I have a bold take: all Chinese-run crypto exchanges are essentially a "digital Forbidden City," where exchange bosses can be treated as "emperors," and all exchange drama can be understood as "court politics." The "Court Politics" of Crypto Exchanges: Power Struggles and Loyalty Games I have a bold take: all Chinese-run crypto exchanges are essentially a "digital Forbidden City," where exchange bosses can be treated as "emperors," and all exchange drama can be understood as "court politics."...

Internet brokerages are "embracing crypto," while crypto exchanges are "breaking boundaries." Yesterday, Futu Securities announced the launch of Bitcoin, Ethereum, and USDT deposit services, allowing users to directly transfer crypto assets into their accounts, bridging the funding channel between the crypto world and the stock market. On the other hand, crypto exchanges are no longer confined to their niche ecosystems but are expanding into payment scenarios, with some platforms even incorpo...

The market has been on a downward spiral, with many altcoins reaching a point where they can't fall any further, leading many to believe that a bear market has arrived. The market adjustment period is often a stage where risks are concentrated and released, but it also presents an opportunity for investors to enhance their knowledge and build strength. Reviewing this market cycle, the exit strategies of various manipulators have been diverse and intricate, and the carefully designed methods o...

1. Points and Psychology Points are a structured way to measure and reward user engagement and loyalty within an ecosystem. They provide a framework for tracking activities and incentivizing behaviors that align with project growth goals, such as interacting with the platform or contributing to the community. In the context of an airdrop, points typically determine eligibility and allocation amounts, turning what would otherwise be a random reward into an interactive process that fosters comp...