It's probably related to Binance Alpha, making it harder for second tier companies to make money. Exchanges mainly rely on knockoffs and contracts to make money. Bitcoin's rise alone cannot drive more knockoff market trends, and there are no more contract betting dogs. Therefore, outsiders look at Bitcoin's new high and think that everyone in the industry is making a lot of money, but in reality, based on the recent situation of Gate, the days of second tier exchanges do not look good. If there is no market trend in the future, large-scale layoffs are inevitable, and it is estimated that there will be more opportunities