Featured News 1.Kaito AI announces that KAITO token application is now open 2. Market News: The ECB hopes to establish a blockchain-based payment system 3. Source: The US SEC is very interested in pledge and is expected to release relevant guidance soon 4. "Sing currency" has a general rise, with IP rising 89% in 24 hours 5.SynFutures releases DeFi AI framework and launches a transaction-focused AI agent Synthia Articles & Threads 1. "Soar 500% in a week, understand Sonic's "DeFi engine" Shadow Exchange" During the period when other chains focus on the Meme market continues to attract attention from various emergencies, Sonic Labs focuses on the development of DeFi, and Sonic has announced a number of new measures to inspire DeFi projects in the ecosystem, which also makes Sonic chain TVL has risen by 500% in the past month. Sonic has achieved more than $500 million in TVL in just two months, with a total of $110 million in external funds on the chain, with Solana accounting for the majority, followed by Base and ETH. And the DEX trading volume on Sonic also exceeded the $1 billion mark. 2. "Behind Solana Celebrity Tokens: The Feast of Project Party and the Rat's Store" With Trump’s issuance of $TRUMP on the Solana chain, a craze for celebrity coins issuance has been set off. Tokens such as $MELANIA, $RYAN, $ENRON, $LIBRA have appeared one after another, and the Meteora platform has quickly become the preferred issuance platform for such high-profile projects. These token projects show stunning similarities: extremely high FDV, exaggerated trading volumes and drastic price fluctuations. On the surface, these tokens have been sought after by the market for the celebrity effect, but in-depth analysis has found that behind this is actually a carefully designed wealth harvesting mechanism. Market data The overall market capital popularity (reflected according to the fund rate) and token unlocking Data source: Coinglass, TokenUnlocks Funding Rate Token unlock