Key Market Intelligence for June 13: How Much Did You Miss?
Top News
1.Base Network DEX Features to Be Integrated into Coinbase Main App
2.Tencent Has No Plans to Acquire Nexon
5.BSC Foundation Purchases CAKE, LISTA, and MOOLAH
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
COINBASE: Coinbase has been a trending topic today, stemming from a slew of major announcements. The company revealed a partnership with Shopify, introducing support for USDC payments, which offers millions of merchants a smoother crypto transaction experience. In addition, Coinbase has teamed up with American Express to launch the "Coinbase One Card," allowing users to earn up to 4% Bitcoin cashback on their spending. Meanwhile, the Coinbase app has also rolled out decentralized exchange (DEX) functionality, enabling users to trade thousands of assets directly on the Base chain. These moves further cement Coinbase's leadership in integrating crypto into mainstream commerce and financial services.
NEWTON: Discussions around NEWTON today have been centered on the Magic Newton Foundation's announcement to increase incentive allocations. The foundation plans to distribute 0.9% of NEWT's total supply to "yapper" users in South Korea, China, and globally, as well as opinion leaders focusing on critical topics such as AI agents and crypto user experience. This initiative has sparked enthusiastic responses from the community, with many users actively debating the significance of the incentive structure, as well as the growth potential and influence of the Newton ecosystem in the future.
UXLINK: Today's discussions about UXLINK on the X platform revolve around the newly launched UXLINK leaderboard on KaitoAI. The leaderboard features a $500,000 $UXLINK reward pool and opens up opportunities for participation in the Q4 airdrop. Users are encouraged to actively engage to climb the rankings and compete for the title of top KOL. Meanwhile, UXLINK's integration with the Kaito ecosystem has further fueled the excitement, touching on new token allocations and strategic partnerships. Community members are actively sharing strategies and insights in hopes of maximizing rewards during the campaign.
VIRTUAL: Today's chatter around VIRTUAL primarily focuses on the successful launch of its $IRIS token on the Virtuals Protocol, with many early investors reporting returns as high as 500x. This launch is seen as a major success within the Virtuals ecosystem, and users have expressed enthusiasm for the remarkable returns. Additionally, the community has actively discussed platform incentive mechanisms, such as earning Virgen points by staking $VADER tokens, which have also proven to yield significant rewards. Overall, the market remains optimistic about the platform's ability to continually deliver high-yield opportunities, with many users expressing intentions to closely follow its future developments.
Selected Articles
The introduction of the DTSP can be attributed to FATF (Financial Action Task Force) requirements for anti-money laundering regulations. The extension of the regulatory framework aims to include entities operating overseas that were previously outside the scope of the PSA. However, if you're a long-term Web3 entrepreneur in Singapore—running OTC, custodial services, or trading platforms—you'd still need to apply for the MPI license under the PSA rather than the DTSP.
2. 《$1 Billion Liquidated: How Have Past International Conflicts Impacted Bitcoin?》
Once again, war has erupted in the Middle East, sparking significant volatility in the cryptocurrency market. Over the past few years, regional conflicts have periodically occurred, and for Bitcoin, each conflict acts as a test of its safe-haven characteristics and triggers intense market sentiment swings.
On-chain Data
On-chain capital flow on June 13
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