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Pump.fun burned approximately $370 million worth of PUMP tokens on April 29, reducing circulating supply by 36%, and committed 50% of all net platform revenue to an irreversible smart contract that will continue buying back and burning PUMP for the next 12 months. Key Takeaways: Pump.fun burned roughly $370 million in PUMP tokens on Wednesday, … Read more
An Ethereum initial coin offering ( ICO) participant transferred 10,000 ETH worth $22.88 million to a new wallet on Wednesday after the address sat dormant for over a decade, converting a $3,100 investment into a 7,381x return. Key Takeaways: Wallet 0xCD59 transferred 10,000 ETH worth $22.88 million after lying dormant for 10.8 years. The Ethereum … Read more
After the initial coin offering (ICO) of Pump.fun’s token PUMP, crypto market trackers like coinmarketcap.com (CMC) show the coin has climbed more than 87% above its debut price. PUMP Token Frenzy: From Mint to Billions in 48 Hours Pump.fun, the decentralized platform built on the Solana blockchain that lets anyone spin up and launch their … Read more
Pump.fun’s public token sale for its PUMP cryptocurrency raised $500 million after selling out rapidly in roughly 12 minutes. PUMP Token Sale Sells out, Raising $500 Million for Platform Expansion The initial coin offering (ICO) — a crowdfunding method for new digital tokens — launched July 12 at 2 p.m. UTC. Pump.fun, a leading meme … Read more
According to data tracked by Whale Alert, a long-dormant Genesis pre-mined ethereum wallet just stirred to life, moving 230 ETH for the first time in nearly a decade. From $71 to $590K: Forgotten Ethereum Wallet Wakes Up in 2025 Back in July 2015, roughly 8,893 distinct wallets were directly credited with ETH from the Genesis … Read more
Base has become Ethereum’s top layer two (L2) across several metrics and Base projects will now have access to onchain startup capital on Echo. Echo Hosts Coinbase Ventures’ New Base Ecosystem Group to Expand Crypto Development Projects building on Ethereum’s largest L2 network Base will now have access to early startup capital via the Echo … Read more
In a recent social media post, former Coinbase CTO Balaji Srinivasan highlighted a potential shift in the tech landscape, suggesting that the era of traditional Initial Public Offerings (IPOs) and mergers and acquisitions (M&A) may be coming to an end, while the crypto era could be just beginning. He pointed out that new regulatory policies … Read more
Sohrab Sharma, a co-founder with the now-defunct Florida cryptocurrency firm, Centra Tech, has been sentenced to eight years in prison after he pleaded guilty to charges of duping investors via a fraudulent initial coin offering (ICO). Additionally, the court has ordered Sharma to forfeit $36,088,960. Material Misrepresentations Prior to Sharma’s sentencing, the U.S. Department of … Read more
A U.S. court has sentenced Jerry Ji Guo, a resident of San Francisco, to an effective six months in prison for his role in a fraudulent initial coin offering (ICO). In addition to the prison term, the court ordered Guo to pay over $4 million in restitution. Further, Guo will also cooperate with the government … Read more
The United States Securities and Exchange Commission (SEC) jointly charged Virginia-based Boontech and CEO, Rajesh Pavithran for fraud and registration violations. The charges stem from an initial coin offering (ICO) that raised $5 million from 1,500 investors around the world in exchange for Boon Coins. In return, Pavithran and his company promised to develop and … Read more