📝 A report by @CoinSharesCo on the performance of Bitcoin investment products sheds new light on how the recently launched spot Bitcoin ETFs, together with bullish investment, have helped the products post all-time high inflows last week.
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“Points” are unsustainable.

The EIGEN airdrop sparked a discussion about the rift between private and public markets. The model of points-based, large private financings, high FDV airdrops is causing structural problems for the crypto industry.

Points schemes that turn into multi-billion dollar, low circulation tokens are not a stable equilibrium, but we still find ourselves surrounded by a series of factors: excess venture capital, lack of new entrants, and overbearing regulators.

The narrative around token launches is always changing, and here are the main eras we see:

•2013: PoW fork and fair launch...

Bankless: Four dilemmas of this round of crypto cycle

For social products, this year must be a year of big explosion.
Friend.tech's token brought a "bloody" fight as soon as it went online. On Twitter, the bulls believe that there is no weak chicken in social networking, and a single coin will never be sold for less than $100. The air force believes that junk products plus wool users are overvalued at $1.
Today, two KOLs also expressed their own views. Let's see how they analyze it.
Let's look at the positive view (bulls) first, from Chrestian.
Bulls: Suffocating for dreams, community-based projects have a future
Let me point out an elephant in the room: @pumpdot...

FRIEND long and short view duel: bulls emphasize suffocating for dreams, air force says it's all garbage

Today's Bitcoin Price: $62697 - 64637
Ethereum $3020 - 3178
hot topic
-Mode is open for airdrops today, how much is it worth?
-SEC takes action against crypto industry again, issues Wells notice to Robinhood
-Alpha Information 05/07
For more information, please see Followin hot spot vane: https://followin.io/zh-Hans/dailyTrending
Hot Topics Today
Mode Network TVL exceeds $600 million...