Selected News
Trump posts images featuring PEPE and himself on Truth platform
Reddio (RDO) opens at $0.021, with a market cap reported at $17.5 million
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
LOUD
Today's discussion about LOUD mainly focuses on the @stayloudio project, which has gained widespread attention for its unique "Initial Attention Offering (IAO)" mechanism and leaderboard system. The project creates a competitive environment by rewarding outstanding speakers, with potential rewards being considerable. Many tweets speculate on the sustainability and profitability of the project, with some expressing doubts about its long-term viability. The community is actively engaging in discussions around potential earnings, distribution mechanisms, and the project's impact on the crypto industry.
SOPHON
Sophon (SOPH) has attracted attention for its successful launch on several major exchanges, including Binance, OKX, and Upbit, achieving a trading volume of approximately $600 million in a short time. The launch was accompanied by a popular airdrop event, and its integration with platforms like Mintify and SyncSwap has also been well received. Sophon focuses on creating a consumer-friendly crypto experience through its Layer 2 blockchain built on zkSync technology, and its innovative "Social Oracle" feature has received praise. The project aims to seamlessly integrate blockchain into everyday applications like gaming, social media, and artificial intelligence, making it more accessible to the general public.
GME
GameStop (GME) has become a hot topic after announcing the purchase of 4,710 Bitcoins (approximately $512 million), becoming a Bitcoin treasury company. This move has sparked a strong market reaction, with some viewing it as a strategic hedge against currency devaluation, while others criticize the execution of the decision and question the company's management. Following the announcement, GME's stock price briefly rose, but some investors remain cautious about its long-term impact.
HUMANITY
Today's discussion about HUMANITY focuses on the upcoming launch of the Humanity Protocol and its innovative method of identity verification through biometric palm scanning. The protocol aims to address internet identity issues, ensuring fair distribution of airdrops and securing online interactions, helping to distinguish real users from bots. The project has allocated $2.2 million worth of $H tokens to Kaito stakers and Humanity Yappers, generating significant interest and participation. The community is excited about the protocol's potential to redefine identity verification in Web3.
TON
TON has garnered widespread attention today due to several significant developments. The TON Foundation has appointed former Visa executive Nikola Plecas as Vice President of Payments, aiming to expand payment capabilities for Telegram's large user base. Additionally, Telegram announced a $300 million partnership with Elon Musk's xAI to integrate Grok AI into its platform, driving TON's price up by 20%. Furthermore, Telegram plans to raise $1.5 billion through bond issuance, with investors including BlackRock, Mubadala, and Citadel. These announcements have collectively propelled TON to become one of the most discussed projects in the crypto community.
Featured Articles
On May 28, GameStop announced the purchase of 4,710 Bitcoins, causing its stock price to plummet nearly 11%. Prior to this, Trump's media technology group (TMTG) had also announced a massive $2.5 billion All In Bitcoin investment. Republican Vivek Ramaswamy's Strive announced the completion of $750 million in funding to create a "Bitcoin treasury company" and is raising another $750 million through the acquisition of Asset Entities, continuing to increase its BTC holdings. Meanwhile, SharpLink Gaming has raised $425 million to establish an ETH treasury. Various signs indicate that "BTC Fentanyl" is rapidly infiltrating the stock market.
About a month ago, Circle announced the initiation of its initial public offering (IPO) plan, but the process was forced to be delayed due to changes in the external policy environment. During this time, Circle has been engaged in in-depth negotiations with potential buyers, including Coinbase and Ripple, regarding acquisition matters. However, they failed to reach an agreement due to differences in valuation amounts. Circle is not in a hurry to sell; its strategic intentions are clear: on one hand, it hopes to validate and achieve a higher company valuation through the pricing of the public market IPO; on the other hand, it is also pressuring potential acquirers to further increase their offers. Essentially, Circle is engaged in a shrewd "price comparison" game aimed at maximizing benefits for its shareholders.
On-chain Data
On-chain capital flow situation on May 29
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