Raydium’s RAY token has dropped 22% to $3.28 amid speculation that Pump.fun is developing its own automated market-making system, potentially diverting trading volume from Raydium. This decline follows a test version of the AMM being discovered, raising concerns about future fee revenue for Raydium. Despite Pump.fun’s recent cooling activity, it remains a significant player in the meme coin space, processing millions in daily fees.
about Raydium Token Falls Amid Speculation of Competing Automated Market Maker LaunchRyan S. Gladwin
0 posts last weekNew Fantasy Sports Game Features Crypto Social Media Personalities as Heroes
The fantasy sports game Fantasy Top is expanding to the Monad blockchain, allowing players to engage with top crypto social media personalities as “heroes” who earn points based on social engagement. Users can claim a free pack of hero cards to start playing and compete for prizes. Meanwhile, the trading card game Cardex faced a significant security breach, resulting in nearly $500,000 worth of Ethereum being drained from user wallets due to mishandled private keys.
about New Fantasy Sports Game Features Crypto Social Media Personalities as HeroesCboe BZX Submits New Applications for Solana-Based ETFs
Cboe BZX Exchange has submitted new applications for four Solana-based ETFs, reigniting the race for regulatory approval after previous withdrawals. These ETFs aim to provide traditional investors with exposure to Solana, pending the SEC’s review of their commodity status.Analysts suggest that while Solana and XRP ETFs could attract billions, they may not reach the success of Bitcoin ETFs. The proposals emphasize SOL’s commodity qualifications and address regulatory concerns through distinct strategies, with Grayscale also pursuing its own Solana ETF ambitions.
about Cboe BZX Submits New Applications for Solana-Based ETFsElizaOS Emerges from ai16z Rebranding Amid Brand Confusion Concerns
AI DAO ai16z has rebranded to ElizaOS to avoid confusion with venture capital firm a16z, as announced by founder Shaw Walters. The initiative aims to enhance community engagement and expand technology across multiple countries. ElizaOS will continue to develop AI agents and robotics, maintaining its $ai16z ticker while focusing on local hardware integration.
about ElizaOS Emerges from ai16z Rebranding Amid Brand Confusion ConcernsPotential Launch of Dogecoin and XRP ETFs Sparks Investor Optimism
The cryptocurrency landscape is poised for new exchange-traded funds (ETFs) as issuers propose offerings for Dogecoin, XRP, and Solana, among others. Analysts predict that if approved, Solana and XRP ETFs could attract billions in investments, while Dogecoin ETFs may debut as early as April. The SEC’s ongoing assessments and legal considerations could impact the timeline for these funds, with Litecoin ETFs potentially leading the way due to less regulatory uncertainty.
about Potential Launch of Dogecoin and XRP ETFs Sparks Investor OptimismPump Pumpkin Launches Token Amid Controversy and Allegations of Fraud
Pump Pumpkin’s founder, Yonatan Badash, boasted about making $800,000 from a token launch on Pump.fun, which quickly plummeted 93% in value. Amid growing investor outrage and allegations of a scam, Badash provocatively threatened to “rug” the project, leading to a flood of angry responses in their Telegram group. Many investors, including COO Mohammad Muavia, expressed disbelief over the project’s legitimacy, fearing it could not recover its reputation.
about Pump Pumpkin Launches Token Amid Controversy and Allegations of FraudPump.fun Faces Challenges Amid Employee Fraud and Regulatory Scrutiny
In May 2024, disgruntled employee Jarett Dunn drained $2 million from Pump.fun, leading to his arrest and guilty plea for fraud. The platform faced regulatory scrutiny, prompting it to block UK users, while it continues to evolve amid competition, recently introducing free coin creation and incentivizing creators. Despite setbacks, including the removal of a controversial livestreaming feature, Pump.fun remains a key player in the meme coin market, having birthed several viral tokens.
about Pump.fun Faces Challenges Amid Employee Fraud and Regulatory ScrutinyThe Machines Arena Launches on Steam and PS5 Without Crypto Features
Ethereum shooter *The Machines Arena* is set to launch on Steam on January 14, 2025, and on PlayStation 5 in 2025, but the Steam version will lack crypto features due to platform restrictions. The game aims to create a cross-platform experience, allowing players to join the same lobbies regardless of their chosen platform. Discussions are ongoing with Sony regarding potential blockchain elements for the PS5 version.
about The Machines Arena Launches on Steam and PS5 Without Crypto FeaturesMeme Coin Trading Risks Highlighted by Major Loss on Solana Network
Meme coin trading has surged, with platforms like Pump.fun facilitating over 70% of recent token launches on Solana. A user faced a staggering $200,000 loss after paying a high priority fee to buy a new meme coin, highlighting the risks and volatility in this market. Despite such losses, the meme coin craze continues to attract traders, with some achieving significant gains.
about Meme Coin Trading Risks Highlighted by Major Loss on Solana NetworkSonic SVM Launches Token with Airdrop for TikTok Gamers
Sonic SVM, a layer-2 gaming chain on Solana, is set to launch its SONIC token on January 7, 2025, with an airdrop for players of its TikTok-based tap-to-earn game, SonicX, which has surpassed one million users. The tokenomics allocate 30% for ecosystem funding and 20% for validator rewards, while 7% of the total supply is designated for the initial airdrop. Eligible users can choose between two claiming options, with the project aiming to expand its distribution infrastructure to benefit other Web3 initiatives.
about Sonic SVM Launches Token with Airdrop for TikTok GamersPump.fun Dominates Solana Token Launches Amid Rising Meme Coin Popularity
Pump.fun has dominated the Solana network, accounting for approximately 70% of all token launches and 56.2% of transactions this month. Despite its controversial past, including a livestreaming feature that led to scams, the platform has evolved, generating over $79.94 million in monthly revenue and facilitating the creation of over 5.5 million tokens.
about Pump.fun Dominates Solana Token Launches Amid Rising Meme Coin PopularityIlluvium Overworld Team Prioritizes MMO Experience Improvements for 2025
The crypto gaming landscape is thriving, highlighted by Hamster Kombat’s plans for a layer-2 network on TON following a significant DAO vote. Meanwhile, Off the Grid has garnered multiple Game of the Year awards and is set to expand its ecosystem in 2025. Illuvium is refocusing on individual titles to streamline development and enhance user experience.
about Illuvium Overworld Team Prioritizes MMO Experience Improvements for 2025