Morning Minute: Venice’s VVV Token Soars After OpenAI Dispute
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Dragonfly partner Haseeb: VVV's essence has been misunderstood. Venice is essentially a company, not a decentralized network or on-chain protocol.
On July 5th, PANews reported that Dragonfly partner Haseeb released a video on the X platform stating that Venice is essentially a company, not a decentralized network or on-chain protocol, and the vast majority of its customers are not crypto users. There is a clear misunderstanding in the market regarding its token, VVV: VVV does not represent company equity, nor does it possess attributes similar to "network equity." Even after the airdrop, the company founders invested millions of dollars of their own funds in operations and did not raise funds by selling tokens. Haseeb pointed out that no founder would give up 50% of a company's equity for free in the early stages, and the narrative that equates tokens with equity is logically flawed. He also denied claims of "unclear information," stating that the project team has always clearly defined VVV's positioning.
Morning Minute: Saylor’s Strategy Back in Green As BTC Soars to $78k
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Morning Minute: The SEC Plans Rules for Tokenized Stocks
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FalconX withdrew 73,900 HYPE tokens from Gate in the past 7 minutes, equivalent to approximately $5.03 million.
According to BlockBeats, on July 8th, Onchain Lens monitoring showed that FalconX withdrew 73,900 HYPE tokens from Gate in the past 7 minutes, worth approximately $5.03 million.
Eighteen wallets dumped 372 million TAC tokens on-chain in the early hours of the morning, causing TAC to plummet by 91%.
PANews reported on July 8th that, according to on-chain analyst Yu Jin, since early this morning, 18 wallets have been dumping TAC on-chain, causing TAC to plummet by 91% ($0.05 to $0.0045). These wallets sold a total of 372 million TAC in exchange for 1.78 million USD1, selling the tokens after they were transferred from the TAC chain to the BSC chain. This dumping tactic is similar to SIREN a month ago and AKE yesterday, and may be manipulated by the same "cause group".