多谢

Dubai's latest ban on privacy coins officially comes into effect on January 12, 2026. This policy is enforced by the Dubai Financial Services Authority within the Dubai International Financial Centre, completely prohibiting commercial activities involving privacy coins and related anonymous tools.
📜 Core Policy Content
To help you quickly understand, the core points of the new regulations in Dubai are summarized as follows:
1. Prohibited assets and activities
· Privacy coins/anonymous coins: Trading, promoting, or providing fund investment or derivatives services is completely prohibited. Typical examples: Monero (XMR), Zcash (ZEC).
· Anonymous enhancement tools: The use of mixers, Tornado Cash, or any software, hardware, or services intended to obscure the source, destination, or ownership of transactions is prohibited.

Alright, let's comprehensively introduce a representative project in the field of privacy coins - Zcash.
In a nutshell: Zcash is a cryptocurrency based on the Bitcoin codebase, focused on transaction privacy protection. Through advanced zero-knowledge proof technology, it allows users to selectively hide transaction amounts and participant information.
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1. Basic information
· Token symbol: ZEC
· Established on: October 28, 2016 (created by Zooko Wilcox-O'Hearn and others)
· Core features: Optional privacy transactions, meaning users can choose to conduct completely public transactions (similar to Bitcoin), or conduct completely shielded privacy transactions.

Sure, here is a comprehensive and easy-to-understand introduction to Dash.

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What is Dash?

Dash is a cryptocurrency focused on payment functionality and transaction privacy. Originally named Darkcoin, it was later renamed DASH (evolved from 'Digital Cash'). Its core goal is to become a convenient, fast, and low-cost electronic cash for everyday use, while offering optional privacy protection features for users.

Core Features

1. Instant Transactions
· Thanks to its unique InstantSend technology, Dash enables transaction confirmation within 2 seconds. This is its most prominent advantage as a payment tool, addressing the issue of slow transactions in cryptocurrencies like Bitcoin, which typically require multiple network confirmations (usually over 10 minutes).

As of the latest data (2023-2024), Monero's strong privacy features make it difficult to accurately determine its holding distribution like Bitcoin, where public ledger data can be precisely tracked. All transactions and address balances are hidden. Therefore, current analyses are primarily based on estimated data derived from indirect methods and heuristic algorithms by blockchain analytics firms.
Below are the key characteristics and analysis of Monero's holding distribution based on these estimates and public information:
1. Core feature: Uncertainty caused by privacy
Monero's privacy technologies (ring signatures, confidential transactions, stealth addresses) make it so:

Below, I will provide a tiered ranking and detailed overview of current privacy coins based on comprehensive technical strength, market recognition, market capitalization (data approximate as of mid-2024, please note real-time changes), and ecosystem activity.
Tier 1: Recognized giants in the privacy coin space
These two projects are leading representatives in the privacy coin sector, boasting the largest market capitalization, the strongest technical teams, and the widest acceptance.
1. Monero (Monero - XMR)
· Core privacy technology: Ring signatures, Confidential Transactions, Stealth addresses. All transactions are private by default, with no transparent transaction options available.

Sure, here's a brief introduction to XMR (Monero).
Core Positioning
XMR is currently the most well-known privacy coin with the highest market share in the cryptocurrency space. Its core objective is to provide fully anonymous and untraceable transactions, giving users absolute financial privacy on the blockchain.
Key Features and Working Principles
1. Mandatory Privacy (Default On)
· Unlike Bitcoin or Ethereum's 'pseudonymous' nature (where transactions can be publicly traced), all Monero transactions are private by default. Users enjoy privacy protection without needing any additional actions.

MicroStrategy's financial cost structure primarily consists of debt interest expenses. In 2025, its total debt was approximately $8.2 billion, with annual interest expenses of approximately $180 million. The company primarily finances its Bitcoin purchases through convertible bonds, senior secured bonds, and stock offerings. Convertible bond interest rates range from 0% to 0.75%, while senior secured bond interest rates are approximately 6.125%.

Financial cost composition

The financial costs of microstrategies mainly include interest expenses on the following types of debt:

1. Convertible bonds

- Convertible bonds maturing in 2028: US$875 million, interest rate 0.625%

"Dual Currency Win" (or a similar name for dual currency investment) is essentially a structured financial product that allows you to make a forecast on future prices while guaranteeing a fixed additional return regardless of market movements.
You can think of it as an automated trading instruction with conditions: set a target price and a deadline in advance. At expiration, the system will automatically decide whether to give you cash (with interest) or cryptocurrency (with interest), depending on whether the market price reaches the target.
🌟 Core Operating Model: Two Basic Strategies
Its core consists of two strategies: "buy low" and "sell high," which determine your initial investment and the final asset you aim to receive.

XRP is a digital asset (cryptocurrency) focused on efficient cross-border payments, holding a significant position in the cryptocurrency market due to its fast and low-cost transaction processing capabilities.
Key Points Overview
To help you quickly understand the key information about XRP, I have compiled the following points:
· Core Positioning and Objective: Aims to solve the problems of slow speed and high cost in traditional cross-border remittances, serving as a "bridge currency" between different fiat currencies.
· Key Performance Indicators: Transaction confirmation takes only 3-5 seconds, processing approximately 1,500 transactions per second, with extremely low transaction costs (around 0.00001 XRP) per transaction.

According to the latest market information, the staking volume of Ethereum (ETH) continued to grow in early 2026, with the total staked amount exceeding 35 million ETH, accounting for nearly 30% of the circulating supply.
Below are several key real-time data points:
📈 Latest Staking Data Overview
· Total staked amount: Approximately 35.5 million ETH
· Staking ratio: Approximately 28.91% of the circulating supply
· Annualized yield: Maintained at 3% - 3.5%
· ETH awaiting staking: Approximately 900,000 - 1,000,000 ETH
Recent Growth and Trends
Early 2026 saw several significant changes in the ETH staking market:
· Staking queue reversal: The amount of ETH awaiting withdrawal has significantly decreased from its peak in September 2025 to about 80,000 ETH, while the amount of ETH awaiting entry into staking has surged to nearly one million ETH, indicating that investors are increasingly inclined to lock up assets to earn returns.

Bitmine Immersion Technologies (BMNR) holds a very large amount of Ethereum (ETH). According to the company's official announcement on January 4, its core data is as follows:

· Total ETH holdings: 4,143,502 ETH
. 4143502×3120=1.29277e+10
. Pre-market US stock 7:45, latest market cap $12.929 billion
· Represents 3.43% of Ethereum's total supply
· Long-term strategic goal: Accumulate 5% of Ethereum's total supply
· Staked ETH amount (as of January 4): 659,219 ETH
· Latest staking data (as of January 8): Increased to 827,008 ETH

💰 Portfolio composition

The funding fees charged by cryptocurrency exchanges (especially for perpetual contracts) are one of the core mechanisms of perpetual contracts. Its fundamental purpose is to ensure that the market price of perpetual contracts remains closely anchored to the spot price of the underlying asset, preventing long-term deviations.

Simple understanding: it is not a trading fee, but a periodic fund exchange between long and short position users based on market conditions.

1. What are funding fees?

· Nature: It is a periodic fund exchange between longs and shorts based on their position sizes. The exchange merely acts as an intermediary to execute this fund transfer.