Selected News
1. Tron will go public in the U.S. through a 'shell' method and establish a strategy-like company with Trump's second son.
2. Binance Alpha rule changes: Alpha token trading and LP balances will no longer count towards points.
3. ZKJ surged to break $0.75 this morning, with a market cap returning to $179 million.
4. pump.fun and its founder's official X account encountered freezing.
5. Over the past 4 hours, the entire network has liquidated $195 million, mainly in long positions.
Articles & Threads
1. (Tron goes public, Brother Sun enters the crypto space in a 'reverse shell to buy coins' capital carnival)
Yesterday, Sun Yuchen will allow Tron to go public on NASDAQ through a reverse takeover. According to public information, this transaction involves a $100 million capital investment, complex capital structures including warrants and convertible preferred shares, and after the transaction is completed, SRM will be renamed 'Tron Inc.' and will begin holding TRX tokens as strategic assets for the company. The reverse acquisition of SRM Entertainment is not a precedent for Tron and Sun Yuchen. Prior to this, the crypto space had already seen a surge in the 'listing to buy coins' capital frenzy. A large number of crypto capital groups have crazily absorbed listed shell companies through reverse acquisitions and turned them into capital tools for financial hoarding and price inflation. From Bitcoin to SOL, ETH, XRP, seeing everyone playing so lively, Brother Sun finally couldn't hold back.
2. ($Launchcoin ecosystem warms up, reviewing the five potential projects of the Believe platform)
As incidents of project deletions and founders going missing become more frequent, the market has raised doubts about the sustainability of the ecosystem represented by $Launchcoin. Subsequently, some quality projects, backed by clear product logic and stable operational rhythms, have gradually stood out as coin prices warmed up, not only regaining community trust but also boosting the sentiment for the platform token $Launchcoin, causing its market cap to break through $200 million again. Therefore, deeply exploring projects within the Believe ecosystem that truly possess growth potential has become a key path to finding Alpha. This article will focus on five potential projects and provide analysis and summary.
Market Data
Daily overall market funding heat (reflected by funding rates) and token unlocking.
Data Source: Coinglass, TokenUnlocks
Funding Rate
Token Unlocking
