Selected News
1. U.S. SEC Chairman: ETH is not a security
2. StablecoinX to invest $260 million to launch ENA treasury strategy, plans to list on Nasdaq under the code 'USDE'
3. SPK rises over 50% in 24 hours, market cap reaches $117 million
4. FTX’s freeze of $470 million in overseas claims sparks fierce opposition, requests extension to respond to creditors
5. Tornado Cash co-founder’s lawyer is considering filing for an invalid trial, questioning the evidence submitted by the government
Articles & Threads
1. (Next round of hundred-fold opportunities? Reviewing the most noteworthy unissued token Perp DEX dark horses for 2025)
Currently, Hyperliquid's second quarter airdrop is about to launch, and other rapidly growing new projects with strong team backgrounds and high expectations for token issuance are emerging. Rhythm BlockBeats will review five unissued token Perp DEX dark horses - they may have rapid growth, abundant resources, or support from star VCs, making them key projects that the 'haircut' army and contract players cannot miss in this round.
2. (Stablecoin Weekly | Three U.S. crypto regulatory bills passed, Citigroup and several banks announce involvement in the stablecoin business)
The U.S. Congress has passed three core bills with overwhelming votes for the first time, bringing crypto assets into the federal regulatory framework. The (GENIUS Act) establishes stablecoin reserve and redemption rules, the (CLARITY Act) defines market structure, and the (Anti-CBDC Act) restricts central bank issuance of digital currency. This clear and strategic regulatory combination will open doors for private issuance, delineating the boundaries between government and market, and providing a 'U.S. template' for global legislation. Clear policies have also accelerated the entry of traditional finance. Banks like Citigroup and JPMorgan have begun assessing the issuance of their own stablecoins, prioritizing tokenized deposits. Meanwhile, the capital markets are starting to reassess the fundamentals of on-chain enterprises. Following Circle's IPO, infrastructure companies with real cash flow, compliance paths, and revenue models may become the next alpha.
Market Data
Daily overall market funding heat (reflected by funding rates) and token unlocks
Data Source: Coinglass, TokenUnlocks
Funding Rate
Token Unlocks
