Artemis Founder: Token Value Proposition Doesn't Hold, Will Focus on Digital Finance, AI, and Energy Sector
April 17th – Jon Ma, founder of crypto data platform Artemis, said in a post that after four years of research, his team has concluded most tokens lack sustainable value backing, and blockchain’s core value is gradually shifting toward the equity space.
Since its 2022 launch, Artemis has focused on bringing fundamental analysis to the crypto industry and now counts several top liquidity token funds among its users. Still, most market tokens—without real revenue support—continue to face pressure.
Ma noted Artemis was an early adopter in building stablecoin data analytics, application-layer revenue tracking, and cross-chain KPI comparison systems. Though the team once faced industry pushback for emphasizing traditional metrics like revenue and free cash flow, reality has proven these fundamentals remain core to assessing asset value.
Building on that insight, Artemis has officially launched its next-gen product, Artemis II—positioned as an open investment terminal for all invest
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Data: 55% of AKE Circulating Supply Transferred to Binance Alpha in the Last 4 Days
As of April 17th, over the past four days, 55% of AKE’s circulating supply (12.3 billion tokens, worth $8.67 million) has been transferred to Binance Alpha via four wallets. AKE retraced 65% after hitting a high yesterday.
Following the token’s flow into Binance Alpha, its daily trading volume surged from $2 million to $34 million.
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NFT marketplace Foundation announces permanent closure following unsuccessful sale
April 17 — Ethereum-based NFT marketplace Foundation is shutting down permanently, per crypto outlet The Defiant, after a failed acquisition by digital art display firm BlackDove.
Founder Kayvon Tehranian announced the decision on X (formerly Twitter), noting the platform’s planned sale to a buyer who intended to keep it operational fell through. The company has opted not to pursue a new buyer.
In a post, Tehranian wrote: “Our sole goal in pushing the sale forward was to keep Foundation running. That’s no longer possible. As part of our shutdown process, we’ve taken down the infrastructure — and we can’t bring the platform back online.”
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The Solana ecosystem meme coin BELIEF has surged to a market capitalization of $12 million, with a 24-hour gain of 350%.
April 17 — Per GMGN monitoring (via the link: https://t.me/gmgnaibot?start=i_m4TE56o8), Solana ecosystem meme coin BELIEF surged sharply this morning. It currently holds a $12 million market cap, a 350% 24-hour gain, and $3.8 million in trading volume over the same period.
The token’s narrative centers on the Proof of Belief (POB) model from Printr V2 — a project incubated by Bybit Venture Studio.
BlockBeats reminds users: Meme coins are highly volatile, heavily reliant on market sentiment and hype, and lack actual value or use cases. Investors should exercise caution and be aware of these risks.
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In the past 24 hours, the entire network has seen $445 million in liquidations, with a double liquidation of long and short positions.
Per Coinglass data as of April 17, **$445 million in positions were liquidated across the entire crypto network over the past 24 hours**, impacting 175,352 traders.
Of the total, **$218 million were long positions** and **$226 million were short positions**.
The largest *individual liquidation* occurred on Binance’s BTCUSDC trading pair, totaling **$9.7198 million**.
### Notes on American English conventions:
- Uses concise, active phrasing ("Per Coinglass data" instead of wordier structures)
- Prioritizes key metrics upfront (dollar amounts > trader count)
- Uses "traders" (not "people") for accuracy (only their positions are liquidated, not the individuals)
- "Individual liquidation" (more natural than "single" in financial contexts)
- Clear punctuation/formatting for readability (bullet points for scannability, common in US financial news)
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