Everything web3, crypto, defi, degen
In brief Pump.fun’s token has climbed double digits on the day, putting it inches away from its debut price. Its surge comes as PUMP was listed on Binance.US and the platform rolled out several updates for its token launchpad. The meme coin launchpad clawed back market share last month following 30 days of dominance from…
In brief XRP momentum has faded after breaking an eight-year all-time high price. Solana charts tell a different story today than the price action would indicate. And Pump’s PUMP is pumping once again, but can it last? The crypto market has rolled into September with characteristic uncertainty, as “Red September” fears collide with mounting optimism…
In brief Pump.fun has introduced a dynamic fee model that looks to reward token creators on the platform. One Pump.fun livestreamer told Decrypt the move empowers small creators to make more money than on traditional platforms like Twitch. Over the past 24 hours following the update, $1.9 million was distributed to creators on the platform.…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors are green with SOL leading; BTC at $111,500 BTC ETFs see $333M in inflows, highest day since Aug 8; ETH…
In brief Blueprynt’s pilot program for “Know Your Issuer” tapped USDC and PYUSD. The solution is aimed at stifling counterfeit cryptocurrencies. The pilot comes amid new guidance for banks and safeguarding crypto. Bluprynt recently completed a pilot project aimed at stifling counterfeit cryptocurrencies, integrating a “Know Your Issuer” framework into stablecoins from Circle and PayPal,…
In brief Kanye West said Tuesday that his Instagram was hacked to promote a fake YZY token. The unofficial token briefly spiked to a $7 million market cap before crashing down to around $160K. Kanye’s real token has fallen 81% from its all-time high and trades around a $73 million market cap. Kanye West’s official…
In brief Official Instagram accounts for Michael Jackson, Adele, and Future were apparently hijacked to promote a meme coin. The token, named after a clothing brand and record label attached to Future, reached a near $900K market cap before plummeting. The scammer made off with around $49,000 after dumping the majority of the tokens. The…
In brief Ye, formerly Kanye West, launched an official meme coin on Tuesday, prompting other tokens that some investors believed were tied to the musician to crash and burn. Yeezy Coin and Swasticoin were launched approximately six months ago, with members of both communities believing they were part of a performance art piece or an…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors dip 3-6% overnight; BTC holds at $115,000 Gemini files to go public with ticker GEMI, timing TBD BTCS becomes first…
In brief Former Pump.fun employee Jarett Dunn has pleaded guilty to fraud by abuse of position, as well as transfer of criminal property. The former senior developer drained an estimated $2 million worth of Solana from the popular meme coin launchpad. He now awaits sentencing from behind bars, after breaking bail conditions two months ago.…
