美元短期内可能上涨，但涨幅可能有限。美元近期的疲软态势目前可能有些过度，从而允许小幅反弹。不过，美联储降息的前景应该会抑制美元的任何反弹。此外，特朗普呼吁降息、抨击联储独立性的行为也会抑制复苏。德商银行预计美联储将在 9 月降息。因此，他认为美元目前的复苏阶段不太可能持续太久。（金十）

Odaily星球日报讯 德商银行研究部的 Michael Pfister 表示，美元短期内可能上涨，但涨幅可能有限。美元近期的疲软态势目前可能有些过度，从而允许小幅反弹。不过，美联储降息的前景应该会抑制美元的任何反弹。此外，特朗普呼吁降息、抨击联储独立性的行为也会抑制复苏。德商银行预计美联储将在 9 月降息。因此，他认为美元目前的复苏阶段不太可能持续太久。（金十）

德商银行：降息预期叠加特朗普施压，美元反弹可能有限

<Odaily> Planet Daily News: Deutsche Bank Research Department's Michael Pfister suggests that the US dollar may rise in the short term, but the increase could be limited. The recent weakness of the US dollar might be somewhat excessive, allowing for a slight rebound. However, the prospect of Federal Reserve rate cuts is likely to suppress any dollar rally. Additionally, Trump's calls for rate cuts and criticism of the Fed's independence will further hinder recovery. Deutsche Bank anticipates the Federal Reserve will cut rates in September. Therefore, he believes the current recovery phase of the US dollar is unlikely to last long. (Jinshi)

Commerzbank: With the expectation of rate cuts and pressure from Trump, the dollar rebound may be limited

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

SWIFT, a global payments giant, has made progress on integrating a blockchain-based ledger into its payment network. According to the announcement, it has collaborated with global banks to design feat...