🚨The voting for proposal AIP-596 to dissolve ApeCoin $APE DAO has officially started, aiming to reform the ApeCoin ecosystem and transfer assets and responsibilities to a new entity, ApeCo, formed by Yuga Labs, with voting ending on June 26.
🚨Cardano is facing renewed volatility as whales #dumped over 270 million ADA, valued at approximately $170 million, causing the token's price to slide from $0.71 to $0.62.
🔹The sell-off comes amid global geopolitical tensions and a controversial #proposal by Cardano founder Charles Hoskinson to convert $100 million worth of $ADA into $BTC and stablecoins.
🔹While some investors support the move to boost the network’s DeFi potential, others fear it could trigger more downward pressure.
🔹Hoskinson, however, dismissed those concerns, assuring that institutional OTC demand is strong enough to absorb the divestment without destabilizing the broader ADA market.
🚨Binance Alpha has #launched the Degen ($DEGEN) token. Eligible users with at least 245 Binance Alpha Points can claim an #airdrop of 13,862 DEGEN tokens starting from 15:00 (UTC+8) on June 14, 2025, via the Alpha event page. DEGEN is a reward token designed for Farcaster users.
🚨Cardano, CEO has Suggested converting $100M of $ADA reserves into Bitcoin and stablecoins USDA and USDM to enhance the ecosystem, addressing concerns over the current low stablecoin-to-TVL ratio.
🚨Quantitative investment firm Manifold is suspected of purchasing $2 million worth of $CRV , transferring 2 million $USDC to Binance two days ago and withdrawing 3.145 million CRV at a price of $0.63.
🚨Terra Classic has submitted a draft proposal for Market Module 2.0, aiming to #restart the swap mechanism between $USTC and $LUNC to enhance liquidity and stability.
🚨Financial reports reveal $TRUMP earned $57.35 million from his stake in World Liberty Financial (WLFI) last year, with his cryptocurrency wallet holding #WLFI tokens valued at $15.75 billion.
🚨Mantra faces a significant financial challenge with 91% of its investments in the 🔴red, as new wallets show reluctance to join, raising questions about $OM future.
🚨Matthew Sigel of VanEck #cautions against low-market-cap companies raising funds for token purchases like $XRP or $SOL , labeling such moves as likely 'pump-and-dump' schemes without disclosed anchor investors.