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加密鸟叔

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Occasional Trader
4.6 Years
嗨!我是鸟叔。一个啥都不太懂的加密小白。
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DODO - A project from hundreds of years ago has been revived?What is this project that caused the coin price to increase by 40% in one day? Is it the distortion of human nature or the decline of morality? Listen to Psy's interpretation for you In 2020, DODO emerged as a decentralized exchange. As a leader in the DeFi field, it has shined on multiple blockchain platforms with its original Proactive Market Maker (PMM) algorithm. Compared with the traditional AMM model, the PMM algorithm has brought innovation to liquidity management with its more efficient and flexible characteristics. DODO not only provides seamless cross-chain transactions, but also builds a diversified product and service matrix to meet the diverse needs of users. However, in a short period of time after the token was issued, with the rise of uni and the involution of decentralized exchanges, DODO gradually faded out of people's sight.

DODO - A project from hundreds of years ago has been revived?

What is this project that caused the coin price to increase by 40% in one day?
Is it the distortion of human nature or the decline of morality?
Listen to Psy's interpretation for you
In 2020, DODO emerged as a decentralized exchange. As a leader in the DeFi field, it has shined on multiple blockchain platforms with its original Proactive Market Maker (PMM) algorithm. Compared with the traditional AMM model, the PMM algorithm has brought innovation to liquidity management with its more efficient and flexible characteristics. DODO not only provides seamless cross-chain transactions, but also builds a diversified product and service matrix to meet the diverse needs of users. However, in a short period of time after the token was issued, with the rise of uni and the involution of decentralized exchanges, DODO gradually faded out of people's sight.
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No, Sun Ge really couldn't bear to sell on his own exchange, which shows how low Huobi's depth is🤔🤔🤔$ETHFI According to the on-chain analyst Yu Jin, after transferring the ETHFI airdrop to Binance, Justin Sun continued to use 18,000 ETH ($63.57M) to purchase 18,075.8 weETH PT (expiring on June 27). Currently, Sun holds LRT PT (weETH, pufETH, rsETH) worth up to $302 million, all of which expire on June 27, and are expected to receive 627.6 ETH ($2.21M) in income after expiration.
No, Sun Ge really couldn't bear to sell on his own exchange, which shows how low Huobi's depth is🤔🤔🤔$ETHFI

According to the on-chain analyst Yu Jin, after transferring the ETHFI airdrop to Binance, Justin Sun continued to use 18,000 ETH ($63.57M) to purchase 18,075.8 weETH PT (expiring on June 27).

Currently, Sun holds LRT PT (weETH, pufETH, rsETH) worth up to $302 million, all of which expire on June 27, and are expected to receive 627.6 ETH ($2.21M) in income after expiration.
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Yi He
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Come! Let's cultivate immortality together!
I generally don't like to be a father to others, unless they come to be my father.
If you look back, Bitcoin was born against the backdrop of the 2008 financial crisis, at that time no one would have thought that a white paper, an open-source code, would become the best asset of the past 17 years, without exception. Times are changing, the concept of money is changing, the concept of assets is changing, policies are changing, and on a path that no one has walked before, we practitioners went from being accused of 'pyramid schemes' by others to calling ourselves 'noble Wall Street traders'. On this road, our community is becoming larger and larger, facing one fork after another, each choice is a process of selection, some people get closer, while others drift further apart.
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Meeting the Best BinanceEight years of light and shadow: the awakening of creators from the cave to the square Eight years ago, when Binance was just born, I still remember that chaotic world of cryptocurrency - exchanges frequently went offline, user assets were uncertain, and the entire industry seemed like a shadow game in Plato's cave. At that time, we were all prisoners bound by chains, only able to guess the true face of the market through various rumors and technical analysis charts. Eight years later, when I revisit this journey, I can't help but remember Heraclitus's saying: 'You cannot step into the same river twice.' We truly cannot return to that era of information scarcity and value chaos, but more importantly - we also do not want to go back.

Meeting the Best Binance

Eight years of light and shadow: the awakening of creators from the cave to the square
Eight years ago, when Binance was just born, I still remember that chaotic world of cryptocurrency - exchanges frequently went offline, user assets were uncertain, and the entire industry seemed like a shadow game in Plato's cave. At that time, we were all prisoners bound by chains, only able to guess the true face of the market through various rumors and technical analysis charts.
Eight years later, when I revisit this journey, I can't help but remember Heraclitus's saying: 'You cannot step into the same river twice.' We truly cannot return to that era of information scarcity and value chaos, but more importantly - we also do not want to go back.
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Huma deposit early batch is now open! Key information summary: OG and Vanguard badge holders can participate 24 hours in advance, don't miss out on the benefits. Comparison of two modes of returns: ✔️ Classic Mode: 10% APY + up to 11x feather rewards ✔️ Maxi Mode: 19x feather rewards (Note the leverage risks) Classic mode is suitable for large funds seeking stability, Maxi is the true love for retail investors, after all, the airdrop expectations are there. If Maxi returns are not better than Classic, then this mode design is really lacking. Return rate analysis: 🔹 The last round had a comprehensive annualized return of 225% (including airdrops) 🔹 The second round of airdrops in August is expected to further enhance returns 🔹 Classic mode's 10% base return is already 3-4 times that of peers Special reminder for users wanting to obtain the Vanguard badge: Just stake $100,000 $HUMA in @humafinance to qualify. The recent token price increase is considerable, it's recommended to pay attention to the entry timing. Planning to deposit a little each month in new pools going forward, and see how much can be saved by the end of the year, just treating it like a high-end savings jar @humafinance
Huma deposit early batch is now open!

Key information summary:

OG and Vanguard badge holders can participate 24 hours in advance, don't miss out on the benefits.

Comparison of two modes of returns:

✔️ Classic Mode: 10% APY + up to 11x feather rewards
✔️ Maxi Mode: 19x feather rewards (Note the leverage risks)

Classic mode is suitable for large funds seeking stability, Maxi is the true love for retail investors, after all, the airdrop expectations are there. If Maxi returns are not better than Classic, then this mode design is really lacking.

Return rate analysis:
🔹 The last round had a comprehensive annualized return of 225% (including airdrops)
🔹 The second round of airdrops in August is expected to further enhance returns
🔹 Classic mode's 10% base return is already 3-4 times that of peers

Special reminder for users wanting to obtain the Vanguard badge:
Just stake $100,000 $HUMA in @Huma Finance 🟣 to qualify. The recent token price increase is considerable, it's recommended to pay attention to the entry timing.

Planning to deposit a little each month in new pools going forward, and see how much can be saved by the end of the year, just treating it like a high-end savings jar @Huma Finance 🟣
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Why is SIREN the AI leader on BNB Chain? Understand the new species of "crypto agents" in one article.Folks, have you noticed that the recent BNB Chain, under the support of Binance alpha, is booming like crazy, and the deeper reason lies in Big Brother's strong backing of the entire ecosystem? The rapidly developing BNB Chain is like a digital highway, carrying millions of transactions and smart contracts every day. As for 2025, what's hottest is the new species formed by the fusion of artificial intelligence and blockchain—AI Agent. Among them, SIREN acts like an intelligent navigation system on this highway, leading the new trend in crypto investment.

Why is SIREN the AI leader on BNB Chain? Understand the new species of "crypto agents" in one article.

Folks, have you noticed that the recent BNB Chain, under the support of Binance alpha, is booming like crazy, and the deeper reason lies in Big Brother's strong backing of the entire ecosystem? The rapidly developing BNB Chain is like a digital highway, carrying millions of transactions and smart contracts every day. As for 2025, what's hottest is the new species formed by the fusion of artificial intelligence and blockchain—AI Agent. Among them, SIREN acts like an intelligent navigation system on this highway, leading the new trend in crypto investment.
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#币安Alpha上新 In the current flattened state, what else can we do besides keeping up with the trends? Bird Uncle has summarized the recent rules for Binance Alpha's airdrops, and the next airdrop is expected to be for friends with a number ending in 7 or 0. On May 13, the points consumption mechanism will be announced, so the required points should not be too high, likely between 160-180, and it is very likely that claiming an airdrop will consume 30-50 points. Don't miss this opportunity, let's get to it, friends!
#币安Alpha上新

In the current flattened state, what else can we do besides keeping up with the trends?

Bird Uncle has summarized the recent rules for Binance Alpha's airdrops, and the next airdrop is expected to be for friends with a number ending in 7 or 0.

On May 13, the points consumption mechanism will be announced, so the required points should not be too high, likely between 160-180, and it is very likely that claiming an airdrop will consume 30-50 points.

Don't miss this opportunity, let's get to it, friends!
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Late-night reflections: How many rug coins have you bought by following trends on Twitter?When we open Alipay to check our "Sesame Credit Score" or submit a central bank credit report when applying for a mortgage, this practice of quantifying personal credit into a verifiable scoring system has already permeated the capillaries of modern life. The level of Sesame Credit score directly determines what kind of services we can enjoy; the higher the score, the more services we can experience without a deposit. Many newcomers inevitably encounter unscrupulous bloggers promoting so-called rug pulls on Twitter, or they put in a lot of effort to earn a project, only to be backstabbed by the project team. Such incidents happen frequently, leaving retail investors in a position where they can only suffer in silence.

Late-night reflections: How many rug coins have you bought by following trends on Twitter?

When we open Alipay to check our "Sesame Credit Score" or submit a central bank credit report when applying for a mortgage, this practice of quantifying personal credit into a verifiable scoring system has already permeated the capillaries of modern life.
The level of Sesame Credit score directly determines what kind of services we can enjoy; the higher the score, the more services we can experience without a deposit.
Many newcomers inevitably encounter unscrupulous bloggers promoting so-called rug pulls on Twitter, or they put in a lot of effort to earn a project, only to be backstabbed by the project team. Such incidents happen frequently, leaving retail investors in a position where they can only suffer in silence.
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#特朗普就职百日 The Wall Street Journal's so-called report about Tesla looking for a new CEO is simply outrageous, and Musk directly fired back. The chairman of the board also formally denied this news, reiterating full support for Musk... What exactly is this level of media aiming for with such fake news? To be honest, the credibility of The Wall Street Journal in technology reporting has plummeted in recent years, especially when it comes to news involving Musk, which always carries evident bias. The last earnings call incident was the same; the journalists' preset positions before asking questions were too obvious. At this stage for Tesla, changing leadership? What a joke. The mass production of 4680, FSD v12, and the progress of Optimus—aren't they all personally managed by Musk? If the board were to change leadership at this time, it would truly be a sign of foolishness... However, this wave of public relations response was indeed quite swift, it seems the lessons learned from the previous Twitter acquisition case were not in vain.
#特朗普就职百日

The Wall Street Journal's so-called report about Tesla looking for a new CEO is simply outrageous, and Musk directly fired back. The chairman of the board also formally denied this news, reiterating full support for Musk... What exactly is this level of media aiming for with such fake news?

To be honest, the credibility of The Wall Street Journal in technology reporting has plummeted in recent years, especially when it comes to news involving Musk, which always carries evident bias. The last earnings call incident was the same; the journalists' preset positions before asking questions were too obvious.

At this stage for Tesla, changing leadership? What a joke. The mass production of 4680, FSD v12, and the progress of Optimus—aren't they all personally managed by Musk? If the board were to change leadership at this time, it would truly be a sign of foolishness... However, this wave of public relations response was indeed quite swift, it seems the lessons learned from the previous Twitter acquisition case were not in vain.
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From TV dramas to reality: How FHE technology builds a new line of defense for privacy protectionFriends who often watch TV dramas know In many TV drama plots, we often see sinister villains resorting to unscrupulous means to steal others' privacy for personal gain—from infiltrating hospitals to steal medical records to illegally obtaining financial records, these dramatized techniques reflect the security risks in the real world. In today's world where blockchain technology is highly developed, personal privacy protection has become a core issue in the digital age. The breakthrough progress of Fully Homomorphic Encryption (FHE) technology provides a revolutionary solution to this problem. The security revolution of FHE technology

From TV dramas to reality: How FHE technology builds a new line of defense for privacy protection

Friends who often watch TV dramas know
In many TV drama plots, we often see sinister villains resorting to unscrupulous means to steal others' privacy for personal gain—from infiltrating hospitals to steal medical records to illegally obtaining financial records, these dramatized techniques reflect the security risks in the real world.
In today's world where blockchain technology is highly developed, personal privacy protection has become a core issue in the digital age. The breakthrough progress of Fully Homomorphic Encryption (FHE) technology provides a revolutionary solution to this problem.
The security revolution of FHE technology
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How does Huma lead the development of PayFi? — Deep reflections from paradigm innovation to ecological co-construction.1/n What is Huma? Huma Finance is described as the first Payment Financing (PayFi) network, aiming to accelerate global payments through blockchain technology, providing instant liquidity access. Its core idea is to leverage real-world payment flows to offer users permissionless DeFi yields, particularly embodied in the Huma 2.0 version launched on the Solana blockchain. Huma Finance's positioning is 'to provide income support DeFi for 99% of people', emphasizing inclusive finance. With the support of strategic partners such as Solana, Circle, Stellar Development Foundation (SDF), and Galaxy Digital, Huma has processed over $3.8 billion in transaction volume, delivering double-digit real returns to its LPs.

How does Huma lead the development of PayFi? — Deep reflections from paradigm innovation to ecological co-construction.

1/n What is Huma?
Huma Finance is described as the first Payment Financing (PayFi) network, aiming to accelerate global payments through blockchain technology, providing instant liquidity access. Its core idea is to leverage real-world payment flows to offer users permissionless DeFi yields, particularly embodied in the Huma 2.0 version launched on the Solana blockchain. Huma Finance's positioning is 'to provide income support DeFi for 99% of people', emphasizing inclusive finance.
With the support of strategic partners such as Solana, Circle, Stellar Development Foundation (SDF), and Galaxy Digital, Huma has processed over $3.8 billion in transaction volume, delivering double-digit real returns to its LPs.
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It is estimated that the next round of TGE is coming, brothers. Remember to get the lending started.
It is estimated that the next round of TGE is coming, brothers. Remember to get the lending started.
加密鸟叔
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When DeFi Meets LEGO: How Lista Lending Restructures the Lending Rules of the Crypto World?
Hi, I'm Uncle Bird. Imagine there's an unmanned 'lending supermarket' downstairs in your building, where anyone can walk in and exchange their collection of game cards for pocket money, and even borrow a sum of money against their boba tea budget for the next three months in advance—this is the crypto world that Lista Lending is building. This new protocol, born on the BNB chain, transforms complex financial rules into LEGO blocks that anyone can assemble.
The 'parameter container' that breaks the governance deadlock
Adjusting interest rates at traditional banks is like moving a century-old tree: it requires layers of approval and expert validation, and by the time new policies are implemented, the market has already changed. In contrast, the rule-making in Lista Lending is like buying a LEGO set for children—when you open the box, the position of each block (collateral ratio/liquidation rules) is clearly labeled. A developer from Singapore likened it: 'In the past, changing a parameter on the Venus platform took 30 days for community voting; now it's like choosing a meal from a vending machine, where you can quickly assemble a 'gamer package' suitable for NFT collateral or an 'electricity futures package' for miners with just a click.'
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When DeFi Meets LEGO: How Lista Lending Restructures the Lending Rules of the Crypto World?Hi, I'm Uncle Bird. Imagine there's an unmanned 'lending supermarket' downstairs in your building, where anyone can walk in and exchange their collection of game cards for pocket money, and even borrow a sum of money against their boba tea budget for the next three months in advance—this is the crypto world that Lista Lending is building. This new protocol, born on the BNB chain, transforms complex financial rules into LEGO blocks that anyone can assemble. The 'parameter container' that breaks the governance deadlock Adjusting interest rates at traditional banks is like moving a century-old tree: it requires layers of approval and expert validation, and by the time new policies are implemented, the market has already changed. In contrast, the rule-making in Lista Lending is like buying a LEGO set for children—when you open the box, the position of each block (collateral ratio/liquidation rules) is clearly labeled. A developer from Singapore likened it: 'In the past, changing a parameter on the Venus platform took 30 days for community voting; now it's like choosing a meal from a vending machine, where you can quickly assemble a 'gamer package' suitable for NFT collateral or an 'electricity futures package' for miners with just a click.'

When DeFi Meets LEGO: How Lista Lending Restructures the Lending Rules of the Crypto World?

Hi, I'm Uncle Bird. Imagine there's an unmanned 'lending supermarket' downstairs in your building, where anyone can walk in and exchange their collection of game cards for pocket money, and even borrow a sum of money against their boba tea budget for the next three months in advance—this is the crypto world that Lista Lending is building. This new protocol, born on the BNB chain, transforms complex financial rules into LEGO blocks that anyone can assemble.
The 'parameter container' that breaks the governance deadlock
Adjusting interest rates at traditional banks is like moving a century-old tree: it requires layers of approval and expert validation, and by the time new policies are implemented, the market has already changed. In contrast, the rule-making in Lista Lending is like buying a LEGO set for children—when you open the box, the position of each block (collateral ratio/liquidation rules) is clearly labeled. A developer from Singapore likened it: 'In the past, changing a parameter on the Venus platform took 30 days for community voting; now it's like choosing a meal from a vending machine, where you can quickly assemble a 'gamer package' suitable for NFT collateral or an 'electricity futures package' for miners with just a click.'
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Strictly speaking, I am not a KOLThe work I do is also very web2. I haven't deliberately built a personal brand or sought extensive influence like those opinion leaders who have large followings on social media. I am more like an ordinary internet user and content creator, recording life and sharing experiences in my own way in the digital world. Perhaps I will write a tutorial to teach everyone how to interact with various valuable things, and occasionally I might write a blog to share my recent technical insights; I might answer a newbie's question on a forum to help him solve his confusion. But these actions are more out of interest and spontaneous sharing, rather than aiming to become a 'leader' in a certain field.

Strictly speaking, I am not a KOL

The work I do is also very web2. I haven't deliberately built a personal brand or sought extensive influence like those opinion leaders who have large followings on social media.

I am more like an ordinary internet user and content creator, recording life and sharing experiences in my own way in the digital world.

Perhaps I will write a tutorial to teach everyone how to interact with various valuable things, and occasionally I might write a blog to share my recent technical insights; I might answer a newbie's question on a forum to help him solve his confusion. But these actions are more out of interest and spontaneous sharing, rather than aiming to become a 'leader' in a certain field.
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Lu Xun and CannibalismI couldn't sleep, so I carefully looked at it all night and finally saw the words through the cracks: the whole book is written with two words - 'cannibalism' — Lu Xun. The on-chain PVP market is anxious. When lost in direction, I turned back to revisit Master Weituo's open-source sickle and carefully chewed on it, just like what Mr. Lu Xun said: the whole book is written with two words - 'cannibalism'. Think about it, the so-called white papers, governance frameworks, and DAO charters are just the scriptures of the new era's so-called moral teachings — every audit report boasts transparency, and every liquidity pool claims public, but upon delving into the cracks of its on-chain transaction flow, it is clearly just the two words 'cannibalism'.

Lu Xun and Cannibalism

I couldn't sleep, so I carefully looked at it all night and finally saw the words through the cracks: the whole book is written with two words - 'cannibalism' — Lu Xun.

The on-chain PVP market is anxious. When lost in direction, I turned back to revisit Master Weituo's open-source sickle and carefully chewed on it, just like what Mr. Lu Xun said: the whole book is written with two words - 'cannibalism'.

Think about it, the so-called white papers, governance frameworks, and DAO charters are just the scriptures of the new era's so-called moral teachings — every audit report boasts transparency, and every liquidity pool claims public, but upon delving into the cracks of its on-chain transaction flow, it is clearly just the two words 'cannibalism'.
Eth
Eth
Binance Square Official
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Binance will trial the new delisting mechanism with a community-driven approach and we now invite users to participate and vote on the first batch of Vote to Delist projects. Users can vote on projects with the Monitoring Tag that they wish to be delisted. 

How to Vote:
- Each user can vote for up to 5 projects in the Vote to Delist pool, and each verified account can only allocate one vote per project.
- Users must be logged in to their verified Binance accounts and hold a minimum of at least 0.01 BNB in their master accounts throughout the Voting Period for their votes to be eligible.

Vote Period: 2025-03-21 06:30 (UTC) to 2025-03-27 23:59 (UTC)

Participation is subject to eligibility based on the user's country or region of residence. More details.
Disclaimer: While we value and will take into consideration the vote results, the voting result will not be the sole deciding factor to determine the final delisting decision.. Monitoring of the project is still undergoing evaluation, and the decision will be determined by Binance based on our official review processes and standards. Additionally, the delisting timeline will depend on Binance's procedures.
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Deconstructing Chain Abstraction's Unique Position in CEX - Binance Alpha 2.0 Feature Analysis #币安Alpha2 Hi! I'm Uncle Bird, and I'm here to submit my assignment! The day before yesterday, when I saw Binance Alpha 2.0 launch, I was still skeptical; isn't this just another means of token listing? What's so special about it? Moreover, there might be regulatory and compliance issues behind it, so I didn't take the time to research it carefully. However, after personally trying out alpha trading on the exchange and capturing on-chain data yesterday, I realized that this is, isn't it the real representation of chain abstraction in CEX CDEX abstraction()? When users issue trading instructions on the Binance Alpha platform interface, the system automatically completes on-chain operations through smart contracts. The specific process is that the user's USDT funds are first transferred from the exchange account to a dedicated smart contract layer, which then purchases the specified tokens on a decentralized exchange (DEX) on behalf of the user, and stores the purchased tokens in a custody wallet specially set up for that token by the exchange. Once the entire process is completed, users can see the updated token balance in real-time on the exchange interface. This entire process retains the convenient operational experience of centralized exchanges while achieving transparency in on-chain trading through smart contracts. The core goal of traditional chain abstraction is to hide the underlying blockchain complexity and provide users with a unified interaction interface, while Binance Alpha creates a new type of hybrid architecture coordinator by superimposing the user experience of CEX, the transparency of DEX, and the interoperability of cross-chain protocols. Thinking in reverse, the trading architecture of Binance Alpha can be defined as CEX-oriented Chain Abstraction, that is, achieving chain abstraction of the operational process through the smart contract layer while maintaining the advantages of centralized custody. This paradigm innovation is reflected in: CEX user experience + DEX liquidity + cross-chain interoperability = hybrid architecture abstraction layer. In the future, CEX may evolve into a completely non-custodial chain abstraction solution, but the practice of Alpha at this stage is already an important milestone in this field.
Deconstructing Chain Abstraction's Unique Position in CEX - Binance Alpha 2.0 Feature Analysis #币安Alpha2

Hi! I'm Uncle Bird, and I'm here to submit my assignment! The day before yesterday, when I saw Binance Alpha 2.0 launch, I was still skeptical; isn't this just another means of token listing? What's so special about it? Moreover, there might be regulatory and compliance issues behind it, so I didn't take the time to research it carefully.

However, after personally trying out alpha trading on the exchange and capturing on-chain data yesterday, I realized that this is, isn't it the real representation of chain abstraction in CEX CDEX abstraction()?

When users issue trading instructions on the Binance Alpha platform interface, the system automatically completes on-chain operations through smart contracts. The specific process is that the user's USDT funds are first transferred from the exchange account to a dedicated smart contract layer, which then purchases the specified tokens on a decentralized exchange (DEX) on behalf of the user, and stores the purchased tokens in a custody wallet specially set up for that token by the exchange. Once the entire process is completed, users can see the updated token balance in real-time on the exchange interface. This entire process retains the convenient operational experience of centralized exchanges while achieving transparency in on-chain trading through smart contracts.

The core goal of traditional chain abstraction is to hide the underlying blockchain complexity and provide users with a unified interaction interface, while Binance Alpha creates a new type of hybrid architecture coordinator by superimposing the user experience of CEX, the transparency of DEX, and the interoperability of cross-chain protocols.

Thinking in reverse, the trading architecture of Binance Alpha can be defined as CEX-oriented Chain Abstraction, that is, achieving chain abstraction of the operational process through the smart contract layer while maintaining the advantages of centralized custody. This paradigm innovation is reflected in: CEX user experience + DEX liquidity + cross-chain interoperability = hybrid architecture abstraction layer.

In the future, CEX may evolve into a completely non-custodial chain abstraction solution, but the practice of Alpha at this stage is already an important milestone in this field.
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When we talk about the nefarious 'market makers', what exactly are market makers? What wrongful actions did the market makers in this incident commit?Imagine that you want to sell a Bitcoin on an exchange. If there are only a few sparse buy orders on the exchange's order book, and the bids are far from your expectations, you may face two choices: either sell at a lower price and incur a loss, or wait for someone to offer a high price, risking further price declines. Both situations point to one issue: the market lacks liquidity. The core task of market makers is to solve this problem. They act like stall owners at a market, simultaneously posting buy (Bid) and sell (Ask) quotes on the trading platform's order book, constantly adjusting prices. When a trader clicks 'buy', the market maker becomes the seller; when a trader 'sells', the market maker becomes the buyer. They earn a small profit through the bid-ask spread with each transaction. This seemingly 'small profit with high volume' model actually relies on vast amounts of high-frequency trading to amplify gains.

When we talk about the nefarious 'market makers', what exactly are market makers? What wrongful actions did the market makers in this incident commit?

Imagine that you want to sell a Bitcoin on an exchange. If there are only a few sparse buy orders on the exchange's order book, and the bids are far from your expectations, you may face two choices: either sell at a lower price and incur a loss, or wait for someone to offer a high price, risking further price declines. Both situations point to one issue: the market lacks liquidity.

The core task of market makers is to solve this problem. They act like stall owners at a market, simultaneously posting buy (Bid) and sell (Ask) quotes on the trading platform's order book, constantly adjusting prices. When a trader clicks 'buy', the market maker becomes the seller; when a trader 'sells', the market maker becomes the buyer. They earn a small profit through the bid-ask spread with each transaction. This seemingly 'small profit with high volume' model actually relies on vast amounts of high-frequency trading to amplify gains.
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VC or MEME? What do you choose?Regarding the complex game between VC coins and Meme coins that has been a hot topic recently, Psy believes that this is not only a confrontation between capital and emotions, but also a microcosm of mankind's eternal pursuit of "certainty" and "possibility". VC coins and meme coins (such as TRUMP, PEPE, TST, etc.) are labeled as opposite poles, but they actually reflect the competition for value definition rights at different stages of the market. VC coins build long-term value through private financing, technology narratives, and ecosystem construction, but the problem lies in the centralized power structure: venture capitalists acquire tokens at low prices in the early stages, and retail investors become "exit liquidity", causing the price of tokens to collapse after they are unlocked (such as the TIA and DYM cases).

VC or MEME? What do you choose?

Regarding the complex game between VC coins and Meme coins that has been a hot topic recently, Psy believes that this is not only a confrontation between capital and emotions, but also a microcosm of mankind's eternal pursuit of "certainty" and "possibility".
VC coins and meme coins (such as TRUMP, PEPE, TST, etc.) are labeled as opposite poles, but they actually reflect the competition for value definition rights at different stages of the market.
VC coins build long-term value through private financing, technology narratives, and ecosystem construction, but the problem lies in the centralized power structure: venture capitalists acquire tokens at low prices in the early stages, and retail investors become "exit liquidity", causing the price of tokens to collapse after they are unlocked (such as the TIA and DYM cases).
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