• Trump’s 90-day “reciprocal” tariff moratorium ends Wednesday with uncertain outcomes for countries lacking trade agreements
• Amazon extends Prime Day to four days starting Tuesday, doubling the traditional sale period
• June Federal Reserve meeting minutes release Wednesday will reveal policymakers’ economic perspectives
• Thursday brings quarterly earnings from Delta Air Lines, Conagra Brands, and Levi Strauss
• Key economic indicators include consumer credit data, jobless claims, and wholesale inventory figures

A critical trade deadline approaches Wednesday as President Trump’s 90-day suspension of higher tariffs reaches its end. Multiple countries face uncertainty about whether elevated import taxes will return without finalized trade deals.

Trump initially paused the “Liberation Day” tariffs in April to allow negotiation time. The grace period gave trading partners three months to reach new agreements with the United States.

BREAKING: Trump announces what appears to be a horrible trade deal for the United States and Vietnam. American businesses will now be paying between 20 and 40% for imports coming from Vietnam.

It’s literally like they want inflation. pic.twitter.com/WR0Hd6RDfs

— Brian Krassenstein (@krassenstein) July 2, 2025

Some nations have successfully concluded trade pacts, including the United Kingdom and Vietnam. Trump announced these agreements as examples of productive negotiations during the pause period.

Canada represents a different outcome, with Trump stating he has terminated discussions. The president indicated no further talks would occur with Canadian officials.

The Wednesday deadline leaves several countries in limbo regarding their trade status. Trump has not clarified whether he will restore the original tariff levels or grant additional time.

Amazon launches its annual Prime Day promotion on Tuesday with an expanded format. The e-commerce giant has doubled the event from two days to four days this year.

Prime Day Expansion and Market Performance

Last year’s Prime Day generated record sales figures for Amazon. The company’s decision to extend the 2025 event reflects confidence in consumer demand.

The four-day sale period runs from Tuesday through Friday. Amazon’s stock price has shown positive momentum ahead of the promotional event.

Stock markets ended last week at historic highs across major indices. The S&P 500 and Nasdaq both achieved new record closes on Thursday.

The Dow Jones Industrial Average finished near its own peak levels. Trading was shortened due to the Independence Day holiday on Friday.

Economic Data and Corporate Results

Federal Reserve officials will release June meeting minutes on Wednesday. These documents reveal how central bankers view current economic conditions and future policy directions.

The Fed uses economic data to guide interest rate decisions. Meeting minutes provide transparency about officials’ reasoning and debate topics.

Consumer credit information for May becomes available Tuesday. This data shows borrowing patterns and spending behavior among American consumers.

Weekly jobless claims data covers the period ending July 5. These figures track unemployment benefit applications nationwide.

Delta Air Lines presents quarterly results on Thursday after reporting increased passenger revenue. The airline sector has shown recovery momentum in recent quarters.

Conagra Brands, owner of the Slim Jim brand, also reports Thursday. The food company previously faced supply chain challenges that impacted sales and profitability.

Levi Strauss completes Thursday’s earnings lineup while managing potential tariff effects. The apparel company must navigate trade policy uncertainties.

President Trump signed comprehensive tax and spending legislation on Friday. Wholesale inventory data for May will accompany Wednesday’s Fed minutes release.

The post The Week Ahead: Tariff Tensions Meet Prime Day Frenzy – What It Means for Markets appeared first on CoinCentral.

• A whale bought 215,850 HYPE tokens worth $8.66 million, helping the token reclaim $40 with a 6.58% gain
• Futures traders are opening long positions with funding rates rising to 0.0084% and open interest up 4% to $1.84 billion
• Trading volume hit $1.56 billion, the highest since June 26, showing increased market activity
• HYPE is trading in an ascending triangle pattern near resistance, with potential to reach its $45.80 all-time high
• The token currently trades around $38-39, about 12% below its June peak, with market cap at $12 billion

Hyperliquid’s native token HYPE has regained momentum after a large investor purchased over 200,000 tokens worth $8.66 million. The buy helped push HYPE above $40 with a 6.58% gain in the past 24 hours.

The whale responsible for this purchase has previously made $8.44 million in profits trading HYPE. This investor acquired 215,850 HYPE tokens in a single transaction, adding fresh liquidity to the market.

HYPE currently trades around $38-39, approximately 12% below its all-time high of $45.80 set on June 16, 2025. The token’s circulating market cap stands at roughly $12 billion.

The whale’s entry appears to have influenced broader market sentiment. Futures traders are now opening long positions in anticipation of further price gains.

Data from CoinGlass shows HYPE’s funding rate has climbed to 0.0084% over the past 24 hours. A positive and rising funding rate typically indicates buying pressure exceeds selling pressure in the futures market.

Open interest has increased by 4% to $1.84 billion, reflecting more active trading contracts. This uptick in liquidity suggests renewed bullish momentum among market participants.

Futures Market Shows Growing Interest

Trading volume has reached $1.56 billion, marking its highest point since June 26. The surge in volume alongside price movement indicates increased trading activity across the platform.

The combination of rising funding rates and increased open interest points to growing confidence among derivatives traders. More positions are being opened as traders bet on continued upward movement.

Hyperliquid has seen strong capital inflows overall, with bridge deposits rising from $500 million in late 2024 to nearly $4 billion. The platform now processes over 75% of decentralized perpetuals trading volume.

Technical analysis reveals HYPE is trading within an ascending triangle pattern. This bullish formation features a rising support line and horizontal resistance level.

Price Action Approaches Critical Level

The token has approached the resistance zone of this triangle pattern. If buying pressure surpasses selling at this level, HYPE could reclaim its all-time high of $45.80.

A successful breakout could drive the token up to $56, representing a potential 41% increase from current levels. However, failure to break resistance could keep HYPE confined within the triangle pattern.

The platform continues to expand its ecosystem with new integrations and technical upgrades. Two major developments include CoreWriter and the HIP-3 proposal for permissionless perpetual markets.

Over the past week, HYPE has fluctuated between $35.50 and $41.02. The token’s relative strength index sits at 56.97, indicating room for further gains.

The whale’s $8.66 million purchase represents the latest in a series of large trades on the platform, with recent reports of positions worth hundreds of millions of dollars.

The post Hyperliquid (HYPE) Price Rallies as Whale Snaps Up $8.66M in Tokens appeared first on CoinCentral.

• Sui (SUI) gained 12.55% in 24 hours with trading volume jumping 66% to $2.1 billion
• Price bounced 15% from key support at $2.43, breaking a month-long downtrend pattern
• Bulls are targeting resistance levels at $4.50 and $6.20 following a falling wedge breakout
• Whale accumulation activity shows rising confidence with increased cold wallet flows
• Critical resistance at $3.10 must be cleared for continued upward momentum

Sui has posted strong gains over the past 24 hours, climbing 12.55% as the token defended a crucial support level. The price action comes after weeks of downward pressure that had pushed SUI lower throughout June.

The token bounced sharply from the $2.43 support level on Tuesday. This level corresponds to the 78.6% Fibonacci retracement from the rally that occurred at the end of 2024. The support held firm when retested on June 22nd.

Trading volume surged during the recovery, with daily volume reaching $2.1 billion. This represents a 66% increase from previous levels. The volume spike suggests renewed market interest in the layer-1 blockchain token.

SUI closed near $2.79 after the bounce, snapping a month-long pullback period. The recovery coincided with Bitcoin’s move from $101,000 to $106,000 on Monday. This broader market strength may have contributed to Sui’s positive momentum.

Chart analysis reveals a falling wedge pattern that had been forming over several weeks. Technical analysts describe the breakout from this pattern as textbook price action. The compression period appears to have ended with Tuesday’s sharp move higher.

Whale Activity Points to Growing Confidence

On-chain data shows increased accumulation by large wallet holders. Cold wallet inflows have been rising, indicating that investors are moving tokens into long-term storage rather than preparing for sales.

Market cap data from CoinGecko shows a 12% increase accompanying the price move. Daily trading volume jumped approximately 50% to $1.97 billion across exchanges.

The accumulation pattern suggests institutional or whale-level buying interest. This activity often precedes extended price movements in cryptocurrency markets.

Key Resistance Levels Define Near-Term Outlook

Bulls now face two major resistance zones that will determine the sustainability of the rally. The first target sits between $4.40 and $4.50, matching supply levels from April.

$SUI held its weekly trendline like a champ and just bounced off the $2.43 support.

Chart looks strong and the momentum is real:
Target 1: $4.50
Target 2: $6.20
Target 3: $10+ still very much in play

That monster daily candle post-shakeout (+15%)? A statement.

Big wallets are… pic.twitter.com/waa9to3u8l

— Crypto Winkle (@CryptoWinkle) June 24, 2025

The second resistance cluster is located near $6.20. This level could attract profit-taking pressure if reached. Technical analysts have identified these as primary upside targets.

However, the immediate focus remains on the $3.10 to $3.16 supply band. A clean break above this area would strengthen the bullish case and could attract additional buying interest.

Failure to clear the $3.10 resistance would put the $2.43 support level back in focus. Risk management remains important as traders navigate these key technical levels.

The weekly market structure turned bullish following a structure break in early May. However, the daily chart still shows a bearish structure after SUI fell below $3.12 in early June.

Money Flow Index readings show mixed signals across different timeframes. The weekly MFI remains bullish despite recent pullbacks, while the daily MFI sits at 30.5, indicating bearish conditions.

Additional support levels exist at $2.08 and $1.71 if the current bounce fails to sustain. The $2.08 level provided support during March and April trading sessions.

Current trading volume remains above average, with the $1.5 billion daily figure showing sustained market participation in the token’s price discovery process.

The post Sui (SUI) Price: Bulls Fight Back With Sharp Rally From Critical Support Zone appeared first on CoinCentral.

• TRON investors took profits with an average 374% margin earlier this month, selling coins acquired around $0.0566
• USDT supply on the TRON network reached a new milestone of over $80 billion, making it the second-largest network
• TRX currently trades at $0.2739, up 0.48% in 24 hours but with trading volume down 39.23%
• Technical analysis shows TRX approaching key support at $0.25 near the 200-day moving average
• Price predictions for 2025 range from $0.216 to $0.60 depending on the forecasting model

TRON (TRX) experienced a major profit-taking event earlier this month, with on-chain data revealing investors sold holdings at an average profit margin of 374%. The activity was tracked through the Spent Output Profit Ratio (SOPR), which analyzes the cost basis of coins being moved on the blockchain.

The SOPR indicator reached a peak value of 4.74, the highest level seen in recent months. This means investors who sold their TRX tokens had acquired them at an average price of around $0.0566, compared to the selling price of approximately $0.268 at the time.

The timing of these sales suggests long-term holders were behind the activity. TRON hasn’t traded consistently around the $0.0566 level since late 2022, indicating these tokens were held for nearly two years before being sold.

Analyst Maartunn from CryptoQuant noted that the profit-taking could stem from various factors. Early investors may have decided to realize gains after the extended holding period. The activity might also represent internal transfers or portfolio reallocation decisions rather than pure selling pressure.

Network Growth Continues

Despite the profit-taking activity, TRON’s network fundamentals show continued strength. The USDT supply circulating on the TRON network has surpassed $80 billion, making it the second-largest network by stablecoin circulation.

The USDT supply on @trondao just surpassed 80 billion!

Tron is currently the second-largest network in USDT supply and the largest in daily USDT transactions pic.twitter.com/Y5amCSeow1

— Sentora (previously IntoTheBlock) (@SentoraHQ) June 23, 2025

This milestone reflects growing institutional and retail adoption of TRON’s blockchain for stablecoin transactions. The network’s low fees and fast transaction speeds make it attractive for USDT transfers and trading activities.

Technical Analysis Points to Key Levels

TRON currently trades at $0.2739, showing a modest 0.48% gain over the past 24 hours. However, trading volume has declined by 39.23% to $571.75 million, suggesting reduced market participation.

Technical analyst c3_trading identified that TRX recently slipped below its ascending channel. The token is now approaching a critical support zone at $0.25, which aligns with the 200-day Simple Moving Average.

🚨 $TRX Dipping Into Opportunity

TRX broke below Channel Up 📉
Now pulling back to $0.25 + 200 SMA — key support zone 🛡️
Strong bounce potential:
→ +20% to $0.30
→ +80% to $0.45 (long-term 🚀)
—
📊 Key Levels
▪️ Support: $0.25 → $0.22
▪️ Resistance: $0.30 → $0.45
📈 Trend:… pic.twitter.com/WZ7Qdu8Dq2

— CoinCodeCap Trading (@c3_trading) June 24, 2025

This convergence creates what analysts consider a strategic entry point. If TRX holds above the $0.25 support level, it could rally 20% toward $0.30 in the medium term.

The longer-term technical target sits at $0.45, representing an 80% upside from current levels. Additional support levels are identified at $0.22, while resistance levels are marked at $0.30 and $0.45.

Over the past seven days, TRON’s price has remained essentially flat with just a 0.01% increase. This consolidation period may be setting up for the next directional move.

The current market structure suggests a neutral short-term outlook but maintains bullish potential for medium and long-term timeframes. The strategy of buying near the $0.25 support level is being recommended by technical analysts.

Price Predictions Vary Widely

Looking ahead to 2025, price forecasts for TRON show considerable variation between different analytical approaches. DigitalCoinPrice projects an optimistic scenario where TRX could reach $0.60 by year-end.

This bullish prediction would require TRON to surpass its previous all-time high of $0.44. Supporters of this view point to sustained adoption and increasing developer activity on the TRON network as key drivers.

Changelly takes a more conservative technical approach with different projections. Their analysis suggests TRX could trade between a minimum of $0.216 and maximum of $0.256 in 2025, with an average around $0.295.

For June 2025 specifically, Changelly expects an average trading range between $0.275 and $0.278. This forecast includes a potential downside scenario with support at $0.271.

The wide range in predictions reflects uncertainty about market conditions and adoption rates. Current network metrics show over $80 billion in USDT supply circulating on TRON, the second-highest among all cryptocurrency networks.

The post TRON (TRX) Price: Investors Realize 374% Profits on Long-Term Holdings appeared first on CoinCentral.

• ZKJ token crashed 91% to $0.33 from nearly $2 in 24 hours due to abnormal on-chain transactions
• Crisis triggered by large holders removing tokens from ZKJ/KOGE trading pair causing liquidity shortage
• KOGE token also fell from $62 to $24 as the two tokens share liquidity pools
• Binance changed Alpha Points program rules to exclude trades between Alpha tokens starting June 17
• 15.5 million ZKJ tokens scheduled to unlock on June 19 could add more selling pressure

Polyhedra Network’s ZKJ token experienced a severe price collapse on June 15-16, falling 91% from nearly $2 to $0.33 in a 24-hour period. The crash wiped out nearly $500 million in market value.

The crisis began with what Polyhedra described as “abnormal on-chain transactions” involving the ZKJ/KOGE trading pair. KOGE is a governance token for BNB48 Club in the Binance ecosystem.

According to Polyhedra’s statement, large holders started converting substantial amounts of KOGE into ZKJ after the KOGE/USDT pool was drained. This forced investors to move their funds to the ZKJ/USDT pool, which became overloaded.

Dear Polyhedra community — we want to emphasize that the fundamentals of Polyhedra remain strong, both in our technology and in the incredible support from our community. We’re continuing to build and push forward as planned.
Today’s price drop was caused by a series of abnormal…

— Polyhedra (@PolyhedraZK) June 15, 2025

The two tokens share liquidity pools and have been promoted through Binance’s Alpha Points program. This close trading relationship meant that problems with one token quickly spread to the other.

On-chain data shows several large wallets were farming Alpha Points before the crash occurred. One wallet withdrew over $3.7 million in KOGE and $530,000 in ZKJ.

Two other wallets pulled nearly $5 million combined from the system. These large withdrawals created what Binance called a “liquidation cascade” that accelerated the price decline.

Timeline of the Collapse

The ZKJ token first fell 60% from $1.92 to $0.76 in a 90-minute window on June 15 at 2:32 am UTC. The token briefly recovered to $1.41 over the next 90 minutes before falling again.

Later on June 15 at about 9:25 pm UTC, ZKJ took another sharp drop from $0.77 to $0.32. The token has been trading flat around these levels since then.

KOGE experienced a similar pattern, dropping from $62 to $24 during the same period. The crash affected both tokens simultaneously due to their shared liquidity structure.

Both tokens were part of Binance’s Alpha Points system, which evaluates and rewards user engagement within the Binance Alpha ecosystem and Binance Wallet.

Market Response and Changes

Binance announced it would adjust the calculation rules of its Alpha Points program starting June 17. The exchange cited the need to ensure market fairness and stability while reducing systemic concentration risks.

“Starting from 00:00 UTC on June 17, 2025, the trading volume of trading pairs between Alpha tokens will no longer count towards Alpha Points calculation,” Binance stated.

The timing of the crash has raised additional concerns among investors. About 15.5 million ZKJ tokens are scheduled to unlock on June 19, which could add approximately $10 million in selling pressure to the already weakened market.

Some observers have linked the price fall to this upcoming token unlock, though major crypto analytics platforms have not confirmed these claims.

Polyhedra Network, which focuses on interoperability using zero-knowledge proofs, said it was “closely reviewing the situation” and would provide more information when available. The company maintains that its network’s core technology remains intact despite the token price collapse.

The post Polyhedra Network (ZKJ) Price: Token Drops 91% Following Liquidity Crisis appeared first on CoinCentral.

With usage-based burning, DAO-governed minting, and a pricing model built on Compute Units, the Shannon upgrade positions Pocket among the most cost-effective data relays in Web3 – while rewarding node operators in a supply-neutral way. Further, to incentivize meaningful adoption, it also introduces a tiered rebate system governed by the DAO.

With many changes coming to the POKT token, already trading on centralized and decentralized exchanges alike, let’s dive into a breakdown of the token changes introduced in the Shannon Upgrade and what they mean for the Pocket Network ecosystem.

Automatic Token Burn and DAO-led Minting

Post-Shannon, Pocket Network will support automatic, on-chain POKT token burning to pay for relay services. Total POKT minting will be equal to POKT burned to ensure a deflationary mechanism, preventing token supply inflation. This adjustment alone puts POKT on the path to new price targets, as it immediately creates ongoing buy pressure in the marketplace while introducing a novel method of supply destruction.

Although the Shannon upgrade will initially have no token supply growth, the DAO can increase the total supply through a reimbursement event if necessary. By enabling only the DAO treasury to mint tokens, the mechanism stops incidents of self-dealing through burn-mint asymmetry.

Mechanism of Action: Emissions, Burn, and Pricing

Pocket Network will implement changes to offer economical relay services and sustainable POKT price growth. By upgrading their tokenomics they can reduce the computational costs making Pocket services cheaper than competitors.

Each relay processed produces a proportional amount of POKT being burned, turning the token into a consumable asset tied directly to network usage – and a true utility token.

The Pocket Network Foundation will introduce service-specific price changes according to supply and demand needs, providing a free and competitive market for accessing data sources.

Besides new POKT minting and burning strategies, the Shannon update will significantly reduce Relay charges – making Pocket Network’s decentralized infrastructure even more competitive among RPC providers and data networks.

Cheaper And Competitive Relay Pricing

Pocket Network will soon become around 30-75% more cost-effective vs its contemporaries.

Currently, Pocket’s “Pay-As-You-Go” Relay service can cost up to $14.30 per million Relays. Pit against today’s other market leaders, Pocket can be up to 2x more expensive than competitors’ $6.58 per million Relays.

But the Shannon upgrade’s “Pay Upfront” model will radically reduce Relay service charges to just $2.50 per million Relays – setting a new pricing floor across the relay market. This will particularly benefit Pocket users who process data requests at scale, while also giving relay operators more predictable revenue.

Volume Rebates To Boost Traffic

During the transition phase to Shannon, Pocket Network will need certain bootstrapping to maintain steady network traffic. Thus, it offers up to a 40% volume rebate to boost network activity and incentivize actors to access Pocket’s services.

Mechanism of Action: Volume Rebates

Since Pocket won’t increase its token supply to prevent inflation, the Shannon update will bootstrap demand through volume rebates. According to the proposed plan:

• No rebates for less than 105 million Relays per day and a 40% rebate for more than approximately 525 million Relays per day
• A progressive rebate of 10-40%, from 105 million to 525 million Relays.
• More Relays will lead to more rebates between the lower and higher traffic levels.

The dual strategy of growing rebate levels and a capped total rebatable claim will minimize unnecessary network traffic and maximize the DAO treasury’s lifespan.

The Pocket Network team has conducted meticulous analysis and mathematical projections to develop its new tokenomics.

This reimagined Pocket economy bolsters  POKT’s utility with ecosystem’s users and contributors, while making for a healthier token economy, and charting a path for a long-term sustainable DAO.

We can’t wait to see Shannon go live and see the effects of this migration play out.

The post Pocket Network’s New POKT Tokenomics Boosts Utility: Burns Supply to Grow Web3 Infrastructure appeared first on CoinCentral.

Industries including finance, healthcare, environmental science, manufacturing, and data analytics are already leveraging these benefits.

A recent example is Pundi AI’s partnership with Conflux Network, a Layer 1 blockchain using a hybrid Proof of Work and Proof of Stake mechanism (Tree-Graph consensus) for fast, secure transactions.

On a broad scale, this partnership will leverage Pundi AI’s best-in-class AI data solutions and channel them through Conflux Network’s capabilities to introduce decentralized AI applications with significantly improved performance.

At a functional level, it will involve the Pundi AI Data Platform and Data Marketplace. Developers will be able to utilize “annotated datasets to deploy models.”

Powered by Conflux’s parallel processing framework, these deployments can achieve transaction speeds of 3000-6000 TPS while benefiting from robust blockchain security.

Since Conflux is EVM-compatible, it also allows AI practitioners to work with familiar Ethereum-based tools.

All these motives will drive the collaboration toward the ultimate goal of empowering and enabling meaningful contributions to AI development worldwide.

The initial offering will include tools that facilitate peer-to-peer sharing of AI training resources and address the computing resource gap—a major roadblock preventing many talented developers from fully participating in the AI revolution awaiting at the world’s doorstep.

For Conflux, this collaboration holds immense significance in attracting best-in-class developers to deploy and operate Pundi AI’s models on Conflux. These models aim to make AI efforts more democratic, inclusive, and accessible by ensuring they are scale-agnostic, cost-efficient, and powerful enough for end-to-end deployment.

The space where AI and blockchain intersect is a space rich with opportunities and possibilities. The collaboration between Pundi AI and Conflux Network is well-positioned to set a compelling example of what’s possible.

The post Pundi AI–Conflux Collaboration to Showcase Real-World AI on Blockchain appeared first on CoinCentral.

• Elon Musk, head of DOGE, claims to have discovered 14 “magic money computers” in federal departments with ability to “print money out of thin air”
• These computers allegedly exist in Treasury, Defense, Health and Human Services, and State departments with blank-check authority
• Musk described these systems as “maybe the biggest scam of all time” during an appearance on Ted Cruz’s podcast
• DOGE has canceled 239 “wasteful” contracts worth up to $1.7 billion as part of government spending cuts
• Bitcoin advocates responded to Musk’s claims, suggesting cryptocurrency could fix the problem of unlimited money printing

Elon Musk, head of the Department of Government Efficiency (DOGE), has reported finding what he calls “magic money computers” within several federal departments. These computers allegedly have the ability to create and distribute money without proper oversight.

Musk made these claims on March 17 during an appearance on the “Verdict” podcast hosted by Senator Ted Cruz. He stated that his team has found 14 such computer systems operating across multiple government agencies.

“I call a magic money computer any computer which can just make money out of thin air,” Musk explained during the podcast. “It just issues payments.”

According to Musk, these systems exist in the Department of the Treasury, Department of Health and Human Services, Department of State, and Department of Defense. He suggested these computers operate with what he described as “blank-check authority.”

An absolute bombshell from @elonmusk on the latest episode of Verdict.

He reveals there are 14 magic money computers in the federal government that send money out of nothing.

Don’t miss the latest episode of Verdict wherever you get your podcasts. Subscribe now!… pic.twitter.com/1tnJmJtiw9

— Ted Cruz (@tedcruz) March 17, 2025

The DOGE team has been conducting an aggressive audit of federal government spending. This initiative was established by President Donald Trump, who appointed Musk as his senior advisor for government efficiency.

Musk claims the computer systems don’t properly communicate with each other. This lack of coordination creates gaps in financial tracking and reporting.

“You may think that the government computers all talk to each other, they’re synchronized, they add up what funds are going where and it’s coherent,” Musk told Cruz. But he says this isn’t the case.

While Musk described these computers as potentially “the biggest scam of all time” in a post on X, he clarified they aren’t completely inaccurate. He estimated they might be “off by 5% or 10% in some cases” when reporting government expenditures.

Bitcoin fixes this.https://t.co/1gUJmRHkgh

— Jameson Lopp (@lopp) March 17, 2025

The DOGE investigation has uncovered other issues as well. Musk reported finding departments with more media subscriptions, software licenses, and credit cards than employees.

Musk believes most of these problems stem from waste and incompetence rather than malicious intent. He cited examples where companies continued receiving payments because contracts weren’t properly terminated.

“We saw a lot of payments going out of Treasury that had no payment code and no explanation for the payment,” Musk said. “Then we see that, okay, that contract was supposed to be shut off, but someone forgot to shut off that contract.”

This announcement comes as DOGE continues its cost-cutting mission. Last week, the department canceled 239 contracts it deemed “wasteful,” estimated to be worth up to $1.7 billion.

Among the canceled contracts were a $699,000 study on “cannabis use” among “sexual minority gender diverse individuals” and $740,000 for examining “social networks” among “black and Latino sexual minority men in New Jersey.”

The revelations about government spending have drawn attention from cryptocurrency advocates. Jameson Lopp, chief security officer at Bitcoin custody company Casa, commented on Musk’s claims by stating simply: “Bitcoin fixes this.”

Bitcoin supporters have long promoted the cryptocurrency as a hedge against currency devaluation. Unlike fiat currency, which can be created without limits, Bitcoin has a capped supply of 21 million coins.

Musk’s work with DOGE has reportedly impacted his other business ventures. According to reports, Tesla facilities across the United States have faced vandalism from protesters opposing DOGE’s cost-cutting measures.

Senator Mike Lee of Utah responded to Musk’s claims on social media with humor. “Can a person buy a magic money computer on eBay?” Lee asked. “Asking for a friend.”

The post DOGE: Musk Uncovers “Magic Money Computers” in Federal Government Audit appeared first on CoinCentral.

This has been done because the crypto ecosystem is currently littered with projects that have invested significant resources into airdrop campaigns only to be met with immediate dumps alongside rampant community frustration.

Traditional airdrops follow a transactional approach, such that upon the completion of a specific task, users receive tokens only for them to sell them immediately.

Existing incentive models create a perverse, cyclical loop wherein bots, as well as other airdrop farmers with multiple wallets, extract value from these offerings without contributing to the ecosystem’s overall growth, thus leaving genuine users underrewarded and severely disengaged.

From transactional to transformational

Kevin Liu, co-founder and CEO of GOAT Network, recently wrote about the pending demise of these exploitable, one-time airdrop programs.

In his article, he notes that the extractive, mercenary nature of such airdrops fosters a culture of competition, rather than collaboration.

“What’s the real purpose behind points systems and airdrops?” said Liu. “I believe their core goal should be to unite the community around a shared vision. If the actions of one person on a network can help lift the rest of the community, that’s a much better path to success, and to community happiness.”

GOAT Network’s One Piece Project aims to deliver that collaborative approach cited by Liu. One Piece establishes a relationship rooted in communal objectives and long-term alignment, thus serving as a central hub for all ecosystem activities that are tailored to foster collaboration and incentivize long-term commitment.

Each stage of the One Piece Project will give users the opportunity to participate in activities on GOAT Network, and earn BTC rewards and GOAT Points every step of the way. The more transactions that occur on the network, the higher the rewards – meaning all community members benefit whenever any one community member does anything on-chain.

One Piece began last month with the Assembly stage, giving users the ability to mint a soulbound NFT that they can then level up with more experience and more rewards every time they ape into a dApp or other on-chain activity.

The next phase: One Piece Project Season One

GOAT Network today launched its alpha mainnet, opening the door for users to bridge into the network and begin experiencing the dApps that have deployed on day one. One Piece Season One launched at the same time, giving users opportunities to start racking up GOAT Points with the first cohort of three BTC dApps.

After bridging into GOAT Network, the journey begins with its two launch day DEXes: GOATSwap (GOATSwap.fi) and Oku (Oku.trade). Using native BTC from the Layer 1 Bitcoin network to pay transaction costs of about a penny, users may make their first transactions on GOAT by swapping on either of these top-tier DEXes. By doing so, they will begin to accrue additional GOAT Points, building on totals still racked up during the One Piece Project’s Assembly phase.

Meanwhile, users who stake BTC from Bitcoin Layer 1, BTCB from BNB Chain, or DOGE from BNB Chain may use liquid staking protocol Artemis Finance (ArtemisFinance.io) to deposit those assets, earning a receipt token which can be used in other parts of the GOAT ecosystem. By doing so, they will earn yet another opportunity to earn more GOAT Points, which will become eligible for token rewards after GOAT Network reaches its Token Generation Event (TGE) later this year – and beyond.

How It Works

One Piece gives users the chance to bridge native BTC, BTCB, or DOGE into GOAT Network, mint a soulbound NFT, and begin their on-chain journey. After bridging funds into GOAT, users are invited to transact on launch partner dApps GOATSwap (GOATSwap.fi), Oku (Oku.trade), and Artemis (ArtemisFinance.io). By transacting on those dApps from day one, users will collect two kinds of rewards, which they can add to in later stages of One Piece, as new dApps launch on GOAT and new activities become incentivized.

GOAT Network offers two kinds of point distributions: GEC and GOAT Points

1. GEC  (GOAT Energy Cube)
   GEC tracks your growth on GOAT Network, recognizing your contributions in marketing, community engagement, and on-chain activities (such as liquidity provision and trading).  GEC has multiple utilities, for example: it can be used to mint and update your NFTs on GOAT Network, it stays with you even after GOAT has its TGE and initial rewards disbursement, and GOAT Network will occasionally host airdrop events and lucky draws based on users’ GEC scores.

The total amount of GEC you’ve earned reflects your PoA (Proof of Activity) score.

1. GOAT Points
   GOAT Points primarily track your contributions in liquidity provision and trading activities on GOAT Network, leading up the GOAT’s TGE. These points are a reflection of your engagement and value within the ecosystem. GOAT Points will be converted into GOATED tokens after TGE. The more liquidity you provide and the more active you are in transacting on chain, the higher your GOAT Points total, leading to greater rewards.

Users can check out OnePiece.GOAT.Network to get started.

What It Means

From the outside looking in, One Piece Project’s multi-season structure combines gamified experiences with growth-based rewards, allowing participants to earn rewards by engaging in on-chain interactions across the ecosystem.

These interactions include cross-chain asset transfers, liquidity provision, staking on sequencers, and transactions with partner projects. As users accumulate these rewards, they can upgrade their incentive structures, creating progression mechanics that incentivize continued participation.

By making rewards immediately useful within the ecosystem and creating clear progression paths, the One Piece Project maintains user engagement and trust regardless of external market conditions or exchange listing timelines.

As the crypto industry matures, the limitations of traditional airdrop models are becoming increasingly apparent. By shifting focus from tokenization to genuine community alignment, projects can cultivate not just users, but advocates, thereby defining the next generation of community building.

The post Looking Beyond One-Time Airdrops: How GOAT Network’s ‘One Piece Project’ Redefines Community Engagement appeared first on CoinCentral.

Between Jan 1 and Dec 1 last year, meme coin trading volume grew 979%. It accounted for 5.27% of the entire crypto market’s volume. The data point that is even more telling about the thriving meme coin ecosystem is that approximately 1 million new tokens are created weekly in this space. But do all the coins thrive the same way? The numbers say otherwise.

Coins that Rose and Fell Flat

Dogecoin, one of the most discussed meme coins, fell sharply twice. The coin hit its all-time high in May 2021, when the price reached almost US$0.74. However, the coin failed to sustain its price and currently trades at US$0.15.

The same happened with $TRUMP. Soon after its launch, the token witnessed explosive growth and reached an all-time high of US$75.35. It took only two days for the coin to travel from an all-time low of US$6.24 to an all-time high. However, with the presidential elections over, the enthusiasm around the token largely fizzled out. The token currently trades at a little over US$10.

Nearly the same pattern of fall could be seen in the case of $MELANIA. This meme coin hit its all-time high price of US$13.73 on January 19, 2025. In less than a couple of months’ interval, the price came down to an all-time low of US$0.65.

However, this is not the case for all Meme coins. GME ETH, in particular, is uniquely poised to capture the imminent fresh influx of capital the market is about to witness.

$GME ETH: The Sustained Disruptor

The digital asset space is all set to onboard the largest wave of participants from traditional finance. Bitcoin will likely hit US$100K once again, creating a positive psychological impact for many new investors and skeptics to embrace this asset class. Amid this, $GME ETH is uniquely placed to onboard this group of investors as the Gamestop movement is instantly relatable and familiar to trad-fi participants.

It is possible to buy $GME through conventional avenues using Apple Pay, Google Pay, PayPal, and other trusted payment methods. One can become a $GME owner on more than 35 trusted Centralized Exchange or may get their $GME directly on a Decentralized Exchange, ensuring complete control over your assets and privacy in every transaction.

Inspired by the 2021 stock market short squeeze, GME Ethereum is built on one of the most secure blockchains, Ethereum. It benefits from Ethereum’s robust security, decentralization, and ongoing scalability improvements through Layer 2 solutions.

Over time, the coin has emerged as a community-driven cryptocurrency that embodies resilience, determination, solidarity, and perseverance. It seeks to address challenges that exist in traditional financial markets, including limited information, fewer resources, market manipulation, and high transaction costs.

Altogether, $GME has moved beyond the role of playing a disruptor and emerged as a coin that could offer sustained value and build a loyal ecosystem by offering a lot more than appreciation in prices. It offers educational opportunities, access to a community of investors and traders, a wide wallet distribution, and low gas fees. Overall, it’s a wholesome place for any investor—new or experienced—to thrive!

The post $GME ETH Meme Coin: From Disruption to Sustained Value appeared first on CoinCentral.