Chung Daily Note - 2025/6/12

Happy Thursday! Great things take time—trust the process and keep believing! 🙌

💡@infinex sKAITO airdrop is live, with eligible holders able to claim 100 million µPatrons based on the June 4, 2025 snapshot

Top 5 Mindshare on @arbusai

1. @virtuals_io - 3.64%

2. @privy_io - 2.73%

3. @KaitoAI - 2.22%

4. @Mira_Network - 1.71%

5. @defidotapp - 1.64%

Some highlights from today's note

🔸US PPI rises to 2.6%, below expectations; Core PPI at 3.0% vs. 3.1% expected

🔸GENIUS Act passes Senate Cloture vote, 68-30

🔸@sparkdotfi Ignition Phase 1 eligibility checker

Read More Below 👇

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📰 News

• US PPI rises to 2.6%, below expectations; Core PPI at 3.0% vs. 3.1% expected

• GENIUS Act passes Senate Cloture vote, 68-30

• @coinbase to Launch Perpetual Futures for U.S. Users

• Trident to raise $500M for $XRP treasury

• Alipay owner Ant International to seek stablecoin licenses in Hong Kong, Singapore as new rules start in August

• Japanese fashion firm ANAP Holdings boosts Bitcoin holdings by 50.56 BTC in two days, now totaling 153.46 BTC

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📖 Good Reads

• @yieldbasis - Eliminating Impermanent Loss Through Leveraged Liquidity

• @bedlamresearch @jesmros - Unpacking the Stablecoin Sandwich

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🎉 New Protocols

• @entravelcom

• @shoutdotfun

• @flipcash_app

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💰 Crypto Fundraising

• @hyperion_xyz (DeFi) - $TBD Strategic led by @OKX_Ventures

• @opentrade_io (DeFi) - 7m Strategic

• @OneBalance_io (Blockchain Service) - 20m Series A led by @blockchaincap @cyberFund_

• @footballdotfun (GameFi) - $TBD led by @6thManVentures

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💵 Airdrops

• @sparkdotfi Ignition Phase 1 eligibility checker

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💡Videos & Podcasts

• @0xResearch - The Last Mile Problem For Stablecoins | Analyst Round Table

• @leviathan_news - The Italian DeFi Mafia is Coming to ETH Milan

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😇 Opportunity

@Lombard_Finance is now the #1 BTC staking app, with LBTC supply surpassing all other Staked BTC combined. Top 100 holders = BTC whales here for yield

That's all!