Protos
According to Dune analytics, over 50% of Pump Fun token traders experienced losses this month, with 96% making less than $500. The top 250 deployers of Pump Fun tokens have extracted $79 million from traders, launching 194,000 tokens in the past six months.
LATEST NEWS
Decrypt
Citi has given Strategy stock a "buy" rating with a price target of $485, linking it to Bitcoin's potential momentum. The stock, trading as MSTR on Nasdaq, has a NAV premium tied to Bitcoin's performance, making it a leveraged proxy for the cryptocurrency.
Decrypt
Ethereum saw gains as gold prices plummeted, signaling a shift in investor risk appetite. The rise in crypto prices coincided with a significant drop in gold value, the largest in over a decade. Bitcoin and Ethereum prices surged as gold prices dropped, reflecting changing investor preferences
Decrypt
Solana Mobile has announced the discontinuation of software updates and security patches for the first-generation Saga smartphone, leaving 20,000 devices without further support. The company expressed gratitude to Saga users for their feedback and stated that the focus is now on the newer Seeker model.
Protos
The official Donald J. Trump memecoin, TRUMP, launched with a market capitalization of $5.8 billion, endorsed by Eric and Donald Trump Jr. It peaked at $8.8 billion before plummeting to $1.2 billion, causing controversy.
Blockworks
The documentary "Code Is Law" delves into the debate surrounding whether immutability should take precedence over intent, using case studies like The DAO hack in 2016 and exploits of Indexed Finance and Mango Markets in 2021 and 2022.
Protos
The second season of Killer Whales premiered on Google Play and Apple TV, but received little media attention. The show features unimpressive content with unlovable judges and a lack of clear prizes for winning projects.
bitcoinmagazine.com
BOS recently raised $10 million in funding led by Greenfield Capital, with support from various investors and angel investors. The funds will be used to further develop their Bitcoin "operating system" and advance their roadmap for institutional and developer protocols.
Decrypt
Fed Governor Christopher Waller proposed issuing "skinny" master accounts to crypto-focused financial institutions, granting them access to Fed services. This plan could reshape the banking landscape in America, allowing crypto banks to function as national banks.
Decrypt
Europol, in collaboration with Eurojust, seized $330,000 in crypto and arrested seven individuals involved in a cybercrime network known as SIMCARTEL. The network provided SIM box devices and SIM cards to fraudsters across various countries, enabling crimes like phishing, fraud, and extortion.
Decrypt
The Government of British Columbia plans to permanently block new cryptocurrency mining projects from connecting to the provincial power grid to focus on industries aligned with clean energy and economic growth goals. The Energy Statutes Amendment Act aims to prioritize sectors like mining and natural gas for grid connections.