Altcoin Season Index Drops to 24

On June 17th, based on the data from litangdingzhen.me, Binance's latest Alpha (SPARK) event has 50,000 participants who meet the threshold (at least 240 points). Among them, 35,461 participants have sold their airdropped tokens. Each account earned approximately $114. The total SPARK tokens airdropped during this Alpha event amount to 100 million tokens, and there are approximately 25 million tokens remaining in Binance wallets. Each account received 2,000 tokens, and the potential supplementary tokens for distribution are about 349 tokens (approximately $20), making the total value of the airdrop around $5.75 million. Note: The remaining tokens in Binance wallets are reserved by Binance for future activities and are not completely tied to the current airdrop event.

On June 17th, according to market reports, Coinbase is aiming to obtain approval from the U.S. Securities and Exchange Commission (SEC) to provide stock trading that is based on blockchain technology.

On June 17th, based on the monitoring by Lookonchain, a newly established address withdrew 500.6 billion PEPE, which was worth $5.2 million, from Binance within the past 30 minutes.

On June 17th, the privacy-centric public chain Namada built on Cosmos announced that it has completed the final preparations for the deployment of its mainnet. It introduces a composable privacy layer for decentralized applications. The trading of its native token NAM is planned to commence this week, in line with the launch of the mainnet.

On June 17th, according to Sina Finance, Richard Liu, chairman of JD Group, stated during a sharing session today that JD aims to apply for stablecoin licenses in all major currency-issuing countries around the world. With these stablecoin licenses, JD intends to facilitate remittances between global enterprises, reducing cross-border payment costs by 90% and increasing payment efficiency to less than 10 seconds. Richard Liu pointed out, "Currently, inter-company remittances take about 2 to 4 days on average, with relatively high costs. After completing B2B payments, we will penetrate C2C payments, aspiring that one day everyone in the world can use JD stablecoins for their purchases."