Former Binance listing employee: Market makers are blatantly malicious, and no one looks at the long term. On February 9, Chase, a former member of Binance's listing team, pointed out in an interview with Yuzheng Sun from the Class Representative channel that the valuation system of Crypto is mainly composed of liquidity, attention, and chip structure. These three factors determine the short to medium-term trends of assets over 7 days to 3 months, and no one looks at the long term. He emphasized that market pricing entities, such as market makers, only care about short-term profits rather than value, leading to a lack of long-term selection in the market. In addition, since Crypto has not yet been defined as a Security, the lack of regulation has led many to start engaging in malicious behavior, with market makers' control being "extremely blatant, and everyone has stopped pretending." Binance co-founder He Yi responded that Chase's position is BD, not a listing manager with decision-making power. At Binance, the listing team responsible for analysis is completely isolated from the BD team responsible for communication and contract signing. Source: Class Representative