This weekend's roadside report:

1. The recent crash of currencies is mostly related to the strange holding structure of contracts + insufficient spot liquidity + large sell-offs in a short period of time. Project parties? Market makers? Who is the puppet master is Schrödinger's puzzle. But for most projects that want to work again after hours, it will be difficult; otherwise, the outcome will be clear within three days, or it will be a lifelong issue.

2. Binance Alpha is crazily sending offers to projects, and there will be more strange entities coming up next. Additionally, a new form of IDO will emerge, running parallel with the old forms. This model mainly focuses on small-cap projects, capturing market share from lower-tier exchanges.

3. Now, top projects want to skip Alpha and go directly to spot and contracts to have more pricing space. This will be the focus of the upcoming coin listing game and will also present potential arbitrage opportunities.