July 25 Key Market Information Discrepancy, A Must-Read! | Alpha Morning Report

Top News

1. Altcoins Continue to Decline, SPK Plunges Over 32% in 24 Hours

2. Injective Launches On-Chain Tokenized SharpLink Gaming Stock Asset SBET

3. Sotheby's Subsidiary Establishes Cryptocurrency Real Estate Trading Department

4. OSL Group Plans HK$2.355 Billion Rights Issue for Strategic Acquisitions, Stablecoin Business, etc.

5. Kalshi Partners with xAI to Introduce Grok to Prediction Markets

Articles & Threads

1. "A Livestream That Completely Broke pump.fun"

Before the livestream, in the English community, some jokingly referred to this as the "FOMC" of the crypto world. In terms of results, this livestream indeed had a profound impact on the token's price, with $PUMP plummeting nearly 15% during the livestream, experiencing a daily drop of close to 20%, and at one point falling below a $3 billion market cap.

2. "In-Depth Research Report on Stock Tokenization: Opening the Second Growth Curve of the Bull Market"

Whether it is the widespread adoption of stablecoins in the payment and settlement field or the rapid growth of on-chain national debt and promissory note products, the "on-chain of traditional assets" has transformed from an idealistic vision into a realistic experiment. Within this trend, stock tokenization, also known as "Tokenized Stocks," has become one of the most controversial and promising tracks.

Market Data

Daily Market Overall Funding Heatmap (based on Funding Rate) and Token Unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks