<div id="readability-page-1"><div><div><h2>DeFi data</h2>1. Total market value of DeFi tokens: 68.465 billion US dollars<img src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478542_watermarknone.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="138" original-src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478542_watermarknone.png"/><img src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478543_watermarknone.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="340" original-src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478543_watermarknone.png"/>DeFi Total Market Cap Data Source: coingecko2. Trading volume of decentralized exchanges in the past 24 hours: $55.79<img src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478545_watermarknone.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="334" height="144" original-src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478545_watermarknone.png"/><img src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478544_watermarknone.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="337" original-src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478544_watermarknone.png"/>Trading volume of decentralized exchanges in the past 24 hours. Data source: coingecko3. Assets locked in DeFi: $73.865 billion$100 million<img src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478546_watermarknone.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="174" original-src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478546_watermarknone.png"/><img src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478547_watermarknone.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="408" original-src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478547_watermarknone.png"/>Top 10 DeFi Projects by Locked Assets and Total Value Locked. Data Source: defillama<h2>NFT Data</h2>1. Total Market Value of NFTs: $6.545 billion<img src="https://imageproxy.pbkrs.com/https://www.coinlive.com/news/null?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.coinlive.com/news/null"/>2.24 hours NFT transaction volume 1.024 billion US dollars<img src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478551_watermarknone.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="172" original-src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478551_watermarknone.png"/><img src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478550_watermarknone.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="346" original-src="https://imageproxy.pbkrs.com/https://img.jinse.com.cn/7478550_watermarknone.png"/>HeadlinePump.fun Activity Drops 80% in Three MonthsOn June 17th, Pump.fun, the Memecoin issuance platform once dominated by Solana, continued to experience a decline in activity, with token graduation rate, platform revenue, and Solana network fees all showing significant declines in recent months. Data shows that Pump.fun's seven-day average token graduation rate dropped to 0.26% last week, a decrease of 80% over the past three months. Meanwhile, the platform's average daily revenue since June is approximately $800,000, far below the average daily level of approximately $4.8 million six months ago. Entering June, Pump.fun's revenue decreased by 25% month-over-month, while the token graduation rate decreased by 53% month-over-month.<ol></ol><ol></ol><h2>AI Hot Topics</h2>1. AI Financial Compliance Infrastructure Flagright Completes $12.5 Million Series A Funding Round, with Y Combinator, Sella Direct Ventures, and Existing Investor Frontline among the participantsAI financial compliance infrastructure Flagright announced the completion of a $12.5 million Series A funding round, led by Infinity Ventures, with participation from Y Combinator, Sella Direct Ventures, and existing investor Frontline. This round of funding will be used to drive its expansion in &#34;explainable AI compliance&#34; scenarios, accelerate its US market presence, and strengthen its enterprise-level standard position in the field of financial crime compliance. Flagright stated that financial crime compliance is entering a platform-based transformation phase, with banks, payment, lending, and securities firms facing higher transaction volumes, stricter regulations, and more complex financial crime methods, while traditional compliance systems are no longer adequate to meet current needs.2. ByteDance's AI Ledger: Doubao Consumes Tens of Millions Daily but Revenues Less Than One MillionOn June 17th, according to LatePost, as of the first half of the year, the Doubao app, used by over 200 million people daily, generated less than one million yuan in revenue daily, mainly from e-commerce commissions. However, by May of this year, the Doubao app was consuming tens of millions of yuan daily—estimated based on the publicly available API prices of Volcano Engine, combined with the gross profit margin of Doubao's large-scale model and Doubao user habits. Text chat is inexpensive, costing only a few cents based on an average daily usage time of 15-20 minutes per person. However, the computing power required for inference, as well as multimodal functions such as image recognition, voice chat, and video chat, is several times or even dozens of times more expensive. This doesn't even include the cost of the computing center built to train the Doubao model. A large-scale intelligent computing center often requires tens of thousands of AI chips, along with supporting infrastructure such as data centers, power supply, networks, cooling, and maintenance. According to the South China Morning Post, ByteDance plans to increase its capital expenditure in 2026 by over 200 billion yuan, equivalent to about 60% of its 2025 profits. If ByteDance can secure more NVIDIA cards necessary for training and has a more abundant domestic inference card production capacity, the resources consumed by its AI assistant, Doubao, will be even higher. 3. Over 300 AI Products to Make Global DebutsOn June 17th, the 2026 World Artificial Intelligence Conference and High-Level Meeting on Global Governance of Artificial Intelligence held a 30-day countdown press conference. This year's conference, themed &#34;Intelligent Partners, Creating the Future,&#34; will be held from July 17th to 20th, co-hosted by 10 departments including the Ministry of Foreign Affairs, the Ministry of Science and Technology, and the Ministry of Industry and Information Technology, along with the Shanghai Municipal Government. This year's conference will cover an exhibition area of ​​over 100,000 square meters, featuring nearly 140 forums and the global debut of over 300 AI products. ... The upgraded &#34;WAIC City Walk&#34; urban experience route was launched simultaneously, connecting more than 30 AI application scenarios throughout Shanghai, covering a three-tiered experience system of exhibition halls, streets, and urban areas. 4. Morgan Stanley's Gokul Laroia: China's AI Ecosystem Holds Trillions of Dollars in Incremental OpportunitiesOn June 17th, Gokul Laroia, CEO of Morgan Stanley Asia and Co-Head of Global Equities, stated at the Lujiazui Forum that global investors' interest in the Chinese market is growing increasingly strong. China is the only market outside the United States with an independent and comprehensive AI ecosystem, and this ecosystem is constantly evolving. From semiconductor localization to data center and cloud service providers, to large language models, and to applications—including digital and physical applications, namely the field of humanoid robots—all are developing. Gokul Laroia revealed that in his exchanges with many companies in China, he found that hundreds of companies are involved in the innovation and construction of this AI ecosystem, each with the potential to create enormous value. ... He estimates that the entire ecosystem has the potential to create an additional market capitalization of three to four trillion US dollars. 5. Bezos: Artificial Intelligence Will Lead to Labor Shortages According to market news: Jeff Bezos stated at the Vivatech conference that artificial intelligence will lead to labor shortages. DeFi Hot Topics 1. Aster Updates ASTER Token Economic Model, Buyback and Burn Ratio Increased to 198% Aster officially announced an update to its ASTER token economic model, increasing the buyback and burn ratio to 198%. The new rule officially took effect today at 12:00 UTC. 99% of the platform's daily transaction fees will be used to buy back ASTER on the secondary market, and an equivalent amount of tokens will be burned simultaneously from reserves, achieving a 1:1 matching burn. Aster stated that all tokens obtained from the buyback will be included in the staking loyalty rewards. Each cycle's rewards consist of 300,000 base ASTER tokens plus the buyback amount, allocated according to veASTER lock-up weight. The burning will prioritize the team's share, with the initial total supply of 8 billion tokens continuously burned down to 3 billion. The project will use the TWAP algorithm for daily automatic buybacks, with all on-chain operations traceable. Furthermore, Aster Spot charges a 50,000 USDT fee for permissionless listing, which will be used to buy back additional ASTER tokens, all of which will be distributed as staking rewards. 2. Data: Since June 10th, Sui has processed nearly $65 billion in 0-Gas stablecoin transactionsOn June 17th, Sui announced on the X platform that, according to statistics from blockchain security company CertiK, since June 10th, the Sui blockchain has processed nearly $65 billion in 0-Gas stablecoin transactions. Furthermore, since the beginning of 2024, the cumulative stablecoin transaction volume on the Sui network has exceeded $2.27 trillion. Sui's gas-free stablecoin transactions &#34;eliminate a significant amount of additional costs that hinder adoption,&#34; allowing funds to flow as freely as messages. 3. Base will activate the Beryl hard fork upgrade on the mainnet on June 26, introducing the B20 native token standard. On June 17, according to official news, Coinbase's Layer 2 network Base will soon launch the Beryl hard fork upgrade, introducing the B20 native token standard, shortening the final confirmation period for single-proof withdrawals from 7 days to 5 days, and upgrading to Reth V2 (reducing disk usage by 50% and increasing throughput by 33%). Beryl will be activated on the Sepolia testnet at 2:00 AM (UTC+8) on June 19 and on the mainnet at 2:00 AM (UTC+8) on June 26. B20 is Base's native token standard, an ERC-20 compliant token pre-compiled in Rust, designed for stablecoin, RWA, and long-tail token issuers. It includes a built-in compliance toolkit, including transfer strategies, freezes and seizures, role-based access control, memos, and supply caps. Regarding withdrawals, the final adjudication window for the single-evidence dispute resolution procedure has been shortened from 7 days to 5 days. Azul's dual-proof fast track (TEE+ZK) remains at 1 day. 4. On-chain tokenized stock trading volume surpasses $20 billion for the first time, SpaceX IPO a major driving forceOn June 17th, the capital markets review journal Kobeissi Letter published an article on the X platform stating that SpaceX is driving a surge in tokenized asset trading. In the past 30 days, on-chain tokenized stock trading volume reached $4.3 billion, a record high for a single month, with year-to-date growth exceeding 140%.Following SpaceX's IPO on June 15th, the 24-hour spot trading volume of tokenized stocks on Solana surpassed $100 million for the first time. Solana once held a 99% market share, while Jupiter became the platform with the largest trading volume of tokenized SpaceX stocks. The cumulative trading volume of on-chain tokenized stocks exceeded $20 billion for the first time. 5. CZ Acknowledges Hyperliquid's Innovative Advantages: But Will Never Copy Its Path Due to Compliance Boundaries On June 16th, Binance founder CZ stated in an interview, &#34;I think Hyperliquid's innovation is actually great. They occupy a niche that Binance cannot compete in. They don't require KYC (Know Your Customer) and claim to be decentralized. Based on my experience, I would never do what they are doing. I assume they have very good lawyers.&#34; Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles for informational purposes only and does not constitute actual investment advice. Please establish correct investment concepts and be sure to enhance your risk awareness.</div></div></div>

Pump.fun activity dropped 80% in three months, with token graduation rates and revenue significantly declining. Meanwhile, AI financial compliance firm Flagright raised $12.5 million Series A funding. ByteDance's Doubao app faces high computing costs despite low daily revenue, prompting plans for increased capital expenditure. Additionally, over 300 AI products will debut at the upcoming World Artificial Intelligence Conference, while Morgan Stanley highlights China's trillion-dollar AI opportunities.

CoinLive

NVIDIA

Morgan Stanley

NVIDIA Corporation

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Golden Web3.0 Daily Report | Pump.fun activity declines by 80% in three months