Odaily News OKX market data shows that ETH fell below 2500 USDT and is now at 2499.65 USDT, a 24-hour drop of 0.4%. (This newsletter is generated with the assistance of AI)

Odaily News OKX market data shows that BTC fell below 105,000 USDT and is now at 104,999.9 USDT, a 24-hour drop of 0.61%. (This newsletter is generated with the assistance of AI)

Odaily News Binance announced that it has noticed significant price fluctuations in ZKJ and KOGE recently. Preliminary investigations show that this is mainly due to large investors withdrawing on-chain liquidity and market chain liquidations. In order to maintain market fairness and stability and reduce systemic risks brought about by centralization, Binance will adjust the Alpha points calculation rules from 00:00 (UTC) on June 17, 2025. At that time, the transaction volume between Alpha tokens will no longer be included in the points calculation.

Odaily News Polyhedra posted on the X platform that today's price drop was caused by a series of abnormal on-chain transactions in the ZKJ/KOGE trading pair in a very short period of time. The team is closely monitoring the situation and will share more information as soon as possible, but we hope to emphasize that Polyhedra's foundation is still strong, which is reflected not only in our technology, but also in the strong support of the community, and will continue to advance the project construction as planned.

Odaily News OKX market shows that SOL has broken through 150 USDT and is now at 150.04 USDT, with a 24-hour increase of 3.44%. (This newsletter is generated by AI)

Odaily News According to @ai_9684xtpa’s analysis, the most important reason for smashing KOGE first and then ZKJ may be that ZKJ has a contract, and they can smash the market on the chain at the same time by opening a short position on the exchange; secondly, from the perspective of liquidity, ZKJ’s liquidity will be better, and it will cost more money to smash the market; the LP ranges of ZKJ and KOGE are extremely narrow, and if there is not enough money to take over the sell orders after a large number of smashes through this range, there will be an inevitable flash crash. When LP sees the price of the currency falling, they will also flee in panic, and the vicious cycle will cause the price of the currency to collapse further; it is speculated that the decline in Alpha’s trading volume for several consecutive days may be the cause, and the exit of huge LPs is also a game of "running fast".