<Today's Hotspot Review 4.30> 1. Alpaca Long vs Short Battle I took a look, and it seems like both spot and contract markets were pumped simultaneously. Binance was the main battlefield for longs, while other exchanges were dominated by shorts. Liangxi also gave a push to the short side. The battle ended with Binance closing contracts, all contracts were liquidated at high positions, and shorts on other exchanges made big profits. I didn’t dare to participate. It feels like there are still a few days until May 2, and there could be several more cycles. This also validates the saying: "Every short seller will eventually encounter a TRB..." Shorting can win 99 times, but losing once can end it all. Delisted coins have more liquidity and wealth effects than listed ones, making it hard to collapse. This shows that exchanges no longer influence the rules; they’re just doing whatever they want. 2. A major exposé revealed some dark secrets of exchanges. The original text is very exciting and worth reading. It’s basically the strongest manifesto in Web3, with overwhelming evidence and detailed information. 3. Pumpfun Battleground Welcomes Newcomers Dingaling is also stepping in to create a launchpad. Let’s see how everyone plays this out. It feels like there are significant differences among several individuals. 4. On-chain P General Level Distribution Map Released in Chinese and English Communities It looks a bit awkward... It’s best not to rank KOLs and individuals by level. The volatility in the crypto space is too high, and the disparity between skill and luck is too great. The key issue is that no one accepts being ranked 🤣 5. Feng Wuxiang vs. Kaito After Feng Wuxiang’s battle with Huma, he’s now accusing Kaito of issues. Allegedly, those who spread FUD about Kaito will have their weight reduced. He’s also accusing Kaito employees and some mysterious English accounts of appearing on Chinese community leaderboards. Teachers like Hebi and Bingwa have also started their rights protection campaigns. The Northwest region is now in chaos. How can KOLs protect themselves when criticized? It’s best to be in a country with rule of law; China is actually quite safe. Don’t expose your name and address. Build good relationships with lawyers and legal authorities. Avoid engaging in illegal activities like issuing tokens or earning unjust profits. Earn enough for financial freedom, and then feel free to criticize. 6. Declaring War on Ethereum Foundation Governance The Ethereum Foundation has always been slow and resistant to change. The cost of not embracing change is heavy. EIP-7940 proposes community coordination to convey voices and drive decision-making. 7. CZ Calls Himself a Donkey There’s not much meme material left; the market is really tough. 8. House Breaks $100M A few days ago, it was said that the Western conspiracy group is back to work. It’s unclear whether House will be listed. 9. Binance Alpha Many People Missed the Cut by a Tiny Margin It’s normal; it’s stuck at a certain ratio. It’s not about how many points you have but whether you’re in the top xx%. 10. U.S. Stock Earnings Season Is Ending It feels like the bullish U.S. stock market driven by earnings reports is also coming to an end... Wishing friends in China a happy May Day holiday. During the break, keep an eye on gold, the euro, yen, and U.S. stocks. See you tomorrow.