Original author: 0xLeoDeng

Original source: Twitter @leodeng08

If you only see: $TON price hits a record high of $8; the number of daily active addresses on the TON chain exceeds that of Ethereum; TON TVL exceeds $500 million, a 20-fold increase in 3 months; 100 million people are playing

@hamster_kombat…These are impressive numbers, but they are just the tip of the iceberg.

In the next six months to a year, a larger wave of TON DeFi revolution, TON NFT explosion, TON content creation revolution, and TON cross-chain ecological explosion are about to or have already quietly erupted!

The most important paths for the crypto market to capture value are, first, relying on information asymmetry, and second, predicting the market in advance. TON Roadmap is like a treasure map of the TON ecosystem, and a lot of valuable information is in it. Whether you are a developer, investor, or ordinary user of the TON ecosystem, it is recommended to pay attention in advance.

Original author: sunlc.eth.lens

Original source: Twitter @sunlc_crypto

1. Introduction

My attitude towards airdrops has always been relatively Buddhist. I only regard airdrops as one of the many asset allocation strategies in the cryptocurrency circle.

When STRK airdropped, I got 240,000 Us, which was about 500,000 Us. Although this result was only acceptable among my group of big friends and had a very limited impact on the overall growth of my assets, I was still very happy at the time, because at least it proved that I had gained something from spending a lot of effort on the airdrop.

But in the past few days since the results of the ZKS airdrop came out, my mood has been like a roller coaster.

Compiled by: Mars Finance

1. Today's News

1. BRC721: Will suspend the protocol and stop indexers, APIs, and image processing servers on June 30

BRC721 said on the X platform that it would suspend the agreement and stop the indexer, API and image processing servers on June 30

2. MicroStrategy founder: I will buy Bitcoin even if BTC reaches $8 million

According to Bitcoin Magazine, MicroStrategy founder Michael Saylor said he would also buy Bitcoin when the price reaches $8 million.

3. US SEC Chairman: Ethereum ETF S1 is expected to be approved this summer

Original author: Wenser

Original source: Odaily Planet Daily

Since March, old Meme coins such as PEPE, FLOKI, and WIF have "rejuvenated their second spring", coupled with the Solana Meme coin craze led by BOME, the Base ecosystem Meme coin craze, and the recent political Meme craze and celebrity Meme coin craze. In this dazzling "Meme coin hot season", many money-making experts have emerged.

Odaily Planet Daily will summarize and introduce some of the smart money addresses on the chain (mainly those that have achieved good results in the Meme field) in this article, and summarize the general paradigm to enhance the winning rate. Later, we will continue to update this series of articles according to different target types, and the end of the article will also include some smart money on-chain tracking tool websites to facilitate readers to dynamically adjust their operation strategies.

Original author: day

Original source: Vernacular Blockchain

On the evening of June 13, Arkham published a statement saying that Curve founder Michael Egorov’s lending positions worth nearly nine figures ($141 million CRV) had been completely liquidated, and a total of more than $1 million in bad debts had been generated on Curve’s lending platform Llamalend.

In response to the liquidation storm, Curve founder Michael Egorov posted on social media that day that the Curve team and I have been working hard to resolve the liquidation risk issue today. As everyone knows, all of my loan positions have been liquidated.

He also added that due to the large size of his holdings and the huge impact on the market, he resulted in about $10 million in bad debts, but 93% of them have been repaid and the remaining bad debts will be repaid soon.

Original author: Nian Qing

Original source: ChainCatcher

Following the recent May 15 deadline for filing first quarter 13F reports with the U.S. Securities and Exchange Commission, a total of about 1,000 institutions hold approximately $11.55 billion in Bitcoin spot ETFs.

Institutional investment levels in Bitcoin ETFs vary. Among them, 18 institutions hold more than $100 million in related assets, 102 institutions hold more than $10 million in related assets, and 371 institutions hold more than $1 million in related assets. The BTC ETF assets held by most institutions only account for a small portion of their total asset management scale.

Bitcoin Miners Pivot to Southeast Asia After China Crackdown

Original author: Ryan Weeks

Original source: Bloomberg

Compiled by: Baishui, Golden Finance

In 2023, a new industry has joined the fray: Bitcoin miners. Sheltered by a massive sheet-metal roof, more than 1,000 machines now hum away, while hundreds more sit in cardboard boxes nearby waiting to be unpacked.

The mine in Tanjung Manis, Sarawak, is the largest of four operated by miner Bityou in the region. Owner Peter Lim chose the site after he was forced to shut down a massive 10,000-rig, 20-megawatt mine in China following a 2021 ban on bitcoin miners. “Most companies have left this industrial park,” Lim said. “We decided, why not make use of these abandoned resources?”

Original author: Liu Yang

Original source: Nakamoto Ritsu

(The picture shows the trophy for the recommended lawyer in the field of "financial technology" in the 2024 annual "THE LEGAL 500" China list) Today, I believe this is a topic that every u-business is concerned about. The once bustling XX tree agreement, XX inn, and X o'clock sleepless community are now deserted, and many bigwigs are "involved in illegal activities". Today, let's have a good chat about the boundaries of u-business involvement. Stop talking about compliance. Every one of my clients, as long as they have a little bit of strength, has done compliance. "Without compliance, there may not be any crime." This sentence was told to me by the client; stop talking about it on paper. The law is a practical science. Analyzing legal provisions cannot lead to the conclusion of guilt or innocence, especially for virtual currency, a new thing in the legal world. "When other laws are invalid, the criminal law must stand up and defend the bottom line." This sentence was told to me by an authoritative prosecutor, which also represents the attitude of the judiciary towards virtual currency; stop selling anxiety, based on the typical cases released by the judiciary, the more famous cases in the currency circle, and the illegal cases in the currency circle that I represented as samples, I will say it one by one. 1

Original author: Vernacular Blockchain

Recently, users of BN and OK have both had their assets stolen. Issues related to asset security have once again aroused heated discussions. Some users withdrew their tokens from the trading platform as soon as the news came out. After all, a gentleman does not stand under a dangerous wall.

From the development of this wave of market conditions, it can be clearly felt that the industry's major opportunities are mainly concentrated on the chain. The trading platforms are seriously involuted. With the collapse of the value investment system, it is extremely difficult for retail investors to make money on the trading platforms. The number of users turning to the chain is also gradually increasing. On the chain, the most important issue is the security of their own wallets.

Original source: SevenUpDAO Overseas Returnees Association

Ethereum ETF is coming soon. What is the best narrative to sell Ethereum to traditional finance/Wall Street? Ryan and David from Bankelss discussed the 7 major narratives of Ethereum and had a pitch competition between them. They each prepared a 1-2 minute pitch, and then each spent some time analyzing the other's content and analyzing each point.

Eric Balchunas's tweets

David: Today’s show actually stems from a tweet from Eric Balchunas, who pointed out a challenge facing the Ethereum ETF: distilling the vision and value of Ethereum into an easily digestible slogan like “Bitcoin is digital gold” to penetrate the world of the 60+ year old pre-baby boomers. Does Ethereum have a simple slogan? If so, what is it? Bitcoin is digital gold. The beauty of Bitcoin is its simplicity, which can be described in one concise line, while the scope of Ethereum is so broad that I think it will take at least 60 seconds to explain it clearly. Therefore, we set the time limit for the promotion of the Ethereum ETF at the end of the show today to 60 seconds.

Original source: Beosin

We have previously reported that Turkey has been facing some problems in its pursuit of cryptocurrency freedom. The most criticized is that some local crypto projects have violated laws, causing huge losses to investors.

On May 30, 2024, the Turkish Interior Minister revealed that the authorities conducted a large-scale operation against a cryptocurrency fraud project in Ankara, 127 suspects were detained, and a large amount of assets and several guns were seized.

The project involved is called Smart Trade Coin. Since 2021, Turkish investors have been protesting and condemning the project's practices, and the project is suspected to be a scam. According to the victims' lawyers, the number of users deceived by the project is as high as 50,000, and the amount of losses exceeds 2 billion US dollars.

Original author: Beosin

Original source: WeChat official account

We have previously reported that Turkey has been facing some problems in its pursuit of cryptocurrency freedom. The most criticized is that some local crypto projects have violated laws, causing huge losses to investors.

On May 30, 2024, the Turkish Interior Minister revealed that the authorities conducted a large-scale operation against a cryptocurrency fraud project in Ankara, 127 suspects were detained, and a large amount of assets and several guns were seized.

The project involved is called Smart Trade Coin. Since 2021, Turkish investors have been protesting and condemning the project's practices, and the project is suspected to be a scam. According to the victims' lawyers, the number of users deceived by the project is as high as 50,000, and the amount of losses exceeds 2 billion US dollars.

Original author: Ryan Weeks

Original source: Bloomberg

Compiled by: Baishui, Golden Finance

In 2023, a new industry has joined the fray: Bitcoin miners. Sheltered by a massive sheet-metal roof, more than 1,000 machines now hum away, while hundreds more sit in cardboard boxes nearby waiting to be unpacked.

The mine in Tanjung Manis, Sarawak, is the largest of four operated in the region by miner Bityou. Owner Peter Lim chose the site after he was forced to shut down a massive 10,000-rig, 20-megawatt mine in China following a 2021 ban on bitcoin miners. “Most companies had left this industrial park,” Lim said. “We decided, why not make use of these abandoned resources?”

Original author: Climber

Original source: Golden Finance

On June 13, Beijing time, Curve founder Michael Egorov's $140 million CRV loan position has begun to be liquidated as the price of the currency fell. As of the time of writing, the positions on Egorov's five addresses have all fallen below the liquidation line, but only the main address has begun liquidation. However, the price of CRV has plummeted, with a maximum drop of more than 30% in a short period of time.

In July last year, the founder of Curve also encountered a liquidation crisis. However, since it was caused by an external hacker attack, the crypto market launched a plan to assist Curve. Dozens of institutions and many Chinese tycoons such as Justin Sun, Du Jun and Maji Da Ge have provided financial assistance.

Original author: How to

Original source: Odaily Planet Daily

Since the U.S. Securities and Exchange Commission (SEC) approved the 19 b-4 filing for the Ethereum spot ETF on May 23, the market has been looking forward to the official launch of this product. SEC Chairman Gary Gensler recently said that the Ethereum spot ETF may be officially launched this summer. The DTCC official website has also listed the Ethereum spot ETF "INVESCO GALAXY ETHEREUM ETF SHS" (code QETH) jointly launched by Invesco and Galaxy, and the Create/Redeem column shows N.

Original source: DaLing Think Tank

Although US ETF products have brought a staggering amount of capital inflows to the market, the spontaneous spot self-holding transactions in the market seem to be suppressing the buyer's pressure, which makes the current market need more non-arbitrage demand to further stimulate prices. In addition to focusing on this, we will continue to explore the divergence between the two seemingly divergent facts of the decrease in active addresses and the surge in the number of transactions.

Although US ETF products have brought a staggering amount of capital inflows to the market, the spontaneous spot self-holding transactions in the market seem to be suppressing the buyer's pressure, which makes the current market need more non-arbitrage demand to further stimulate prices. In addition to focusing on this, we will continue to explore the divergence between the two seemingly divergent facts of the decrease in active addresses and the surge in the number of transactions.

Original title: Crypto and Net-New Marketplaces

Original author: Li Jin

Original source: Variant

Compiled by: Vernacular Blockchain

The largest companies on the planet are all marketplaces built on network effects. Companies like Amazon ($1.9 trillion market cap), Meta ($1.2 trillion market cap), Tencent ($4.59 trillion market cap) all aggregate market supply and demand, and the more supply and demand they control, the more valuable their network becomes.

The same is true in the cryptocurrency space. High-value networks like Bitcoin ($1.4 trillion market cap), Solana ($79 billion market cap), and Ethereum ($460 billion market cap) are all multi-sided networks comprised of developers, users, and network operators that become more valuable as they scale.

Original title: The Evolution of Data Access in Web3

Original author: DFG

Original source: Medium

The importance of data in blockchain

Data is key to blockchain technology and is fundamental to the development of decentralized applications (dApps). While much of the current discussion revolves around data availability (DA) — ensuring that every network participant has access to recent transaction data for verification — there is an equally important aspect that is often overlooked: data accessibility.

DA solutions have become indispensable in the era of modular blockchains. These solutions ensure that transaction data is available to all participants, enabling real-time verification and maintaining the integrity of the network. However, the DA layer functions more like a billboard than a database. This means that data is not stored indefinitely; it is deleted over time, just as posters on a billboard are eventually replaced with new ones.

Original author: Karen

Original source: Foresight News

On-chain data is complex and difficult to understand, and applications are growing exponentially. How to make the difficult-to-understand on-chain information clear and easy to understand and clearly and comprehensively present the positions within the application is an important challenge facing the current Crypto field.

To meet this challenge and manage the massive amount of on-chain data, DeFi asset management platform Zapper today announced the launch of the open protocol Zapper Protocol, which aims to incentivize the readable parsing and distribution of on-chain information. The protocol will be centered around the ZAP token, which encourages participants to parse on-chain information, application positions and other data. The ZAP token is scheduled to be released in the fourth quarter of this year.

Original source: BitPush

In theory, by the end of the year, the Bitcoin price should be close to $100,000, and possibly even $90,000. But Bitcoin could potentially trade two standard deviations above these levels, which would bring us to around $200,000, or even $400,000 this year.”

Crypto markets were volatile as investors continued to digest new inflation data and the Federal Reserve’s dot plot.

Bitpush data shows that Bitcoin bulls tried to push higher in early trading, but encountered resistance at $68,484. After midday, short forces prevailed and BTC fell to an intraday low of $66,206. At the time of writing, Bitcoin was trading at $66,844, down 2.5% in 24 hours.