SoSo Daily Jun 23 | SoSoValue Launches High-Performance Trading Chain SoDEX Testnet, Whitelist Now Open

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 11:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is ADreward (AD). As of 11:50 today, its market cap is 23.34K, with a coin price of 0.0000025010 USD, witnessing a 24-hour increase of 291%.
The second is FUNToken (FUN). As of 11:50 today, its coin price is 0.012285 USD, with a 24-hour increase of 65.3%.
The third is Nyan Heroes (NYAN). As of 11:50 today, its coin price is 0.0032235 USD, showing a 24-hour increase of 57.3%.
In fourth place is AirSwap (AST). As of 11:50 today, its coin price is 0.050100 USD, with a 24-hour rise of 46.1%.
In fifth place is Eclipse Fi (ECLIP). As of 11:50 today, its coin price is 0.00099900 USD, increasing by 36.7% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 15 sectors, 4 are up and 12 are down. Today, there are no sector with a price change exceeding 2%.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

AI-powered investment research platform SoSoValue has announced the testnet launch of its incubated high-performance trading chain SoDEX. Starting from 9:00 PM (HKT) on June 16, global users can apply for whitelist access through the official website.

SoDEX supports on-chain order book trading for both spot and derivatives markets. It is built on ValueChain, a proprietary Layer 1 blockchain developed in-house by SoSoValue. ValueChain is tailored for financial-grade applications, featuring high throughput, multi-chain compatibility, and modular scalability. It consists of two core components: an EVM-compatible System Chain, and high-performance Application Chains —together enabling a secure, efficient, scalable and robust trading infrastructure for SoDEX.

According to SoSoValue, SoDEX is both a product experiment grounded in real user needs and a strategic milestone in the team’s broader vision to build foundational infrastructure for on-chain finance. A total reward pool of 1,000,000 $SOSO tokens has been allocated for participants who engage in trading, strategy deployment, and bug reporting during the test phase.

Whitelist registration and test token claim portal: https://sosovalue.com/shares/by0I9P

Next news:Foresight News reports that according to Onchain Lens monitoring, a certain whale deposited 10.42 million OM tokens into Binance 5 hours ago, valued at 2.17 million USD, with an unrealized loss of approximately 8.34 million USD. This whale previously received 27.92 million OM tokens from FalconX between December 12, 2024, and April 14, 2025, which were valued at about 24.29 million USD at that time.
Next news:According to TechFlow, on June 23, Seoul Economic Daily reported that South Korean payment giant Kakao Pay has officially launched its Korean won stablecoin business. The company applied for 18 trademark rights at the Korean Intellectual Property Office on June 17. These trademarks combine "KRW" (the symbol for the Korean won) with letters representing Kakao Pay such as "K" and "P", including "KRWKP", "KWRP", and "KPKRW". These trademarks are classified under virtual asset financial transactions, electronic transfers, and intermediary services, among other fields.

Kakao Pay stated that although "specific plans have not yet been finalized," this is a "preemptive trademark registration for the stablecoin business." Industry insiders believe that Kakao Pay's move aims to seize market share, especially in the context of the Korean political sector proposing the "Digital Asset Basic Act," which would allow private enterprises to issue Korean won stablecoins. Additionally, gaming company Nexus revealed in an interview with Seoul Economic Daily on the same day its ambition to become the first issuer of a Korean won stablecoin.
Next news:Wu Shuo learned that, according to monitoring by @ai_9684xtpa, a certain whale deposited all 20,461 $ETH, redeemed from StakeStone and Blast over the past five months, into Binance two hours ago, worth approximately 45.67 million USD, suspected to be a liquidation. Among them, 9,117 $ETH were acquired between August 2023 and February 2024 at an average price of 2,003 USD. If sold, it would yield a profit of about 2.09 million USD.
Next news:On June 23rd, according to on-chain analyst Ai姨 (@ai 9684xtpa)'s monitoring, a certain scientist's 4,996 addresses ultimately entered 1,949 during the UPTOP public sale, a success rate of 39%. Half an hour ago, he had consolidated the tokens to address 0x7ba...BD247 and has not yet sold them. Based on the current on-chain price of $0.05, these 1.949 million tokens are worth $98,627, and assuming that the 20 USD1 from each account at the time were invested (actually less than 20), the net profit is at least $59,000. [深潮 TechFlow]
Next news:According to Wu Shuo's information and disclosures by crypto journalist Yueqi Yang, cryptocurrency exchange OKX, after re-entering the US market in April this year, is considering an initial public offering (IPO) in the United States.
Next news:Odaily Planet Daily News: According to Onchain Lens, AguilaTrades currently holds a 20x leveraged long Bitcoin position with unrealized losses exceeding 10 million USD. Previously, he incurred losses of approximately 15.43 million USD across two Bitcoin long positions.
Next news:CoinShares' latest weekly report indicates that digital asset investment products have seen inflows for the 10th consecutive week, totaling $1.24 billion, bringing year-to-date inflows to a record $15.1 billion. Bitcoin and Ethereum led the way with inflows of $1.1 billion and $124.00 million respectively, indicating strong investor sentiment despite geopolitical uncertainties. [Foresight News]
Next news:Hardware wallet manufacturer Trezor has issued a security warning stating that attackers have been found abusing its contact form to send phishing emails disguised as official support replies, tricking users into revealing wallet backup information. The official statement emphasizes that Trezor will never ask for user wallet backups, and that this information should always be offline and private. The issue has now been contained, but security is an ongoing process, and users are urged to remain vigilant. [Foresight News]
Next news:Blockchain project Self Chain has removed founder Ravindra Kumar as CEO after users accused him of steering a months-long scheme that drained more than $50 million.

In a statement shared on Monday, the project announced a “decisive leadership transition” following Kumar's alleged association with fraudulent OTC transactions.

"Ravindra Kumar’s role as CEO has been formally terminated. He will no longer hold any position, responsibility, or association with Self Chain in any capacity going forward," said the X announcement.

Previously, Kumar dismissed the allegations as “completely false” and said his lawyers would respond.

The fraudulent scheme surfaced last November. Brokers offered steeply discounted Telegram OTC deals for GRT, APT, SEI, and other tokens, and paid early buyers, luring larger deposits with assets like SUI. By May, Mysten Labs co-founder Adeniyi Abiodun had warned that no cheap SUI allocation existed, yet money continued to flow. “Stop falling for TG scammers selling you OTC deals,” Abiodun wrote on X. Mysten Labs is the firm behind the Sui blockchain and its native crypto SUI.

Ultimately, the operator defaulted on larger sales of coins like SUI and NEAR, using new deposits to cover old promises — a textbook Ponzi scheme.

OTC desk Aza Ventures apparently handled many of the trades. Chief executive Mohammed Waseem said a broker nicknamed “Source 1” first delivered real returns, then switched to pure fraudulent tactics. “Initially, Source 1 provided genuine deals. However, he later shifted entirely to Ponzi schemes,” Waseem wrote in a June 19 Telegram announcement. Later reports emerged that Kumar was Source 1, although he denied any links.

Waseem claimed that Source 1 pledged to refund victims by the end of the month. He has withheld the person's name, believing this choice offers the best chance to recover funds, yet said he will “dox” the broker if repayments fail. Aza’s CEO added that he’s working with authorities on the matter and promised not to disappear.

Berachain’s pseudonymous founder, SmokeyTheBera, stated that he had warned Aza Ventures CEO Mohammed Waseem about the Telegram OTC scam, but Waseem dismissed the alert, calling the source unreliable, according to an X post.

“Glad to see this nonsense properly being busted. My condolences to anyone who got scammed in this. Sometimes if something is too good to be true, it's just not true,” wrote SmokeyTheBera.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.