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This is a long-term fan benefit post: #新手必看：这里有你需要的一切
👉🏻 What can you do?
❶ Follow @OKX Growth Academy
❷ Leave a comment or ask a question in the comment section of this post:
• It can be a term you are familiar with but haven't fully understood yet
• Or a question you still don't quite get so far
👉🏻 What can you get?
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🎁 Extra benefits: Whenever the number of fans reaches a whole number, a lucky user will be randomly selected in the comments to receive fan benefits (peripheral items or random USDT of choice)
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OKX Growth Academy | Curated Guide Collection
Getting Started ➊ If you were "recommended" here, first read this 🔗https://oyidl.net/ul/ACkbC01 ➋ Complete Guide to Scam Prevention in Crypto 🔗https://oyidl.net/ul/BmEpi6n ➌ Explore the OKX APP 🔗https://oyidl.me/ul/Fckjid1 Spot Trading ➊ Understand the coins you buy 🔗https://oyidl.net/ul/WHmwagq ➋ Why sometimes you can't beat time 🔗https://oyidl.me/ul/N0xEL4O ➌ From placing orders, position management to exit 🔗https://oyidl.me/ul/2ilRBXE Futures Trading ➊ Are you earning coins or money 🔗https://oyidl.net/ul/LWFgdPq ➋ Besides candlesticks, what else to watch 🔗https://oyidl.net/ul/fbGRWMV ➌ Correct understanding of profit and loss 🔗https://oyidl.net/ul/anam6xp ❹ Cross-margin mode: how to use, who it's suitable for 🔗https://oyidl.net/ul/1LjdiYF Daily Futures Tip ➊ Latest price, index price, mark price 🔗https://oyidl.net/ul/nsf1UdH
How many digits of the address are checked during a transfer? Beware of address poisoning attacks
Recently, a long-dormant Ethereum wallet encountered an address poisoning attack just before making a large transfer. The attacker sent multiple small amounts of ETH to the wallet within minutes, attempting to lure the holder into transferring funds to a forged address. Fortunately, the transfer of about 2,155 ETH ultimately went to the correct address. 🔎 What is address poisoning? Address poisoning is a scam technique that exploits similar wallet addresses and fake transaction records. Attackers generate a wallet address that looks very similar at the beginning and end to the real recipient address, then use small transfers to make this fake address appear in the user's transaction history. If the user copies the address directly from the history or only checks the first and last few characters during the next transfer, they might mistakenly send assets to the attacker. ⚠️ Why is this attack so effective? Because wallet addresses usually consist of a long string of characters, many wallets and block explorers omit the middle characters and only show the beginning and end. For example: Correct address: 0x1321beb8…1A44 Forged address: 0x1321fff0…1A44 (illustration) The two addresses look very similar but are actually completely different wallets. What’s more concerning is that attackers don’t need to hack the wallet or obtain private keys. They just wait for the user to copy the wrong address and actively transfer funds. 🛡️ How to avoid address poisoning? Do not directly copy addresses from unfamiliar transaction records. History records may be mixed
#美国10月CPI今晚公布，加息预期能否改变？
Previously, although the October nonfarm payroll data exceeded expectations, the latest survey from the New York Fed shows that consumers believe the probability of a rise in the U.S. unemployment rate over the next year has increased, while inflation expectations remain stable.
❓ Why is the unemployment rate rising even though nonfarm payrolls increased?
A common reason is that the number of people entering the labor market to look for jobs is growing faster.
For example, companies may have added many new positions, but at the same time, more people have started looking for work. If the new jobs are not enough to absorb these new job seekers, the unemployment rate can still rise even if employment numbers increase.
Secondly, the two data sets come from different surveys: nonfarm employment mainly counts "jobs" through surveys of businesses and government agencies, while the unemployment rate counts "people" through household surveys, so short-term trends may differ.
💡 Therefore, "strong nonfarm payrolls and rising unemployment" are not contradictory. One looks at new job additions, the other looks at unemployment within the labor force population. Combining these two data sets provides a more complete view of the job market.
👀 When encountering such data divergence in the future, you can judge as follows:
❶ First, see why the unemployment rate is rising: is it because more people are entering the labor market to look for jobs, or is job growth slowing down?
❷ Then see if the divergence continues: if the unemployment rate keeps rising while nonfarm employment also starts to weaken, it is more worth paying attention to whether the job market is clearly cooling down.
🔎 <Term Explanation> Initial Jobless Claims｜Why does everyone watch it every week?
#非农在即，就业数据能否强化12月加息预期？
Nonfarm payrolls and unemployment rate are released monthly, but how does the market observe changes in the US labor market more timely between the two monthly employment reports?
👉🏻 Initial Jobless Claims is one of the higher-frequency observation windows.
It counts the number of people filing for unemployment insurance benefits for the first time within a week, released weekly, helping the market observe recent layoffs and labor market changes more promptly.
📌 For example:
Suppose a tech company downsizes its team, and some employees become unemployed and file for unemployment benefits for the first time; these claims will be counted in that week's initial claims. If such cases increase, initial claims may continue to rise, indicating possible increased layoffs and signs of cooling in the labor market.
❓ When encountering initial claims data, what should you focus on?
❶ Actual value vs. market expectations: Is it significantly higher or lower than expected?
❷ Continuous trend: A sustained rise 📈 may indicate increased layoffs and a cooling labor market; a sustained decline or low level 📉 may indicate the labor market remains resilient.
❸ Combine with other employment data: Does it point to the same trend as nonfarm payrolls, unemployment rate, etc.?
💡 Nonfarm payrolls and unemployment rate provide employment clues monthly, while initial jobless claims update weekly. Because weekly data can be volatile, the market usually pays more attention to the trend over several consecutive weeks rather than a sudden rise or fall in a single week.
🔎 <Term Explanation> Performance 🆚 Performance Guidance｜Confused?
#AMD data center revenue nearly doubled, revenue and guidance both exceeded expectations
#Apple Q4 revenue exceeded expectations, next quarter gross margin guidance under pressure
—— They look very similar, but one looks at the past, the other looks to the future.
📊 Performance (Results) looks back
Refers to the company's achieved operating results, such as revenue, net profit, EPS, gross margin for the just-ended quarter.
👉🏻 Answers: How did the company actually perform during this past period?
🔭 Performance Guidance looks forward
Refers to the company's management expectations for operating and financial performance over a future period, commonly next quarter or full year revenue, EPS, margins, CapEx, etc. The company may provide specific numbers, ranges, or trend assessments.
👉🏻 Answers: How does the company expect to perform going forward?
👀 Whether it’s performance or guidance, it needs to be viewed in the context of market expectations: Did past results exceed expectations? Does future outlook meet market anticipation?
▪️ Both performance and guidance exceed expectations
▪️ Performance exceeds expectations, guidance falls short
▪️ Performance falls short, guidance exceeds expectations
▪️ Both performance and guidance fall short
⚠️ Meeting expectations does not necessarily mean the stock price won’t react. The market often focuses on the "gap between actual results and prior expectations." If prior expectations were already very high, merely meeting expectations may lack new positive surprises.
🔎 #美国中期选举在即，哪些结果值得关注？
The U.S. president serves a 4-year term, and halfway through the presidential term, the U.S. holds a nationwide congressional election, known as the midterm election.
🗳️ Midterm elections do not elect the president but do reelect:
▪️ House of Representatives: all 435 seats are up for election
▪️ Senate: about 1/3 of the 100 seats are up for election
👉🏻 House members serve 2-year terms, with all seats up for election every two years; Senators serve 6-year terms with staggered elections, about 1/3 of seats contested every two years.
🌟 Election results can change the majority party makeup of both chambers of Congress:
U.S. federal legislation usually requires approval from both the House and Senate⬇︎
• If the president's party controls the majority in both chambers, some policy agendas are generally easier to advance;
• If control of Congress changes, or a "divided government" forms, the policy advancement and negotiation environment may also change.
🌟 In this midterm election, political action committees (PACs) related to the crypto industry have invested heavily in congressional elections, with the three major industry super PACs spending about $170 million, reflecting the industry's focus on future digital asset legislation and regulatory environment.
🧐 What the market truly cares about is not "who wins and whether BTC will rise or fall," but rather:
Election results → changes in congressional power structure → possible changes in legislative environment for fiscal, tax, financial, and digital asset policies → market reassessment of future policy expectations
OKX Orbit
📅 What are the important dates in November?
📌 Highlights this month: #美国中期选举在即，哪些结果值得关注？ Non-farm payrolls and CPI reports come in quick succession, AI earnings and crypto events happen simultaneously. All key dates to watch this month are organized in 👉 "November Financial Calendar"
Bookmark the calendar first, so you can focus on market expectations and the latest developments before key dates arrive.
🧐 Which event are you most interested in this November? Feel free to share in the comments below ⬇︎ (Download to get the original image)
📌 Comparison｜CPI & PCE — Both are inflation indicators, but what’s the difference?
▪️ CPI (Consumer Price Index) mainly tracks the price changes of a basket of goods and services purchased by consumers, such as food, housing, gasoline, transportation, etc., which is closer to the intuitive feeling of "how much more expensive living costs have become."
▪️ PCE (Personal Consumption Expenditures Price Index) also measures changes in consumer prices but covers a broader range and uses different weights and calculation methods, allowing it to more flexibly reflect changes in consumer spending patterns. #美国9月核心PCE升至3.1%，加息预期仍高
❓ Why does the market look at both?
Because their statistical scope, weights, and calculation methods differ, the inflation levels they reflect for the same round of price changes may not be exactly the same.
📌 For example:
Suppose beef prices rise significantly, and some consumers start buying less beef and switch to chicken.
➡️ CPI is less flexible in reflecting such short-term changes in consumption habits, so the impact of beef price increases will still be more noticeably reflected in the data.
➡️ PCE adjusts the weights of different consumption items more flexibly and reflects the shift from beef to chicken more promptly.
Therefore, the market often looks at CPI first, then waits for PCE to further observe inflation trends. If the two sets of data diverge, other data such as employment and wages are also considered for further judgment.
💡 Simply put:
CPI → More intuitive observation of the price changes consumers face
PCE → Observes consumer prices from a broader scope and more flexibly reflects changes in consumption structure
Both are inflation indicators, but their statistical scope, weights, and calculation methods are not exactly the same.
🔎 <Term Explanation> PCE 🆚 Core PCE
#美国9月核心PCE升至3.1%，加息预期仍高
Looking at US inflation, what is the difference between PCE and CPI? — PCE, or Personal Consumption Expenditures Price Index, is also used to observe changes in consumer prices, but differs from CPI in terms of statistical scope and consumption weights.
❓ Why look at PCE if we already have CPI?
Compared to CPI, PCE covers a broader range of consumer expenditures and its weights adjust according to actual consumer spending patterns. For example, if the price of a certain product rises, consumers may switch to other products, and PCE more flexibly reflects this change in actual purchasing behavior.
Both CPI and PCE are published monthly, reporting price changes from the previous month. Usually, CPI is released earlier and PCE later, so the market observes inflation changes through these two sets of data sequentially.
❓ What is Core PCE?
Similar to Core CPI, Core PCE excludes volatile food and energy prices, focusing more on observing relatively persistent inflation trends.
❓ Why does the market pay special attention to PCE?
The Federal Reserve’s long-term 2% inflation target is measured by the PCE price index, so the market watches changes in PCE and Core PCE to judge whether inflation trends are shifting and to further anticipate future interest rate paths.
🌟 Both CPI and PCE track inflation but use different statistical methods; PCE covers a wider range and adjusts weights more flexibly. The PCE price index is also the indicator used by the Federal Reserve for its 2% long-term inflation target.
🔎 <Term Explanation> Federal Reserve Dot Plot
#10月FOMC利率决议即将公布 After the FOMC announces its interest rate decision, the market sometimes closely watches a chart filled with "small dots" — the Federal Reserve Dot Plot.
👉🏻 The Dot Plot shows individual FOMC participants' judgments on the appropriate level of the federal funds rate in the future. Each dot represents one participant's forecast of the year-end interest rate level for a given year: the higher the dot, the higher the expected rate; the lower the dot, the lower the expected rate.
❓ How to read the Dot Plot?
❶ Where is the median: The market often uses this to observe participants' overall judgment on future interest rate levels.
❷ How it changes compared to last time: An overall upward shift means participants believe the appropriate future rate level is higher; an overall downward shift means it is lower.
❸ How different years change: You can observe how participants think interest rates might evolve over the next few years.
📌 For example:
Suppose the FOMC keeps rates unchanged at this meeting, but the latest Dot Plot shows the median year-end rate forecast is higher than before.
This means that although "no rate hike this time," participants have raised their judgment of the appropriate future rate level, and the market may still readjust future rate expectations, further impacting U.S. Treasuries, the U.S. dollar, U.S. stocks, and assets like BTC.
⚠️ Note: The Dot Plot is not a "rate hike/cut schedule." It reflects participants' judgments based on the current economic situation and will be adjusted in the future as inflation, employment, and other data change.
OKX成长学院
🔎 <名词解释> FOMC利率决议
“#9月FOMC纪要公布，多数官员倾向再加息 ”
“FOMC声明释放了什么信号？”
👉🏻 FOMC（联邦公开市场委员会），是美联储制定货币政策的核心决策机构，通常每年召开8次例行会议，评估通胀、就业和经济状况，并决定包括联邦基金利率目标区间在内的货币政策。
❓FOMC对市场有什么影响？怎么看？
❶ 先看利率决议：利率变化会影响市场资金成本和风险偏好，并可能传导至BTC、ETH等风险资产。
加息→ 政策趋紧，抑制通胀
降息→ 政策趋松，支持经济和就业
维持不变→ 暂不调整利率，但不代表未来政策方向不变
❷ 再看是否符合预期：市场往往会提前交易加息或降息预期。
如果结果早已被充分预期，决议本身带来的影响可能有限；
如果实际决策与预期出现明显偏差，市场波动可能更明显。
❸ 最后看未来政策信号：
政策声明、经济预测及主席讲话释放了什么信号？市场会据此重新判断未来是继续加息、何时降息，还是高利率维持更久。
💡 看FOMC不能只看“加息还是降息”，还要看“是否符合预期”以及“下一步准备怎么走”~
🔎 <Term Explanation> Federal Funds Rate
#本周将公布10月FOMC利率决议
Everyone talks about “Fed rate hikes,” but what rate is the Federal Reserve actually raising?
The “rate hike/cut” here doesn’t directly refer to deposit or mortgage rates, but rather to the FOMC raising or lowering the target range for the Federal Funds Rate.
👉🏻 The Federal Funds Rate is the interest rate at which depository institutions in the U.S. lend overnight funds to each other. The Fed uses monetary policy tools to guide the actual rate to stay within the target range set by the FOMC.
📌 For example:
If the FOMC raises the target range from 4.25%–4.50% to 4.50%–4.75%, this is what we commonly call:
“The Fed raising rates by 25 basis points (0.25 percentage points).”
❓ Why is an “interbank overnight rate” so important?
Because it sits at the core of the U.S. short-term interest rate system. Changes in the target range affect other short-term market rates and financing costs, which then transmit to broader financial conditions and may impact the dollar, U.S. Treasuries, U.S. stocks, as well as assets like BTC and ETH.
💡 Understanding the Federal Funds Rate means understanding what the “Fed rate hikes/cuts” are really adjusting. It doesn’t directly set all market rates but transmits through this core short-term rate to the wider financial markets.
💡 Friendly reminder: OKX Prophet Season 3 is in full swing. Post about earnings topics to earn XP👉🏻 #SK海力士Q3财报在即，HBM4能否提振盈利？
OKX成长学院
🔎 <名词解释> FOMC利率决议
“#9月FOMC纪要公布，多数官员倾向再加息 ”
“FOMC声明释放了什么信号？”
👉🏻 FOMC（联邦公开市场委员会），是美联储制定货币政策的核心决策机构，通常每年召开8次例行会议，评估通胀、就业和经济状况，并决定包括联邦基金利率目标区间在内的货币政策。
❓FOMC对市场有什么影响？怎么看？
❶ 先看利率决议：利率变化会影响市场资金成本和风险偏好，并可能传导至BTC、ETH等风险资产。
加息→ 政策趋紧，抑制通胀
降息→ 政策趋松，支持经济和就业
维持不变→ 暂不调整利率，但不代表未来政策方向不变
❷ 再看是否符合预期：市场往往会提前交易加息或降息预期。
如果结果早已被充分预期，决议本身带来的影响可能有限；
如果实际决策与预期出现明显偏差，市场波动可能更明显。
❸ 最后看未来政策信号：
政策声明、经济预测及主席讲话释放了什么信号？市场会据此重新判断未来是继续加息、何时降息，还是高利率维持更久。
💡 看FOMC不能只看“加息还是降息”，还要看“是否符合预期”以及“下一步准备怎么走”~
