Arbitrum DAO's previously approved 225 million ARBs (approx. $190 million) Gaming Catalyst Program (GCP) has officially launched. According to the latest Transparency Report, the program has generated approximately $1.20 million in spending, with 93.5% going to management fees such as legal entity establishment and team compensation. CP plans to fund 100 projects over the next three years, and has received 64 project applications so far.
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Binance has noticed significant price volatility in ZKJ and KOGE. Preliminary investigations have found that this is mainly due to the withdrawal of large holders from on-chain liquidity and chain clearing houses in the market.
In order to maintain the fairness and stability of the market and reduce the systemic risk caused by excessive concentration, Binance will adjust the calculation rules of Alpha Points. As of 00:00 (UTC) on June 17, 2025, the trading volume of trading pairs between Alpha tokens will no longer be included in the calculation of AlphaPoints.
According to Artemis data, today's Ethereum net inflow is $153.10 million, Solana net inflow is $3.50 million; Base net outflow is $153.70 million, Arbitrum net outflow is $3 million.
"KOGE has been fully released from day one without lock-in," 48Club, a KOGE team, wrote yesterday. "Also, 48Club has never committed in any form not to sell its treasury holdings. Just like Binance never said it would not sell BNB. Please do your own research at your own risk."
ZKJ team Polyhedra posted that today's price drop was triggered by a series of abnormal on-chain transactions on the ZKJ/KOGE trading pair in a very short period of time. Our team is closely reviewing the situation and will share more as soon as possible.
On-chain data analyst Aunt Ai (@ai_9684xtpa) posted a further analysis of tonight's KOGE and ZKJ flash crash events:
1. Why smash KOGE first and then ZKJ?
Perhaps the most important reason is that ZKJ has contracts, and they can simultaneously sell on the chain when they open a short position on the exchange. Secondly, from a liquidity perspective, ZKJ's liquidity will be better, and it will cost more money to sell.
The market shows that BTC has broken through $105,500 and is now reported at $105,501.53, with a 24-hour increase of 0.57%. The market fluctuates greatly. Please do a good job in risk control.
The market shows that AVAX has fallen below $19 and is now quoted at $18.99, a 24-hour decline of 0.52%. The market is volatile, so please do a good job in risk control.