AB Kuai Dong

Binance Alpha Rule Simulation:

1.0 No Points
2.0 Need Points
3.0 Points + Limited Purchase
4.0 Lottery + Limited Purchase + Exam
5.0 Need to go to Dubai for an offline interview
6.0 Need Dubai offline interview + Crowned as Prince
7.0 Become Satoshi Nakamoto

Yesterday, Coinbase officially announced that after integrating the DEX of the Base chain into its app, today Binance Alpha launched new airdrop regulations.

Split into two phases, with different conditions for participation:

Phase One: If your score is enough, you can directly receive it.

Phase Two: If your score is not enough, it's first come, first served.

It's somewhat reminiscent of the high school entrance exam, where if your score is sufficient, you can directly enroll in key schools, and if not, you have to scramble for placement in your preferred district.

The second half of Binance Alpha has officially arrived. $BNB

Ethereum co-founder, who is the behind-the-scenes driver of this wave $ETH microstrategy Joseph, had quite a bit of news today, summarizing for efficiency:

1. Considering tokenizing ETH microstrategy and US stocks on-chain.

2. Currently protocolizing its products, and the protocol requires tokens, with LINEA coming first.

3. Explained that neither he nor Consensys has sold any ETH microstrategy shares, stating that selling shares is a hypothetical scenario for regulators.

4. Acknowledged that recently some old money and new money are purchasing ETH through over-the-counter transactions.

5. These upcoming token products will have interconnections with each other (for example, the tokens of Metamask and Linea, collaborating on staking?)

Additionally, last night ETH microstrategy set a transaction volume record of 400 million u, and the brother mentioned ETH microstrategy stocks in more than half of his tweets.

I am very curious about why he didn't jump in to shout during the US stock market hours yesterday, but rather after hours, giving a feeling of a project party panic buying chips between 9 - 10 dollars.

After Bitcoin and Ethereum ETFs, Fidelity officially submitted an application for a Solana spot ETF to the SEC this morning.

It can be confirmed that the SOL ETF will include staking. Referring to two Bloomberg ETF analysts who suddenly became bullish on SOL a few days ago, it is estimated that the approval results will arrive soon.

Supplement: Fidelity's ETF applications have always had a high approval rate.

Recently, Binance Alpha has launched several projects from Japan and South Korea. I talked with a few Japanese friends about why they are so eager to list their projects on Alpha, not afraid of low market capitalization or being impacted by airdrop dumping.

As a result, the friends expressed that by listing on Alpha, the market cap can reach a hundred million, and even if it drops, it can still have a big 50 million, which is truly profitable!

So are we expecting too much..

In addition to Futu and Tiger Brokers, several other US and Hong Kong stock brokerages such as ChangQiao and Huasheng have also tightened the account opening for mainland residents today.

The demand for RMB deposits and engaging in US and Hong Kong stocks in the cryptocurrency circle is indeed urgent, and it is estimated that a few leading firms in this area will emerge.

Known as the ETH MicroStrategy of the US stock market, it plummeted 67% after hours, having fallen from a peak of 124.1 to 10.5.

The company executed two miraculous operations, announcing a targeted issuance of 58.7 million shares at a cost price of 6.15 at the peak, and then just now submitted a form to resell 91.9 million shares to shareholders, who can exercise at prices between 6.15 and 7.99.

Whether to buy Ethereum is not important; what's true is wanting to sell stocks at a discount to profit. $ETH

After 6 years, Tencent is once again attempting to acquire Nexon, the developer of MapleStory and DNF. If the deal goes through, NXPC on Binance could be considered a token under Tencent.

However, Bloomberg has reported this on their homepage, so why hasn't $NXPC increased yet?

Binance recently released the reserve report for June, which shows an increase in BTC and stablecoin USDC compared to the same period last month, but a sudden decrease in holdings of ETH, BNB, and others. Notably, the holding of ETH has decreased significantly, while SOL, XRP, and others continue to see a reduction.

Summary: Apart from hard currency Bitcoin and stablecoins, other altcoins are being reduced.

Looking at the reports from various sources, the newly elected South Korean president has positive implications for the cryptocurrency sector, but currently, the stance remains neutral.

On one hand, the South Korean stock market has reached new highs, with analysts suggesting a target of 5000 points for the KOSPI index, while it currently sits at 2770, leading to local hot money flowing into the stock market.

On the other hand, Upbit and Bithumb are accelerating the listing of new coins. We all know that as the number of assets increases, liquidity becomes more dispersed, making it difficult to replicate the phenomenon of everyone concentrating on speculation when a project is announced by officials.

Additionally, the main policy direction of the current administration is aimed at preventing local capital outflow. If local hot money goes to buy foreign altcoins or meme coins, it is obviously contrary to the plan.

Therefore, for projects looking to enter the South Korean market, it is best to first get listed on a Korean exchange.

However, there are indeed benefits, such as the potential delay or modification of the most stringent cryptocurrency regulatory bill that was expected in the second half of the year.

This is because a previous draft revealed a requirement for projects to be registered and verified in South Korea, which means that if something goes wrong in the future, the project parties can truly be held accountable in South Korea.

So, it is highly likely that South Korean exchanges will continue to maintain a frequent listing pace. However, the current enthusiasm for the South Korean cryptocurrency market is indeed not comparable to the LUNA wave in 2021 and 2022, which can be understood as market sentiment that has yet to recover.

In fact, the Japanese market was also very FOMO in the beginning, until several major ICOs caused significant losses, and as the stock market and real estate rose, the enthusiasm for this market seemed to fade away.

Recently, it can be felt that the market sentiment in Japan and South Korea is slowly recovering, such as the micro-strategies in the Japanese stock market and some illiquid tokens in the South Korean market (which have been heavily speculated upon by retail investors), but there is still a long way to go before reaching the most FOMO scenarios of the past.

The new CEO of Aptos is set to attend a hearing in the United States tomorrow. After reviewing the preliminary draft of the content, it mainly discusses the importance of tokens:

· The brother believes that without tokens, it is impossible to coordinate, protect, or govern an open network, and the US dollar cannot fulfill this.

· Existing on-chain applications are real, and can only be realized on-chain, with tokens being the fundamental core that drives them, and governance rights should belong to the users.

· In terms of legislative structure, it is believed that if the US lacks a clear definition of token regulatory jurisdiction, developers will face significant uncertainty, which may lead them to leave.

Rarely, this is a hearing directly inviting public chain leaders to represent the industry in responding to regulatory inquiries, scheduled for June 4th at 10 PM Asia time.

I wonder if the brother will showcase some use cases of Aptos or mention the APT token, Move, etc., but at least it indicates that Aptos is in the core circle in the US right now.

Now that the new CEO has stepped up, can the token price also strengthen?

Meitu Company bought Bitcoin and Ethereum a few years ago.

They later stated: Although they made 570 million, they regret it very much.

In this cycle, the attributes of super large platforms and super apps are almost maximized.

Robinhood acquired Bitstamp, Consensys acquired Web3Auth, Coinbase acquired Deribit.

If the acquisition offers hadn't been slightly low, it is estimated that Circle would have been acquired as well.

Unfortunately, the beneficiaries are all U.S. stock investors, and many companies do not consider issuing tokens, still belonging to the U.S. stock market's imitation season for cryptocurrencies.

Recently, there hasn't been more Binance Alpha because the listing has completely heated up and we can no longer keep track of it.

In the past, there was an official announcement of 1 project every day, but now it has turned into 3 announcements every 24 hours. If we include trading competitions and liquidity mining incentives, there are almost 5 - 6 different project announcements.

For project parties, Alpha now means: a grand stage for the common people, come if you dare.

Did the Ethereum Foundation lay off employees?

Looking at yesterday's article, the general idea is that the team responsible for protocol research and development, Protocol R&D, has been streamlined and renamed to Protocol.

Then some former senior members will no longer work as employees for the Ethereum Foundation, but they still mentioned that they would contribute to the ecosystem.

It seems like after the big companies optimize, they tell people, hoping you will continue to shine for xx, this phrasing sounds very familiar.

Be cautious about Labubu.

According to data from multiple sources such as Xiaohongshu, TikTok, and Instagram, the popularity of Labubu is rapidly declining, especially in recent days.

Today should be a day of panic in the market. A colleague working on a project shared that he received goods worth 230,000 USD today, and this week he has already sold over 400,000 USD, but the coin price has still dropped by 30%. Market makers are urging to replenish reserves tonight.

Bad news: $WCT 3 hours plummeted by 31%
Good news: Participants from the previous 0.2 public offering are still in profit

Now AIOT, $TST , $WIF are like a frying pan..