Featured News
1. Aevo Pre-Launch has gone live on pump.fun (PUMP)
2. Buidlpad: The Sahara AI community investment phase has ended, raising over $74.5 million
3. Binance Alpha's mainstream trading users have been on the brink of losses for the past 30 days
4. The Hong Kong stock strategy acquired by 9GAG co-founder announced the purchase of 2440 SOL, with stock prices rising over 20%
5. New Alpha (VELO) airdrop data from Binance: 40% of accounts have sold, with single invoice earnings of approximately $51
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
POLYHEDRA
Today's discussions about POLYHEDRA primarily focus on the plummeting event of its network token $ZKJ, which dropped over 80% due to abnormal on-chain transactions and liquidity manipulation. This collapse is related to large holders withdrawing liquidity, triggering a liquidation waterfall, compounded by large-scale token unlocks. To stabilize the market, Binance announced it would adjust the calculation method for Alpha Points. This event has sparked widespread discussions about the sustainability of liquidity mining and the risks of speculative trading.
BYBIT
Today's topic on BYBIT mainly revolves around the announcement of its first on-chain decentralized exchange (DEX) 'Byreal' deployed on Solana. Byreal is expected to launch at the end of the month and is seen as part of the trend of integrating CEX (centralized exchanges) with DeFi (decentralized finance). CEXs like Coinbase, Binance, and BYBIT are actively launching 'on-chain CEX' solutions. Byreal adopts a mixed RFQ and CLMM routing model, aiming to enhance liquidity and trading efficiency. The community is widely interested in how this initiative will impact the competitive landscape between CEXs and DEXs, believing it will help bridge the gap between traditional finance and DeFi.
BNB
Today's discussions on Twitter about BNB primarily focus on its role within the Binance ecosystem, especially regarding the performance of liquidity pools related to Binance Alpha. Recent high-frequency trading of ZKJ and KOGE tokens on Binance Alpha has caused significant volatility, leading to a sharp price decline. This event highlights the risks of liquidity mining and the potential for market manipulation. Additionally, there are discussions mentioning the practicality of BNB as a Father's Day gift, its stable transaction fees, and its usage in various DeFi projects. Overall sentiment is polarized, with some users worried about its long-term value while others are optimistic about its potential as a strategic asset for Binance.
COINBASE
Coinbase has become a hot topic for sponsoring a U.S. military parade, sparking mixed reactions from netizens. Some views suggest this move aligns with American patriotism and is a strategic public relations operation; others criticize it as contrary to the decentralized spirit advocated by the crypto community. Additionally, Coinbase's recent actions in DEX trading and verification pool integration are interpreted as key steps towards further merging CeFi and DeFi, solidifying its core position in the crypto industry.
Featured Articles
1. (The Launchcoin ecosystem is warming up, reviewing the five major potential projects on the Believe platform)
Since May, $Launchcoin has nearly exploded with a 300-fold increase, and the ICM (Internet Capital Market) concept it represents has swept through major on-chain communities, becoming a new direction for market capital pursuit. However, traders quickly realized that high-market-cap leading tokens (like $goonc, $startup) are mostly narrative-driven projects lacking genuine product support, which goes against the original intention of the Believe platform. Moreover, with incidents like project deletions and founders going missing becoming frequent, doubts about the sustainability of the platform ecosystem represented by $Launchcoin have arisen. Subsequently, some quality projects have gradually stood out with clear product logic and stable operational rhythms, regaining community trust and boosting the sentiment around the platform token $Launchcoin, leading its market cap to exceed $200 million again. Therefore, deeply exploring projects within the Believe ecosystem that truly possess growth potential has become the key path for finding Alpha. This article will focus on five major potential projects and provide analysis and summaries.
2. (Stablecoin Privacy Paradox: How to Prevent Corporate Finances from 'Going Bare'?)
No hacking skills required. No internal permissions needed. Just public blockchain data and a few lines of Python scripts. This is the stablecoin privacy paradox of 2025. Stablecoins are achieving great success. The data is shocking: the usage of stablecoins on Base is no longer a niche experiment. Analysis from Token Terminal shows that in the first quarter of 2025 alone, the total transaction volume of L2 reached approximately $3.81 trillion—setting a historical record that exceeds the early growth curve of mainstream credit card networks. Against this backdrop, this article discusses the privacy issues in the stablecoin sector.
On-chain data
On-chain capital flow situation on June 16
