$TMAI Liquidity Campaign, $CUDIS TGE, Circle IPO & BlackRock’s $50M $ETH Buy

Happy Thursday, TM Family!

Welcome to the Token Metrics Daily newsletter, where we cover key market movements, regulatory updates, and early alpha for our readers and investors. 

Let’s dive in! 

Liquidity farming just got a major upgrade. Token Metrics AI ($TMAI) has launched its first liquidity incentive campaign on Merkl — and it’s designed for yield hunters looking to earn fast, with no lockups, no gimmicks, and real rewards from Day 1.

For two weeks, liquidity providers can earn high daily rewards across three different pools. All rewards are paid in $TMAI and distributed continuously, block by block, through the Merkl platform.

The Pools:

These pools are live and actively paying rewards. APR rates aren’t displayed on Merkl until the first 24 hours of data are available, but early providers will already be earning.

CUDIS, the Solana-based DePin longevity protocol, and a portfolio project of Token Metrics Ventures, had its Token Generation Event (TGE) on June 5, 2025, merging AI-powered smart rings with blockchain to reward users for health data. With CUDIS, your wellness and longevity journey becomes a trackable, customizable, and rewarding experience. The project merges DeSci and DePin sectors and is backed by Token Metrics Ventures, Draper Associates, Draper Dragon, NGC Ventures, and SNZ. 

$CUDIS token offers governance, staking, and marketplace rewards with its 1B total supply  (24.75% initial circulation). The Binance Wallet IDO, the 21st on its platform, saw 30M $CUDIS allocated, requiring Binance Alpha Points for eligibility. 

A 50M token airdrop targets 60K active users, claimable from June 5 at 12:00 UTC. The Season 1 Airdrop eligibility can be checked here. $CUDIS can be traded on Bybit, Bitget, MEXC, and PancakeSwap, driving buzz for its health-centric DePIN ecosystem.

Circle, the company behind USDC, the world’s second-largest stablecoin with a $61.5 billion market cap, successfully debuted on the New York Stock Exchange (NYSE) under the ticker CRCL on June 5, 2025. The initial public offering (IPO) raised $1.05 billion by selling 34 million shares at $31 each, valuing Circle at $6.9 billion (fully diluted at $8.1 billion). 

Backed by heavyweights like JPMorgan, Goldman Sachs, and Citigroup, Circle’s 2024 revenue of $1.7 billion underscores its financial strength. This landmark IPO, one of the largest in crypto since Coinbase’s 2021 listing, is set to accelerate mainstream stablecoin adoption, enhance regulatory clarity, and solidify USDC's role in DeFi and global payments.

Following its market debut, Cathie Wood’s ARK Investment plans to invest up to $150 million in Circle stock.

BlackRock, a global financial titan, has purchased approximately $50 million worth of Ethereum (ETH), the second-largest cryptocurrency, according to blockchain analytics firm Arkham. Data shared on X revealed multiple transactions via Coinbase Prime, ranging from 9,000 to 58,000 ETH, valued between $23 million and $61 million. Charts showed rising Ethereum balances and profits, hinting at a strategic move by BlackRock to deepen its cryptocurrency exposure.

This significant investment underscores growing corporate interest in digital assets, sparking speculation about BlackRock’s motives. Some suggest the firm may be acting on privileged market insights, while others see it as preparation for regulatory shifts or potential business ventures in the crypto space. Regardless, BlackRock’s bold step into Ethereum reflects a broader trend of institutional adoption, signaling confidence in the asset’s future despite the market’s volatility.