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June’s airdrop craze: from LayerZero to ZkSync In June, the blockchain world ushered in a wave of airdrops. Following LayerZero, ZkSync took over and launched an airdrop event. However, unlike LayerZero’s strict witch screening, ZkSync adopted a more relaxed standard, which triggered strong criticism from the community in terms of fund setting and project rules. Despite the constant controversy, ZkSync token ZK is still listed on exchanges such as Binance and Bitget. The fluctuation of token prices has pushed ZkSync to the forefront of public opinion. ZkSync, which is hailed as the "last hope" of Ethereum's L2 technology, failed to meet user expectations.  Airdrop expectations and constant controversy Backed by top capital, Matter Labs has raised $258 million through five rounds of financing since 2018. In this context, users are full of expectations for its token airdrops. However, the fund retention threshold and complex multiplier effect of ZkSync airdrops have caused widespread controversy, and a large number of ordinary users have returned disappointed.  Community reaction and exchange actions   The airdrop announcement further intensified the community conflict. The project party decided the airdrop rules on its own, and the final right of interpretation belongs to the project party. This behavior that does not conform to the spirit of Web3 has caused strong dissatisfaction. Despite this, the airdrop application on June 17 still attracted a large number of users. In just 2 hours, more than 225,000 addresses received 45% of the airdrop tokens.   Despite the community's call for a boycott, exchanges such as Binance, Bithumb, and Bitget still launched ZK tokens. The price of ZK tokens quickly fell, but the exchanges still chose to launch them for the needs of traffic and market share.    Enlightenment of airdrops and future prospects   ZkSync's airdrop activities provide many inspirations. In the future, airdrops may pay more attention to factors such as fund retention, balance and retention time, and the threshold for individual airdrops will gradually increase. The surge in witch addresses also provides a negative example for other projects. How to balance witch prevention and fair distribution has become an important issue. For ZkSync, airdrops are just the beginning. Ecological construction and profitability are its future focus. Although its TVL and Gas revenue have increased, there is a lack of top DAPPs and its revenue capacity has declined. The future challenge is to enhance the vitality of the ecosystem and profitability, but time is not enough. #内容挖矿
June’s airdrop craze: from LayerZero to ZkSync

In June, the blockchain world ushered in a wave of airdrops. Following LayerZero, ZkSync took over and launched an airdrop event. However, unlike LayerZero’s strict witch screening, ZkSync adopted a more relaxed standard, which triggered strong criticism from the community in terms of fund setting and project rules.

Despite the constant controversy, ZkSync token ZK is still listed on exchanges such as Binance and Bitget. The fluctuation of token prices has pushed ZkSync to the forefront of public opinion. ZkSync, which is hailed as the "last hope" of Ethereum's L2 technology, failed to meet user expectations.


 Airdrop expectations and constant controversy

Backed by top capital, Matter Labs has raised $258 million through five rounds of financing since 2018. In this context, users are full of expectations for its token airdrops. However, the fund retention threshold and complex multiplier effect of ZkSync airdrops have caused widespread controversy, and a large number of ordinary users have returned disappointed.

 Community reaction and exchange actions
 
The airdrop announcement further intensified the community conflict. The project party decided the airdrop rules on its own, and the final right of interpretation belongs to the project party. This behavior that does not conform to the spirit of Web3 has caused strong dissatisfaction. Despite this, the airdrop application on June 17 still attracted a large number of users. In just 2 hours, more than 225,000 addresses received 45% of the airdrop tokens.
 
Despite the community's call for a boycott, exchanges such as Binance, Bithumb, and Bitget still launched ZK tokens. The price of ZK tokens quickly fell, but the exchanges still chose to launch them for the needs of traffic and market share.
 
 Enlightenment of airdrops and future prospects
 
ZkSync's airdrop activities provide many inspirations. In the future, airdrops may pay more attention to factors such as fund retention, balance and retention time, and the threshold for individual airdrops will gradually increase. The surge in witch addresses also provides a negative example for other projects. How to balance witch prevention and fair distribution has become an important issue.

For ZkSync, airdrops are just the beginning. Ecological construction and profitability are its future focus. Although its TVL and Gas revenue have increased, there is a lack of top DAPPs and its revenue capacity has declined. The future challenge is to enhance the vitality of the ecosystem and profitability, but time is not enough.
#内容挖矿
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Analysis of the 200-300 gaming platform MGC & stablecoin Tribe dual projectsToday we continue to talk about 2 projects, which are also in the 200-300 range. The first one, MGC, is a game platform coin, and the second one is a stable coin Tribe project. Let me first say that these two projects currently have problems and are not highly recommended. 1. The MGC project was launched in March this year. It has increased 15 times and its market value has reached 300 million US dollars, ranking 240+. It is also a blockchain game platform, but it currently has no products. You can think that it is in the bragging stage. The biggest point is that it is on the Binance chain and is claimed to be invested by Binance. I don’t know whether it is true or not, but this is also its biggest highlight at present. The rest are all complaints, because there is no product, the team is anonymous, the white paper is poorly written, and github is not public.

Analysis of the 200-300 gaming platform MGC & stablecoin Tribe dual projects

Today we continue to talk about 2 projects, which are also in the 200-300 range. The first one, MGC, is a game platform coin, and the second one is a stable coin Tribe project. Let me first say that these two projects currently have problems and are not highly recommended.
1. The MGC project was launched in March this year. It has increased 15 times and its market value has reached 300 million US dollars, ranking 240+. It is also a blockchain game platform, but it currently has no products. You can think that it is in the bragging stage. The biggest point is that it is on the Binance chain and is claimed to be invested by Binance. I don’t know whether it is true or not, but this is also its biggest highlight at present. The rest are all complaints, because there is no product, the team is anonymous, the white paper is poorly written, and github is not public.
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Focus next week: 1. June 19, 2024: The United States celebrates Juneteenth National Independence Day, and the U.S. stock market will be closed for one day. 2. June 17, 2024: APE worth $16.84 million will be unlocked, accounting for 1.56% of the total supply. 3. June 22, 2024: ID worth $43.6 million will be unlocked, accounting for 3.924% of the total supply.   Weekend review: 1. Bloomberg analyst: Ethereum spot ETF is expected to be launched ahead of schedule on July 2. 2. Arthur Hayes: Dogecoin ETF may be launched at the end of this cycle. 3. VanEck Bitcoin ETF will be listed on the Australian Exchange on Thursday. 4. Deribit: The Ethereum ETF timeline is advanced and the certainty is increased. It is now an excellent opportunity to buy call options. 5. June: The U.S. spot Bitcoin ETF has a net inflow of 17,134 BTC. 6. Forbes: It is estimated that Zhao Changpeng personally holds 64% of the circulating supply of BNB. 7. Forbes: Central banks around the world have begun to cut interest rates, which can support cryptocurrency prices. 8. Fed Kashkari: We need to see more evidence that inflation is cooling, and we may cut interest rates by the end of the year. 9. Market news: The US SEC seeks a $102.6 million settlement with Ripple. 10. El Salvador: Sees Bitcoin as a tool to get rid of dependence on fiat currencies such as the US dollar. 11. Vitalik: Recognizes TiTok AI for on-chain image storage. 12. Curve founder: Clarify misinformation related to the UwU Lend hack and CRV destruction. 13. Tesla investors: Sue Musk for transferring resources from Tesla to xAI. #内容挖矿
Focus next week:

1. June 19, 2024: The United States celebrates Juneteenth National Independence Day, and the U.S. stock market will be closed for one day.
2. June 17, 2024: APE worth $16.84 million will be unlocked, accounting for 1.56% of the total supply.
3. June 22, 2024: ID worth $43.6 million will be unlocked, accounting for 3.924% of the total supply.
 
Weekend review:

1. Bloomberg analyst: Ethereum spot ETF is expected to be launched ahead of schedule on July 2.
2. Arthur Hayes: Dogecoin ETF may be launched at the end of this cycle.
3. VanEck Bitcoin ETF will be listed on the Australian Exchange on Thursday.
4. Deribit: The Ethereum ETF timeline is advanced and the certainty is increased. It is now an excellent opportunity to buy call options.
5. June: The U.S. spot Bitcoin ETF has a net inflow of 17,134 BTC.
6. Forbes: It is estimated that Zhao Changpeng personally holds 64% of the circulating supply of BNB.
7. Forbes: Central banks around the world have begun to cut interest rates, which can support cryptocurrency prices.
8. Fed Kashkari: We need to see more evidence that inflation is cooling, and we may cut interest rates by the end of the year.
9. Market news: The US SEC seeks a $102.6 million settlement with Ripple.
10. El Salvador: Sees Bitcoin as a tool to get rid of dependence on fiat currencies such as the US dollar.
11. Vitalik: Recognizes TiTok AI for on-chain image storage.
12. Curve founder: Clarify misinformation related to the UwU Lend hack and CRV destruction.
13. Tesla investors: Sue Musk for transferring resources from Tesla to xAI. #内容挖矿
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Recently, Binance has exceeded 200 million registered users and held an AMA. Co-founder He Yi answered hot issues such as the coin theft incident, the contradiction of listing FDV large projects, and the standard of removing zombie coins. Coin theft incident Binance has implemented dual risk control, combining big data and manual confirmation. He Yi suggested that users avoid clicking on suspicious links and use the official wallet version to prevent asset theft. Contradictions of listing FDV large projects He Yi pointed out that high FDV projects lack mature business models, and Binance hopes to cooperate with teams with low valuations and actual business models. Users need to do their own research and avoid investing in air projects. Standards for removing zombie coins Binance regularly reviews the listed tokens, considering social media activity, product development, liquidity and negative news, and decides whether to remove them after meeting the regulatory requirements of various regions. Launchpool and MegaDrop project selection Binance selects projects focusing on quality and the long-term development of the team, helping the project party to obtain real users and provide benefits to Binance users. Stablecoin development Binance welcomes cooperation, but emphasizes the qualifications and capabilities of the partners. The stablecoin track needs support from multiple parties to operate well. Future development plan Binance is committed to popularizing blockchain technology, expanding the market scale, introducing more outside forces, and promoting the healthy development of the industry. Regulatory challenges Binance has established consensus and trust with regulators, found a way to coexist, and continued to actively embrace global supervision. User safety Security is a continuous process. Binance has invested heavily in security and continuously iterated security measures. He Yi suggested that users avoid clicking on suspicious links and keep their trading accounts safe. Market sentiment and rumors He Yi believes that rumors damage industry trust, and Binance will not steal from the inside and continue to work hard to ensure user safety. BNB growth space BNB is widely used on the Binance platform and has a destruction mechanism. In the future, it will promote blockchain technology into the lives of ordinary people. Views on AI Blockchain changes labor relations and interest distribution, and AI changes productivity. The application of AI in a multilingual environment can improve efficiency, and in the future it will improve productivity in design, marketing, and other aspects. #内容挖矿  
Recently, Binance has exceeded 200 million registered users and held an AMA. Co-founder He Yi answered hot issues such as the coin theft incident, the contradiction of listing FDV large projects, and the standard of removing zombie coins.

Coin theft incident
Binance has implemented dual risk control, combining big data and manual confirmation. He Yi suggested that users avoid clicking on suspicious links and use the official wallet version to prevent asset theft.

Contradictions of listing FDV large projects
He Yi pointed out that high FDV projects lack mature business models, and Binance hopes to cooperate with teams with low valuations and actual business models. Users need to do their own research and avoid investing in air projects.

Standards for removing zombie coins
Binance regularly reviews the listed tokens, considering social media activity, product development, liquidity and negative news, and decides whether to remove them after meeting the regulatory requirements of various regions.

Launchpool and MegaDrop project selection
Binance selects projects focusing on quality and the long-term development of the team, helping the project party to obtain real users and provide benefits to Binance users.

Stablecoin development
Binance welcomes cooperation, but emphasizes the qualifications and capabilities of the partners. The stablecoin track needs support from multiple parties to operate well.

Future development plan
Binance is committed to popularizing blockchain technology, expanding the market scale, introducing more outside forces, and promoting the healthy development of the industry.

Regulatory challenges
Binance has established consensus and trust with regulators, found a way to coexist, and continued to actively embrace global supervision.

User safety
Security is a continuous process. Binance has invested heavily in security and continuously iterated security measures. He Yi suggested that users avoid clicking on suspicious links and keep their trading accounts safe.

Market sentiment and rumors
He Yi believes that rumors damage industry trust, and Binance will not steal from the inside and continue to work hard to ensure user safety.

BNB growth space
BNB is widely used on the Binance platform and has a destruction mechanism. In the future, it will promote blockchain technology into the lives of ordinary people.

Views on AI
Blockchain changes labor relations and interest distribution, and AI changes productivity. The application of AI in a multilingual environment can improve efficiency, and in the future it will improve productivity in design, marketing, and other aspects. #内容挖矿
 
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What is the ultimate meaning of our cryptocurrency trading?The market has been falling recently, and the friends in the group are all upset, and their mentality is unstable. I have talked about the construction of mentality many times, but why can't people listen to me after talking so much? After all, we are all mortals. It must be painful to see our accounts losing money, because after all, most people come to make money, not to lose money. So we have to think about what is the ultimate meaning of our cryptocurrency trading? To make money? To learn? To have fun? In fact, most people speculate in cryptocurrencies to make money, but the truth is that most people cannot make money, but lose money. If you don’t believe me, ask everyone in various groups, have you made money so far? Only a few people who bought at the bottom of last year are still making money so far. Most of those who entered this year, especially after the BTC surge in February, have lost money so far. So everyone must remember that risk and return are proportional.

What is the ultimate meaning of our cryptocurrency trading?

The market has been falling recently, and the friends in the group are all upset, and their mentality is unstable. I have talked about the construction of mentality many times, but why can't people listen to me after talking so much? After all, we are all mortals. It must be painful to see our accounts losing money, because after all, most people come to make money, not to lose money.

So we have to think about what is the ultimate meaning of our cryptocurrency trading? To make money? To learn? To have fun?
In fact, most people speculate in cryptocurrencies to make money, but the truth is that most people cannot make money, but lose money. If you don’t believe me, ask everyone in various groups, have you made money so far? Only a few people who bought at the bottom of last year are still making money so far. Most of those who entered this year, especially after the BTC surge in February, have lost money so far. So everyone must remember that risk and return are proportional.
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Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said that the Ethereum ETF has actually been approved, and all that remains is to finalize the registration details at the staff level. Gensler reiterated his complaints about non-compliance in the cryptocurrency industry, refused to answer whether ETH is a commodity, and argued that the Commodity Futures Trading Commission (CFTC) is not yet ready to regulate the cryptocurrency market. In addition, CFTC Chairman Rostin Behnam also talked about the agency's efforts to ban prediction market election contracts. During a budget hearing on Thursday, Gensler told senators that final approval of the Ethereum ETF is expected to be completed this summer. During the hearing to defend the market regulator's budget, Gensler told a subcommittee of the Senate Appropriations Committee that the process is "going well" after preliminary approval of a group of ETFs. The SEC previously approved the first round of applications, but he said the final registration requirements - so-called S-1 filings - are now being processed at the "staff level." Once these documents are approved, the new ETFs can be listed, opening up a wider market for easily tradable funds that hold actual Ethereum, just like the earlier approved ETFs that hold Bitcoin spot. The SEC initially blocked applications for bitcoin ETFs until a federal court ruled that the agency had mishandled the process. Gensler said the SEC has since followed through on that decision and allowed them to go public. #内容挖矿
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said that the Ethereum ETF has actually been approved, and all that remains is to finalize the registration details at the staff level.

Gensler reiterated his complaints about non-compliance in the cryptocurrency industry, refused to answer whether ETH is a commodity, and argued that the Commodity Futures Trading Commission (CFTC) is not yet ready to regulate the cryptocurrency market.

In addition, CFTC Chairman Rostin Behnam also talked about the agency's efforts to ban prediction market election contracts.

During a budget hearing on Thursday, Gensler told senators that final approval of the Ethereum ETF is expected to be completed this summer. During the hearing to defend the market regulator's budget, Gensler told a subcommittee of the Senate Appropriations Committee that the process is "going well" after preliminary approval of a group of ETFs. The SEC previously approved the first round of applications, but he said the final registration requirements - so-called S-1 filings - are now being processed at the "staff level."

Once these documents are approved, the new ETFs can be listed, opening up a wider market for easily tradable funds that hold actual Ethereum, just like the earlier approved ETFs that hold Bitcoin spot. The SEC initially blocked applications for bitcoin ETFs until a federal court ruled that the agency had mishandled the process. Gensler said the SEC has since followed through on that decision and allowed them to go public. #内容挖矿
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Analysis of the most popular project type in the current market - dual projects of unowned currencies BNX & DOG (runes)Today we continue to analyze two projects in the top 200 by market value, one is the blockchain game platform on BNX BNB, and the other is the DOG Bitcoin chain rune project. The first project, BinaryX, is also a blockchain game platform on BNB. It has increased three times in one year, with a market value of 400 million US dollars, and FDV is 1.6 billion US dollars, ranking 150+. We must talk about the projects that have entered the top 200.   Introduction BinaryX is a GameFi and IGO platform, which currently has blockchain games such as CyberChess, CyberDragon, CyberLand, Matthew, etc. Currently, the platform games are also running on the BNB chain.

Analysis of the most popular project type in the current market - dual projects of unowned currencies BNX & DOG (runes)

Today we continue to analyze two projects in the top 200 by market value, one is the blockchain game platform on BNX BNB, and the other is the DOG Bitcoin chain rune project. The first project, BinaryX, is also a blockchain game platform on BNB. It has increased three times in one year, with a market value of 400 million US dollars, and FDV is 1.6 billion US dollars, ranking 150+. We must talk about the projects that have entered the top 200.

 
Introduction
BinaryX is a GameFi and IGO platform, which currently has blockchain games such as CyberChess, CyberDragon, CyberLand, Matthew, etc. Currently, the platform games are also running on the BNB chain.
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At the Federal Reserve's interest rate meeting, the Fed decided to keep interest rates unchanged. The only major change in the meeting statement was the wording of inflation progress, from "lack of progress" to "moderate further progress", reflecting the improvement in the latest consumer price index (CPI) data. The balance sheet reduction (QT Taper) will begin this month. The economic forecast has not changed much, but the inflation forecast has been slightly raised. The personal consumption expenditure (PCE) inflation data in May has reached 2.8%, which makes people mistakenly think that the inflation improvement has reached the target. The interest rate dot plot shows that 15 members believe that interest rates need to be cut this year, but there are differences on the number. Long-term interest rate forecasts have been raised continuously, although Powell downplayed its importance at the press conference. The dovish tendency in the press conference has weakened, mainly because the improvement in inflation data has changed the tone, making Powell appear more relaxed. The US stock market rose after the release of inflation data but then pulled back, while US Treasury yields and the US dollar index rebounded after a sharp drop. The author believes that the Fed may clarify the conditions for interest rate cuts in the second half of the year at the Jackson Hole meeting in August, when Powell will have more inflation data support. Key changes to the original statement Economic activity continued to expand steadily, with strong job growth and low unemployment. Inflation eased but remained high, and modest progress has been made in recent months toward the 2% inflation target. The committee decided to maintain the target range for the federal funds rate at 5.25% to 5.5% and continue to reduce its holdings of Treasury and agency securities. Economic Forecasts and Dot Plots The inflation forecast was slightly raised, and the interest rate forecast was raised accordingly. The long-term interest rate forecast was raised again by 0.2% after March. Seven members expected one rate cut this year, and eight expected two rate cuts. Conference details Powell emphasized that the long-term equilibrium interest rate is a theoretical concept and cannot be directly observed, but officials believe that interest rates will not return to the low level before the epidemic. The launch of easing will affect the financial market environment, but it is still uncertain how the market will price. The service industry has high inflationary pressure, high wage levels, commodity price fluctuations and rising import prices also need attention. #内容挖矿
At the Federal Reserve's interest rate meeting, the Fed decided to keep interest rates unchanged. The only major change in the meeting statement was the wording of inflation progress, from "lack of progress" to "moderate further progress", reflecting the improvement in the latest consumer price index (CPI) data. The balance sheet reduction (QT Taper) will begin this month.

The economic forecast has not changed much, but the inflation forecast has been slightly raised. The personal consumption expenditure (PCE) inflation data in May has reached 2.8%, which makes people mistakenly think that the inflation improvement has reached the target. The interest rate dot plot shows that 15 members believe that interest rates need to be cut this year, but there are differences on the number. Long-term interest rate forecasts have been raised continuously, although Powell downplayed its importance at the press conference.

The dovish tendency in the press conference has weakened, mainly because the improvement in inflation data has changed the tone, making Powell appear more relaxed. The US stock market rose after the release of inflation data but then pulled back, while US Treasury yields and the US dollar index rebounded after a sharp drop.

The author believes that the Fed may clarify the conditions for interest rate cuts in the second half of the year at the Jackson Hole meeting in August, when Powell will have more inflation data support.


Key changes to the original statement

Economic activity continued to expand steadily, with strong job growth and low unemployment. Inflation eased but remained high, and modest progress has been made in recent months toward the 2% inflation target. The committee decided to maintain the target range for the federal funds rate at 5.25% to 5.5% and continue to reduce its holdings of Treasury and agency securities.

Economic Forecasts and Dot Plots

The inflation forecast was slightly raised, and the interest rate forecast was raised accordingly. The long-term interest rate forecast was raised again by 0.2% after March. Seven members expected one rate cut this year, and eight expected two rate cuts.

Conference details

Powell emphasized that the long-term equilibrium interest rate is a theoretical concept and cannot be directly observed, but officials believe that interest rates will not return to the low level before the epidemic. The launch of easing will affect the financial market environment, but it is still uncertain how the market will price. The service industry has high inflationary pressure, high wage levels, commodity price fluctuations and rising import prices also need attention. #内容挖矿
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Today’s major cryptocurrency events: Zksync large-scale airdrop & price comparison forecast! IO.net peaks at launch? OK coin theft incidentToday, Bitcoin plummeted by 5%, and various altcoins plummeted by 10-20%. When I was updating the strategy for small currencies, I found that many small currencies had fallen to the level before Bitcoin fell to around 60,000 US dollars, but Bitcoin is still at 67,000, which shows that Bitcoin is very resistant to declines. This tells us that we must hold a certain amount of Bitcoin, which will allow you to be very comfortable throughout the bull market. Then let's talk about some recent events. One is that ZKsync finally airdropped. ZKsync is a super big wool. We learned about the airdrop last year and released 2 phases. The amount of this airdrop is still very large. Although there are stricter anti-witch measures this time, many studios still got a lot of wool. There is also IO.net listed on Binance. This project has also been mentioned. Everyone can do their own research. There is also the recent OK coin theft incident. First of all, let's look at the ZKsync airdrop (https://claim.zknation.io/ query address). ZKsync, one of the four kings of super Ethereum zero-knowledge proof L2, is finally going to issue coins. Although there are four major L2s in ZK, I personally think that ZKsync is the boss. STRK, which issued coins before, has collapsed, but ZKsync is leading in every aspect (technology, ecology, team, number of users). But I checked, I must have exchanged dozens of U in transaction fees at least, and I have done various cross-chain bridge projects, but I am not qualified. It's too rubbish. Then I looked at the rules of the airdrop. Later, I think the money was taken away by me to do other tasks, so I may not be qualified.

Today’s major cryptocurrency events: Zksync large-scale airdrop & price comparison forecast! IO.net peaks at launch? OK coin theft incident

Today, Bitcoin plummeted by 5%, and various altcoins plummeted by 10-20%. When I was updating the strategy for small currencies, I found that many small currencies had fallen to the level before Bitcoin fell to around 60,000 US dollars, but Bitcoin is still at 67,000, which shows that Bitcoin is very resistant to declines. This tells us that we must hold a certain amount of Bitcoin, which will allow you to be very comfortable throughout the bull market.
Then let's talk about some recent events. One is that ZKsync finally airdropped. ZKsync is a super big wool. We learned about the airdrop last year and released 2 phases. The amount of this airdrop is still very large. Although there are stricter anti-witch measures this time, many studios still got a lot of wool. There is also IO.net listed on Binance. This project has also been mentioned. Everyone can do their own research. There is also the recent OK coin theft incident. First of all, let's look at the ZKsync airdrop (https://claim.zknation.io/ query address). ZKsync, one of the four kings of super Ethereum zero-knowledge proof L2, is finally going to issue coins. Although there are four major L2s in ZK, I personally think that ZKsync is the boss. STRK, which issued coins before, has collapsed, but ZKsync is leading in every aspect (technology, ecology, team, number of users). But I checked, I must have exchanged dozens of U in transaction fees at least, and I have done various cross-chain bridge projects, but I am not qualified. It's too rubbish. Then I looked at the rules of the airdrop. Later, I think the money was taken away by me to do other tasks, so I may not be qualified.
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Today at 20:30 China time, the US May CPI data was released. The current expected value is 3.4%. If the published value is greater than the expected value, BTC will fall, and the current probability is as high as 68%. APT worth $93.53 million will be unlocked today, accounting for 1.131% of the total supply. Yesterday review (June 11): 1. The market fell: BTC fell 5%, ETH fell 7%. Pay attention to the release of CPI data tonight. 2. Binance's new project Launchpool: IO.NET trading is open, and the opening price once reached $5.88, and is currently $4.2. 3. OKX Star responded to the security incident: For asset losses caused by OKX itself, full compensation will continue. 4. Federal Reserve interest rate decision: The probability of maintaining interest rates unchanged this week is 99.4%. 5. Bitcoin spot ETF: Net outflow for the first time after net inflows in the past 19 days. 6. HashKey platform premium: BTC/USD trading pair has a large premium. 7. PancakeSwap: Burned more than 8.9 million CAKE, worth about $23 million. 8. zkSync: The token airdrop claim schedule may change. 9. BitMEX co-founder: Locked 1.65 million PENDLE again. 10. Vitalik: Looking forward to more L2 joining Stage 1. 11. Musk withdraws the lawsuit: Actively withdraws the lawsuit against OpenAI.
Today at 20:30 China time, the US May CPI data was released. The current expected value is 3.4%. If the published value is greater than the expected value, BTC will fall, and the current probability is as high as 68%.
APT worth $93.53 million will be unlocked today, accounting for 1.131% of the total supply.

Yesterday review (June 11):

1. The market fell: BTC fell 5%, ETH fell 7%. Pay attention to the release of CPI data tonight.
2. Binance's new project Launchpool: IO.NET trading is open, and the opening price once reached $5.88, and is currently $4.2.
3. OKX Star responded to the security incident: For asset losses caused by OKX itself, full compensation will continue.
4. Federal Reserve interest rate decision: The probability of maintaining interest rates unchanged this week is 99.4%.
5. Bitcoin spot ETF: Net outflow for the first time after net inflows in the past 19 days.
6. HashKey platform premium: BTC/USD trading pair has a large premium.
7. PancakeSwap: Burned more than 8.9 million CAKE, worth about $23 million.
8. zkSync: The token airdrop claim schedule may change.
9. BitMEX co-founder: Locked 1.65 million PENDLE again.
10. Vitalik: Looking forward to more L2 joining Stage 1.
11. Musk withdraws the lawsuit: Actively withdraws the lawsuit against OpenAI.
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Here are the public companies that hold the most Bitcoin: 1. MicroStrategy MicroStrategy is a business analytics platform that uses Bitcoin as its primary reserve asset. As of May 2025, the company holds 214,400 Bitcoins, worth approximately $14.8 billion. CEO Michael Saylor personally holds 17,732 Bitcoins, worth more than $1.2 billion. 2. Marathon Digital Holdings Inc. Marathon Digital is a Bitcoin mining company that holds 17,631 Bitcoins (worth approximately $1.23 billion as of May 2024). The company is committed to becoming one of the largest Bitcoin mining operators in North America. 3. Tesla Tesla purchased $1.5 billion worth of Bitcoin in 2020. As of May 2024, Tesla holds 9,720 Bitcoins, worth approximately $677 million. Musk said that once Bitcoin mining uses 50% clean energy, Tesla will resume accepting Bitcoin payments. 4. Hut 8 Mining Corp Hut 8 is a Bitcoin mining company that holds 9,109 Bitcoins, worth approximately $644 million at current prices. The company generates fiat currency revenue from its Bitcoin reserves and is merged with US Bitcoin. 5. Riot Platforms, Inc. Riot Platforms holds 9,084 Bitcoins, worth approximately $643 million. The company is actively expanding its business, purchasing a one-gigawatt Bitcoin mining facility in Texas, and plans to expand further. 6. Coinbase Global, Inc. Coinbase is a well-known cryptocurrency trading platform that holds 9,000 Bitcoins in June 2024, worth approximately $642 million. 7. Galaxy Digital Holdings Galaxy Digital holds 8,100 Bitcoins, worth approximately $578 million. The company was founded by Michael Novogratz and is involved in multiple cryptocurrency projects. 8. Block, Inc. Block invested $50 million in Bitcoin in 2020. By June 2024, the company held 8,027 Bitcoins, worth approximately $573 million. The company is actively developing Bitcoin technology and products. 9. CleanSpark CleanSpark holds 6,154 Bitcoins, worth approximately $439 million. The company has expanded its business, acquired multiple mining facilities, and plans to expand further. 10. Bitcoin Group SE Germany-based Bitcoin Group SE holds 3,830 Bitcoins, worth approximately $275 million. The company's investments include the cryptocurrency trading platform Bitcoin.de and Futurum Bank.
Here are the public companies that hold the most Bitcoin:
1. MicroStrategy
MicroStrategy is a business analytics platform that uses Bitcoin as its primary reserve asset. As of May 2025, the company holds 214,400 Bitcoins, worth approximately $14.8 billion. CEO Michael Saylor personally holds 17,732 Bitcoins, worth more than $1.2 billion.
2. Marathon Digital Holdings Inc.
Marathon Digital is a Bitcoin mining company that holds 17,631 Bitcoins (worth approximately $1.23 billion as of May 2024). The company is committed to becoming one of the largest Bitcoin mining operators in North America.
3. Tesla
Tesla purchased $1.5 billion worth of Bitcoin in 2020. As of May 2024, Tesla holds 9,720 Bitcoins, worth approximately $677 million. Musk said that once Bitcoin mining uses 50% clean energy, Tesla will resume accepting Bitcoin payments.
4. Hut 8 Mining Corp
Hut 8 is a Bitcoin mining company that holds 9,109 Bitcoins, worth approximately $644 million at current prices. The company generates fiat currency revenue from its Bitcoin reserves and is merged with US Bitcoin.
5. Riot Platforms, Inc.
Riot Platforms holds 9,084 Bitcoins, worth approximately $643 million. The company is actively expanding its business, purchasing a one-gigawatt Bitcoin mining facility in Texas, and plans to expand further.
6. Coinbase Global, Inc.
Coinbase is a well-known cryptocurrency trading platform that holds 9,000 Bitcoins in June 2024, worth approximately $642 million.
7. Galaxy Digital Holdings
Galaxy Digital holds 8,100 Bitcoins, worth approximately $578 million. The company was founded by Michael Novogratz and is involved in multiple cryptocurrency projects.
8. Block, Inc.
Block invested $50 million in Bitcoin in 2020. By June 2024, the company held 8,027 Bitcoins, worth approximately $573 million. The company is actively developing Bitcoin technology and products.

9. CleanSpark
CleanSpark holds 6,154 Bitcoins, worth approximately $439 million. The company has expanded its business, acquired multiple mining facilities, and plans to expand further.

10. Bitcoin Group SE
Germany-based Bitcoin Group SE holds 3,830 Bitcoins, worth approximately $275 million. The company's investments include the cryptocurrency trading platform Bitcoin.de and Futurum Bank.
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According to SteamDB data, the free idle game "Banana" has performed well recently. As of the time of writing, the number of simultaneous online players has reached an astonishing 132,865, which has exceeded the peak of many well-made traditional 3A masterpieces. It is understood that the gameplay of this game is simply idle, during which various bananas may drop and be sold on the Steam market. The price of some rare bananas is very exaggerated.
According to SteamDB data, the free idle game "Banana" has performed well recently. As of the time of writing, the number of simultaneous online players has reached an astonishing 132,865, which has exceeded the peak of many well-made traditional 3A masterpieces.

It is understood that the gameplay of this game is simply idle, during which various bananas may drop and be sold on the Steam market. The price of some rare bananas is very exaggerated.
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New details are emerging about the person/people responsible for the Grand Theft Auto 6 game trailer leak. The trailer was posted on Twitter in December 2023 and was watermarked with "Buy $BTC". Last Thursday, cyber sleuth ZachXBT shared new information about the possible identity of the leaker, saying the trailer was obtained from YouTube through illegal means. The leaker shared the trailer via Twitter a day before its scheduled release, overlaid with the Bitcoin logo. "The Grand Theft Auto 6 trailer was leaked by a threat actor calling himself Skenkir," ZachXBT wrote on Twitter this week. "He purchased access to the YouTube admin panel, allowing him to watch unreleased videos in advance." ZachXBT also pointed out that Skenkir was involved in more than 40 high-profile SIM swap attacks, with victims including Ethereum co-founder Vitalik Buterin, musician Steve Aoki, and well-known cryptocurrency critic Peter Schiff. ZachXBT shared screenshots of Skenkir's online interactions before the trailer was leaked. Last December, an anonymous Twitter account named "Gta6trailerleak" shared a leaked trailer for Grand Theft Auto 6. Game developer Rockstar Games had planned to release the highly anticipated first trailer for the game the next day, but had to release it early due to a doctored low-resolution leak. After the trailer leaked, YouTube reportedly launched an internal investigation to find out whether the source of the leak came from the video platform's backend. "I understand that YouTube has investigated employees for breaching contractual agreements twice in the past 18 months due to employees accessing backend content," wrote Tom Henderson of Insider Gaming. If true, this would be the latest in a series of privacy and security issues for tech giants, following a Google employee accessing and publicly leaking private videos on Nintendo's YouTube account. Game leaks are not uncommon; in fact, games announced during Sony's recent PlayStation State of Play live event have leaked before. According to Dexerto's report, reports of backdoor access to YouTube accounts date back to 2013. YouTube and Rockstar Games did not immediately respond to Decrypt's request for comment.
New details are emerging about the person/people responsible for the Grand Theft Auto 6 game trailer leak. The trailer was posted on Twitter in December 2023 and was watermarked with "Buy $BTC".

Last Thursday, cyber sleuth ZachXBT shared new information about the possible identity of the leaker, saying the trailer was obtained from YouTube through illegal means. The leaker shared the trailer via Twitter a day before its scheduled release, overlaid with the Bitcoin logo.

"The Grand Theft Auto 6 trailer was leaked by a threat actor calling himself Skenkir," ZachXBT wrote on Twitter this week. "He purchased access to the YouTube admin panel, allowing him to watch unreleased videos in advance."

ZachXBT also pointed out that Skenkir was involved in more than 40 high-profile SIM swap attacks, with victims including Ethereum co-founder Vitalik Buterin, musician Steve Aoki, and well-known cryptocurrency critic Peter Schiff. ZachXBT shared screenshots of Skenkir's online interactions before the trailer was leaked.

Last December, an anonymous Twitter account named "Gta6trailerleak" shared a leaked trailer for Grand Theft Auto 6. Game developer Rockstar Games had planned to release the highly anticipated first trailer for the game the next day, but had to release it early due to a doctored low-resolution leak.

After the trailer leaked, YouTube reportedly launched an internal investigation to find out whether the source of the leak came from the video platform's backend.

"I understand that YouTube has investigated employees for breaching contractual agreements twice in the past 18 months due to employees accessing backend content," wrote Tom Henderson of Insider Gaming.

If true, this would be the latest in a series of privacy and security issues for tech giants, following a Google employee accessing and publicly leaking private videos on Nintendo's YouTube account.

Game leaks are not uncommon; in fact, games announced during Sony's recent PlayStation State of Play live event have leaked before. According to Dexerto's report, reports of backdoor access to YouTube accounts date back to 2013.
YouTube and Rockstar Games did not immediately respond to Decrypt's request for comment.
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Why has the zero-return project Jasmy increased more than ten times in half a year?Today we are going to talk about a garbage project that we missed before, but the price of the coin performed very well, and it is also a top 100 project. Why did I skip it before? Because I just took a rough look at it and thought it was garbage, and it was a Japanese project, so I didn’t talk about it. However, the performance of the coin price is not necessarily proportional to the quality of the project itself, so if you miss it, I have really watched it go from over 200 to the top 50. It is Jasmy, and its current market value is 2 billion US dollars. It has increased more than ten times this year, but in essence it just launched a website and has no products. It can be considered a meme project.

Why has the zero-return project Jasmy increased more than ten times in half a year?

Today we are going to talk about a garbage project that we missed before, but the price of the coin performed very well, and it is also a top 100 project. Why did I skip it before? Because I just took a rough look at it and thought it was garbage, and it was a Japanese project, so I didn’t talk about it. However, the performance of the coin price is not necessarily proportional to the quality of the project itself, so if you miss it, I have really watched it go from over 200 to the top 50. It is Jasmy, and its current market value is 2 billion US dollars. It has increased more than ten times this year, but in essence it just launched a website and has no products. It can be considered a meme project.
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McDonald’s Singapore launches “My Happy Place” metaverse   McDonald’s Singapore has partnered with entertainment media technology company Bandwagon to launch a metaverse called “My Happy Place”. The project aims to allow users to explore virtual worlds, collect digital collectibles, and win free food from McDonald’s for a year through weekly draws.   Three key points of the “My Happy Place” metaverse   In an interview, Clarence Chan, founder of Bandwagon Labs, pointed out that the metaverse has three main features:   1. Multiplayer interaction: Players can interact with other players in the virtual world.   2. Creative platform: Users can unleash their creativity in the metaverse.   3. Rich rewards: There are rich daily rewards and challenge mechanisms in the game to stimulate users’ enthusiasm for participation.   Clarence also added that Web3 technology enhances the platform’s security, functionality and practicality of digital collectibles. Wallet hosting services such as MetaMask are integrated to enable players to securely verify their identities and participate in activities that require specific tokens.  Real rewards and player interaction Clarence stressed that the lack of real rewards in the metaverse may disappoint players. To address this problem, Bandwagon Labs has designed a system that allows players to interact with friends in the virtual world and win real rewards, such as McDonald's fries, to achieve effective fan engagement.  Project operation and control It is reported that McDonald's has full control over the metaverse. The project will run for one month from June 6 to July 7, and the success of the project will determine future deployments or the continuation of services.  How to participate To participate in the "My Happy Place" metaverse, users need to: 1. Download the McDonald's International App. 2. Select Singapore in the region menu to access the platform. 3. Follow McDonald's Instagram account to track the latest news.  Weekly selfie tasks McDonald's announced earlier that users can win free food through weekly selfie tasks: 1. Enter the McDonald's App and check "My Happy Place" on the homepage. 2. Follow the weekly selfie task through Instagram Stories, complete the challenge and post a screenshot to Instagram, tag @mcdsg to qualify (account must be set to public).   3. Weekly winners will be announced through Instagram Stories.   Current rewards include $1 meals and digital collectibles in the Metaverse. Although rewards must be redeemed in Singapore, if the plan goes well in the future, it may be expanded to more countries and regions. Users can follow the official announcement for more details.
McDonald’s Singapore launches “My Happy Place” metaverse
 
McDonald’s Singapore has partnered with entertainment media technology company Bandwagon to launch a metaverse called “My Happy Place”. The project aims to allow users to explore virtual worlds, collect digital collectibles, and win free food from McDonald’s for a year through weekly draws.
 
Three key points of the “My Happy Place” metaverse
 
In an interview, Clarence Chan, founder of Bandwagon Labs, pointed out that the metaverse has three main features:
 
1. Multiplayer interaction: Players can interact with other players in the virtual world.
 
2. Creative platform: Users can unleash their creativity in the metaverse.
 
3. Rich rewards: There are rich daily rewards and challenge mechanisms in the game to stimulate users’ enthusiasm for participation.
 
Clarence also added that Web3 technology enhances the platform’s security, functionality and practicality of digital collectibles. Wallet hosting services such as MetaMask are integrated to enable players to securely verify their identities and participate in activities that require specific tokens.


 Real rewards and player interaction

Clarence stressed that the lack of real rewards in the metaverse may disappoint players. To address this problem, Bandwagon Labs has designed a system that allows players to interact with friends in the virtual world and win real rewards, such as McDonald's fries, to achieve effective fan engagement.

 Project operation and control

It is reported that McDonald's has full control over the metaverse. The project will run for one month from June 6 to July 7, and the success of the project will determine future deployments or the continuation of services.

 How to participate

To participate in the "My Happy Place" metaverse, users need to:

1. Download the McDonald's International App.

2. Select Singapore in the region menu to access the platform.

3. Follow McDonald's Instagram account to track the latest news.

 Weekly selfie tasks

McDonald's announced earlier that users can win free food through weekly selfie tasks:

1. Enter the McDonald's App and check "My Happy Place" on the homepage.
2. Follow the weekly selfie task through Instagram Stories, complete the challenge and post a screenshot to Instagram, tag @mcdsg to qualify (account must be set to public).
 
3. Weekly winners will be announced through Instagram Stories.
 
Current rewards include $1 meals and digital collectibles in the Metaverse. Although rewards must be redeemed in Singapore, if the plan goes well in the future, it may be expanded to more countries and regions. Users can follow the official announcement for more details.
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What is the prospect of relational L1 fantasy currency CHR?Today we continue to explain the projects ranked in the 200-300 range, which is also a Layer1-Chromia, an old project from 2019. Its current market value is only 270 million US dollars. It has only tripled from the lowest point this year to now, and its performance is relatively average. It is currently also a public chain focusing on chain games, Depin, NFT, RWA and other sectors. Introduction Chromia is a Layer-1 relational blockchain platform that allows developers to build and deploy decentralized applications (dapps) for large-scale, real-world use cases. Similar to sharding in Ethereum, each blockchain in Chromia is associated with a set of validator nodes, which is a subset of all nodes belonging to Chromia. This subset of nodes runs a Byzantine Fault Tolerant (BFT) consensus algorithm. Network consensus is further enhanced by anchoring Chromia’s transaction history to Proof-of-Work (PoW) blockchains such as Bitcoin and Ethereum - once a block is anchored, it is considered final.

What is the prospect of relational L1 fantasy currency CHR?

Today we continue to explain the projects ranked in the 200-300 range, which is also a Layer1-Chromia, an old project from 2019. Its current market value is only 270 million US dollars. It has only tripled from the lowest point this year to now, and its performance is relatively average. It is currently also a public chain focusing on chain games, Depin, NFT, RWA and other sectors.

Introduction
Chromia is a Layer-1 relational blockchain platform that allows developers to build and deploy decentralized applications (dapps) for large-scale, real-world use cases. Similar to sharding in Ethereum, each blockchain in Chromia is associated with a set of validator nodes, which is a subset of all nodes belonging to Chromia. This subset of nodes runs a Byzantine Fault Tolerant (BFT) consensus algorithm. Network consensus is further enhanced by anchoring Chromia’s transaction history to Proof-of-Work (PoW) blockchains such as Bitcoin and Ethereum - once a block is anchored, it is considered final.
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VanEck has set a new price target for 2030 for Ethereum’s native token, Ether (ETH): $22,000, which is a significant increase from the current price of about $3,850. The global investment firm has filed to list an ether exchange-traded fund (ETF), predicting that the ether ETF could become larger than the Bitcoin ETF. In a recent report, VanEck stated that the surge in ether prices is attributed to Ethereum’s disruptive power and the cash flow it creates for token holders. VanEck pointed out that Ethereum is disrupting the fields of finance, banking, payments, marketing, advertising, social networking, gaming, infrastructure and artificial intelligence. Their prediction is based on the Ethereum ETF being approved and the company’s judgment on “on-chain data.” “We expect spot Ether ETFs to be approved on U.S. stock exchanges soon,” the report said. "This development will allow financial advisors and institutional investors to hold this unique asset and benefit from the pricing and liquidity advantages of ETFs." VanEck believes that the main force pushing Ether to reach $22,000 is the lower cost, higher efficiency and greater transparency brought by Ethereum technology. According to VanEck’s analysis, this shift will shift a large amount of market share from traditional financial and technology institutions to blockchain-based solutions, with the total available market size of these traditional institutions reaching $15 trillion. In addition, VanEck predicts that free cash flow from revenue generated by holding Ether will reach $66 billion in 2030, which has also pushed Ether's valuation to its expected target. Ether prices have risen by more than 63% this year. #内容挖矿
VanEck has set a new price target for 2030 for Ethereum’s native token, Ether (ETH): $22,000, which is a significant increase from the current price of about $3,850.
The global investment firm has filed to list an ether exchange-traded fund (ETF), predicting that the ether ETF could become larger than the Bitcoin ETF. In a recent report, VanEck stated that the surge in ether prices is attributed to Ethereum’s disruptive power and the cash flow it creates for token holders.

VanEck pointed out that Ethereum is disrupting the fields of finance, banking, payments, marketing, advertising, social networking, gaming, infrastructure and artificial intelligence. Their prediction is based on the Ethereum ETF being approved and the company’s judgment on “on-chain data.”

“We expect spot Ether ETFs to be approved on U.S. stock exchanges soon,” the report said. "This development will allow financial advisors and institutional investors to hold this unique asset and benefit from the pricing and liquidity advantages of ETFs."

VanEck believes that the main force pushing Ether to reach $22,000 is the lower cost, higher efficiency and greater transparency brought by Ethereum technology.

According to VanEck’s analysis, this shift will shift a large amount of market share from traditional financial and technology institutions to blockchain-based solutions, with the total available market size of these traditional institutions reaching $15 trillion.

In addition, VanEck predicts that free cash flow from revenue generated by holding Ether will reach $66 billion in 2030, which has also pushed Ether's valuation to its expected target.
Ether prices have risen by more than 63% this year. #内容挖矿
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200-300 Range 15x Vanar and 25x TRB Dual Project ExplanationToday we continue to share two projects. One is the public chain Vanar, which has also increased 10 times this year. The other is the oracle TRB, which is also very popular and has increased more than 20 times this year. Although they have increased so many times, their current market capitalizations are relatively low. Vanar is only 300 million US dollars, and TRB is only 270 million, which is a long way from their top projects. 1. Habits This project was launched in 2020, and it has been around for many years. Last year, the lowest exchange rate was 0.019, and it reached 0.35 in March this year, which is about 15 times the previous value. The current market value is 310 million US dollars, and the overall FDV is only 600 million US dollars, ranking 240+.

200-300 Range 15x Vanar and 25x TRB Dual Project Explanation

Today we continue to share two projects. One is the public chain Vanar, which has also increased 10 times this year. The other is the oracle TRB, which is also very popular and has increased more than 20 times this year. Although they have increased so many times, their current market capitalizations are relatively low. Vanar is only 300 million US dollars, and TRB is only 270 million, which is a long way from their top projects.
1. Habits
This project was launched in 2020, and it has been around for many years. Last year, the lowest exchange rate was 0.019, and it reached 0.35 in March this year, which is about 15 times the previous value. The current market value is 310 million US dollars, and the overall FDV is only 600 million US dollars, ranking 240+.
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Pump.fun's performance in Solana's coin issuance boom Pump.fun has performed well in Solana's coin issuance boom, generating more than $30 million in revenue in just four months. However, this has been accompanied by problems such as user damage and live broadcast chaos. Trading volume and revenue statistics According to The Block Pro data, about 455,000 tokens were created on the Solana blockchain in May this year, most of which were MEME tokens. Dune data shows that as of June 4, Pump.fun has captured nearly 203,000 SOLs since its launch in February, with a total revenue of approximately $33.468 million. The number of MEME coins it has deployed exceeds 832,000, accounting for more than 70% of Solana's historical token issuance. Proportion of active trading pairs Despite the continued coin issuance boom, the proportion of active MEME coin trading pairs is very low. In the past 24 hours, only 1.9% of the top 251 MEME token trading pairs had a trading volume of more than $1 million. Challenges and doubts Pump.fun faces problems such as token proliferation, poor creation quality, user profit loss, becoming a tool for bad people to make money, and live broadcast chaos. - Robot trading: A large number of robot trading appeared on Solana, squeezing the profit space of ordinary users. - Celebrity coin issuance: Celebrities such as Caitlyn Jenner profited from issuing MEME coins through Pump.fun, causing market dissatisfaction. - Project party control: Developers purchased a large number of tokens at a low price and controlled the market. - Live broadcast chaos: After the platform launched the live broadcast function, eye-catching behaviors such as self-harm and vulgar content appeared. In short, although Pump.fun has achieved significant revenue and user growth in the coin issuance boom, the doubts and challenges it faces require more efforts to improve the quality of tokens, protect user interests, and regulate platform behavior. #内容挖矿
Pump.fun's performance in Solana's coin issuance boom

Pump.fun has performed well in Solana's coin issuance boom, generating more than $30 million in revenue in just four months. However, this has been accompanied by problems such as user damage and live broadcast chaos.

Trading volume and revenue statistics
According to The Block Pro data, about 455,000 tokens were created on the Solana blockchain in May this year, most of which were MEME tokens. Dune data shows that as of June 4, Pump.fun has captured nearly 203,000 SOLs since its launch in February, with a total revenue of approximately $33.468 million. The number of MEME coins it has deployed exceeds 832,000, accounting for more than 70% of Solana's historical token issuance.

Proportion of active trading pairs
Despite the continued coin issuance boom, the proportion of active MEME coin trading pairs is very low. In the past 24 hours, only 1.9% of the top 251 MEME token trading pairs had a trading volume of more than $1 million.

Challenges and doubts
Pump.fun faces problems such as token proliferation, poor creation quality, user profit loss, becoming a tool for bad people to make money, and live broadcast chaos.

- Robot trading: A large number of robot trading appeared on Solana, squeezing the profit space of ordinary users.
- Celebrity coin issuance: Celebrities such as Caitlyn Jenner profited from issuing MEME coins through Pump.fun, causing market dissatisfaction.
- Project party control: Developers purchased a large number of tokens at a low price and controlled the market.
- Live broadcast chaos: After the platform launched the live broadcast function, eye-catching behaviors such as self-harm and vulgar content appeared.

In short, although Pump.fun has achieved significant revenue and user growth in the coin issuance boom, the doubts and challenges it faces require more efforts to improve the quality of tokens, protect user interests, and regulate platform behavior. #内容挖矿
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200-300 people special session Chia&Netmind project analysisToday we continue to talk about projects in the 200-300 range to see if we can find super potential stocks, because the market value in this range is low, around 200-500 million, and a 100-fold increase is very possible. The two projects we talked about today are from the Chia-Depin track, which is also a copycat of Filecoin, and the second project is Netmind, which is also a shared GPU project. There are too many GPU projects recently, and it seems to be a Chinese project, and the technical team should be from Tsinghua University. 1. Divide This project was launched in 2021. It reached 1,500 US dollars at its peak and is now 30 US dollars. Just imagine how many lives were buried there. Moreover, it has hardly moved in the past year and is quite stable. Its current market value is 300 million US dollars, so this project has been criticized to death on the Internet.

200-300 people special session Chia&Netmind project analysis

Today we continue to talk about projects in the 200-300 range to see if we can find super potential stocks, because the market value in this range is low, around 200-500 million, and a 100-fold increase is very possible. The two projects we talked about today are from the Chia-Depin track, which is also a copycat of Filecoin, and the second project is Netmind, which is also a shared GPU project. There are too many GPU projects recently, and it seems to be a Chinese project, and the technical team should be from Tsinghua University.
1. Divide
This project was launched in 2021. It reached 1,500 US dollars at its peak and is now 30 US dollars. Just imagine how many lives were buried there. Moreover, it has hardly moved in the past year and is quite stable. Its current market value is 300 million US dollars, so this project has been criticized to death on the Internet.
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