Good morning. Recent market movements have been quite active, so I’ve compiled some observations.

First, regarding the RateX airdrop, it is now available for inquiry. Honestly, the return on investment is a bit underwhelming—most accounts received airdrops ranging from single digits to a few hundred. This project has a total token supply of 100 million, and considering its scarcity, the unit price is likely around $1.50. However, if the market is controlled and concentrated, a opening price of $5 is not impossible to see.

A few days ago, I mentioned a certain Space ICO, but later realized my judgment was incorrect. It was actually a KOL round, and the public round has already ended. Interested friends can stop paying attention to it.

Recently, I came across something interesting—a website called 0xsakura666 that can convert fortune-telling into candlestick charts. Of course, this is mainly for entertainment purposes, and the generation speed can be slow when there are many users. However, over years of trading cryptocurrencies, I’ve found that sometimes "metaphysics" can serve as a reference. Of course, I’m talking about things like Bazi (Four Pillars), which in essence is a form of data application.

Regarding the rumor about the suspension of a major exchange Alpha, some group members asked for my opinion. My attitude is simple—if they keep losing money, they stop; if not, they continue. No need for over-interpretation.

Some time ago, I mentioned that OnRe recently launched a points system. This is a genuine RWA project, with core business involving real-world reinsurance premiums combined with on-chain collateral yields, fully compliant architecture. Currently, the annualized return is around 10%. Those interested can explore further.

Another perspective is the investment tendencies of VCs. In an overall bearish market, which sectors and projects are institutions still investing in? This data has quite some reference value.

One last insight: more and more industry leaders are saying "we are at the bottom," which in turn suggests that it might not be the real bottom yet.