Bitget Research: Hong Kong’s New Crypto Regulation Comes into Effect, Market Lacks Upward Momentum
the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight.
In Summary:
1.Popular Tokens:
ZBIT (Token) — ZBIT is the token of BTC MACHINE, which is building its own ecosystem around BTC including several NFT projects. It has a loyal fan base. Currently, the token has reached 8819 holders, ranking it amongst the top in the market. Over the past 24 hours, there have been 5931 transfers, an on-chain trading volume of US$40,000, and a market cap of US$2.22 million.
FERC (Token) — FairERC20 can be viewed as a BRC-20 replica project on Ethereum, with a main selling point of performing fair launches on Ethereum in a fair manner. The token has 2773 holders, a 24-hour trading volume of US$5.97 million, and a market cap of US$2.2 million, indicating a good level of popularity.
LOVE (Token) — A memecoin with a unique whitelist mechanism, innovative hype strategy, and extreme popularity. Promoted by influencer @M4573RCH, the whitelisting is secured by sending 0 ETH to his address. Non-airdrop users must have at least one LOVE token to engage in trading, requiring airdrop users to send LOVE tokens to non-airdrop users for trading to occur. Because its airdrop quantity was so high, it attracted many bonus hunters, continuously draining its market liquidity. Moreover, the large LP staking rewards have led the token price to spiral down after launch. Currently, the market cap of the token is US$10 million, with liquidity of US$2.57 million and a 24-hour trading volume of US$2.81 million.
CHOW (Token) — A memecoin themed around the Chow Chow dog breed. Two days after the quiet launch, the project suddenly experienced a 14x surge in the early hours of today. The project team is focusing on creating a Chinese concept memecoin. The 24-hour trading volume is US$12 million, with a market cap of US$9.08 million.
LOYAL (Token) — Loyalty Labs is a memecoin project which was launched with a large liquidity pool. After a quick pump at the start of its launch, it’s currently in a fluctuation phase with small price swings. On the first day of its launch, the market cap has already reached US$48.35 million, with the liquidity pool reaching US$9.01 million.
RFD (Token) — A memecoin issued by Blurr, one of the top ten whales on Debank, with anti-rug pull meme characteristics. Despite the project’s token experiencing significant pullback recently, its Twitter operations maintain good continuity. The token currently has a 24-hour trading volume of US$12.61 million and a total market cap of US$21.74 million.
ONLINE (Token) — Onlinebase is creating a money-making project on blockchain, featuring DeFi characteristics. The token currently has a market cap of US$4.22 million and a 24-hour trading volume of US$3.67 million.
GETH (Token) — LayerZero has cross-chained Geth on the Georli testnet to the EVM ecosystem. Cross-chain swap transactions can be completed through the ETH Goerli Bridge. Holders of the Goerli testnet tokens can participate in interacting with testnet projects. Recent interactions with various testnets and airdrop expectations have led to an increase in demand for GETH.
2.Popular NFTs:
Cobee.Combo (NFT) — This is a meme NFT with attributes. The project was launched in April and currently has 120,000 holders. The number of transactions has significantly increased in the past 24 hours, reaching 250 in one hour.
Relation Medal Build Base (NFT) — This project aims to create a social network SBT for Web3 relationships, using every readable, understandable, and programmable SBT to represent proof of friendship, affiliation, membership qualifications, and commitment on the blockchain. The project has a high minting popularity, with 62,000 holders.
VV — A Film by Zora (NFT) — A film NFT created by the famous NFT influencer Jack Butcher. The selling price on Zora is 0.0089 ETH, and over 13,000 users have participated in the Mint. Another NFT project of his has surged in the secondary market after the Free Mint, showing a solid wealth effect. The community has high expectations for the future performance of this project, which is currently receiving a lot of attention.
Tabi Artifact Chest (NFT) — An NFT chest released by Tabi, containing treasures. Users can open the chest after completing the related tasks. Tabi is an NFT trading market on BSC, and the chests it released can be likened to a vampire attack. The chest is non-tradable. The current number of unique holders of the project is 114,816.
3.Popular DApps:
Circle (DApp) — As of May 30, Circle has sold all the US Treasury bonds in its USDC reserve portfolio. According to the Circle Reserve Fund website, the US$24 billion assets managed by the fund are all held in the form of overnight repurchase agreements. Based on Circle’s monthly certification report, this is a significant change since the end of April when the fund held more than $30 billion in US Treasury bonds. The last US Treasury bond held by the fund, valued at $4 billion, matured on Tuesday.
Tabi Artifact Chest NFT Mint Contract (DApp) — This project positions itself as an NFT trading platform built on BSC. It announced on May 11 that it has completed a US$10 million financing round, with investors including Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. On May 29, it launched a community reward program where users can earn SBT and other rewards for completing tasks, leading to an increase in the activity level.
Galxe (DApp) — A Web3 task platform, Galxe initiated new promotion tasks for the week, including a private fundraising event with Lend Finance, a limit order promotion with Open Ocean, the 7th-anniversary event of Imtoken, and a trading competition with Orbiter Finance. Thanks to the high quality of the collaborative projects, the UAW has seen an increase of more than 100%.
Lens (DApp) — Lens Protocol Profile, a leading on-chain social platform, is rumored to launch its token and conduct an airdrop to users in June. However, this news has not been confirmed. As a result, there has been an increase in NFT trading activity on the platform. Users are advised to stay tuned for updates on its ecosystem projects such as Phaver, Lenster, and Orb.
Layerswap (DApp) — This platform supports users in transferring assets across EVM chains such as Arbitrum, OP, Zksync, Starknet, and Polygon. It also enables transfers from CEX accounts to Polygon and provides compensation for Matic gas fees. The project boasts a high level of community interaction and a solid user base, making it an essential project to stay updated on.
WOOFi (DApp) — A decentralized exchange launched by WOO X. It provides users with the best unilateral passive income and the most powerful cross-chain exchange function. Its main modules include Swap, Earn, Stake, and an order book-style decentralized exchange. The project’s most recent audit was in October 2022. According to DeFiLlama data, the current total TVL of WOOFi is US$20.33 million, mainly formed by the staking of WOO tokens.
Blur (DApp) — On May 31, BLUR platform traded a total of 10,700 ETH, with OpenSea trading 2541 ETH and OpenSea Pro 431 ETH. The NFT market has recently maintained a relatively low trading volume, with a significant reduction in the Blur platform’s trading volume. The price of the BLUR token today is close to the previous low and is experiencing a weak rebound.
Manifold (DApp) — A creator platform that allows artists to create NFTs using componentized product releases for smart contracts. It is also a platform for users to mint NFTs. The project has a strong partnership with the Foundation NFT platform. Manifold maintains high daily activity due to its NFT minting feature.
Trader Joe (DApp) — After launching and implementing the concentrated liquidity feature on Arbitrum, the protocol’s popularity has increased, and the token price has risen from its bottom by up to 3x. Currently, the protocol’s total TVL has reached US$108 million, and Joe v2’s TVL is growing at a fast pace.
Chronos (DApp) — A ve (3,3) model DEX on the Arbitrum chain, with a rapidly increasing TVL since launch, currently at US$99 million as the popularity has decreased. The main focus is on earning profits through mining. The platform’s token has a 24-hour trading volume of US$3.58 million.
Splinterlands (DApp) — The project is a card game built on Hive and Wax, where players can trade, purchase or sell digital assets within the game to receive rewards. The project received $3.6 million in funding from investors such as Animoca, Blockchain Founders Fund, and Enjin on July 28, 2021. The game’s activity has consistently remained among the top ranks of various chains, with no remarkable promotions recently.
World ID Multi Airdrop (DApp) — Earlier news reported that Tools for Humanity, the company behind the cryptocurrency project Worldcoin co-founded by OpenAI CEO Sam Altman, announced the completion of a US$115 million Series C financing round, led by Blockchain Capital. Informed sources understand that Worldcoin may complete its TGE in Q4 of this year or Q1 of next year, and it is currently in the personal information collection stage. At present, nearly 1.7 million users have registered on the World App, with over 6.3 million websites, mobile apps, and crypto DApp logins authenticated through World ID. It has facilitated over 690,000 transfer transactions and recently announced its move from Polygon to Optimism for further development.
Gelato (DApp) — Gelato Network is a protocol focused on automating Ethereum smart contracts. Essentially, it’s an execution-layer infrastructure and a powerful tool for Web3 developers, aiming to build a large and perfect smart contract robot system. When certain preset conditions are triggered (both on-chain and off-chain), the system captures the signal and automatically executes the corresponding operations of the smart contract as required. The token GEL has shown no significant fluctuations recently. It is essential to observe this project.
4.Twitter Hot Topics:
OP (Token) — In a Twitter post on May 15, the Optimism team announced that the network will upgrade to Bedrock on June 6, with a downtime of 2 to 4 hours. Bedrock reduces transaction costs by using optimized batch compression and Ethereum as a data availability layer and shortens the delay time for including L1 transactions in Rollup by handling L1 reorganizations more gracefully. Prior to the upgrade, over 386 million OP tokens are scheduled to unlock on May 31, more than twice the total circulating supply, which is expected to put pressure on the token price.
EDU (DApp) — Open Campus will launch a free Genesis NFT mint on the BNB Chain, divided into Golden Backpacks and Silver Notebooks, with a total of 1333 Golden Backpacks and 5333 Silver Notebooks. The minting list will be closed on June 3, and unclaimed and undistributed NFTs will be kept in the treasury for future collaborations/gifts.
5.Regional Trending Searches:
Hong Kong (Event) — The Securities and Futures Commission of Hong Kong (SFC) has issued a circular regarding new licensing arrangements designed specifically for virtual asset trading platforms. The transition arrangements aim to cater to those providing virtual asset services in Hong Kong before June 1, 2023. The Hong Kong Virtual Assets Consortium (HKVAC) has been officially established and will launch a virtual asset index and exchange ratings. The implementation of Hong Kong’s cryptocurrency policies is long-term positive news for the cryptocurrency market, but be aware that there may be short-term speculation risks in related sectors.
Shiba (Token) — The token’s price has been fluctuating severely, leading to high levels of community discussion. Certik recently announced that Shiba’s security rating has returned to AAA, indicating a very positive development for Shiba. The Layer 2 network Shibarium is continually updating product developments, presenting potential hype opportunities at any moment. It is essential to stay updated on this token.
Main Body
Written by: Bitget Research
Data collection time: June 1, 10:30
Data sources: Dune, DApps, Twitter, Google
Note:
1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain.
2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours.
3) DApp daily activity (UAW: unique active wallets)
4) TGE (Token Generation Event)
1.BTC Profile — BRC-20
ZBIT (Token) — ZBIT is the token of BTC MACHINE (https://twitter.com/btcordinal), which is building its own ecosystem around BTC including several NFT projects. It has a loyal fan base. Currently, the token has reached 8819 holders, ranking it amongst the top in the market. Over the past 24 hours, there have been 5931 transfers, an on-chain trading volume of US$40,000, and a market cap of US$2.22 million.
2.Blockchain Profile — ETH Chain
2.1 User Profile
2.1.1 Core Data
Total active users of ETH: 434,875
New active users of ETH: 78,622, with a daily increase of 6.42%
Existing active users of ETH: 356,253, with a daily decrease of 5.67%
2.1.2 New User Profile
Core data: There were a total of 78,622 new active users on ETH yesterday, with a daily increase of 6.42%
Popular Sectors
Popular Projects
Key Projects:
Circle (DApp) — As of May 30, Circle has sold all the US Treasury bonds in its USDC reserve portfolio. According to the Circle Reserve Fund website, the US$24 billion assets managed by the fund are all held in the form of overnight repurchase agreements. Based on Circle’s monthly certification report, this is a significant change since the end of April when the fund held more than $30 billion in US Treasury bonds. The last US Treasury bond held by the fund, valued at $4 billion, matured on Tuesday.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 356,253, with a daily decrease of 5.67%
Popular Sectors
Popular Projects
Key Projects:
FERC (Token) — FairERC20 can be viewed as a BRC-20 replica project on Ethereum, with a main selling point of performing fair launches on Ethereum in a fair manner. The token has 2773 holders, a 24-hour trading volume of US$5.97 million, and a market cap of US$2.2 million, indicating a good level of popularity. https://www.erc20.cash/
LOVE (Token) — A memecoin with a unique whitelist mechanism, innovative hype strategy, and extreme popularity. Promoted by influencer @M4573RCH, the whitelisting is secured by sending 0 ETH to his address. Non-airdrop users must have at least one LOVE token to engage in trading, requiring airdrop users to send LOVE tokens to non-airdrop users for trading to occur. Because its airdrop quantity was so high, it attracted many bonus hunters, continuously draining its market liquidity. Moreover, the large LP staking rewards have led the token price to spiral down after launch. Currently, the market cap of the token is US$10 million, with liquidity of US$2.57 million and a 24-hour trading volume of US$2.81 million.
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
CHOW (Token) — A memecoin themed around the Chow Chow dog breed. Two days after the quiet launch, the project suddenly experienced a 14x surge in the early hours of today. The project team is focusing on creating a Chinese concept memecoin. The 24-hour trading volume is US$12 million, with a market cap of US$9.08 million. https://www.dextools.io/app/en/ether/pair-explorer/0x0387e56b85e6dbac5586c74cfd089f03922cf3de
2.2.2 Uniswap V3
LOYAL (Token) — Loyalty Labs is a memecoin project which was launched with a large liquidity pool. After a quick pump at the start of its launch, it’s currently in a fluctuation phase with small price swings. On the first day of its launch, the market cap has already reached US$48.35 million, with the liquidity pool reaching US$9.01 million.
RFD (Token) — A memecoin issued by Blurr, one of the top ten whales on Debank, with anti-rug pull meme characteristics. Despite the project’s token experiencing significant pullback recently, its Twitter operations maintain good continuity. The token currently has a 24-hour trading volume of US$12.61 million and a total market cap of US$21.74 million.
3.Blockchain Profile — BSC Chain
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,560,531
New active users on BSC: 245,047, with a daily increase of 6.82%
Existing active users on BSC: 1,315,484, with a daily increase of 2.14%
3.1.2 New User Profile
Core data: There were a total of 245,047 new active users on BSC yesterday, with a daily increase of 6.82%
Popular Sectors
Popular Projects
Key Projects:
Tabi Artifact Chest NFT Mint Contract (DApp) — This project positions itself as an NFT trading platform built on BSC. It announced on May 11 that it has completed a US$10 million financing round, with investors including Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. On May 29, it launched a community reward program where users can earn SBT and other rewards for completing tasks, leading to an increase in the activity level.
Cobee.Combo (NFT) — This is a meme NFT with attributes. The project was launched in April and currently has 120,000 holders. The number of transactions has significantly increased in the past 24 hours, reaching 250 in one hour. https://opensea.io/collection/cobee-combo
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 1,315,484, with a daily increase of 2.14%
Popular Sectors
Popular Projects
Key Projects:
Galxe (DApp) — A Web3 task platform, Galxe initiated new promotion tasks for the week, including a private fundraising event with Lend Finance, a limit order promotion with Open Ocean, the 7th-anniversary event of Imtoken, and a trading competition with Orbiter Finance. Thanks to the high quality of the collaborative projects, the UAW has seen an increase of more than 100%.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
ONLINE (Token) — Onlinebase is creating a money-making project on blockchain, featuring DeFi characteristics. The token currently has a market cap of US$4.22 million and a 24-hour trading volume of US$3.67 million.
4.Blockchain Profile — Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 460,486
New active users on Polygon: 122,753, with a daily decrease of 6.45%
Existing active users on Polygon: 337,733, with a daily decrease of 5.31%
4.1.2 New User Profile
Core data: There were a total of 122,753 new active users on Polygon yesterday, with a daily decrease of 6.45%
Popular Sectors
Popular Projects
Key Projects:
Relation Medal Build Base (NFT) — This project (https://twitter.com/relationlabs) aims to create a social network SBT for Web3 relationships, using every readable, understandable, and programmable SBT to represent proof of friendship, affiliation, membership qualifications, and commitment on the blockchain. The project has a high minting popularity, with 62,000 holders.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 337,733, with a daily decrease of 5.31%
Popular Sectors
Popular Projects
Key Projects:
Lens (DApp) — Lens Protocol Profile, a leading on-chain social platform, is rumored to launch its token and conduct an airdrop to users in June. However, this news has not been confirmed. As a result, there has been an increase in NFT trading activity on the platform. Users are advised to stay tuned for updates on its ecosystem projects such as Phaver, Lenster, and Orb.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
The top trading pairs on Polygon continue to be dominated by MATIC, stablecoins, and mainstream tokens.
5.Blockchain Profile — Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Arbitrum Active Users: 239,213
Arbitrum New Active Users: 62,957, with a daily decrease of 41.85%
Arbitrum Existing Active Users: 176,256, with a daily decrease of 22.11%
5.1.2 New User Profile
Core data: There were a total of 62,957 new active users on Arbitrum yesterday, with a daily decrease of 41.85%
Popular Sectors
Popular Projects
Key Projects:
Layerswap (DApp) — This platform supports users in transferring assets across EVM chains such as Arbitrum, OP, Zksync, Starknet, and Polygon. It also enables transfers from CEX accounts to Polygon and provides compensation for Matic gas fees. The project boasts a high level of community interaction and a solid user base, making it an essential project to stay updated on.
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 176,256, with a daily decrease of 22.11%
Popular Sectors
Popular Projects
Key Projects:
Layerzero (DApp) — A cross-chain protocol that allows DApps deployed on different chains to communicate with each other without the need for any intermediate chain or consensus mechanism. It has recently started collaborating closely with Canto. Projects in the Canto ecosystem can complete asset transfers to the EVM ecosystem, which is a significant benefit to the Canto ecosystem.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
GETH (Token) — LayerZero has cross-chained Geth on the Georli testnet to the EVM ecosystem. Cross-chain swap transactions can be completed through the ETH Goerli Bridge. Holders of the Goerli testnet tokens can participate in interacting with testnet projects. Recent interactions with various testnets and airdrop expectations have led to an increase in demand for GETH.
6.DApp Ecosystem — All Chains
Sweat Economy (DApp) — This is a traditional Web2 project that has transitioned to a Web3 wallet and “Move to Earn” project. It recently announced a partnership with Near Protocol and will operate on Near. It will initially use FastAuth, a Web3 entry-level product developed by Near. On June 1, it announced significant updates regarding its tokenomics, stating that users who are inactive for more than 60 days will not receive SWEAT.
WOOFi (DApp) — A decentralized exchange launched by WOO X. It provides users with the best unilateral passive income and the most powerful cross-chain exchange function. Its main modules include Swap, Earn, Stake, and an order book-style decentralized exchange. The project’s most recent audit was in October 2022. According to DeFiLlama data, the current total TVL of WOOFi is US$20.33 million, mainly formed by the staking of WOO tokens.
7.DApp Ecosystem — ETH Chain
Blur (DApp) — On May 31, BLUR platform traded a total of 10,700 ETH, with OpenSea trading 2541 ETH and OpenSea Pro 431 ETH. The NFT market has recently maintained a relatively low trading volume, with a significant reduction in the Blur platform’s trading volume. The price of the BLUR token today is close to the previous low and is experiencing a weak rebound.
Manifold (DApp) — A creator platform that allows artists to create NFTs using componentized product releases for smart contracts. It is also a platform for users to mint NFTs. The project has a strong partnership with the Foundation NFT platform. Manifold maintains high daily activity due to its NFT minting feature.
8.DApp Ecosystem — BSC Chain
Trader Joe (DApp) — After launching and implementing the concentrated liquidity feature on Arbitrum, the protocol’s popularity has increased, and the token price has risen from its bottom by up to 3x. Currently, the protocol’s total TVL has reached US$108 million, and Joe v2’s TVL is growing at a fast pace.
9.DApp Ecosystem — Polygon Chain
Philand (Token) — A social task platform based on ENS and on-chain/off-chain wallet activity, providing a visualization of on-chain identity. Today, it carries out Polygon Quests promotion, including cross-chain bridge, transactions, spending gas, and contract deployment.
10.DApp Ecosystem — WAX Chain
Neftyblocks (DApp) — An NFT trading platform on the WAX blockchain. According to data from third-party data websites, the platform’s traffic ranks behind SuperRare and LooksRare in the NFT space, with more popularity in the European and American regions.
11.DApp Ecosystem — Solana Chain
Chingari (DApp) — An Indian SocialFi project. Its original Web2 product was dubbed the “Indian TikTok”. Its token, GARI, went through a joint IEO during the TGE. It once had significant popularity in India, but the token price and popularity gradually decreased with the onset of the bear market.
12.DApp Ecosystem — Arbitrum Chain
Chronos (DApp) — A ve (3,3) model DEX on the Arbitrum chain, with a rapidly increasing TVL since launch, currently at US$99 million as the popularity has decreased. The main focus is on earning profits through mining. The platform’s token has a 24-hour trading volume of US$3.58 million.
13.DApp Ecosystem — GameFi Sector Across All Chains
Splinterlands (DApp) — The project is a card game built on Hive and Wax, where players can trade, purchase or sell digital assets within the game to receive rewards. The project received $3.6 million in funding from investors such as Animoca, Blockchain Founders Fund, and Enjin on July 28, 2021. The game’s activity has consistently remained among the top ranks of various chains, with no remarkable promotions recently.
14.Gas Fee Consumption — ETH Chain
VV — A Film by Zora (NFT) — A film NFT created by the famous NFT influencer Jack Butcher. The selling price on Zora is 0.0089 ETH, and over 13,000 users have participated in the Mint. Another NFT project of his has surged in the secondary market after the Free Mint, showing a solid wealth effect. The community has high expectations for the future performance of this project, which is currently receiving a lot of attention. https://zora.co/collect/0x5ec5a9b979a7fd4835a7ce9bdf3090209ec0fc8a/1
15.Gas Fee Consumption — BSC Chain
Tabi Artifact Chest (NFT) — An NFT chest released by Tabi, containing treasures. Users can open the chest after completing the related tasks. Tabi is an NFT trading market on BSC, and the chests it released can be likened to a vampire attack. The chest is non-tradable. The current number of unique holders of the project is 114,816. https://opensea.io/collection/tabi-artifact-chest
16.Gas Fee Consumption — Polygon Chain
World ID Multi Airdrop (DApp) — Earlier news reported that Tools for Humanity, the company behind the cryptocurrency project Worldcoin co-founded by OpenAI CEO Sam Altman, announced the completion of a US$115 million Series C financing round, led by Blockchain Capital. Informed sources understand that Worldcoin may complete its TGE in Q4 of this year or Q1 of next year, and it is currently in the personal information collection stage. At present, nearly 1.7 million users have registered on the World App, with over 6.3 million websites, mobile apps, and crypto DApp logins authenticated through World ID. It has facilitated over 690,000 transfer transactions and recently announced its move from Polygon to Optimism for further development.
Cointool (DApp) — A tool that can be used to batch mint XEN has seen a significant increase in usage lately due to the continuous promotions of XEN. The gas fees generated by the tool are primarily used for minting XEN.
17.Gas Fee Consumption — Arbitrum Chain
Gelato (DApp) — Gelato Network is a protocol focused on automating Ethereum smart contracts. Essentially, it’s an execution-layer infrastructure and a powerful tool for Web3 developers, aiming to build a large and perfect smart contract robot system. When certain preset conditions are triggered (both on-chain and off-chain), the system captures the signal and automatically executes the corresponding operations of the smart contract as required. The token GEL has shown no significant fluctuations recently. It is essential to observe this project.
18.Twitter Trends Token Top 20
OP (Token) — In a Twitter post on May 15, the Optimism team announced that the network will upgrade to Bedrock on June 6, with a downtime of 2 to 4 hours. Bedrock reduces transaction costs by using optimized batch compression and Ethereum as a data availability layer and shortens the delay time for including L1 transactions in Rollup by handling L1 reorganizations more gracefully. Prior to the upgrade, over 386 million OP tokens are scheduled to unlock on May 31, more than twice the total circulating supply, which is expected to put pressure on the token price.
EDU (DApp) — Open Campus will launch a free Genesis NFT mint on the BNB Chain, divided into Golden Backpacks and Silver Notebooks, with a total of 1333 Golden Backpacks and 5333 Silver Notebooks. The minting list will be closed on June 3, and unclaimed and undistributed NFTs will be kept in the treasury for future collaborations/gifts.
19.Google Trends — Global
Hong Kong (Event) — The Securities and Futures Commission of Hong Kong (SFC) has issued a circular regarding new licensing arrangements designed specifically for virtual asset trading platforms. The transition arrangements aim to cater to those providing virtual asset services in Hong Kong before June 1, 2023. The Hong Kong Virtual Assets Consortium (HKVAC) has been officially established and will launch a virtual asset index and exchange ratings. The implementation of Hong Kong’s cryptocurrency policies is long-term positive news for the cryptocurrency market, but be aware that there may be short-term speculation risks in related sectors.
Shiba (Token) — The token’s price has been fluctuating severely, leading to high levels of community discussion. Certik recently announced that Shiba’s security rating has returned to AAA, indicating a very positive development for Shiba. The Layer 2 network Shibarium is continually updating product developments, presenting potential hype opportunities at any moment. It is essential to stay updated on this token.
20.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trending Tokens: BTC, BOB, MetaForce, GFAL
Pakistan Trending Keywords: BTC, ETH
b) Southeast Asia Region
Indonesia Trending Keywords: BTC, Dompet
Malaysia Trending Keywords: FTX, AVAX, CMC
Vietnam Trending Keywords: Cryptonews, CryptoBubble
Philippines Trending Tokens: Satoshi, UNI, OKB
c) East Asia and Hong Kong, Macau, and Taiwan
Trending Tokens: IVS
21.Google Trends Surge — English-speaking Countries, Europe, CIS Region
a) CIS Region
Trending Keywords: Luna, 1inch, Crypto News, Dune
b) English-speaking Countries
Australia Trending Tokens: BTC, OP, ETH, HEX
UK Trending Tokens: ADA, HEX, CFX
USA Trending Tokens: ONFO, MAGIC, GTA, Minswap
Canada Trending Tokens: ETH, Phantom
c) Europe
Spain Trending Tokens: CFX, ADA, FTM, BTC, MATIC, HEX
France Trending Tokens: BEN, YON, XMR, Worldcoin, Balancer
Germany Trending Tokens: DOGE, AVAX, MICA, XRP
Italy Trending Tokens: Nexus, Optimsim
Poland Trending Tokens: Airdrop, SHIB, XRP, ATOM, UNI, HIS
Switzerland Trending Tokens: Shib, XRP
Turkey Trending Tokens and Keywords: ETH, GPT, AI, GPT, Fire
22.Google Trends Surge — Middle East, Latin America, Africa
a) Africa
Trending Keywords: Faucet, Shib, AVAX, VALR
b) Middle East
Trending Keywords: Pepe, Crypto Batter, Crypto Bubbles, Crypto Desk
c) Latin America
Brazil Trending Tokens: Wibx, Free Bitcoin, BOMB, Shiba, UNI
Argentina Trending Keywords: Crypto
Mexico Trending Keywords: Genesis Crypto
