ForesightNews

According to Foresight News, Plasma announced on X that the Testnet is now live. This network is built specifically for global stablecoin payments, featuring core components such as PlasmaBFT Consensus and an EVM execution layer designed for high throughput, speed, and scalability.

Foresight News reports that the native Bitcoin liquidity protocol Yala will open the Season 1 Airdrop claiming on the day of the TGE, with a claiming period of 1 month. The total amount for this round of Airdrop is 34 million YALA, accounting for 3.4% of the total supply, and the rewards will be distributed to Mainnet and Testnet participants, content contributors, and early supporters, with the Snapshot time set for July 8, 2025. The specific allocations are as follows: Mainnet Berries contributors: 30 million YALA; Mainnet Ice Berries (social and interactive tasks) contributors: 618,000 YALA; Testnet Berries participants: 322,000 YALA; Yeti Footprints content/research/feedback/technical contributors: 3 million YALA; Yala.

Foresight News reported that OFA Group has secured $100 million in equity financing (expandable to $200 million) and will cooperate with Bitwise to launch a crypto assets vault focused on BTC, SOL, and SUI.

Foresight News reports that according to Cointelegraph, Circle's CEO stated that stablecoins now allow people to transact as easily as sending messages on WhatsApp, and major institutions also agree that stablecoins are the future of global capital flows.

Foresight News reported that according to Cointelegraph, the Southern District Court of Seoul, South Korea, has acquitted Jang Hyun-guk, the former CEO of blockchain gaming company Wemade, in the WEMIX token circulation manipulation case. The court found that Jang did not intend to influence the crypto assets market price through deceptive means, and therefore did not violate South Korea's Capital Market Act. The prosecution had charged Jang with falsely announcing a suspension of WEMIX token liquidation to stabilize prices and boost investor confidence, and also accused him of secretly selling WEMIX tokens worth over $200 million between February and October 2022. However, the court did not find clear evidence of intent to manipulate the market.

Foresight News reports that the encryption Wallet Phantom experienced a disruption in its Swap service this morning, which has now been fixed. However, popular Tokens in the "Explore" section are still temporarily unavailable, and the team is working on restoring them.

According to Foresight News, monitored by @ai9684xtpa, the smart money FlippingProfits, which has previously traded TRUMP/MELANIA/LIBRA with a total profit of 17.29 million dollars, has bought 2 million dollars of PUMP in the past 8 hours at an average price of 0.005622 dollars. Currently, this portion of the tokens has unrealized gains of about 60,000 dollars, and there have been no selling or transferring operations yet.

Plasma officially announced that the public sale of XPL will begin on July 16, 2025, with a total sales volume of 1,000,000,000 coins, accounting for about 10% of the total supply. XPL purchased by non-U.S. buyers will be unlocked during the public test, while U.S. buyers will have to wait 12 months. XPL is the native token of the Plasma Blockchain.

According to Foresight News, monitored by NLNico, Click Holdings (CLIK) plans to establish a Bitcoin and Solana treasury of up to $100 million and integrate encryption payments for salaries and customers to modernize its elderly care business. It is currently unclear how they will raise the $100 million, as the current market capitalization is $13 million, and cash is $544,000 as of December 31, 2024.

Foresight News reported that according to @ai9684xtpa's monitoring, Gate's PUMP Launchpad Token has been distributed, obtaining tokens worth $860 for an investment of $50,000, with a hit rate of 1.72%. Interestingly, the Gate interface shows that trading will open in 7 hours (i.e., 24:00), and it is currently uncertain whether this timing is synchronized with the on-chain TGE, or if the exchange Gate is obtaining traffic in advance.

Foresight News reports that the Cashmere team, Cashmere Labs, which is based on LayerZero's multi-chain anti-MEV DEX aggregator, announced on Twitter that they will open source the Cashmere CCTP smart contracts and will release the application tomorrow. Cashmere CCTP is a multi-chain solution that allows users to transfer between different blockchain networks through Circle's CCTP infrastructure.

Foresight News reports that according to Lookonchain monitoring, the "insider Whale" qwatio had a short order Position worth $334 million fully liquidated within 3 hours, including: 1,743 BTC ($211 million), 33,743 ETH ($102.3 million), and 15 million FARTCOIN ($20.6 million). Its Wallet currently has a total loss of nearly $25.84 million.

According to Foresight News, the token issuance platform Believe has launched a new feature called Verified Links. Creators can now link multiple social accounts to their token, including X, LinkedIn, GitHub, Whop, and Website.

According to Foresight News, the Lagrange Foundation announced on Twitter that it has noticed the price fluctuation of the LA Token. In response, it announced that it may repurchase LA Token in the future to stabilize the price. Such repurchases will be publicly disclosed after they are completed, so the community can be informed in a timely manner. Any LA Token purchased during the repurchase period will be held in accounts at regulated custodians or major brokers.

According to Foresight News, monitored by Lookonchain, a trader has made over 1.5 million USD by going long on the PUMP token. The address starting with 0x6b78 opened a 3x leveraged long position on PUMP one day ago and began taking profit when the price broke through 0.007 USD. Currently, the trader has closed a position of 70.55 million PUMP (worth 503,000 USD), making a profit of 122,000 USD, and still holds 1.39 billion PUMP in an open position.

According to Foresight News, the relevant page shows that James Wynn (@JamesWynnReal) has apparently deactivated his X account.

Foresight News reported that Declan Fox, the project leader of Linea, stated that they are ready to implement the LINEA plan announced in Bangkok, with a detailed announcement to be released later this month. When community members inquired whether it was related to TGE, Declan Fox replied "Yes" to confirm.