Binance Alpha Point Update Rules: Is the Spring for Retail Investors Over?
Today, I was shocked to see this; I thought I couldn't use U for transactions anymore.
Upon closer inspection, I realized that it is not allowed to use tokens other than (spot) and (Alpha) tokens for trading.
So why is this the case?
Because when trading, liquidity provision is needed for us to directly exchange for the desired tokens or sell for U. Liquidity is not provided for free; a small fee must be paid to liquidity providers, also known as LP fees. This fee is generally 0.01% for ZKJ, meaning for a trading volume of 10,000, you have to pay 1 U. Currently, people are generally trading 16,000 or 33,000, leading to a fixed wear of about 1.6-3.3 U per day.
At this point, a genius created a worthless token, say this token is called ssbb, and he used this ssbb-zkj to trade, needing only to pay gas fees, which is nearly costless because he recouped the LP fees himself. He can trade as much as he wants.
Previously, there was also an announcement from Binance that made everyone aware of someone creating a token and adding liquidity to show a high price in the wallet, directly earning 4 points every day.
Binance's ban on this behavior undoubtedly strikes against studios and is more friendly to retail investors, allowing for fairer conditions for everyone.
Today was a busy day. Organized alpha trades at noon, received alpha airdrop, in the afternoon received Soon airdrop, collected a thousand accounts, finally finished and sold out. Over ten thousand u, not as good as KOL using their mouth to grab one. Sigh😮💨
Cryptocurrency Diary 2025/05/22 Today's major event is that the basic liquidity facility Cetus on the Sui network was hacked, draining the pool with a total loss of 220 million USD. The Sui Foundation has frozen 160 million, and currently, 60 million USD has been cross-chained to Ethereum. Cetus has currently offered a 10% settlement agreement, which amounts to 6 million USD. I believe that aside from the 🇰🇵 hacker, no one would refuse this settlement agreement.
Because liquidity has been drained today, the meme coins on Sui have shown extreme volatility, with those buying the dip generally seeing a 5-10× increase, and arbitrageurs are making a fortune.
Crisis has created a carnival for a small number of people.
As I write this, I still need to receive soon and do alpha tomorrow😴$SUI $CETUS