Pine Tree Acquisition Corp. Class A Ordinary Shares（PAXG）の株式分析PAXGPine Tree Acquisition Corp. Class A Ordinary Shares

I don't want to get any more "price drops below xxxx" push notifications. It's really stressful. I've decided to turn off all push notifications and get a good night's sleep. Gold is still holding up better. It's back to my cost basis.

I've been feeling lately that there's still a lot worth exploring in the RWA space. When people used to mention RWA, the first thing that came to mind was probably tokenizing real-world assets, but I think just moving assets on-chain isn't enough—how they're used afterward is the key. I recently came across @strato_net, which combines assets like gold and silver with DeFi. For example, GOLDST and SILVST are backed by physical gold and silver respectively, and users can do more than just hold these assets—they can also participate in lending, vaults, and other applications. The project has disclosed that TVL has exceeded $40 million, gold-backed loans issued are close to $5 million, and a points program is already live. Points will be converted into tokens at TGE, though the specific conversion ratio and rules will need to wait for future announcements. Of course, these figures are only for reference—whether they can sustain growth and whether the product has real demand still needs time to verify. Those interested in RWA can look into this project first. Official website: #STRATO #RWA #DeFi #Web3

Trump lost both chambers—why did the market rise instead? Trump suffered a major midterm defeat, with Republicans losing both the House and the Senate. Conventionally, markets should have turned turbulent, yet US stocks and gold surged, and Bitcoin climbed to $80,000. The surface reason is that uncertainty was resolved and the market breathed a sigh of relief. But the deeper logic is war and oil prices. After the election, Vice President JD Vance posted a statement putting war first: war pushed up oil prices, which in turn pushed up prices overall. Trump largely agreed. Voters oppose both war and high prices. Once the results came out, the market expected the war to cool, so oil prices fell. The chain is clear: falling oil prices → reduced inflation pressure → weaker case for rate hikes → lower rate expectations → support for risk assets (stocks and crypto). For crypto, regulatory tailwinds are hard to count on in the short term. The earlier friendly bill failed to get enough votes in September, and with Democrats controlling Congress, the probability of passage in the next two years is even lower. But crypto has never risen on legislation—it rises on liquidity. Cheap oil prices are the first step toward recovering liquidity. Whether this rally can last depends on whether the war truly cools. Historically, there are many examples of presidents recovering after midterm losses (Clinton, Obama, Reagan), and the common thread is that they later corrected policies that hurt voters' wallets. Vance's statement is, to some extent, a signal of that kind of correction. The pressure to end the war now comes from the top. Next, watch the war and oil prices. If both loosen, crypto benefits. There is also opposing pressure: Trump's tariffs are still pushing up costs, and it takes time for lower oil prices to reduce inflation. The direction may be up, but the path won't be smooth. The underlying logic hasn't changed: the market ultimately looks at the price of money. Milton Friedman said inflation is always and everywhere a monetary phenomenon. What cost Trump support this time is also what is lifting the market today—it's actually the same thing: money.

I watched gold surge while holding my gold delivery receipt. I know I got shaken out right before dawn — the market maker completely washed me out of my position.

Gold is really disgusting, whipsawing back and forth.