News linked to both this project and an event.
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.
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.
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
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 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.
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.
On-chain sleuth ZachXBT posted on his personal channel that chain tracking analysis shows at least approximately $25 million in presale funds from two investment schemes related to Gurhan Kiziloz show signs of commingling. These funds were transferred to pay for promotions by KOLs and streamers, linked to his online gambling platform. ZachXBT stated that the fundraising materials for the related presale projects, BlockDAG Network and ZKP, did not disclose that the funds would be used to support other businesses. However, on-chain data reveals that after the funds were pooled across multiple addresses, they were transferred via cross-chain bridges to exchanges and then to promotional payment addresses.ZachXBT also named several related addresses, including the Spartans KOL payment address and the BlockDAG / ZKP presale wallets, and advised investors to stay away from the BlockDAG, ZKP, and Spartans projects. Currently, some retail investors are continuously complaining on social media about the use of these funds.
Odaily News ZachXBT stated that choosing to gamble on Spartans itself is an IQ test, questioning that the operators behind Spartans have long-term plans to harvest retail investors. ZachXBT pointed out that Gurhan Kiziloz, a figure associated with Spartans, previously operated BlockDAG Network, which failed to launch its mainnet or miner products for years yet still promoted its presale with claims of 300x returns, raising at least $350 million from inexperienced retail investors. ZachXBT further indicated that BlockDAG has recently shifted its focus to casino operations and suspects that the related casino platform may be used to legitimize BlockDAG's capital sources, including circulating funds by paying high fees to employees and KOLs. Previously, multiple community members and content creators also publicly questioned Spartans' marketing model and operational transparency, warning users of potential rug pull risks.
According to the official announcement, HTX (formerly Huobi) officially launched its 2026 Global Creator Recruitment Campaign on May 14, inviting external KOLs, community managers, live-stream hosts, and trading experts to join the HTX Creator Ecosystem. Participants will enjoy exclusive benefits including a permanent 60% referral commission, 100% reimbursement of live-stream tips, and monthly content mining contests. The first 200 creators who successfully onboard will receive an additional double-traffic boost.
Bitget Wallet has upgraded its KOL Signal Leaderboard, continuously integrating AI and on-chain daily financial capabilities to lower the barrier for users to discover investment opportunities. This upgrade adds a new “Riding-Along Count” metric alongside the existing signal frequency metric. Users can now view both the number of signals per cryptocurrency issued by KOLs and the on-chain “riding-along” count—quantifying real capital follow-through behind each signal—and also examine the distribution of signal timestamps and corresponding buy timestamps to assess whether momentum is still building. Meanwhile, Bitget Wallet has increased its data collection frequency to the second level, enabling real-time conversion of KOL tweets into trading signals. Leveraging large language models, the system intelligently filters these signals, automatically discarding casual chatter and promotional content while extracting only genuine bullish signals—reducing information noise. Currently, this feature covers over 8,000 core KOLs across multiple regions—including China, the U.S., and Japan—as well as more than 5,000 on-chain KOL addresses. Since launch, average daily usage per user has reached 12.28 times per month.
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.
According to crypto KOL AB Kuai.Dong, cryptocurrency exchange Binance recently launched its Binance Debit Card registration page and opened pre-registration applications, with the deadline set for April 30. After registration, the page indicates users will be notified separately once the card becomes available in their region. As described, users can use assets such as USDC, USDT, FDUSD, and BNB held in their Binance Earn accounts for everyday card payments, earning up to 3% cashback—without affecting their Earn returns.
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.