24H Hot Tokens and News｜SpaceX Acquires Cursor; CZ Criticizes Hyperliquid Compliance (June 17)
- Core Viewpoint: The cryptocurrency market is showing divergent trends, with some tokens (such as WLD, UNI) recording significant gains, while the industry is experiencing regulatory tightening (Illinois imposes digital asset transaction tax), structural market changes (cooling retail interest in South Korea), and accelerated compliance processes (Binance addressing MiCA transition).
- Key Elements:
- CEX trading data shows WLD (+20.24%) and UNI (+19.4%) leading the top 10 in trading volume, while SENT (+23.79%) and UNI (+19.37%) lead the 24-hour gainers list.
- Illinois has signed a bill to impose a 0.2% broker's occupational tax on digital asset transactions starting in 2027, with an estimated annual revenue of approximately $60 million, becoming the first state in the US with such a tax.
- South Korea's Q1 retail crypto trading volume fell 28% year-on-year to $69 billion, mainly due to capital being drawn away by the semiconductor sector and domestic exchange compliance restrictions pushing users to overseas platforms.
- Binance has responded to the license controversy, stating it has been actively communicating on MiCA compliance over the past 18 months, that Greek regulators have approved its application, and warning that delays will weaken EU market liquidity.
- Ondo Finance announced a partnership with Korean asset management firm Mirae Asset to tokenize 10 Global X ETFs (covering AI, blockchain, etc.), promoting the on-chain movement of traditional assets.
- Prediction markets Polymarket and Kalshi plan to strengthen anti-fraud measures during the World Cup; Kalshi's annualized revenue reached approximately $1.5 billion in May this year.
- DeepSeek's first round of financing may have been finalized, with founder Liang Wenfeng personally contributing approximately 20 billion yuan, and Tencent, CATL system, etc. participating, with a total financing scale of approximately 40-50 billion yuan.
1. Popular Tokens on CEX
Top 10 CEX Trading Volume & 24-Hour Change:
- BTC: -0.75%
- ETH: +0.21%
- SOL: -0.23%
- XRP: -0.9%
- BNB: -1.52%
- WLD: +20.24%
- ZEC: -1.22%
- DOGE: -0.32%
- XLM: +5.67%
- UNI: +19.4%
24-Hour Gainers (Data Source: OKX):
- SENT: +23.79%
- UNI: +19.37%
- WLD: +18.97%
- ID: +18.07%
- VELODROME: +17.21%
- CFG: +11.52%
- JTO: +10.75%
- HYPE: +10.54%
- TIA: +10.06%
- PENDLE: +9.87%
24-Hour Crypto Equity Gainers (Data Source: msx.com):
- SOXS.M: 15.7%
- MSTZ.M: +12.58%
- BNC.M: +11.49%
- HYPD.M: +10.96%
- VIVO.M: +10.69%
- CRWV.M: +10.01%
- AIXC.M : +8.76%
- RBLX.M: +8.52%
- VELO.M : +8.32%
- BTBT.M: +8.29%
2. Top 5 On-Chain Meme Tokens (Data Source: GMGN):
- SPACEMOON
- Lobster
- 4
- SHDX
- WARD
Headlines
CZ: Hyperliquid's innovation is great, but I won't follow their approach
Galaxy's Head of Research shared CZ's comments on Hyperliquid on the X platform. CZ stated: "I think this innovation from Hyperliquid is really great. They occupy a niche market that Binance cannot compete in. They don't require KYC and claim to be decentralized."
CZ also stated that based on his professional experience, he would not adopt Hyperliquid's current operational model, adding jokingly: "I guess they must have very good lawyers."
SpaceX (SPCX.O) to acquire Anysphere, the creator of Cursor, via a merger
A U.S. SEC filing shows that SpaceX (SPCX.O) will acquire Anysphere through a merger.
Anysphere, Inc. is an American AI software startup, with Cursor as its primary brand and product. Anysphere's equity valuation is $60 billion.
Korea Times: Koreans losing interest in cryptocurrency trading
South Korea's retail cryptocurrency trading volume in the first quarter of this year was $69 billion, ranking second globally, behind the US's $212 billion. Data shows that South Korea's cryptocurrency trading volume in the quarter fell 28% year-on-year, the largest decline among major global markets. In comparison, the US trading volume was $21.2 billion, Russia $4.8 billion, India $4.6 billion, and Turkey $4 billion.
Analysis points out that the rise in the semiconductor sector of the South Korean stock market has absorbed a large amount of retail capital. Additionally, the country's Virtual Asset User Protection Act has raised compliance requirements, restricting domestic exchanges to spot trading only, while overseas platforms offer a wider range of products including derivatives and leverage.
Industry News
《CLARITY Act》Proposes $150 Million to Combat Digital Asset Crime
U.S. Senator Cynthia Lummis stated on the X platform that the 《CLARITY Act》 would allocate $150 million to support law enforcement in tracking scammers and other criminals in the digital asset space, strengthening efforts to combat cryptocurrency-related criminal activities.
US ADP Employment Change for Week Ending May 30: 25,500
The US ADP employment change for the week ending May 30 was 25,500, compared to the previous value of 29,000.
Illinois is set to become the first US state to tax digital asset transactions. The 《Digital Asset Tax Law》 included in SB 3019, signed by Governor J.B. Pritzker, imposes a 0.2% business tax on brokers who trade, transfer, or custody digital assets for clients within the state. It is expected to take effect on January 1, 2027, and is projected to generate approximately $60 million in annual tax revenue for the state.
Project News
Binance responded on the X platform to news regarding the EU license, stating that the company remains committed to serving European users and will continue to conduct business in accordance with applicable laws.
Binance stated that as the MiCA transition period draws to a close, the company is adopting a prudent, user-first strategy to minimize the impact of business adjustments. It will disclose further arrangements and options to users after obtaining more information, planning to provide an update by June 30, 2026.
Furthermore, Binance stated that over the past 18 months, it has maintained constructive communication with regulators and actively participated in the MiCA approval process. According to its understanding, the Greek regulatory authority has completed its review of the relevant application and deemed it compliant with MiCA requirements. The application has also undergone review at the European Securities and Markets Authority (ESMA) level.
Binance also stated that any delays or deviations in the MiCA authorization process could weaken market liquidity, competition, and user choice, potentially pushing some activities outside the EU. The company will continue to seek compliant operational pathways under the MiCA framework and keep users informed of progress.
Ondo Finance announced on the X platform that it has partnered with Mirae Asset, South Korea's largest asset management company, to tokenize its Global X ETF product line via the Ondo Global Markets platform.
Ondo stated that Mirae Asset will become the first asset manager in Asia to bring its existing ETF product line on-chain. The initial batch will cover 10 Global X ETFs, spanning sectors such as AI & Technology, Blockchain & Digital Assets, Robotics & Space Innovation, Lithium & Silver, Defense Tech, and Covered Call Option Income Strategies.
Ondo believes the asset management industry is becoming a key area for financial tokenization transformation. The next generation of capital market infrastructure is being built on-chain, and traditional institutions that defined the previous financial system are beginning to embrace this trend.
Polymarket and Kalshi to Enhance Anti-Fraud Measures During World Cup
Prediction market platforms Polymarket and Kalshi announced they will accelerate the deployment of anti-fraud measures during the World Cup to combat potential fraudulent groups, while continuing to expand the coverage of tradable events.
The report states that both companies are bringing more real-world events into prediction markets to enhance user engagement and market liquidity. As trading volume continues to grow, related fraudulent activities have also increased. It is noted that Kalshi's annualized revenue reached approximately $1.5 billion in May of this year.
Fundraising
DeepSeek's First Funding Round May Be Finalized; Liang Wenfeng Personally Invests ~20 Billion Yuan
Multiple investment institutions have learned that DeepSeek's first funding round may have been finalized. Founder Liang Wenfeng personally invested approximately 20 billion yuan, making him the largest single investor in this round. Tencent invested approximately 10 billion yuan; the CATL system (including CATL and Puquan Capital) invested approximately 5 billion yuan. NetEase, JD.com, Monolith, and IDG Capital each invested approximately 3 billion yuan. Zhengxingu Investment and Shixiang Technology each invested approximately 1.5 billion yuan.
