We're going to see consumer finance cos battle it out like the streaming wars
While Netflix & HBO fight over mindshare of ppl in hours after dinner.. CB, Hood, and others will fight over what those same ppl trade on their phone
crypto, equities, memes, predictions, all in play
Chung Daily Note - 2025/6/6
Happy Friday! The weekend is near! Finish strong and celebrate your progress! 🚀
💡@LynexFi hosts @braveaprotocol's $ETHX public sale on June 10 (15 UTC), unlocking ETH use cases without direct ownership
Top 5 Mindshare on @arbusai
1. @circle - 2.97%
2. @virtuals_io - 1.97%
3. @NFCsummit - 1.77%
4. @opensea - 1.66%
5. @AbstractChain - 1.62%
Some highlights from today's note
🔸Apple, X, Airbnb, and Google are in early talks with crypto firms on stablecoin integration
🔸@X partners with @Polymarket as its official prediction market platform
🔸@skate_chain $SKATE checker is live!
Read More Below 👇
---
📰 News
• Apple, X, Airbnb, and Google are in early talks with crypto firms on stablecoin integration
• California law allows Bitcoin on exchanges for 3+ years to be claimed by the state
• India slashes rates by 50 bps, marking the steepest cut in 5 years
• @X partners with @Polymarket as its official prediction market platform
---
📖 Good Reads
• @ruiixyz - $CRCL: First stablecoin on NYSE analysis
• @PaulFrambot - @MorphoLabs Token Unification: Aligning Incentives Across the Ecosystem
---
🎉 New Protocols
• @aixfi_
• @its_all_zero
• @holdmoney_
---
💰 Crypto Fundraising
• @MMTFinance (Blockchain Service) - $TBD Strategic led by @OKX_Ventures
• @HashpowerX (Blockchain Infrastructure) - 4m Strategic led by @HashKey_Capital
---
💵 Airdrops
• @skate_chain $SKATE checker is live!
---
💡Videos & Podcasts
• @mrblocktw - Stop being the last one holding the bag—sell your coins! - Topic Discussion (Episode 1207)
• @theempirepod - Don’t Midcurve Circle and PumpFun | Weekly Roundup
---
😇 Opportunity
@infinex Yaprun Season One begins with a drop of 100M µPatrons to $KAITO stakers!
That's all!
Trump Introduces the One Big Beautiful Bill Pertaining to Huge Tax Breaks, Outraging Elon Musk and Hurting the Crypto Market!
Donald Trump's "One Big Beautiful Bill" is a sweeping tax and spending proposal that has sparked controversy, particularly among crypto enthusiasts and billionaire entrepreneur Elon Musk. The bill aims to extend the 2017 tax cuts and introduce new ones, including zero taxes on tipped wages and full, immediate deductions for business investments. However, critics argue that it would add $3.8 trillion to the national debt, bringing it to a staggering $36.2 trillion.
What's Behind the Controversy?
Elon Musk's Opposition: Musk has publicly slammed the bill, calling it a "disgusting abomination" and warning of an "unsustainable debt spiral". He believes the bill would burden American citizens with crushingly unsustainable debt.
Crypto Market Impact: The crypto market has taken a hit amid the controversy, with some investors expressing concerns about the potential economic impact of the bill.
Trump's Push: Despite opposition, Trump is pressuring the Senate to pass the bill, along with pro-crypto legislation, before the summer recess .
Key Provisions of the Bill
Tax Cuts: Extend 2017 tax cuts and introduce new ones, including zero taxes on tipped wages and full, immediate deductions for business investments.
Spending Increases: Boost spending for border security and defense.
Potential Consequences: Add $3.8 trillion to the national debt, potentially leading to an unsustainable debt spiral .
What's Next?
The bill's fate remains uncertain as the Senate deliberates. Trump wants the bill passed by July 4th, while Musk's criticism has added to the growing opposition. The outcome will likely have significant implications for the crypto market and the broader economy .#CryptoSecurity101