On this weekly recap, we cowl:
- Pump.Fun’s Revenue Surge: Solana-based memecoin platform Pump.Enjoyable generated $1.99 million in each day income, surpassing Ethereum. Regardless of a market cap drop, superstar token launches maintain Pump.Enjoyable thriving.
- Polkadot’s Treasury Concerns: Polkadot’s head ambassador warns the $245 million treasury may deplete in two years. The Web3 Basis counters, citing steady replenishment by staking.
- Grayscale’s Solana Trust Premium: After latest ETF filings, Grayscale’s Solana Belief (GSOL) trades at a excessive premium, favored for its tax benefits regardless of shares being priced above their Web Asset Worth.
- Silvergate Bank’s $63M Settlement: Silvergate Financial institution settled for $63 million with regulators over anti-money laundering deficiencies and deceptive disclosures, with former executives accepting penalties with out admitting guilt.
- US Marshals Service and Coinbase Contract: The U.S. Marshals Service awarded Coinbase Prime a $32.5 million contract for custody and buying and selling providers of large-cap digital property, recognizing Coinbase’s institutional-grade crypto providers.
- Blast’s Reward Program: Ethereum layer 2 community Blast launched section 2 of its rewards program, distributing 10 billion BLAST tokens to incentivize cellular dapp improvement till June 2025.
- Genesis Digital Assets’ IPO Plans: Bitcoin mining agency Genesis Digital Belongings is exploring a U.S. IPO, aiming to boost funds and develop its operations, at the moment valued at $5.5 billion.
- Lido’s Decentralization Efforts: Lido Finance launched a group staking module, permitting solo stakers to function nodes with out DAO approval, amid SEC scrutiny over its stETH token.
- Bittensor’s Network Halt: Bittensor paused its community after a safety breach led to the theft of $8 million price of TAO tokens, prompting an investigation into non-public key leakage.