Featured News
1. Spark has opened airdrop claims.
2. Binance Alpha has reported an average daily profit of approximately $14.6 from mainstream trading users' airdrops over the past 30 days.
3. Plasma: The deposit limit will no longer be increased, with a total cap of $1 billion.
4. Infini announced the cessation of Infini Card services, but core account functions remain unaffected.
5. pump.fun has sold approximately 4.1 million SOL since May 19, 2024, worth $741 million.
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
Today's discussion about PUMP focuses on the ban of PumpFun and its founder Alon on the X platform, which has triggered widespread concern and speculation within the crypto community. Many tweets express anger and call for the restoration of PumpFun's account, while others discuss the impact of such bans on the broader crypto ecosystem. Additionally, whether the upcoming PUMP token issuance will be affected has also become a focal point, with some users comparing this incident to similar historical account bans.
Today, discussions surrounding TRX mainly focus on Tron’s plan to go public in the U.S. through a reverse merger with the NASDAQ-listed company SRM Entertainment, with Eric Trump serving as an executive. This move comes after the SEC suspended its investigation into founder Sun Yuchen. It is said that this merger is supported by an investment bank closely related to Trump, and the merged Tron Inc. will emulate MicroStrategy by holding a significant amount of TRX assets. This news has sparked widespread discussion about its political and financial implications.
Discussions around HYPERLIQUID focus on its recent all-time high and its technical architecture, including HyperBFT, HyperCORE, and HyperEVM. Some question the risk-reward ratio at its current market value, but others emphasize its rapid growth potential to surpass ETH and SOL. The community is particularly excited about the composability and parallel processing capabilities offered by HyperEVM, seeing it as potentially revolutionary for on-chain finance. Additionally, the project's avoidance of traditional venture capital and adoption of an innovative decentralized finance path has become a topic of discussion.
XRPXRP has been driven by several favorable factors today, leading to increased attention. The most notable is the approval of the first XRP ETF launched by Purpose Investments, which will be listed on the Toronto Stock Exchange on June 18. Additionally, the U.S. has become the first country to use XRP for oil trading, while USDC has also been launched on the XRP Ledger, indicating a continued expansion of its adoption. Discussion topics also include potential listing plans for XRP and its role in the stablecoin ecosystem, as major companies like Amazon and Walmart are exploring stablecoin integration.
NOYANOYA has gained significant attention on Twitter for launching the 'Yapper Ranking', which allocates 5% of tokens to active participants, including Yappers, depositors, liquidity providers (LP), and referrers. The project utilizes ZKML technology and AI agents to manage cross-chain liquidity and provides additional rewards for $KAITO holders. The community is actively participating in discussions about its potential in the DeFi space and the latest advancements in technology and strategic partnerships.
Featured Articles
1. (Apart from the newly acquired listed company, what other enterprises and assets does Sun Yuchen own?)
'I measure a person by how much money they make.' This was said by Sun Yuchen eight years ago when he returned to China to start a business. He spoke it and indeed acted on it. Since becoming the legal representative of the 'Accompany Me App' in 2014, the pragmatic and almost ruthless Sun Yuchen has harbored a dream of a business empire in his heart, aiming to maximize the rules, leverage resources, and win his own game. Eight years later, Sun Yuchen has truly achieved nearly every businessman's greatest dream — going public. His latest deal is worth $100 million, involving a U.S. publicly listed company named SRM Entertainment, which successfully listed on NASDAQ through a reverse acquisition by Tron. At 35, Sun Yuchen is the head of a publicly listed company, and this 90s entrepreneur still has seven or eight notable companies and projects under his belt.
2. (The Pumpfun account is gone, and the cryptocurrency Twitter English community has also faced collective bans.)
Last night, the official Twitter account of Pump.fun and its founder Alon were banned. As of now, multiple cryptocurrency projects and founder accounts, including Gmgn and Bullx, have been banned without clear reasons given. In the face of this increasingly stringent blockade, the value of decentralized social networks is being reassessed. On-chain social protocols such as Farcaster and Lens Protocol are being frequently mentioned. However, these protocols are still in their early stages, and their user experience and mainstream influence are far from that of X, making it difficult to form an alternative in a short time. Nevertheless, as content creators step onto decentralized social platforms and gain more freedom over account ownership, this seems to be an anticipated trend amidst the inability to break free from the content platform trap and facing a severe regulatory environment.
On-chain Data
On June 17, on-chain capital flow situation.
