OVERVIEW

Sun Turns Dead Plushie Vendor Into $210M TRX Nasdaq Trojan 🧸

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total market and altcoin market cap charts:

NEWS
Sun Scoops A Nasdaq Shell, Tethers Tron to Wall Street 🤦 

Justin Sun just bought his way onto the big board. 🤑 

Tron ($TRX.X ( ▲ 2.77% )) will reverse-merge into toy-maker $SRM ( ▲ 533.79% ), rename itself Tron Inc, and stuff the carcass with up to $210 million in TRX - a not-so-subtle homage to Michael Saylor’s Bitcoin-hoarding playbook.

Dominari Securities brokered the deal from Trump Tower, where Donald Jr. and Eric are parked. Word is Eric grabs a seat at the new company.

At the open of the stonk market today, SRM popped:

It opened +289% above last Friday’s close.And it’s been up as much as +633% (as of 1600 EST) today.

The raise itself is peak crypto theater. 

SRM prints 100k Series B preferreds, convertible into 200 million commons at fifty cents, plus 220 million warrants at the same strike. Sun pockets the “advisor” badge, which usually means calling the shots without the paperwork.

But not everything smells like roses for Sun and TRON. Because the same day (today) the Sun/Tron/SRM news drops, Tether froze $12.3 million USDT on the TRON network, citing wallets that looked a little too “Breaking Bad” for comfort. 💊 

Tron spiked up close to 8% earlier in the day, but has since given up the majority of those gains.

And according to Stocktwits’ sentiment data, TRX hodlers and traders could care less - sentiment and message volume are as close to ‘meh’ as you’re gonna get. 🤷 

We’ll keep you updated as this story develops.

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NEWS
Scan, Consent, Collect: Your Healthcare Data That Pays You 🧑‍⚕️

AxonDAO ($AXGT.X ( ▲ 11.94% )) just grabbed SKALE’s zero-fee rails to build a gas-free health-data stack where users own the vault and the upside. 😎

SKALE says Medical data shouldn’t rot in some pharma silo while the folks who generated it get squat or risk HIPAA headaches. AxonDAO flips the script: encrypted vault, on-chain consent receipts, and AXGT rewards for playing nice with science.

SKALE ($SKL.X ( ▲ 7.13% )) slots in because its app-specific chains clear transactions in milliseconds and charge nothing, so no one’s eating a $20 ETH-clog fee just to toggle permissions.

If SKALE’s no-gas promise holds when academics pile in, AxonDAO could sneak into the default stack for any AI model that needs ethically sourced medical data – beats another monkey-jpeg marketplace, right? 🦍

From a price action perspective, SKALE looks like every other altcoin out there: like three-day old roadkill.

And, not surprisingly, Stocktwits users are decidedly bearish.

Conversely, AxonDAO is doing very, very well today.

And Stocktwits users are pretty damn bullish on AXGT. Last week, sentiment was at a dismal 35 - quite the spike Week-over-Week. 😯 

NEWS
Blockticity Rolls New Avalanche L1, Shreds Counterfeits At Customs 🛡️

Blockticity just yanked 45,000 trade certificates off $AVAX.X ( ▲ 4.9% ) public lanes and spun up its own Avalanche‑flavored L1. They’re minting another 700,000 COAs because, honestly, PDFs are so 2019. 😏

Why You Should Care 🤔 

• $1.2 B+ in authenticated stuff - sugar, solar panels, fancy jackets, you name it.

• ASTM D8558‑compliant (standard for using blockchain to verify Certificates of Authentication in supply chains) from day one, so U.S. CBP and the EU’s tree‑hugger deforestation rule have one less excuse.

• Predictable gas, stablecoin‑ready, EVM‑compatible translation: enterprises onboard without a migraine.

The Nuts & Bolts 🔩 

Blockticity’s COAs are tamper‑evident, metadata‑stuffed, and AI‑ready. Customs can scan, verify, and move on instead of playing email tag over grainy PDFs. 📃 

Coffee exporters? Their beans now come with geospatial receipts. Fashion labels? Chain‑of‑custody receipts mean knock‑offs get nuked. Solar panel importers? ESG box ticked, tariffs dodged, regulators pacified.

All of it came together on AvaCloud - Avalanche’s no‑code deployment kit - so Blockticity kept dev control without setting its hair on fire.

Validators open to outside partners soon. An AI dashboard is on deck for compliance desks that like pretty charts with real data behind them. Early‑access sign‑ups are live for anyone tired of fake invoices and rubber‑stamped cargo.

Blockticity has already moved the paperwork for a billion‑dollar chunk of global trade onto a sovereign chain. Customs can keep their staplers - Blockticity automated the job. 🤖 

NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️

💸 PayPal Plots PYUSD on Stellar

Pending New York approval, the stablecoin will join Stellar’s 170-country payment rails to chase micro-loans and cross-border cash flows beyond Ethereum’s fee circus. PYUSD holders get more on-ramps, liquidity, and PayFi working-capital buzzwords in one migration. Funny how old-guard fintech discovers “real-world utility” right after fees drop to fractions of a cent. Stellar.

🎮 Sonic Throws 400 K SONIC at Hey Anon, Because AI Nannies Are Cheaper Than User Manuals

Sonic Labs just poured 400,000 S into Hey Anon so an on-chain chatbot can babysit your DeFi experiments. The cash comes from a 200 million S Innovator Fund that flexes “fast, scalable, real-world” every third sentence. If this bot keeps you from rage-bridging to the wrong chain, Sonic might finally earn its speed-demon branding. Sonic Labs.

🛂 Civic Pass Heads to Retirement While Auth Gets the Spotlight

Enjoy the quiet - bots no longer need to prove they’re human. Civic just put a July shutdown timer on its CAPTCHA and liveness checks so it can pour everything into a five-minute wallet-ready Civic Auth and an AI-flavored identity layer. Customers have the month to grab their data before the doors lock on July 31. Civic.

NEWS IN THREE SENTENCES
Real World Asset Tokenization (RWA) News 🪙

🛠️ Crossmint Drops No-Code Toolkit on COTI, Lets Enterprises Ship Privacy Apps by Monday

If corporate devs still miss deadlines after this, blame coffee, not blockchain. The $23.6 million-funded infra shop plugged its wallet, payments, and AI agent suite into COTI’s garbled-circuit mainnet, promising weekend builds for brands like Mastercard. Builders now get Apple-Pay checkouts, embedded custodial wallets, and encrypted computation without touching Solidity. COTI.

💧 Curve Drops on XDC to Court Enterprise Liquidity

Curve’s stableswap and cryptoswap pools are now pumping on XDC, luring asset issuers with sub-penny fees and deep RWA ambitions across Asia and the Middle East. The EVM chain’s trade-finance roots give institutional desks the compliance blanket they crave. Cue centralized exchanges sweating over their spread. Curve.

NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️

🎮 Immutable Moves IMX Staking to zkEVM and Ends the X Era

IMX holders must bridge to Immutable zkEVM by June 19 if they want fortnightly rewards and Passport wallet perks. The old staking pool cashes out 4.8 million tokens and shuts the lights the same day. Miss the bus and your IMX just becomes pixel art in the wrong wallet. Immutable.

🤖 KEX Gives Every AI Agent Its Own Chainlet and a God Complex

Chrono Games unveiled KEX, handing autonomous bots personal blockchains so they stop clogging shared lanes. Saga’s chainlet architecture grants each agent dedicated compute, memory, and DeFi plumbing while cranking the “Large Agentic Model” hype meter past 11. Soon you’ll gamble on self-learning NPCs that can trade - and trash-talk - better than you. Saga.

NEWS IN THREE SENTENCES
DeFi, DEX, & Lending Protocol News 🏦

🔐 Flare Secures BitGo Custody for FLR and SGB

Well, nothing says “institutional-ready” like handing the keys to a $100 billion custodian.BitGo now guards FLR and Songbird’s SGB, adding fully segregated accounts and MiCA coverage to Flare’s pitch deck. Staking support and U.S.-grade compliance arrive next, right as VivoPower parks $100 million in XRP on Flare. Flare Network.

🎥 Real Vision Taps Sui to Reward Armchair Macro Gurus with On-Chain Cred

Raoul Pal’s media empire picked Sui’s (not surprising since he’s said 70% of his portfolio is in Sui) high-speed L1 to track member contributions and mint future reward tokens behind the scenes. The partnership promises transparent attribution, governance perks, and Web3 badges without forcing subscribers to learn gas fees. Expect the comment section to mutate once every hot take is literally on the ledger. Sui.

LINKS
Links That Don’t Suck 🔗

📱 Trump Organization announces mobile plan, $499 smartphone

⚠️ Binance issues a crucial scam warning involving all users: Details

🧠 How VCs trade token unlocks (and what you can learn from them)

🧔 The legal personhood of decentralized systems

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