The fifth issue of "The Cryptocurrency Circle is Unguarded": In-depth discussion on market hot spots, exchange ecology and contract disputes

On the evening of March 28, the fifth episode of "Unguarded Cryptocurrency" hosted by Techub News arrived as scheduled. This episode continued the open discussion style. The hosts, Brother Qie and Krystal, and the guests, Big Cousin (HTX DAO), Benny (founder of RITD Labs), and OilManCoin (OMC community representative) had an in-depth dialogue on recent market hotspots, exchange ecology, and industry disputes. The following is a summary of the core views of this episode.

Topic 1: Tracks and projects that are promising in the near future

Huobi HTX DAO: Ecological Revival and User Incentives

As a representative of HTX DAO, Big Cousin shared the recent developments of Huobi. Since Justin Sun took over, Huobi has regained attention through a series of activities, such as the "Three Fattys" community incentives and USDD 2.0 upgrades. He emphasized that HTX DAO is attracting developers and users through decentralized governance, especially Justin Sun's Forbes cover event and high-value reward activities, which further promoted the recovery of platform traffic. Big Cousin revealed that his personal monthly income from HTX exceeds 25,000 US dollars, and called on users to abandon stereotypes and experience the new features of the platform.

RITD Labs: Focusing on Alpha Opportunities on the Chain

Benny transitioned from the traditional communications industry to the crypto space, and gained experience through mining and DeFi interactions in the early days. He mentioned that RITD Labs is currently focusing on mining early projects on the chain, especially Meme coins and innovative protocols on the BNB chain. Benny believes that although the narrowing of the information gap has led to intensified competition, toolization (such as robot fundraising) and community consensus are still the key. He took the recent Meme coin craze on the BNB chain as an example, pointing out that "speed pass culture" and community cohesion are the core of project survival.

OMC Community: Middle East Narrative and De-PVP Experiment

OilManCoin, a representative of the OMC community, shared the operating logic of its "Middle East concept" Meme coin. The community launched the project through a consensus of 2,000 people without pre-sale of tokens, emphasizing long-term operation rather than short-term speculation. He said that OMC tried to break the "PVP" model of traditional local dogs and reduce selling pressure through community co-governance and transparent token release rules. Although the BNB chain ecosystem is highly competitive, the Middle Eastern cultural symbols and low circulation design have won it a differentiated advantage.

Topic 2: Opportunities and Challenges of Binance Ecosystem

Alpha coin listing: traffic carnival and liquidity dilemma

The "Alpha Coin Listing" mechanism recently launched by Binance has sparked heated discussions. The guests agreed that the mechanism, through the combination of community voting and new issuance, will bring huge traffic to the BNB chain in the short term, but the batch issuance of new issuances will lead to serious capital diversion. Benny pointed out that most projects performed weakly after they were launched, such as CCSTAR and MUBARAK, which were very popular, but their prices quickly fell, reflecting the lack of market liquidity. Brother Qie added that Binance's move is similar to the "Innovation Zone Experiment" and aims to seize market share, but we need to be wary of overdrawing user trust.

Meme coin craze: consensus-driven and risky

BNB chain's Meme coin became the focus of discussion. The cousin shared his personal experience of the rise of the "Broccoli" community from scratch, emphasizing that IP operation and community cohesion are the key. However, the guests also warned of risks: most Meme coins rely on short-term speculation and lack fundamental support. OilManCoin mentioned that OMC tried to extend its life cycle through mechanisms such as locking tokens and community governance, but whether it can break through the "dog melee" remains to be seen.

CEX’s competitive logic: dynamic adjustment and user competition

Regarding Binance's recent actions, Benny analyzed that the essence of its strategy is to "maintain activity". Whether it is Launchpool or Alpha voting, the core is to continue to attract user attention. Brother Qie believes that Binance is facing the pressure of catching up with second-tier exchanges such as Matcha, and needs to balance innovation and risk. The cousin joked: "If Brother Sun is here, Huobi will definitely join the battlefield", implying that the competition among exchanges has entered a white-hot stage.

Topic 3: The Debate between Decentralized and Centralized Exchange Contracts

Hyperliquid incident: the game between transparency and centralization

Recently, the decentralized contract platform Hyperliquid has become the focus of attention due to the controversy of "pulling the plug". Benny analyzed from a technical perspective that although Hyperliquid claims to be transparent on the chain, the problem of node centralization makes it closer to "semi-centralization" in reality. He believes that this short-selling incident exposed the vulnerability of on-chain contracts - excessive transparency has become an attack vulnerability. Brother Qie pointed out that the privacy protection mechanism of CEX is more suitable for large transactions, while DEX is more suitable for small transparent operations.

The future of the contract market: coexistence of multiple parties and user choice

The guests generally believed that centralized and decentralized contracts will coexist for a long time. Big cousin took Huobi as an example to emphasize the risk control advantages of CEX in extreme market conditions; Benny was optimistic about the innovative potential of on-chain contracts, especially the privacy protection solution combined with ZK technology. OilManCoin concluded: "CEX seeks stability, DEX seeks change, and users' choice based on their needs is the kingly way."

Conclusion: The industry needs rationality and tolerance

This discussion highlights the diversity and contradictions of the crypto market: on the one hand, Meme coins and exchange innovations drive industry vitality; on the other hand, speculative bubbles and ecological involution cannot be ignored. As Brother Qie said: "A bull market requires tossing, but the direction of tossing determines the outcome." Whether it is a project party, an exchange or a user, only rational judgment and tolerance of trial and error can get through the fog of the cycle.