December 3rd update on operation records.

Recently, that Alpha check-in event from a major exchange is starting tonight at 9 PM, with an entry threshold of 242 points. I also took a quick look at the number of participants—compared to a week ago, nearly 100,000 people have disappeared. As of yesterday’s stats, there were 296,000 left, which is a loss of 10,000 in a single day. The cutoff score is also slowly dropping, which shows that a lot of people are starting to wait and see.

Speaking of macro factors, there were actually two signals on December 1st worth noting:
The Fed injected $1.35 billion into the banking system via reverse repo operations, which is the largest single-day liquidity operation since the pandemic. Although it’s short-term cash support, it stabilized the federal funds rate and offset some of the volatility caused by Japan’s rate hike.

The other is that expectations for a rate cut in December have resurfaced, and with the Fed chair changing next year, there’s definitely some room for speculation on the policy front. But honestly, the most critical thing is still market sentiment—this matters more than any news.

I’m not in the business of predicting markets, but I have to admit, this year’s Alpha events have directly wiped out a large chunk of traditional airdrop farming projects. The farming scene has really changed—now the mainstream plays are just prediction markets and things like Pepper.

Here’s a quick recap of Aster S3 returns:
Entered on October 21st, total of three weeks. The principal kept increasing each week, which made things a bit messy: 40,000 USDT in the first week, then gradually added more, reaching 120,000 USDT by the third week.

Costs: Slippage/losses of 16,837 USDT (Wallet 1 lost 8,112 USDT; Wallet 2 lost 8,721 USDT)
Airdrops: Total of 26,287.66 ASTER (Wallet 1 received 12,976.33; Wallet 2 received 13,311.33)

There are also some DEX points not included in the calculation—estimated to be worth 5,000–10,000 USDT, but it’s hard to value them for now.

As for the Alpha check-in, I still recommend sticking with it. A lot of people are waiting on the sidelines right now, but you know how the crypto space is—rotation happens at lightning speed, and what’s cold today could be hot tomorrow. No matter if it’s a bull or bear market, there’s always something new coming up. Just be patient and wait.

One last word: Don’t touch leverage/derivatives—seriously, don’t. Not everyone’s a chosen one. You could be right a hundred times, but with leverage, one mistake and you’re blown up on the spot.