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Rhythm Evening News｜A list of important information in the crypto industry on May 29
Summarized by AI
Andrew Kang: The rise of MEME tokens is no longer an indicator of the market's peak
Andrew Kang, co-founder and partner of crypto venture capital firm Mechanism Capital, posted on social media, "The rise of MEME tokens is no longer an indicator of the market's peak, because MEME tokens are no longer the last link as a sector. In fact, they are the most trusted sector for new capital allocators. Memes have and will continue to lead the market."
Defiance founder: The points plan is just a large-scale PUA strategy for the project
Arthur Cheong, founder and CEO of DeFiance Capital, posted: "All these points plans are just large-scale PUA strategies for the project team. In DeFi Summer, it can't beat actual token incentives. Pacman's Blur created points for the more vulnerable NFT community, and now all project founders are copying these strategies, and I won't support such a thing.
Give people a bunch of garbage points, opaquely disclose the total supply, and can devalue at will, while projects continue to collect revenue from their usage and can use this indicator to raise large VC funds. "
Optimism and Base Network TVL gap narrowed to only $800 million
According to L2beat data, the current Optimism network total locked volume (TVL) is temporarily reported at $7.85 billion, a 7-day drop of 0.43%; while the Base network TVL recently jumped to $7.05 billion, a 7-day increase of 8.12%. The TVL gap between the two narrowed to only $800 million.
Data: Bitcoin spot ETFs have accumulated net inflows of more than $13.7 billion
According to Farside Investors data, Bitcoin spot ETFs have accumulated a net inflow of $13.7322 billion since their launch. Among them:
· IBIT has accumulated a net inflow of $16.4563 billion;
· FBTC has accumulated a net inflow of $8.7474 billion;
· GBTC has accumulated a net outflow of $17.7463 billion.
According to Dune data, the total revenue of the decentralized social protocol Farcaster has exceeded $1.5 million, currently reaching $1.52 million, and the total number of users has reached 421,522.
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Upbit will launch Bounce Token (AUCTION)
Upbit Korean Won market will add Bounce Token (AUCTION) assets. The trading support is expected to start at 17:50 on May 29.
Rune tokens generally rose, DOG•GO•TO•THE•MOON rose more than 38% in 24 hours
According to OKX market data, rune tokens generally rose, including:
DOG•GO•TO•THE•MOON is currently priced at 0.00596 US dollars, with a 24-hour increase of 38.83%;
LOBO•THE•WOLF•PUP is currently priced at 0.000973 US dollars, with a 24-hour increase of 27.41%;
The price of RSIC•GENESIS•RUNE is currently $0.00911, with a 24-hour increase of 10.63%.
Trump-themed Meme Coin TRUMP breaks through $15, setting a new record
According to market data, Trump-themed Meme Coin MAGA (TRUMP) breaks through $15 and is currently quoted at $15.2, a new record high, with a 24-hour increase of 26.09%.
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