Top News

1. Ark Invest Sells $12.5M Worth of Coinbase Stock Yesterday

2. Onekey Founder Speaks Out Against Curve, Demanding a Fair Resolution for the Resupply Vulnerability Incident

3. AI Model Marketplace OpenRouter Raises $40M, Led by Andreessen Horowitz and Menlo Ventures

4. US Electric Vehicle Company Mullen Announces Acceptance of Bitcoin and TRUMP Meme Coin

5. Kingdom of Bhutan's Bitcoin Reserves Reach $1.3B, Nearly 40% of GDP

Trending Topics

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

ARB

Today, discussions about Arbitrum (ARB) on Twitter focus on key developments and market sentiment within its ecosystem. Major topics include the launch of new projects and collaborations such as the Super Lending App and Yapyo, further solidifying Arbitrum's leading position in the Layer 2 space. The community is actively discussing ARB's DeFi incentives and governance dynamics, comparing them with other L2 projects and exploring the impact of tokenization and Real World Assets (RWA). Overall sentiment is positive, with many optimistic about Arbitrum's growth potential and influence.

DOG

$DOG ($DOGDOG) has sparked significant attention on Twitter due to its upcoming listing on Kraken Exchange. The community views this as a key milestone for the decentralized Memecoin—$DOG was entirely distributed through airdrop, with no internal reserves or allocations. This listing will greatly enhance accessibility for U.S. users and is seen as an opportunity to attract other top-tier exchanges to follow suit. The $DOG community, known for its strong cohesion and activity, is actively preparing for the Kraken listing, including encouraging user deposits and providing liquidity.

UNI

Today's discussion about UNI (Uniswap) has centered around the launch of the Uniswappy feature. This feature allows users to create Uniswap-themed trading cards, leading to significant participation and enthusiasm. Furthermore, in discussions about the evolution of the DeFi ecosystem, Uniswap is seen as a key player, with the community delving into its governance system, market strategy, and its position and influence in the broader crypto market.

XRP

Today's discussions about XRP have mainly focused on its collaboration with Wormhole to enhance the multi-chain interoperability of the XRP Ledger and its EVM sidechain, which is seen as a significant breakthrough for the XRPL ecosystem. Meanwhile, Ripple's lawsuit with the U.S. SEC continues, as Judge Torres denied the joint motion for instructive relief from both parties. Despite ongoing legal challenges, Ripple maintains that XRP's legal status as a non-security remains unchanged.

Coinbase

Coinbase garnered attention today by announcing the launch of a cryptocurrency futures product similar to perpetual contracts in the U.S. on July 21st. This move is seen as a significant event driving market development, particularly attractive to U.S. traders in terms of tax benefits. Additionally, Coinbase's stock price hit an all-time high, reflecting positive market expectations. Discussions also touched on its strategic growth path, including its inclusion in the S&P 500 index, being the main broker for ETFs, and the launch of Coinbase Concierge services for high-end users. Furthermore, the company's continued Bitcoin holdings further enhance its market influence.

Featured Article

1. "On Day 154 in Office, Trump Paid Off Over $100 Million in Debt"

The U.S. president's term is only two terms, so people often say that in the president's second term, the main storyline is often not "governance" but "making money." June 23rd marked the 154th day of Trump's second term. He used $114 million in cash to fully repay his most challenging debt in his business empire 13 days before the loan was due. This $114 million is equivalent to the total salary of the U.S. president for 400 years. According to the most widely circulated algorithm— "one suitcase can hold up to $1 million in one hundred-dollar bills," you would need at least 114 suitcases to pack and transport this money. And this loan came from his famous Manhattan skyscraper—40 Wall Street, also known as the Trump Building.

2. "Retail Investors in the Crypto Space Can Now Buy SpaceX Equity? A Look at Three Major Private Equity Tokenization Platforms"

Beyond the stablecoin craze, equity tokenization is also becoming a new market narrative. On June 27, Web3 startup Jarsy announced the completion of a $5 million pre-seed funding round led by Breyer Capital. Beyond the amount, what truly caught the market's attention is the problem they are trying to solve: why has the early growth dividend of top private companies always been exclusive to institutions and super-rich individuals? Jarsy's answer is to reconstruct the participation model using blockchain technology—"minting" private equity of unlisted companies into asset-backed tokens, allowing ordinary people to bet on the growth of star companies like SpaceX and Stripe with a threshold of $10. After the funding disclosure, the market immediately focused on the topic of "private equity tokenization"—this alternative asset class, which used to exist only in VC boardrooms and high-net-worth circles, is being packaged as a blockchain asset, expanding its territory on-chain.

On-chain Data

Weekly On-chain Fund Flow on June 27

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