Top News

1. SAHARA Launches on Binance Alpha, Price at $0.145, Market Cap at $2.91 Billion

2. Guotai Junan International is Not the Only Chinese-funded Brokerage Firm Applying for a License, Several Hong Kong Local Brokerage Firms Have Completed License Upgrade to No. 1

3. "Hong Kong Digital Asset Development Policy Declaration 2.0" Released, Hong Kong Government Aims to Forge Hong Kong into a Global Innovation Center in the Digital Asset Field

4. The Current No. 1 License Upgrade Only Has Distribution Attributes, Chinese-funded Brokerage Firms Cannot Yet Build Their Own Cryptocurrency Trading Platforms

5. Huaxin Capital Holding Plans to Invest $100 Million to Develop Web3 Business and Invest in Cryptographic Assets

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

ANOMA: Due to its recent integration with KaitoAI, ANOMA has attracted widespread attention on X (formerly Twitter). The project announced that it will use 1% of its token supply to reward the most active speakers and Kaito ecosystem users. ANOMA is a "purpose-driven" blockchain platform where users do not need to focus on implementation details but only need to express the desired outcome to complete interactions. This innovative design, coupled with a Multi-Asset Privacy Pool (MASP) and interoperability without cross-chain bridges, has positioned ANOMA as a promising dark horse project in the Web3 space. ANOMA has raised over $60 million in funding, with investors including Polychain and CMCC among other well-known institutions, and is seen as a potential disruptor reshaping the decentralized application landscape.

MOONBERG: Discussion about MOONBERG mainly focuses on the launch of its new product, "MOONBERG Terminal," and the accompanying airdrop called "Stimmy." This airdrop is based on user social media activity, and many users were pleasantly surprised to find themselves eligible for the reward, which will be officially distributed at the Token Generation Event (TGE). While some people have high expectations for the reward value, others are more cautious, likening it to past airdrops that have been all talk and little action. The buzz around this discussion mainly stems from the novelty of the "play-to-earn" mechanism and its operational convenience.

ARB: Today's discussion about ARB is centered around its growing influence in the crypto ecosystem. Highlights include the launch of encryption collateralized loans by Arbitrum, the launch of the DIA Oracle Grant Program, and the excitement brought by the integration of the Yapyo leaderboard system with Arbitrum. Many users are looking forward to Yapyo replicating the success of past InfoFi projects with Arbitrum support. Additionally, Arbitrum's continued progress in cross-chain transactions and user growth is also a key point of discussion.

KAITO: Today's discussion about KAITO focuses on its collaboration with Anoma: Anoma will allocate 1% of the token supply for rewards, with 0.7% rewarding the most active speakers and 0.3% allocated to the Kaito ecosystem. This collaboration has garnered high community attention and further strengthened Kaito's influence as an InfoFi platform, especially in encouraging content creation and community interaction. Additionally, the Turtle-Kaito super combo has sparked interest in the "liquidity and attention alignment" concept, while KAITO's leaderboard mechanism continues to drive community engagement.

SUGARTOWN: Today's discussion about SUGARTOWN revolves around the newly launched "Abstract Badge" system. Users can obtain this badge by destroying Low or Energy cards on the platform, leading to active user participation and discussion. Meanwhile, the enthusiasm surrounding the WSOA Poker Preliminary Tournament hosted by Sugartown remains high, with many players hoping to advance to the final. The collaboration with AbstractChain and the ongoing release of new badge series have further fueled community interaction.

Featured Articles

1. "Behind the CRCL Pullback, Who Captured the Economic Value of USDC?"

The author's analysis is based on the recent market cap fluctuation of Circle, USDC revenue structure, and partnership. The background for this write-up is the passage of the GENIUS Act, which has brought renewed attention to the stablecoin race. Circle's market cap once surpassed $630 billion, exceeding the total value of USDC issued. Through on-chain data and public records, the author dissected Circle's current revenue structure, partnership with Coinbase, and cost structure. The author pointed out the sustainability pressure and growth concerns behind its high valuation, especially in the context of declining interest rates and intensifying competition, issuing warnings and prospects for the diversification of its business model.

2. "Silicon Valley vs. Washington, Polymarket and Kalshi's Life-and-Death Decision"

Recently, Kalshi announced the completion of a $185 million Series C funding round led by Paradigm, with a valuation soaring to $20 billion; at the same time, Polymarket is also preparing to complete a round of nearly $200 million in funding, surpassing a $10 billion valuation. The funding news in the prediction platform space inevitably evokes thoughts of intense competition and tension between platforms, an unfolding showdown surrounding the future of information pricing power.

On-Chain Data

June 26 Weekly On-Chain Fund Flow

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