Key Market Insight Discrepancy on May 2nd - A Must-Read! | Alpha Morning Report
Top News
1. Bitcoin Surges Above $97,000
2. Strategy Plans to Raise Another $21 Billion to Buy Bitcoin
3. House Republicans to Release Draft Digital Asset Bill by May 6
4. Coinbase Announces Suspension of Movement (MOVE) Trading on May 15
5. ‘SOL Version of MicroStrategy’ DDC to Receive $24 Million Private Equity Investment to Buy More SOL
Articles & Threads
1. “RWA Perpetual Product Crisis: Why the GLP Model is Doomed to Fail RWA Perpetual?”
The current RWA perpetual products (such as Ostium) have seen a surge in usage, but the GLP-style liquidity model is unsustainable due to high funding rates, trader vs. LP zero-sum game, lack of hedging mechanisms, which limits platform expansion. In contrast, HyperLiquid performs better with a more flexible HLP model. In the future, if Ostium shifts to an order book model to reduce fees and improve market efficiency, only then can long-term healthy growth be achieved.
2. “Unveiling the Crazy Truth Behind the ADL Mechanism, Don't Let Exchanges Easily Take Your Money”
This article explains the Auto-Deleveraging (ADL) mechanism in the cryptocurrency market, particularly using the example of $MANEKI to illustrate how ADL compensates for underfunded market liquidations by forcibly closing profitable clients' positions. The article notes that ADL execution suffers from various opacities, such as price discrepancies and delayed execution. The author emphasizes the importance of understanding liquidation and ADL mechanisms for a deeper comprehension of the crypto market and encourages readers to provide feedback for improvement.
Market Data
Daily Market-wide Funding Heatmap (as reflected by the funding rate) and Token Unlocks
Data Source: Coinglass, TokenUnlocks
Funding Rate

Token Unlocks

You may also like

Who will own the most Bitcoin in 2026

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?

Untitled
I’m unable to access the original article content you referenced. Please provide specific details or another article so…

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

2% user contribution, 90% trading volume: The real picture of Polymarket

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers

Iran War Stalemate: What Signal Should the Market Follow?

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?

Insider Trading Alert! Will Trump Call a Truce by End of April?

After establishing itself as the top tokenized stock, does Ondo have any new highlights?

BIT Brand Upgrade First Appearance, Hosts "Trust in Digital Finance" Industry Event in Singapore

OpenClaw Founder Interview: Why the US Should Learn from China on AI Implementation
Who will own the most Bitcoin in 2026
A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
Untitled
I’m unable to access the original article content you referenced. Please provide specific details or another article so…
