Key Market Intelligence on June 11: How Much Did You Miss?

Selected News

1.Elon Musk's repost of the "Green Octopus" concept tweet causes a brief surge in SHOGGOTH

2.Binance HODLer airdrop and spot trading for Resolv (RESOLV) goes live

3.Justin Sun: USD1 stablecoin has officially been minted on the TRON network

4.Binance Alpha users with a score of 229 can join the MEET48 TGE event, with a cost of 15 points

5.Elon Musk "softens up": Regrets posting tweets related to Trump

Trending Topics

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

HYPERLIQUID: Discussions around HYPERLIQUID today focused on its all-time high (ATH) achievement and potential for future growth. Many users celebrated the token's stellar performance while speculating on its upcoming price trends. Hot topics included the launch of the new feature "Silhouette," a protective trading tool, as well as calls for introducing a mobile app to enhance user experience. Another notable buzz event was Andrew Tate's trading loss, which garnered a lot of attention. Additionally, HYPERLIQUID’s tokenomics caught the spotlight, especially its daily buyback mechanism, which boosts holder value. The community largely agrees that the platform has the potential to dominate the DEX market, with its innovative token distribution model being a major point of conversation.

DEFIAPP: DEFIAPP has sparked widespread attention on Twitter due to the launch of its $HOME token. $HOME is the core token of this "DeFi Super App" and is now listed on multiple exchanges, including Binance, Bybit, and Coinbase. The launch is accompanied by a massive airdrop campaign rewarding active Kaito users and stakers. This listing has ignited user enthusiasm, with some expressing excitement over the airdrop rewards, while others criticize the project's execution and market performance. The token's listing and the airdrop have been the key drivers of its recent social media buzz.

VADER: VADER has recently gained significant attention due to its staking and social task initiatives, leading to a notable increase in its market cap and staking ratio. The community is actively discussing the benefits of staking VADER, such as earning Virgen Points and potential airdrops, particularly for the upcoming IRIS project. The heightened discussions around VADER are supported by its integration into the Virtuals ecosystem and the community engagement mechanisms promoted by VaderResearch.

KAT: Today's discussions around KAT on Twitter primarily revolve around the introduction of the "Katana Yapper Leaderboard." This leaderboard incentivizes users to create content and promote Katana's DeFi ecosystem by offering a monthly reward pool of 10 million KAT and $20,000 USDC. The ecosystem emphasizes deep liquidity and sustainable yield, encouraging users to create content around features like VaultBridge, on-chain liquidity governance mechanisms, and integrations with platforms like Sushi and Morpho. Currently, the community is highly active and deeply engaged in exploring DeFi solutions provided by Katana.

IRIS: Today's discussions about IRIS mainly focus on the anticipation and excitement surrounding its upcoming launch. IRIS is the first Ethereum AI agent project launched by Virtuals, and many users express strong interest in its potential investment returns. Some have even experienced FOMO (fear of missing out) due to insufficient qualifying points. The project is seen as a major development, with comparisons being drawn to other successful projects, raising high expectations for returns. The involvement of Nethermind and the Ethereum Foundation further strengthens the project's credibility, and the community widely believes that IRIS could become a "game-changer" in the field of AI and blockchain integration.

Featured Articles

1.《The Overlooked TON is Making a Comeback Through NFTs》

After the hype surrounding "TON mini-games" faded, the TON ecosystem gradually slipped out of the market's primary focus. Unexpectedly, TON has found its way back into the spotlight, thanks to another concept that had long fallen out of favor—NFTs. This time, Telegram's "Gifts" and the recent MapleStory blockchain game revival have both showcased practical applications that reignited market interest in NFTs. It's been nearly four years since the peak of the NFT summer, and the term is no longer a golden label of hype. Yet, NFTs have silently taken on more substantial practical roles, showcasing their utility on larger platforms. Hopefully, NFT applications like Telegram's "Gifts" will become more prevalent and inject fresh vitality into the market.

2.《Unveiling Bullish: Parent Company Scooped Up 160K BTC, Netted Billions in 6 Years》

Recently, media reports revealed that the trading platform Bullish has secretly filed for an IPO with the SEC. Its parent company, Block.one, made headlines back in the day by raising $4.2 billion—the largest fundraising event in crypto history. In the realm of highly lucrative centralized exchanges (CEX), Bullish isn't a household name, but its pedigree is undeniably impressive. In 2018, EOS emerged as a disruptor and was dubbed Ethereum's "killer," with its backing company Block.one capitalizing on the frenzy to orchestrate the longest and most lucrative ICO (Initial Coin Offering) in history, raising a staggering $4.2 billion. A few years later, with the EOS hype fading, Block.one decided to "start fresh" by launching Bullish, a cryptocurrency exchange aimed at compliance and targeting traditional finance markets.

On-chain Data

On-chain capital flow data for June 11