🤯 - Is Pump.fun launching its token ? - 04/06/2025
But also : Robinhood has acquired Bitstamp, Ripple's stablecoin has been adopted in the United Arab Emirates and Ross Ulbricht has received 300 BTC
Hello 👋
Welcome to your daily two-minute briefing on the latest developments in the Web3 space.
🔥 TODAY'S HOT NEWS
Pump.fun is expected to launch its token soon
Pump.fun is the favourite playground for memecoin enthusiasts on Solana. Since its launch in early 2024, the platform has allowed anyone to create their own token.
With over $700 million in revenue generated and millions of tokens launched, it has established itself as a key player in the ecosystem.
And, according to several sources, the platform is about to launch its own token. The token will be offered to the public and private investors as part of a fundraising campaign that could reach $1 billion for a target valuation of $4 billion.
However, no official date has been confirmed, but a recent post suggests that the launch could take place within two weeks. It could also be accompanied by an airdrop for the platform's most active users.
But it's not all plain sailing. The platform has been marred by controversy: accusations against a co-founder for past scams, disputes over the ownership of certain memecoins and recurring criticism of content moderation.
Despite everything, enthusiasm remains high. And if the token delivers on its promises, Pump.fun could establish itself among the giants of the sector.
💎 MARKETCAP
🟠 BITCOIN : 105 570 $ 📉
🔵 ETHER : 2 630 $ 📉
🟢 FEAR & GREED : 57 📉
Robinhood acquires Bitstamp and sets its sights on Europe
With the acquisition of Bitstamp, Robinhood is strengthening its expansion strategy outside the United States. Europe is becoming a priority in order to compete with the major crypto platforms already established there.
The Blockchain Group buys 624 BTC for €60 million
The French company has made one of the largest Bitcoin purchases in France, affirming its long-term strategy for the asset. The BTC will be kept in cold storage and subject to external audit.
Ripple's stablecoin adopted in the United Arab Emirates
The Dubai Financial Services Authority has given the green light for the use of RLUSD within the Dubai International Financial Centre, with its scope extended to the entire Emirati territory.
Truth Social wants to launch a Bitcoin ETF
Donald Trump's media platform has filed an application to launch its own Bitcoin ETF. The initiative marks a new step in its strategy to expand into digital assets.
Today's topic will be... Lee Jae-myung !
South Korea's newly elected president, Lee Jae-myung, is keen to integrate cryptocurrency into the national economy. He is in favour of Bitcoin ETFs, public investment, and a stablecoin backed by the won.
The aim is to attract capital without going through the dollar, while maintaining strict regulation. This aggressive yet controlled strategy could establish Seoul as a major player in Asia.
Ross Ulbricht receives 300 BTC
Recently released from prison, the founder of Silk Road has received 300 BTC, worth $27.4 million. The bitcoins were sent via a mixer, which continues to fuel suspicion, although the possibility of a self-donation does not seem likely at this stage.
Ripple denies any attempt to acquire Circle
Brad Garlinghouse, CEO of Ripple, says he never considered acquiring Circle, contradicting recent rumours. He denounced the reports as ‘completely fabricated’ and disconnected from reality.
Bitcoin as cash, a risky bet according to Standard Chartered
Analysts estimate that nearly half of non-crypto companies would sell their BTC if the price falls below $90,000. This is a fragile strategy that could exacerbate volatility and weaken the entire market in the event of a crash.
Donald Trump pushes his pro-crypto bill
Although he supports the GENIUS stablecoin project, Donald Trump is facing resistance in the Senate. His close ties to the crypto industry are reigniting suspicions of a conflict of interest and slowing down the adoption of a much-anticipated bill.
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Have a great day,
Emma and Ben
