Key Market Insights for June 17th – A Must-Read! | Alpha Morning Brief

Selected News

1.Tron to Go Public in the U.S. via "Reverse Merger" and Establish a Strategy-like Company with Trump's Second Son

2.Binance Alpha Rule Update: Trading Between Alpha Tokens and LP Balance Will No Longer Count Towards Points

3.ZKJ Surged Past $0.75 Earlier This Morning, Market Cap Recovered to $179 Million

4.pump.fun and Its Founder’s Official X Account Have Been Suspended

5.$195 Million Liquidated Across the Network in the Past 4 Hours, Mainly Long Positions

Articles Threads

1.《Tron's Listing: Justin Sun Joins the Crypto "Reverse Merger Frenzy" for Buying Tokens》

Yesterday, Justin Sun announced that Tron (TRX) will go public on Nasdaq through a reverse takeover. According to public information, this deal involves a $100 million injection, warrants, and convertible preferred shares, forming a complex capital structure. After the transaction is complete, SRM will be renamed "Tron Inc." and will begin holding TRX tokens as strategic company assets. The reverse acquisition of SRM Entertainment by Tron and Justin Sun is not the first of its kind. Previously, the crypto space has experienced a wave of "going public to buy crypto" in a capital frenzy. Numerous crypto investment firms have been snapping up listed shell companies through reverse takeovers, turning them into financial tools to hoard tokens and inflate prices. From Bitcoin to SOL, ETH, and XRP, Justin Sun, after watching others enjoy the game, finally couldn't resist diving in.

2.《$Launchcoin Ecosystem Recovers: Highlights of Five Promising Projects on the Believe Platform》

Amid frequent incidents such as project deletions on social platforms and founders going missing, doubts about the sustainability of the ecosystem represented by $Launchcoin began to emerge in the market. Subsequently, a few quality projects, supported by clear product logic and steady operational pace, started to stand out as token prices recovered. These projects not only regained community trust but also boosted the sentiment around the platform token $Launchcoin, pushing its market cap back above $200 million. Therefore, deeply exploring projects within the Believe ecosystem that truly demonstrate growth potential has become a critical path to uncovering Alpha. This article focuses on five promising projects, offering analysis and insights.

Market Data

Daily market-wide capital activity (reflected by funding rates) and token unlock events

Data Sources: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks