Key Market Information Discrepancy on June 6th - A Must-Read! | Alpha Morning Report

Top News

1.WLFI Issues Cease-and-Desist Order to TRUMP Token's Parent Company

2.Circle's Listing Sees 168.48% Price Surge on First Day, $39.41 Billion in Trading Volume

3.Over $968 Million Liquidated in the Past 24 Hours, with Over 225,000 Traders Liquidated

4.Binance Updates Alpha Points Rules: Trading Volume Points Will Only Be Awarded for Alpha Token or Spot Token Purchases

5.CUDIS Announces Opening of Token Airdrop Claims

Articles & Threads

1.《Founder of "First Stablecoin Stock": How I Went All-In on Stablecoins 7 Years Ago》

Tonight, global stablecoin giant Circle will be listed on the NYSE and begin trading, becoming the second-largest native US stock-listed company born out of the cryptocurrency industry, following the largest US crypto exchange Coinbase in 2021. Four years ago, Coinbase's listing coincided with Bitcoin's peak, and four years later, amidst a full cycle of cryptocurrency bull and bear markets, Circle's listing showcases a new narrative of cryptocurrency—stability.

2.《Musk's Reversal, Cryptocurrency Inner Circle Division, and Trump's Backyard on Fire》

In the early hours of June 6, Musk and Trump had a complete falling out. Less than a week after Musk stepped down as the head of the "Department of Government Efficiency" (DOGE), the two engaged in a public feud on the X platform, exchanging explosive revelations and firing shots at each other. This led to a single-day drop of over 15% in Tesla's stock price and a 7.82% slump in Trump Media & Technology Group's (TMTG) stock price. As this "political reality show" reached its climax, cracks also appeared in Trump's crypto empire.

Market Data

Daily market-wide capital heat index (reflected by funding rates) and token unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks