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Kollectiv operates at the nexus of an exclusive membership platform with a sophisticated rewards system. This combination creates a vibrant ecosystem where engagement and loyalty directly translate into digital, physical, and intellectual benefits.
Gate launches RLUSD, opening four major trading pairs with multiple incentive measures
crypto asset trading platform Gate has announced the listing of RLUSD, a U.S. dollar stablecoin launched by Ripple, at 17:00 (UTC+8) on June 15. Simultaneously, it will open the BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and RLUSD/USDT trading pairs. RLUSD is fully backed 1:1 by U.S. dollar deposits, short-term U.S. Treasury bonds, and other cash equivalents, with monthly reserve audit reports enhancing transparency and compliance. This stablecoin is specifically designed for payment use cases, aiming to meet the growing demand from users, developers, and institutions for transparent, interoperable stablecoins with real-world application capabilities.To support the listing, Gate has simultaneously launched a market incentive program totaling 750,000 RLUSD. This program includes measures such as CandyDrop trading incentives, VIP-exclusive airdrops, withdrawal fee reductions, and KOL promotions, all designed to drive genuine trading demand, improve market depth, and attract new user participation and market vitality. The listing of RLUSD combined with the concentrated release of incentive resources demonstrates Gate's strategic direction of continuously improving its stablecoin trading ecosystem and enhancing multi-asset liquidity and trading efficiency. Moving forward, Gate will expand its offerings with more high-quality assets and ecosystem partnerships, driving the continued evolution of digital asset market infrastructure.
Hong Kong Securities and Futures Commission (SFC): Virtual Asset Financial Influencers Are the New Business Norm; Discussions with Industry Underway on Potential Regulation
According to the Hong Kong Economic Journal, in response to concerns raised by Hong Kong Legislative Council members regarding potential regulatory gray areas involving financial KOLs (Key Opinion Leaders) in the virtual asset space, Mr. Yip Chi Hang, Executive Director of the Intermediaries Division at the Securities and Futures Commission (SFC) of Hong Kong, stated that financial KOLs represent a new business norm—not the traditional relationship between individuals and conventional securities firms, but rather the relationship between individuals and platforms. However, many such platforms are not based in Hong Kong, and their reach is borderless—making this a shared challenge for global regulators. The SFC has already begun closely engaging with the industry to understand the landscape and is actively discussing whether new regulatory considerations—including enhancements to licensing requirements and codes of conduct—are warranted.
The Most Crypto-Savvy Fed Chair Arrives: Huobi HTX Invites Multiple KOLs to Discuss the Interplay Between the Federal Reserve and the Crypto Market
According to an official social media announcement, HTX will host a live-streaming event titled “The Most Crypto-Savvy Fed Chair Has Arrived: Can Bitcoin Enter a Policy Honeymoon Period?” at 8:00 PM today (UTC+8). This event will take the form of a debate, with participants 0xpink, Amber, Zizhong, and Maomaojie facing off against Xiao Nezha, Dalin, Dabiaoge, and 0xmoon to engage in an in-depth discussion on expectations for Federal Reserve policy shifts, macro-level liquidity trends, and Bitcoin’s outlook.
The first scam of the World Cup? WCUP surged to a market cap of approximately $50 million, with 95% of its supply controlled by a single entity
that, according to Bubblemaps, the FIFA-related token WCUP, which launched yesterday, surged to a market cap of approximately $50 million. Over 30 new wallets snapped up 95% of its supply immediately at the opening. These wallets were funded by multiple centralized exchanges within the half-hour before the launch, had no prior on-chain history, and subsequently distributed the tokens to over 2,500 new addresses via Uniswap Router.Bubblemaps noted that the project's documentation only vaguely mentions a presale and partner allocations, with no on-chain evidence directly linking to the team. However, this level of concentration, combined with undisclosed paid promotion arrangements with KOLs, poses a significant risk.
U.S. stock trader CBB reactivated a sub-address and opened an $18 million position.
According to Hyperinsight monitoring, due to recent volatility and declines in U.S. equities, renowned U.S. stock trader and KOL “CBB” has reactivated a sub-address, transferring $16 million into Hyperliquid and establishing positions across as many as 38 assets—including U.S. equities and commodities—with the largest current position being a short on MU (Micron Technology).
Bubblemaps: MYSTERY—Potential Market Manipulation, with a Small Number of Wallets Controlling 90% of the Token Supply
On X, on-chain analytics platform Bubblemaps stated that the token MYSTERY may have exhibited highly centralized control during its initial launch phase, describing it as a “textbook scam.” Bubblemaps disclosed data showing that approximately 90 newly created wallets seized roughly 90% of the token’s supply at launch and have since continuously dumped their holdings—generating over $100,000 in proceeds so far, while still retaining about 40% of the total supply. Additionally, the token’s launch featured clear “bundled distribution” and centralized control characteristics, and some KOLs promoting MYSTERY were reportedly paid to do so.
KOL EnHeng purchased over 46,000 tokens on RAVE’s second day of launch and is now the #9 largest holder on the BSC network.
At the current price, if this address did not sell upon transferring into Aster, the holding return is approximately 462%, with an unrealized profit of about $86,000.
Gate launches RLUSD, opening four major trading pairs with multiple incentive measures
crypto asset trading platform Gate has announced the listing of RLUSD, a U.S. dollar stablecoin launched by Ripple, at 17:00 (UTC+8) on June 15. Simultaneously, it will open the BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and RLUSD/USDT trading pairs. RLUSD is fully backed 1:1 by U.S. dollar deposits, short-term U.S. Treasury bonds, and other cash equivalents, with monthly reserve audit reports enhancing transparency and compliance. This stablecoin is specifically designed for payment use cases, aiming to meet the growing demand from users, developers, and institutions for transparent, interoperable stablecoins with real-world application capabilities.To support the listing, Gate has simultaneously launched a market incentive program totaling 750,000 RLUSD. This program includes measures such as CandyDrop trading incentives, VIP-exclusive airdrops, withdrawal fee reductions, and KOL promotions, all designed to drive genuine trading demand, improve market depth, and attract new user participation and market vitality. The listing of RLUSD combined with the concentrated release of incentive resources demonstrates Gate's strategic direction of continuously improving its stablecoin trading ecosystem and enhancing multi-asset liquidity and trading efficiency. Moving forward, Gate will expand its offerings with more high-quality assets and ecosystem partnerships, driving the continued evolution of digital asset market infrastructure.
The first scam of the World Cup? WCUP surged to a market cap of approximately $50 million, with 95% of its supply controlled by a single entity
that, according to Bubblemaps, the FIFA-related token WCUP, which launched yesterday, surged to a market cap of approximately $50 million. Over 30 new wallets snapped up 95% of its supply immediately at the opening. These wallets were funded by multiple centralized exchanges within the half-hour before the launch, had no prior on-chain history, and subsequently distributed the tokens to over 2,500 new addresses via Uniswap Router.Bubblemaps noted that the project's documentation only vaguely mentions a presale and partner allocations, with no on-chain evidence directly linking to the team. However, this level of concentration, combined with undisclosed paid promotion arrangements with KOLs, poses a significant risk.
SpaceX Stock Pre-Market Arbitrage Review: 10% Spread Still Existed Yesterday
Odaily News: Ahead of the SpaceX IPO, the SPCX pre-market contract on several CEXs and on-chain Perp DEXs presented arbitrage opportunities due to differences in share count calculations and rebase mechanisms, which multiple KOLs capitalized on. Among them, crypto KOL Silicon Bird | Ray shared: “Last night, I went long on BN and short on HL, still capturing a 10-point arbitrage opportunity. BN issued a rebase announcement last night. Since the initially estimated share count (11.87B) differed from the actual share count (13.08B), SPCXUSDT positions will be converted at a ratio of 1.1. This means BN’s SPCX price will be divided by 1.1, while the position size will be multiplied by 1.1. This created a massive arbitrage opportunity because SPCX on Hyperliquid was also originally launched based on the 11.87B share count. However, the documentation clearly states that Hyperliquid’s SPCX will not rebase (as an HIP-3 DEX, trade.xyz doesn’t have this capability either). Hyperliquid’s current SPCX tracks the Class A common stock price. I submitted a ticket to trade.xyz and received a clear response confirming there will be no rebase.” Additionally, he analyzed the reasons behind "SPCX on trade.xyz will not rebase," stating: “There are several key reasons. Those familiar with Hyperliquid and trade.xyz understand their relationship: the former is a trading-specific L1 blockchain, while the latter is a DEX based on Hyperliquid’s HIP-3. trade.xyz is somewhat like an outsourced team, essentially just setting up a platform within Hyperliquid’s ecosystem.1. We need to understand that a rebase is an extremely complex operation, involving halting trading, forced liquidations, and reopening positions. This is a major engineering challenge even for large CEXs (such as OKX and BN, which are undergoing this rebase). Smaller exchanges like Bitget have simply given up and opted for a relist. For an on-chain team dependent on another blockchain, this is an even more daunting task.2. When trade.xyz first launched the contract, it mentioned an estimated share count of 11.87B. However, they later realized this could be controversial and promptly removed any mention of the estimated share count from their documentation. They clearly emphasized that the price tracked by SPCX on trade.xyz is the Class A common stock price of SPCX, and added extensive disclaimers stating there will be no rebase.”Crypto KOL KyleChen also posted last night: “The optimal hedging strategy should be on OKX’s pre-market perpetual. The IPO subscription cost is 142u, leaving around 14% profit margin. Comparison of three pre-market platforms:- OKX Pre SpacX: 162u, essentially confirmed as per-share price- Binance current price: 167u, with an announced rebase scheduled for 6/10 at a factor of 1.1, resulting in an adjusted price around 151.2u- Hyperliquid: 168u, its pre-market contract is provided via trade.xyz based on HIP-3. From a technical infrastructure standpoint, the contract does not directly supp
Bitget Wallet Launches "Shout-Out Trading Competition" with 10,000 USDT Prize Pool
Odaily Odaily News, Bitget Wallet will officially launch the "Shout-Out Trading Competition" starting June 3rd, Beijing time. The event will run until June 30th, with a total prize pool of 10,000 USDT. The top 200 real users are eligible for distribution, with the first-place winner receiving 1,200 USDT.Any Bitget Wallet user with a wallet balance of ≥ $100 USD and a linked X account can participate in this event. It supports any asset, including mainstream coins, Memecoins, and RWA stocks. Users can navigate to the chart page of any token, click the "Shout-Out" button, and set a bullish or bearish direction to complete a shout-out. The daily limit is 6 shouts, and a single user can only shout out for the same token once. During the competition, users must post at least 10 shouts and participate for over 5 days to be eligible for the prize pool. The leaderboard's overall score is calculated with shout-out count and average price movement multiple each accounting for 50% weight, with a single maximum of 999x counted. Users who meet all competition thresholds will unlock the exclusive "Bitget Wallet Shout-Out King" title.The new gameplay in this event is a man vs. machine competition between real users and KOL AI Agents. The KOL AI Agent extracts historical shout-out records of well-known KOLs on X, refines their preferred sectors, entry market cap ranges, and shout-out styles. The Agent then automatically scans for low-market-cap opportunities on-chain and initiates predictions. The KOL AI Agent leaderboard is displayed independently and does not participate in prize distribution, serving as a free signal reference for real users.
Bitget Wallet and Stellar Launch PayFi Odyssey with 300,000 USDT in XLM Rewards
Bitget Wallet has announced the launch of the "PayFi Odyssey" campaign in collaboration with Stellar, featuring a 300,000 USD equivalent XLM reward program to drive everyday on-chain payment adoption in Asia, Africa, and Latin America.The campaign will roll out in phases starting from May 26, consisting of two components: crypto card and scan-to-pay. From 16:00 on May 26 to 15:59 on July 7 (Beijing time), Bitget Wallet Card holders can accumulate points by completing spending and Stellar-related tasks, sharing a pool of 200,000 USD equivalent in XLM rewards proportionally based on points earned. The scan-to-pay event will be held in two phases: May 28 to June 30 and July 1 to July 31. For each scan-to-pay transaction, users can share in a 100,000 USD equivalent XLM pool. Additionally, the event features a "Crypto Survival Plan" open to KOLs who can share real-life everyday payment stories.This campaign builds on Bitget Wallet’s previous integration with Stellar, aiming to further deepen collaboration in the PayFi space and bring on-chain assets into daily consumer spending and payment scenarios for users.
KOL: Bitget Shifts to In-House US Stock Product, Supporting Broker Direct Connection and Stablecoin Trading
crypto KOL Kuai.dong posted on X platform, stating that Bitget is abandoning its existing stock token model and switching to an in-house US stock product with direct broker connections. The product will still be presented in the form of US stock tokens, but will offer an experience and liquidity closer to actual US stocks, and will enable stablecoin-based trading, as well as support for stock dividends and cash dividends. Since the end of last year, Bitget has been selectively recruiting employees from internet brokerages, mainly in operations and VIP client relationship management.
Related news
Gate launches RLUSD, opening four major trading pairs with multiple incentive measures
crypto asset trading platform Gate has announced the listing of RLUSD, a U.S. dollar stablecoin launched by Ripple, at 17:00 (UTC+8) on June 15. Simultaneously, it will open the BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and RLUSD/USDT trading pairs. RLUSD is fully backed 1:1 by U.S. dollar deposits, short-term U.S. Treasury bonds, and other cash equivalents, with monthly reserve audit reports enhancing transparency and compliance. This stablecoin is specifically designed for payment use cases, aiming to meet the growing demand from users, developers, and institutions for transparent, interoperable stablecoins with real-world application capabilities.To support the listing, Gate has simultaneously launched a market incentive program totaling 750,000 RLUSD. This program includes measures such as CandyDrop trading incentives, VIP-exclusive airdrops, withdrawal fee reductions, and KOL promotions, all designed to drive genuine trading demand, improve market depth, and attract new user participation and market vitality. The listing of RLUSD combined with the concentrated release of incentive resources demonstrates Gate's strategic direction of continuously improving its stablecoin trading ecosystem and enhancing multi-asset liquidity and trading efficiency. Moving forward, Gate will expand its offerings with more high-quality assets and ecosystem partnerships, driving the continued evolution of digital asset market infrastructure.
The first scam of the World Cup? WCUP surged to a market cap of approximately $50 million, with 95% of its supply controlled by a single entity
that, according to Bubblemaps, the FIFA-related token WCUP, which launched yesterday, surged to a market cap of approximately $50 million. Over 30 new wallets snapped up 95% of its supply immediately at the opening. These wallets were funded by multiple centralized exchanges within the half-hour before the launch, had no prior on-chain history, and subsequently distributed the tokens to over 2,500 new addresses via Uniswap Router.Bubblemaps noted that the project's documentation only vaguely mentions a presale and partner allocations, with no on-chain evidence directly linking to the team. However, this level of concentration, combined with undisclosed paid promotion arrangements with KOLs, poses a significant risk.
Vida, founder of Equation, announced a short position on SpaceX’s pre-market contract, planning to hold it for 3 to 12 months.
According to crypto KOL “AB Kuai.Dong,” Vida, founder of Equation News, announced this morning that she has shorted some pre-market SpaceX contracts on a cryptocurrency exchange at a short price of $162.46, with plans to hold the position for 3 to 12 months. Vida also noted that the current IPO offering price set by major brokerages is $135.
U.S. stock trader CBB reactivated a sub-address and opened an $18 million position.
According to Hyperinsight monitoring, due to recent volatility and declines in U.S. equities, renowned U.S. stock trader and KOL “CBB” has reactivated a sub-address, transferring $16 million into Hyperliquid and establishing positions across as many as 38 assets—including U.S. equities and commodities—with the largest current position being a short on MU (Micron Technology).
Solana DEX Weekly Active Traders Surpass 1.2 Million, Ranking First Among All Public Chains
Odaily News, Dune data shows that as of the latest statistics, the number of weekly active traders on Solana's on-chain DEX is approximately 1.24 million, continuing to rank first among all public chains.Data reveals that during the same period, BNB Chain had approximately 624,000 weekly active DEX traders, Polygon had about 410,000, Base had around 209,000, and Ethereum had approximately 78,000. Networks such as World Chain, Sui, Arbitrum, Celo, and Optimism each had fewer than 30,000 weekly active DEX traders.Although it has significantly declined from the peak of over 4.5 million at the beginning of 2025, Solana's current scale of weekly active DEX traders still exceeds 1 million, roughly twice that of BNB Chain. In response, crypto KOL Adam stated: "Putting price factors aside, Solana DEX still has over 1 million active traders every week. If you're still here, know that there are many others persisting alongside you."
SpaceX Stock Pre-Market Arbitrage Review: 10% Spread Still Existed Yesterday
Odaily News: Ahead of the SpaceX IPO, the SPCX pre-market contract on several CEXs and on-chain Perp DEXs presented arbitrage opportunities due to differences in share count calculations and rebase mechanisms, which multiple KOLs capitalized on. Among them, crypto KOL Silicon Bird | Ray shared: “Last night, I went long on BN and short on HL, still capturing a 10-point arbitrage opportunity. BN issued a rebase announcement last night. Since the initially estimated share count (11.87B) differed from the actual share count (13.08B), SPCXUSDT positions will be converted at a ratio of 1.1. This means BN’s SPCX price will be divided by 1.1, while the position size will be multiplied by 1.1. This created a massive arbitrage opportunity because SPCX on Hyperliquid was also originally launched based on the 11.87B share count. However, the documentation clearly states that Hyperliquid’s SPCX will not rebase (as an HIP-3 DEX, trade.xyz doesn’t have this capability either). Hyperliquid’s current SPCX tracks the Class A common stock price. I submitted a ticket to trade.xyz and received a clear response confirming there will be no rebase.” Additionally, he analyzed the reasons behind "SPCX on trade.xyz will not rebase," stating: “There are several key reasons. Those familiar with Hyperliquid and trade.xyz understand their relationship: the former is a trading-specific L1 blockchain, while the latter is a DEX based on Hyperliquid’s HIP-3. trade.xyz is somewhat like an outsourced team, essentially just setting up a platform within Hyperliquid’s ecosystem.1. We need to understand that a rebase is an extremely complex operation, involving halting trading, forced liquidations, and reopening positions. This is a major engineering challenge even for large CEXs (such as OKX and BN, which are undergoing this rebase). Smaller exchanges like Bitget have simply given up and opted for a relist. For an on-chain team dependent on another blockchain, this is an even more daunting task.2. When trade.xyz first launched the contract, it mentioned an estimated share count of 11.87B. However, they later realized this could be controversial and promptly removed any mention of the estimated share count from their documentation. They clearly emphasized that the price tracked by SPCX on trade.xyz is the Class A common stock price of SPCX, and added extensive disclaimers stating there will be no rebase.”Crypto KOL KyleChen also posted last night: “The optimal hedging strategy should be on OKX’s pre-market perpetual. The IPO subscription cost is 142u, leaving around 14% profit margin. Comparison of three pre-market platforms:- OKX Pre SpacX: 162u, essentially confirmed as per-share price- Binance current price: 167u, with an announced rebase scheduled for 6/10 at a factor of 1.1, resulting in an adjusted price around 151.2u- Hyperliquid: 168u, its pre-market contract is provided via trade.xyz based on HIP-3. From a technical infrastructure standpoint, the contract does not directly supp