Top News

1. JD.com and Ant Group are proposing that the central bank approve a RMB-based stablecoin

2. David Sacks: The week of July 14th will be Crypto Week, with multiple crypto bills under consideration

3. CICC International and Shengli Securities both surged over 20% mid-day, after both received approval to provide virtual asset trading services

4. Jupiter Studio: Sniper Protection Mechanism supports users to set their own sniper tax

5. AEX (AnYin) Exchange Platform founder Huang Tianwei was released on bail in Thailand yesterday

Trending Topics

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

HANA: Today's discussion about Hana mainly focused on the Hana Network leaderboard expansion: from the original top 100 to the top 1000 participants, making it easier for small accounts to rank and receive rewards. The network, known for its dedication to building a fun and entertaining trading platform for young people, has been hailed as the "TikTok of the crypto world." Additionally, a funny incident occurred: due to an algorithm misreading a tweet about "Ghana," the Indian Prime Minister was mistakenly identified as the "top Web3 influencer." The community is also actively discussing the potential returns of the $HANA token presale and the upcoming airdrop for Kaito Yappers.

KAITO: Today, Twitter discussions about KAITO are focusing on the challenges and opportunities within the InfoFi ecosystem. Users are debating whether KAITO's algorithm can effectively reward genuine interaction rather than AI-generated content, with some suggesting that on-chain behavior should be combined with content quality to enhance the mechanism. The community is also exploring KAITO's positioning in the broader crypto market, and discussions on potential new features and airdrops that may be launched in the future are hot topics. Additionally, the importance of giving exposure to small accounts, as well as the value of genuine interaction versus AI-driven engagement, is being widely discussed.

INFINEX: Infinex gained broad attention today due to a $80,000 worth sweep of 17 Patron NFTs, causing its implied market cap to rise to $520 million. This action sparked discussions about the value and benefits bestowed by Infinex Patron, such as free swidges, early access features, and participation in exclusive communities. Fueled by this event, the floor price of the Patron NFT rose to 2 ETH, shifting market sentiment to bullish. Additionally, Infinex's integration capabilities with other DeFi applications and user-friendly interface are seen as significant attractive factors.

ECLIPSE: Today's discussion around ECLIPSE focused on the launch of the $ES airdrop lookup tool and the upcoming Token Generation Event (TGE). This airdrop elicited mixed reactions from the community: some users were excited about their allocation, while others expressed disappointment for not qualifying. Meanwhile, questions regarding the project team's management ability and past controversies have surfaced. Nevertheless, market expectations for the TGE remain high, with many users hoping for positive developments for the project.

M: MemeCore garnered attention for its listing on major exchanges like Binance Alpha, Kraken, and Bitget, as well as the airdrop of 1000 M tokens to eligible users. The community discussed various stages of the airdrop, high APR staking opportunities, and the potential of M as the native coin. The flagship Dapp MemeX launched M staking functionality and introduced $stM for PvP prediction games, which also became focal points. The overall discussion highlighted the community's high interest in M's ecosystem expansion and its innovative "Proof of Sh*t" mechanism.

Featured Articles

1. "Figma Scheduled to Have the Largest IPO in the U.S. this Year, Can You Buy Its Private Equity on Republic?"

In early July, leading brokerage Robinhood's "stock tokenization" plan drew attention. In addition, they also announced information about opening up "equity derivatives" for two unlisted companies, OpenAI and SpaceX. Prior to them, on June 25, crowdfunding investment platform Republic preemptively announced the sale of Mirro Token linked to the performance of Elon Musk's space company SpaceX's unlisted stock. Moreover, there were dozens of well-known "unlisted companies" options listed. How does this longstanding crowdfunding platform's mirrored token differ from Robinhood's "equity derivatives"? And how can we find opportunities on it?

2. "BitMine's Stock Price Surges 30x in Four Days, Sparking a Wave of ETH Reserves in the Stock Market"

On July 3, the stock price of the Bitcoin mining company BitMine (stock code: BMNR) surged over 130% in a single day. Since the company announced on June 30 that it would mainly raise funds to increase its ETH holdings, the stock price skyrocketed from $4 to $135 in a short period of time, a surge of over 30x. This astonishing trend not only led to a collective rise in concept stocks such as SharpLink (stock code: SBET) and Bit Digital (stock code: BTBT) but also hinted at a new market trend emerging— the rise of Ethereum-style micro-strategy, which is gradually sweeping the US stock market.

On-chain Data

On-chain Fund Flow on July 4

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