Man flaunts $25 million ‘cash gift’ from grandma

A young man in China was detained after he flaunted an impressive cash gift of 180 million yuan (US$25 million) from his grandmother for his birthday, only to later be discovered to have fabricated the entire story.

On October 5, the man was exposed for showcasing luxury cars, jewellery, and antiques on his Douyin account @dongdonganan. He also commented on another user’s post, claiming that his grandmother had given him 180 million yuan for his 20th birthday.

Faced with scepticism from others, he posted a screenshot of his bank account, which allegedly showed savings of 2.4 billion yuan (US$335 million).

Additionally, he shared a letter of appointment for a senior family member supposedly issued by China’s State Council and an old group photo of officials from the People’s Liberation Army, implying that a relative held a prestigious position.

On October 31, internet police in southwestern China’s Guizhou province revealed that the man, surnamed Tian, had fabricated his wealth and manipulated photos to gain followers and profit from online gambling. Authorities stated that he had been detained for disturbing public order and cyberspace regulations while engaging in online gambling activities.

Despite Tian’s deception, comments on his posts reflected a wider societal frustration regarding wealth inequality in China.

The country’s Gini coefficient, a measure of economic disparity, has remained between 0.46 and 0.49 over the past two decades. A Gini coefficient above 0.4 indicates a significant income gap and heightened social tensions.

One online observer lamented: “Rich people’s pocket money is the wealth I can never achieve in my lifetime.”

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XRP/USDT Poised for Potential Breakout with Key Levels in Focus

1D
- Current price: $0.6266, daily increase of 6.95%.
- Trend: XRP shows a bullish trend, supported by the 7-day moving average (MA) crossing above the 25-day MA, indicating short-term upward momentum.
- RSI: 92.01, showing extremely overbought conditions, which might lead to a temporary consolidation or pullback.
- MACD: The MACD line is above the signal line in positive territory, confirming bullish momentum.
- Support: Immediate support lies at $0.4968. A drop below this could find additional support around $0.3823.
- Resistance: The next significant resistance level is around $0.7440, with a stronger barrier at $0.7621.
- Outlook: if bullish pressure continues, a retest of $0.7440 is possible.

3D
- Trend: The 3-day chart exhibits a bullish stance, with 7-period MA trending above the 25-period MA.
- RSI: 78.75, nearing overbought but still showing room for upside.
- MACD: Positive, with a widening gap between the MACD and signal lines, supporting the bullish case.
- Support: Key support sits at $0.4933, with further support down at $0.2872 in the event of a larger pullback.
- Resistance: Resistance stands at $0.7319. Breaking this level could lead to an upward move toward the next resistance at $0.9380.

1W
- Trend: The weekly chart shows a long-term consolidation with mild bullish signals as the 7-week MA approaches the 25-week MA.
- RSI: 65.66, indicating balanced momentum with room for growth.
- MACD: A slight bullish crossover is observed, signaling potential further gains.
- Support: Strong support on weekly timeframe is at $0.4933, with additional support at $0.2872.
- Resistance: Resistance is at $0.7319, with a longer-term target of $0.9380 if the price sustains momentum.
- Outlook: A break above $0.7319 could lead XRP towards the $0.9380 level.

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Say goodbye to these dollar bills this November – They will no longer be accepted at any store starting today

According to the Federal Reserve there are several reasons why a bill might get damaged or “mutilated”, the most common being because of “fire, misuse, or even deterioration from burying money.”

In an effort to eliminate these bills from circulation, the Fed has instructed banks and retailers to stop accepting them, especially the more damaged ones, starting with the one dollar bill, as it is the most commonly used one and the one that gets deteriorated the most and the quickest.

Banks will have to make an extra effort, they will have to reprogram their ATMs to stop accepting any mutilated bills and instead redirect customers inside so that a teller can inform them on how to proceed. Some authorized locations will be able to just exchange the damaged bill for a newer one of the same value, but if the piece is too far gone, it will have to be sent to the Bureau of Engraving and Printing (BEP) directly to make a claim and get it replaced.

There are currently seven denominations of bills: $1, $2, $5, $10, $20, $50, and $100. While the $500, $1,000, and $10,000 bills are not being printed anymore, they are still in circulation as they are only taken out once they are mutilated. This means that there are a lot of old bills being used with outdated security measures, which make them the perfect target for counterfeiters and other criminals.

In fact, there is already a plan in place to start the substitution. The Federal Reserve will introduce new designs for the $5 bill between 2032 and 2035, the $20 bill in 2030, the $50 bill in 2028 and $100 bill between 2034 and 2038. The new measures will ensure that counterfeiting the currency is harder and will protect the U.S economy for years to come.

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With Trump’s victory, Malaysia sees more interest from Chinese firms for business space

During his first term, Trump’s “America First” policy sparked a trade conflict with China, with tariffs imposed on US$550 billion of Chinese products. The tensions between Washington and Beijing also led to disruptions in global supply chains and fuelled uncertainty in financial markets.

In Thailand, WHA Group CEO Jareeporn Jarukornsakul told Reuters that the industrial estate giant has been flooded with phone calls from Chinese customers in anticipation of the tariff spike, prompting it to expand its Chinese-speaking sales force.

Similarly, Malaysian real estate sellers have been reporting an uptick in interest in business relocation as Trump’s return to the White House may bring a surge in Chinese companies looking to move supply chains to Southeast Asia to shield their business from the tariff impact.

A recent Juwai IQI report found that Malaysia and neighbouring countries have received significant investment so far this year in sectors such as automotive, real estate, and semiconductors, as Chinese capital shifts away from G7 economies to Asia.

In May, Hong Leong Investment Bank’s research division noted that while trade wars often harmed the global economy, Malaysia’s neutral stance has helped attract foreign direct investment.

The bank’s report highlighted that during Trump’s first term, Malaysia’s exports to the US grew at an average of 7.7 per cent annually – a faster growth rate compared with its shipments to China.

Approved foreign investments in Malaysia more than tripled to 188 billion ringgit (US$42.5 billion) between the start of the trade war in 2018 and 2023, according to the report.

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NY lost 9 billionaires this year — here’s how their absence is bad news for every New Yorker

The Big Apple’s billionaires are hemorrhaging cash.

Nine New York-based billionaires fell off this year’s Forbes 400 list of wealthiest Americans — and 18 have dropped off in the past five years.

Of those who didn’t make it back onto this year’s list, one died – investor Jim Simons – and the rest saw declining fortunes. 

Fortress Investment Group Chairman Wesley Edens saw his net worth plummet to $2.7 billion this year from $3.9 billion in 2023, knocking him out of the top 400.

Similarly, cosmetics mogul Estée Lauder’s granddaughter, Jane Lauder, is now worth $1.6 billion, less than half her $3.4 billion last year.

Gotham remains home to the most billionaires of any American city, with 41, worth a collective $517.5 billion, according to this year’s Forbes roundup. 

Los Angeles and San Francisco are second with 15 billionaires each. Austin, Texas, is second to the Big Apple when measuring billionaires’ net worth, at $382.2 billion.

The state on the top 1% of earners, who are taxed at an eye-popping 14.8%, for almost half of its tax receipts.

Over the past five years, billionaires including investor and Washington Commanders owner Josh Harris, hedge funder Daniel Och and investor Carl Icahn relocated from the Big Apple to Florida. 

Catsimatidis, who is worth $4.5 billion, cited sky-high taxes and quality of life issues as reasons his fellow magnates are fleeing New York. 

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"When my ex, Amber Heard and I broke up, I brought her a receipt of everything I ever did for her and she paid it back in full. I'm very stîngy with ladies." - Elon Musk

"Amber Heard loved spending money carelessly when she was dating me as long as it was my money. She even gave out money to charity so she could have a good name. But one thing she didn't know is that I'm a businessman and even my emotions don't mingle with my business. I documented everything I spent on her. I mean every single dime.

I didn't buy Twitter for political or business reasons but I bought it for Amber Heard. I wanted to give it to her as a Valentine's Day gift but she broke up with me before Valentine's Day when she found a new boyfriend on Twitter.

After she broke up with me, I banned her from Twitter and named it X. Then I gave her boyfriend a Job in my company Tesla and her boyfriend broke up with her for breaking up with his boss because of him.

Then I presented her with the receipt of every penny I ever gave her during our relationship and she paid everything in full because before our relationship, I had her sign a document that she would pay back my money if we didn't end up together. I'm very stingy with ladies and I guess that's why I'm still single." ~ Elon Musk

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Bank of America Bracing for $800,000,000 Loss As Investigators Probe BofA, JPMorgan Chase and Wells Fargo’s Alleged Refusal To Reimburse Customers

The second-largest US bank by total assets says it’s preparing for significant losses due to ongoing regulatory issues.

In a new filing with the U.S. Securities and Exchange Commission (SEC), Bank of America says it faces a “reasonably possible and estimable” loss of up to $800 million due to investigations from the Consumer Financial Protection Bureau (CFPB) and other federal regulators.

The CFPB staff has initiated discussions with the Corporation to pursue a resolution of the inquiry or file an enforcement action. The Corporation is evaluating next steps, including litigation.”

Bank of America also says it’s engaging with several unnamed federal regulators over its anti-money laundering and sanctions compliance programs and a resolution of the discussions could result in “one or more public orders by the regulators.”

Investigators are reportedly probing BofA, along with JPMorgan Chase and Wells Fargo to determine whether the banks are properly reimbursing victims of fraud on the Zelle payments network and whether the banks are effectively eliminating scammer’s accounts.

Zelle has also attracted the attention of US lawmakers.

The Senate Permanent Subcommittee on Investigations said in July that Bank of America, Wells Fargo and JPMorgan Chase had collectively declined to reimburse $880 million in disputed transactions on Zelle between 2021 and 2023.

The subcommittee found that the three trillion-dollar banks only reimbursed victims 38% of the time for reported Zelle scams in 2023. In 2019, the three reportedly reimbursed victims of Zelle scams 62% of the time.

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China's yuan loans grow by 16.52 trillion yuan in 1st 10 months

China's yuan-denominated loans rose by 16.52 trillion yuan (about US$2.3 trillion) in the first 10 months of the year, central bank data showed on Monday.

China has adopted a series of pro-growth policies, which have not only stabilized social expectations, but also boosted market confidence, accelerated capital flow, and improved market activity, experts said.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 7.5 percent year on year to 309.71 trillion yuan at the end of October 2024, according to the People's Bank of China.

The M2 growth rate continued to pick up, demonstrating the country's greater efforts in maintaining stable economic growth, analysts said.

The M1, which covers cash in circulation plus demand deposits, stood at 63.34 trillion yuan at the end of October, down 6.1 percent year on year.

The M0, which indicates the amount of cash in circulation, rose by 12.8 percent from the previous year to a total of 12.24 trillion yuan at the end of last month, the data revealed.

Outstanding yuan loans reached 254.1 trillion yuan at the end of October, an increase of 8 percent year on year.

Data also showed that outstanding social financing stood at 403.45 trillion yuan at the end of October, up 7.8 percent year on year.

Despite a high base last year, social financing managed to maintain high growth -- reflecting the greater role of finance in supporting the real economy.

Experts believe there is still a solid foundation for steady financial growth, considering that some incremental policies are still being implemented.

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AI predicts Cardano price for 2025 amid Hoskinson-Trump rumors

Cardano (ADA) has marked an impressive recovery this November, reclaiming much of its lost value following a tough year. After a difficult 2024 that saw ADA decline by over 40% through October, recent developments and market conditions have catalyzed a resurgence. 

Adding to the momentum are key rumors surrounding Cardano founder Charles Hoskinson and his possible role in a new U.S. administration, which have further spurred interest in the cryptocurrency.

Currently trading near $0.6214, Cardano’s outlook appears optimistic. In fact, AI-driven projections suggest potential gains of over 100% by March 2025. 

The Trump-Hoskinson rumor: Could it drive Cardano’s price higher?

Recently, rumors have swirled about Hoskinson’s potential involvement with a new Trump administration, fueling speculation around Cardano’s future in the crypto policy landscape.

During a recent YouTube livestream, Hoskinson revealed that Input Output Global (IOG) is preparing to launch a dedicated policy division by January 2025.

Another crucial factor behind Cardano’s resurgence is Bitcoin’s recent record-breaking performance, which has created a favorable environment for altcoins like Cardano. 

According to data from Santiment, Cardano’s rise is due to a combination of increased network activity and notable whale transactions. 

AI forecasts Cardano’s potential surge: Could ADA hit $1?

Given the combination of favorable market conditions, strategic positioning, and growing institutional interest, Finbold consulted ChatGPT-4o to assess Cardano’s potential for growth.

According to AI models, Cardano could potentially double its value to $1 by March 2025 if whale activity remains strong and positive regulatory developments continue to bolster its upward trend.

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Savvy crypto trader turns $318k into over $3 million in an hour

A savvy cryptocurrency investor has recorded a ten-fold return on an investment of approximately $318,000 through precise market monitoring.

The transaction involved Solana (SOL) and the artificial intelligence-themed Act I: The AI Prophecy (ACT) in a trade conducted on Raydium, a decentralized exchange (DEX) built on the Solana blockchain.

Details of the trade indicate that the investor invested 1,558 SOL ($318,000) to acquire 10.9 million ACT tokens, according to the latest data retrieved by Finbold from on-chain crypto analysis platform Lookonchain on November 11.

Drivers of ACT popularity 

ACT is one of the meme coins that has gained popularity since its launch on the Solana blockchain, fueled by growing community enthusiasm and the general bullish market sentiment.

The token’s spike was ignited after Binance announced its listing on November 11 under the ACT/USDT pair, with withdrawals set for November 12. The announcement also included another popular meme coin, Peanut the Squirrel (PNUT).

Notably, ACT is part of the latest wave of meme coins listed by Binance in 2024. Despite an initially low market cap, it earned a place on the exchange as it appears to be listing these coins based on community enthusiasm.

This approach has raised concerns that Binance might be evolving into a ‘pump and dump’ platform, with accusations of intentionally harming retail investors and creating an unhealthy meme coin environment.

ACT price analysis 

ACT was valued at $0.333 as of press time, marking a staggering 1,400% increase in the past 24 hours. 

The short-term buying pressure has resulted in the meme coin recording a market cap of $315 million, peaking at almost $350 million at one point, with over 21,000 holders

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Render Token (RNDR/USDT) Analysis on Daily and 3-Day Timeframes

Daily Chart (1D)
- Current price: $6.023, showing a 10.57% increase.
- Trend: Bullish, as the 7-day moving average (MA) is above the 25-day MA, signaling positive momentum.
- RSI: 82.79, indicating overbought conditions, which could lead to a short-term pullback or consolidation.
- MACD: In positive territory, with the MACD line slightly above the signal line, supporting the bullish trend.
- Support: $4.556, with additional support around $3.410 in case of a deeper pullback.
- Resistance: $7.030, which, if broken, could lead to further gains.
- Outlook: Due to the high RSI, some correction or sideways movement is possible. However, if the bullish momentum holds, RNDR could aim to test the $7.030 resistance level.

3-Day Chart (3D)
- Trend: Improving, with the 7-period MA nearing the 25-period MA, suggesting a shift towards a medium-term bullish trend.
- RSI: 66.16, indicating moderate bullish momentum without being overbought, allowing room for further gains.
- MACD: Beginning to show a positive trend, with potential for a bullish crossover to reinforce upward momentum.
- Support: $4.556, with additional support at $3.410 if a significant correction occurs.
- Resistance: $7.030, with a breakout above this level possibly leading to new highs.
- Outlook: The 3-day chart shows a more balanced trend, with RSI still below the overbought zone. If the price sustains above $6.023, there is potential to retest and possibly break through the $7.030 resistance.

RENDER displays bullish momentum on both the daily and 3-day charts. While a short-term pullback could happen due to the high RSI on the daily chart, the overall trend is positive if key support levels hold. A continued move above $6.023 may lead to testing the $7.030 resistance.

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SHIB/USDT Analysis and Price Forecast on Daily, 3-Day, and Weekly Timeframes

Daily Chart (1D)
- Price: $0.00002512, showing an 11.59% increase.
- Trend: Bullish, as the 7-day moving average (MA) has crossed above the 25-day MA.
- RSI: At 81, indicating overbought conditions and potential for a pullback.
- MACD: Positive, with the MACD line above the signal line, supporting strong bullish momentum.
- Support: $0.00001669
- Resistance: $0.00003039
- Prediction: Likely to test $0.00003039. However, overbought RSI could lead to consolidation or pullback before any further move upward

3-Day Chart (3D)
- Trend: Bullish sentiment remains, with the 7-period MA above the 25-period MA.
- RSI: At 74, nearing overbought territory, which may limit immediate upside potential.
- MACD: Bullish crossover, with histogram bars growing, indicating strengthening medium-term momentum.
- Support: $0.00001898
- Resistance: $0.00003330, with a breakout possibly leading toward $0.00004567.
- Prediction: Likely to test $0.00003330 in the near term. Continued bullish momentum may push it toward $0.00004567 if resistance is broken.

Weekly Chart (1W)
- Trend: Initial bullish signs, with the 7-week MA beginning to rise.
- RSI: At 73, suggesting bullish momentum, but close to overbought, which may slow further gains.
- MACD: Gradual upward shift, though momentum is still building.
- Support: Key support at $0.00001898
- Resistance: $0.00003330, with a medium-term target around $0.00004567 if positive momentum sustains.
- Prediction: The weekly chart suggests a gradual move toward $0.00004567 if support at $0.00001898 holds.

SHIB shows strong bullish momentum across all timeframes. Short-term consolidation may occur due to high RSI levels, but support levels provide a base for upside if momentum continues.

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AVAX/USDT Precise Analysis and Price Forecast Across Daily, 3-Day, and Weekly Charts

Daily Chart (1D)
- Current Price: $31.36
- Moving Averages: The 7-day moving average has crossed above the 25-day moving average, indicating short-term bullish momentum.
- RSI: At 83, which signals overbought conditions. A pullback or sideways movement may occur to relieve buying pressure.
- MACD: The MACD line is above the signal line, with positive histogram bars showing strong bullish momentum.
- Support: $29.21
- Resistance: $33.29
- Prediction: Likely to test $33.29. If broken, there is potential to rise toward $35, though a pullback could happen due to the high RSI.

3-Day Chart (3D)
- Moving Averages: The 7-period moving average is above the 25-period moving average, signaling medium-term bullish sentiment.
- RSI: At 76, nearing overbought levels, which may suggest some consolidation in the medium term.
- MACD: Positioned above the signal line, with positive histogram bars indicating ongoing bullish momentum.
- Support: $29.21
- Resistance: $33.29, with potential to reach $40 if it breaks through.
- Prediction: Likely to challenge $33.29, and a breakout could push it toward $40.

Weekly Chart (1W)
- Moving Averages: The 7-week moving average is starting to trend upward, while the 25-week moving average is flattening, indicating a possible trend reversal.
- RSI: At 62, showing bullish sentiment with room for further upside.
- MACD: Slightly above the signal line, with emerging positive histogram bars, suggesting the beginning of a bullish trend.
- Support: Primary support at $17.29, interim support at $29.21.
- Resistance: $33.29, with the next target at $52.43 if momentum continues.
- Prediction: Potential move toward $52.43 in the longer term, if market sentiment remains positive.

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Silver Will Take Out $50 'in a Flash' as Debt Panic Sets in: Michael Oliver

Renowned commodities expert Michael Oliver predicts a meteoric rise in silver prices, potentially reaching $50 an ounce.

In a recent interview, Oliver, the founder of Momentum Structural Analysis, outlined a scenario with Commodity Culture where a combination of factors could send silver prices soaring. At the heart of this prediction lies the looming threat of a debt crisis, which could trigger a flight to safety towards precious metals like silver and gold.

The Role of the T-Bond Market

Oliver believes the T-bond market could play a crucial role in this scenario. He sees a potential for a short-term rally in T-bonds as investors seek safety during a stock market downturn. However, he warns that this is a temporary reprieve, as the underlying debt crisis will continue to exert pressure on the market.

Oliver also sees opportunities in the broader commodity market, particularly in agricultural commodities like fertilizers. He believes the Bloomberg Commodity Index (BCI) is poised for a major upswing, driven by factors such as rising demand and geopolitical tensions.

While silver may not be the primary focus of the interview, Oliver's overall analysis of the global economic landscape paints a bullish picture for the precious metal. As investors seek safe havens and inflation hedges, silver could emerge as a significant beneficiary of the coming market turmoil.

As the global economy navigates these uncertain times, it's clear that silver is a metal worth watching. With the potential for a dramatic price surge, investors may want to consider adding silver to their portfolios.

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TAO/USDT Price Action Analysis with Support and Resistance Levels

1. Current Market Overview
- Price: $531.7 - $531.8 (+5.92% over 24 hours)
- Strong trading volume suggests active interest and potential for continued movement.

2. Timeframe Analysis
- Daily (1D): Sharp rise to $1249 followed by a correction to $163.7, with current consolidation around $531.
- 3-Day (3D): Shows consolidation post-correction, suggesting potential for stability.
- Weekly (1W): Stable after high volatility, indicating a balanced market in the medium term.

3. Technical Indicators
- Moving Averages (MA): Short-term MAs trending up, hinting at a possible bullish shift if they cross above long-term MAs.
- RSI: Moderate at 55-64, signaling mild bullish sentiment without overbought conditions.
- MACD: Positive, with MACD above the signal line, reinforcing bullish potential.

4. Support and Resistance Levels
- Support: Key support at $499, with stronger support at $163.7 (from the correction low).
- Resistance: Immediate resistance at $575.6. A breakout above could lead to $600, with major resistance at $905.3.

5. Price Prediction
- Short-Term: Likely to test $575.6. A successful breakout may push it toward $600.
- Medium-Term: Holding above $499 could see a move toward $905.3. A break below $499 may lead to $450.
- Long-Term: Sustained bullish trend could eventually target $1249 if strong support continues.

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2025 would see a US dollar crisis that would crash the economy and send consumer prices and long-term interest rates soaring, says Peter Schiff

Peter Schiff is already predicting a doomsday scenario for 2025, as he is of the opinion that the coming year will see the US dollar tumbling down the hill, leading the US economy into a crash. If that is not enough, the veteran market analyst is also of the opinion that long-term interest prices would also see a sharp rise, that would ultimately lead to a major pressure falling on the Americans' pockets.

Will the US dollar sink in 2025?

Schiff, the chief economist and global strategist at Euro Pacific Asset Management, is of the opinion that an upcoming shift in the US Federal Reserve's strategy may in fact lead to an escalation in inflation levels than what it currently is, which could send the US economy into a whirlwind. Along these same lines, he is also concerned about the future of the US dollar and the overall national economy if the main currency of the West takes a sudden dive.

What could a US dollar crisis mean for the global markets

Schiff claimed that the Dollar Index closed at 100.67, and could easily sink below the 90-mark before year-end, which even puts the lows of 2020 to shame. This means that 2025 may not be a great year for the US dollar in the overall aspect, if things went on course as of the current scenario. A weaker dollar generally makes U.S. exports cheaper and more competitive in terms of the global markets, but it also carries along a major con that it makes imports more expensive, leading to consumer prices taking a hit for some selective sectors dependent on foreign imports.

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SOL/USDT Analysis: Strong Upward Momentum with Critical Resistance at $215.27

Daily Chart (1D):
- Current price: $203.77
- RSI: 83.22, indicating overbought conditions, which may lead to a pullback or consolidation.
- MACD: Positive divergence, suggesting ongoing bullish momentum, but overextended.
- Support: $178.29, a level tested multiple times and holding well.
- Resistance: $215.27, the immediate resistance level, which has capped the recent uptrend.
- Volume: Rising, suggesting strong buying interest, though a volume spike near resistance could hint at profit-taking.

3-Day Chart (3D):
- RSI: 82.14, still overbought, confirming that caution is needed for further price gains.
- MACD: Bullish crossover, supporting the continuation of the uptrend but signaling an overextended move.
- Support: $149.63, a stronger medium-term support in case of a retracement.
- Resistance: $215.27, with the next major resistance at $225.64.

Weekly Chart (1W):
- RSI: 73.57, still bullish but nearing overbought levels.
- MACD: Bullish momentum is building, and there’s room for further upside, although it is slowing slightly.
- Support: $149.63, with key support near $83.01 in case of a deeper correction.
- Resistance: $215.27, with $259.90 as the next critical resistance above.

Price Prediction:
- Short-term (1D): SOL/USDT is likely to test $215.27 resistance. If rejected, a pullback to $178.29 is possible due to overbought conditions. If it breaks $215.27, expect the price to aim for $225.64.
- Mid-term (3D): Consolidation between $178.29 and $215.27 is likely, with a potential breakout to $225.64 if volume remains high.

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FTM/USDT Technical Analysis and Short-Term Outlook

Daily Chart Analysis(1D):
- Current Price: $0.7716
- RSI: 73.73, indicating FTM is nearing overbought levels, suggesting potential for a short-term pullback.
- MACD: A slight positive divergence, showing bullish momentum, but the low amplitude suggests the move lacks strong conviction.
- Support and Resistance: Immediate support at $0.5651 and resistance at $0.9213.
- Volume: Slight increase, but still below previous highs, suggesting limited buying pressure for a strong breakout.

3-Day Chart(3D):
- RSI: 62.43, indicating moderate bullish momentum with room to push higher.
- MACD: Shows a stronger bullish divergence compared to the daily chart, hinting at a potential upward continuation.
- Volume: Recent volume is subdued compared to the previous surge, showing that momentum is tapering off.

Weekly Chart(1W):
- RSI: 65.04, indicating neutral territory, but leaning bullish. This gives FTM room to grow if supported by volume.
- MACD: Positive but flattening out, suggesting bullish momentum is weakening but not yet exhausted.
- Volume: Declining compared to the peak in early 2023, indicating that a breakout may require higher participation from buyers.

Prediction:
- Short-Term (1D): FTM could see a minor pullback due to overbought conditions, with support around $0.56. A breakout above $0.92 could be possible if volume picks up, pushing the price towards the $1.10 region.
- Mid-Term (1W): Price may consolidate between $0.70 and $0.90, with potential for a breakout depending on market sentiment and volume. If the RSI remains near 65, a push towards $1.10 could materialize.

FTM/USDT is currently in a bullish phase, but overbought conditions may lead to a short-term correction or consolidation before any significant breakout. Key resistance lies at $0.92 and $1.10 with support around $0.56.

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Chinese PhD's €88,000 dowry request makes Dutch boyfriend flee

A Chinese PhD student studying in the Netherlands found herself in a surprising situation after requesting a significant dowry from her Dutch boyfriend, leading him to call the police and flee.

The woman, born in 1991 and pursuing her doctoral studies abroad through a government scholarship, had previously married a man in China with a dowry of 660,000 yuan (approximately €88,000) before moving overseas. However, the marriage ended in divorce after four years. Seeking to settle in the Netherlands, she began dating a local man, hoping to start a family and secure residency through marriage.

The couple cohabitated, and upon discovering her pregnancy, she decided to uphold her cultural traditions by requesting a dowry before marriage. However, her request was for €88,000 (around 680,000 yuan), a sum that shocked her Dutch boyfriend.

The sizable financial demand prompted her boyfriend to flee, leaving her and the unborn child behind. He even reported the situation to the local authorities, possibly due to misunderstanding the cultural practice or perceiving it as a form of extortion. The experience likely deterred him from engaging with Chinese or other Asian women in the future, given the financial burden he encountered.

Despite the challenges, the PhD student remained consistent in her expectations. She had asked her Chinese ex-husband for a 660,000 yuan dowry and did not lower her standards for her Dutch boyfriend. Her decision not to forgo or reduce the dowry reflects her principles and refusal to adopt double standards based on nationality. Nonetheless, this choice comes with the consequence of raising a child alone in a foreign country, illustrating the cultural clash and personal costs associated with such traditions.

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China's consumer prices see stable growth in October

China's consumer prices reported mild increases in October as the domestic demand continued to improve amid a sustained economic recovery.

The consumer price index, a main inflation gauge, was up 0.3 percent year on year in October, slightly lower than the 0.4 percent rise in September, the National Bureau of Statistics said Saturday.

Falling energy prices dragged down the price level last month, while food prices registered stable growth, according to NBS statistician Dong Lijuan.

The core CPI, which excludes food and energy prices, rose 0.2 percent from a year ago in October, up from 0.1 percent in September.

On a monthly basis, the CPI slipped 0.3 percent in October after remaining unchanged in September.

The NBS data also showed the country's producer price index (PPI), which measures costs for goods at the factory gate, went down 2.9 percent year on year in October, slightly widening from the 2.8 percent decline in September.

Compared to a month earlier, the PPI only dropped 0.1 percent, narrowing from the 0.6 percent decline in September and 0.7 percent in August.

The overall price level in China has maintained a stable trend this year thanks to an upward economy, effective pro-growth policies, and warming domestic demand.

The country in March unveiled a program of promoting large-scale equipment upgrades and consumer goods trade-ins to stimulate domestic demand and shore up the economy, which has bolstered consumer sentiment and boosted the sales of a wide range of products from automobiles to home appliances.

Looking forward, the mild recovery in inflation is expected to continue for the rest of the year due to better economic situations, seasonal factors, and the weakening carryover effect, Sheng Laiyun, deputy head of the NBS, has said.

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