Key market intelligence on June 19, how much did you miss?

CN
4 hours ago

Selected News

  1. JD.com: Expects to obtain a license in early Q4 this year and launch JD stablecoin based on public chain

  2. Circle's current circulating shares account for less than 18% of total shares, with a market cap of approximately $7.253 billion

  3. Polymarket reports a 68% probability that "Pump.fun's TGE will have a market cap exceeding $4 billion within a day"

  4. Hacker group "Phishing Sparrow" publicly discloses source code and internal information of Iranian CEX Nobitex

  5. Binance will list Matchain (MAT), with at least 243 points users eligible for airdrop

Trending Topics

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

HANA: Today's discussion around HANAHANA mainly focuses on its participation in the Kaito Earn program and the launch of the Yapper leaderboard, which allocates 1.5% of the total token supply for rewards distribution. HANAHANA is referred to as a "super casual finance application" and dubbed the "crypto version of TikTok," incubated by Binance Labs and supported by HyperliquidX. Its TGE early bird sale has commenced, featuring a 0% cliff (no lock-up period) and no vesting period, with a fully diluted valuation of $400 million. The community shows strong interest in HANAHANA's potential to combine entertainment and crypto, as well as its strategic partnerships with several well-known investment institutions. ref0 ref1 ref2 ref3 ref4 ref5 ref6

EIGENLAYER: EigenLayer has gained widespread attention today due to the launch of the EigenCloud platform. EigenCloud is a verifiable cloud platform that combines large-scale programmability with blockchain-level trust assurance, seen as an important step in enabling developers to build complex applications with crypto-level verification capabilities, expanding the application boundaries of blockchain technology. a16z announced a $70 million investment in it, further highlighting its potential profound impact on the crypto ecosystem. ref0 ref1 ref2 ref3 ref4

APT: APT has sparked heated discussions today due to several significant developments. The mainstream South Korean exchange Upbit announced support for USDT on the Aptos network, which is expected to boost liquidity and adoption in the Korean market. Additionally, Aptos Labs launched a network update called "Baby Raptr," which reduces latency and enhances performance; meanwhile, Greg Nazario has been appointed as the head of developer relations at Aptos Labs, reflecting its ongoing strategy to deepen community building and innovation. These developments, combined with the expansion and collaboration within the Aptos ecosystem, have led to a sustained increase in its popularity and positive market sentiment. ref0 ref1 ref2 ref3 ref4 ref5 ref6

NANSEN: Nansen officially launched its first season of the Points Program today, becoming a focal point of discussion. This program encourages users to participate in the Nansen ecosystem through subscriptions, staking, and invitations to earn opportunities for future airdrops and exclusive rewards, including discounts and trial rights from partner platforms. This initiative has garnered widespread attention from the community, with multiple tweets emphasizing the program's appeal and the strategic partnerships Nansen has achieved to enhance user engagement.

Featured Articles

  1. Exclusive Interview with Infini Co-founder Princess: Why Did We Shut Down the U Card Business?

Once highly anticipated, crypto cards are increasingly labeled as "difficult" and "thankless." Compliance barriers, cross-border clearing, risk control… these issues, which seem to belong to traditional financial institutions, have become realities that these Web3 entrepreneurs must confront. Ultimately, Infini chose to terminate this business amid the investment of resources and business returns. What exactly happened behind the scenes? What specific challenges did the U Card business face in execution? Why are compliance costs so high? With these questions in mind, Rhythm BlockBeats interviewed Infini co-founder Christine (Princess), allowing us to see the full picture of this business adjustment through the perspective of a frontline operator.

  1. The Evolution of Web3 KOL Marketing: From Grassroots to Platforms, Which is More Effective?

My research aims to uncover how these institutions operate and their core KOL lists. · What are the criteria for selecting KOLs? · How large is their user base? · How do they assess audience quality? · How are tools like Kaito and Cookie DAO reshaping the KOL game in Web3?

On-chain Data

On-chain fund flow situation on June 19

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