Key Market Information Discrepancy on June 30th - A Must-Read! | Alpha Morning Report

Top News

1.Robinhood to Announce Major Crypto Business News Today

2.Stablecoin USD1 Hits Record High 24-hour Trading Volume of $1.25 Billion

3.Base Co-founder: Major Announcement to be Made on July 16

4.ARB Surges Over 18% in 24 Hours, Currently Trading at $0.3706

5.Cathay Hontex: More Hong Kong Brokerages May Enter Virtual Asset Business

Articles & Threads

1.《Even Crypto Retail Investors Can Now Buy SpaceX Equity? A Look at Three Major Private Equity Tokenization Platforms》

On June 27, Web3 startup Jarsy announced a $5 million Pre-seed financing 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 belonged to institutions and super-rich individuals? Jarsy's answer is to reconstruct participation using blockchain technology—turning private equity of unlisted companies into asset-backed tokens, allowing ordinary people to invest in the growth of star companies like SpaceX and Stripe for as little as $10.

2.《Stablecoin Weekly Report | Payment Giants Make a U-turn: Why are Mastercard and Fiserv Embracing Stablecoins, and How Will Traditional Card Networks' Moats be Rewritten?》

Tether has entered the AI field, launching the Wallet Development Kit (WDK), Tether Data, and the Tether AI platform to build self-custodial wallet infrastructure; USDT currently holds over half of the global $243 billion stablecoin market share, amounting to $155 billion, with the U.S. Treasury Secretary stating that clear stablecoin regulations could drive the industry's value to over $2 trillion by 2028.

Market Data

Daily overall market funding rate heat map (reflecting funding rates) and token unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks