1. A quick overview of today’s news
Reasons for the popularity of Meme coins: Stratos partners pointed out that the popularity of Meme coins is mainly due to the re-engagement of Asian traders. Most Meme token prices rose significantly during Asian trading hours (late night in the U.S. time), reflecting the ETH ETF craze and U.S. regulators’ changing attitude toward cryptocurrencies.
UXLINK is emerging: Among social DAPPs, UXLINK has successfully topped the list of daily, weekly and monthly activity. Its daily active users have stabilized between 600,000 and 900,000, weekly active users have reached 1.1 million, and monthly active users have exceeded 3 million, showing strong user stickiness.
API3 financing success: API3 announced the completion of a new round of strategic financing through token distribution, raising 4 million USDC, with a token price of US$2.81 each. Tokens will be released in batches based on 12-month linear unlocking and 6-month cliff unlocking. Affected by this news, the price of API3 rose by about 8% in a short period of time.
OKX reserve certificate: OKX released the 19th reserve certificate. The announced reserve rates of 22 currencies all exceeded 100%. The total value of BTC, ETH, USDT, and USDC exceeded US$22.4 billion, demonstrating its strong funds. strength.
Justin Sun’s Fund Movement: Justin Sun deposited a total of $780 million in ETH into Lido and Kelp DAO in the past 7 hours, showing his positive attitude towards the crypto market.
2. Market trend analysis
Trump Concept Meme Coin: The price of TRUMP coin exceeded $15, hitting a record high, reflecting the market’s attention to Trump-related concepts.
NVIDIA and AI concept currency: NVIDIA's stock price hit a record high, and affected by expectations for OpenAI's new products, the AI concept currency GPT rose by 20.3% in 24 hours.
Multiple currencies rose strongly: NOT, WIF, LFT, AXL and other currencies all showed significant increases, showing the activity of market funds.
Rune-based tokens are generally rising: rune-based tokens such as DOG•GO•TO•THE•MOON also show strong upward momentum.
3. Overview of market data
Changes in Bitcoin ETF holdings: BlackRock's IBIT Bitcoin holdings surpassed Grayscale GBTC, becoming the world's largest Bitcoin ETF.
Bitcoin ETF capital inflows: The U.S. Bitcoin spot ETF has had net inflows for 11 consecutive trading days, totaling US$45.14 million.
Open positions in ETH contracts: Open positions in ETH contracts across the entire network hit a new high, reaching $17.016 billion.
Ethereum liquidity re-hypothecation: The TVL of the Ethereum liquidity re-hypothecation protocol exceeds $13.6 billion, with several protocols showing strong growth momentum.
IV. Project Financing Dynamics
Aperture Finance Financing: DeFi platform Aperture Finance completed $12 million in financing and plans to launch APTR tokens.
Fortunafi Stablecoin Protocol: RWA tokenization platform Fortunafi completed a $9.51 million strategic seed round of financing and will launch a new stablecoin protocol Reservoir.
SCRYPT Financial Services Financing: Crypto financial services provider SCRYPT received $5 million in strategic financing. The company has obtained an asset management solution license from the Swiss Financial Market Supervisory Authority.
PlayAI Seed Round Financing: Web3 platform PlayAI announced that it has received $4.3 million in seed round financing. The platform trains AI models by rewarding players for sharing game data.
V. Regulatory Compliance Progress
The Thai government has introduced new visa categories for digital nomads and freelancers to further attract cryptocurrency traders and developers to the country.
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