Crypto's Big Moves: Airdrops, Ecosystem Wins, and Corporate Bets

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Now let’s back to the key stories of the day.

On June 24, 2025, Newton Protocol executed a significant airdrop, distributing 100 million NEWT tokens, 10% of its 1 billion total supply, to the community. Based on a snapshot taken on June 20, 2025, 0.9% was allocated to Kaito users. The airdrop targeted active participants, particularly those in the Kaito yappers campaign, rewarding community engagement through the Newton Portal and Kaito platform.

However, the market response was mixed. The NEWT token crashed 40% within an hour of the airdrop, prompting some investors to label it disappointing due to a lack of sustained interest. Despite this, others praised Newton's grassroots marketing via Kaito, with Kaito's founder, Yu Hu, noting that referrals through Kaito accounted for one-third of Newton's verified agents. 

Kaito, an AI-driven crypto intelligence platform, has solidified its position as an InfoFi (Information Finance) leader. By aggregating data from social media, forums, and technical documents, Kaito delivers real-time insights to users. Yaps' Points Program rewards community engagement with "yappers" earning points for high-quality content creation. According to a Dune Analytics dashboard, Kaito has distributed over $95M in airdrops, showcasing its ability to incentivize participation.

InfoFi, or Information Finance, is an emerging concept where attention and information are tokenized to create value in a decentralized ecosystem. Kaito's AI-driven approach quantifies user engagement through metrics like content quality and social influence, rewarding contributors with tokens like KAITO. This model fosters transparency and aligns incentives among creators, users, and brands. Kaito's success in distributing substantial rewards positions it as a pioneer in this transformative narrative.

Sei Network, a Layer 1 blockchain optimized for trading and decentralized exchanges (DEXes), has made significant strides in 2025. On June 19, 2025, the Wyoming Stable Token Commission selected Sei as one of two finalists for its WYST stablecoin pilot, scoring 30 points in a rigorous evaluation of blockchain performance, security, and user base. WYST, a USD-pegged stablecoin, marks a historic step as the first state-backed stablecoin in the U.S., set to launch in July 2025 via LayerZero's technology.

Additionally, Circle, the issuer of USDC, disclosed holding 6.25M SEI tokens, valued at $2.47B, as part of its diversified digital asset portfolio. This institutional backing has bolstered Sei's credibility. On April 30, 2025, Canary Capital filed for the first SEI-based Exchange Traded Fund (ETF) in the U.S., offering investors exposure to staked SEI tokens.

Sei also introduced Sei Improvement Proposals (SIPs) on May 7, 2025, streamlining its architecture to focus on an EVM-only environment, enhancing developer accessibility. These developments underscore Sei's focus on scalability and institutional adoption.

SharpLink Gaming, a publicly traded company, purchased 12,207 ETH for $30.6M between June 16 and June 20, 2025, at an average price of $2,513 per ETH. This acquisition increased its Ethereum treasury to 188,478 ETH, valued at $470M. The purchase was funded through an at-the-market (ATM) offering, raising $27.7M by selling over 2.5M shares (SharpLink ETH Purchase).

Green Minerals, a Norwegian deep-sea mining firm, announced a bold plan to raise $1.2B for a Bitcoin treasury on June 23, 2025. The company initially purchased 4 BTC for $420,000 (4.25 million NOK) at approximately $105,000 per token. Executive Chairman Stale Rodahl cited Bitcoin's decentralized, non-inflationary properties as a hedge against fiat debasement.

That's all for today, people. Let's talk tomorrow.

Your Friends at Token Metrics